Center for Responsible Enterprise & Trade

Nonprofit profile at a glance

EIN
452880335
IRS 990 coverage
2014–2014
Forms available
Form 990 2014
Location
Washington, DC, USA
Phone
2028424701
Rating
57
Verdict
MIXED
Rating confidence
Moderate
Sector
Vocational, Technical Schools

Official website

Reported finances

Revenue
$1,297,080
Expenses
$2,394,542
Assets
$1,896,989
Liabilities
$175,985

Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • PAMELA PASSMAN (PRESIDENT)
  • LESLIE A BENTON (VICE PRESIDENT, ADVOCACY A)
  • SANDRA GIRONA (VICE PRESIDENT, BUSINESS DEVELOPMENT)

Highest reported compensation

  • PAMELA PASSMAN (PRESIDENT): $876,586 total reported compensation
  • CRAIG MOSS (CHIEF OPERATING OFFICER): $257,673 total reported compensation
  • SANDRA GIRONA (VICE PRESIDENT, BUSINESS DEVELOPMENT): $193,689 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to make leading practices in ip protection and anti-corruption achievable for all companies. Create works across diverse industries in countries around the world to develop and disseminate to the widest possible business audience cost-effective and practical assessments, independent evaluations, training and other resources for safeguarding ip and preventing corruption.

What it reported doing in 2014

Research and writing: continued research, reports and events that raised the importance of multinational companies working with their supply chains and business partners around the world to promote more mature business practices on intellectual property protection and anti-corruption. Two white papers were released that provided a framework for companies to use enterprise risk management to manage cricital risks:"protecting intellectual property through enterprise risk management and "addressing corruption risk through enterprise risk management." numerous articles, webinars and conference presentations were made based on the white papers. A trend alert was also released on ip protection and it security. Extensive writing and speaking on cyber security and trade secret theft was recognized by security magazine. Blogging, placement of artiicles and participation in webinars and events on these research topics were done in the us and overseas.

Operating model

Revenue model
Affiliate-supported. 94% of the money available for current operations came from contributions from related organizations.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - A large share of available resources goes toward mission work. A relatively small share of voting board members are independent and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 57
  • Accountability: 32
  • Sustainability: 19
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 80.2%; rating input score 80
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -84.6%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.79; rating input score 40; 40th percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 53; 53rd percentile among comparable filings
  • Officer compensation ratio: 68.3%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 100% of revenue deployed · 80.2% of spending went to programs
  • Governance: 0 of 3 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments
  • Leadership: top reported pay $877K · 7 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 6 filed schedules · includes major donors, foreign activity, and executive pay
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Sustainability: Operating margin scored 1/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • Review — Sustainability: Liabilities to assets ratio scored 53/100.