Council For Inclusive Capitalism Inc
- Assets
- $907.6k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- Data as of
- 12/2021
- EIN
- 83-4368823
Organization Overview
Council For Inclusive Capitalism Inc is located in New York, NY. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Council For Inclusive Capitalism Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Council For Inclusive Capitalism Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Council For Inclusive Capitalism Inc generated $2.1m in total revenue. All expenses for the organization totaled $1.6m during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meredith Sumpter Director/president | Officer | 40 | $175,000 |
Alexandra Rogan Employee | 40 | $170,000 | |
Janset Batibay Employee | 40 | $135,000 | |
Amanda Byrd Employee | 40 | $105,000 | |
Michael Archbold Director/secretary | Officer | 1 | $0 |
Carlyn S Mccaffrey Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,100,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,100,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,100,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,147,823 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,330 |
| Payroll taxes | $85,255 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $371,523 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,785 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,641,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $807,589 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100,000 |
| Total assets | $907,589 |
| Accounts payable and accrued expenses | $37,954 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $37,954 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $869,635 |
| Total liabilities and net assets/fund balances | $907,589 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Council For Inclusive Capitalism Inc has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
Towerbrook Foundation New York, NY PURPOSE: FOR GENERAL OPERATING SUPPORT | $100,000 |
Rockefeller Foundation New York, NY PURPOSE: IN GENERAL SUPPORT OF ITS MISSION TO BUILD A MORE INCLUSIVE, SUSTAINABLE, AND TRUSTED ECONOMIC SYSTEM | $100,000 |
Ford Foundation New York, NY PURPOSE: CORE SUPPORT TO CONVENE GLOBAL BUSINESS, INVESTMENT, AND POLICY LEADERS, AND EXPERTS TO FOSTER INCLUSIVE, SUSTAINABLE, AND DYNAMIC ECONOMIC ECOSYSTEMS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Cargo Bureau Inc New York, NY | $143,044,465 | $25,246,803 |
Effie Worldwide Inc New York, NY | $5,194,477 | $9,012,893 |
Association For Iron And Steel Technology Warrendale, PA | $25,867,856 | $8,482,182 |
Association Of Junior Leagues International Inc New York, NY | $6,233,949 | $6,169,858 |
Pennsylvania Municipal League Harrisburg, PA | $4,038,620 | $4,353,678 |
General Contractors Association Of N Y Inc New York, NY | $5,224,579 | $3,924,601 |
Associated Construction Contractors Of New Jersey Inc Edison, NJ | $3,469,293 | $3,847,695 |
Continuing Care Leadership Coalition Inc New York, NY | $0 | $1,160,487 |
Metropolitan Marine Maintenance Contractors Association Inc Rutherford, NJ | $14,907,336 | $3,346,080 |
United Assoc Of Journeymen And Apprentices Of Plumbing & Pipefit Glens Falls, NY | $19,592,168 | $3,249,333 |
Northeast Business Group On Health Inc New York, NY | $2,773,628 | $2,187,232 |
Pennsylvania Surplus Lines Association Exton, PA | $6,353,987 | $2,358,445 |