2016-09-10T07:22:07-05:00 2015-10-31 263753134 CBIZ TOFIAS 500 BOYLSTON STREET BOSTON MA 02116 990 2014-11-01 223053747 CERES INC CERE 6172470700 99 CHAUNCY STREET 6TH FLOOR BOSTON MA 021111703 GORDON MACFARLAND CFO 6172470700 2016-09-06 1 JOSEPH M GISO P00030126 6177610600 2016-09-06 2014 2017-02-10 21:41:12Z MINDY LUBBER 99 CHAUNCY STREET 6TH FLOOR BOSTON MA 021111703 10685769 0 X WWW.CERES.ORG X 1990 MA CERES, INC. (CERES) ENGAGES INSTITUTIONAL INVESTORS AND CORPORATE LEADERS TO ADDRESS SOCIAL AND ENVIRONMENTAL CHALLENGES THROUGH THE INTEGRATION OF SUSTAINABLE PRACTICES INTO BUSINESS OPERATIONS AND OTHER COMPANY DECISION-MAKING. THIS IS ACCOMPLISHED THROUGH THE INVOLVEMENT OF MEMBERS OF THE CERES COALITION, A NETWORK OF INVESTORS, ENVIRONMENTAL GROUPS AND OTHER PUBLIC INTEREST ORGANIZATIONS. 21 20 103 21 0 0 7956410 7543046 3188032 2893114 569 20867 55270 11273 11200281 10468300 0 0 0 0 6042629 6356343 0 0 909522 3620585 3810643 9663214 10166986 1537067 301314 8788293 9202834 1416154 1528234 7372139 7674600 X SEE SCHEDULE O 0 0 2261998 502264 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, DRIVERS, 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 115 INSTITUTIONAL ASSET OWNERS AND INVESTMENT MANAGERS THAT COLLECTIVELY MANAGE $13 TRILLION OF ASSETS. IN 2015, CERES ESTABLISHED NEW INCR WORKING GROUPS ON CARBON ASSET RISK, SUSTAINABLE WATER MANAGEMENT, AND GREEN BONDS, THE LAST OF WHICH LED TO DEVELOPING AND PUBLISHING A STATEMENT OF INVESTOR EXPECTATIONS FOR THE GREEN BOND MARKET.TO FOSTER CORPORATE ACCOUNTABILITY FOR SHAREOWNERS ON ISSUES OF CLIMATE AND SUSTAINABILITY, CERES COORDINATED AND/OR TRACKED 167 SHAREHOLDER RESOLUTIONS IN 2015, OF WHICH 37 WERE WITHDRAWN FOLLOWING A NEGOTIATED AGREEMENT. IN ADDITION, APPROXIMATELY 20 COMPANIES HAVE RESPONDED TO ENGAGEMENT OVER THE LAST FOUR YEARS BY COMMITTING TO SOURCE DEFORESTATION-FREE PALM OIL. CERES ALSO LAUNCHED A SEARCH TOOL TO ENABLE INVESTORS TO EASILY ACCESS CLIMATE-RELATED DISCLOSURES COMPANIES INCLUDE IN THEIR SEC FILINGS. CERES HELPED FACILITATE GUIDANCE BY THE WORLD FEDERATION OF EXCHANGES (WFE) ON STOCK EXCHANGE LISTING GUIDELINES FOR ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) REPORTING. THROUGHOUT 2015, CERES COLLABORATED WITH INTERNATIONAL PARTNERS AND THE UNITED NATIONS TO MOBILIZE INVESTOR REPRESENTATION FOR THE COP21 CLIMATE NEGOTIATIONS IN PARIS IN DECEMBER 2015. THE BI-ANNUAL INVESTOR SUMMIT ON CLIMATE RISK, HELD IN JANUARY 2016 AT THE UNITED NATIONS, CULMINATED A YEAR OF ADVOCACY AND CONVENING ON INVESTOR ACTIONS TO ADDRESS CLIMATE CHANGE. 