Overview
What is Chief Executives For Corporate Purpose Inc?
Chief Executives For Corporate Purpose Inc, often referred to as CECP, is a CEO-led coalition based in New York City. Their mission is to improve societal outcomes by advocating for companies to integrate social strategies into their business models. CECP achieves this by engaging with key stakeholders such as employees, communities, investors, and customers. They facilitate meetings, presentations, and customized support for hundreds of affiliated companies quarterly, leveraging the insights gained to share knowledge more broadly. CECP has a significant online knowledge center and provides customized benchmarking reports for companies to evaluate their performance and strategies. They conduct annual research studies and publish reports on corporate giving data, aiming to enhance social and business impact. The organization also offers support, research, counsel, and advice to large companies' corporate societal engagement activities through its Global Exchange Partnership. CECP executes accelerate research projects and hosts events to further these efforts, serving as a trusted adviser on measurement using scorecard-driven approaches. With over 26 employees, CECP plays a crucial role in promoting corporate responsibility and creating a better world through business.
Official website here: www.cecp.co
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star rating
Chief Executives For Corporate Purpose Inc has achieved a Three-Star rating from Charity Navigator, reflecting a solid score of 77%. The organization demonstrates strong accountability and financial management, evidenced by a perfect score in several categories, including an independent board and robust audit practices. Its program expense ratio of 72.26% indicates that a significant portion of funds is directed towards its mission.
The nonprofit shows a commendable commitment to transparency and governance, with policies in place for conflict of interest and whistleblower protections. This high level of oversight is further reinforced by a majority of independent board members, which enhances the organization's integrity in operations. Its fundraising efficiency is also noteworthy, with low costs relative to contributions raised.
However, while the organization performs well in accountability and finance, the lower weight assigned to culture and community (10% of the overall score) suggests that there may be room for improvement in community engagement or program outreach. Overall, the organization appears to be financially sound and well-managed, but it may benefit from focusing on enhancing its cultural impact within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Chief Executives For Corporate Purpose Inc legitimate?
Chief Executives For Corporate Purpose Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chief Executives For Corporate Purpose Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,520,192
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,909,540
For more financial information, click here
Official website here: www.cecp.co
What is the mission statement of Chief Executives For Corporate Purpose Inc?
Chief Executives For Corporate Purpose Inc's mission is centered around improving the world through business. As a CEO-led coalition, they believe that a company's social strategy, encompassing its engagement with employees, communities, investors, and customers, significantly impacts its success. Their activities involve connecting with affiliated companies, gathering insights, and providing guidance to advance progress towards set goals. These insights are shared widely through their online knowledge center and customized support. CECP also convenes affiliated companies for networking opportunities and provides customized benchmarking and annual research studies to aid in strategic improvements for greater social and business impact. They also foster partnerships with companies, executing research projects to advance knowledge in priority areas.
Official website here: www.cecp.co
Who is the CEO of Chief Executives For Corporate Purpose Inc?
Daryl Brewster is the Ceo/Secretary of Chief Executives For Corporate Purpose Inc. The CEO's salary of Chief Executives For Corporate Purpose Inc is $410,619 and their total compensation is $460,815.
Official website here: www.cecp.co
What is the revenue of Chief Executives For Corporate Purpose Inc?
Chief Executives For Corporate Purpose Inc's revenue in 2022 was $4,983,700.
Official website here: www.cecp.co
Who are the executives of Chief Executives For Corporate Purpose Inc and what are their salaries?
The average compensation at Chief Executives For Corporate Purpose Inc during 2022 was $131,913. There are 26 employees and 23 volunteers at Chief Executives For Corporate Purpose Inc.
Here are 29 key members and their salaries (Chief Executives For Corporate Purpose Inc's CEO's salary is $410,619 and their total compensation is $460,815):
- Compensation: $410,619
- Related: $0
- Other: $50,196
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- Compensation: $122,262
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- Other: $4,835
- Compensation: $256,016
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- Other: $52,948
- Compensation: $199,375
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- Other: $44,425
- Compensation: $218,600
- Related: $0
- Other: $10,050
- Compensation: $177,902
- Related: $0
- Other: $10,222
- Compensation: $131,859
- Related: $0
- Other: $7,010
- Compensation: $107,667
- Related: $0
- Other: $10,828
Official website here: www.cecp.co
Where can I find the form 990 for Chief Executives For Corporate Purpose Inc?
