﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2023v5.1" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2024-10-28T09:40:35-07:00</ReturnTs>
    <TaxPeriodEndDt>2023-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>992204443</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Malvoso CPA</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>360 Grand Ave408</AddressLine1Txt>
        <CityNm>Oakland</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>94610</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990EZ</ReturnTypeCd>
    <TaxPeriodBeginDt>2023-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>461453455</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>Institute for Multi-Stakeholder Initiati</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>INST</BusinessNameControlTxt>
      <PhoneNum>6179490585</PhoneNum>
      <USAddress>
        <AddressLine1Txt>82 Wendell Ave STE 100</AddressLine1Txt>
        <CityNm>Pittsfield</CityNm>
        <StateAbbreviationCd>MA</StateAbbreviationCd>
        <ZIPCd>01201</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>Tyler Giannini</PersonNm>
      <PersonTitleTxt>Treasurer</PersonTitleTxt>
      <SignatureDt>2024-10-28</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>Shelby Malvoso</PreparerPersonNm>
      <PTIN>P01968972</PTIN>
      <PhoneNum>5104736240</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2023</TaxYr>
    <BuildTS>2024-10-15 13:58:12Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="4">
    <IRS990EZ documentId="IRS990EZ" referenceDocumentId="IRS990ScheduleO TransfersPersonalBenefitsContr" softwareId="23017518" softwareVersionNum="2023v5.1">
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <WebsiteAddressTxt>www.msi-integrity.org</WebsiteAddressTxt>
      <Organization501c3Ind referenceDocumentId="IRS990ScheduleA">X</Organization501c3Ind>
      <TypeOfOrganizationCorpInd>X</TypeOfOrganizationCorpInd>
      <GrossReceiptsAmt>17032</GrossReceiptsAmt>
      <InfoInScheduleOPartIInd>X</InfoInScheduleOPartIInd>
      <ContributionsGiftsGrantsEtcAmt>16783</ContributionsGiftsGrantsEtcAmt>
      <InvestmentIncomeAmt>249</InvestmentIncomeAmt>
      <CostOrOtherBasisExpenseSaleAmt>0</CostOrOtherBasisExpenseSaleAmt>
      <FundraisingGrossIncomeAmt>0</FundraisingGrossIncomeAmt>
      <SpecialEventsDirectExpensesAmt>0</SpecialEventsDirectExpensesAmt>
      <CostOfGoodsSoldAmt>0</CostOfGoodsSoldAmt>
      <TotalRevenueAmt>17032</TotalRevenueAmt>
      <SalariesOtherCompEmplBnftAmt>73197</SalariesOtherCompEmplBnftAmt>
      <FeesAndOtherPymtToIndCntrctAmt>7440</FeesAndOtherPymtToIndCntrctAmt>
      <OccupancyRentUtltsAndMaintAmt>300</OccupancyRentUtltsAndMaintAmt>
      <OtherExpensesTotalAmt>4702</OtherExpensesTotalAmt>
      <TotalExpensesAmt>85639</TotalExpensesAmt>
      <ExcessOrDeficitForYearAmt>-68607</ExcessOrDeficitForYearAmt>
      <NetAssetsOrFundBalancesBOYAmt>79984</NetAssetsOrFundBalancesBOYAmt>
      <NetAssetsOrFundBalancesEOYAmt>11377</NetAssetsOrFundBalancesEOYAmt>
      <InfoInScheduleOPartIIInd>X</InfoInScheduleOPartIIInd>
      <CashSavingsAndInvestmentsGrp>
        <BOYAmt>79305</BOYAmt>
        <EOYAmt>12033</EOYAmt>
      </CashSavingsAndInvestmentsGrp>
      <OtherAssetsTotalDetail>
        <BOYAmt>3532</BOYAmt>
      </OtherAssetsTotalDetail>
      <Form990TotalAssetsGrp>
        <BOYAmt>82837</BOYAmt>
        <EOYAmt>12033</EOYAmt>
      </Form990TotalAssetsGrp>
      <SumOfTotalLiabilitiesGrp>
        <BOYAmt>2853</BOYAmt>
        <EOYAmt>656</EOYAmt>
      </SumOfTotalLiabilitiesGrp>
      <NetAssetsOrFundBalancesGrp>
        <BOYAmt>79984</BOYAmt>
        <EOYAmt>11377</EOYAmt>
      </NetAssetsOrFundBalancesGrp>
      <PrimaryExemptPurposeTxt>Research the human rights impact and value of voluntary initiatives that address business and human rights including how the form and structure of businesses affects their impacts, facilitate learning in the field, and develop tools to evaluate initiatives from a human rights perspective.</PrimaryExemptPurposeTxt>
      <ProgramSrvcAccomplishmentGrp>
        <DescriptionProgramSrvcAccomTxt>MSI Integrity published articles and blogs, was featured in news reports and participated in virtual events and discussions to disseminate the findings of our 235-page report, published in 2020, on the effectiveness of voluntary business and human rights-related initiatives, and the importance of challenging the corporate form. The organization also engaged a variety of partners and conducted and compiled research into alternative corporate governance structures that are more human rights-centric.</DescriptionProgramSrvcAccomTxt>
        <ProgramServiceExpensesAmt>46267</ProgramServiceExpensesAmt>
      </ProgramSrvcAccomplishmentGrp>
      <TotalProgramServiceExpensesAmt>46267</TotalProgramServiceExpensesAmt>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>Deval Desai</PersonNm>
