Chief Executives For Corporate Purpose Inc, operating under the name Cecp, is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 08/2022, Cecp employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cecp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, Cecp generated $5.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $5.4m during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CECP'S MISSION IS TO CREATE A BETTER WORLD THROUGH BUSINESS. CECP IS A CEO-LED COALITION THAT BELIEVES THAT A COMPANY'S SOCIAL STRATEGY HOW IT ENGAGES WITH KEY STAKEHOLDERS, INCLUDING EMPLOYEES, COMMUNITIES, INVESTORS, AND CUSTOMERS DETERMINES COMPANY SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORPORATE INSIGHTS AND ADVISORYCECP CONNECTED WITH HUNDREDS OF AFFILIATED COMPANIES PER QUARTER THROUGH MEETINGS, PRESENTATIONS, AND CUSTOMIZED SUPPORT TO ADVANCE PROGRESS TOWARDS GOALS; INSIGHTS GAINED IN THESE INTERACTIONS ARE USED TO SHARE KNOWLEDGE MORE BROADLY THROUGH THE ONLINE KNOWLEDGE CENTER AND/OR CUSTOMIZED SUPPORT BY COMPANY SERVICES INSIGHTS TEAM. CECP CONVENED AFFILIATED COMPANIES IN A TWO-DAY CECP SUMMIT TO PROVIDE CONTENT AND NETWORKING OPPORTUNITIES FOR MORE THAN 150 GIVING PROFESSIONALS AND YEAR-ROUND CONVENINGS THROUGH MORE THAN A TWO DOZEN ROUNDTABLES, BOTH IN PERSON AND VIRTUALLY.CECP PROVIDED CUSTOMIZED BENCHMARKING THAT LEVERAGED CECP'S EXCLUSIVE DATABASE OF MORE THAN $270 BILLION IN SURVEY DATA. COMPANIES BENCHMARKED AND EVALUATED THEIR PERFORMANCE AND STRATEGIES THROUGH AN ONLINE 24/7 DATA AND KNOWLEDGE CENTERS AND/OR CUSTOMIZED ANALYSIS BY CECP STAFF. CECP'S ANNUAL RESEARCH STUDY OF CORPORATE GIVING DATA HAD THE PARTICIPATION OF APPROXIMATELY 300 LEADING CORPORATIONS. THIS RESEARCH RESULTED IN CECP'S GIVING IN NUMBERS AND INVESTING IN SOCIETY REPORTS, WHICH ARE AVAILABLE FREE OF CHARGE THROUGH CECP'S WEBSITE. DATA INSIGHTS SERVES AS A TRUSTED ADVISER ON MEASUREMENT, USING SCORECARD-DRIVEN APPROACHES TO HELP COMPANIES IMPROVE HOW THEY MANAGE FOR GREATER SOCIAL AND BUSINESS IMPACT. THE GLOBAL EXCHANGE PROGRAM EXPANDED ITS NETWORK TO MORE ORGANIZATIONS TO UNITE COUNTRY-BASED, MISSION-DRIVEN CORPORATE SOCIETAL AFFILIATE ORGANIZATIONS FOR THE PURPOSE OF ADVANCING THE CORPORATE SECTOR AS A FORCE FOR GOOD AROUND THE WORLD. THIS CECP-LED NETWORK OF COUNTRY PARTNER ORGANIZATIONS OFFERS SUPPORT, RESEARCH, COUNSEL, AND ADVICE TO LARGE COMPANIES' CORPORATE SOCIETAL ENGAGEMENT ACTIVITIES AND LEVERAGES ITS RELATIONSHIPS AND CONNECTIONS, DATA AND KNOWLEDGE SHARING, EVENTS, AND TRAINING TO FURTHER THESE EFFORTS. THE GLOBAL EXCHANGE PARTNERSHIP RELEASED THE FIRST EDITION OF GLOBAL IMPACT AT SCALE REPORT.CECP DEEPENED ITS PARTNERSHIPS WITH COMPANIES BY EXECUTING ACCELERATE RESEARCH PROJECTS INCLUDING VALUE VOLUNTEERING, ACCELERATE COMMUNITIES, AND ADVANCED ADVISORIES THAT INVOLVED SEVERAL DOZEN COMPANIES WHICH AIM TO ADVANCE KNOWLEDGE IN A PRIORITY AREA FOR THE BENEFIT OF THE SPONSORING COMPANY, CECP AND SOCIETY IN GENERAL.STRATEGY ENGAGEMENT & GROWTHBUILDING ON OUR FIRST-EVER, SECTOR-SPECIFIC BIOPHARMA CEO INVESTOR FORUM, CECP PARTNERED WITH ADVAMED, THE TRADE ASSOCIATIN FOR THE MED-TECH DEVICES COMPANIES TO HOST OUR 10TH FORUM IN BOSTON. ABOTT, INTUTIVE SURGICAL AND MEDTRONIC PRESENTED THEIR LONG-TERM SUSTAINABLE VALUE CREATION PLAN TO INSTITUIONAL INVESTORS REPRESENTING $1.2 TRILLION IN AUM. GIVEN THE SITUATION WITH THE PANDEMIC, CECP RE-IMAGINED ITS IN-PERSON BOARD OF BOARDS WORLD CLASS EVENT BY PIVOTING TO A SERIES OF VIRTUAL MONTHLY CEO ROUND TABLES. THIS VIRTUAL