Overview
What is Fair Factories Clearinghouse Inc Co Abbott And Com?
Fair Factories Clearinghouse Inc Co Abbott And Com is a nonprofit organization situated in Lexington, Massachusetts. Their primary focus is on offering software and services to companies committed to sustainable supply chain compliance. Their software solutions are configurable and cost-effective, seamlessly integrating with members' existing processes. The organization's mission revolves around promoting ethical business decisions for a better world. By building scalable software, they facilitate continuous improvements in social, environmental, and security issues, ultimately leading to improved working conditions for laborers, ensuring safer and more humane work environments. With a workforce of 14 individuals, they contribute to fostering a more responsible and livable global business landscape.
Official website here: www.fairfactories.org
What are the reviews and ratings of this charity?
Charity Navigator rates Fair Factories Clearinghouse Inc Co Abbott And Com with a four-star rating, reflecting an impressive score of 96%. This rating indicates a strong commitment to accountability and financial health, showcasing the organization's effective management and transparency. The score is derived solely from the Accountability & Finance beacon, emphasizing the charity's robust governance practices.
The organization demonstrates notable strengths, including a fully independent board with 87% independent members and an excellent score for its audit and oversight committee. Additionally, Fair Factories Clearinghouse has strong policies in place regarding conflict of interest, whistleblower protection, and document management, all of which contribute to its integrity and operational effectiveness. The low liabilities to assets ratio further indicates a sound financial position.
However, while the organization excels in financial management and governance, the summary does not provide insights into its programmatic impact or community engagement. Future evaluations could benefit from additional information on how these strong financial practices translate into effective programs and services for the populations they serve.
This AI summary has been generated from information found on Charity Navigator.
Is Fair Factories Clearinghouse Inc Co Abbott And Com legitimate?
Fair Factories Clearinghouse Inc Co Abbott And Com is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fair Factories Clearinghouse Inc Co Abbott And Com submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $355,194
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,049,204
For more financial information, click here
Official website here: www.fairfactories.org
What is the mission statement of Fair Factories Clearinghouse Inc Co Abbott And Com?
Fair Factories Clearinghouse Inc, with Abbott and Com as its partner, aims to encourage informed ethical business decisions for a more sustainable and livable world. They accomplish this by developing scalable software that fosters continuous improvements in social, environmental, and security issues. This software leads to safer and more humane working conditions for employees worldwide. The organization provides cost-effective and customizable software solutions that can seamlessly integrate with members' existing processes, promoting supply chain compliance.
Official website here: www.fairfactories.org
Who is the CEO of Fair Factories Clearinghouse Inc Co Abbott And Com?
Unavailable
Official website here: www.fairfactories.org
What is the revenue of Fair Factories Clearinghouse Inc Co Abbott And Com?
Fair Factories Clearinghouse Inc Co Abbott And Com's revenue in 2022 was $2,615,454.
Official website here: www.fairfactories.org
Who are the executives of Fair Factories Clearinghouse Inc Co Abbott And Com and what are their salaries?
The average compensation at Fair Factories Clearinghouse Inc Co Abbott And Com during 2022 was $100,314. There are 14 employees and 8 volunteers at Fair Factories Clearinghouse Inc Co Abbott And Com.
Here are 13 key members and their salaries:
- Compensation: $185,615
- Related: $0
- Other: $0
- Compensation: $146,250
- Related: $0
- Other: $0
- Compensation: $135,300
- Related: $0
- Other: $0
- Compensation: $91,038
- Related: $0
- Other: $31,463
- Compensation: $105,021
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.fairfactories.org
Where can I find the form 990 for Fair Factories Clearinghouse Inc Co Abbott And Com?
Fair Factories Clearinghouse Inc Co Abbott And Com's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fairfactories.org
Learn more at the official website: www.fairfactories.org
Mission Statement of Fair Factories Clearinghouse Inc Co Abbott And Com
Fair Factories Clearinghouse Inc, with the addition of Abbott and Com, is committed to promoting informed ethical business decisions for a more livable world. The organization achieves this goal by constructing scalable software that encourages ongoing improvements in social, environmental, and security issues. This software is designed to enhance working conditions, making them safer and more humane for workers. By providing these services to individual member companies that prioritize supply chain compliance, Fair Factories Clearinghouse Inc contributes to fostering a business environment that values ethical practices. The software offered by the organization is customizable and can seamlessly integrate with a company's existing processes, offering cost-effective solutions that promote ethical business practices.
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Impact
August, 2024
Fair Factories Clearinghouse Inc Co Abbott And Com's impact lies in its ability to facilitate informed ethical business decisions for a better and more livable world. By providing scalable software that enables continuous improvements in social, environmental, and security issues, the organization contributes to creating safer and more humane working conditions for workers. This ensures that member companies serious about supply chain compliance can easily integrate cost-effective and configurable solutions into their existing processes, ultimately benefiting both the workers and the broader community.
This information is meant to be a general summary of Fair Factories Clearinghouse Inc Co Abbott And Com. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $2,323,166
- Gross Receipts: $2,615,454
Assets and Liabilities:
- Total Assets: $879,029
- Total Liabilities: $1,059,617
- Net Assets: -$180,588
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Member Custom Services
Revenue
$946,785
System Services
Revenue
$682,005
Hosting and Support
Revenue
$303,014
Factory Payments
Revenue
$391,362
Organization Details
Founding Year
2004
Main Address
1 Militia Dr Suite 202, Lexington, MA, 024214703
Website
www.fairfactories.orgNTEE Category
Code: R012 - Civil rights
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