2017-07-13T09:08:21-05:00 2016-10-31 263753134 CBIZ TOFIAS 500 BOYLSTON STREET BOSTON MA 02116 990 2015-11-01 223053747 CERES INC CERE 6172470700 99 CHAUNCY STREET 6TH FLOOR BOSTON MA 021111703 GORDON MACFARLAND CFO 6172470700 2017-07-06 1 BRENDA L BOOTH P01342395 6177610600 2017-07-06 2015 2021-01-29 14:40:06Z CERES MINDY LUBBER 99 CHAUNCY STREET 6TH FLOOR BOSTON MA 021111703 15567059 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 20 116 20 0 0 7543046 11744267 2893114 3642789 20867 5876 11273 1705 10468300 15394637 0 224819 0 0 6356343 7580358 0 0 932148 3810643 4259624 10166986 12064801 301314 3329836 9202834 13173421 1528234 2168985 7674600 11004436 X CERES MOBILIZES MANY OF THE WORLD'S LARGEST COMPANIES AND INVESTORS TO TAKE STRONGER ACTION ON CLIMATE CHANGE, WATER SCARCITY, AND OTHER GLOBAL SUSTAINABILITY CHALLENGES. 0 0 2145069 410234 WATER: SEE SCHEDULE OWATER: CERES STRIVES TO ADVANCE BUSINESS, INVESTOR, AND GOVERNMENT POLICIES AND PRACTICES TO ENSURE ABUNDANT CLEAN WATER SUPPLIES AND HEALTHY ECOSYSTEMS. CERES' CAMPAIGN, VALUE EVERY DROP, FOCUSES ON THREE KEY SECTORS WITH HUGE WATER FOOTPRINTS IN THE UNITED STATES - PUBLIC WATER UTILITIES, AGRICULTURE AND THE ENERGY SECTOR. CERES IS BRINGING UNIQUE CAPITAL MARKET SOLUTIONS TO THESE CHALLENGES. WE ARE CHANGING THE WAY BUSINESSES AND UTILITIES MANAGE WATER, AND THE WAY INVESTORS CONSIDER WATER RISK IN THEIR INVESTMENT DECISIONS. BY RESHAPING HOW KEY ECONOMIC ACTORS VALUE WATER, WE CAN TURN SMART WATER MANAGEMENT INTO A BUSINESS FUNDAMENTAL AND WATER STEWARDSHIP INTO AN ECONOMIC IMPERATIVE. CERES HAS ALSO MADE ENORMOUS INROADS ON WATER POLICY ISSUES IN DROUGHT-PLAGUED CALIFORNIA, THROUGH ITS CONNECT THE DROPS COMPANY NETWORK, WHICH NOW HAS MORE THAN TWO-DOZEN CORPORATE MEMBERS. CERES AND WORLD WILDLIFE FEDERATION ALSO LAUNCHED AN AGWATER CHALLENGE, AN EFFORT IN WHICH SEVEN LEADING FOOD & BEVERAGE COMPANIES ANNOUNCED NEW COMMITMENTS TO ACCELERATE STRONGER WATER STEWARDSHIP WITH GROWERS IN THEIR GLOBAL SUPPLY CHAINS. 2342417 139303 684522 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 INVESTOR NETWORK ON CLIMATE RISK (INCR), A GROWING NETWORK OF OVER 120 INSTITUTIONAL ASSET OWNERS AND INVESTMENT MANAGERS THAT COLLECTIVELY MANAGE $14 TRILLION OF ASSETS. CERES HAS NUMEROUS INCR WORKING GROUPS THAT ARE ACTIVE ON CARBON ASSET RISK, SUSTAINABLE WATER MANAGEMENT, POLICY ENGAGEMENT AND GREEN BONDS.TO FOSTER CORPORATE ACCOUNTABILITY FOR SHAREOWNERS ON ISSUES OF CLIMATE AND SUSTAINABILITY, CERES COORDINATED AND/OR TRACKED 174 SHAREHOLDER RESOLUTIONS IN 2016, OF WHICH SEVERAL DOZEN WERE WITHDRAWN FOLLOWING NEGOTIATED COMMITMENTS FOR IMPROVEMENT. SOME OF THE RESOLUTIONS ALSO RECEIVED RECORD HIGH VOTING SUPPORT, INCLUDING THOSE FILED WITH EXXONMOBIL AND CHEVRON ON THEIR STRATEGIES FOR RESPONDING TO A LOW-CARBON GLOBAL ECONOMY IN ACCORDANCE WITH THE HISTORIC PARIS CLIMATE AGREEMENT THAT WAS ACHIEVED IN DECEMBER 2015 AND WAS FORMALLY ENTERED INTO FORCE IN NOVEMBER 2016. THE SEVENTH BIENNIAL INVESTOR SUMMIT ON CLIMATE RISK, HELD IN JANUARY 2016 AT THE UNITED NATIONS, CAPPED A HUGELY SUCCESSFUL YEAR OF ADVOCACY AND ACTION BY INVESTORS, COMPANIES AND POLICYMAKERS TO ADDRESS CLIMATE CHANGE. 