2024-11-14T10:33:22-06:00 2023-12-31 420714325 RSM US LLP 920 5TH AVENUE SUITE 2800 SEATTLE WA 98104 990 2023-01-01 521764268 BUSINESS FOR SOCIAL RESPONSIBILITY BUSI 4159843205 220 MONTGOMERY STREET 17TH FLOOR SAN FRANCISCO CA 94104 MIKE ZEITOUNY CFO 4159843205 2024-11-13 1 1 SUE ROBISON P00560072 2062814444 2024-11-13 2023 2024-10-15 13:58:12Z ARON CRAMER 220 MONTGOMERY STREET 17TH FLOOR SAN FRANCISCO CA 94104 41646136 0 X WWW.BSR.ORG X 1991 DC TO WORK WITH BUSINESS TO CREATE A JUST AND SUSTAINABLE WORLD. 9 8 176 8 0 0 9959985 7704693 32412229 33927182 -381609 13203 1149 1058 41991754 41646136 0 0 0 0 26326026 28972077 0 0 0 10274258 10656748 36600284 39628825 5391470 2017311 32435759 34779429 16598608 16934315 15837151 17845114 X BSR IS A GLOBAL NONPROFIT ORGANIZATION THAT WORKS WITH ITS NETWORK OF MORE THAN 300 MEMBER COMPANIES TO BUILD A JUST AND SUSTAINABLE WORLD. FROM ITS OFFICES IN ASIA, EUROPE, AND NORTH AND SOUTH AMERICA, BSR DEVELOPS SUSTAINABLE BUSINESS STRATEGIES AND SOLUTIONS. 0 0 3017367 2437332 HER PROJECTBSR'S HERPROJECT IS A COLLABORATIVE INITIATIVE THAT STRIVES TO EMPOWER LOW-INCOME WOMEN WORKING IN GLOBAL SUPPLY CHAINS. BRINGING TOGETHER GLOBAL BRANDS, THEIR SUPPLIERS, AND LOCAL NGOS, HERPROJECT DRIVES IMPACT FOR WOMEN AND BUSINESS VIA WORKPLACE-BASED INTERVENTIONS ON HEALTH, FINANCIAL INCLUSION, AND GENDER EQUALITY. SINCE ITS INCEPTION IN 2007, HERPROJECT HAS WORKED IN MORE THAN 1,000 WORKPLACES ACROSS 17 COUNTRIES AND HAS INCREASED THE WELL-BEING, CONFIDENCE, AND ECONOMIC POTENTIAL OF MORE THAN 1,225,000 WOMEN AND 775,000 MEN. 2671787 9328076 HUMAN RIGHTSWE DRAW ON A TEAM OF NEARLY 20 HUMAN RIGHTS EXPERTS AND A NETWORK OF PARTNERS FROM BUSINESS AND CIVIL SOCIETY TO TACKLE GLOBAL CHALLENGES AND HELP COMPANIES IN ALL SECTORS MEET AND EXCEED GLOBAL HUMAN RIGHTS STANDARDS. OUR WORK INCLUDES SURVEYING AND BENCHMARKING HUMAN RIGHTS PRACTICES AND POLICIES ACROSS INDUSTRIES TO AID OUR MEMBER COMPANIES' EFFORTS TO CRAFT COMPREHENSIVE, RESPONSIBLE APPROACHES TO HUMAN RIGHTS. 2414761 7738514 SUSTAINABILITY MANAGEMENTWE DRAW ON 25 YEARS OF EXPERIENCE WORKING WITH COMPANIES AND THEIR STAKEHOLDERS ACROSS DIFFERENT INDUSTRIES AND GEOGRAPHIES. WE CAN:-WORK WITH COMPANIES TO DESIGN AND IMPLEMENT SUSTAINABILITY STRATEGIES AND INCORPORATE SUSTAINABILITY INTO CORE CORPORATE STRATEGY.-ADVISE ON MORE EFFECTIVE AND IMPACTFUL REPORTING APPROACHES.-HELP COMPANIES UNDERSTAND AND ENGAGE STAKEHOLDERS AND BUILD TRUST, BOTH AT THE CORPORATE LEVEL AND IN SPECIFIC GEOGRAPHIES OR SERVICE AREAS.-ADVISE COMPANIES ON A RAFT OF NEW ETHICS AND TRANSPARENCY CHALLENGES AND HELP BUILD ORGANIZATIONAL CULTURES WHERE INTEGRITY AND SUSTAINABILITY ARE CORE CONSIDERATIONS. 