Ceres Inc, operating under the name Ceres, is located in Boston, MA. The organization was established in 1990. According to its NTEE Classification (C01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Environment and related organizations. As of 10/2023, Ceres employed 274 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ceres 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 10/2023, Ceres generated $43.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $41.6m during the year ending 10/2023. While expenses have increased by 16.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ceres has awarded 38 individual grants totaling $2,325,852. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CERES IS A SUSTAINABILITY NONPROFIT ORGANIZATION. 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, NATURE AND BIODIVERSITY LOSS, AND INEQUITABLE WORKPLACES.
Describe the Organization's Program Activity:
SUSTAINABLE CAPITAL MARKETS: SEE SCHEDULE OSUSTAINABLE CAPITAL MARKETS: CERES MOBILIZES INFLUENTIAL FINANCIAL MARKET ACTORS TO ENGAGE AND COLLABORATE ON ENVIRONMENTAL, SOCIAL, AND GOVERNANCE ISSUES TO ADVANCE LEADING INVESTMENT PRACTICES, CORPORATE ENGAGEMENT STRATEGIES AND POLICY SOLUTIONS THROUGH WORKING GROUPS AND SHARED LEARNING OPPORTUNITIES, SUCH AS WEBINARS AND EVENTS. CERES WORKS WITH INVESTORS SPECIFICALLY TO BETTER MANAGE CARBON, WATER AND SUPPLY CHAIN RISKS, AND RAMP UP GLOBAL INVESTMENTS IN CLEAN ENERGY AND SUSTAINABLE FOOD AND WATER SYSTEMS. CERES DIRECTS THE CERES INVESTOR NETWORK ON CLIMATE RISK AND SUSTAINABILITY WHICH INCLUDES MORE THAN 220 INSTITUTIONAL INVESTORS, MANAGING MORE THAN $44 TRILLION IN ASSETS, ADVANCING LEADING INVESTMENT PRACTICES, CORPORATE ENGAGEMENT STRATEGIES, AND KEY POLICY AND REGULATORY SOLUTIONS. OUR KEY GLOBAL INVESTOR COLLABORATIONS INCLUDE THE CLIMATE ACTION 100+ INITIATIVE, THE INVESTOR AGENDA, THE PARIS ALIGNED INVESTMENT INITIATIVE AND THE NET ZERO ASSET MANAGERS INITIATIVE. INFLUENTIAL INVESTORS FROM LEADING ASSET MANAGEMENT FIRMS, PUBLIC PENSION FUNDS, LABOR AND SOCIALLY-RESPONSIBLE INVESTMENT FUNDS, FOUNDATIONS, ENDOWMENTS AND FAMILY OFFICES MAKE UP THE CERES INVESTOR NETWORK.
POLICY: SEE SCHEDULE OPOLICY: THE CERES POLICY NETWORK, KNOWN AS BICEP, COMPRISES 80+ COMPANIES, INCLUDING DOZENS OF LEADING CONSUMER BRANDS AND FORTUNE 500S, ADVOCATING FOR STRONG CLIMATE, CLEAN ENERGY AND WATER POLICIES AT THE STATE AND FEDERAL LEVELS THE CERES BICEP NETWORK HELPS COMPANIES VOICE THEIR SUPPORT FOR THE POLICIES OUR ECONOMY URGENTLY NEEDS TO PREVENT THE DIRE FINANCIAL AND MATERIAL RISKS OF THE CLIMATE CRISIS, WHILE UNLEASHING NEW INDUSTRIES, JOBS, AND GROWTH AS PART OF THE SOLUTION. THESE COMPANIES ARE RESPECTED LEADERS IN THEIR INDUSTRIES, AND THEY RECOGNIZE THAT TRANSITIONING TO A JUST AND INCLUSIVE CLEAN ENERGY ECONOMY IS WIN-WIN FOR THE PLANET AND FOR BUSINESS. CERES BICEP NETWORK MEMBERS HAVE WEIGHED IN ON A RANGE OF STATE AND FEDERAL POLICIES FROM RENEWABLE ENERGY ISSUES TO FUEL EFFICIENCY STANDARDS, TO VARIOUS CLEAN AIR ACT MEASURES TO THE PARIS CLIMATE AGREEMENT. THESE FORWARD-THINKING COMPANIES ARE RESPECTED LEADERS IN THEIR SECTORS WHO RECOGNIZE THAT THE LOW-CARBON ECONOMY WILL CONTINUE STIMULATING GROWTH AND CREATE NEW JOBS, WHILE STABILIZING OUR CLIMATE.
