2018-08-22T11:35:25-05:00 2017-10-31 263753134 CBIZ MHM LLC 500 Boylston Street Boston MA 02116 990 2016-11-01 223053747 ceres inc CERE 6172470700 99 chauncy street 6th floor boston MA 021111703 susan boyer cfo 6172470700 2018-08-14 1 Brenda L Booth P01342395 6177610600 2018-08-14 2016 2022-09-23 18:48:47Z ceres mindy lubber 99 chauncy street 6th floor boston MA 021111703 18049241 0 X WWW.ceres.org X 1990 MA CERES WORKS TO ADVANCE SUSTAINABILITY LEADERSHIP AMONG INVESTORS, COMPANIES AND CAPITAL MARKET INFLUENCERS TO DRIVE SOLUTIONS AND TAKE STRONGER ACTION ON THE WORLD'S BIGGEST SUSTAINABILITY CHALLENGES, INCLUDING CLIMATE CHANGE, WATER SCARCITY AND POLLUTION, AND HUMAN RIGHTS ABUSES. 21 20 119 43 0 0 11744267 14577589 3642789 3208592 5876 29929 1705 50571 15394637 17866681 224819 721553 0 0 7580358 9291105 0 0 1100389 4259624 4924973 12064801 14937631 3329836 2929050 13173421 17190782 2168985 3257296 11004436 13933486 X Ceres mission is to transform the economy to build a sustainable future for people and the planet. Ceres works with the most influential investors and companies to build leadership and drive solutions throughout the economy. Through powerful networks and advocacy, Ceres tackles the world's biggest sustainability challenges, including climate change, water scarcity and pollution, and human rights abuses. 0 0 2924961 156000 177521 Water and food: see schedule oWater and food: Ceres promotes capital market solutions to the global water crisis by accelerating company and investor leadership on sustainable water management, through cutting-edge research and policy advocacy. Ceres water program hones in on the food sector, which uses 70 percent of the world's freshwater, largely in agricultural supply chains. As part of this effort, Ceres and World Wildlife Federation launched an AgWater Challenge, an effort in which leading food & beverage companies announce new commitments to accelerate stronger water stewardship with growers in their global supply chains. From a policy perspective, we focus on California, where our Connect the Drops campaign brings business and investor communities together to advocate sustainable water policies in that water-challenged state. fundamental to our work, we drive systemic change by leveraging the power of institutional investors to promote better corporate water stewardship. Ceres developed the Investor Water Toolkit, the ultimate guide for water integration in investment portfolios. To address climate change, water scarcity and human rights challenges in food supply chains, Ceres also works to drive large-scale changes in the way food is produced and sourced. We are working with the world's largest institutional investors to help them better understand how these pressures present risks and opportunities for global food and beverage companies. 2737922 381370 624877 SUSTAINABLE CAPITAL MARKETS: SEE SCHEDULE OSUSTAINABLE CAPITAL MARKETS: CERES MOBILIZES INFLUENTIAL FINANCIAL MARKET ACTORS TO PROMOTE AND INTEGRATE SUSTAINABILITY INTO INVESTMENT DECISION-MAKING, CORPORATE PRACTICES AND PUBLIC POLICY. THE AIM IS HAVING INVESTORS, COMPANIES AND POLICYMAKERS SHIFT FROM SHORT-TERM TO LONGER-TERM THINKING BY FOCUSING ON INCENTIVES, POLICIES AND REGULATIONS THAT ACCELERATE LOW-CARBON BUSINESS PRACTICES. SUCH ACTIONS WILL MITIGATE LONG-TERM THREATS POSED BY GLOBAL CLIMATE CHANGE AND PROMOTE THE TRANSITION TO A LOW CARBON ECONOMY. CERES DIRECTS THE CERES INVESTOR NETWORK ON CLIMATE RISK AND SUSTAINABILITY, A GROWING NETWORK OF OVER 150 INSTITUTIONAL ASSET OWNERS AND INVESTMENT MANAGERS THAT COLLECTIVELY MANAGE MORE THAN $24 TRILLION OF ASSETS. CERES HAS NUMEROUS INVESTOR NETWORK WORKING GROUPS THAT ARE ACTIVE ON CARBON ASSET RISK, SUSTAINABLE WATER MANAGEMENT, POLICY ENGAGEMENT AND GREEN BONDS. CERES CONVENES A BIENNIAL INVESTOR SUMMIT ON CLIMATE RISK AT THE UNITED NATIONS. TO FOSTER STRONGER CORPORATE ACCOUNTABILITY TO SHAREHOLDERS ON ISSUES OF CLIMATE AND SUSTAINABILITY, CERES COORDINATED AND/OR TRACKED 182 SHAREHOLDER RESOLUTIONS IN 2017, OF WHICH 72 WERE WITHDRAWN FOLLOWING NEGOTIATED COMMITMENTS FOR IMPROVEMENT. 