2182736 224676 CLIMATE AND CLEAN ENERGY: SEE SCHEDULE OCLIMATE 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. FOR EXAMPLE, RESPONDING TO ONGOING EFFORTS BY CERES, THE NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS (NAIC) HAS MANDATED INSURANCE COMPANIES TO DISCLOSE ANNUALLY THE FINANCIAL RISKS THEY FACE FROM CLIMATE CHANGE, AS WELL AS ACTIONS TAKEN TO ADDRESS THOSE RISKS. IN OCTOBER 2016, CERES ISSUED AN INSURANCE CLIMATE RISK DISCLOSURE SURVEY REPORT BENCHMARKING 148 LARGE U.S. INSURERS ON THEIR CLIMATE-RELATED DISCLOSURE AND STRATEGIES. THROUGHOUT 2016, 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. IN JUNE 2016, CERES ISSUED A REPORT BENCHMARKING THE NATION'S 30 LARGEST ELECTRIC UTILITY HOLDING COMPANIES ON THEIR PERFORMANCE IN ADVANCING RENEWABLE ENERGY AND ENERGY EFFICIENCY. 1595614 85516 732406 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 38 COMPANIES INCLUDING A RANGE OF WELL-KNOWN CONSUMER BRANDS SUCH AS UNILEVER, MARS, OWENS CORNING, STARBUCKS, EBAY AND GENERAL MILLS. 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. 1774810 1639950 SUSTAINABLE 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 63 COMPANIES FROM TWO-DOZEN INDUSTRIES, INCLUDING MARKET LEADERS IN TECHNOLOGY, INSURANCE, FOOTWEAR & APPAREL, FOOD & BEVERAGE, TRANSPORTATION, ELECTRIC UTILITIES AND FINANCIAL SERVICES. ROUGHLY ONE-THIRD 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. THE REPORT WAS RE-RELEASED IN 2016 WITH REVISED CORPORATE SUSTAINABILITY EXPECTATIONS. IN APRIL 2014, CERES RELEASED THE REPORT GAINING GROUND RANKING 600+ COMPANIES AGAINST 20 SPECIFIC EXPECTATIONS IN THE CERES ROADMAP. THROUGHOUT 2016, THE CORPORATE PROGRAM TEAM ACTIVELY ENGAGED COMPANY NETWORK MEMBERS, AS WELL AS COMPANIES OUTSIDE THE NETWORK, ON KEY FINDINGS AND LEADING PRACTICES IDENTIFIED IN THE GAINING GROUND REPORT. A KEY 2016 REPORT IN SUPPORT OF THIS EFFORT WAS OUR WHITE PAPER, VIEW FROM THE TOP: HOW CORPORATE BOARDS CAN ENGAGE ON SUSTAINABILITY, PROVIDES A SET OF RECOMMENDATIONS FOR HOW BOARDS CAN INFLUENCE PERFORMANCE OUTCOMES AND RAISE THE PRIORITY OF SUSTAINABILITY AMONG U.S. COMPANIES. IN MARCH 2016, CERES WAS AWARDED A MULTI-YEAR GRANT THROUGH THE GORDON AND BETTY MOORE FOUNDATION TO SERVE AS A CO-ARCHITECT OF THEIR CONSERVATION AND FINANCIAL MARKETS INITIATIVE. A KEY OUTCOME OF THIS INITIATIVE IS FOR A CRITICAL MASS OF COMPANIES TO MAKE AND IMPLEMENT COMMITMENTS TO TRACK, ASSESS AND MANAGE FOR PERFORMANCE AGAINST ENVIRONMENTAL FACTORS THAT POSE SIGNIFICANT BUSINESS RISKS OR OPPORTUNITIES, WITH A PARTICULAR FOCUS ON DEFORESTATION AND OVERFISHING. THIS OBJECTIVE ALIGNS WITH CERES' ENGAGEMENTS WITH COMPANIES AND INVESTORS. 3370424 85516 2372356 10040646 1 1 0 1 0 0 0 0 0 0 1 1 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 44 0 1 116 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 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 MARCIA BATESON DIRECTOR 5.00 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 5.00 X 0 0 0 ASHOK GUPTA DIRECTOR 5.00 X 0 0 0 DENISE NAPPIER DIRECTOR 5.00 X 0 0 0 CARL POPE 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 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 MINDY LUBBER PRESIDENT 40.00 X X 212304 0 33545 SUSAN SAYERS CHIEF DEVELOPMENT OFFICER 40.00 X 177499 0 27799 DAWN MARTIN COO (FROM NOV. 2015) 40.00 X 15615 0 36 GORDON MACFARLAND CFO (FROM OCT. 2015) 40.00 X 22108 0 1995 KARL KUNZ CFO (UNTIL NOV. 2015) 40.00 X 115054 0 4535 HILARY FORBES SR. DPT. DR., HR & OPERATIONS 40.00 X 119195 0 13130 DAVID ZIV-KREGER SR. DIR., FOUNDATION DEVELOPMENT 40.00 X 111013 0 27033 CHRISTOPHER DAVIS SR. PROGRAM DIR., INVESTOR PROGRAM 40.00 X 110720 0 30806 CHRISTOPHER FOX DIRECTOR, SPECIAL PROJECTS 40.00 X 109526 0 23001 PEYTON FLEMING SR. DPT. DIRECTOR, COMMUNICATIONS 40.00 X 107909 0 26440 1100943 0 188320 12 0 1 0 TECH SUPERPOWERS LLC 1280 MASSACHUSETTS AVENUE SUITE 41 CAMBRIDGE MA 02138 TECH SUPPORT 116988 CYNTHIA J CURTIS 51 AVON ROAD WELLESLEY MA 02482 PROGRAM CONSULTING 112500 SUSTAINABLE VISIONS LLC 20 MAPLE AVENUE CAMBRIDGE MA 02139 PROGRAM CONSULTING 105775 3 180392 11563875 59153 11744267 MEMBERSHIP DUES 900099 2231107 2231107 CONF. FEES & SPONS. 