Overview
What is True Costs Initiative Inc?
True Costs Initiative Inc, based in Brookline, Massachusetts, is a nonprofit organization with a mission to enhance corporate accountability and strengthen legal systems in the global south. They achieve this by fostering collaboration among communities, funders, and creative leaders, aiming to shift the balance so corporations are held accountable for and internalize the true environmental and human costs of their actions. TCI provides recommendations for funding to 64 NGOs, supports fellowship programs, and facilitates partnerships between funders, NGOs, and community experts. Their efforts have led to increased funding for partner organizations and expanded their donor base. The organization also publishes articles, engages in speaking events, and develops training and educational programs for other NGOs. Through mentorship and provision of legal and technical tools, TCI bolsters the capacity of vulnerable communities.
Official website here: www.truecostsinitiative.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
True Costs Initiative Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity’s overall score is a result of its excellent practices in managing financial resources and governance, with an Accountability & Finance score of 96%. This high rating signifies that the organization operates with transparency and responsibility, reassuring donors about the effective use of their contributions.
The organization is noted for its independent governance, with 75% of its board members being independent, which enhances its credibility and decision-making. True Costs Initiative Inc also demonstrates robust financial health, with no reported material diversion of assets and a low liabilities-to-assets ratio of 8.69%. Furthermore, it has successfully implemented key policies, such as conflict of interest and whistleblower protections, which are crucial for maintaining ethical practices within the organization.
While the data presented is overwhelmingly positive, it is essential for potential donors to consider the overall impact of the organization’s programs. Program expense ratio stands at 71.78%, indicating that a significant portion of resources is directed towards mission-related activities. Overall, True Costs Initiative Inc appears to be a well-managed nonprofit with a strong commitment to accountability and effective financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is True Costs Initiative Inc legitimate?
True Costs Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. True Costs Initiative Inc 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: $325,318
Professional Fundraising Fees: $0
Other Salaries and Wages: $473,240
For more financial information, click here
Official website here: www.truecostsinitiative.org
What is the mission statement of True Costs Initiative Inc?
The True Costs Initiative (TCI) aims to enhance corporate accountability and strengthen legal systems in the global south. They achieve this by fostering collaboration among communities, funders, and creative leaders. The ultimate goal is to shift the balance so corporations are held responsible for and internalize the true environmental and human costs of their actions. TCI provides recommendations for funding relevant Non-Governmental Organizations (NGOs) that promote corporate accountability and the rule of law. They facilitate partnerships between funders, grantee partners, and community experts to support the expansion of these partners' funding bases. Additionally, TCI evaluates the funding that NGOs leverage with TCI-recommended funding. The organization also supports science and law fellows through fellowship programs with host NGOs, publishes articles, and engages in speaking events with various stakeholders to promote their cause.
Official website here: www.truecostsinitiative.org
What is the revenue of True Costs Initiative Inc?
True Costs Initiative Inc's revenue in 2024 was $1,228,000.
Official website here: www.truecostsinitiative.org
Who are the executives of True Costs Initiative Inc and what are their salaries?
The average compensation at True Costs Initiative Inc during 2024 was $133,093. There are 6 employees and 3 volunteers at True Costs Initiative Inc.
Here are 6 key members and their salaries:
- Compensation: $286,097
- Related: $0
- Other: $39,221
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $135,866
- Related: $0
- Other: $15,658
- Compensation: $120,006
- Related: $0
- Other: $19,097
Official website here: www.truecostsinitiative.org
Where can I find the form 990 for True Costs Initiative Inc?
True Costs Initiative Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.truecostsinitiative.org
Learn more at the official website: www.truecostsinitiative.org
Mission Statement of True Costs Initiative Inc
True Costs Initiative (TCI) is a nonprofit organization with a mission to enhance corporate accountability and strengthen legal systems in the global south. They achieve this by fostering collaboration among communities, funders, and creative leaders. The ultimate goal is to shift the balance, making corporations responsible for and internally aware of the true environmental and human costs of their actions. TCI works towards this objective by providing recommendations for funding to NGOs that promote corporate accountability and the rule of law. They also facilitate partnerships between funders, grantee partners, and community experts, supporting these partners in expanding their funding base. Additionally, TCI evaluates the funding that NGOs leverage with TCI-recommended funding, and supports science and law fellows in fellowship programs with host NGOs. The organization also publishes articles and engages in speaking events with funders, academics, community organizers, and students. TCI continues to collaborate with other NGOs to develop training and educational programs, increase the capacity of these NGOs through mentoring, and provide vulnerable communities with access to legal and technical tools and knowledge infrastructure.
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Impact
July, 2024
True Costs Initiative Inc's impact can be seen through its efforts to increase corporate accountability and strengthen legal systems in the global South. The organization has played a significant role in driving collaboration among communities, funders, and creative leaders to ensure that corporations are held accountable for and internalize the true environmental and human costs of their actions.
Specifically, True Costs Initiative Inc has made a difference by providing recommendations for funding to 64 NGOs that advance corporate accountability and the rule of law. It has facilitated collaboration between grantee partners, funders, and community experts to expand the funders' base for these NGOs. The organization has evaluated funding leveraged by NGOs with its recommended funding and supported Science and Law fellows in fellowship programs with host NGOs.
Additionally, True Costs Initiative Inc has engaged in publishing articles and participating in speaking events with various stakeholders, including funders, academics, community organizers, and students. The organization's work has focused on developing training and educational programs, increasing the capacity of partner NGOs through mentoring, and providing vulnerable communities with access to legal and technical tools and knowledge infrastructure.
Overall, True Costs Initiative Inc's impact is evident in its commitment to promoting corporate accountability and supporting efforts to address the true costs of environmental and human actions in the global South.
This information is meant to be a general summary of True Costs Initiative Inc. 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 2024.
- Program Service Revenue: $29,612
- Gross Receipts: $1,228,000
Assets and Liabilities:
- Total Assets: $134,689
- Total Liabilities: $4,611
- Net Assets: $130,078
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RELATED ACTIVITY SVCS
Revenue
$29,612
Organization Details
Founding Year
2016
Principal Officer
Conniel Malek
Website
www.truecostsinitiative.orgNTEE Category
Code: Q05 - International
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