Chief Executives For Corporate Purpose Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cecp.co
Learn more at the official website: www.cecp.co
Mission Statement of Chief Executives For Corporate Purpose Inc
Chief Executives For Corporate Purpose Inc, often referred to as CECP, is a CEO-led coalition with a mission to create a better world through business. The organization believes that a company's social strategy, encompassing its engagement with key stakeholders such as employees, communities, investors, and customers, significantly influences its overall success. CECP's mission is to facilitate this process, connecting with affiliated companies quarterly to advance progress towards their goals and sharing knowledge more broadly through various platforms.
CECP conducts meetings, presentations, and customized support to help companies advance towards their objectives. The insights gained from these interactions are then shared more broadly through CECP's online knowledge center or through customized support provided by their insights team. CECP also convenes affiliated companies in a two-day summit, offering content and networking opportunities for over 150 giving professionals. Furthermore, CECP provides customized benchmarking, leveraging its exclusive database of survey data, allowing companies to evaluate their performance and strategies.
CECP's annual research study of corporate giving data involves approximately 300 leading corporations, resulting in reports such as "Giving in Numbers" and "Investing in Society," which are available free of charge on CECP's website. The organization also serves as a trusted advisor on measurement, utilizing scorecard-driven approaches to help companies improve their social and business impact. Additionally, CECP's Global Exchange Program expands its network to more organizations, uniting country-based, mission-driven corporate societal affiliate organizations for the purpose of advancing the corporate sector as a force for good around the world.
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Impact
October, 2024
Chief Executives for Corporate Purpose Inc. (CECP) fosters a transformative approach to business by driving the integration of social strategies within corporate frameworks. By convening a CEO-led coalition, CECP underscores the belief that how companies engage with employees, communities, investors, and customers is pivotal to long-term success.
Through extensive corporate insights and advisory services, CECP connects hundreds of affiliated companies quarterly, providing customized support and facilitating knowledge sharing. Their annual research studies, which attract participation from approximately 300 leading corporations, produce valuable reports like "Giving in Numbers" and "Investing in Society," offering critical benchmarking data that assists companies in evaluating and improving their social impact strategies.
CECP's initiatives, such as the Global Exchange Program, strengthen international collaboration with organizations that advocate for businesses as a force for good. The program not only shares resources and best practices but also empowers companies across different countries to enhance their corporate societal engagement.
Furthermore, CECP's focus on sectors like biopharma illustrates its role as a trusted adviser in creating sustainable value. Events like the CEO Investor Forum effectively bridge connections between companies and institutional investors, fostering discussions on vital topics like sustainability and corporate diversity.
CECP also emphasizes the importance of effective communication, assisting companies in articulating their corporate narratives and showcasing their contributions to societal betterment. By generating top-tier business articles and sharing practical resources on employee engagement and corporate purpose, CECP amplifies the voices of its member organizations.
In summary, CECP significantly impacts corporate America by instilling a stronger sense of purpose and social responsibility in business practices, ensuring that companies do not just pursue profit but also contribute positively to society at large.
This information is meant to be a general summary of Chief Executives For Corporate Purpose Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $7,404
- Program Service Revenue: $322,850
- Gross Receipts: $4,983,700
Assets and Liabilities:
- Total Assets: $5,438,275
- Total Liabilities: $2,911,312
- Net Assets: $2,526,963
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACCELERATE PROJECTS
Revenue
$282,850
OTHER PROGRAM REVENUE
Revenue
$40,000
Organization Details
Founding Year
1998
Phone
(212) 825-1000Principal Officer
Daryl Brewster
Main Address
447 BROADWAY 2ND FL 547, NEW YORK, NY, 10013
Website
www.cecp.coNTEE Category
Code: T50 - Philanthropy
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