Cto Forum Inc
Nonprofit profile at a glance
- EIN
- 263855445
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024
- Location
- Half Moon Bay, CA, USA
- Phone
- 4083140056
- Rating
- 32
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $1,929,500
- Expenses
- $1,809,493
- Assets
- $835,816
- Liabilities
- $29,381
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- BASHEER JANJUA (PRESIDENT)
Highest reported compensation
- BASHEER JANJUA (PRESIDENT): $295,000 total reported compensation
- EMIKO BARDWIL (MARKETING & SOCIAL MEDIA MANAGER): $120,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
In 2024, CTO Forum continued advancing its mission by convening top technology executives and educators to explore and address the most pressing issues in digital leadership, innovation, and enterprise transformation. CTO Forums flagship program, the Technology Management Series (TMS), delivered a comprehensive executive education curriculum organized across eight intensive modules spanning over two years. Module 1, held virtually via Zoom Video Conferencing on April 1112, 2024, addressed critical themes including AI leadership, corporate governance, financial management, and global economics. The program featured faculty lectures by professors from Harvard Business School and Stanford University, including sessions on Building Blocks for Digital Scale, Corporate Governance Matters, Financial Analysis for Technology Leaders, and an in-depth look at how top economies influence business strategy. Participants also explored emerging technologies such as generative AI, robotics, biotechnology, and quantum computing, and engaged in workshops on humanity-centered product design and advanced information technology implementation. Over 150 delegates, from various corporations attend this event. Module 2, conducted virtually on May 1617, 2024, deepened participants understanding of financial management, board-level governance, and the application of AI strategy. Highlights included lectures on the global economic environment, the future of quantum computing, and the latest practices in innovation-driven product development. Faculty from Stanford and Harvard led the sessions, joined by seasoned industry executives in moderated panels and peer discussion groups. Over 125 delegates, from various corporations attended Day 1 and over 120 delegates attended Day 2 of the this event. Module 3, held virtually on August 89, 2024, continued the TMS curriculum with expanded programming on digital transformation, AI-first strategy, and cross-industry innovation. Executives examined governance models, financial frameworks, and geopolitical shifts impacting technology leadership. The module incorporated lectures from faculty across Harvard, Stanford, and Berkeley, as well as presentations from senior executives at AMD, Google, Analog Devices, and UC Berkeley. Over 128 delegates, from various corporations attended Day 1 and over 123 delegates attended Day 2 of the this event. Module 4, held in-person at the Ritz-Carlton in Half Moon Bay on October 1517, 2024, brought together global thought leaders for a three-day summit focused on the evolving impact of generative AI, quantum computing, and leadership in a boundaryless digital economy. The keynote featured experts such as Dr. Andrew Ng, Dr. Sebastian Thrun, and senior executives from Amazon, Wayfair, and eBay. Faculty lectures and CXO panels examined AI-first enterprise creation, ethical leadership, humanity-centered design, and the global economic outlook. Interactive workshops and networking sessions furthered participant engagement and applied learning. Over 80 delegates, from various corporations attended Day 1, over 100 delegates attended Day 2, and 101 delegates attended Day 3 of the this event. All four modules were part of the Technology Management Series, which is designed to equip CTOs, CIOs, and technology executives with strategic, financial, operational, and governance competencies necessary for enterprise transformation. Knowledge Center: CTO Forum also maintained its Knowledge Center, a secure digital archive housing video recordings, lecture slides, reading materials, and keynote presentations from all 2024 modules. This repository enabled participants to reinforce learning between events and extend the programs impact throughout the year.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
REVIEW - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 70
- Accountability: 32
- Sustainability: 39
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 6.2%; rating input score 53; 53rd percentile among comparable filings
- Total-asset coverage ratio: 0.46; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 56; 56th percentile among comparable filings
- Officer compensation ratio: 22.9%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 2.5% per year; rating input score 100; 28th percentile among comparable filings
- Asset growth: 19.4% per year; rating input score 100; 81st percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 0 of 1 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $908K in reported program spending
- Leadership: top reported pay $295K · 2 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $102K reported
- Consistency: 11 of 12 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 8 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Accountability: Independent voting board scored 0/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- Review — Sustainability: Operating margin scored 53/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Officer compensation ratio scored 12/100.
- Review — Sustainability: Liabilities to assets ratio scored 56/100.