2024-05-13T15:19:19-05:00 2023-12-31 861065772 DELOITTE TAX LLP 1015 2ND AVE SUITE 500 SEATTLE WA 98104 990 2023-01-01 813796649 TRUE COSTS INITIATIVE INC TRUE 8572931660 202 WASHINGTON ST SUITE 333 BROOKLINE MA 02445 CONNIEL MALEK EXECUTIVE DIRECTOR 8572931660 2024-05-13 1 CONNIEL MALEK 999009999 0 REBEKAH STANLEY P01696711 2067167000 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z X CONNIEL MALEK 202 WASHINGTON ST SUITE 333 BROOKLINE MA 02445 1135000 0 X WWW.TRUECOSTSINITIATIVE.ORG X 2016 DE TRUE COSTS INITIATIVE (TCI) SEEKS TO INCREASE CORPORATE ACCOUNTABILITY AND TO STRENGTHEN LEGAL SYSTEMS IN THE GLOBAL SOUTH BY DRIVING COLLABORATION AMONG COMMUNITIES, FUNDERS, AND CREATIVE LEADERS IN AN EFFORT TO TIP THE BALANCE SO CORPORATIONS ARE HELD ACCOUNTABLE FOR AND INTERNALIZE THE TRUE ENVIRONMENTAL AND HUMAN COSTS OF THEIR ACTIONS. 4 3 0 4 0 0 905000 1135000 29612 0 0 0 1400 0 936012 1135000 2815 8650 0 0 675964 821734 0 0 4643 186101 241017 864880 1071401 71132 63599 134689 212147 4611 18470 130078 193677 X TRUE COSTS INITIATIVE SEEKS TO INCREASE CORPORATE ACCOUNTABILITY AND TO STRENGTHEN LEGAL SYSTEMS IN THE GLOBAL SOUTH BY DRIVING COLLABORATION AMONG COMMUNITIES, FUNDERS, AND CREATIVE LEADERS IN AN EFFORT TO TIP THE BALANCE SO CORPORATIONS ARE HELD ACCOUNTABLE FOR AND INTERNALIZE THE TRUE ENVIRONMENTAL AND HUMAN COSTS OF THEIR ACTIONS. 0 0 784588 8650 TCI PROVIDED RECOMMENDATIONS FOR FUNDING 61 NGOS WHICH ADVANCE CORPORATE ACCOUNTABILITY AND THE RULE OF LAW. TCI FACILITATED COLLABORATION BETWEEN 8 GRANTEE PARTNERS, FUNDERS, AND COMMUNITY EXPERTS TO SUPPORT GRANTEE PARTNERS IN EXPANDING THEIR FUNDER BASE. TCI EVALUATED FUNDING THAT NGOS LEVERAGED WITH TCI-RECOMMENDED FUNDING. TCI SUPPORTED 11 SCIENCE AND LAW FELLOWS IN FELLOWSHIP PROGRAMS WITH HOST NGOS. THE ORGANIZATION PUBLISHED ARTICLES AND ENGAGED IN 5 SPEAKING EVENTS WITH FUNDERS, ACADEMICS, COMMUNITY ORGANIZERS, AND STUDENTS. TCI CONTINUED TO WORK WITH OTHER NGO'S TO DEVELOP TRAINING AND EDUCATIONAL PROGRAMS AND LEARNING AGENDAS; INCREASED THE CAPACITY OF THESE NGOS BY MENTORING; AND PROVIDED VULNERABLE COMMUNITIES WITH ACCESS TO LEGAL AND TECHNICAL TOOLS AND KNOWLEDGE INFRASTRUCTURE. 784588 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MA X CONNIEL MALEK 8572931660 200-202 WASHINGTON STREET BROOKLINE MA 02445 CONNIEL MALEK EXECUTIVE DIRECTOR 50.00 X X 295666 0 14334 HASHIM BELLO DIRECTOR AND BOARD CHAIR 0.50 X X 0 0 0 MIHIR MUNSHI DIRECTOR AND SECRETARY 0.50 X X 0 0 0 SHUSHANNA MIGNOTT BOARD MEMBER 0.50 X 0 0 0 PEGGY CHU DIRECTOR OF OPERATIONS 40.00 X 117253 0 14517 NITTAYA SAENBUT PROGRAM OFFICER 40.00 X 107017 0 24742 519936 0 53593 3 0 1 0 0 1135000 1135000 1135000 0 0 0 8650 8650 309956 244333 64426 1197 388904 306567 80835 1502 9863 7775 2050 38 62547 49304 13001 242 50464 39780 10489 195 4149 4149 49241 1253 47988 1286 33 1253 6220 2063 3107 1050 4564 3245 1303 16 17272 5027 12245 27600 21757 5736 107 85431 70266 14889 276 19278 9639 9639 4922 1629 3285 8 MEMBERSHIPS&PERIODICALS 10562 10562 EMPLOYEE CULTURE 4652 4652 EQUIPMENT 3430 2705 713 12 MISCELLANEOUS EXPENSES 1258 1258 1152 1152 1071401 784588 282170 4643 114015 195335 20674 16812 134689 212147 4611 18470 4611 18470 X 125078 188677 5000 5000 130078 193677 134689 212147 63599 0 X 0 1 X 0 0 X 290000 450000 475000 905000 1135000 3255000 290000 450000 475000 905000 1135000 3255000 3255000 1400 1400 3256400 88702 0.99960 0.99940 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPEAKING FEES RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1135000 0 1135000 0 1135000 1071401 0 1071401 0 1071401 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES CONFERENCE 6221 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES REC. GRANTEE VISIT 11688 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CONFERENCE 2613 NORTH AMERICA 0 0 PROGRAM SERVICES CONFERENCE 11514 SOUTH AMERICA 0 0 PROGRAM SERVICES CONFERENCE 1698 0 0 0 0 0 0 33734 0 33734 0 0 0 0 0 0 X X X 0 0 0 0 0 0 0 0 0 CONNIEL MALEK EXECUTIVE DIRECTOR 295666 0 0 0 0 0 11332 0 3002 0 310000 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE TAX RETURN, FORM 990, IS PROVIDED TO THE GOVERNING BODY OF TRUE COSTS INITIATIVE FOR THEIR REVIEW PRIOR TO THE TAX RETURN BEING FILED WITH THE TAXING AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST INCLUDE 1) AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST, 2) THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT 3) AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST 4) IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15A TCI ENGAGED A COMPENSATION CONSULTING FIRM SPECIALIZING IN NON-PROFITS TO CONDUCT A COMPENSATION STUDY OF ALL POSITIONS. THE FIRM COMPARED THE COMPENSATION DATA OF ORGANIZATIONS OF SIMILAR SIZE AND MISSION TO TCI AND MADE RECOMMENDATIONS AS TO APPROPRIATE PAY RANGES. THE REPORT WAS REVIEWED BY THE BOARD OF DIRECTORS, AND THE DIRECTORS APPROVED A CHANGE TO THE EXECUTIVE DIRECTOR'S COMPENSATION. THE EXECUTIVE DIRECTOR USED THE REPORT TO SET THE COMPENSATION RATES OF ALL OTHER STAFF MEMBERS. THE STUDY AND CHANGES WERE DONE IN 2021. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE ORGANIZATIONS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. A COPY OF THE CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC UPON REQUEST.