2022-11-14T07:49:22-08:00 2021-12-31 134036703 SCHALL & ASHENFARB CPAS LLC 307 FIFTH AVE 15TH FL NEW YORK NY 10016 990 2021-01-01 161756484 Foundation for the Global Compact FOUN 2129071309 685 Third Avenue 12th Floor New York NY 10017 Alex Stein Managing Dir. 2022-11-14 true Alex Stein 999009999 Michael Schall P02024184 2122682800 3 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z Alex Stein 685 Third Avenue 12th Floor New York NY 10017 26902167 false X www.globalcompactfoundation.org X 2006 NY The Foundation for Global Compact is a non profit organization established to help raise funds to support the work of the UN Global Compact Office and Global Compact-related activities. 5 5 66 5 0 24607673 26474639 852344 427164 509 364 0 25460526 26902167 3924894 4000000 0 7332964 6735573 0 638068 8860263 11656190 20118121 22391763 5342405 4510404 20407088 22314213 5808026 5980065 14599062 16334148 The Foundation for Global Compact is a non profit organization established to help raise funds to support the work of the UN Global Compact Office and Global Compact-related activities. false false 16409593 4000000 427164 The Foundation supported the UN Global Compact to plan and implement its programmatic goals. The UN Global Compact is the largest corporate sustainability initiative in the world, with more than 12,000 companies and 3,000 non-business signatories based in over 160 countries, and 69 Local Networks. Businesses that join the initiative commit at the CEO-level to align their corporate strategies and operations with Ten Principles on human rights, labour, environment and anti-corruption, and take actions to support the Sustainable Development Goals. Through providing authoritative guidance, training, tools and support, and connecting stakeholders across the globe, the UN Global Compact enables businesses of all sizes and from all sectors to achieve their sustainability objectives.The UN Global Compact has an enduring track record on delivering impact, and works alongside several strategic partners to do so, including the largest responsible investment and responsible management education initiatives in the world. The Principles for Responsible Investment (PRI) initiative is a network of international investors that counts more than 2,300 participants from the financial sector with more than US$ 86 trillion worth of assets under management. The Principles for Responsible Management Education (PRME) initiative is the largest responsible management education network in the world, working to transform business and management education, research and thought leadership globally, and educate tomorrows responsible business leaders.Change happens on the ground. To accelerate the transformation towards sustainable markets, the Global Compact is committed to helping companies make the Global Goals local business. Through its 69 Global Compact Local Networks, the UN Global Compact spans the world, working in both mature and emerging markets. In recent years, Local Networks in developing countries in particular have experienced significant growth. Through its Local Networks, businesses have a seat at the table to help solve social and environmental challenges and take action through public-private partnerships. Global Compact Local Networks are business-led, multi-stakeholder platforms that work directly with businesses to help them implement the Ten Principles of the UN Global Compact and advance the Sustainable Development Goals. Thanks to their local and regional expertise, Local Networks are uniquely positioned to help companies understand what responsible business means within different national, cultural and language contexts. They facilitate outreach, learning, policy dialogue, collective action and partnerships.To support companies everywhere in advancing the ambitions of the 2030 Agenda for Sustainable Development, the UN Global Compact has developed a portfolio of Action Platforms to advance responsible business activities and fill emerging gaps in meeting the Global Goals. Through these Action Platforms, the UN Global Compact invites businesses to collaborate with like-minded peers and experts to develop unique and innovative approaches to critical corporate sustainability issues. Rooted in the Ten Principles of the UN Global Compact, each Action Platform convenes representatives from business, Global Compact Local Networks, academia, civil society, Government and the United Nations to solve complex and interconnected issues, explore new market opportunities and innovate around the Global Goals the UN Global Compact.To deliver impact at scale, the UN Global Compact is working with its business participants at the country level through Local Networks to generate action through a series of Global Impact Initiatives that address key global challenges. Global Impact Initiatives are designed to accelerate action, scale and the mainstreaming of best practices, innovation and ambition to support the achievement of the Global Goals.Aims to mainstream the Sustainable Development Goals among businesses worldwide. Through implementing more innovative and ambitious business strategies and financial instruments, the initiative will encourage companies to think critically and creatively about their SDG impact. Ultimately, SDG Ambition seeks to challenge companies to accelerate global progress and impact to make the Global Goals a reality.Focuses on scaling up corporate climate action by raising awareness, showcasing a holistic approach to corporate climate action and supporting science-based target setting. As a complement to the Business Ambition for 1.5C Our Only Future campaign, it will encourage companies to align their climate targets with a 1.5C pathway through mitigation and adaptation measures. It will also emphasize the importance of ambition loops, where bold business leadership and bold Government policies reinforce each other. The end goal of Target Climate 1.5C is to facilitate a just transition of our global economy to a net-zero future by 2050.Calls on companies to identify young talent within their organizations to give the next generation of leaders an opportunity to collaborate with peers and accelerate business innovations to support the Global Goals. It aims to activate future business leaders and change makers to develop and drive bold solutions through new technologies, initiatives and business models that enable the private sector to be a powerful force for good. The Young SDG Innovators Program is designed to engage the brightest and best talent to deliver tangible innovations to support their companys sustainability objectives while also facilitating long-term business success.Supporting companies in setting and reaching ambitious corporate targets for womens representation and leadership across business and at all levels. Through facilitated performance analysis, capacity building workshops, peer to peer learning and multi-stakeholder dialogue at the country-level, it helps business deepen implementation of the Womens Empowerment Principles. The initiative also strengthens contributions to Sustainable Development Goal 5.5, which calls for womens full and effective participation and opportunity for leadership, including in economic life. As a Global Impact Initiative, it aims to accelerate the pace of progress on gender equality within the private sector. 