1565028 1601714 SUSTAINABLE BUSINESSES: SEE SCHEDULE OSUSTAINABLE BUSINESSES: 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 MEMBERS FROM TWO-DOZEN INDUSTRIES, INCLUDING MARKET LEADERS IN TECHNOLOGY, INSURANCE, FOOTWEAR AND APPAREL, FOOD AND 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 PERFORMANCE IMPROVEMENTS, AS OUTLINED IN THE CERES-AUTHORED THE 21ST CENTURY CORPORATION: THE CERES ROADMAP FOR SUSTAINABILITY. IN APRIL 2014, CERES RELEASED THE REPORT GAINING GROUND RANKING 600+ COMPANIES AGAINST THE EXPECTATIONS IN THE CERES ROADMAP. THROUGHOUT 2015, 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. 1986566 147324 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. FOR THE PAST SEVERAL YEARS, CERES HAS ASSESSED THESE DISCLOSURES AND REPORTED ON THEIR FINDINGS. IN 2015, 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. THIS INCLUDED LAYING OUT PATHWAYS FOR ELECTRIC UTILITY BUSINESS MODELS TO EVOLVE CONSISTENT WITH RAMPED-UP CLEAN ENERGY DEPLOYMENT. CERES WORKED TO ENSURE THAT ITS CLEAN TRILLION CAMPAIGN, LAUNCHED IN 2014, SHAPED KEY THEMES AND STRATEGIES LEADING UP TO COP21. MORE SPECIFICALLY, THROUGH CLEAN TRILLION, CERES HAS CONTINUED TO DRAW THE ATTENTION OF CAPITAL MARKETS ACTORS AND INFLUENCERS TO THE URGENT NEED TO ADDRESS CARBON ASSET RISKS, INCLUDING THE REDUCTION OF CAPITAL EXPENDITURES GOING INTO HIGH-CARBON RESOURCE EXTRACTION. 1469415 663451 POLICY: THROUGH ITS POLICY PROGRAM, CERES AIMS TO MOVE CLIMATE AND ENERGY POLICIES AT THE STATE, FEDERAL AND INTERNATIONAL LEVEL, WHICH WILL FACILITATE THE SPEEDY TRANSITION TO A CLEAN ENERGY 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 2013, CERES LAUNCHED THE CERES CLIMATE DECLARATION, A CALL FOR GOVERNMENT ACTION ON CLIMATE CHANGE. SINCE THE LAUNCH, MORE THAN 1,700 COMPANIES HAVE SIGNED THE CLIMATE DECLARATION AND MANY HAVE TAKEN CONCRETE ACTIONS SUPPORTING SPECIFIC CLIMATE AND ENERGY POLICIES, INCLUDING THE EPA'S CLEAN POWER PLAN (CPP). IN 2015, CERES MOBILIZED MORE THAN 360 COMPANIES AND INVESTORS IN SUPPORT OF THE CPP, THE LARGEST STEP THE US HAS TAKEN TO CUT ITS CARBON EMISSIONS. THE SUPPORT FROM THE BUSINESS COMMUNITY WAS HAILED BY THE OBAMA ADMINISTRATION AS THE EXACT KIND OF SUPPORT NEEDED TO COUNTER THE OPPOSITION'S CLAIM OF A "JOB KILLING" REGULATION. CERES ALSO MOBILIZED SECTORS IN THE RUN UP TO THE COP21 INCLUDING BUT NOT LIMITED TO THE SIX MAJOR US BANKS, THE TEN LARGEST US FOOD COMPANIES, AND SEVEN OF THE LARGEST APPAREL COMPANIES, ALL OF WHICH CALLED FOR A STRONG GLOBAL DEAL WHILE PLEDGING TO DO THEIR PART TO ENCOURAGE CARBON REDUCTION WITHIN THEIR OWN OPERATIONS AND SUPPLY CHAINS. 1204839 82133 WATER: CERES STRIVES TO ADVANCE BUSINESS, INVESTOR, AND GOVERNMENT POLICIES AND PRACTICES TO ENSURE ABUNDANT CLEAN WATER SUPPLIES AND HEALTHY ECOSYSTEMS. CERES' CAMPAIGN ENTITLED VALUE EVERY DROP FOCUSES ON THREE KEY SECTORS WITH ENORMOUS RESPONSIBILITY FOR PROTECTING OUR NATION'S WATER SECURITY-- WATER UTILITIES, OIL AND GAS, AND AGRICULTURE. CERES BRINGS 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. IN 2015, CERES RELEASED A REPORT, FEEDING OURSELVES THIRSTY, WHICH HIGHLIGHTS HOW THE FOOD SECTOR IS MANAGING GLOBAL WATER RISKS. THE REPORT IS STRUCTURED TO GUIDE INVESTORS THROUGH THE KEY WATER RISKS FACING THE FOOD INDUSTRY AND BENCHMARKS 37 MAJOR FOOD COMPANIES ON THEIR WATER MANAGEMENT PRACTICES. 