Totals
- Total revenue
- $9,956,684
- Total expenses
- $10,648,457
- Contributions and grants received
- $266,284
- Grants paid
- $0
- Program service revenue
- $9,630,645
- Investment income
- $1,363
- Other revenue
- $58,392
- Total assets, end of year
- $5,458,819
- Total liabilities, end of year
- $2,374,234
- Net assets or fund balances, end of year
- $3,084,585
- Program services expenses (Part IX)
- $10,044,346
- Management and general expenses
- $595,278
- Fundraising expenses
- $8,833
- Program service expenses (Part III)
- $10,044,346
Program services were 94.3% 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
$266,284
-
2a · Program service revenue: SERVICE FEES
total $9,630,645 · related or exempt $9,630,645
-
3 · Investment income
total $1,363 · excluded $1,363
-
11a · Other revenue: MISCELLANEOUS
total $58,392 · excluded $58,392
-
11e · Other revenue, total
$58,392
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $177,171 · program services $159,454 · management and general $17,717
-
7 · Other salaries and wages
total $3,102,074 · program services $2,793,799 · management and general $302,354 · fundraising $5,921
-
9 · Other employee benefits
total $687,355 · program services $608,723 · management and general $77,167 · fundraising $1,465
-
10 · Payroll taxes
total $265,049 · program services $253,245 · management and general $11,408 · fundraising $396
-
11b · Fees: legal
total $23,248 · program services $18,259 · management and general $4,969 · fundraising $20
-
11c · Fees: accounting
total $84,905 · program services $66,683 · management and general $18,149 · fundraising $73
-
12 · Advertising and promotion
total $28,987 · program services $26,555 · management and general $2,427 · fundraising $5
-
13 · Office expenses
total $236,985 · program services $206,801 · management and general $30,184
-
16 · Occupancy
total $150,283 · program services $103,772 · management and general $46,281 · fundraising $230
-
17 · Travel
total $675,975 · program services $664,956 · management and general $10,931 · fundraising $88
-
19 · Conferences, conventions and meetings
total $13,231 · program services $12,204 · management and general $1,023 · fundraising $4
-
22 · Depreciation, depletion and amortization
total $12,414 · program services $8,785 · management and general $3,617 · fundraising $12
-
23 · Insurance
total $78,654 · program services $50,147 · management and general $28,506 · fundraising $1
-
24a · Other expenses: CONSULTANTS/OUTSIDE SER
total $5,078,588 · program services $5,044,861 · management and general $33,139 · fundraising $588
-
24b · Other expenses: TELEPHONE
total $22,034 · program services $15,448 · management and general $6,563 · fundraising $23
-
24c · Other expenses: REPAIRS & MAINTENANCE
total $8,888 · program services $8,376 · management and general $511 · fundraising $1
-
24d · Other expenses: POSTAGE
total $2,086 · program services $1,748 · management and general $332 · fundraising $6
-
24e · All other expenses
total $530 · program services $530
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,513,199 · end of year $1,880,732
-
2 · Savings and temporary cash investments
beginning of year $939,469 · end of year $695,613
-
4 · Accounts receivable
beginning of year $2,604,432 · end of year $2,542,352
-
9 · Prepaid expenses and deferred charges
beginning of year $19,204 · end of year $46,576
-
10a · Land, buildings and equipment: cost or other basis
$147,211
-
10b · Land, buildings and equipment: accumulated depreciation
$103,708
-
10c · Land, buildings and equipment, net
beginning of year $18,219 · end of year $43,503
-
15 · Other assets
beginning of year $16,934 · end of year $250,043
-
17 · Accounts payable and accrued expenses
beginning of year $1,291,871 · end of year $1,392,808
-
19 · Deferred revenue
beginning of year $1,043,228 · end of year $745,926
-
25 · Other liabilities
beginning of year $0 · end of year $235,500
-
27 · Net assets without donor restrictions
beginning of year $2,524,580 · end of year $2,570,177
-
28 · Net assets with donor restrictions
beginning of year $1,251,778 · end of year $514,408
Mission and programs · 2022
Mission
TO ENSURE THAT PEOPLE WORLDWIDE WORK UNDER SAFE, FAIR AND LEGAL WORKING CONDITIONS.
