Nonprofit · EIN 45-2779314
SHIFT PROJECT LTD
Tax-exempt · NEW YORK, NY 10018
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,092,847 | $4,071,708 | $21,139 | $4,117,731 | $1,353,549 | $2,764,182 |
| June 30, 2024 | 990 | $3,326,303 | $3,275,947 | $50,356 | $4,166,803 | $1,423,760 | $2,743,043 |
| June 30, 2023 | 990 | $3,544,680 | $3,110,302 | $434,378 | $3,609,684 | $916,997 | $2,692,687 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,053,458
- of which government grants
- $114,556
- Program service revenue
- $1,936,867
- Investment income
- $98,256
- Other revenue
- $4,266
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $759,511
- Other salaries and wages
- $1,848,700
- Salaries, compensation and benefits (total)
- $3,008,689
- Professional fundraising fees
- $14,000
- Legal fees
- $19,483
- Accounting fees
- $14,326
- Occupancy
- $60,910
- Travel
- $169,055
- Depreciation
- $10,593
- Program services (functional)
- $3,332,393
- Management and general (functional)
- $689,097
- Fundraising (functional)
- $50,218
Balance sheet and other
- Total assets, start of year
- $4,166,803
- Total assets, end of year
- $4,117,731
- Total liabilities, end of year
- $1,353,549
- Net assets, end of year
- $2,764,182
- Land, buildings and equipment
- $29,314
- Net assets without donor restrictions
- $2,764,182
- Gross receipts
- $4,092,847
- Employees
- 5
- Volunteers
- 9
- Year formed
- 2011
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Caroline Rees | President Trustee or director, Officer | 40 | $224,742 | $27,352 |
| Rachel Davis | Vice President Officer | 40 | $160,706 | $18,356 |
| Cynthia Burns | COO Officer | 40 | $142,335 | $23,232 |
| Mark Hodge | VICE PRESIDENT | 40 | $155,006 | $7,782 |
| Ashleigh Owens | Director | 40 | $139,675 | $6,984 |
| David Vermijs | DIR. BUS. ENGMT. | 40 | $133,630 | $6,772 |
| Bob Dannhauser | Senior Advisor | 40 | $115,417 | $21,886 |
| Jenny Holdcroft | Director | 40 | $123,788 | $6,241 |
| Federico Burlon | Director | 40 | $116,217 | $5,706 |
| Prince Zeid Ra'ad Al Hussein | Chair Trustee or director | 1 | $0 | $0 |
| Vania Maria da Costa Borgerth | Trustee Trustee or director | 1 | $0 | $0 |
| Paul Druckman | Trustee Trustee or director | 1 | $0 | $0 |
| Erika George | Trustee Trustee or director | 1 | $0 | $0 |
| Alexandra Haas | Trustee Trustee or director | 1 | $0 | $0 |
| Sharath Martin | Trustee Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Susanne Stormer | Trustee Trustee or director | 1 | $0 |
| Maria Anne van Dijk | Trustee Trustee or director | 1 | $0 |
| Ambet Yuson | Trustee Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Caroline Rees | President & CEO Trustee or director, Officer | 40 | $216,941 | $26,112 |
| Rachel Davis | Vice President Officer | 40 | $158,423 | $17,005 |
| Cynthia Burns | COO Officer | 40 | $138,038 | $22,167 |
| Mark Hodge | Vice President | 40 | $147,778 | $7,318 |
| David Vermijs | Dir. Bus. Engmt | 40 | $131,696 | $6,577 |
| Ashleigh Owens | Deputy Director | 40 | $130,756 | $6,537 |
| Bob Dannhauser | Senior Advisor | 40 | $107,278 | $20,629 |
| Jenny Holdcroft | Deputy Director | 40 | $112,353 | $10,565 |
| Ruben Zandvliet | Deputy Director | 40 | $108,367 | $5,417 |
| Vania Maria da Costa Borgerth | Trustee Trustee or director | 1 | $0 | $0 |
| Paul Druckman | Trustee Trustee or director | 1 | $0 | $0 |
| Prince Zeid Raad Al Hussein | Chair Trustee or director | 1 | $0 | $0 |
| Sharath Martin | Trustee Trustee or director | 1 | $0 | $0 |
| Ambet Yuson | Trustee Trustee or director | 1 | $0 | $0 |
| Susanne Stormer | Trustee Trustee or director | 1 | $0 | $0 |
| Erika George | Trustee Trustee or director | 1 | $0 | $0 |
| Alexandra Haas | Trustee Trustee or director | 1 | $0 | $0 |
| John Knox | Trustee Trustee or director | 1 | $0 | $0 |
| Maria Anne van Dijk | Trustee Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Caroline Rees | President & CEO Trustee or director, Officer | 40 | $209,100 | $24,895 |
| Cynthia Burns | COO Officer | 40 | $137,500 | $21,190 |
| Rachel Davis | Vice President Officer | 40 | $149,049 | $0 |
| Bob Dannhauser | Senior Advisor | 40 | $102,550 | $19,568 |
| Ashleigh Owens | Deputy Director | 38 | $114,412 | $5,721 |