2674254 745584 8487846 1 1 0 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 54 0 1 103 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 MARCIA BATESON DIRECTOR 5.00 X 0 0 0 NORM 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 ALISA GRAVITZ TREASURER 5.00 X X 0 0 0 ASHOK GUPTA DIRECTOR 5.00 X 0 0 0 DOUGLAS HUSID SECRETARY 5.00 X 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 BARNEY SCHAUBLE 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 BILL SOMPLATSKY-JARMAN DIRECTOR 5.00 X 0 0 0 ANNE STAUSBOLL CHAIR 5.00 X X 0 0 0 SCOTT STRINGER DIRECTOR 5.00 X 0 0 0 MINDY LUBBER PRESIDENT 40.00 X X 208755 0 31556 SUSAN SAYERS CHIEF DEVELOPMENT OFFICER 40.00 X 166888 0 26435 LANCE PIERCE EXEC. DIR.(UNTIL NOV. 2014) 40.00 X 145239 0 24225 GORDON MACFARLAND CFO (UNTIL DEC. 2014) 40.00 X 103445 0 22167 KARL KUNZ CFO (FROM JUNE 2014) 40.00 X 57212 0 599 ANNE KELLY SR. PROGRAM DIR., POLICY/BICEP PROG. 40.00 X 107528 0 5990 DAVID ZIV-KREGER SR. DIR., FOUNDATION DEVELOPMENT 40.00 X 105704 0 26407 CHRISTOPHER FOX DIRECTOR, SPECIAL PROJECTS 40.00 X 105354 0 21745 PEYTON FLEMING SR. DPT. DIRECTOR, COMMUNICATIONS 40.00 X 103988 0 26519 CHRISTOPHER DAVIS SR. PROGRAM DIR., INVESTOR PROGRAM 40.00 X 100996 0 29722 1205109 0 215365 10 0 1 0 MARK TULAY 9810 SUNRISE ROAD VIENNA VA 22181 CONSULTING SERVICES 120000 1 555472 6987574 51023 7543046 MEMBERSHIP DUES 900099 2222540 2222540 CONF. FEES & SPONS. 900099 670574 670574 2893114 20643 20643 51062 1332 51023 1147 39 185 224 224 72800 555472 165299 -92499 -92499 OTHER REVENUE 900099 103772 103772 103772 10468300 2996886 0 -71632 1306199 737271 281424 287504 3882844 3367427 211631 303786 170172 136236 15363 18573 595032 476369 53720 64943 402096 321909 36302 43885 1141 1107 34 62986 62986 41307 41307 10001 10001 495513 399992 25105 70416 305080 245792 26254 33034 512744 469924 4228 38592 633647 612530 5906 15211 66446 53195 5999 7252 PROFESSIONAL FEES 1632794 1589551 16917 26326 PRINTING 25235 25235 BAD DEBT EXPENSE 23749 23749 10166986 8487846 769618 909522 2349528 2525960 1951678 881571 1622858 1509044 406275 526341 197219 180801 643244 503784 140293 139460 2107759 3425474 12683 14183 8788293 9202834 612705 628493 803449 899741 1416154 1528234 X 3220485 3691562 4151654 3983038 7372139 7674600 8788293 9202834 X 301314 1147 X 0 1 X 1 0 X 6529984 4856772 7821060 9981990 9912585 39102391 6529984 4856772 7821060 9981990 9912585 39102391 6828547 32273844 32009 22803 23066 9600 20643 108121 39210512 4801689 0.82310 0.78010 X PART II, SECTION A & B: THE AMOUNTS FOR PART