2024-11-15T08:50:13-06:00 2023-12-31 812950760 SAX LLP 1040 AVENUE OF THE AMERICAS-16TH FL NEW YORK NY 10018 990 2023-01-01 161756484 FOUNDATION FOR THE GLOBAL COMPACT FOUN 2129071309 685 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 ALEX STEIN MANAGING DIRECTOR 2129071309 2024-11-15 1 0 MIKE SCHALL P02024184 2122682804 2024-11-15 2023 2024-10-15 13:58:12Z ALEX STEIN 685 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 49192444 0 X WWW.GLOBALCOMPACTFOUNDATION.ORG X 2006 NY RAISE FUNDS SUPPORTING WORK OF THE UN GLOBAL COMPACT OFFICE AND GLOBAL COMPACT-RELATED ACTIVITIES. 6 6 101 6 0 0 35642609 48663703 126372 474170 5156 54571 0 0 35774137 49192444 4997383 5059479 0 0 8963794 10712291 0 0 687421 21788217 29739286 35749394 45511056 24743 3681388 30642135 30561686 18245882 17349515 12396253 13212171 X THE FOUNDATION FOR GLOBAL COMPACT IS A NON PROFIT ORGANIZATION ESTABLISHED TO HELP RAISE FUNDS TO SUPPORT THE WORK OF THE UN GLOBAL COMPACT OFFICE AND GLOBAL COMPACT-RELATED ACTIVITIES. 0 0 37900868 5059479 474170 THE FOUNDATION SUPPORTED THE UN GLOBAL COMPACT TO PLAN AND IMPLEMENT ITS PROGRAMMATIC GOALS. THE UN GLOBAL COMPACT IS THE LARGEST CORPORATE SUSTAINABILITY INITIATIVE IN THE WORLD, WITH MORE THAN 12,000 COMPANIES AND 3,000 NON-BUSINESS SIGNATORIES BASED IN OVER 160 COUNTRIES, AND 69 LOCAL NETWORKS. BUSINESSES THAT JOIN THE INITIATIVE COMMIT AT THE CEO-LEVEL TO ALIGN THEIR CORPORATE STRATEGIES AND OPERATIONS WITH TEN PRINCIPLES ON HUMAN RIGHTS, LABOUR, ENVIRONMENT AND ANTI-CORRUPTION, AND TAKE ACTIONS TO SUPPORT THE SUSTAINABLE DEVELOPMENT GOALS. THROUGH PROVIDING AUTHORITATIVE GUIDANCE, TRAINING, TOOLS AND SUPPORT, AND CONNECTING STAKEHOLDERS ACROSS THE GLOBE, THE UN GLOBAL COMPACT ENABLES BUSINESSES OF ALL SIZES AND FROM ALL SECTORS TO ACHIEVE THEIR SUSTAINABILITY OBJECTIVES. THE UN GLOBAL COMPACT HAS AN ENDURING TRACK RECORD ON DELIVERING IMPACT, AND WORKS ALONGSIDE SEVERAL STRATEGIC PARTNERS TO DO SO, INCLUDING THE LARGEST RESPONSIBLE INVESTMENT AND RESPONSIBLE MANAGEMENT EDUCATION INITIATIVES IN THE WORLD. THE PRINCIPLES FOR RESPONSIBLE INVESTMENT (PRI) INITIATIVE IS A NETWORK OF INTERNATIONAL INVESTORS THAT COUNTS MORE THAN 20,000 PARTICIPANTS FROM THE FINANCIAL SECTOR WITH MORE THAN US$ 86 TRILLION WORTH OF ASSETS UNDER MANAGEMENT. THE PRINCIPLES FOR RESPONSIBLE MANAGEMENT EDUCATION (PRME) INITIATIVE IS THE LARGEST RESPONSIBLE MANAGEMENT EDUCATION NETWORK IN THE WORLD, WORKING TO TRANSFORM BUSINESS AND MANAGEMENT EDUCATION, RESEARCH AND THOUGHT LEADERSHIP GLOBALLY, AND EDUCATE TOMORROW'S RESPONSIBLE BUSINESS LEADERS.CHANGE HAPPENS ON THE GROUND. TO ACCELERATE THE TRANSFORMATION TOWARDS SUSTAINABLE MARKETS, THE GLOBAL COMPACT IS COMMITTED TO HELPING COMPANIES MAKE THE GLOBAL GOALS LOCAL BUSINESS. THROUGH ITS 69 GLOBAL COMPACT LOCAL NETWORKS, THE UN GLOBAL COMPACT SPANS THE WORLD, WORKING IN BOTH