900099 1213393 1213393 FEE FOR SERVICE 900099 198289 198289 3642789 34469 34469 57135 59153 26575 -2018 -26575 -28593 -28593 39400 180392 86694 -47294 -47294 OTHER REVENUE 900099 48999 48999 48999 15394637 3691788 0 -41418 85516 85516 139303 139303 1541793 1002572 286261 252960 4632393 3923942 363768 344683 193505 155057 19494 18954 737925 594277 72835 70813 474742 382326 46858 45558 11059 11059 64247 64247 45033 45033 67180 67180 548721 429295 43726 75700 535603 436083 50463 49057 514915 484459 4873 25583 839117 823426 6910 8781 170865 137603 16866 16396 PROFESSIONAL FEES 1395038 1311478 59897 23663 BAD DEBT EXPENSE 44750 44750 PRINTING 23096 23096 12064801 10040646 1092007 932148 2525960 2015798 881571 890043 1509044 3177084 526341 818784 180801 305854 2142496 434357 139460 1708139 3425474 4095381 14183 162338 9202834 13173421 628493 1550402 899741 618583 1528234 2168985 X 3691562 4003612 3983038 7000824 7674600 11004436 9202834 13173421 3329836 0 X 0 1 X 1 0 X 4856772 7821060 10077000 9765586 13975374 46495792 4856772 7821060 10077000 9765586 13975374 46495792 8919094 37576698 22803 23066 9600 20643 34469 110581 46606373 5445001 0.80630 0.82310 X PART II, SECTION A & B: THE AMOUNTS FOR PART II, COLUMN(A) REPRESENT THE PUBLIC SUPPORT FROM THE SHORT TAX YEAR, JANUARY 1, 2012 - OCTOBER, 31 2012 REPORTED ON THE 2012 TAX FORM. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2255 42778 45033 11087620 11132653 706633 176658 0 0 524683 584390 612873 706633 2428579 3642869 26183 29719 41307 45033 142242 131171 146098 153218 176658 607145 910718 2255 2255 1256895 77690 1179205 885601 356667 528934 1708139 CERTIFICATES OF DEPOSIT 4095381 F 4095381 X 15566228 84897 86694 171591 15394637 0 15394637 12236392 84897 86694 171591 12064801 0 12064801 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 ITS 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. ITS 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 86,694. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 86,694. 1 NORTH 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 (FOR PERIOD: NOV. 2015 - DEC. 2015). 10599 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTMAKING 139303 1 1 0 0 1 1 149902 0 149902 EUROPE (INCLUDING ICELAND & GREENLAND) TO ORGANIZE & SUPPORT THE INVESTOR COMMUNITY TO ENGAGE WITH FOOD & COMMODITY COMPANIES TO ELIMINATE DEFORESTATION FROM THEIR SUPPLY CHAINS. 139303 WIRE 0 1 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 219792 180392 39400 25023 41690 19981 219792 180392 39400 25023 41690 19981 86694 -47294 1 BUSINESS FOR SOCIAL RESPONSIBILITY 88 KEARNY STREET 12TH FL SAN FRANCISCO CA 94108 521764268 501(C)(3) 85516 TO ADVANCE BUSINESS VOICE & SUPPORT FOR US CLEAN POWER PLAN. 1 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 212304 0 0 0 0 0 8674 0 24871 0 245849 0 0 0 SUSAN SAYERS CHIEF DEVELOPMENT OFFICER 177499 0 0 0 0 0 7480 0 20319 0 205298 0 0 0 X 5 59153 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 11 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. THE AUDIT COMMITTEE REVIEWS COMMENTS RECEIVED FROM BOARD MEMBERS AND WHEN SATISFIED ACCEPTS THE 990. 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.