II, COLUMN(B) REPRESENT THE PUBLIC SUPPORT FROM THE SHORT TAX YEAR, JANUARY 1, 2012 - OCTOBER, 31 2012 REPORTED ON THE 2012 TAX FORM. THE AMOUNTS FOR PART II, COLUMN(C) REPRESENT THE PUBLIC SUPPORT FROM THE FISCAL 2013 TAX YEAR, NOVEMBER 1, 2012 - OCTOBER, 31 2013 REPORTED ON THE 2012 TAX FORM. THE AMOUNTS FOR PART II, COLUMN(D) REPRESENT THE PUBLIC SUPPORT FROM THE FISCAL 2014 TAX YEAR, NOVEMBER 1, 2013 - OCTOBER, 31 2014 REPORTED ON THE 2013 TAX FORM. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41307 41307 9216157 9257464 612873 153218 0 0 467502 524683 584390 612873 2189448 3284172 6163 26183 29719 41307 103372 116876 131171 146098 153218 547363 821045 PART II-A, LINE 2: THE AMOUNTS FOR SCHEDULE C, PART II-A, COLUMN(A)2011 REPRESENT LOBBYING EXPENDITURES FROM THE SHORT TAX YEAR, JANUARY 1, 2012 - OCTOBER, 31 2012. THE AMOUNTS FOR SCHEDULE C, PART II-A, COLUMN(B)2012 REPRESENT LOBBYING EXPENDITURES FROM THE FISCAL 2013 TAX YEAR, NOVEMBER 1, 2012 - OCTOBER, 31 2013. THE AMOUNTS FOR SCHEDULE C, PART II-A, COLUMN(C)2012 REPRESENT LOBBYING EXPENDITURES FROM THE FISCAL 2014 TAX YEAR, NOVEMBER 1, 2013 - OCTOBER, 31 2014. 142939 126630 16309 500305 377154 123151 139460 CERTIFICATES OF DEPOSIT 3425474 F 3425474 X 10711148 76402 165299 241701 10469447 -1147 -1147 10468300 10408687 76402 165299 241701 10166986 0 10166986 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 165,299. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON FIXED ASSET DISPOSAL -1,147. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 165,299. NORTH AMERICA 1 2 PROGRAM SERVICES AS THE VICE PRESIDENT OF CORPORATE PROGRAMS FOR CERES, ANDREA MOFFAT WORKS WITH A RANGE OF COMPANIES ON REPORTING AND DISCLOSURE, POLICY DEVELOPMENT, AND STAKEHOLDER ENGAGEMENT. HER DAILY ACTIVITIES IN CANADA INCLUDE MANAGING THE CERES CORPORATE PROGRAM TEAM AND WORKING WITH US AND INTERNATIONAL COMPANIES ON CORPORATE SOCIAL RESPONSIBILITY ISSUES. 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. 88992 1 2 0 0 1 2 88992 0 88992 0 0 0 0 0 0 FUNDRAISING DINNER 628272 555472 72800 10889 82112 72298 628272 555472 72800 10889 82112 72298 165299 -92499 X X X X 0 0 0 0 0 0 0 0 0 MINDY LUBBER PRESIDENT 208755 0 0 0 0 0 8484 0 23072 0 240311 0 0 0 SUSAN SAYERS CHIEF DEVELOPMENT OFFICER 166888 0 0 0 0 0 7043 0 19392 0 193323 0 0 0 LANCE PIERCE EXEC. DIR.(UNTIL NOV. 2014) 145239 0 0 0 0 0 5901 0 18324 0 169464 0 0 0 X 3 51023 FMV 0 0 0 0 FORM 990, PART I, LINE 19: ON JULY 14, 2011, THE BOARD OF DIRECTORS VOTED TO CHANGE CERES' FISCAL YEAR END TO OCTOBER 31. THE MAIN REASON FOR THE CHANGE IS TO BETTER ALIGN CERES' GRANT AND PLANNING CYCLES. AS A RESULT, THE 2014 AND 2015 FISCAL YEARS PRESENTED ARE 12-MONTH YEARS ENDING ON OCTOBER 31, 2014 AND OCTOBER 31, 2015, RESPECTIVELY. