Overview
What is Responsible Sourcing Network?
The Responsible Sourcing Network (RSN) is a nonprofit organization situated in Berkeley, California. Their primary mission is to establish accountable global supply chains that safeguard the well-being of people and the environment, all the way down to the raw material level. In the fiscal year 2022, RSN's focus on eliminating forced labor in cotton production remained a key priority. Their significant achievement involved releasing the YESS Standard for Fabric Mills and Spinning Mills, which aimed to promote ethical and sustainable sourcing. RSN then conducted assessments using these standards at spinning mills in Pakistan and India, with auditors shadowed by RSN for guidance. Additionally, they organized capacity building workshops to educate audiences on due diligence, traceability, and YESS assessments. With a workforce of two dedicated individuals, RSN continues to strive for responsible and transparent sourcing practices.
Official website here: www.sourcingnetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
The Responsible Sourcing Network has received a solid Three-Star rating based on its strong performance in accountability and finance. An 83% score reflects a well-managed organization, particularly noted for having a fully independent board of directors, which aligns with best practices for nonprofit governance. The organization has maintained a commendable program expense ratio of 82.58%, indicating that a significant portion of its expenses is directed towards its mission-driven programs.
Strengths of the organization include a clear conflict of interest policy and proper documentation of board meeting minutes, both of which contribute to transparency. Additionally, there are no recorded issues with material diversion of assets, underscoring the integrity of its financial practices. The liabilities to assets ratio of 23.84% also suggests a stable financial position, ensuring the organization can sustain its operations effectively.
However, there are some limitations to note. The Responsible Sourcing Network is missing specific policies on whistleblower protections and document retention and destruction, which may indicate areas for improvement in governance. Addressing these gaps could enhance the organization's overall accountability framework and further strengthen its commitment to ethical practices.
This AI summary has been generated from information found on Charity Navigator.
Is Responsible Sourcing Network legitimate?
Responsible Sourcing Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. Responsible Sourcing Network 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: $124,685
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,167
For more financial information, click here
Official website here: www.sourcingnetwork.org
What is the mission statement of Responsible Sourcing Network?
The Responsible Sourcing Network (RSN) aims to establish responsible and accountable global supply chains that consider the impact on both human communities and natural habitats, reaching down to the level of raw commodities. Through initiatives like the Yarn Ethically & Sustainably Sourced (YESS) program, RSN works towards eliminating forced labor in cotton production on a global scale. In FY2022, the organization released the YESS Standards for Fabric Mills and Spinning Mills, conducted third-party assessments in Pakistan and India, and provided capacity building workshops to educate audiences on due diligence, traceability, and YESS assessments.
Official website here: www.sourcingnetwork.org
Who is the CEO of Responsible Sourcing Network?
Patricia Jurewicz is the Ceo of Responsible Sourcing Network. The CEO's salary of Responsible Sourcing Network is $120,000 and their total compensation is $120,250.
Official website here: www.sourcingnetwork.org
What is the revenue of Responsible Sourcing Network?
Responsible Sourcing Network's revenue in 2023 was $495,104.
Official website here: www.sourcingnetwork.org
Who are the executives of Responsible Sourcing Network and what are their salaries?
The average compensation at Responsible Sourcing Network during 2023 was $66,926. There are 2 employees and 1 volunteer at Responsible Sourcing Network.
Here are 7 key members and their salaries (Responsible Sourcing Network's CEO's salary is $120,000 and their total compensation is $120,250):
- Compensation: $120,000
- Related: $0
- Other: $250
- 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.sourcingnetwork.org
Where can I find the form 990 for Responsible Sourcing Network?
Responsible Sourcing Network's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sourcingnetwork.org
Learn more at the official website: www.sourcingnetwork.org
Mission Statement of Responsible Sourcing Network
Responsible Sourcing Network, abbreviated as RSN, is dedicated to shaping global supply chains that are responsible and accountable towards the individuals and environments impacted, even at the raw commodity level. The organization's mission is to promote supply chains that adhere to ethical and sustainable practices, ensuring they have minimal negative impacts on people and the environment.
Throughout their activities, RSN focuses on addressing issues such as forced labor in cotton production on a global scale. In FY2022, the network continued its efforts to bring awareness to this issue and work towards its elimination. One of the significant accomplishments by RSN was the release of the YESS Standard for Fabric Mills (v.1) and YESS Standard for Spinning Mills (v.2). These standards serve as guidelines for supply chain actors to ensure their operations are ethically and sustainably sourced. RSN then conducted inaugural third-party assessments using these standards at spinning mills in Pakistan, followed by assessments at a knitting mill and a spinning mill in India. Additionally, the network organized capacity building workshops to educate audiences on due diligence, traceability, and YESS assessments, furthering their mission of fostering accountable global supply chains.
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Impact
July, 2024
Responsible Sourcing Network, through its cotton program initiatives, has made significant strides in raising awareness and taking concrete steps towards eliminating forced labor in the global cotton production industry. In FY2022, the organization successfully released the YESS Standard for Fabric Mills and YESS Standard for Spinning Mills, paving the way for ethical and sustainable sourcing practices in these key areas of the supply chain.
Additionally, RSN's due diligence initiative, YESS, conducted third-party assessments at spinning mills in Pakistan and India, working towards ensuring compliance with ethical sourcing standards. RSN also conducted capacity building workshops in these regions to educate stakeholders on due diligence, traceability, and YESS assessments, further cementing its impact on promoting transparency and accountability in supply chains.
These efforts by Responsible Sourcing Network have not only led to tangible advancements in combatting forced labor within the cotton industry but have also set a precedent for responsible sourcing practices across the global supply chain.
This information is meant to be a general summary of Responsible Sourcing Network. 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 2023.
- Investment Income: $18
- Program Service Revenue: $218,868
- Gross Receipts: $495,104
Assets and Liabilities:
- Total Assets: $340,788
- Total Liabilities: $81,256
- Net Assets: $259,532
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program services
Revenue
$218,868
Organization Details
Founding Year
2009
Phone
(415) 340-0809Principal Officer
Patricia Jurewicz
Main Address
2342 Shattuck Ave 305, Berkeley, CA, 94704
Website
www.sourcingnetwork.orgNTEE Category
Code: R20 - Civil rights
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