MATURE AND EMERGING MARKETS. IN RECENT YEARS, LOCAL NETWORKS IN DEVELOPING COUNTRIES IN PARTICULAR HAVE EXPERIENCED SIGNIFICANT GROWTH. THROUGH ITS LOCAL NETWORKS, BUSINESSES HAVE A SEAT AT THE TABLE TO HELP SOLVE SOCIAL AND ENVIRONMENTAL CHALLENGES AND TAKE ACTION THROUGH PUBLIC-PRIVATE PARTNERSHIPS. GLOBAL COMPACT LOCAL NETWORKS ARE BUSINESS-LED, MULTI-STAKEHOLDER PLATFORMS THAT WORK DIRECTLY WITH BUSINESSES TO HELP THEM IMPLEMENT THE TEN PRINCIPLES OF THE UN GLOBAL COMPACT AND ADVANCE THE SUSTAINABLE DEVELOPMENT GOALS. THANKS TO THEIR LOCAL AND REGIONAL EXPERTISE, LOCAL NETWORKS ARE UNIQUELY POSITIONED TO HELP COMPANIES UNDERSTAND WHAT RESPONSIBLE BUSINESS MEANS WITHIN DIFFERENT NATIONAL, CULTURAL AND LANGUAGE CONTEXTS. THEY FACILITATE OUTREACH, LEARNING, POLICY DIALOGUE, COLLECTIVE ACTION AND PARTNERSHIPS.TO SUPPORT COMPANIES EVERYWHERE IN ADVANCING THE AMBITIONS OF THE 2030 AGENDA FOR SUSTAINABLE DEVELOPMENT, THE UN GLOBAL COMPACT HAS DEVELOPED A PORTFOLIO OF ACTION PLATFORMS TO ADVANCE RESPONSIBLE BUSINESS ACTIVITIES AND FILL EMERGING GAPS IN MEETING THE GLOBAL GOALS. THROUGH THESE ACTION PLATFORMS, THE UN GLOBAL COMPACT INVITES BUSINESSES TO COLLABORATE WITH LIKE-MINDED PEERS AND EXPERTS TO DEVELOP UNIQUE AND INNOVATIVE APPROACHES TO CRITICAL CORPORATE SUSTAINABILITY ISSUES. ROOTED IN THE TEN PRINCIPLES OF THE UN GLOBAL COMPACT, EACH ACTION PLATFORM CONVENES REPRESENTATIVES FROM BUSINESS, GLOBAL COMPACT LOCAL NETWORKS, ACADEMIA, CIVIL SOCIETY, GOVERNMENT AND THE UNITED NATIONS TO SOLVE COMPLEX AND INTERCONNECTED ISSUES, EXPLORE NEW MARKET OPPORTUNITIES AND INNOVATE AROUND THE GLOBAL GOALS THE UN GLOBAL COMPACT.TO DELIVER IMPACT AT SCALE, THE UN GLOBAL COMPACT IS WORKING WITH ITS BUSINESS PARTICIPANTS AT THE COUNTRY LEVEL THROUGH LOCAL NETWORKS TO GENERATE ACTION THROUGH A SERIES OF GLOBAL IMPACT INITIATIVES THAT ADDRESS KEY GLOBAL CHALLENGES. GLOBAL IMPACT INITIATIVES ARE DESIGNED TO ACCELERATE ACTION, SCALE AND THE MAINSTREAMING OF BEST PRACTICES, INNOVATION AND AMBITION TO SUPPORT THE ACHIEVEMENT OF THE GLOBAL GOALS.AIMS TO MAINSTREAM THE SUSTAINABLE DEVELOPMENT GOALS AMONG BUSINESSES WORLDWIDE. THROUGH IMPLEMENTING MORE INNOVATIVE AND AMBITIOUS BUSINESS STRATEGIES AND FINANCIAL INSTRUMENTS, THE INITIATIVE WILL ENCOURAGE COMPANIES TO THINK CRITICALLY AND CREATIVELY ABOUT THEIR SDG IMPACT. ULTIMATELY, SDG AMBITION SEEKS TO CHALLENGE COMPANIES TO ACCELERATE GLOBAL PROGRESS AND IMPACT TO MAKE THE GLOBAL GOALS A REALITY.FOCUSES ON SCALING UP CORPORATE CLIMATE ACTION BY RAISING AWARENESS, SHOWCASING A HOLISTIC APPROACH TO CORPORATE CLIMATE ACTION AND SUPPORTING SCIENCE-BASED TARGET SETTING. AS A COMPLEMENT TO THE "BUSINESS AMBITION FOR 1.5C OUR ONLY FUTURE" CAMPAIGN, IT WILL ENCOURAGE COMPANIES TO ALIGN THEIR CLIMATE TARGETS WITH A 1.5C PATHWAY THROUGH MITIGATION AND ADAPTATION MEASURES. IT WILL ALSO EMPHASIZE