CERES INC

EIN: 223053747 501(c)(3) Environment

BOSTON, MA

Total Revenue
$40,920,450
Total Expenses
$44,254,220
Total Assets
$39,036,636
Net Assets
$33,534,885
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
MA
Principal Officer
MINDY LUBBER
Phone
6172470700
Tax Period
2023-11-01 to 2024-10-31

CERES INC, founded in 1990, is a mid-sized nonprofit in the Environment sector that reported $40.9M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

CERES IS A NONPROFIT ADVOCACY ORGANIZATION WORKING TO ACCELERATE THE TRANSITION TO A CLEANER, MORE JUST, AND RESILIENT WORLD. THROUGH EDUCATION AND RESEARCH, WE MAKE THE BUSINESS CASE FOR ACTION ON THE MOST PRESSING SUSTAINABILITY CHALLENGES FACING OUR ECONOMY TODAY: CLIMATE CHANGE, WATER SCARCITY AND POLLUTION, AND NATURE AND BIODIVERSITY LOSS. WITH DATA-DRIVEN RESEARCH AND EXPERT ANALYSIS, WE INSPIRE INVESTORS AND COMPANIES TO ACT ON THESE GLOBAL CHALLENGES AND ADVOCATE FOR MARKET AND POLICY SOLUTIONS.

Program Service Accomplishments

Program 1
Expenses: $18,934,230 Revenue: $1,281,364

ACCELERATING SUSTAINABLE CAPITAL MARKET: SEE SCHEDULE OACCELERATING SUSTAINABLE CAPITAL MARKET: THE CERES ACCELERATOR FOR SUSTAINABLE CAPITAL MARKETS AIMS TO IMPROVE THE PRACTICES AND POLICIES THAT...

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ACCELERATING SUSTAINABLE CAPITAL MARKET: SEE SCHEDULE OACCELERATING SUSTAINABLE CAPITAL MARKET: THE CERES ACCELERATOR FOR SUSTAINABLE CAPITAL MARKETS AIMS TO IMPROVE THE PRACTICES AND POLICIES THAT GOVERN CAPITAL MARKETS TO REDUCE THE FINANCIAL IMPACTS OF CLIMATE CHANGE AND PROMOTE OPPORTUNITIES ASSOCIATED WITH THESE CHANGES. WE EDUCATE AND ENGAGE REGULATORS, FINANCIAL INSTITUTIONS, INVESTORS, INSURERS AND CORPORATE BOARDS TO ACT ON CLIMATE RISK AS A SYSTEMIC FINANCIAL RISK.CERES MEANINGFULLY ENGAGES WITH INVESTORS, COMPANIES, POLICYMAKERS, AND REGULATORS TO BUILD RESPONSIBLE LEADERSHIP AND SPUR REAL ECONOMIC CHANGE. WE:- DELIVER CLEAR, DATA-DRIVEN RESEARCH AND INSIGHTS ON FINANCIAL RISKS AND MARKET OPPORTUNITIES THAT MAKE THE BUSINESS CASE FOR ACTION.- EDUCATE AND SUPPORT INVESTORS AND COMPANIES TO SET PRACTICAL GOALS, DEVELOP TRANSITION PLANS, AND IMPLEMENT STRATEGIES THAT BOOST PROFITABILITY AND COMPETITIVENESS.- ENGAGE STATE AND FEDERAL POLICYMAKERS ON BOTH SIDES OF THE AISLE TO ADVANCE MARKET-BASED POLICIES.- LEAD GLOBAL INITIATIVES THAT ENCOURAGE INNOVATION, INCREASE ACCOUNTABILITY, AND IMPROVE TRANSPARENCY.- HOST HIGH-LEVEL GATHERINGS TO FOSTER COLLABORATION AND PARTNERSHIPS AND SHOWCASE MEANINGFUL ECONOMIC PROGRESS.

Program 2
Expenses: $5,238,899 Revenue: $1,069,104

POLICY: SEE SCHEDULE OPOLICY: THE CERES POLICY NETWORK REPRESENTS SOME OF THE MOST WELL-KNOWN U.S. BRANDS THAT HAVE EMERGED AS LEADING ADVOCATES FOR CLIMATE AND CLEAN ENERGY POLICIES AT THE STATE AND...