20496154 14423260 CLIMATE CHANGETO FULFILL THE PARIS AGREEMENT'S VISION OF A NET-ZERO GREENHOUSE GAS EMISSIONS ECONOMY BY 2050, WE WORK WITH COMPANIES TO DELIVER 1.5C-ALIGNED CLIMATE GOALS, TRANSFORM THEIR VALUE CHAINS, MANAGE CLIMATE RISKS, AND ADVANCE CLIMATE JUSTICE. WE TAILOR OUR WORK TO THE SPECIFIC NEEDS OF EACH COMPANY AND INDUSTRY. WE'LL HELP YOUR BUSINESS ALIGN WITH THE 1.5C AMBITION AND TAKE CREDIBLE ACTION THROUGH A VARIETY OF OFFERINGS, INCLUDING:-SUPPLY CHAIN (SCOPE 3) STRATEGY AND IMPLEMENTATION, INCLUDING SUPPLIER ENGAGEMENT AND COMMODITIES DECARBONIZATION-NET-ZERO/SCIENCE-BASED FEASIBILITY, GOAL SETTING, TRANSFORMATION STRATEGY AND ROADMAPS-CLIMATE SCENARIO ANALYSIS ALIGNMENT WITH TCFD THROUGH INTEGRATION OF CLIMATE RISKS INTO RISK MANAGEMENT, CLIMATE JUSTICE STRATEGY, STAKEHOLDER ENGAGEMENT, AND PARTNERSHIP DEVELOPMENT-CLIMATE INVESTMENT BEYOND THE VALUE CHAIN, INCLUDING CARBON CREDITS AND CLIMATE INVESTMENT STRATEGY-CLIMATE RISK MANAGEMENTEQUITY, INCLUSION, AND JUSTICE (EIJ)BSR HELPS COMPANIES TO BUILD A MORE EQUITABLE WORLD THROUGH SOCIALLY JUST BUSINESS PRACTICES. USING AN EQUITY-FIRST APPROACH, SPECIFIC TO THE UNIQUE NEEDS OF EACH INDUSTRY, BSR WILL WORK WITH YOU TO IMPLEMENT AND DRIVE EQUITABLE PROCESSES AND OUTCOMES, INCREASE ACCESS TO OPPORTUNITY, AND EXPAND PARTICIPATION ACROSS THE BUSINESS ECOSYSTEM. OUR OFFERINGS INCLUDE: LONG-TERM STRATEGIC ROADMAPS TO ADVANCE CHANGE THROUGHOUT THE VALUE CHAIN DETAILED ASSESSMENTS FOCUSED ON EQUITY AND INCLUSION IN GLOBAL AND REGIONAL CONTEXTS FOCUSED STRATEGIES FOR SPECIFIC ISSUES INCLUDING WOMEN'S EMPOWERMENT, LGBTIQ+ RIGHTS, ECONOMIC INCLUSION, AND ACCESS, AMONG OTHER CRITICAL EQUITY PRIORITIES. BRINGING BUSINESS TOGETHER WITH PEERS AND OTHER STAKEHOLDERS TO WORK COLLABORATIVELY TO ADDRESS HIGH-IMPACT ISSUES, EXPLORE EXISTING AND NEW PRACTICES, MOVE IDEAS INTO ACTIONS, AND TO SCALE AND REPLICATE WHAT WORKS. 20496154 14423260 28600069 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 X 41 0 1 176 1 0 1 FR DA CH HK JA SN 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X JULIE KLING 4159843205 220 MONTGOMERY STREET 17TH FLOOR SAN FRANCISCO CA 94104 ARON CRAMER PRESIDENT & CEO 40.00 X X 539396 0 55296 ALESSANDRO CARLUCCI BOARD CHAIR 2.00 X 0 0 0 ADAM WERBACH BOARD DIRECTOR 2.00 X 0 0 0 GERALYN RITTER BOARD DIRECTOR 2.00 X 0 0 0 KATE BRANDT BOARD DIRECTOR 2.00 X 0 0 0 LAURENCE PESSEZ BOARD DIRECTOR 2.00 X 0 0 0 PEK SIOK LAN BOARD DIRECTOR 2.00 X 0 0 0 ROSE STUCKEY KIRK BOARD DIRECTOR 2.00 X 0 0 0 SUSAN MAC CORMAC BOARD DIRECTOR 2.00 X 0 0 0 LAURA S GITMAN - COO (THROUGH 04/23), CIO (EFF. 05/23) 40.00 X 358000 0 55546 MIKE ZEITOUNY CFO 40.00 X 359331 0 39371 MATTHEW WELCH COO (AS OF 05/23) 40.00 X 223180 0 9054 DUNSTAN HOPE VICE PRESIDENT 40.00 X 313447 0 26341 DAVID WEI - MANAGING DIR CLIMATE & NATURE 40.00 X 214644 0 63302 DAVID E STEARNS - MANAGING DIRECTOR, MARKETING & COMMUNICATION 40.00 X 243770 0 23338 JENNY VAUGHAN - MANAGING DIR HUMAN RIGHTS 40.00 X 215566 0 49059 JENNIFER STARK - CO-DIRECTOR CENTER FOR BUSINESS & SOC. JUSTICE 40.00 X 229290 0 6978 2696624 0 328285 64 0 1 0 TRANSITIONS 21 RUE DU FAUBOURG SAINT ANTOINE PARIS FR 75011 IMPLEMENTATION CONTRACTOR 1043183 CENTRE FOR PROMOTION OF QUALITY OF LIFE 205 STREET 9A HO CHI MINH CITY VM IMPLEMENTATION CONTRACTOR 262637 ALEXANDRA CHILVERS 71-75 SHELTON STREET COVENT GARDEN LONDON