SERIES BROUGHT TOGETHER CEOS ON TIMELY TOPICS LIKE DEI, ESG/SUSTAINABILITY, BOARD DIVERSITY, EMPLOYEE ENGAGEMENT AND MORE. THE NPS SCORE FOR THIS SERIES AVERAGED 92% MUCH HIGHER THAN EVER PREVIOUSLY RECORDED.COMMUNICATIONS SUPPORT: CECP PROVIDED COMMUNICATIONS COUNSEL TO COMPANIES, SHARED BEST PRACTICES THROUGH ITS "TELL YOUR STORY" CENTER OF EXCELLENCE, AND UTILIZED ITS OUTREACH CHANNELS TO HIGHLIGHT STORIES OF CORPORATE EXCELLENCE, INCLUDING THE COMPANY SPOTLIGHT NEWSLETTER SERIES, PURPOSE WEEKLY EMAILS AND MONTHLY VIDEOS FOR CEOS, AND THE CHARLIE AWARD. CECP GENERATED 60 TOP-TIER BUSINESS ARTICLES; MANAGED DESIGN AND COMMUNICATIONS FOR EVENTS SUCH AS CEO AND CORPORATE LEADER ROUNDTABLES, CECP SUMMIT, BOARD OF BOARDS, AND CEO INVESTOR FORUM; OPERATED A SPEAKERS' BUREAU FOR CECP STAFF TO SHARE CONTENT AT CONFERENCES ALL OVER THE WORLD; AND DEVELOPED MARKETING MATERIALS SUCH AS A BROCHURE AND PRESENTATION DECKS, TO SHARE ITS VALUE. CECP SUPPORTED THE NEEDS OF ITS COMPANIES BY SHARING THROUGH ITS COMMUNICATIONS CHANNELS RESOURCES IN THE AREAS OF EMPLOYEE ENGAGEMENT, CORPORATE PURPOSE, SUSTAINABLITY, COMMUNICATING DURING A CRISIS, AND DIVERSITY, EQUITY, AND INCLUSION, INCLUDING THE CORPORATE FOUNDATIONS, GLOBAL IMPACT AT SCALE, INVESTING IN SOCIETY, GIVING IN NUMBERS REPORTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Daryl G Brewster Ceo/secretary | OfficerTrustee | 40 | $410,619 |
Douglas R Conant Chairman | OfficerTrustee | 1 | $0 |
Peter L Malkin Director Emeritus/treasurer | OfficerTrustee | 1 | $0 |
Joaquin Duato Director - Until 2/2022 | Trustee | 1 | $0 |
Theodore Dysart Director | Trustee | 1 | $0 |
Richard Edelman Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $3,584,166 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $550,780 |
All other contributions, gifts, grants, and similar amounts not included above | $518,500 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,653,446 |
Total Program Service Revenue | $322,850 |
Investment income | $7,404 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,983,700 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,520,192 |
Compensation of current officers, directors, key employees. | $390,611 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,909,540 |
Pension plan accruals and contributions | $66,300 |
Other employee benefits | $305,781 |
Payroll taxes | $214,729 |
Fees for services: Management | $0 |
Fees for services: Legal | $8,886 |
Fees for services: Accounting | $12,875 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $393,650 |
Advertising and promotion | $15,243 |
Office expenses | $57,845 |
Information technology | $205,896 |
Royalties | $0 |
Occupancy | $6,557 |
Travel | $77,430 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $259,016 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $163,827 |
Insurance | $3,517 |
All other expenses | $0 |
Total functional expenses | $5,389,588 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $5,053,180 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $38,665 |
Net Land, buildings, and equipment | $346,430 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $5,438,275 |
Accounts payable and accrued expenses | $59,615 |
Grants payable | $0 |
Deferred revenue | $2,765,832 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $85,865 |
Total liabilities | $2,911,312 |
Net assets without donor restrictions | $2,326,963 |
Net assets with donor restrictions | $200,000 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $5,438,275 |