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POLICY: SEE SCHEDULE OPOLICY: THE CERES POLICY NETWORK REPRESENTS SOME OF THE MOST WELL-KNOWN U.S. BRANDS THAT HAVE EMERGED AS LEADING ADVOCATES FOR CLIMATE AND CLEAN ENERGY POLICIES AT THE STATE AND FEDERAL LEVEL. BASED ON OUR EXTENSIVE RESEARCH AND THOUGHT LEADERSHIP, WE WORK WITH MAJOR U.S COMPANIES, EDUCATING THEM AND EQUIPPING THEM WITH THE NECESSARY TOOLS AND KNOWLEDGE TO COLLECTIVELY ADVOCATE FOR POLICY SOLUTIONS AT THE STATE AND FEDERAL LEVELS. NETWORK MEMBERS ARE ENCOURAGED TO SUPPORT POLICIES THAT PRIORITIZE CLEAN ENERGY TECHNOLOGIES AND RECOGNIZING CLIMATE-RELATED FINANCIAL RISKS TO UNLOCK NEW BUSINESS OPPORTUNITIES AND FOSTER INNOVATION AND JOB GROWTH. THROUGH IN-PERSON MEETINGS WITH POLICYMAKERS ACROSS THE POLITICAL SPECTRUM, SIGN-ON ADVOCACY LETTERS, SPEAKING ENGAGEMENTS, AND OP-ED PLACEMENT, THE CERES POLICY NETWORK PROVIDES MEMBERS WITH NUMEROUS OPPORTUNITIES TO MAKE THE BUSINESS CASE FOR BUILDING A CLEANER, JUST AND MORE RESILIENT ECONOMY. CERES DOES NOT CONTRIBUTE TO OR BECOME INVOLVED IN POLITICAL CAMPAIGNS.

Program 3
Expenses: $4,240,904 Revenue: $42,195

CLIMATE AND ENERGY: SEE SCHEDULE OCLIMATE AND ENERGY: CERES EDUCATES AND SUPPORTS INVESTORS, COMPANIES, AND POLICYMAKERS TO MAKE THE BUSINESS CASE FOR SENSIBLE CLIMATE ACTION. WE ENGAGE WITH...

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CLIMATE AND ENERGY: SEE SCHEDULE OCLIMATE AND ENERGY: CERES EDUCATES AND SUPPORTS INVESTORS, COMPANIES, AND POLICYMAKERS TO MAKE THE BUSINESS CASE FOR SENSIBLE CLIMATE ACTION. WE ENGAGE WITH INVESTORS AND COMPANIES IN KEY ECONOMIC SECTORS TO HELP IDENTIFY CLIMATE-RELATED FINANCIAL RISKS, CREATE ROBUST TRANSITION ACTION PLANS, AND ENCOURAGE DISCLOSURE, ALL IN THE CONTEXT OF FULFILLING FIDUCIARY DUTY. WE ALSO SUPPORT INVESTORS AND COMPANIES WHO ENGAGE WITH KEY LAWMAKERS AND REGULATORS TO MAKE THE ECONOMIC CASE FOR RESPONSIBLE CLIMATE AND ENERGY POLICIES AT ALL LEVELS OF GOVERNMENT.THE CERES AMBITION 2030 INITIATIVE ADVANCES EFFORTS TO REDUCE CARBON EMISSIONS, CONSISTENT WITH LONG-TERM PROFITABILITY, IN SIX OF THE ECONOMY'S MOST CRITICAL SECTORS - BANKING, ELECTRIC POWER, FOOD AND AGRICULTURE, OIL AND GAS, STEEL, AND TRANSPORTATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $36,311,498
Program Service Revenue $4,357,398
Investment Income $283,830
Other Revenue $-32,276
TOTAL REVENUE $40,920,450

Expense Breakdown

Grants Paid $8,983,926
Salaries & Benefits $27,776,886
Fundraising Expenses $2,939,940
Program Expenses $36,811,214
Other Expenses $7,472,408
TOTAL EXPENSES $44,254,220

Year-over-Year Comparison

2023 2022 Change
Revenue $40,920,450 $43,487,488 -0.1%
Expenses $44,254,220 $41,602,787 +0.1%
Net Income $-3,333,770 $1,884,701 -2.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
22
Independent Members
21
Employees
285
Volunteers
59

