Council for Inclusive Capitalism

Nonprofit profile at a glance

EIN
834368823
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
2039873660
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Professional Societies, Associations

Reported finances

Revenue
$1,754,123
Expenses
$1,865,185
Assets
$2,356,090
Liabilities
$37,819

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

Leadership & pay

7 people listed

Executive titles in this filing

  • MICHAEL CLYNE (EXECUTIVE DIRECTOR/COO)

Highest reported compensation

  • MICHAEL CLYNE (EXECUTIVE DIRECTOR/COO): $215,000 total reported compensation
  • ALEXANDRA ROGAN (EMPLOYEE): $215,000 total reported compensation
  • JONATHAN GRAJEDA (SENIOR MANAGER): $124,800 total reported compensation

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

Overview

Mission

Working to harness the private sector to create a more inclusive, sustainable, and trusted economic system that addresses the needs of people and the planet.

What it reported doing in 2024

The council brings together global business leaders to work toward harnessing the power of business for good. The aim of the council is to determine the best solutions to reform the global economic systems and making them more inclusive for the greater service to society. The council aims to persuade the organizations with which the council has a relationship to commit to specific actions that will mobilize the private sector to promote inclusivity, sustainability, dynamism and true inclusive capitalism around the world. The council will provide thought leadership: educating other businesses to take more responsible actions and a framework to demonstrate their commitments and progress. In addition, there were donated services and related expenses included in accomplishing the program service activity that are not included in the amount above.

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 70
  • Accountability: 95
  • Sustainability: 33
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.4%; rating input score 82
  • Program expense ratio: 76.5%; rating input score 77
  • Fundraising efficiency: $9.36 raised per $1 spent on fundraising; rating input score 36; 36th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • 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: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -6.3%; rating input score 22; 22nd percentile among comparable filings
  • Total-asset coverage ratio: 1.26; rating input score 50; 50th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 65; 65th percentile among comparable filings
  • Officer compensation ratio: 36.2%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 24.8% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: 16.5% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: 29.9% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 82.4% of revenue deployed · 76.5% of spending went to programs
  • Governance: 3 of 3 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.4M in reported program spending
  • Leadership: top reported pay $215K · 7 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 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.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 36/100.
  • High — Sustainability: Operating margin scored 22/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 50/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.