4 OF THE RESOLUTIONS ALSO RECEIVED MAJORITY VOTES. THESE INCLUDED MAJORITY VOTES FOR 2 DEGREE SCENARIO PLANNING RESOLUTIONS FILED WITH EXXONMOBIL, OCCIDENTAL PETROLEUM AND PPL, CORPORATION AND A MAJORITY VOTE ON A RESOLUTION REQUESTING COMPREHENSIVE ANNUAL SUSTAINABILITY REPORTING BY PIONEER NATURAL RESOURCES. 2521920 52000 1655462 Sustainable Business Strategies: See schedule oSustainable Business Strategies: Ceres aims to integrate sustainability into company performance by scaling up positive social, environmental and economic results in all areas of the business, from the boardroom to operations, including supply chains. The Ceres Company Network includes 50+ companies from two-dozen industries, including market leaders in technology, insurance, footwear & apparel, food & beverage, transportation, electric utilities and financial services. Roughly one-half of companies in the Ceres Network are in the Fortune 500. Network companies make commitments to stakeholder engagement, public disclosure, and bottom-line sustainability performance improvements, as outlined in the Ceres-authored The 21st Century Corporation: The Ceres Roadmap for Sustainability. 2142143 132183 676708 POLICY: THROUGH ITS POLICY PROGRAM, CERES AIMS TO STRENGTHEN CLIMATE AND CLEAN ENERGY POLICIES AT THE STATE, FEDERAL AND INTERNATIONAL LEVELS, WHICH WILL FACILITATE THE FASTER TRANSITION TO A CLEAN ENERGY GLOBAL ECONOMY. WORKING IN A BI-PARTISAN MANNER, CERES BRINGS THE VOICES OF BUSINESSES AND INVESTORS TO ADVOCATE IN WASHINGTON, DC AND IN KEY STATES ACROSS THE COUNTRY FOR CLIMATE AND ENERGY POLICIES TO STRENGTHEN OUR ECONOMY, REDUCE GREENHOUSE GAS EMISSIONS AND PROVIDE JOBS. CERES DIRECTS THE BUSINESS FOR INNOVATIVE CLIMATE AND ENERGY POLICY (BICEP) COALITION, COMPRISED OF 48 COMPANIES INCLUDING A RANGE OF WELL-KNOWN CONSUMER BRANDS. IN NOVEMBER 2016, ON THE HEELS OF THE SURPRISING PRESIDENTIAL VICTORY BY DONALD TRUMP, CERES HELPED ORGANIZE MORE THAN 365 COMPANIES TO ISSUE A PUBLIC STATEMENT CALLING ON THE PRESIDENT-ELECT TO NOT BACK OUT OF THE PARIS CLIMATE AGREEMENT AND TO CONTINUE SUPPORT FOR LOW-CARBON POLICIES IN THE UNITED STATES. CERES ALSO MOBILIZED NUMEROUS BUSINESSES TO SUPPORT KEY CLEAN ENERGY POLICIES IN VARIOUS STATES, INCLUDING OHIO, MICHIGAN AND VIRGINIA, AS WELL AS THE NORTHEAST AND MID-ATLANTIC STATES WHICH HAVE A REGIONAL CARBON-REDUCING AGREEMENT IN PLACE KNOWN AS THE REGIONAL GREENHOUSE GAS INITIATIVE. CERES IS CO-COORDINATING THE WE ARE STILL IN EFFORT WITH 20+ CLIMATE AND SUSTAINABILITY FOCUSED NGO'S. SINCE PRESIDENT TRUMP PULLED THE UNITED STATES OUT OF THE PARIS CLIMATE AGREEMENT OVER 2,700 LEADERS FROM AMERICA'S CITY HALLS, STATE HOUSES, TRIBES, BOARDROOMS, COLLEGES, INVESTORS AND FAITH COMMUNITIES HAVE SIGNED A DECLARATION THAT THEY WILL CONTINUE TO SUPPORT CLIMATE ACTION TO MEET THE PARIS AGREEMENT. 2295868 154355 Climate and Clean Energy: Ceres promotes a sustainable global economy by championing low-carbon business, investor, and policy solutions to drive economic resilience and mitigate the impacts of climate change. The goal is to reduce reliance on unsustainable energy options, such as high-polluting oil and coal, while championing resilient, low-carbon electric power and transportation options, energy efficiency and other business and investor solutions at the speed and scale necessary to avoid the worst impacts of climate change. Ceres convenes investors, technical experts, and representatives from energy intensive sectors to identify and advance clean energy and climate-resilient solutions. Throughout 2017, Ceres helped build the business case for clean energy transition in the United States through cutting-edge analysis and reports demonstrating the feasibility of carbon pollution reductions by electric utilities, as well as clean transportation. 