2019-11-11T16:10:23-08:00 2018-12-31 680260103 Regalia & Associates CPAs 103 Town Country Dr Ste K Danville CA 94526 990 2018-01-01 452883197 The SASB Foundation prev Sustainability Actg Standards Board SASB 4158309220 1045 Sansome Street San Francisco CA 94111 Matthew Welch President 4158309220 2019-11-11 true Douglas W Regalia P00186389 9253140390 2018 2020-01-14 16:20:31Z Matthew Welch 1045 Sansome Street 450 San Francisco CA 94111 14713085 false false X www.sasb.org X 2011 CA The mission of the Sustainability Accounting Standards Board (SASB) Foundation is to establish and maintain dis- closure standards regarding sustainability matters that facilitate communication by companies to investors of decision-useful information. [continued Schedule O] 19 18 43 50 0 7488864 13346723 754961 1364047 1588 1019 16168 1296 8261581 14713085 0 0 4274245 5095386 0 828334 2137544 2791417 6411789 7886803 1849792 6826282 4604037 12659949 4117122 5390972 486915 7268977 Refer to Form 990 Page 1 Part 1 with continuation on Schedule O. false false 5822384 1365343 SASB envisions a world where all forms of capital are accounted for and managed. With SASB industry-specific standards in place, companies compete and improve performance on the sustainability issues that matter most and investors drive capital to the most sustainable outcomes. SASB defines sustainability as environmental, social and governance factors that have the potential to affect long-term value creation and/or are in the publics interest.SASB is accomplishing this through intensive evidence-based research of material issues within industry; convening working groups to establish accounting metrics; partnering with the accounting profession to develop auditing protocols; and providing education with regard to recognition and accounting of material non-financial issues. SASB is not affiliated with FASB, GASB, IASB or any other accounting standards boards. SASBs mission is a natural evolution in the history of corporate reporting. SASB is continuing the tradition of disclosure to identify and inform investors of material information, and extending it to environmental, social and governance factors. Sustainability accounting standards are intended as a complement to financial accounting standards, such that financial fundamentals and sustainability fundamentals can be evaluated side by side to provide a complete view of a corporations performance.During the year ended December 31, 2018, SASB was the recipient of certan pro-bono and in-kind services which amounted to $552,716. These in-kind amounts have been excluded from revenues and expenses in the tax return in accordance with instructions from the Internal Revenue Service. 5822384 true true false true false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false true false true false true false false false false false false false false false true 20 0 true 43 true false false false false false false true true false 0 false false false false false false false false false false false false X 19 18 true false true false false false false true true false false true true true true true true true true false AK AL AR CA CO CT DC FL GA HI IL KS KY LA MA MD ME MI MN MO MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV X X Matthew Welch President 4158309220 1045 Sansome Street 450 San Francisco CA 94111 X Robert Steel Chair 4.00 0.00 X X 0 0 0 Mary Schapiro Vice Chair 4.00 0.00 X X 0 0 0 Steve Gunders Officer 3.00 0.00 X X 0 0 0 Elisse Walter Officer 3.00 0.00 X X 0 0 0 Alan Beller Director 3.00 0.00 X 0 0 0 Rudi Bless Director 2.00 0.00 X 0 0 0 Audrey Choi Director 2.00 0.00 X 0 0 0 Jack Ehnes Director 3.00 0.00 X 0 0 0 Kenneth Goldman Director 2.00 0.00 X 0 0 0 Robert Herz Director 2.00 0.00 X 0 0 0 Shawn Lytle Director 2.00 0.00 X 0 0 0 James McIntire Director 3.00 0.00 X 0 0 0 Clara Miller Director 3.00 0.00 X 0 0 0 Kevin Parker Director 2.00 0.00 X 0 0 0 Curtis Ravenel Director 2.00 0.00 X 0 0 0 Matthew Welch President 40.00 0.00 X X 331027 0 19735 Laura Tyson Director 2.00 0.00 X 0 0 0 Jay Willoughby Director 2.00 0.00 X 0 0 0 Chuck Zegar Director 2.00 0.00 X 0 0 0 David Post Dir of Research 40.00 0.00 X 231264 0 28585 Nicolai Lundy Dir of Education 40.00 0.00 X 148459 0 21861 Anne Marie Fell Dir of Advancement 40.00 0.00 X 179701 0 17794 Janine Guillot Dir of Cap Mkts 32.00 0.00 X 181978 0 31133 Madhu Mathew Dir of Technology 40.00 0.00 X 160136 0 18500 Lily Steinbach Finance Director 40.00 0.00 X 65334 0 0 Jean Rogers Chair-Standards Board 40.00 0.00 X 469535 0 0 1767434 