Form 990 for tax year 2022

Totals

Total revenue

$21,504,229

Total expenses

$20,377,515

Contributions and grants received

$21,504,229

Grants paid

$10,942,901

Program service revenue

$0

Investment income

$0

Other revenue

$0

Total assets, end of year

$24,933,471

Total liabilities, end of year

$8,843,436

Net assets or fund balances, end of year

$16,090,035

Program services expenses (Part IX)

$17,783,599

Management and general expenses

$2,325,856

Fundraising expenses

$268,060

Program service expenses (Part III)

$17,783,599

Program services were 87.3% 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.

Mission and programs · 2022

• GRANTS AND PARTNER WORKWE MEAN BUSINESS COALITION RECEIVES AND DISBURSES GRANT SUPPORT FROM OUR FUNDERS TO THE GRANTEES. THROUGHOUT THE FULL PROCESS OF GRANTING FUNDS, THE WMBC WORKS VERY CLOSELY WITH EACH STAKEHOLDER COMMUNITY TO EXECUTE THE COALITION'S STRATEGY - THE BOARD OF DIRECTORS, REGRANTS COMMITTEE, AND GRANTEES.

  Expenses $10,942,901 · Grants $10,942,901

• COMMUNICATIONSTHE WMBC COMMUNICATIONS TEAM WORKS WITH A GRANTEES TO FOCUS ON THE DELIVERY OF THE COALITION COMMUNICATIONS STRATEGY, INCLUDING SHIFTING THE NARRATIVE ON BUSINESS AND CLIMATE CHANGE TO TELL INSPIRING STORIES OF SYSTEMS CHANGE, DELIVERING POWERFUL MESSAGES FROM BUSINESS TO POLICYMAKERS TO BOLSTER CLIMATE POLICY IN PRIORITY GEOGRAPHIES, AND SUPPORTING THE STRENGTHENING OF WHAT CORPORATE CLIMATE LEADERSHIP MEANS.

  Expenses $2,436,398

• POLICY THE COALITION HAS ALSO TRANSLATED PROGRESSIVE POLICY CHANGE BACK TO COMPANIES AS A CATALYST FOR INCREASING THEIR OWN LEVEL OF AMBITION. THUS, A VIRTUOUS CIRCLE BETWEEN ADVOCACY AND ACTION IS CREATED. IN THIS NEW CYCLE, THE COALITION WILL BROADEN ITS POLICY INFLUENCE BEYOND CLIMATE POLICY MAKERS TO FINANCE, INDUSTRY, TRANSPORT AND AGRICULTURE MINISTRIES. WHETHER PROCUREMENT OR TRADE POLICIES, INTERNATIONAL COOPERATION, STIMULUS PACKAGES OR ECONOMIC FRAMEWORKS, THE COALITION WILL SEIZE OPPORTUNITIES TO INFLUENCE POLICY RELATED TO OUR STRATEGIC PILLARS.

  Expenses $2,091,928

• SYSTEMS TRANSFORMATIONTHE COALITION HAS CREATED SYSTEMS-BASED TRANSFORMATION TEAMS TO BRING PARTNER AND WMBC SECRETARIAT STAFF TOGETHER TO FOCUS ON TRANSFORMATION OF SPECIFIC MARKET SYSTEMS. THE PURPOSE OF THE TRANSFORMATION TEAM'S IS TO CO-CREATE AND CO-DELIVER ON OUR SHARED STRATEGY AND ACCELERATE RADICAL COLLABORATION THROUGHOUT THE WMB COALITION. THE TEAMS ARE IMPACT FOCUSED, LEVERAGING OUR EXISTING STRENGTHS TO CREATE AN ALIGNED ECOSYSTEM TO ACHIEVE BOLD SYSTEMS TRANSFORMATION. THROUGH THE TEAMS, WE SHARE IDEAS AND KNOWLEDGE, FOSTER GREATER CONNECTIVITY AND COLLABORATION, AND IDENTIFY AND ADVANCE ON SHARED PROGRAMMATIC WORK FOR GREATER IMPACT.BY COORDINATING WORK ON CORPORATE ENGAGEMENT, ACTION, POLICY AND COMMUNICATIONS WITHIN SYSTEMS, THE TEAMS SEEK TO ENHANCE THE COALITION'S ABILITY TO DEVELOP AND IMPLEMENT STRATEGIES THAT WILL ACHIEVE "NORTH STAR" GOALS FOR EACH SYSTEM.

  Expenses $1,256,074

• NET ZEROWMBC WORKS TO TO DRIVE BUSINESS MOBILIZATION BEHIND 1.5C AND NET ZERO AND MOVING FROM AMBITION TO ACTION. PROGRAMS TO DRIVE BUSINESS MOBILIZATION INCLUDE SBTI, THE CLIMATE PLEDGE, AND SME CLIMATE HUB.

  Expenses $1,056,298

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

• CERES INC

  $1,074,800

  GRANT TO SUPPORT CLIMATE CHANGE PROJECT

• ROCKEFELLER PHILANTHROPY ADVISORS

  $942,667

  GRANT TO SUPPORT CLIMATE CHANGE PROJECT

• B TEAM HEADQUARTERS INC

  $596,000

  GRANT TO SUPPORT CLIMATE CHANGE PROJECT

• BUSINESS FOR SOCIAL RESPONSIBILITY

  $491,500

  GRANT TO SUPPORT CLIMATE CHANGE PROJECT

• FUTURE STEWARDS INC

  $448,000

  GRANT TO SUPPORT CLIMATE CHANGE PROJECT

Provenance

Return type

form_990

Tax year

2022

Filed

7 November 2023

IRS schema version

2022v5.0

Source object

202313119349302716

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