Nonprofit · EIN 83-4368823
COUNCIL FOR INCLUSIVE CAPITALISM INC
Tax-exempt · NEW YORK, NY 10150
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,754,123 | $1,865,185 | -$111,062 | $2,356,090 | $37,819 | $2,318,271 |
| December 31, 2023 | 990 | $2,699,929 | $2,355,034 | $344,895 | $1,575,262 | $23,867 | $1,551,395 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,662,892
- Program service revenue
- $0
- Investment income
- $90,931
- Other revenue
- $300
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,356,156
- Salaries, compensation and benefits (total)
- $1,601,508
- Professional fundraising fees
- $0
- Accounting fees
- $48,191
- Occupancy
- $8,110
- Travel
- $16,110
- Program services (functional)
- $1,427,795
- Management and general (functional)
- $259,806
- Fundraising (functional)
- $177,584
Balance sheet and other
- Total assets, start of year
- $1,575,262
- Total assets, end of year
- $2,356,090
- Total liabilities, end of year
- $37,819
- Net assets, end of year
- $2,318,271
- Gross receipts
- $1,754,123
- Employees
- 14
- Volunteers
- 0
- Year formed
- 2019
- State of legal domicile
- NY
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL CLYNE | EXECUTIVE DIRECTOR/COO Trustee or director, Officer | 40 | $215,000 |
| ALEXANDRA ROGAN | EMPLOYEE Highest-paid employee | 40 | $215,000 |
| JONATHAN GRAJEDA | SENIOR MANAGER Highest-paid employee | 40 | $124,800 |
| CARSON THAL | DIRECTOR Highest-paid employee | 40 | $120,000 |
| LYNN FORESTER DE ROTHSCHILD | DIRECTOR/CHAIR Trustee or director | 1 | $0 |
| MICHAEL ARCHBOLD | DIRECTOR/SECRETARY Trustee or director, Officer | 1 | $0 |
| CARLYN S MCCAFFREY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| MEREDITH SUMPTER | CEO/PRESIDENT Former | 28 | $175,000 | $75,000 |
| ALEXANDRA ROGAN | EMPLOYEE Highest-paid employee | 40 | $200,000 | $0 |
| JANET BATIBAY | EMPLOYEE Highest-paid employee | 40 | $139,000 | $0 |
| BRIAN HARPER | SENIOR ADVISOR Highest-paid employee | 40 | $125,000 | $0 |
| JONATHAN GRAJEDA | SENIOR MANAGER Highest-paid employee | 40 | $110,000 | $0 |
| CARSON THAL | DIRECTOR Highest-paid employee | 40 | $105,000 | $0 |
| LYNN FORESTER DE ROTHSCHILD | DIRECTOR/CHAIR Trustee or director | 1 | $0 | $0 |
| MICHAEL ARCHBOLD | DIRECTOR/SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CARLYN S MCCAFFREY | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 909 3RD AVE UNIT 8343, NEW YORK, NY 10150-2134
- In care of
- % LADY LYNN FORESTER DE ROTHSCHILD
- Principal officer (990 for 2024)
- MICHAEL CLYNE, 1700 EAST PUTNAM AVENUE SUITE 408, OLD GREENWICH, CT 06870
- Signed the 990
- MICHAEL CLYNE, EXECUTIVE DIRECTOR & COO
- Phone
- (203) 987-3660
- Return prepared by
- ANDERSEN TAX LLC
Mission
WORKING TO HARNESS THE PRIVATE SECTOR TO CREATE A MORE INCLUSIVE, SUSTAINABLE, AND TRUSTED ECONOMIC SYSTEM THAT ADDRESSES THE NEEDS OF PEOPLE AND THE PLANET.
Program accomplishments
- THE COUNCIL BRINGS TOGETHER GLOBAL BUSINESS LEADERS TO WORK TOWARD HARNESSING THE POWER OF BUSINESS FOR GOOD. THE AIM OF THE COUNCIL IS TO DETERMINE THE BEST SOLUTIONS TO REFORM THE GLOBAL ECONOMIC SYSTEMS AND MAKING THEM MORE INCLUSIVE FOR THE GREATER SERVICE TO SOCIETY. THE COUNCIL AIMS TO PERSUADE THE ORGANIZATIONS WITH WHICH THE COUNCIL HAS A RELATIONSHIP TO COMMIT TO SPECIFIC ACTIONS THAT WILL MOBILIZE THE PRIVATE SECTOR TO PROMOTE INCLUSIVITY, SUSTAINABILITY, DYNAMISM AND TRUE INCLUSIVE CAPITALISM AROUND THE WORLD. THE COUNCIL WILL PROVIDE THOUGHT LEADERSHIP: EDUCATING OTHER BUSINESSES TO TAKE MORE RESPONSIBLE ACTIONS AND A FRAMEWORK TO DEMONSTRATE THEIR COMMITMENTS AND PROGRESS. IN ADDITION, THERE WERE DONATED SERVICES AND RELATED EXPENSES INCLUDED IN ACCOMPLISHING THE PROGRAM SERVICE ACTIVITY THAT ARE NOT INCLUDED IN THE AMOUNT ABOVE.Expenses $1,427,795
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-4368823
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S03)
- Assets (IRS master file)
- $2,356,090
- Income (IRS master file)
- $1,754,123
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,754,123 | $1,865,185 | $2,356,090 | IRS |
| 990 | December 2023 | $2,699,929 | $2,355,034 | $1,575,262 | XML |
| 990 | December 2022 | $2,407,255 | $2,070,390 | $1,217,928 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 83-4368823).
Questions about COUNCIL FOR INCLUSIVE CAPITALISM INC
- What is the EIN of COUNCIL FOR INCLUSIVE CAPITALISM INC?
- The employer identification number (EIN) of COUNCIL FOR INCLUSIVE CAPITALISM INC is 83-4368823.
- Is COUNCIL FOR INCLUSIVE CAPITALISM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to COUNCIL FOR INCLUSIVE CAPITALISM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COUNCIL FOR INCLUSIVE CAPITALISM INC 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 COUNCIL FOR INCLUSIVE CAPITALISM INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COUNCIL FOR INCLUSIVE CAPITALISM INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COUNCIL FOR INCLUSIVE CAPITALISM INC?
- The 990 for the year ended December 31, 2024 names MICHAEL CLYNE.
- Who are the officers and directors of COUNCIL FOR INCLUSIVE CAPITALISM INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 4 received compensation from the organization, the highest $215,000 (MICHAEL CLYNE, EXECUTIVE DIRECTOR/COO).
- How much revenue does COUNCIL FOR INCLUSIVE CAPITALISM INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,754,123, expenses of $1,865,185 and total assets of $2,356,090 at year end.
Other nonprofits in NEW YORK
- LOCAL INITIATIVES SUPPORT CORPORATION EIN 13-3030229 · last filed 990 for 2024
- HADASSAH THE WOMENS ZIONIST ORGANIZATION OF AMERICA INC EIN 13-1656651 · last filed 990 for 2024
- GRAMEEN AMERICA INC EIN 20-8497991 · last filed 990 for 2024
- THE COMMUNITY PRESERVATION CORPORATION EIN 13-2792409 · last filed 990 for 2025
- HISPANIC FEDERATION INC EIN 13-3573852 · last filed 990 for 2025
- CENT FOR URBAN COMMUNITY SVCS EIN 13-3687891 · last filed 990 for 2025
- CONFERENCE BOARD INC EIN 13-1624108 · last filed 990 for 2024
- TED FOUNDATION INC EIN 82-1934592 · last filed 990-PF for 2025
All nonprofits in NEW YORK · New York · Community improvement and capacity building