THE IMPORTANCE OF "AMBITION LOOPS," WHERE BOLD BUSINESS LEADERSHIP AND BOLD GOVERNMENT POLICIES REINFORCE EACH OTHER. THE END GOAL OF TARGET CLIMATE 1.5C IS TO FACILITATE A JUST TRANSITION OF OUR GLOBAL ECONOMY TO A NET-ZERO FUTURE BY 2050.CALLS ON COMPANIES TO IDENTIFY YOUNG TALENT WITHIN THEIR ORGANIZATIONS TO GIVE THE NEXT GENERATION OF LEADERS AN OPPORTUNITY TO COLLABORATE WITH PEERS AND ACCELERATE BUSINESS INNOVATIONS TO SUPPORT THE GLOBAL GOALS. IT AIMS TO ACTIVATE FUTURE BUSINESS LEADERS AND CHANGE MAKERS TO DEVELOP AND DRIVE BOLD SOLUTIONS THROUGH NEW TECHNOLOGIES, INITIATIVES AND BUSINESS MODELS THAT ENABLE THE PRIVATE SECTOR TO BE A POWERFUL FORCE FOR GOOD. THE YOUNG SDG INNOVATORS PROGRAM IS DESIGNED TO ENGAGE THE BRIGHTEST AND BEST TALENT TO DELIVER TANGIBLE INNOVATIONS TO SUPPORT THEIR COMPANY'S SUSTAINABILITY OBJECTIVES WHILE ALSO FACILITATING LONG-TERM BUSINESS SUCCESS.SUPPORTING COMPANIES IN SETTING AND REACHING AMBITIOUS CORPORATE TARGETS FOR WOMEN'S REPRESENTATION AND LEADERSHIP ACROSS BUSINESS AND AT ALL LEVELS. THROUGH FACILITATED PERFORMANCE ANALYSIS, CAPACITY BUILDING WORKSHOPS, PEER TO PEER LEARNING AND MULTI-STAKEHOLDER DIALOGUE AT THE COUNTRY-LEVEL, IT HELPS BUSINESS DEEPEN IMPLEMENTATION OF THE WOMEN'S EMPOWERMENT PRINCIPLES. THE INITIATIVE ALSO STRENGTHENS CONTRIBUTIONS TO SUSTAINABLE DEVELOPMENT GOAL 5.5, WHICH CALLS FOR WOMEN'S FULL AND EFFECTIVE PARTICIPATION AND OPPORTUNITY FOR LEADERSHIP, INCLUDING IN ECONOMIC LIFE. AS A GLOBAL IMPACT INITIATIVE, IT AIMS TO ACCELERATE THE PACE OF PROGRESS ON GENDER EQUALITY WITHIN THE PRIVATE SECTOR. 37900868 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 69 0 1 101 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 NY X ALEX STEIN 2129071395 685 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 SIR MARK MOODY-STUART CHAIRMAN 2.00 X X 0 0 0 JAMES V KEARNEY DIRECTOR 2.00 X X 0 0 0 HENRIK O MADSEN DIRECTOR 2.00 X 0 0 0 OLIVER F WILLIAMS DIRECTOR 2.00 X 0 0 0 JOAN G RALL DIRECTOR 2.00 X 0 0 0 MARCIA BALISCIANO DIRECTOR 2.00 X 0 0 0 ALEX STEIN MANAGING DIR. 40.00 X 280990 0 71924 AUDE NAUDET-COQUATRIX GENERAL COUNSEL 40.00 X 156842 0 22438 DEREK MARTIN HEAD, DIGITAL (THROUGH 11/23) 40.00 X 198677 0 43082 CLAUDIA KIRKWALD-ESCOBAR HEAD, MARKETING 40.00 X 162306 0 41245 SEAN CRUSE HEAD, DATA & IT 40.00 X 162787 0 45652 VALERIE VILACHA SUTTON HEAD, OPERATIONS 40.00 X 151926 0 44930 OLAJOBI MAKINWA CHIEF OF INTERGOVERNMENTAL RELATIONS (THROUGH 1/2 40.00 X 149598 0 0 1263126 0 269271 20 0 1 0 LDJ PRODUCTIONS LLC 41 E 11TH STREET 11TH FLOOR NEW YORK NY 10003 EVENT MANAGEMENT 1623682 ACCENTURE 395 9TH AVE NEW YORK NY 10001 STRATEGIC PLANNING 1393045 THE BOSTON CONSULTING GROUP INC 200 PIER 4 BOULEVARD BOSTON MA 02210 STRATEGIC PLANNING 1128345 AGILE FREAKS SRL DORULUI 20/4A SIBIU RO IT ARTCHITECTURE 758993 ZVG LLC 1001 AVENUE OF AMERICAS NEW YORK NY 