CLIMATE AND ENERGY: SEE SCHEDULE OCLIMATE AND ENERGY: CERES MOBILIZES THE MOST INFLUENTIAL INVESTORS AND COMPANIES IN TACKLING CLIMATE CHANGE AS A SUSTAINABILITY ISSUE AND FINANCIAL RISK ISSUE THAT MUST BE ADDRESSED AT EVERY LEVEL OF BUSINESS AND INVESTMENT PLANNING AND OPERATIONS. WE WORK WITH INVESTORS AND COMPANIES TO RAMP UP GLOBAL SUSTAINABLE INVESTMENTS IN CLEAN ENERGY AND SUSTAINABLE FOOD AND WATER SYSTEMS. OUR INVESTOR NETWORK MEMBERS ALSO ADVOCATE FOR ROBUST CLIMATE DISCLOSURE IN FINANCIAL FILINGS AND ENGAGE DIRECTLY WITH COMPANIES TO IMPROVE SUSTAINABILITY PERFORMANCE. THIS WORK IS DONE ACROSS KEY SECTORS AFFECTED THE MOST BY CLIMATE CHANGE, INCLUDING ELECTRIC POWER, OIL AND GAS, TRANSPORTATION, INSURANCE AND AGRICULTURE. SOLUTIONS THAT PROMOTE CLIMATE CHANGE RESILIENCE AND CLEAN ENERGY WILL HELP BUILD A LOW-CARBON ECONOMY WHILE PROTECTING OUR PLANET FOR CURRENT AND FUTURE GENERATIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mindy Lubber CEO And President | OfficerTrustee | 40 | $324,205 |
Georges Benjamin Director | Trustee | 5 | $0 |
Loren Blackford Director | Trustee | 5 | $0 |
Bill Davis Director | Trustee | 5 | $0 |
Tony Davis Director | Trustee | 5 | $0 |
Thomas Dinapoli Director | Trustee | 5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Tech Superpowers Llc Tech Support | 10/30/23 | $354,737 |
Drg Talent Services Llc Staff Recruitment Consulting | 10/30/23 | $197,333 |
Cultivise Consulting Llc Program Consulting | 10/30/23 | $192,463 |
Eric Pitt Program Consulting | 10/30/23 | $175,464 |
K&l Gates Llp Program Consulting | 10/30/23 | $171,331 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $471,710 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $37,243,889 |
Noncash contributions included in lines 1a–1f | $154,024 |
Total Revenue from Contributions, Gifts, Grants & Similar | $37,715,599 |
Total Program Service Revenue | $5,185,948 |
Investment income | $274,483 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $33,544 |
Net Income from Fundraising Events | -$127,605 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $43,487,488 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $548,713 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $4,550,194 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $2,386,675 |
Compensation of current officers, directors, key employees. | $379,380 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $19,089,916 |
Pension plan accruals and contributions | $773,602 |
Other employee benefits | $3,093,108 |
Payroll taxes | $1,652,677 |
Fees for services: Management | $0 |
Fees for services: Legal | $91,819 |
Fees for services: Accounting | $137,577 |
Fees for services: Lobbying | $322,061 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $3,058,974 |
Advertising and promotion | $305,003 |
Office expenses | $826,442 |
Information technology | $511,632 |
Royalties | $0 |
Occupancy | $815,938 |
Travel | $872,925 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,313,485 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $451,314 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $41,602,787 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,276,568 |
Savings and temporary cash investments | $18,374,055 |
Pledges and grants receivable | $17,960,144 |
Accounts receivable, net | $972,336 |
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 | $885,185 |
Net Land, buildings, and equipment | $1,024,085 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,816,767 |
Total assets | $43,309,140 |
Accounts payable and accrued expenses | $5,745,281 |
Grants payable | $0 |
Deferred revenue | $773,881 |
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 | $0 |
Total liabilities | $6,519,162 |
Net assets without donor restrictions | $8,420,782 |
Net assets with donor restrictions | $28,369,196 |
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 | $43,309,140 |
Over the last fiscal year, Ceres Inc has awarded $548,713 in support to 6 organizations.
Grant Recipient | Amount |
---|---|
CLEAN AIR TASK FORCE INC PURPOSE: TO SUPPORT THE DEVELOPMENT AND VETTING OF THE BENCHMARKING AIR & METHANE EMISSIONS REPORT. | $20,000 |
FOREST TRENDS ASSOCIATION PURPOSE: TO PUBLICLY BENCHMARK CORPORATE PRACTICES AND PROGRESS IN RELATION TO COMPANY DEFORESTATION COMMITMENTS AND GENERATE CONTENT FOR INVESTORS AND COMPANIES REGARDING NATURAL CLIMATE SOLUTIONS. | $152,716 |
MERIDIAN INSTITUTE PURPOSE: TO PUBLICLY BENCHMARK CORPORATE PRACTICES AND PROGRESS IN RELATION TO COMPANY DEFORESTATION COMMITMENTS AND GENERATE CONTENT FOR INVESTORS AND COMPANIES REGARDING NATURAL CLIMATE SOLUTIONS. | $54,583 |
CLIMATE COLLABORATIVE PURPOSE: TO RECRUIT 50 COMPANIES TO JOIN THE SME CLIMATE HUB, WITH 10 SETTING NET ZERO TARGETS BY 2040 TO ALSO QUALIFY THEM FOR THE AMAZON CLIMATE PLEDGE. | $11,200 |
CDP NORTH AMERICA INC PURPOSE: TO DRIVE INVESTOR NET ZERO COMMITMENTS, IMPLEMENTATION, AND ACCOUNTABILITY AND TO MOBILIZE INVESTORS WORLDWIDE TO ADVOCATE FOR THE POLICIES NEEDED TO ENABLE THE NET ZERO TRANSITION. | $235,214 |
R STREET INSTITUTE PURPOSE: IN SUPPORT OF ESG BACKLASH PROGRAMMATIC WORK. | $75,000 |