Fast facts about the inner-city 100 CEOs and their businesses.
The Inner City 100
The CEO's
Vital Stats
| Average age today |
46 |
| Median salary |
$130,000 |
Average age at time of
company's founding |
34 |
| Average salary |
$206,610 |
| Median noncash compensation |
$12,000 |
| Average noncash compensation |
$81,159 |
Median percentage of
company owned by CEO |
60% |
Average percentage of
company owned by CEO |
69% |
Highest Level of Education
| High school |
19% |
| Two-year college |
4% |
| Four-year college |
39% |
| M.B.A. |
19% |
| Other master's degree |
8% |
| Doctorate |
6% |
| No response |
5% |
Economic Background of Family
| Affluent |
8% |
| Middle class |
50% |
| Working class |
28% |
| Poor |
10% |
| No response |
4% |
Ethnicity
| Caucasian |
60% |
| Hispanic |
15% |
| Black |
13% |
| Asian |
4% |
| Other |
5% |
| No response |
3% |
Gender
| Male |
79% |
| Female |
21% |
Entrepreneurial Evolution
Percentage of CEOs who first considered
becoming an entrepreneur at age
| 5 to 14 |
13% |
| 15 to 22 |
37% |
| 23 to 29 |
22% |
| 30 to 39 |
14% |
| 40 to 49 |
9% |
| Over 50 |
0% |
| No response |
5% |
The Companies
Critical Numbers
| Average age of company |
15 |
| Average number of full-time employees |
87 |
| Median number of full-time employees |
40 |
| Average five-year growth rate |
687% |
| Median five-year growth rate |
323% |
| Average 1999 sales |
$16.6 million |
| Median 1999 sales |
$5.8 million |
Inner City 100 by Sector
| Service |
49% |
| Manufacturing |
41% |
| Distribution |
6% |
| Retail |
4% |
Inner City 100 by Industry
| Business products and services |
24% |
| High tech |
18% |
| Consumer goods |
16% |
| Construction |
15% |
Professional, scientific, and
technical services |
8% |
| Health care and social assistance |
3% |
| Real estate |
3% |
| Transportation |
3% |
| Other |
10% |
Start-up Capital
Percentage of companies that
were launched with
| Less than $10,000 |
33% |
| $10,001 to $20,000 |
8% |
| $20,001 to $50,000 |
18% |
| $50,001 to $100,000 |
12% |
| More than $100,000 |
13% |
| No response |
16% |
Outsourced Functions
Percentage of respondents that
farm out
Human resources/
payroll administration |
65% |
| Accounting |
33% |
| Advertising |
31% |
| Network administration |
25% |
| Public relations |
14% |
| Data processing |
1% |
| Other |
6% |
Money for Training
Percentage of companies that spend
| Less than 1% of annual revenues |
18% |
| 1% to 5% of annual revenues |
56% |
| 6% to 10% of annual revenues |
12% |
| More than 10% of annual revenues |
8% |
| No response |
6% |
Benefits for Full-Time Employees
Percentage of respondents offering
| Health insurance |
98% |
| 401(k)plan |
72% |
| Flextime |
71% |
| Life insurance |
60% |
| Disability insurance |
55% |
| Tuition reimbursement |
51% |
| Employee-assistance program |
37% |
| Telecommuting |
25% |
| Pension plan |
20% |
| Child care |
12% |
Employee Incentives
Percentage of respondents
offering