137608 16 true true false Egon Zehnder International 100 Pine Street 3100 San Francisco CA 94111 Consulting 156872 Rogers Associates LLC 25 Ascot Court Oakland CA 94611 Consulting 106508 Deloitte Consulting LLP 555 Mission Street San Francisco CA 94105 Consulting 312777 3 13346723 13346723 Programs/earned income 541200 1364047 1364047 1364047 1019 1019 0 0 0 0 0 0 0 Other Income 541200 1296 1296 1296 14713085 1365343 1019 X 0 0 0 0 331027 266651 42601 21775 0 3968087 3165728 258249 544110 305789 244139 21399 40251 169425 135268 11856 22301 321058 256330 22467 42261 0 44820 44820 125432 125432 0 0 0 913056 540531 322396 50129 10916 10916 31940 16231 1997 13712 39453 31235 3615 4603 0 218025 175310 27337 15378 355252 274165 60347 20740 0 100516 86138 10776 3602 0 0 88025 69125 8366 10534 50214 39433 4772 6009 Other Personnel Costs 287609 28764 238601 20244 Annual software subscriptions 252873 231929 10069 10875 Cost of earned revenue 153415 153415 Product Development 44998 44998 74873 52078 20985 1810 7886803 5822384 1236085 828334 346079 406946 1207700 1533888 2655087 9249994 0 0 0 0 0 181726 248256 417653 313922 170795 103731 0 0 0 0 42650 1117134 4604037 12659949 254542 221039 255493 500305 3000000 3000000 607087 1669628 4117122 5390972 X -2163072 -3489295 2649987 10758272 486915 7268977 4604037 12659949 X 6826282 -44220 X false true X true false X 5166555 8085772 2547425 7488864 13346723 36635339 0 0 5166555 8085772 2547425 7488864 13346723 36635339 13263758 23371581 320 1134 781 1588 1019 4842 0 16839 11275 6296 16168 1296 51874 36692055 2551589 0.63700 0.64590 X false false 7886803 7886803 544340 136085 false 440030 433146 544340 1417516 2126274 110008 108287 136085 354380 531570 417653 313922 103731 103731 Other Assets 64350 Right of use asset - premises 1052784 1117134 Accrued payroll liabilities 616844 Lease payable 1052784 1669628 X 7113297 552716 2822496 3375212 3738085 10975000 10975000 14713085 8439519 552716 552716 7886803 7886803 Part X : FIN48 Footnote Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, SASB is required to report information regarding its exposure to various tax positions taken by the organization and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that SASB has adequately evaluated its current tax positions and has concluded that as of December 31, 2018, SASB does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.SASB has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. This exemption is subject to periodic review by the federal and state taxing authorities and management is confident that the organization continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. SASB may periodically receive unrelated business income such as sublease rent requiring the organization to file separate tax returns under federal and state statutes. Under such conditions, SASB calculates and accrues the applicable taxes payable. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Net assets released from restrictions $2822496 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S Temporarily Restricted Contributions $10975000 X X X X true false false false false false false true false false Anne Marie Fell Dir of Advancement 179701 17794 197495 David Post Dir of Research 231264 22769 5816 259849 Janine Guillot Dir of Cap Mkts 181978 24500 6633 213111 Jean Rogers Chair-Standards Board 238535 75000 156000 469535 Lily Steinbach Finance Director 65334 65334 Madhu Mathew Dir of Technology 160136 18500 178636 Matthew Welch President 256027 75000 18500 1235 350762 Nicolai Lundy Dir of Education 148459 18083 3778 170320 Part I, Line 7: Non-Fixed payments not listed above Certain employees received bonus payments in accordance with provisions established by the Board of Directors. Bloomberg Philanthropies Frmr Chair Operations X 3000000 3000000 false true true 3000000 Jean Rogers Former Employee 106508 Consulting Services false Form 990, Part VI, Line 1a: Explanation of Delegated Broad Authority to Committee In accordance with common practice in the nonprofit community, the Board delegates certain matters to various Committees which are empowered to act between board meetings if necessary, and sometimes with specifically delegated authority to act in particular areas on behalf of the full board. The composition of the various committees includes certain members of the organization's board. Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et Director Robert Herz is on the board for Morgan Stanley and Director Audrey Choi is an employee of Morgan Stanley. Curtis Ravenel and Mary Schapiro both worked for Bloomberg LP and Bloomberg Philanthropies (a separate entity) is a major funder of SASB. Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents During 2018, some updates were made to the bylaws to better define the processes between the Foundation Board, Standards Board, and staff. Form 990, Part VI, Line 11b: Form 990 Review Process FORM 990 IS PREPARED BY AN OUTSIDE TAX PROFESSIONAL. THE FORM IS THEN REVIEWED BYTHE ORGANIZATION'S MANAGEMENT, A MEMBER OF THE BOARD OF DIRECTORS, AND THE PRESIDENT. THIS GROUP OF INDIVIDUALS THEN DISCUSSES THE CONTENTS OF THE RETURN WITH THE OUTSIDE TAX PROFESSIONAL. AFTER A FULL REVIEW, THE FINAL VERSION OF THE TAX RETURN IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S VOTING BODY. A REPRESENTATIVE OF MANAGEMENT AUTHORIZES THE FINAL FORM 990 WHICH IS THEN E-FILED WITH THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts MEMBERS OF THE BOARD OF DIRECTORS REVIEW ALL POTENTIAL CONFLICTS OF INTEREST ATLEAST ANNUALLY. ALL PERSONNEL AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE (INWRITING) POTENTIAL CONFLICTS AND ANY RELATED PARTY AFFILIATIONS. loans from the organization to management or directors are prohibited. THE ORGANIZATION SEEKS FULL TRANSPARENCY ON ALL RELATIONSHIPS. ANY POTENTIAL CONFLICTS (IN FACT OR APPEARANCE) ARE DISCUSSED OPENLY AND RESOLVED IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES AND PROCEDURES. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The compensation committee of the board REVIEWs THE COMPENSATION OF ALL HIGH-LEVEL PERSONNEL PERIODICALLY IN ACCORDANCE WITH IRS RULES AND REGULATIONS. EFFORTS ARE MADE TO SECURE COMPENSATION DATA FROM INDUSTRY SOURCES IN ORDER TO DETERMINE COMPETITIVENESS AND APPROPRIATENESS OF SALARIES. EVERY EFFORT IS MADE TO ENSURE THAT THE PROCESS IS THOROUGH AND TRANSPARENT IN ACCORDANCE WITH IRS GUIDELINES AND THE ORGANIZATION'S POLICIES AND PROCEDURES. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees COMPENSATION OF OTHER HIGH-LEVEL PERSONNEL AND KEY EMPLOYEES IS REVIEWED PERIODICALLY BY the compensation committee of the Board. EFFORTS ARE MADE TO SECURE COMPENSATION DATA FROM INDUSTRY SOURCES IN ORDER TO DETERMINE COMPETITIVENESS AND APPROPRIATENESS OF SALARIES AND ALL RELATED BENEFITS. ALL DECISIONS ARE THEN DOCUMENTED IN PERSONNEL FILES. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available ALL OF THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND OTHER LEGALFILINGS ARE MAINTAINED IN A SECURE ENVIRONMENT AND HELD AVAILABLE FOR INSPECTION BYTAX AUTHORITIES AND THE GENERAL PUBLIC. TAX RETURNS ARE available to the general public for download at various third-party websites such as www.guidestar.org and www.charitynavigator.org, among others. Tax returns ARE ALSO AVAILABLE FOR A PHYSICAL INSPECTION AT THE ORGANIZATION'S OFFICE IN SAN FRANCISCO, CALIFORNIA. Other Changes In Net Assets Or Fund Balances - Other Decreases Change in discount on long-term receivables = -$44220 Mission Statement [continued from Form 990 Page 1] Such information should be relevant, reliable and comparable across companies on a global basis.The SASB Foundation envisions an investment universe where a shared understanding of companies sustainability performance enables companies and investors to make informed decisions that drive improved sustainability outcomes and thereby lead to improved long-term value creation.The SASB Foundation has established an independent standard-setting arm, the Sustainability Accounting Standards Board, that sets sustainability disclosure standards that are industry-specific and tied to the concept of materiality to investors under the U.S. federal securities laws. The standards are intended to capture sustainability matters that are financially material -- reasonably likely to have a material impact on financial performance or condition. Standard-setting is accomplished through a rigorous process that includes evidence-based research and broad, balanced stakeholder participation.Disclosure to investors under our standards should be made under systems of governance and controls that are consistent with those used generally in connection with company disclosures of material information to investors. Given today's world of multiple channels of company communications to investors, disclosure of this information may be made in a variety of ways, including regulatory filings.The SASB Foundation also provides education and other resources that advance use and understanding of our standards.