Overview
What is Committee Of Chief Risk Officers Inc?
Committee of Chief Risk Officers Inc is a nonprofit organization based in The Woodlands, Texas. Its primary focus is to enhance risk management and disclosure practices within the physical and financial trading and marketing of electricity and natural gas in the United States. They achieve this through various initiatives, such as hosting webinars to share best practices, developing recommended risk management practices for retail energy providers, creating a list of key risk indicators, and conducting an industry-wide survey to gather insights on current risk management practices. The goal is to provide companies with valuable information for benchmarking and improvement.
Official website here: www.ccro.org
Is Committee Of Chief Risk Officers Inc legitimate?
Committee Of Chief Risk Officers Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Committee Of Chief Risk Officers Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $174,675
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ccro.org
What is the mission statement of Committee Of Chief Risk Officers Inc?
The Committee of Chief Risk Officers Inc's mission is centered around enhancing risk management and disclosure practices in the physical and financial trading and marketing of electricity and natural gas within the United States. To achieve this, they engage in various initiatives. One such initiative is the promotion of enterprise risk management practices, where they conduct webinars to share best practices among energy companies. Another initiative involves developing recommended risk management practices for retail energy providers, aiming to publish a comprehensive guide for the industry. The committee also works on identifying key risk indicators for energy companies, providing them with critical information about potential risks. Lastly, they conduct an industry-wide survey on risk management practices, offering energy companies an opportunity to benchmark their practices and support change initiatives for improvement.
Official website here: www.ccro.org
Who is the CEO of Committee Of Chief Risk Officers Inc?
Robert Anderson is the Director of Committee Of Chief Risk Officers Inc.
Official website here: www.ccro.org
What is the revenue of Committee Of Chief Risk Officers Inc?
Committee Of Chief Risk Officers Inc's revenue in 2022 was $505,704.
Official website here: www.ccro.org
Who are the executives of Committee Of Chief Risk Officers Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $170,000
- Related: $0
- Other: $4,675
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ccro.org
Where can I find the form 990 for Committee Of Chief Risk Officers Inc?
Committee Of Chief Risk Officers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ccro.org
Learn more at the official website: www.ccro.org
Mission Statement of Committee Of Chief Risk Officers Inc
The Committee of Chief Risk Officers Inc is committed to enhancing risk management and disclosure practices in the physical and financial trading and marketing of electricity and natural gas within the United States. In pursuit of this mission, the organization engages in various initiatives designed to promote best practices and facilitate information sharing among its members.
One such initiative involves the development and hosting of webinar sessions, which allow member companies to share their experiences and insights on the practical implementation of enterprise risk management (ERM) in energy companies. Another initiative focuses on retail energy provider risk management, aiming to develop recommended practices and publish a comprehensive whitepaper serving as a guide for companies and public utility commissions alike.
The Committee of Chief Risk Officers Inc also launched an initiative to compile a list of key risk indicators (KRIs) for any type of energy company. These indicators provide vital information about potential future risks, enabling energy companies to make informed decisions and prepare for potential challenges. Additionally, the organization conducts an industry-wide survey of risk management practices, gathering data from various companies to provide a comprehensive overview of current industry practices. This survey is open to both members and non-members, allowing companies to benchmark their practices and identify opportunities for improvement.
In summary, the Committee of Chief Risk Officers Inc strives to improve risk management and disclosure practices in the energy sector by fostering collaboration, sharing best practices, and providing valuable data and resources to its members and the broader industry.
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Impact
October, 2024
The Committee Of Chief Risk Officers Inc significantly enhances risk management and disclosure practices in the physical and financial trading and marketing of electricity and natural gas across the United States. By focusing on key initiatives, the organization strengthens the overall resilience and transparency of the energy sector.
One major initiative has been the development of enterprise risk management (ERM) practices. Through a series of webinars, member companies exchange best practices for implementing ERM strategies effectively, which fosters a culture of risk awareness and preparedness among energy firms.
Additionally, the Committee has launched a targeted initiative for retail energy providers, aiming to formulate recommended risk management practices tailored specifically for this segment. This initiative is expected to culminate in a comprehensive whitepaper that will serve as a guideline for energy companies and public utility commissions, promoting standardized practices that enhance risk mitigation across the board.
The Committee is also focusing on establishing risk metrics and best practices by identifying key risk indicators for energy companies. These metrics are crucial for companies to monitor and prepare for potential risk changes, ultimately facilitating more informed decision-making.
Furthermore, an industry-wide survey of risk management practices has been initiated to gather data on how companies are managing risks internally. This comprehensive survey is accessible to both members and non-members, providing valuable insights that allow energy firms to benchmark their practices and implement improvements based on industry standards.
Overall, the Committee's initiatives contribute to a more robust and standardized approach to risk management in the energy sector, enhancing operational resilience and fostering greater transparency in an industry critical to the economy.
This information is meant to be a general summary of Committee Of Chief Risk Officers Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $47
- Gross Receipts: $505,704
Assets and Liabilities:
- Total Assets: $612,234
- Total Liabilities: $2,001
- Net Assets: $610,233
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Organization Details
Founding Year
2002
Phone
(281) 382-2538Principal Officer
Robert Anderson
Main Address
8000 RESEARCH FOREST DR STE 115 278, THE WOODLANDS, TX, 77382
Website
www.ccro.orgNTEE Category
Code: S41 - Community improvement
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