Totals
- Total revenue
- $11,821,768
- Total expenses
- $12,672,185
- Contributions and grants received
- $321,141
- Grants paid
- $0
- Program service revenue
- $11,483,336
- Investment income
- $6,999
- Other revenue
- $10,292
- Total assets, end of year
- $5,031,174
- Total liabilities, end of year
- $2,103,396
- Net assets or fund balances, end of year
- $2,927,778
- Program services expenses (Part IX)
- $11,661,410
- Management and general expenses
- $984,410
- Fundraising expenses
- $26,365
- Program service expenses (Part III)
- $11,661,410
Program services were 92.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$321,141
-
2a · Program service revenue: SERVICE FEES
total $11,483,336 · related or exempt $11,483,336
-
3 · Investment income
total $6,999 · excluded $6,999
-
11a · Other revenue: PPP REVENUE ADMINISTRATION
total $10,292 · excluded $10,292
-
11e · Other revenue, total
$10,292
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $193,362 · program services $160,490 · management and general $32,872
-
7 · Other salaries and wages
total $4,095,202 · program services $3,551,562 · management and general $532,674 · fundraising $10,966
-
8 · Pension plan contributions
total $44,484 · program services $36,922 · management and general $7,562
-
9 · Other employee benefits
total $805,299 · program services $695,272 · management and general $107,042 · fundraising $2,985
-
10 · Payroll taxes
total $345,315 · program services $316,756 · management and general $28,538 · fundraising $21
-
11a · Fees: management
total $4,142 · program services $2,464 · management and general $1,671 · fundraising $7
-
11b · Fees: legal
total $50,021 · program services $29,773 · management and general $20,167 · fundraising $81
-
12 · Advertising and promotion
total $4,782 · program services $3,621 · management and general $1,161
-
13 · Office expenses
total $432,193 · program services $362,139 · management and general $69,699 · fundraising $355
-
16 · Occupancy
total $81,047 · program services $52,730 · management and general $28,197 · fundraising $120
-
17 · Travel
total $1,252,016 · program services $1,237,925 · management and general $14,006 · fundraising $85
-
19 · Conferences, conventions and meetings
total $31,446 · program services $26,877 · management and general $4,537 · fundraising $32
-
22 · Depreciation, depletion and amortization
total $17,203 · program services $5,776 · management and general $11,406 · fundraising $21
-
23 · Insurance
total $78,930 · program services $45,472 · management and general $33,293 · fundraising $165
-
24a · Other expenses: CONSULTANTS/OUTSIDE SER
total $5,209,518 · program services $5,113,962 · management and general $84,081 · fundraising $11,475
-
24b · Other expenses: TELEPHONE
total $23,120 · program services $16,145 · management and general $6,926 · fundraising $49
-
24c · Other expenses: REPAIRS & MAINTENANCE
total $2,195 · program services $2,194 · management and general $1 · fundraising $0
-
24d · Other expenses: POSTAGE
total $1,874 · program services $1,316 · management and general $555 · fundraising $3
-
24e · All other expenses
total $36 · program services $14 · management and general $22
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,208,431 · end of year $1,177,670
-
2 · Savings and temporary cash investments
beginning of year $91,098 · end of year $193,092
-
4 · Accounts receivable
beginning of year $2,868,179 · end of year $3,252,377
-
9 · Prepaid expenses and deferred charges
beginning of year $48,680 · end of year $326,480
-
10a · Land, buildings and equipment: cost or other basis
$200,298
-
10b · Land, buildings and equipment: accumulated depreciation
$135,677
-
10c · Land, buildings and equipment, net
beginning of year $49,486 · end of year $64,621
-
15 · Other assets
beginning of year $16,934 · end of year $16,934
-
17 · Accounts payable and accrued expenses
beginning of year $1,277,791 · end of year $1,323,269
-
19 · Deferred revenue
beginning of year $226,822 · end of year $780,127
-
27 · Net assets without donor restrictions
beginning of year $2,730,835 · end of year $2,213,853
-
28 · Net assets with donor restrictions
beginning of year $1,047,360 · end of year $713,925
Mission and programs · 2024
Mission
TO ENSURE THAT PEOPLE WORLDWIDE WORK UNDER SAFE, FAIR AND LEGAL WORKING CONDITIONS.
-
VERITE UNDERTOOK 28 INDEPENDENT, HIGH-QUALITY, ORIGINAL RESEARCH PROJECTS FOR 18 FUNDERS IN 28 COUNTRIES IN 2024. THESE PROJECTS PROVIDED INSIGHTS ON KEY ISSUES AND CHALLENGES IN RESPONSIBLE SOURCING FOR PARTNERS ACROSS COMMODITY, PRODUCT, SECTOR, AND COUNTRY LEVELS WHILE ALSO BRINGING THE PERSPECTIVE OF WORKERS TO THE FOREFRONT. OUR UNIQUE, BOTTOM-UP APPROACH TO RESEARCH PROVIDES PARTNERS WITH AN OBJECTIVE VIEW INTO THE CONDITIONS OF WORK IN THEIR SUPPLY CHAINS WITH A FOCUS ON LISTENING TO AND PRIORITIZING THOSE WHO KNOW THOSE CONDITIONS BEST WORKERS.
