Chief Executives for Corporate Purpose Inc

Nonprofit profile at a glance

EIN
134024259
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
2128251000
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Philanthropy, Charity, Voluntarism Promotion

Official website

Reported finances

Revenue
$6,054,836
Expenses
$5,678,211
Assets
$4,708,456
Liabilities
$2,746,449

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

32 people listed

Executive titles in this filing

  • DARYL G BREWSTER (CEO/SECRETARY)

Highest reported compensation

  • DARYL G BREWSTER (CEO/SECRETARY): $556,056 total reported compensation
  • KARI NIEDFELDT-THOMAS (MANAGING DIR. & COO - UNTIL 6/25): $340,283 total reported compensation
  • SARA ADAMS (CHIEF COMMUNICATIONS OFFICER): $279,093 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Chief executives for corporate purpose (cecp) is the only business counsel and network dedicated to driving measurable returns on purpose. We promote responsible purpose-driven business as it increases customer loyalty, builds employee engagement, improves brand trust, attracts top talent, connects with strategic investors, and contributes to the bottom line. More than 200 of the world's leading companies seek to improve their return on purpose through access to cecp's solutions in insights and benchmarking. With our companies, we share a goal of harnessing the power of purpose for the benefit of business, stakeholders, and society.

What it reported doing in 2024

Corporate insightscecp produced industry leading research and actionable insights to transform companies' corporate purpose work across three areas of corporate purpose: societal/community investment; employee engagement; and sustainable business. Cecp connected with hundreds of affiliated companies to provide fast-track consulting support, customized benchmarking, and strategy assessments, tools, and frameworks. Cecp provided customized benchmarking that leveraged cecp's exclusive database of more than $439 billion in community investment survey data and conducted weekly pulse surveys to share insights with companies. Cecp also hosted office hours and peer connects and delivered long-term disclosure assessments and sustainable business snapshots.cecp released three annual reports giving in numbers, global impact at scale, and investing in society, which are available free of charge through cecp's website. Mycecp online knowledge center and data center provide 24/7 access to affiliated companies to cecp's insights and data visualization tools. The global exchange network unites region/country-based, mission-driven corporate societal engagement organizations for the purpose of advancing the corporate sector as a force for good around the world. This cecp-led network offers support, research, counsel, and advice to large companies. Cecp developed many research, innovation, and presentation partners around the world. Cecp also hosted corporate peer discussions with partners on urgent issues for the field. Corporate advisorycecp curated accelerators and facilitated this small-group learning series to advance understanding of key topics for corporate leaders via virtual meetings and an online asynchronous information sharing platform. Cecp created accelerate research projects as additional thought leadership publications for the field such as shared resilience: a crisis preparedness toolkit for organization and issue briefs such as belonging in the workplace. Cecp deepened its corporate partnerships and shared subject matter experts to work with companies in advanced advisories on goal setting, strategy development, measurement management, scorecard/kpi framing, and advancing company knowledge in a priority areas. Cecp also supported company deep dives on topics in virtual learning session that build community on topics such as stem education.strategy engagement & growthcecp engaged its corporate coalition with regular meetings to share insights, develop new partnerships, explore opportunities where cecp could be of support. Cecp's ceo investor forum hosted corporate leaders and institutional investors representing $1.2 trillion in aum attending ceo presentations on corporations' long-term plans on sustainable value creation to institutional investors. Communications and marketing support: cecp provided communications counsel to companies and utilized its outreach channels to highlight stories of corporate purpose excellence, including the company spotlight newsletter series, purpose weekly emails, weekly kickstart emails, linkedin content, monthly videos for ceos, the goldies award and the charlie award. Cecp generated dozens of top-tier business articles; managed design and communications for events such as ceo and corporate leader in person and virtual roundtables, cecp summit, and board of boards; operated a speakers' bureau for cecp staff to share content at conferences all over the world; and developed marketing materials such as a brochure, one pagers, and presentation decks, to share its value. Cecp supported the needs of its companies by sharing resources in the areas of employee engagement; corporate purpose; sustainability; and societal engagement, including the corporate purpose: driving business value, global impact at scale, and giving in numberstm reports.

Operating model

Revenue model
Membership-supported. 70% of the money available for current operations came from membership dues.
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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 74
  • Accountability: 87
  • Sustainability: 37
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.5%; rating input score 66
  • Program expense ratio: 70.3%; rating input score 70
  • Fundraising efficiency: $107.86 raised per $1 spent on fundraising; rating input score 87; 87th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 94.4%; rating input score 94; 25th 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: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 6.2%; rating input score 54; 54th percentile among comparable filings
  • Total-asset coverage ratio: 0.83; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: 0.58; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 43.3%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: 5% per year; rating input score 100; 40th percentile among comparable filings
  • Revenue growth: 5.2% per year; rating input score 100; 43rd percentile among comparable filings
  • Asset growth: 1.7% per year; rating input score 100; 18th percentile among comparable filings

Details

  • Where the money goes: 66.5% of revenue deployed · 70.3% of spending went to programs
  • Governance: 17 of 18 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $4M in reported program spending
  • Leadership: top reported pay $556K · 32 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $125K reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 11 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Sustainability: Operating margin scored 54/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.