4438011 132183 831063 12622814 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 1 1 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 48 0 1 119 1 0 0 0 0 0 1 1 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NY CA AL AK AZ AR CO CT FL GA IL KS ME MD MI MN KY MO NH NJ NM MS OH OK OR PA NC SC TN UT VA RI WV WI WA DC X X X GABRIELA GOFF controller 6172470700 99 chauncy street 6th floor boston MA 021111703 X Anne Stausboll chair 5.00 X X 0 0 0 Barney Schauble Vice chair 5.00 X X 0 0 0 Alisa Gravitz Treasurer 5.00 X X 0 0 0 Douglas Husid Secretary 5.00 X X 0 0 0 Norman Dean Director 5.00 X 0 0 0 Thomas DiNapoli Director 5.00 X 0 0 0 Jack Ehnes Director 5.00 X 0 0 0 Michel Gelobter Director 5.00 X 0 0 0 Julie Gorte PhD Director (until 10/13/17) 5.00 X 0 0 0 Rebecca Henderson Director 5.00 X 0 0 0 Denise Nappier Director 5.00 X 0 0 0 Janet Ranganathan Director 5.00 X 0 0 0 Peter Rosenblum Director 5.00 X 0 0 0 Tedd Saunders Director 5.00 X 0 0 0 Alicia Seiger Director 5.00 X 0 0 0 Damon Silvers Director 5.00 X 0 0 0 Adele Simmons Director 5.00 X 0 0 0 Scott Stringer Director 5.00 X 0 0 0 Ion Yadigaroglu Director 5.00 X 0 0 0 Betty Yee Director 5.00 X 0 0 0 Marcia Bateson Director (until 12/31/17) 5.00 X 0 0 0 Ashok Gupta Director (until 4/29/17) 5.00 X 0 0 0 Carl Pope Director (until 4/29/17) 5.00 X 0 0 0 Mindy Lubber President 40.00 X X 213276 0 36367 Susan Sayers Chief Development Officer 40.00 X 185735 0 28405 Dawn Martin COO 40.00 X 168385 0 15904 Gordon MacFarland CFO (until November 2017) 40.00 X 130809 0 14463 Susan Boyer CFO (from August 2017) 40.00 X 0 0 0 Anne Kelly Sr. Program Dir., Policy & BICEP Program 40.00 X 124961 0 6774 Hilary Forbes Sr. Dpt. Dr., HR & Operations 40.00 X 124016 0 13571 Susan Reid VP, Climate & Energy 40.00 X 123924 0 11006 christopher davis Sr. Program Dir., Investor Program 40.00 X 116692 0 27935 David Ziv-Kreger Sr. Dir., Foundation Development 40.00 X 115664 0 26107 1303462 0 180532 16 0 1 0 Garland Building Company LLC one liberty square suite 210 boston MA 02109 construction 1266227 tech superpowers llc 1280 massachusetts avenue suite 41 cambridge MA 02138 tech support 209448 2 233440 14344149 104686 14577589 membership dues 900099 2298133 2298133 conf. fees & Spons. 900099 805459 805459 fee for service 900099 105000 105000 3208592 35259 35259 105295 104686 5939 609 -5939 -5330 -5330 42175 233440 71935 -29760 -29760 honararia 900099 41275 41275 reimbursements/revenue 900099 39056 39056 80331 17866681 3288923 0 169 162183 162183 559370 559370 1303163 702835 375220 225108 6194941 5338415 373410 483116 238338 192158 24223 21957 976159 785807 99846 90506 578504 466413 58795 53296 12027 2500 9527 64247 64247 55987 55987 1044372 1004354 16013 24005 106829 106829 428313 334623 28169 65521 239059 209415 14620 15024 610426 499977 59050 51399 570365 538007 7404 24954 776966 751961 9907 15098 335222 269887 34930 30405 research/writing 582309 578409 3900 fiscal sponsorship 58327 58327 Bad debt Expense 35167 35167 Printing 5357 5357 14937631 12622814 1214428 1100389 2015798 2940088 4985424 5173288 3177084 5309951 818784 617125 305854 411730 3199458 623196 1708139 2576262 162338 162338 13173421 17190782 1550402 2317431 618583 939865 2168985 3257296 X 4003612 4079708 7000824 9853778 11004436 13933486 13173421 17190782 2929050 0 X 0 1 X 1 0 X 7821060 10077000 9765586 13975374 16875722 58514742 7821060 10077000 9765586 13975374 16875722 58514742 13994388 44520354 23066 9600 20643 34469 35259 123037 58637779 5452080 0.75920 0.80630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3688 52299 55987 13781255 13837242 841862 210466 0 0 584390 612873 706633 841862 2745758 4118637 29719 41307 45033 55987 172046 146098 153218 176658 210466 686440 1029660 2255 3688 