Irrc Institute For Corporate Responsibility
- Assets
- $0.0
- Revenue
- $7.7k
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- Data as of
- 12/2018
- EIN
- 20-3929506
Organization Overview
Irrc Institute For Corporate Responsibility is located in New York, NY. As of 12/2018, Irrc Institute For Corporate Responsibility employed 2 individuals. Irrc Institute For Corporate Responsibility 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 12/2018, Irrc Institute For Corporate Responsibility generated $7.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (61.8%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE IRRC INSTITUTE IS TO PROVIDE THOUGHT LEADERSHIP AT THE INTERSECTION OF CORPORATE RESPONSIBILITY AND THE INFORMATIONAL NEEDS OF INVESTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM DISSEMINATION:A MAJOR GOAL OF IRRC IS TO DISSEMINATE INFORMATION IN ITS FOCUS AREAS TO THE INVESTMENT INDUSTRY AND GENERAL PUBLIC. THIS INCLUDES DISSEMINATING STUDY FINDINGS FROM PREVIOUS YEARS.
PRACTITIONER RESEARCH:THE IRRC RESEARCH PROGRAM SUPPORTS PRACTITIONER RESEARCH. SUCH RESEARCH FOCUSES ON CAPITAL MARKET, ENVIRONMENTAL, SOCIAL AND GOVERNANCE ISSUES OF INTEREST TO INVESTORS. PRACTITIONER RESEARCH IS COMMISSIONED VIA A CONTRACT FOR SERVICES BETWEEN IRRC AND A RESEARCH ENTITY. SUCH RESEARCH GENERALLY RESULTS IN A STUDY WHICH IS PUBLICLY AVAILABLE AT NO EXPENSE, AND IS POSTED ON THE IRRC WEB SITE.
ACADEMIC RESEARCH:THE IRRC RESEARCH PROGRAM SUPPORTS ACADEMIC RESEARCH. SUCH RESEARCH FOCUSES ON CAPITAL MARKET, ENVIRONMENTAL, SOCIAL AND GOVERNANCE ISSUES OF INTEREST TO INVESTORS. ACADEMIC RESEARCH IS FUNDED THROUGH DIRECTED GRANT AGREEMENTS WITH QUALIFIED EDUCATIONAL INSTITUTIONS. SUCH RESEARCH GENERALLY RESULTS IN AN ACADEMIC PAPER OR PAPERS WHICH IRRC USES BEST EFFORTS TO MAKE PUBLICLY AVAILABLE AT NO EXPENSE, AND WHICH IS POSTED ON THE IRRC WEB SITE.
NEW PROGRAM DEVELOPMENT INVOLVES PLANNING, RESEARCH TIME, AND EFFORT, DEDICATED TO DETERMINING WHAT STUDIES WILL BE PREPARED IN FUTURE YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Lukomnik Executive Director | 20 | $254,616 | |
Linda Scott Chair | 2 | $0 | |
Howard Sherman Treasurer | 2 | $0 | |
Mark E Preisinger Secretary | 2 | $0 | |
Kenneth Bertsch Board Member | 2 | $0 | |
Peter Clapman Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,099 |
| Dividends & Interest | $21,613 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$19,049 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,663 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $254,616 |
| Other employee salaries and wages | $86,570 |
| Pension plans, employee benefits | $18,830 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $25,898 |
| Travel, conferences, and meetings | $19,144 |
| Printing and publications | $0 |
| Other expenses | $50,172 |
| Total operating and administrative expenses | $716,980 |
| Contributions, gifts, grants paid | $1,708,230 |
| Total expenses and disbursements | $2,425,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Irrc Institute For Corporate Responsibility has awarded $1,708,230 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Newark, DE PURPOSE: ACADEMIC GRANT - EXPANSION OF RESEARCH; KEEPING ACCESS TO RESEARCH FREE AND PUBLIC. | $1,618,230 |
Boonsboro, MD PURPOSE: PRACTITIONER RESEARCH - DATA PRIVACY AS AN INVESTMENT ISSUE. | $50,000 |
New York, NY PURPOSE: PRACTITIONER RESEARCH - ANALYSIS OF THE CURRENT STATE OF SUSTAINABILITY AND INTEGRATED REPORTING IN LARGE CAP COMPANIES. | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
Long Island Select Healthcare Inc Central Islip, NY | $8,265,975 | $21,062,448 |
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
Germantown Home Philadelphia, PA | $23,238,200 | $17,117,508 |
Nurtury Inc Roxbury, MA | $15,395,426 | $20,648,224 |
Partnership To End Addiction New York, NY | $61,675,636 | $16,194,669 |
Humanim Inc Columbia, MD | $20,769,725 | $20,890,295 |
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
Chandler Hall Health Services Inc Newtown, PA | $26,412,529 | $17,505,940 |
Jewish Nursing Home Of Western Mass Inc Longmeadow, MA | $27,155,425 | $18,778,772 |
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
River Valley Counseling Center Inc Holyoke, MA | $5,921,638 | $20,559,237 |