16409593 true true false false false false false false false false true false false false true false false false false false false false false false false false false true false true false false false false false false false false false false false false false true true false false false true 47 0 true 66 true false false false false false false false 0 false false false false false false false X 5 5 false false false false false false false true false false false true true true true true true true false false NY X Alex Stein 2129071395 685 Third Avenue 12th Floor New York NY 10017 Alex Stein Managing Dir. 40.00 0.00 X 213573 0 15191 Sean Cruse - Head of Digital & Data 40.00 0.00 147950 0 19273 Courtney Mcneese SM Strategic Event 40.00 0.00 144289 0 16012 Claudia Kirkwald-Escobar SM Marketing 40.00 0.00 147128 0 12027 James Mbote SM Human Resources 40.00 0.00 121934 0 11841 Aude Naudet-Coquatrix SM Programs 40.00 0.00 124253 0 51 Sir Mark Moody-Stuart Chairman 2.00 0.00 X X 0 0 0 James V Kearney Director 2.00 0.00 X 0 0 0 Henrik O Madsen Director 2.00 0.00 X 0 0 0 Oliver F Williams Director 2.00 0.00 X 0 0 0 Joan G Rall Director 2.00 0.00 X 0 0 0 899127 74395 13 false true false Pacific Institute 344 20th Street Oakland NO Program support 1764000 The Boston Consulting Group Inc 200 Pier 4 Boulevard Boston NL Consulting 575000 Eudaimonic by Design Inc 407-195 St Patrick Street Toronto North America CA M5T 2Y8 HR, diversity & inclusion 272187 Gartner Inc 12651 Gateway Blvd Fort Myers FL 33913 Strategic planning 200000 Sturla Henriksen Kragstubben 32 Oslo NO 0783 Program support 189800 5 1112505 25362134 26474639 Event income 900099 427164 427164 427164 364 364 0 0 0 0 0 0 0 0 26902167 427164 364 X 4000000 4000000 0 0 0 228764 75492 77780 75492 0 4710299 3032238 1412839 265222 841886 535042 253405 53439 544015 342825 164118 37072 410609 258741 123873 27995 0 8793 8793 99164 99164 0 0 0 8004521 5798018 2175751 30752 0 0 98187 61871 29622 6694 0 1782678 1123332 537806 121540 49804 49804 0 0 0 0 213152 134315 64305 14532 6533 4117 1971 445 Event expenses 995187 995187 Printing and Publications 274326 274326 Postage and Shipping 71647 45147 21615 4885 Banking fees 48930 48930 3268 3268 22391763 16409593 5344102 638068 1578991 7156115 3861392 4713226 13769747 9432161 0 0 0 0 0 59150 819802 1434403 1241494 385262 192909 0 0 0 0 752546 0 20407088 22314213 1307508 3081159 1112505 3388013 2898906 5808026 5980065 X 11913927 13649013 2685135 2685135 14599062 16334148 20407088 22314213 4510404 -2775318 X false false false X 11096275 14542167 16839189 24607673 26474639 93559943 0 0 11096275 14542167 16839189 24607673 26474639 93559943 900339 92659604 2013 2015 1874 509 364 6775 0 28361 28361 93595079 3607072 0.99000 0.99300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 392163 303478 88685 1042240 938016 104224 192909 Deferred Rent 1650380 Due to Local Networks 1248526 2898906 true UN Global Compact 685 Third Avenue New York NY 10017 4000000 0 Operating support 0 1 Additional Supplemental Information The Global Compact Foundation (the Foundation) supports the work of the Global Compact Initiative, which is managed by a United Nations entity (Global Compact Office). The Foundations main functions are fundraising to support the Global Compact Initiative, providing financial and program support for the Global Compact Initiative and its activities, and promotion and advocacy of the Global Compact Initiative and its principles. The Foundation provided grants to cover a portion of the operating expenses of the Global Compact Office. These costs are considered program activity of the Foundation. X X X false false false false false false false false false Alex Stein Managing Dir. 213573 15120 71 228764 Claudia Kirkwald-Escobar SM Marketing 147128 12027 159155 Courtney Mcneese SM Strategic Event 144289 3950 12062 160301 Sean Cruse - Head of Digital & Data 147950 7226 12047 167223 Form 990, Part VI, Line 11b: Form 990 Review Process The Form 990 was sent to the full board of directors via e mail prior to being filed with the IRS. All directors were afforded the opportunity to ask questions and offer edits. The decision of whether to make edits was made by the staff person in charge of finances within the organization in conjunction with consultation with our tax preparer. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The organization has a board approved conflicts of interest policy. Each board member must fill out an annual declaration stating they had no conflicts or identifying the nature of their interested party transactions. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management Members of the Board reviewed and considered the salaries of comparable positions. Based on its understanding of comparable salaried positions, the Board approved the contract with the amount of compensation for the Managing Director. This process was documented over email. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Members of the Board reviewed and considered the salaries of comparable positions. Based on its understanding of comparable salaried positions, the Board approved the contract with the amount of compensation for the Director of Administration and Managing Director. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Financial statements are available upon request. Corp Sustainability Solutions LLC 2711 Centerville Rd Suite 400 Wilmington DE 19808 471448199 Establish financial index DE NA LLC 1.00000 true false false false false false false false false false false false false false false false false false false false