5943 2159902 252169 1907733 1039556 371027 668529 2576262 X 18026897 88281 71935 160216 17866681 0 17866681 15097847 88281 71935 160216 14937631 0 14937631 Part X, Line 2: Ceres accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. Interest and penalties assessed, if any, are accrued as income tax expense. Ceres has identified its tax status as a tax exempt entity and its determination of which activities are related and unrelated as Ceres' only significant tax positions and has determined that such tax positions do not result in an uncertainty requiring recognition. Ceres is not currently under examination by any taxing jurisdiction. Ceres' Federal and state income tax returns are generally open for examination for the past three years following the date of filing the related return. Part XI, Line 2d - Other Adjustments: fundraising expenses 71,935. Part XII, Line 2d - Other Adjustments: fundraising expenses 71,935. 1 South America 1 1 program services As a Director for the Water Program, Monika Freyman works researching and conducting corporate and investor engagement on the risks and opportunities related to growing water scarcity and water quality issues. 89314 Europe (Including Iceland & Greenland) 0 0 grantmaking 360320 East Asia and the Pacific 0 0 grantmaking 199050 1 1 0 0 1 1 648684 0 648684 Europe (Including Iceland & Greenland) To organize & support the investor community on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). 52320 wire East Asia and the Pacific To organize & support the investor community on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). 49050 wire East Asia and the Pacific To educate & engage Australian & Asia Pacific investors in understanding the material impacts for their portfolio holdings in deforestation-risk commodities (beef & soy) originating from South America. 150000 wire Europe (Including Iceland & Greenland) Project to develop the Forest Risk for Finance tool that enables investors to improve the scale & effectiveness of their engagement w/investee companies. 208000 wire Europe (Including Iceland & Greenland) To strengthen work of the Sustainable Stock Exchanges. 100000 wire 4 0 0 0 0 0 0 0 Part I, Line 2: Sub-grants are awarded to organizations pending review of a project budget and description. Such project must be aligned with Ceres organizational mission. Organizations are required to submit to Ceres financial reports that show how the funds were used. Funds are provided only for costs approved in the project budget. When expenditures vary more than 20% from an approved budget line, prior written authorization from Ceres is required. Sub-grantee shall make available to Ceres or its independent auditors all accounting records for examination, evaluation, and audit for a reasonable period of time after completion of the funded work. Fundraising Dinner 275615 233440 42175 8405 43733 19797 275615 233440 42175 8405 43733 19797 71935 -29760 1 Business for Social Responsibility 88 kearny street 12th fl san francisco CA 94108 521764268 501(c)(3) 65516 To advance business voice & support for US Clean Power Plan. Foundation for the Global Compact 685 3rd avenue new york NY 10017 161756484 501(c)(3) 30000 To mobilize stock exchanges and securities regulators to issue guidance and rules that improve the availability and quality of corporate environmental, social and governance (ESG) information to investors. The B Team Headquarters Inc 115 fifth avenue 6th floor new york NY 10003 461860634 501(c)(3) 66667 To mobilize the American business community in support of continued U.S. participation in the Paris Agreement and related climate action. 