Overview
What is Corporate Accountability Lab?
Corporate Accountability Lab, based in Chicago, Illinois, is a nonprofit organization dedicated to combat corporate abuse and impunity in global supply chains. They have innovatively employed legal strategies and design thinking processes to tackle human rights and environmental issues in Latin America and Africa. The Lab has pioneered the use of new contract language to safeguard workers' rights when violated abroad. Furthermore, they have fostered international collaborations among lawyers and advocates through virtual and in-person meetings, fostering cross-jurisdictional learning and innovation. With a team of nine individuals, the Lab harnesses the power of law to safeguard people and the planet from corporate misconduct.
Official website here: www.corpaccountabilitylab.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Corporate Accountability Lab has received a strong rating of 96%, indicating a high level of accountability and financial health. This score reflects the charity's commitment to transparent operations, with a significant portion of its rating derived from its robust Accountability & Finance practices. The organization notably has an independent board composed entirely of 90% independent members, showcasing a strong governance structure.
Strengths of Corporate Accountability Lab include a solid financial framework as evidenced by a program expense ratio of 84.09%, signifying that a substantial portion of its funds is directed towards programs rather than administrative costs. The organization also maintains comprehensive policies regarding conflict of interest, whistleblower protections, and document retention, all of which support its operational integrity.
Despite the high ratings, the data does not highlight any specific limitations or areas of concern regarding the organization's finances or governance. Overall, Corporate Accountability Lab demonstrates a commitment to best practices in accountability and finance, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Corporate Accountability Lab legitimate?
Corporate Accountability Lab is a legitimate nonprofit organization registered as a 501(c)(3) entity. Corporate Accountability Lab 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: $70,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $402,331
For more financial information, click here
Official website here: www.corpaccountabilitylab.org
What is the mission statement of Corporate Accountability Lab?
The Corporate Accountability Lab utilizes the power of law to safeguard people and the environment from corporate misconduct. Their mission involves harnessing the creative potential of legal frameworks to combat corporate abuse and impunity, particularly in global supply chains. This is achieved through various strategies, such as organizing a transitional justice laboratory that employs design thinking processes to create solutions addressing human rights and environmental issues across diverse regions, testing the implementation of new contract language to secure workers' legal rights in cases of labor violations abroad, and fostering collaborative innovation among lawyers and advocates from various jurisdictions.
Official website here: www.corpaccountabilitylab.org
Who is the CEO of Corporate Accountability Lab?
Charity Ryerson is the Executive Dir. of Corporate Accountability Lab.
Official website here: www.corpaccountabilitylab.org
What is the revenue of Corporate Accountability Lab?
Corporate Accountability Lab's revenue in 2022 was $961,181.
Official website here: www.corpaccountabilitylab.org
Who are the executives of Corporate Accountability Lab and what are their salaries?
The average compensation at Corporate Accountability Lab during 2022 was $52,537. There are 9 employees and 10 volunteers at Corporate Accountability Lab.
Here are 14 key members and their salaries:
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Official website here: www.corpaccountabilitylab.org
Where can I find the form 990 for Corporate Accountability Lab?
Corporate Accountability Lab's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.corpaccountabilitylab.org
Learn more at the official website: www.corpaccountabilitylab.org
Mission Statement of Corporate Accountability Lab
Corporate Accountability Lab, an organization dedicated to protecting people and the planet, harnesses the power of law to combat corporate abuse. Its mission is to unveil the innovative potential of legal frameworks, striving to shield individuals and the environment from exploitative corporate practices worldwide. Through initiatives such as the Legal Design Lab and Transitional Justice, the organization has devised and implemented unique strategies to confront corporate abuse and impunity in global supply chains. This work has encompassed various activities, including the establishment of a transitional justice laboratory that employs design thinking processes to create solutions addressing human rights and environmental violations across Latin America and Africa. Furthermore, the organization has experimented with incorporating new contract language, empowering workers by providing legal remedies when their labor rights are infringed upon abroad. Additionally, Corporate Accountability Lab facilitates international gatherings of lawyers and advocates, fostering cross-jurisdictional knowledge sharing and collaborative innovation.
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Impact
July, 2024
Corporate Accountability Lab's impact is significant in unleashing the creative potential of the law to protect people and the planet from corporate abuse. Through its legal design lab and transitional justice initiatives, the organization has developed and implemented innovative strategies to combat corporate abuse and impunity in global supply chains. This includes executing a global transitional justice laboratory using design thinking processes to generate prototypes addressing human rights and environmental harms in Latin America and Africa, piloting new contract language to give workers legal rights when their labor rights are violated abroad, and hosting cross-jurisdictional experience-sharing convenings for lawyers and advocates worldwide.
This information is meant to be a general summary of Corporate Accountability Lab. 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.
- Investment Income: $26
- Program Service Revenue: $68,274
- Gross Receipts: $961,181
Assets and Liabilities:
- Total Assets: $711,108
- Total Liabilities: $1,675
- Net Assets: $709,433
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contract Fees
Revenue
$52,274
Fiscal Sponsorship Fees
Revenue
$16,000
Organization Details
Founding Year
2017
Phone
(773) 346-5545Principal Officer
Charity Ryerson
Main Address
6214 N Glenwood Ave, Chicago, IL, 60660
NTEE Category
Code: Q70 - International
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