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: CERES' MISSION IS MOBILIZING INVESTOR AND BUSINESS LEADERSHIP TO BUILD A THRIVING, SUSTAINABLE GLOBAL ECONOMY. CERES IS KNOWN FOR ITS UNIQUE ABILITY TO BRING DIVERSE INTERESTS TOGETHER TO FIND POSITIVE SOLUTIONS TO COMPLEX ENVIRONMENTAL AND SOCIAL CHALLENGES. FOR EXAMPLE, OVER THE PAST 13 YEARS CERES HAS CO-HOSTED SEVEN INVESTOR SUMMITS AT THE UNITED NATIONS, BRINGING TOGETHER HUNDREDS OF LEADING U.S. AND GLOBAL INVESTORS TO EXAMINE AND RESPOND TO THE RISKS AND OPPORTUNITIES POSED BY CLIMATE CHANGE. CERES INTRODUCED THE CONCEPT OF "CLIMATE RISK" TO WORLD BUSINESS LEADERS AND MOBILIZES INSTITUTIONAL INVESTORS MANAGING TRILLIONS OF DOLLARS IN ASSETS THROUGH ITS INVESTOR NETWORK ON CLIMATE RISK (INCR). CERES IS KNOWN FOR ITS UNIQUE ABILITY TO CONVENE POWERFUL MARKET PLAYERS AND INSTITUTIONS WITH DIVERSE INTERESTS TO CONSIDER AND DEVELOP POSITIVE SOLUTIONS TO COMPLEX ISSUES. FOR EXAMPLE, IN JANUARY 2016 AT THE UNITED NATIONS, CERES BROUGHT TOGETHER 500 LEADING GLOBAL INVESTORS AS WELL AS KEY POLICYMAKERS AND BUSINESS EXECUTIVES, INCLUDING UN SECRETARY GENERAL BAN KI-MOON, MICHAEL BLOOMBERG AND AL GORE, AT THE INVESTOR SUMMIT ON CLIMATE RISK: ADVANCING THE CLEAN TRILLION. 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 ANY OF THE BOARD CO-CHAIRS OF CERES 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. A MEMBER OF THAT COMMITTEE GATHERS DATA FROM SALARY SURVEYS FROM COMPARABLE SIZED NONPROFITS AND BRINGS THAT INFORMATION BACK TO THE COMMITTEE FOR ITS DELIBERATIONS. 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. 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, INFLATION, AND TO SOME DEGREE THE NONPROFIT MARKET IN BOSTON (SALARY SURVERY STUDIES). THE EXECUTIVE COMMITTEE OF THE BOARD IS PROVIDED BY THE CEO A SUMMARY OF SALARIES PAID TO OFFICERS AND KEY EMPLOYEES (COO, CFO AND CHIEF DEVELOPMENT OFFICER) OF COMPARABLE ORGANIZATIONS WITH DATA THAT WAS DRAWN FROM 990'S AND SALARY SURVEYS. THE AVERAGES ARE COMPARED TO PROPOSED SALARIES FOR EQUIVALENT CERES STAFF. 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, PAGE 1, PART A AND PAGE 7, PART VII: SECTION A - ON JULY 14, 2011, THE BOARD OF DIRECTORS VOTED TO CHANGE CERES' FISCAL YEAR END TO OCTOBER 31. THE MAIN REASON FOR THE CHANGE IS TO BETTER ALIGN CERES' GRANT AND PLANNING CYCLES. AS A RESULT, THE 2015 FISCAL YEAR PRESENTED IS A 12-MONTH YEAR ENDING ON OCTOBER 31, 2015. FORM 990 IRS INSTRUCTIONS, PART VII: ALL ORGANIZATIONS ARE REQUIRED TO COMPLETE PART VII, AND WHEN APPLICABLE, SCHEDULE J (FORM 990), FOR CERTAIN PERSONS. COMPENSATION MUST BE REPORTED FOR THE CALENDAR YEAR ENDING WITH OR WITHIN THE ORGANIZATION'S TAX YEAR. THIS REQUIRES REPORTING OF WAGES FROM FORM W-2 FOR THE 2014 CALENDAR YEAR FOR THE ORGANIZATIONAL FISCAL TAX YEAR ENDING OCTOBER 31, 2015. FORM 990, PART XI, LINE 9: LOSS ON FIXED ASSET DISPOSAL 1,147.