3 0 Part I, Line 2: Sub-grants are awarded to organizations pending review of a project budget and description. Such project must be aligned with Ceres organizational mission. Organizations are required to submit to Ceres financial reports that show how the funds were used. Funds are provided only for costs approved in the project budget. When expenditures vary more than 20% from an approved budget line, prior written authorization from Ceres is required. Sub-grantee shall make available to Ceres or its independent auditors all accounting records for examination, evaluation, and audit for a reasonable period of time after completion of the funded work. X X X X 0 0 0 0 0 0 0 0 0 Mindy Lubber President 213276 0 0 0 0 0 8731 0 27636 0 249643 0 0 0 Susan Sayers Chief Development Officer 185735 0 0 0 0 0 7788 0 20617 0 214140 0 0 0 Dawn Martin COO 168385 0 0 0 0 0 4211 0 11693 0 184289 0 0 0 X 12 104686 FMV 0 0 1 0 Part I, Column (b): The number in part I, column (b) represents the number of contributions. Form 990, Part VI, Section B, line 11b Our accounting and auditing firm sends the organization a questionnaire to fill out for preparing the form 990. This questionnaire is prepared and reviewed by the Finance team. Then, our accounting and auditing firm prepares the draft 990, with the information gathered in the questionnaire provided by the Finance team, and sends a draft to the organization. The Finance team reviews this draft and emails to the full Board for its review prior to its filing. Afterwards the 990 is filed. Form 990, Part VI, Section B, line 12c The organization has a written conflict of interest policy. As part of the board training, when joining the Ceres Board, the new board member is provided with the Ceres Board Policies which contain the written conflict of interest policy. In this package is included the form "Conflict of Interest Statement (CIS)" where they are required to disclose any conflict of interest that may exist with the organization. Once a year, the board members complete this CIS form. Also, as part of the governance compliance the board members are required to inform to the Board Chair and Vice Chair of Ceres of any material change that develops during the year in the information contained in the foregoing statement. Form 990, Part VI, Section B, line 15 The Executive Committee of the board annually reviews and approves the CEO's compensation. The committee gathers data from salary surveys and studies from comparable sized nonprofits. The committee then decides on the appropriate compensation level for the coming year and any bonus warranted for the prior year. This is then conveyed with a recommendation to the full board in an executive session and the vote taken to approve the recommended compensation and bonus. Notes of the deliberations and decisions reached regarding CEO compensation are kept by the Senior Director of Human Resources, who attends all such meetings. The CEO is responsible for assessing the appropriate levels of other key employees. Compensation is based on performance, level of responsibility, cost of living factor, and the nonprofit market in Boston and other locations Ceres has staff through a review of 990's, and salary surveys and studies. The CEO provides the Executive Committee of the Board a summary of data gathered and proposed salaries for officers and key employees (COO, CFO and Chief Development Officer.) The Executive Committee advises the CEO if they have concerns about any of the proposed salary levels. Form 990, Part VI, Section C, line 19 The form 990, audited financial statements and annual report are available at http://www.ceres.org/about-us/financials. The organization provides copies of its financial statements and governing documents upon request. Ceres' Form 990 is also available via Guidestar, and the Massachusetts Attorney General's website. Form 990, Part VII: The IRS requires compensation to be reported for the calendar year ending with or within the organization's fiscal year, therefore the compensation data shown on Form 990, Part VII is for calendar year 2016, which is drawn from 2016 W-2s.