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
11
$1,705,492
Total Directors
26
$352,687
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGES BENJAMIN DIRECTOR (UNTIL OCT. 2024) 5.00
Director
$0 $0 $0
LOREN BLACKFORD DIRECTOR 5.00
Director
$0 $0 $0
BILL DAVIS DIRECTOR 5.00
Director
$0 $0 $0
TONY DAVIS CO-CHAIR 5.00
Officer Director
$0 $0 $0
THOMAS DINAPOLI DIRECTOR 5.00
Director
$0 $0 $0
VERONICA EADY DIRECTOR 5.00
Director
$0 $0 $0
MICHAEL FRERICHS DIRECTOR 5.00
Director
$0 $0 $0
MARCIE FROST DIRECTOR 5.00
Director
$0 $0 $0
MICHEL GELOBTER DIRECTOR (UNTIL OCT. 2024) 5.00
Director
$0 $0 $0
CHRIS GOOLGASIAN DIRECTOR 5.00
Director
$0 $0 $0
RALPH IZZO DIRECTOR 5.00
Director
$0 $0 $0
KIRSTY JENKINSON DIRECTOR 5.00
Director
$0 $0 $0
BRAD LANDER DIRECTOR 5.00
Director
$0 $0 $0
ROBERT LITTERMAN DIRECTOR 5.00
Director
$0 $0 $0
BERTRAND MILLOT DIRECTOR 5.00
Director
$0 $0 $0
JACQUELINE PATTERSON DIRECTOR 5.00
Director
$0 $0 $0
JANET RANGANATHAN CO-CHAIR 5.00
Officer Director
$0 $0 $0
PETER ROSENBLUM DIRECTOR (UNTIL OCT. 2024) 5.00
Director
$0 $0 $0
BARNEY SCHAUBLE CHAIR (UNTIL JUNE 2024) 5.00
Officer Director
$0 $0 $0
ALICIA SEIGER SECRETARY 5.00
Officer Director
$0 $0 $0
ANNE SIMPSON DIRECTOR 5.00
Director
$0 $0 $0
DEBBIE SIMPSON DIRECTOR 5.00
Director
$0 $0 $0
VIEN TRUONG DIRECTOR 5.00
Director
$0 $0 $0
ION YADIGAROGLU DIRECTOR 5.00
Director
$0 $0 $0
BETTY YEE TREASURER 5.00
Officer Director
$0 $0 $0
MINDY LUBBER CEO AND PRESIDENT 40.00
Officer Director
$311,427 $41,260 $352,687
SUSAN SAYERS CHIEF DEVELOPMENT OFFICER 40.00
Officer
$288,120 $41,852 $329,972
DAWN MARTIN UNTIL AUG 2024 EXEC. VP & CHIEF PROGRAM OFFICER 40.00
Officer
$255,415 $25,089 $280,504
SUSAN BOYER CHIEF FINAN. & ADMIN. OFFICER 40.00
Officer
$252,762 $43,764 $296,526
DONNA DANIELS CHIEF PEOPLE & DIVERSITY OFFICER 40.00
Officer
$216,420 $22,499 $238,919
MICHAEL BOUDETT GENERAL COUNSEL 40.00
Officer
$198,392 $8,492 $206,884
STEVEN ROTHSTEIN MANAGING DIRECTOR 40.00
Highest
$235,895 $36,844 $272,739
DAVID ZIV-KREGER VP, FOUNDATION DEVELOPMENT 40.00
Highest
$215,795 $38,892 $254,687
ANNE KELLY VP, GOVERNMENT RELATIONS 40.00
Highest
$214,649 $9,275 $223,924
KIRSTEN SPALDING VP, INVESTOR NETWORK 40.00
Highest
$202,771 $50,761 $253,532
LESLIE CORDES VP, PROGRAMS 40.00
Highest
$200,759 $10,899 $211,658
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $40,920,450 $44,254,220 $39,036,636 $-3,333,770
2023 $43,487,488 $41,602,787 $43,309,140 $1,884,701
2022 $31,657,448 $36,447,020 $41,047,029 $-4,789,572
2021 $44,457,965 $26,847,267 $45,325,366 $17,610,698
2020 $24,614,571 $21,716,189 $29,352,442 $2,898,382
2019 $20,910,907 $18,499,663 $23,270,128 $2,411,244
2018 $20,312,659 $16,823,121 $20,690,578 $3,489,538
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