-
VERITE UNDERTOOK 21 INDEPENDENT, HIGH-QUALITY, ORIGINAL RESEARCH PROJECTS FOR 13 FUNDERS IN MULTIPLE COUNTRIES PROVIDING ORIGINAL RESEARCH ON KEY ISSUES AND CHALLENGES IN RESPONSIBLE SUPPLY CHAIN SOURCING. WE LEVERAGED OUR GRASSROOTS ACCESS TO PROVIDE A UNIQUE, BOTTOM-UP, OBJECTIVE VIEW OF LABOR CONDITIONS AT THE COMMODITY, PRODUCT, SECTOR AND COUNTRY LEVEL.
Expenses $5,214,627 · Revenue $5,200,157
-
VERITE CONDUCTED 231 COMPREHENSIVE AUDITS, INVESTIGATIONS, SCREENINGS AND REVIEWS TO PROVIDE INSIGHT INTO WORKING CONDITIONS - INCLUDING FORCED LABOR, HUMAN TRAFFICKING, AND CHILD LABOR - IN GLOBAL SUPPLY CHAINS FOR 25 CLIENTS IN MORE THAN 29 COUNTRIES. OUR APPROACH CENTERED ON WORKERS' VOICES AND PROVIDED STAKEHOLDERS WITH ACTIONABLE RECOMMENDATIONS TO ADDRESS ROOT CAUSES OF NON-COMPLIANCE.
Expenses $2,159,690 · Revenue $2,368,363
-
VERITE COMPLETED 66 CONSULTING ENGAGEMENTS FOR 28 CLIENTS GUIDING COMPANIES IN STRENGTHENING INTERNAL AND SUPPLY CHAIN MANAGEMENT SYSTEMS THAT PROACTIVELY CONTROLLED RISKS TO THE BUSINESS AND ITS EMPLOYEES. OUR BROAD EXPERTISE ALLOWED US TO SUPPORT CLIENTS ACROSS INDUSTRIES IN STRATEGIC PLANNING, INTEGRATING SOCIAL RESPONSIBILITY REQUIREMENTS INTO SOURCING DECISIONS, AND CASCADING ACCOUNTABILITY THROUGHOUT THEIR VALUE CHAINS.
Expenses $1,768,087 · Revenue $2,009,213
-
VERITE DESIGNED AND DELIVERED IN-PERSON, REMOTE AND WEB-BASED SOLUTION-ORIENTED TRAINING PROGRAMS, PROVIDED GOVERNMENT AND TECHNICAL ASSISTANCE AND PROMTOED POLICY ADVACACY ON 21 PROJECTS WITH 18 PARTNERS IN MULTIPLE COUNTRIES.
Expenses $901,942 · Revenue $52,912
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
DOUG CAHN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAVID LEVI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DANIEL VIEDERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KATIE FORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LIDDY MANSON
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
LAURA LEEDY GANSLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRIAN LIFSEC
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
MIREILLE GRANGENOIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TU RINSCHE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SHAWN MACDONALD
CHIEF EXECUTIVE OFFICER
- Total calculated
- $177,172
- From this org
- $150,208
- From related orgs
- $0
- Other
- $26,964
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $150,208
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $26,964
- Filer's total
- $177,172
-
MICHAEL VAUDREUIL
SENIOR PROGRAM DIRECTOR
- Total calculated
- $140,400
- From this org
- $122,510
- From related orgs
- $0
- Other
- $17,890
- Hours/week
- 35
-
DECLAN CROUCHER
DIRECTOR OF ADVISORY SERVI
- Total calculated
- $142,448
- From this org
- $120,000
- From related orgs
- $0
- Other
- $22,448
- Hours/week
- 35
-
ELIZABETH GARLAND
CHEIF PROGRAM OFFICER
- Total calculated
- $145,455
- From this org
- $125,000
- From related orgs
- $0
- Other
- $20,455
- Hours/week
- 35
-
GABRIELA DELGADILLA
CHEIF PROGRAM OFFICER
- Total calculated
- $136,038
- From this org
- $125,000
- From related orgs
- $0
- Other
- $11,038
- Hours/week
- 35
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
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303189349310115
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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