UK IMPLEMENTATION CONTRACTOR 246636 CATALYST MANAGEMENT SERVICES PVT LTD 25 4TH FLOOR AECS LAYOUT BANGALORE IN IMPLEMENTATION CONTRACTOR 181925 TRAPP TECHNOLOGY 2600 N CENTRAL AVE SUITE 1100 PHOENIX AZ 85004 IT SERVICE DESK SUPPORT 167730 11 7704693 7704693 CONSULTING REVENUE 561499 24257949 24257949 MEMBERSHIP DUES 561499 9116614 9116614 CONTRACT SERVICES 561499 552619 552619 33927182 13203 13203 OTHER INCOME 900099 1058 1058 1058 41646136 33927182 0 14261 1639173 1639173 20848992 17537929 3311063 808710 490351 318359 2434683 1843453 591230 3240519 2544756 695763 4538137 4220018 318119 200599 66670 133929 247494 41064 206430 53605 36551 17054 252057 88505 163552 1088166 44064 1044102 1560179 98865 1461314 1135559 1095509 40050 323094 291014 32080 213653 213653 180189 185 180004 TAXES & FEES 484013 24547 459466 RECRUITING/DEVELOPMENT 280732 123371 157361 MISCELLANEOUS 54437 8449 45988 PRODUCTION 44834 44768 66 39628825 28600069 11028756 0 13284973 15558996 181615 343417 7273059 7763185 5811062 5250463 519 0 330509 519627 1813959 1556511 379525 257448 5174497 5086293 32435759 34779429 3117927 725677 8718324 12296212 4762357 3912426 16598608 16934315 X 5158431 5876513 10678720 11968601 15837151 17845114 32435759 34779429 X 2017311 -9348 X 0 1 X 1 0 X 6091688 3026006 3400219 9959985 7704693 30182591 6091688 3026006 3400219 9959985 7704693 30182591 14685641 15496950 421 347 988 4954 13203 19913 6294 1045 6757 1149 1058 16303 30218807 147104851 0.51280 0.47290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 198680 193722 4958 692461 525656 166805 922818 837133 85685 257448 LEASE DEPOSITS 970156 VAT REFUNDS RECEIVABLE 885 OPERATING LEASE RIGHT-OF-USE ASSETS 3599305 DEFERRED COMPENSATION PLAN 515947 5086293 OPERATING LEASE 3912426 3912426 X 41646136 0 41646136 0 41646136 39628825 0 39628825 0 39628825 PART X, LINE 2: BSR HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC), UNDER SECTION 1(D) OF TITLE II OF THE DISTRICT OF COLUMBIA DEPARTMENT OF FINANCE AND REVENUE CODE, AND UNDER SECTION 2370L(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE AND GENERALLY IS NOT SUBJECT TO STATE OR FEDERAL INCOME TAXES. TAXES ARE PAID ON UNRELATED BUSINESS INCOME THAT ARISES FROM CERTAIN CONSULTING SERVICES. THE SUBSIDIARIES AND HONG KONG BRANCH OF BSR ARE ALL SUBJECT TO INCOME TAXES IN FOREIGN JURISDICTIONS. THE CHINESE SUBSIDIARY IS A WHOLLY FOREIGN-OWNED ENTERPRISE AND THE FRENCH SUBSIDIARY IS A 1901 ASSOCIATION. INCOME TAX EXPENSE IS RECORDED BASED ON MANAGEMENTS ESTIMATES OF TAX LIABILITY IN THOSE JURISDICTIONS. TAX EXPENSE RECORDED FOR FOREIGN JURISDICTIONS DURING THE YEARS ENDED DECEMBER 31, 2023 AND 2022 AMOUNTED TO $310,137 AND $138,885, RESPECTIVELY. BSR REVIEWS AND ASSESSES TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN AGAINST THE MORE LIKELY THAN NOT RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTES FOR RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. BSRS POLICY FOR EVALUATING UNCERTAIN TAX POSITIONS IS A TWO-STEP PROCESS. THE FIRST STEP IS TO