Charity
Global Compact Network Singapore
About
What does Global Compact Network Singapore do?
Global Compact Network Singapore is a charitable organization dedicated to promoting corporate sustainability, good governance, environmental protection, and labor practices. Their mission is to advance economic growth while fostering human development in Singapore's business community through leadership in sustainable goals.
Founded
2013
People
nichol ng wee teng, bikramjit singh bhangu, fong ching boon, shannen, ang ling ling, kok ping soon, karen ngui foong yin, greene julie elizabeth, esther an, daniel quek li yee, fang eu-lin
Causes
No PovertyEducationHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2013
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Promoting good corporate governance, environmental protection, and labor practices among businesses.
- Encouraging community involvement and development through Corporate Sustainability initiatives.
- Facilitating dialogue and collaboration between various stakeholders (policy makers, businesses, trade unions, government, social partners, civil society, academics) on sustainable practices.
- Developing effective strategies to promote Corporate Sustainability in Singapore.
- Conducting research and publishing best practices on Corporate Sustainability.
- Establishing a Corporate Sustainability Institute for learning, benchmarking, and capacity building opportunities.
- Facilitating the implementation and follow-up of Corporate Sustainability through sectoral networks or groupings.
Donation Income
Fundraising Efficiency
This indicates the cost to raise a single dollar. A lower cost suggests the charity is more efficient in its fundraising efforts.
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Financials
Donation Income
What are the donations used for?
- Promoting good corporate governance, environmental protection, and labor practices among businesses.
- Encouraging community involvement and development through Corporate Sustainability initiatives.
- Facilitating dialogue and collaboration between various stakeholders (policy makers, businesses, trade unions, government, social partners, civil society, academics) on sustainable practices.
- Developing effective strategies to promote Corporate Sustainability in Singapore.
- Conducting research and publishing best practices on Corporate Sustainability.
- Establishing a Corporate Sustainability Institute for learning, benchmarking, and capacity building opportunities.
- Facilitating the implementation and follow-up of Corporate Sustainability through sectoral networks or groupings.
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Fundraising Efficiency
This indicates the cost to raise a single dollar. A lower cost suggests the charity is more efficient in its fundraising efforts.
Financial Information
Source: Charity PortalCharities and IPCs are required to prepare the financial statements in accordance to the Charities (Accounts and Annual Report) Regulations and the Charities (Institutions of A Public Character) Regulations, where applicable. The financial statement is available online for latest 3 financial years.
| Receipts | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 551,413 | 555,130 | 553,008 |
| Non Tax-Deductible | 0 | 0 | 100,074 |
| Total Donations in Cash | 551,413 | 555,130 | 653,082 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Kind | 0 | 0 | 0 |
| Government Grants | 94,552 | 284,254 | 570,377 |
| Investment Income | 0 | 0 | 0 |
| Programme Fees | 1,054,362 | 622,902 | 535,218 |
| Others Income | 529,738 | 486,984 | 180,760 |
| Total Receipts | 2,230,065 | 1,949,270 | 1,939,437 |
| Capital in Nature | 0 | 25,000 | 0 |
| Expenses | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 108,179 | 85,143 | 25,838 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 9,621 | 14,880 | 38,539 |
| Overseas (Direct & Support) | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | 9,621 | 14,880 | 38,539 |
| Expenses | |||
| Other Expenses | 1,711,347 | 1,293,317 | 1,020,779 |
| Total Expenditure | 1,829,147 | 1,393,340 | 1,085,156 |
| Balance Sheet | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 0 | 0 | 0 |
| Other Tangible Assets | 17,482 | 10,219 | 156,692 |
| Investments | 0 | 0 | 0 |
| Inventories | 3,358 | 1,398 | 1,479 |
| Account Receivables | 799,742 | 570,910 | 602,746 |
| Cash & Deposits | 2,426,945 | 2,082,558 | 1,488,572 |
| Other Assets | 51,837 | 103,674 | 1,832 |
| Total Assets | 3,299,364 | 2,768,759 | 2,251,321 |
| Funds | |||
| Total Unrestricted Funds | 2,576,448 | 2,057,731 | 1,501,802 |
| Total Restricted Funds | 0 | 0 | 0 |
| Endowments Funds | 0 | 0 | 0 |
| Total Funds and Reserves | 2,576,448 | 2,057,731 | 1,501,802 |
| Liabilities | |||
| Total Current Liabilities | 722,916 | 653,623 | 637,638 |
| Total Non-Current Liabilities | 0 | 57,405 | 111,881 |
| Total Liabilities | 722,916 | 711,028 | 749,519 |
| Total Funds and Liabilities | 3,299,364 | 2,768,759 | 2,251,321 |
| Other Information | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | 0 | 0 | 0 |
| No. of Employees | 17 | 17 | 0 |
| Total Employee Cost | 1,191,859 | 1,144,740 | 873,408 |
| Fudnraisig Efficiency Ratio | 25 | 27 | 0 |
| Total Related Party Transactions | 261,680 | 361,721 | 0 |
People
People at Global Compact Network Singapore work towards promoting corporate sustainability, good governance, environmental protection, and labor practices to advance economic growth while fostering human development within Singapore's business community through leadership in sustainable goals.
nichol ng wee teng
bikramjit singh bhangu
fong ching boon, shannen
ang ling ling
kok ping soon
karen ngui foong yin
greene julie elizabeth
esther an
daniel quek li yee
fang eu-lin
News
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