Civic Intelligence

Just Capital Foundation Inc.

990 • Fiscal year 2016 • EIN 36-4764467

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

44 East 30th Street 11th FloorNew York, NY 10016

(646) 854-2141

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

2.69x

Higher debt load relative to assets than 99% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.23x

Higher debt load relative to revenue than 55% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

16th percentile

-16%

Higher net margin than 16% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

96th percentile

$679,231

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 10.9% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

95th percentile

63%

Faster asset growth than 95% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

83rd percentile

26%

Faster revenue growth than 83% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$541,717

Up $210,224 (+63%) from 2015

Net Assets

Down

-$916,269

Down $1,016,265 (-1016%) from 2015

Liabilities

Up

$1,457,986

Up $1,226,489 (+530%) from 2015

Revenue

Up

$6,216,553

Up $1,298,244 (+26%) from 2015

Expenses

Up

$7,232,818

Up $1,877,603 (+35%) from 2015

Net Income

Down

-$1,016,265

Down $579,359 (-133%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2014: $551,031Liabilities 2014: $14,129Net Assets 2014: $536,9022014Assets 2015: $331,493Liabilities 2015: $231,497Net Assets 2015: $99,9962015Assets 2016: $541,717Liabilities 2016: $1,457,986Net Assets 2016: -$916,2692016Assets 2017: $1,124,608Liabilities 2017: $3,439,057Net Assets 2017: -$2,314,4492017Assets 2018: $1,302,262Liabilities 2018: $4,559,378Net Assets 2018: -$3,257,1162018Assets 2019: $2,155,039Liabilities 2019: $6,184,896Net Assets 2019: -$4,029,8572019Assets 2020: $3,914,783Liabilities 2020: $707,728Net Assets 2020: $3,207,0552020Assets 2021: $4,314,649Liabilities 2021: $930,637Net Assets 2021: $3,384,0122021Assets 2022: $6,557,999Liabilities 2022: $2,895,933Net Assets 2022: $3,662,0662022Assets 2023: $4,243,276Liabilities 2023: $2,746,143Net Assets 2023: $1,497,1332023Assets 2024: $5,019,521Liabilities 2024: $2,379,492Net Assets 2024: $2,640,0292024

Highlighted filing

2016

Assets$541,717
Liabilities$1,457,986
Net Assets-$916,269

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2014: $1,489,228Expenses 2014: $694,158Net Income 2014: $795,0702014Revenue 2015: $4,918,309Expenses 2015: $5,355,215Net Income 2015: -$436,9062015Revenue 2016: $6,216,553Expenses 2016: $7,232,818Net Income 2016: -$1,016,2652016Revenue 2017: $6,116,015Expenses 2017: $7,514,195Net Income 2017: -$1,398,1802017Revenue 2018: $6,442,151Expenses 2018: $7,352,348Net Income 2018: -$910,1972018Revenue 2019: $7,322,243Expenses 2019: $8,094,984Net Income 2019: -$772,7412019Revenue 2020: $16,519,621Expenses 2020: $9,282,709Net Income 2020: $7,236,9122020Revenue 2021: $11,131,024Expenses 2021: $10,954,067Net Income 2021: $176,9572021Revenue 2022: $12,412,396Expenses 2022: $12,134,342Net Income 2022: $278,0542022Revenue 2023: $10,375,842Expenses 2023: $12,540,775Net Income 2023: -$2,164,9332023Revenue 2024: $11,808,522Expenses 2024: $10,665,626Net Income 2024: $1,142,8962024

Highlighted filing

2016

Revenue$6,216,553
Expenses$7,232,818
Net Income-$1,016,265
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$6,216,553
Mission and Program Overview

Mission

Just capital's mission is to build an economy that works for all americans by helping companies improve how they serve all their stakeholders workers, customers, communities, the environment, and shareholders.

