Overview
What is Tft?
TFT, also known by its DBA name Earthworm, is a US-based organization based in Seattle, Washington. Their primary mission is to educate US companies on the environmental and social implications of their supply chains, with a particular focus on products containing wood, palm oil, pulp, and paper. By providing expertise, they help these companies increase transparency within their supply chains and reduce environmental risks. Furthermore, TFT assists companies in revising their social and environmental impact policies, and guides their leadership on implementing these policies effectively. They also collaborate with companies to create environmentally and socially beneficial programs, and have developed best practices for free, prior, and informed consent to be piloted in communities impacted by commodity extraction, ensuring a more sustainable approach to business. TFT currently employs 12 individuals.
Official website here: www.earthworm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
Tft has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial management. The organization scored 77% overall, with a focus on its Accountability & Finance, which is particularly strong. The absence of material diversion of assets and a favorable liabilities to assets ratio demonstrate sound fiscal practices.
The organization excels in various governance areas, including having a documented whistleblower policy and a conflict of interest policy. Furthermore, Tft's financial statements are subjected to oversight, and it maintains transparency through the publication of board meeting minutes. These practices reflect a commitment to ethical management and operational integrity.
However, the overall score is solely based on the Accountability & Finance beacon, which may not provide a comprehensive view of the organization's effectiveness in program delivery or other impact metrics. Although the program expense ratio is commendable at over 71%, further insights into the outcomes of Tft's initiatives would be beneficial for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Tft legitimate?
Tft is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tft 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: $293,244
Professional Fundraising Fees: $0
Other Salaries and Wages: $808,538
For more financial information, click here
Official website here: www.earthworm.org
What is the mission statement of Tft?
TFT's mission is centered around educating US companies on the environmental and social impacts of their supply chains, particularly those involving wood, palm oil/pulp, and paper. The organization aims to help these companies improve their environmental practices and transparency within their global supply chains. TFT provides expertise on the potential risks associated with low transparency, assists companies in enhancing transparency, and collaborates with them to develop environmentally and socially beneficial programming. Additionally, TFT has developed best practices for Free, Prior, and Informed Consent (FPIC) to be pilot-tested with local and indigenous communities impacted by commodity extraction.
Official website here: www.earthworm.org
Who is the CEO of Tft?
Steven Patriarco is the Secretary of Tft.
Official website here: www.earthworm.org
What is the revenue of Tft?
Tft's revenue in 2022 was $1,889,432.
Official website here: www.earthworm.org
Who are the executives of Tft and what are their salaries?
The average compensation at Tft during 2022 was $91,815. There are 12 employees at Tft.
Here are 6 key members and their salaries:
- Compensation: $148,595
- Related: $0
- Other: $5,558
- Compensation: $130,026
- Related: $0
- Other: $9,065
- Compensation: $125,584
- Related: $0
- Other: $8,036
- Compensation: $101,571
- Related: $0
- Other: $7,212
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.earthworm.org
Where can I find the form 990 for Tft?
Tft's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.earthworm.org
Learn more at the official website: www.earthworm.org
Mission Statement of Tft
The organization TFT, in its mission, strives to enlighten US companies about the environmental consequences of their supply chains, particularly those involving wood, palm oil, pulp, and paper. TFT aims to help these companies minimize the environmental and social impacts of their products by providing them with expertise on the environmental, social, and legal risks associated with opaque global supply chains.
By collaborating with these companies, TFT assists them in increasing transparency within their supply chains, thereby enabling them to make informed decisions that promote sustainability. Furthermore, TFT aids companies in revising their social and environmental impact policies and educates their leadership on implementing these policies effectively within their supply chains.
In addition to this, TFT works with companies to develop environmentally and socially beneficial programs. The organization also focuses on developing best practices for Free, Prior, and Informed Consent (FPIC) to be piloted with local and indigenous communities impacted by commodity extraction, ensuring that these communities have a voice in decisions affecting their environment and way of life.
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Impact
June, 2024
TFT's impact lies in its mission to educate US companies on the environmental impact of their supply chains, particularly in products containing wood, palm oil/pulp, and paper. By providing expertise on environmental, social, and legal risks of low transparency in global supply chains, TFT helps companies improve transparency and revise their policies for positive environmental and social outcomes. Through collaborations, TFT fosters the development of environmentally and socially beneficial programs and promotes best practices like free, prior, and informed consent. Their work aims to drive sustainable practices and accountability within supply chains, ultimately contributing to a healthier environment and society.
This information is meant to be a general summary of Tft. 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: $228,920
- Gross Receipts: $1,889,432
Assets and Liabilities:
- Total Assets: $30,574
- Total Liabilities: $0
- Net Assets: $30,574
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Environmental & Social Services
Revenue
$228,920
Organization Details
Founding Year
2010
Phone
(206) 414-0758Principal Officer
Steven Patriarco
Main Address
PO Box 30817, Seattle, WA, 98113
Website
www.earthworm.orgNTEE Category
Code: C36 - Environment
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