Expenses $7,818,626 · Revenue $7,818,626
-
VERITE CONDUCTED 173 COMPREHENSIVE AUDITS, INVESTIGATIONS, AND SCREENINGS, INCLUDING VIA OUR REMOTE FORCED LABOR SCREENING TOOL, CUMULUS, TO PROVIDE 22 COMPANIES WITH CRUCIAL INSIGHTS INTO WORKING CONDITIONS IN THEIR SUPPLY CHAINS ACROSS 24 COUNTRIES. FOCUSING ON SOME OF THE MOST DIFFICULT LABOR AND HUMAN RIGHTS ISSUES INCLUDING FORCED LABOR, HUMAN TRAFFICKING, AND CHILD LABOR THESE INTERVENTIONS CENTER THE VOICE OF WORKERS TO ALLOW US TO IDENTIFY THE ROOT CAUSE OF NONCOMPLIANCE, PRODUCING AN END PRODUCT THAT NOT ONLY IDENTIFIES ISSUES BUT ALSO PRODUCES ACTIONABLE RECOMMENDATIONS TO ADDRESS NONCOMPLIANCE SUSTAINABLY.
Expenses $2,076,456 · Revenue $1,923,330
-
VERITE COMPLETED 86 CONSULTING ENGAGEMENTS, GUIDING 26 DIFFERENT PARTNERS IN 19 COUNTIES THROUGH PROCESSES WHICH STRENGTHENED THEIR COMMITMENT AND ADHERENCE TO PREVAILING HUMAN RIGHTS DUE DILIGENCE PRINCIPLES. OUR BROAD EXPERTISE ACROSS MULTIPLE INDUSTRIES ALLOWED US TO SUPPORT A VARIETY OF CLIENTS AS THEY INTEGRATED THESE PRINCIPLES INTO ASPECTS OF THEIR WORK SUCH AS STRATEGIC PLANNING, SOURCING DECISIONS, AND CASCADING ACCOUNTABILITY ACROSS THEIR VALUE CHAINS - ALWAYS WITH A FOCUS ON MITIGATING RISK FOR THE BUSINESS AND IDENTIFYING, REMEDIATING, AND PREVENTING RISK FOR WORKERS.
Expenses $1,519,140 · Revenue $1,517,891
-
VERITE'S TRAINING CENTER DESIGNED AND DELIVERED 26 UNIQUE TRAINING COURSES FOR STAKEHOLDERS AT ALL LEVELS OF THE VALUE CHAIN IN 2024. THE ORGANIZATION ALSO WORKED TO AFFECT CHANGES AT THE GOVERNMENT AND POLICY LEVEL. LAST YEAR WE PROVIDED TECHNICAL ASSISTANCE TO GOVERNMENTS INTERESTED IN IMPROVING THEIR WORK IN RELATION TO ISSUES SUCH AS FORCED LABOR, CHILD LABOR, AND HUMAN TRAFFICKING, WHILE ALSO PARTICIPATING IN MULTIPLE POLICY FOCUSED INITIATIVES AND COALITIONS THAT PROMOTE HUMAN AND LABOR RIGHTS POLICY.
Expenses $247,188 · Revenue $223,489
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Margaret KeyMARGARET KEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Minal Patel DavisMINAL PATEL DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandy Tesch WilkinsSANDY TESCH WILKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mireille GrangenoisMIREILLE GRANGENOIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian LifsecBRIAN LIFSEC
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Liddy MansonLIDDY MANSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth AkanbombireELIZABETH AKANBOMBIRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Katie FordKATIE FORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel ViedermanDANIEL VIEDERMAN
CLERK
- Total calculated
- $0
- Hours/week
- 1
-
David LeviDAVID LEVI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laura Leedy GanslerLAURA LEEDY GANSLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Doug CahnDOUG CAHN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shawn MacDonaldSHAWN MACDONALD
CHIEF EXECUTIVE OFFICER
- Total calculated
- $193,362
- From this org
- $166,281
- From related orgs
- $0
- Other
- $27,081
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $166,281
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $27,081
- Filer's total
- $193,362
-
Elizabeth GarlandELIZABETH GARLAND
CHEIF PROGRAM OFFICER
- Total calculated
- $157,472
- From this org
- $137,729
- From related orgs
- $0
- Other
- $19,743
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $137,729
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $19,743
- Filer's total
- $157,472
-
Gabriela DelgadillaGABRIELA DELGADILLA
CHEIF PROGRAM OFFICER
- Total calculated
- $155,545
- From this org
- $137,729
- From related orgs
- $0
- Other
- $17,816
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $137,729
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $17,816
- Filer's total
- $155,545
-
Michael VaudreuilMICHAEL VAUDREUIL
SENIOR PROGRAM DIRECTOR
- Total calculated
- $154,679
- From this org
- $135,041
- From related orgs
- $0
- Other
- $19,638
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $135,041
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $19,638
- Filer's total
- $154,679
-
Declan CroucherDECLAN CROUCHER
CHIEF COMMERCIAL OFFICER
- Total calculated
- $153,861
- From this org
- $132,230
- From related orgs
- $0
- Other
- $21,631
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $132,230
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $21,631
- Filer's total
- $153,861
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 4 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503119349301870
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