Just capital foundation, inc. (the "foundation") is an independent nonprofit (see schedule o)501(c)(3) created to improve company performance on the issues that americans care most about.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors-$850,000-
Prepaid Expenses and Deferred Charges$136,169$225,463▲ $89,294
Land, Buildings, and Equipment, Net$27,624$194,808▲ $167,184
Cash and Non-Interest-Bearing Accounts$167,700$61,446▼ $106,254
Accounts Receivable-$60,000-
Total Assets$331,493$541,717▲ $210,224
Liabilities
Accounts Payable and Accrued Expenses$231,497$391,708▲ $160,211
Other Liabilities$0$216,278▲ $216,278
Total Liabilities$231,497$1,457,986▲ $1,226,489
Net Assets / Fund Balance
Temporarily Rstr Net Assets$300,000$0▼ $300,000
Unrestricted Net Assets$-200,004$-916,269▼ $716,265
Total Net Assets Fund Balance$99,996$-916,269▼ $1,016,265
Total Liabilities and Net Assets / Fund Balance$331,493$541,717▲ $210,224

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$138,498$28,745$167,243
Leasehold Improvements$41,529$3,381$44,910
Other Land Buildings$14,781$2,304$17,085
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Martin WhittakerChief Executive OfficerFT$650,000$29,231$679,231
Robert BrownHead of ResearchFT$475,131$41,270$516,401
Sean CalvilloChief Financial OfficerFT$350,000$34,910$384,910
Hewson BaltzellChief Operating Officer (former)FT$49,583$293,476$343,059
Kimberly GladmanManaging Dir., Sr. Research AnalystFT$200,000$27,655$227,655
Gabrielle BlumbergManaging Director, Corp. StrategyFT$185,000$20,791$205,791
David MelanconChief Mkt. & Prod. Officer (former)FT$186,200$9,931$196,131
Andrew StevensonSenior Research AnalystFT$128,484$27,308$155,792

Board Members and Trustees

NameTitle
Paul Tudor Jones IiChairman
Alan FleischmannDirector
Arianna HuffingtonDirector
Blake MycoskieDirector
Dan HesseDirector
Deepak ChopraDirector
Fred MatserDirector
Jean OelwangDirector
Jeffrey WalkerDirector
Jennifer MccreaDirector
Jim SteyerDirector
John HofmeisterDirector
Lynn Forester De RothschildDirector
Marc MorialDirector
Michael WeinsteinDirector
Mindy LubberDirector
Paul SciallaDirector
Peter GeorgescuDirector
Ray ChambersDirector
Rinaldo BrutocoDirector
Jim CliftonDirector (former)
Jochen ZeitzDirector (former)
Andrew S PaulSecretary and Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Jecd Group LLCTech Consulting & Data Processing825 HEMLOCK RIDGE CT, Simi Valley, CA 93065$119,100
Revenue and Support

Revenue Composition

Contributions and Grants
$6,216,277
Program Service Revenue
$0
Investment Income
$276
Other Revenue
$0
All Other Contributions
$6,216,277
Change in Net Assets
$-1,016,265

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,216,553
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$197,812
Total Revenue per Audited Statements
$6,414,365
Total Revenue per Form 990
$6,216,553
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,790,082
Other Expenses$2,442,736
Total Fundraising Expense$334,455
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,069,825$540,194$135,000$2,745,019
Fees for Services Other$1,441,931-$31,027$1,472,958
Current Officers, Directors, Trustees, and Key Employees$840,134$465,181$101,885$1,407,200
Occupancy$444,351$90,633$10,942$545,926
Other Employee Benefits$291,004$36,932$15,859$343,795
Payroll Taxes$210,457$38,799$13,059$262,315
Travel$81,109$41,728$21,382$144,219
Office Expenses$61,459$227$1,505$63,191
Pension Plan Contributions$27,229$2,654$1,870$31,753
Depreciation Depletion$23,412$4,775$577$28,764
Other Expenses$6,700$13,915$856$21,471
Conferences and Meetings$2,976$826$96$3,898
Total Functional Expenses$5,630,390$1,267,973$334,455$7,232,818

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,430,630
Expenses per Audited Statements$7,232,818
Total Expenses per Form 990$7,232,818
Expenses Not Reported on Form 990$197,812
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$850,000-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$216,278
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Paul tudor jones and andrew s. Paul worked together at tudor investment corp. In june 2016, andrew s. Paul left tudor investment corp. And these members no longer work together.

Form 990, Part VI, Section A, Line 6

Pursuant to article i, section 1.1 of just capital foundation, inc.'s by-laws and applicable delaware law, the foundation's members consist of the directors of the foundation in good standing from time to time.

Form 990, Part VI, Section A, Line 7A

The members of just capital foundation, inc., who are the foundation's directors at any given time, elect the foundation's directors.

