Nonprofit · EIN 20-0249627
COMMITTEE OF CHIEF RISK OFFICERS INC
Tax-exempt · THE WOODLANDS, TX 77382
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $560,055 | $554,314 | $5,741 | $449,573 | $2 | $449,571 |
| December 31, 2023 | 990 | $473,946 | $640,349 | -$166,403 | $443,830 | $0 | $443,830 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $560,055
- Membership dues
- $560,055
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $281,686
- Salaries, compensation and benefits (total)
- $296,264
- Professional fundraising fees
- $0
- Accounting fees
- $8,248
- Occupancy
- $14,443
- Travel
- $110,214
- Depreciation
- $129
- Program services (functional)
- $443,450
- Management and general (functional)
- $110,864
Balance sheet and other
- Total assets, start of year
- $443,830
- Total assets, end of year
- $449,573
- Total liabilities, end of year
- $2
- Net assets, end of year
- $449,571
- Land, buildings and equipment
- $65
- Net assets without donor restrictions
- $449,571
- Gross receipts
- $560,055
- Employees
- 1
- Year formed
- 2002
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT ANDERSON | Director Trustee or director, Officer | 40 | $280,000 | $1,686 |
| Gary Taylor | GL HEAD OF RISK Trustee or director | 5 | $0 | $0 |
| Morgan Davies | RISK CONTROL DI Trustee or director | 5 | $0 | $0 |
| Malinda Prudencio | CHIEF RISK OFFI Trustee or director | 5 | $0 | $0 |
| Paul Turner | Partner Trustee or director | 5 | $0 | $0 |
| Nithya Venkatesan | VP, Risk Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT ANDERSON | Director Trustee or director, Officer | 40 | $257,688 | $1,760 |
| Gary Taylor | GL HEAD OF RISK Trustee or director | 5 | $0 | $0 |
| Morgan Davies | RISK CONTROL DI Trustee or director | 5 | $0 | $0 |
| Malinda Prudencio | CHIEF RISK OFFI Trustee or director | 5 | $0 | $0 |
| Paul Turner | Partner Trustee or director | 5 | $0 | $0 |
| Nithya Venkatesan | VP, Risk Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8000 RESEARCH FOREST DR STE 115 278, THE WOODLANDS, TX 77382-1506
- In care of
- % ROBERT ANDERSON
- Principal officer (990 for 2024)
- ROBERT ANDERSON, 8000 RESEARCH FOREST DR STE 115 278, THE WOODLANDS, TX 77382
- Signed the 990
- ROBERT ANDERSON, Executive Dir.
- Phone
- (281) 382-2538
- Website
- WWW.CCRO.ORG
- Return prepared by
- REYNOLDS & REESE CPA PLLC
Mission
TO STRENGTHEN RISK MANAGEMENT AND DISCLOSURE PRACTICES IN THE PHYSICAL AND FINANCIAL TRADING AND MARKETING OF ELECTRICITY AND NATURAL GAS IN THE UNITED STATES.
Program accomplishments
- WORKING GROUP INITIATIVES 1) ENTERPRISE RISK MANAGEMENT PRACTICESDeveloped and produced eight webinar sessions hosted by a member company. Allowed member companies to share best practices for the practical implementation of ERM in an energy company.2) RETAIL ENERGY PROVIDER RISK MANAGEMENTLaunched an initiative to develop recommended risk management practices for providers of energy at the retail level. Objective for the group is to publish a comprehensive and definitive whitepaper for this segment of the industry as a guideline for companies and public utility commissions alike.3) RISK METRICS AND BEST PRACTICESLaunched an initiative to develop a list of most recommended Key Risk Indicators for any type of energy company. These indicators provide energy companies with critical information related to potential changes in risks they face on the horizon. 4) INDUSTRY-WIDE SURVEY OF RISK MANAGEMENT PRACTICESDeveloped questions and structure for an industry-wide survey of all company internal practices related to the risk management function. This comprehensive survey is open to non-members and is designed to provide the energy industry with otherwise unavailable information about current industry practices. A critical source for companies to benchmark their own practices and support change initiatives for improvement.Expenses $221,725
- GENERAL MEMBER MEETINGS During the year, three General Meetings were held for members and invited guests. Each was a two-day meeting covering current working group initiative progress and work plans, as well as a one-day symposium on special topics related to risk management. Symposiums were on: IT security and the CRO; Enterprise Risk Management practices; and credit risk mitigation instruments.Expenses $177,380
- ADMITTED AS MEMBER OF CFTC MARKET RISK ADVISORY COMMITTEECommissioner Bowen invited CCRO Executive Director to represent CCRO member companies on this special panel of the Commodity Futures Trading Commission. This volunteer panel is to advise the CFTC commissioners on matters relating to risk management and commodity exchanges as well as energy regulations regarding commodity markets.Expenses $44,345
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-0249627
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $449,573
- Income (IRS master file)
- $560,055
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $560,055 | $554,314 | $449,573 | IRS |
| 990 | December 2023 | $473,946 | $640,349 | $443,830 | XML |
| 990 | December 2022 | $505,704 | $448,497 | $612,234 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0249627).
Questions about COMMITTEE OF CHIEF RISK OFFICERS INC
- What is the EIN of COMMITTEE OF CHIEF RISK OFFICERS INC?
- The employer identification number (EIN) of COMMITTEE OF CHIEF RISK OFFICERS INC is 20-0249627.
- Is COMMITTEE OF CHIEF RISK OFFICERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2006.
- Are donations to COMMITTEE OF CHIEF RISK OFFICERS INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does COMMITTEE OF CHIEF RISK OFFICERS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COMMITTEE OF CHIEF RISK OFFICERS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMITTEE OF CHIEF RISK OFFICERS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COMMITTEE OF CHIEF RISK OFFICERS INC?
- The 990 for the year ended December 31, 2024 names ROBERT ANDERSON.
- Who are the officers and directors of COMMITTEE OF CHIEF RISK OFFICERS INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $280,000 (ROBERT ANDERSON, Director).
- How much revenue does COMMITTEE OF CHIEF RISK OFFICERS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $560,055, expenses of $554,314 and total assets of $449,573 at year end.
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