CTO FORUM INC

EIN: 263855445 Community Improvement

Half Moon Bay, CA

Total Revenue
$1,981,000
Total Expenses
$1,729,196
Total Assets
$979,743
Net Assets
$915,265
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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
DE
Principal Officer
BASHEER JANJUA
Tax Period
2023-01-01 to 2023-12-31

CTO FORUM INC, founded in 2008, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 13% surplus.

Mission

CTO Forum is organized and operates exclusively to promote the common business interests of Chief Technology Officers and other executives and professionals involved with technology.

Program Service Accomplishments

Program 1
Expenses: $769,492 Revenue: $1,981,000

Explanation of Activities:In its interconnected and inseparable activities, CTO Forum focuses on six pillars of organizational growth: Customers, Strategy, Culture, Operations, Data, and Technology...

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Explanation of Activities:In its interconnected and inseparable activities, CTO Forum focuses on six pillars of organizational growth: Customers, Strategy, Culture, Operations, Data, and Technology through its newly launched Six Series program. The Forum hosts several annual events providing in-depth exposure to the latest advances in IT, product development, emerging technologies, and innovation strategies. The goal is for participants to leave the Forum with fresh ideas for achieving their company goals and their own career objectives. The Six Series program, launched in 2022 in collaboration with various educators from top US universities, including professors from Harvard Business School and Stanford University, is divided into several activities throughout the year. Below is a brief description of CTO Forums activities conducted in 2023:A. Rethink Digital Six Series II. Module 4: Rethink Data Science This executive education program is the fourth of its Six Series II. This module explored technologies that are transforming and expanding the footprint and value of Data Science across various business sectors. The goal of this conference was to explore opportunities and techniques to leverage the latest and most impactful Data Science breakthroughs and business applications. Topics included Data Movement, Storage, Privacy, and Security; Big Data, Big Compute, Analytics, and Visualization; Blockchain; Distributed Ledgers, Smart Contracts, and DeFi; and Digital Platforms. The program was conducted via Zoom Video Conference on March 2 and 3, 2023.B. Rethink Digital Six Series II. Module 5: Rethink RoboticsThis module explored how Digital Transformation across industries is accelerating through increased automation and advancements in robotics solutions. Topics included Robotic Process Automation; Robots and Cobots; Autonomous Vehicles and Drones;Digital Twins which are representations of actual physical products, processes, or ecosystems, can be used to run virtual simulations and how augmented design enables machines to enhance human creativity and design processes. This two-day program was held via Zoom Video Conference on May 4 and 5, 2023.C. Rethink Digital Six Series II. Module 6: Rethink Generative AIThis module examined mechanisms that are accelerating the Digital Transformation Flywheel through the latest breakthroughs in Generative AI. Topics included Generative versusDiscriminative AI Modeling; Generative AI Tools such as ChatGPT, DALL-E, MidJourney; Transformative AI and Human-Machine Co-Creativity; and Regulating AI Development. The program emphasized the ability of Generative AI to automate and generate data faster, reduce costs, and improve customer experience. This two-day program was successfully held via Zoom on August 2 and 3, 2023.D. 2023 Summit Rethink Digital Six Series I The 2023 Summit took place at the Ritz Carlton Hotel in Half Moon Bay. It continued the Six Series I: Designing the Transformation Flywheel. During this two-day Rethink Digital Summit, participants revisited and fine-tuned the Digital Transformation Flywheel template with an AI-First vision, covering topics such as Rethink Customers, Rethink Strategy, Rethink Culture, Rethink Operations, Rethink Data, Rethink Technology, and Rethink Design. This event was held on November 2 and 3, 2023.E. Knowledge CenterThe Knowledge Center is a big data repository that provides a unique opportunity for members to continue learning between conferences. Members can catch up on main segments of any event, including keynote addresses, and download PDFs of presentations and notes. CTO Forum posts event-related content, including video footage, presentations, and other archives from previous events. The contents from the 2023 Rethink Series II, Modules 4, 5, and 6, and the 2023 Submit are also available in the Knowledge Center.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,981,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,981,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $417,010
Fundraising Expenses $0
Program Expenses $769,492
Other Expenses $1,312,186
TOTAL EXPENSES $1,729,196

Year-over-Year Comparison

2023 2022 Change
Revenue $1,981,000 $1,424,275 +0.4%
Expenses $1,729,196 $1,508,799 +0.1%
Net Income $251,804 $-84,524 -4.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
1
Independent Members
N/A
Employees
2
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$283,654
Total Directors
1
$283,654
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BASHEER JANJUA PRESIDENT 20.00
Officer Director
$283,654 $0 $283,654
EMIKO BARDWIL MARKETING & SOCIAL MEDIA MANA 40.00
Highest
$110,000 $0 $110,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,981,000 $1,729,196 $979,743 $251,804
2022 $1,424,275 $1,508,799 $633,033 $-84,524
2021 $1,455,000 $1,678,420 $751,953 $-223,420
2020 $1,522,000 $1,146,336 $936,539 $375,664
2019 $1,688,500 $1,331,523 $567,231 $356,977
2018 $1,804,500 $1,851,951 $136,161 $-47,451
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