        <TitleTxt>President</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>Tyler Giannini</PersonNm>
        <TitleTxt>Treasurer</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>Fola Adeleke</PersonNm>
        <TitleTxt>Secretary</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>Amelia Evans</PersonNm>
        <TitleTxt>Executive Dir.</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>54267</CompensationAmt>
        <EmployeeBenefitProgramAmt>10541</EmployeeBenefitProgramAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
      <ChgMadeToOrgnzngDocNotRptInd>false</ChgMadeToOrgnzngDocNotRptInd>
      <OrganizationHadUBIInd>false</OrganizationHadUBIInd>
      <SubjectToProxyTaxInd>false</SubjectToProxyTaxInd>
      <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
      <Form1120PolFiledInd>false</Form1120PolFiledInd>
      <MadeLoansToFromOfficersInd>false</MadeLoansToFromOfficersInd>
      <TaxImposedUnderIRC4911Amt>0</TaxImposedUnderIRC4911Amt>
      <TaxImposedUnderIRC4912Amt>0</TaxImposedUnderIRC4912Amt>
      <TaxImposedUnderIRC4955Amt>0</TaxImposedUnderIRC4955Amt>
      <EngagedInExcessBenefitTransInd>false</EngagedInExcessBenefitTransInd>
      <TaxImposedOnOrganizationMgrAmt>0</TaxImposedOnOrganizationMgrAmt>
      <TaxReimbursedByOrganizationAmt>0</TaxReimbursedByOrganizationAmt>
      <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
      <StatesWhereCopyOfReturnIsFldCd>CA</StatesWhereCopyOfReturnIsFldCd>
      <StatesWhereCopyOfReturnIsFldCd>MA</StatesWhereCopyOfReturnIsFldCd>
      <BooksInCareOfDetail>
        <PersonNm>Amelia Evans</PersonNm>
        <USAddress>
          <AddressLine1Txt>82 Wendell Ave STE 100</AddressLine1Txt>
          <CityNm>Pittsfield</CityNm>
          <StateAbbreviationCd>MA</StateAbbreviationCd>
          <ZIPCd>01201</ZIPCd>
        </USAddress>
        <PhoneNum>6179490585</PhoneNum>
      </BooksInCareOfDetail>
      <ForeignFinancialAccountInd>false</ForeignFinancialAccountInd>
      <ForeignOfficeInd>false</ForeignOfficeInd>
      <DonorAdvisedFndsInd>false</DonorAdvisedFndsInd>
      <OperateHospitalInd>false</OperateHospitalInd>
      <TanningServicesProvidedInd>false</TanningServicesProvidedInd>
      <RelatedOrganizationCtrlEntInd>false</RelatedOrganizationCtrlEntInd>
      <TransactionWithControlEntInd>false</TransactionWithControlEntInd>
      <PoliticalCampaignActyInd>false</PoliticalCampaignActyInd>
      <LobbyingActivitiesInd>false</LobbyingActivitiesInd>
      <SchoolOperatingInd>false</SchoolOperatingInd>
      <TrnsfrExmptNonChrtblRltdOrgInd>false</TrnsfrExmptNonChrtblRltdOrgInd>
      <PartVIOfCompOfHghstPdEmplTxt>NONE</PartVIOfCompOfHghstPdEmplTxt>
      <PartVIHghstPdCntrctProfSrvcTxt>NONE</PartVIHghstPdCntrctProfSrvcTxt>
      <FiledScheduleAInd>true</FiledScheduleAInd>
    </IRS990EZ>
    <IRS990ScheduleA documentId="IRS990ScheduleA" softwareId="23017518" softwareVersionNum="2023v5.1">
      <PublicOrganization170Ind>X</PublicOrganization170Ind>
      <GiftsGrantsContriRcvd170Grp>
        <CurrentTaxYearMinus4YearsAmt>150000</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>448408</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>463162</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearAmt>16783</CurrentTaxYearAmt>
        <TotalAmt>1078353</TotalAmt>
      </GiftsGrantsContriRcvd170Grp>
      <TaxRevLeviedOrgnztnlBnft170Grp>
        <TotalAmt>0</TotalAmt>
      </TaxRevLeviedOrgnztnlBnft170Grp>
      <GovtFurnSrvcFcltsVl170Grp>
        <TotalAmt>0</TotalAmt>
      </GovtFurnSrvcFcltsVl170Grp>
      <TotalCalendarYear170Grp>
        <CurrentTaxYearMinus4YearsAmt>150000</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>448408</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>463162</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearAmt>16783</CurrentTaxYearAmt>
        <TotalAmt>1078353</TotalAmt>
      </TotalCalendarYear170Grp>
      <SubstantialContributorsTotAmt>785242</SubstantialContributorsTotAmt>
      <PublicSupportTotal170Amt>293111</PublicSupportTotal170Amt>
      <GrossInvestmentIncome170Grp>
        <CurrentTaxYearMinus4YearsAmt>137</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>113</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>208</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>233</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>249</CurrentTaxYearAmt>
        <TotalAmt>940</TotalAmt>
      </GrossInvestmentIncome170Grp>
      <UnrelatedBusinessNetIncm170Grp>
        <TotalAmt>0</TotalAmt>
      </UnrelatedBusinessNetIncm170Grp>
      <OtherIncome170Grp>
        <TotalAmt>0</TotalAmt>
      </OtherIncome170Grp>
      <TotalSupportAmt>1079293</TotalSupportAmt>
      <GrossReceiptsRltdActivitiesAmt>10000</GrossReceiptsRltdActivitiesAmt>
      <PublicSupportCY170Pct>0.27160</PublicSupportCY170Pct>
      <PublicSupportPY170Pct>0.26290</PublicSupportPY170Pct>
