Shift Project Ltd
- Assets
- $3.3m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 11
- Location
- New York, NY
- Founding
- 04/2012
- Data as of
- 06/2022
- EIN
- 45-2779314
Organization Overview
Shift Project Ltd is located in New York, NY. The organization was established in 2012. According to its NTEE Classification (Q70) the organization is classified as: International Human Rights, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2022, Shift Project Ltd employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shift Project Ltd 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 06/2022, Shift Project Ltd generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 7.6% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SHIFT WORKS ACROSS ALL CONTINENTS AND SECTORS TO CHALLENGE ASSUMPTIONS, PUSH BOUNDARIES AND REDEFINE CORPORATE PRACTICE IN ORDER TO BUILD A WORLD WHERE BUSINESS GETS DONE WITH RESPECT FOR PEOPLES DIGNITY. OUR WORK IS BASED ON THE INTERNATIONAL STANDARD OF THE UN GUIDING PRINCIPLES ON BUSINESS AND HUMAN RIGHTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STANDARDS - UNDER THIS PROGRAM, SHIFT ADVISES GOVERNMENT MINISTRIES, REGULATORY AGENCIES, INTERGOVERNMENTAL ORGANIZATIONS, REPORTING AND OTHER STANDARD-SETTING BODIES ON HOW TO INTEGRATE THE UNGPS INTO THE STANDARDS THEY SET THAT DRIVE BUSINESS BEHAVIOR. IN 2021-22, WE FOCUSED ON DEVELOPMENTS IN MANDATORY HUMAN RIGHTS DUE DILIGENCE AND REPORTING INCLUDING: DEVELOPING PUBLIC RECOMMENDATIONS AND ENGAGING IN ADVOCACY TO ALIGN PROPOSED EU MANDATORY DUE DILIGENCE LAWS WITH THE UNGPS; PARTICIPATING IN THE DEVELOPMENT OF NEW EU SOCIAL SUSTAINABILITY REPORTING STANDARDS; SUPPORTING THE CARBON DISCLOSURES STANDARDS BOARD TO INCLUDE SOCIAL ISSUES IN THEIR REPORTING FRAMEWORK; AND COLLABORATING WITH THE UN OFFICE OF THE HIGH COMMISSIONER FOR HUMAN RIGHTS ON GUIDANCE FOR NATIONAL REGULATORS ON EVALUATING CORPORATE HUMAN RIGHTS DUE DILIGENCE.
BUSINESS ENGAGEMENT THROUGH THIS PROGRAM, SHIFT WORKS WITH LEADING GLOBAL COMPANIES AT BOTH STRATEGIC AND OPERATIONAL LEVELS, HELPING THEM BUILD THE VISION, SYSTEMS AND CAPACITY THEY NEED TO IMPLEMENT THE UNGPS. WE ALSO WORK WITH INDUSTRY ASSOCIATIONS AND MULTISTAKEHOLDER INITIATIVES THAT SUPPORT IMPLEMENTATION OF THE UNGPS. IN 2021-22, WE SUPPORTED INDIVIDUAL COMPANIES AND BUSINESS ASSOCIATIONS TO IMPROVE THEIR PRACTICES ON A RANGE OF ISSUES INCLUDING: REMEDY AND GRIEVANCE MECHANISMS, RESPONSIBLE EXIT FROM HIGH-RISK RELATIONSHIPS, RESPECTING THE RIGHTS OF MIGRANT WORKERS AND BRINGING A HUMAN RIGHTS LENS TO MANAGEMENT OF CLIMATE CHANGE RISKS. WE ALSO COLLABORATED WITH THE UN GLOBAL COMPACT TO DELIVER CAPACITY BUILDING WORKSHOPS ON THE UNGPS ACROSS THREE REGIONS FOR HUNDREDS OF COMPANIES.
FINANCIAL INSTITUTIONS - THROUGH THIS PROGRAM, SHIFT WORKS WITH FINANCIAL INSTITUTIONS TO UNDERSTAND AND ADDRESS HUMAN RIGHTS CHALLENGES AND DEVELOP LEADING PRACTICES ALIGNED WITH THE UNGPS. IN 2021-22, WE ENGAGED PRACTITIONERS FROM PUBLIC AND PRIVATE FINANCIAL INSTITUTIONS ON HOW TO STRENGTHEN THEIR APPROACH TO ISSUES INCLUDING THEIR ROLE IN HELPING ENABLE REMEDY WHERE HARMS OCCUR, ENGAGING WITH CLIENTS WITH OPERATIONS IN HIGH-RISK AREAS, AND MANAGING FORCED LABOR RISKS IN SOLAR SUPPLY CHAINS. WE ALSO ENGAGED WITH LEADING INVESTORS ON IMPROVING THEIR ASSESSMENT OF HUMAN RIGHTS RISKS IN THEIR PORTFOLIOS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caroline Rees President & CEO | OfficerTrustee | 40 | $209,100 |
Rachel Davis Vice President | Officer | 40 | $152,065 |
Francis West Dir. Bus. Engmt | 40 | $125,889 | |
David Kovick Senior Advisor | 40 | $120,426 | |
David Vermijs Dir. Bus. Engmt | 40 | $109,060 | |
Ashleigh Owens Deputy Director | 32 | $102,275 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deep Work Ltd Consulting Services | 6/29/21 | $151,800 |
Triponel Consulting Consulting Services | 6/29/21 | $104,709 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $357,965 |
| All other contributions, gifts, grants, and similar amounts not included above | $786,597 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,144,562 |
| Total Program Service Revenue | $2,078,756 |
| Investment income | $2,287 |
| 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 | $3,227,568 |
| 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. | $464,845 |
| Compensation of current officers, directors, key employees. | $74,376 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,054,537 |
| Pension plan accruals and contributions | $72,852 |
| Other employee benefits | $69,859 |
| Payroll taxes | $144,660 |
| Fees for services: Management | $11,270 |
| Fees for services: Legal | $8,535 |
| Fees for services: Accounting | $15,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,139 |
| Advertising and promotion | $0 |
| Office expenses | $43,683 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,079 |
| Travel | $66,184 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,312 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,596,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,359,706 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $849,486 |
| 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 | $12,023 |
| Net Land, buildings, and equipment | $20,603 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,264 |
| Total assets | $3,262,082 |
| Accounts payable and accrued expenses | $167,717 |
| Grants payable | $0 |
| Deferred revenue | $836,056 |
| 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 | $1,003,773 |
| Net assets without donor restrictions | $2,258,309 |
| Net assets with donor restrictions | $0 |
| 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 | $3,262,082 |