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Nonprofiteer
← COUNCIL FOR INCLUSIVE CAPITALISM INC

Form 990 for tax year 2023

Filed by COUNCIL FOR INCLUSIVE CAPITALISM INC.

Totals

Total revenue
$2,699,929
Total expenses
$2,355,034
Contributions and grants received
$2,685,000
Grants paid
$0
Program service revenue
$0
Investment income
$14,929
Other revenue
$0
Total assets, end of year
$1,575,262
Total liabilities, end of year
$23,867
Net assets or fund balances, end of year
$1,551,395
Program services expenses (Part IX)
$1,705,507
Management and general expenses
$436,276
Fundraising expenses
$213,251
Program service expenses (Part III)
$1,705,507

Program services were 72.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,685,000

  • 3 · Investment income

    total $14,929 · excluded $14,929

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,591,805 · program services $1,315,034 · management and general $91,272 · fundraising $185,499

  • 9 · Other employee benefits

    total $134,685 · program services $114,880 · management and general $6,409 · fundraising $13,396

  • 10 · Payroll taxes

    total $120,115 · program services $102,420 · management and general $4,666 · fundraising $13,029

  • 11g · Fees: other

    total $125,840 · management and general $125,815 · fundraising $25

  • 12 · Advertising and promotion

    total $98,198 · program services $68,739 · management and general $29,459

  • 16 · Occupancy

    total $1,808 · management and general $1,808

  • 17 · Travel

    total $47,759 · program services $42,976 · management and general $4,496 · fundraising $287

  • 23 · Insurance

    total $20,636 · program services $6,462 · management and general $13,159 · fundraising $1,015

  • 24a · Other expenses: TECHNOLOGY, SOFTWARE, I

    total $146,888 · management and general $146,888

  • 24b · Other expenses: MEALS & ENTERTAINMENT

    total $28,779 · program services $26,008 · management and general $2,771

  • 24c · Other expenses: WEBSITE DEVELOPMENT

    total $27,888 · program services $27,888

  • 24d · Other expenses: TAXES & LICENSES

    total $4,512 · management and general $4,512

  • 24e · All other expenses

    total $6,121 · program services $1,100 · management and general $5,021

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,216,761 · end of year $1,466,880

  • 4 · Accounts receivable

    end of year $100,000

  • 15 · Other assets

    beginning of year $1,167 · end of year $8,382

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,428 · end of year $4,391

  • 25 · Other liabilities

    beginning of year $0 · end of year $19,476

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,206,500 · end of year $1,551,395

Mission and programs · 2023

Mission

WORKING TO HARNESS THE PRIVATE SECTOR TO CREATE A MORE INCLUSIVE, SUSTAINABLE, AND TRUSTED ECONOMIC SYSTEM THAT ADDRESSES THE NEEDS OF PEOPLE AND THE PLANET.

Activities or mission (Part I)

THE COUNCIL IS COMMITTED TO DETERMINING THE BEST SOLUTIONS FOR A POWERFUL MOVEMENT AIMED AT REFORMING THE GLOBAL ECONOMIC SYSTEMS AND MAKING INCLUSIVE FOR THE GREATER SERVICE TO SOCIETY.

  • THE COUNCIL BRINGS TOGETHER GLOBAL BUSINESS LEADERS TO WORK TOWARD HARNESSING THE POWER OF BUSINESS FOR GOOD. THE AIM OF THE COUNCIL IS TO DETERMINE THE BEST SOLUTIONS TO REFORM THE GLOBAL ECONOMIC SYSTEMS AND MAKING THEM MORE INCLUSIVE FOR THE GREATER SERVICE TO SOCIETY. THE COUNCIL AIMS TO PERSUADE THE ORGANIZATIONS WITH WHICH THE COUNCIL HAS A RELATIONSHIP TO COMMIT TO SPECIFIC ACTIONS THAT WILL MOBILIZE THE PRIVATE SECTOR TO PROMOTE INCLUSIVITY, SUSTAINABILITY, DYNAMISM AND TRUE INCLUSIVE CAPITALISM AROUND THE WORLD. THE COUNCIL WILL PROVIDE THOUGHT LEADERSHIP: EDUCATING OTHER BUSINESSES TO TAKE MORE RESPONSIBLE ACTIONS AND A FRAMEWORK TO DEMONSTRATE THEIR COMMITMENTS AND PROGRESS.

    Expenses $1,705,507

As filed on the 2023 return.

Listed in Part VII

  • LYNN FORESTER DE ROTHSCHILD

    DIRECTOR/CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL ARCHBOLD

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • CARLYN S MCCAFFREY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALEXANDRA ROGAN

    EMPLOYEE

    Total calculated
    $200,000
    From this org
    $200,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $200,000

  • JANET BATIBAY

    EMPLOYEE

    Total calculated
    $139,000
    From this org
    $139,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • BRIAN HARPER

    SENIOR ADVISOR

    Total calculated
    $125,000
    From this org
    $125,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • JONATHAN GRAJEDA

    SENIOR MANAGER

    Total calculated
    $110,000
    From this org
    $110,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • CARSON THAL

    DIRECTOR

    Total calculated
    $105,000
    From this org
    $105,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MEREDITH SUMPTER

    CEO/PRESIDENT

    Total calculated
    $250,000
    From this org
    $175,000
    From related orgs
    $75,000
    Other
    $0
    Hours/week
    28

    Schedule J breakdown matched by us

    Base
    $175,000 + $75,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $175,000 + $75,000 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE FOUNDATION REQUIRES WRITTEN APPROVAL BY THE BOARD OF DIRECTORS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO AND EXECUTIVE DIRECTOR.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
22 July 2024
IRS schema version
2023v5.1
Source object
202412119349300761

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