| David Vermijs | Dir. Bus. Engmt | 40 | $112,288 | $5,622 |
| Catarina de Albuquerque | Trustee Trustee or director | 1 | $0 | $0 |
| Vania Maria da Costa Borgerth | Trustee Trustee or director | 1 | $0 | $0 |
| Prince Zeid Raad Al Hussein | Chair Trustee or director | 1 | $0 | $0 |
| Susanne Stormer | Trustee Trustee or director | 1 | $0 | $0 |
| Erika George | Trustee Trustee or director | 1 | $0 | $0 |
| Alexandra Haas | Trustee Trustee or director | 1 | $0 | $0 |
| John Knox | Trustee Trustee or director | 1 | $0 | $0 |
| Maria Anne van Dijk | Trustee Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 462 7TH AVE FL 6, NEW YORK, NY 10018-7439
- Principal officer (990 for 2024)
- Caroline Rees, 224 W 35TH Street STE 500 636, NEW YORK, NY 10001
- Signed the 990
- Caroline Rees, President & CEO
- Phone
- (212) 497-1176
- Website
- HTTP://WWW.SHIFTPROJECT.ORG
- Return prepared by
- Nawrocki Smith LLP
Mission
At Shift, we have one purpose: to transform how business gets done in order to ensure respect for peoples lives and dignity. We believe that the best way to advance our mission is by working directly with Businesses to help shape their practices, culture and behavior and by working with Governments, Financial Institutions, civil society and other market actors to embed the right requirements and incentives into the frameworks within which business operates. Our work is based on the international standard of the UN Guiding Principles on Business and Human Rights.
Program accomplishments
- STANDARDS - UNDER THIS PROGRAM, SHIFT ADVISES INTERGOVERNMENTAL ORGANIZATIONS,REPORTING AND OTHER STANDARD-SETTERS, GOVERNMENT MINISTRIES AND REGULATORY AGENCIESON HOW TO INTEGRATE THE UNGPS INTO THE STANDARDS THEY SET THAT DRIVE BUSINESSBEHAVIOR.Expenses $1,559,306 · revenue $1,780,220
- BUSINESS ENGAGEMENT THROUGH THIS PROGRAM, SHIFT WORKS WITH LEADING GLOBAL COMPANIES AT BOTH STRATEGIC AND OPERATIONAL LEVELS, HELPING THEM BUILD THE VISION, SYSTEMS AND CAPACITY THEY NEED TO IMPLEMENT THE UNGPS. WE ALSO WORK WITH INDUSTRY ASSOCIATIONS AND MULTISTAKEHOLDER INITIATIVES THAT SUPPORT IMPLEMENTATION OF THE UNGPS.Expenses $1,152,096 · revenue $1,355,729
- FINANCIAL INSTITUTIONS - THROUGH THIS PROGRAM, SHIFT WORKS WITH FINANCIAL INSTITUTIONS TO UNDERSTAND AND ADDRESS HUMAN RIGHTS CHALLENGES AND DEVELOP LEADING PRACTICES ALIGNED WITH THE UNGPS.Expenses $487,464 · revenue $601,105
- SCALE THROUGH EDUCATION - THROUGH THIS PROGRAM, SHIFT BUILDS THE CAPACITY OF A LARGER COHORT OF COMPANIES TO UNDERSTAND AND EMBED THE EXPECTATIONS OF THE UN GUIDING PRINCIPLES ACROSS THEIR ORGANIZATIONS.Expenses $133,527 · revenue $143,063
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 45-2779314
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q70)
- Assets (IRS master file)
- $4,117,731
- Income (IRS master file)
- $4,092,847
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,092,847 | $4,071,708 | $4,117,731 | IRS |
| 990 | June 2024 | $3,326,303 | $3,275,947 | $4,166,803 | XML |
| 990 | June 2023 | $3,544,680 | $3,110,302 | $3,609,684 | XML |
| 990 | June 2022 | $3,227,568 | $2,596,667 | $3,262,082 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-2779314).
Questions about SHIFT PROJECT LTD
- What is the EIN of SHIFT PROJECT LTD?
- The employer identification number (EIN) of SHIFT PROJECT LTD is 45-2779314.
- Is SHIFT PROJECT LTD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to SHIFT PROJECT LTD tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SHIFT PROJECT LTD file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SHIFT PROJECT LTD due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SHIFT PROJECT LTD last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SHIFT PROJECT LTD?
- The 990 for the year ended June 30, 2025 names Caroline Rees.
- Who are the officers and directors of SHIFT PROJECT LTD?
- The 990 for the year ended June 30, 2025 lists 18 people; 9 received compensation from the organization, the highest $224,742 (Caroline Rees, President).
- How much revenue does SHIFT PROJECT LTD have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,092,847, expenses of $4,071,708 and total assets of $4,117,731 at year end.
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