EVALUATE THE TAX POSITION FOR RECOGNITION BY DETERMINING IF THE WEIGHT OF AVAILABLE EVIDENCE INDICATES THAT IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON AUDIT, INCLUDING RESOLUTION OF RELATED APPEALS OR LITIGATIONS PROCESSES, IF ANY. THE SECOND STEP IS TO MEASURE THE TAX BENEFIT OR LIABILITY AS THE LARGEST AMOUNT THAT IS MORE THAN 50% LIKELY TO BE REALIZED OR INCURRED UPON SETTLEMENT. AS BSR IS EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE IRC AND IS GENERALLY NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES, THE TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN BY BSR HAVE NOT HAD A MATERIAL IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS. THERE WAS NO TAX EXPENSE RECORDED FOR UNRELATED BUSINESS INCOME TAX (UBIT) DURING THE YEARS ENDED DECEMBER 31, 2023 AND 2022. EUROPE (INCLUDING ICELAND & GREENLAND) 2 59 PROGRAM SERVICES MEMBERSHIP, MANAGEMENT CONSULTING, RESEARCH 10254058 EAST ASIA AND THE PACIFIC 5 24 PROGRAM SERVICES MEMBERSHIP, MANAGEMENT CONSULTING, RESEARCH 2506361 7 83 0 0 7 83 12760419 0 12760419 1 0 1 0 0 0 X X 0 0 0 0 0 0 0 0 0 ARON CRAMER PRESIDENT & CEO 444443 0 94953 0 0 0 9900 0 45396 0 594692 0 0 0 LAURA S GITMAN - COO (THROUGH 04/23), CIO (EFF. 05/23) 303337 0 54663 0 0 0 9900 0 45646 0 413546 0 0 0 MIKE ZEITOUNY CFO 305833 0 53498 0 0 0 9900 0 29471 0 398702 0 0 0 DUNSTAN HOPE VICE PRESIDENT 275110 0 38337 0 0 0 9440 0 16901 0 339788 0 0 0 DAVID WEI - MANAGING DIR CLIMATE & NATURE 197137 0 17507 0 0 0 6807 0 56495 0 277946 0 0 0 DAVID E STEARNS - MANAGING DIRECTOR, MARKETING & COMMUNICATION 228924 0 14846 0 0 0 7337 0 16001 0 267108 0 0 0 JENNY VAUGHAN - MANAGING DIR HUMAN RIGHTS 200343 0 15223 0 0 0 6463 0 42596 0 264625 0 0 0 JENNIFER STARK - CO-DIRECTOR CENTER FOR BUSINESS & SOC. JUSTICE 229290 0 0 0 0 0 6882 0 96 0 236268 0 0 0 MATTHEW WELCH COO (AS OF 05/23) 223180 0 0 0 0 0 5920 0 3134 0 232234 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS COMPLETED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANT AND REVIEWED BY THE CONTROLLER, TREASURER, AND AUDIT COMMITTEE. THE FINAL FORM 990 IS PROVIDED TO THE BOARD FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BSR'S CONFLICTS OF INTEREST POLICY APPLIES TO THE BOARD OF DIRECTORS AND OFFICERS. THE BOARD OF DIRECTORS REVIEW ANY POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS. APPROPRIATE CORRECTIVE ACTION WILL BE TAKEN BY THE BOARD TO ENSURE THAT A CONFLICT OR POTENTIAL CONFLICT DOES NOT OCCUR. ALL OFFICERS AND BOARD MEMBERS ARE REQUIRED TO REVIEW AND SIGN AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO IS REVIEWED AND ESTABLISHED BY THE BOARD FOLLOWING A REVIEW OF DATA FROM COMPARABLE ORGANIZATIONS. BOARD MEMBERS ARE INDEPENDENT WITH RESPECT TO THE EMPLOYEES FOR WHOM COMPENSATION IS BEING ESTABLISHED. THE COMPENSATION DECISION IS DOCUMENTED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTERST POLICY AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY TRANSLATION -9,348. 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