      <TenPctFactsCrcmstncsTestCYInd>X</TenPctFactsCrcmstncsTestCYInd>
      <FactsAndCircumstancesTestTxt>Prior Year Facts and Circumstances: It is our conclusion that MSI Integrity passes the 10 Facts and Circumstance Test based on the following: 170A-9F3ii- Attraction of public support- MSI Integrity's mission is to research the human rights impact and value of voluntary initiatives in business that address business and human rights, facilitate learning in the field, and develop tools to evaluate initiatives from a human rights perspective. These initiatives, such as Fairtrade and Roundtable on Sustainable Palm Oil certifications are relied on by the general public. We provide free assessment tools that are available for the public to use to measure their effectiveness from a human rights perspective and hold free public events such as webinars and online discussions. We are also increasingly examining the benefits to the national workforce, as well as to especially marginalized communities, of worker-owned and -governed business entities. We have a portal on our website to encourage direct public donations. 170A-9F3iiiA,B- Percentage of financial support and Sources of financial support- MSI Integrity is actively working to diversify its funding sources to build up wider public support. However, as our funding landscape has changed post-COVID, we have not been able to attract new funding sources. This means our figures rely heavily on earlier years, when MSI Integrity received significant funding from a small number of large, national, private foundations. These professional foundations each have dozens of staff, with many having well over over 100 staff members, and a significant public presence. We work with multiple different program officers at these foundations they were not the result of personal or private relationships with individuals nor were they family-managed foundations. These grants were multi-year in nature and in accordance with GAAP recorded in full when awarded. No employee or board member of MSI Integrity has business or family relations with these foundations, or any of their staff. MSI Integrity's fundraising, historically, has been conducted primarily by direct contact with potential donors, carried out under the supervision of officers and directors of MSI Integrity. 170A-9F3iiiC Representative governing body- MSI Integrity is governed by a board of directors comprised of four public-interest lawyers and academics who have special knowledge and expertise about human rights and global governance. It does not have any representation from the foundations or donors who support it. 170A-9F3iiiD Availability of public facilities or services public participation in programs or policies.- MSI Integrity publishes scholarly studies and tools that are widely available and used by colleges, universities, and members of the general public. In 2018, the organization developed a global research network of MSIs to help facilitate dialogue and critical reflection on MSIs among researchers and practitioners. In 2020, MSI Integrity published a report and digital tool to help academics, economists, lawyers, activists, and the public understand MSIs and their impact on business and human rights. In 2021, the organization translated the report into Spanish for wider public use. In 2022, staff participated in many media engagements, including in TV, podcast and online formats. In addition, the staff of MSI Integrity regularly participated in dialogues, conferences and research workshops to share research and good practices. Where possible, all these events, discussions and dialogues are recorded and made publicly available on our website.</FactsAndCircumstancesTestTxt>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="IRS990ScheduleB" softwareId="23017518" softwareVersionNum="2023v5.1">
      <ContributorInformationGrp>
        <ContributorNum>RESTRICTED</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="23017518" softwareVersionNum="2023v5.1">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Other Expenses.1002</FormAndLineReferenceDesc>
        <ExplanationTxt>Office Expenses $3796</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Other Expenses.1003</FormAndLineReferenceDesc>
        <ExplanationTxt>Information Technology $906</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Other Assets.1</FormAndLineReferenceDesc>
        <ExplanationTxt>Prepaid expenses - Beginning $2082 Prepaid expenses - Ending $0</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Other Assets.2</FormAndLineReferenceDesc>
        <ExplanationTxt>Fixed assets, net of depreciation - Beginning $1450 Fixed assets, net of depreciation - Ending $0</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Total Liabilities.1</FormAndLineReferenceDesc>
        <ExplanationTxt>Accounts payable - Beginning $2853 Accounts payable - Ending $656</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>