Form 990, Part VI, Section B, Line 11B

The financial statements of just capital foundation, inc. (the "foundation") were audited by an independent accountant, as required by the applicable state law under the direction of an audit committee. The form 990 will be reviewed by the organization's officers, president and audit committee who are given ample time and opportunity to discuss their comments and questions with the return preparer, the organization's legal counsel and, if needed, other members of the organization's board of directors. Finally the foundation will provide a copy of the form 990 to the board of directors (each member receiving his or her individual copy), giving the board an opportunity to provide input and address its questions or comments before or at the next board meeting.

Form 990, Part VI, Section B, Line 12C

Each director, officer, key employee, other staff member and committee member with governing-board-delegated powers shall, before initial election or appointment and annually thereafter, sign a statement and give such statement to the secretary of just capital foundation, inc., which affirms that such person:(a) has received a copy of the conflict of interest policy, (b) has read and understands the conflict of interest policy, (c) has agreed to comply with the conflict of interest policy, (d) understands that the foundation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes (and will endeavor to further such purposes), and (e) understands that he or she must disclose any conflict of interest; specifically, the director, officer, key employee, other staff member, or committee member must identify, to the best of his or her knowledge any entity of which he or she is an officer, director, trustee, member ,owner, or employee and with which the foundation has a relationship, and any transaction in which the foundation is a participant.

Form 990, Part VI, Section B, Line 15

The executive committee approves the compensation of the foundation's officers after a review of their qualifications, their proposed employment contracts, and comparability data from other organizations. A summary of each review and decision is provided in the minutes of the board meeting at which (or the unanimous written consent in lieu of meeting in which) the decision was made.

Form 990, Part VI, Section C, Line 19

Governing documents, conflicts of interest policy, and financial statements are available to donors and prospective donors upon request.

Filing and Contact Details

Filer

Filer Name
Just Capital Foundation Inc
EIN
36-4764467
Phone
6468542141
Address
44 EAST 30TH STREET 11TH FLOOR, NEW YORK, NY 10016

Signing Officer

Name
Martin Whittaker
Title
Chief Executive Officer
Phone
6468542141
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martin Whittaker
Formed
2013
Legal Domicile
De
Voting Board Members
21
Independent Board Members
21
Employees
46
Volunteers
21

Preparer

Firm
Marks Paneth Llp
Address
685 THIRD AVENUE, NEW YORK, NY 10017
Preparer
Robert R Lyons CPA
Phone
2125038800
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Research: program service expenses 626,661. Management and general expenses 0. Fundraising expenses 0. Total expenses 626,661. Marketing: program service expenses 103,459. Management and general expenses 0. Fundraising expenses 0. Total expenses 103,459. Other professional fees: program service expenses 711,811. Management and general expenses 0. Fundraising expenses 31,027. Total expenses 742,838.

Part XII, Line 2C

Process has not changed from prior year.

Financial Statement Notes

PART X, LINE 2:

The foundation believes it had no uncertain tax positions as of december 31, 2016, in accordance with accounting standards codification ("asc") topic 740, "income taxes," which provides standards for establishing and classifying any tax provisions for uncertain tax positions.