10018 MEDIA ADVISORY 441800 22 48663703 48663703 EVENT INCOME 900099 474170 474170 474170 54571 54571 49192444 474170 0 54571 X 4797541 4797541 261938 261938 533734 177212 338801 17721 7638294 5602153 1772062 264079 1063329 809205 217488 36636 749983 552699 171565 25719 726951 532680 169139 25132 72146 21786 50360 223085 47565 175520 16853464 14978528 1755194 119742 414779 224693 157168 32918 1701502 618005 1000264 83233 1822057 1337002 427252 57803 1471660 1338165 116374 17121 204032 142853 53862 7317 23308 23308 EVENT EXPENSE 6513925 6317654 196271 BANK CHARGES AND OTHER 439328 141189 298139 45511056 37900868 6922767 687421 2511728 6162277 4000214 1234965 11834319 11055587 576338 1565827 2363337 1474794 304890 888543 11414646 9654487 30642135 30561686 4361081 6063359 958097 638339 12926704 10647817 18245882 17349515 X 11423490 10091531 972763 3120640 12396253 13212171 30642135 30561686 X 3681388 -2865470 X 0 1 X 1 0 X 16839189 24607673 26474639 35642609 48813703 152377813 16839189 24607673 26474639 35642609 48813703 152377813 14884480 137493333 1874 509 364 5156 54571 62474 28361 28361 152468648 2663543 0.90180 0.92970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 392163 269051 123112 1971174 1205743 765431 888543 RESTRICTED CASH 783593 OPERATING LEASE ROU 8848932 FINANCE LEASE ROU 21962 9654487 DUE TO LOCAL NETWORKS 311145 OPERATING LEASE 10286658 FINANCE LEASE 50014 10647817 X 46385353 58379 -2865470 -2807091 49192444 0 49192444 45569435 58379 58379 45511056 0 45511056 PART X, LINE 2: THE FOUNDATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL, UNCERTAIN TAX POSITIONS. TAX FILINGS FOR PERIODS ENDING DECEMBER 31, 2020 AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET OF CHANGE IN ALLOWANCE FOR DOUBTFUL ACCOUNTS -2,865,470. 1 SUB-SAHARAN AFRICA GRANTS PAID LOCAL NETWORK DEVELOPMENT 66904 EAST ASIA AND THE PACIFIC GRANTS PAID LOCAL NETWORK DEVELOPMENT 83534 EUROPE (INCLUDING ICELAND & GREENLAND) GRANTS PAID LOCAL NETWORK DEVELOPMENT 10000 SOUTH AMERICA GRANTS PAID LOCAL NETWORK DEVELOPMENT 90000 0 0 0 0 0 0 250438 0 250438 ASIA GLOBAL OPERATION 83534 WIRE TRANSFER 0 EUROPE GLOBAL OPERATION 10000 WIRE TRANSFER 0 SOUTH AMERICA GLOBAL OPERATION 90000 WIRE TRANSFER 0 AFRICA GLOBAL OPERATION 66904 WIRE TRANSFER 0 0 0 0 0 0 0 1 UN GLOBAL COMPACT 685 THIRD AVENUE NEW YORK NY 10017 471590003 501 (C) (3) 4797541 0 OPERATING SUPPORT 1 PART IV- ADDITIONAL SUPPLEMENTAL INFORMATION THE GLOBAL COMPACT FOUNDATION (THE FOUNDATION) SUPPORTS THE WORK OF THE GLOBAL COMPACT INITIATIVE, WHICH IS MANAGED BY A UNITED NATIONS' ENTITY (GLOBAL COMPACT OFFICE). THE FOUNDATION'S MAIN FUNCTIONS ARE FUNDRAISING TO SUPPORT THE GLOBAL COMPACT INITIATIVE, PROVIDING FINANCIAL AND PROGRAM SUPPORT FOR THE GLOBAL COMPACT INITIATIVE AND ITS ACTIVITIES, AND PROMOTION AND ADVOCACY OF THE GLOBAL COMPACT INITIATIVE AND ITS PRINCIPLES. THE FOUNDATION PROVIDED GRANTS TO COVER A PORTION OF THE OPERATING EXPENSES OF THE GLOBAL COMPACT OFFICE. THESE COSTS ARE CONSIDERED PROGRAM ACTIVITY OF THE FOUNDATION. X X X 1 0 0 0 0 0 0 0 0 ALEX STEIN MANAGING DIR. 280990 0 0 0 0 0 58428 0 13496 0 352914 0 0 0 DEREK MARTIN HEAD, DIGITAL (THROUGH 11/23) 168560 0 0 0 30117 0 26551 0 16531 0 241759 0 0 0 SEAN CRUSE HEAD, DATA & IT 162787 0 0 0 0 0 32156 0 13496 0 208439 0 0 0 CLAUDIA KIRKWALD-ESCOBAR HEAD, MARKETING 162306 0 0 0 0 0 26658 0 14587 0 203551 0 0 0 VALERIE VILACHA SUTTON HEAD, OPERATIONS 151926 0 0 0 0 0 31434 0 13496 0 196856 0 0 0 AUDE NAUDET-COQUATRIX GENERAL COUNSEL 156842 0 0 0 0 0 22438 0 0 0 179280 0 0 0 PART I, LINE 4A DEREK MARTIN RECEIVED SEVERANCE OF $30,117. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT MAINTAIN INDIVIDUAL COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS SENT TO THE FULL BOARD OF DIRECTORS VIA E MAIL PRIOR TO BEING FILED WITH THE IRS. ALL DIRECTORS WERE AFFORDED THE OPPORTUNITY TO ASK QUESTIONS AND OFFER EDITS. THE DECISION OF WHETHER TO MAKE EDITS WAS MADE BY THE STAFF PERSON IN CHARGE OF FINANCES WITHIN THE ORGANIZATION IN CONJUNCTION WITH CONSULTATION WITH OUR TAX PREPARER. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A BOARD APPROVED CONFLICTS OF INTEREST POLICY. EACH BOARD MEMBER MUST FILL OUT AN ANNUAL DECLARATION STATING THEY HAD NO CONFLICTS OR IDENTIFYING THE NATURE OF THEIR INTERESTED PARTY TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15A MEMBERS OF THE BOARD REVIEWED AND CONSIDERED THE SALARIES OF COMPARABLE POSITIONS. BASED ON ITS UNDERSTANDING OF COMPARABLE SALARIED POSITIONS, THE BOARD APPROVED THE CONTRACT WITH THE AMOUNT OF COMPENSATION FOR THE DIRECTOR OF ADMINISTRATION AND MANAGING DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANT SERVICES AND PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 8,385,936. MANAGEMENT AND GENERAL EXPENSES 1,227,491. FUNDRAISING EXPENSES 68,249. TOTAL EXPENSES 9,681,676. PROJECT CONSULTANT AND INDEPENDENT CONTRACTORS: PROGRAM SERVICE EXPENSES 6,021,162. MANAGEMENT AND GENERAL EXPENSES 147,280. FUNDRAISING EXPENSES 51,493. TOTAL EXPENSES 6,219,935. TRANSLATION: PROGRAM SERVICE EXPENSES 344,294. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 344,294. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 213,476. MANAGEMENT AND GENERAL EXPENSES 31,165. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 244,641. RECRUITMENT: PROGRAM SERVICE EXPENSES 13,660. MANAGEMENT AND GENERAL EXPENSES 349,258. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 362,918. FORM 990, PART XI, LINE 9: WRITE-OFFS, NET OF CHANGE IN ALLOWANCE FOR DOUBTFUL ACCOUNTS -2,865,470. CORP SUSTAINABILITY SOLUTIONS LLC 2711 CENTERVILLE RD SUITE 400 WILMINGTON DE 19808 471448199 ESTABLISH FINANCIAL INDEX DE N/A 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0