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IRS990/Desc0JUST CAPITAL FOUNDATION, INC. (THE "FOUNDATION") IS THE DEFINITIVE SOURCE OF INFORMATION AND RANKINGS ON HOW CORPORATIONS PERFORM ON THE ISSUES PEOPLE CARE MOST ABOUT. THE CENTERPIECE OF OUR PLATFORM IS THE JUST RANKING: A BENCHMARK OF CORPORATE PERFORMANCE BUILT AROUND AMERICA'S DEFINITON OF JUST BUSINESS BEHAVIOR. THE BENCHMARK IS BUILT BY CONDUCTING EXTENSIVE MARKET RESEARCH, BOTH QUALITATIVE AND QUANTITATIVE, TO UNDERSTAND WHAT THE PUBLIC VALUES WHEN IT COMES TO CORPORATE BEHAVIOR, AND THEN COMPARING HOW CORPORATIONS PERFORM ACROSS ALL THE KEY ISSUES. THE RESULTS OF OUR MOST RECENT ANNUAL POLL SHOW THE MOST IMPORTANT COMPANY BEHAVIORS ARE (IN ORDER OF IMPORTANCE): (SEE SCHEDULE O FOR CONTINUATION)WORKER PAY & BENEFITS (25%)WORKER TREATMENT (24%)LEADERSHIP & ETHICS (17%)CUSTOMER TREATMENT (7%)PRODUCT ATTRIBUTES (6%)DOMESTIC JOB CREATION (6%)ENVIRONMENTAL IMPACT (5%)SUPPLY CHAIN IMPACT (4%)INVESTOR ALIGNMENT (4%)COMMUNITY WELL-BEING (2%)OUR PLATFORM, AND THE RESEARCH UNDERPINNING IT, WILL PROVIDE DATA AND TOOLS TO HELP CONSUMERS, EMPLOYEES, CONCERNED CITIZENS, INVESTORS AND CORPORATE LEADERS MAKE MORE INFORMED DECISIONS ABOUT WHERE TO BUY, WORK, AND INVEST. ULTIMATELY, WE EMPOWER MARKET STAKEHOLDERS TO BUILD A MORE "JUST MARKETPLACE." JUST CAPITAL ACHIEVES THIS BY LEVERAGING A RIGOROUS AND TRANSPARENT RESEARCH PROCESS, TO CONDUCT PUBLIC AND CORPORATE ENGAGEMENT, AND DEVELOP PRODUCTS AND SERVICES THAT INFORM AND CHANGE BEHAVIOR. ALL OF THIS IS UNDERPINNED BY AN EFFECTIVE AND INNOVATIVE USE OF TECHNOLOGY. IN NOVEMBER OF 2016, WE RELEASED OUR ANNUAL MARKETRESEARCH STUDY ON THE PUBLIC'S ATTITUDES TOWARDS CORPORATE AMERICA. WE ALSO PUBLISHED THE INAUGURAL LIST OF "AMERICA'S MOST JUST COMPANIES," A RANKING OF THE MOST JUST U.S. COMPANIES BY INDUSTRY. ALONGSIDE OUR PUBLIC AND CORPORATE ENGAGEMENT EFFORTS, WE LAUNCHED THE INITIAL VERSION OF AN ONLINE TOOL WHERE USERS CAN VIEW AND EXPLORE THE RANKING RESULTS.
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IRS990/Form990PartVIISectionAGrp/PersonNm8DAN HESSE
IRS990/Form990PartVIISectionAGrp/PersonNm9JOHN HOFMEISTER
IRS990/Form990PartVIISectionAGrp/PersonNm10ARIANNA HUFFINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm11FRED MATSER
IRS990/Form990PartVIISectionAGrp/PersonNm12MINDY LUBBER
IRS990/Form990PartVIISectionAGrp/PersonNm13JENNIFER MCCREA
IRS990/Form990PartVIISectionAGrp/PersonNm14MARC MORIAL
IRS990/Form990PartVIISectionAGrp/PersonNm15BLAKE MYCOSKIE
IRS990/Form990PartVIISectionAGrp/PersonNm16JEAN OELWANG
IRS990/Form990PartVIISectionAGrp/PersonNm17PAUL SCIALLA
IRS990/Form990PartVIISectionAGrp/PersonNm18JIM STEYER
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IRS990/Form990PartVIISectionAGrp/PersonNm21JIM CLIFTON
IRS990/Form990PartVIISectionAGrp/PersonNm22JOCHEN ZEITZ
IRS990/Form990PartVIISectionAGrp/PersonNm23MARTIN WHITTAKER
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IRS990/Form990PartVIISectionAGrp/PersonNm25SEAN CALVILLO
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IRS990/Form990PartVIISectionAGrp/PersonNm28KIMBERLY GLADMAN
IRS990/Form990PartVIISectionAGrp/PersonNm29GABRIELLE BLUMBERG
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IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY AND TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR (FORMER)
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR (FORMER)
IRS990/Form990PartVIISectionAGrp/TitleTxt23CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt24CHIEF OPERATING OFFICER (FORMER)
IRS990/Form990PartVIISectionAGrp/TitleTxt25CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt26CHIEF MKT. & PROD. OFFICER (FORMER)
IRS990/Form990PartVIISectionAGrp/TitleTxt27HEAD OF RESEARCH
IRS990/Form990PartVIISectionAGrp/TitleTxt28MANAGING DIR., SR. RESEARCH ANALYST
IRS990/Form990PartVIISectionAGrp/TitleTxt29MANAGING DIRECTOR, CORP. STRATEGY
IRS990/Form990PartVIISectionAGrp/TitleTxt30SENIOR RESEARCH ANALYST
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