2026-06-11T09:12:10-05:00 2025-12-31 992277914 EAG NEW ENGLAND LLC 115 FEDERAL STREET SUITE 901 BOSTON MA 02110 990 2025-01-01 813796649 TRUE COSTS INITIATIVE INC TRUE 8572931660 202 WASHINGTON STREET 333 BROOKLINE MA 02445 CONNIEL MALEK EXECUTIVE DIRECTOR 8572931660 2026-06-11 1 EUGENE BORGONZI P01269879 6172276161 2026-06-09 2025 2025-03-06 01:10:19Z CONNIEL MALEK 202 WASHINGTON STREET 333 BROOKLINE MA 02445 1271000 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 6 3 0 0 1228000 1271000 0 0 0 0 0 0 1228000 1271000 1230 13300 0 0 928599 1008470 0 0 2310 199485 232109 1129314 1253879 98686 17121 309972 331079 17609 21595 292363 309484 X 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. 0 0 935424 13300 0 TCI PROVIDED RECOMMENDATIONS FOR FUNDING 70 NGOS WHICH ADVANCE CORPORATE ACCOUNTABILITY AND THE RULE OF LAW. TCI FACILITATED COLLABORATION BETWEEN GRANTEE PARTNERS, FUNDERS, AND COMMUNITY EXPERTS ON THREE OCCASIONS TO SUPPORT GRANTEE PARTNERS IN EXPANDING THEIR FUNDER BASE. TCI PROVIDED CONSULTATIONS TO GRANTEE PARTNERS ON 12 OCCASIONS. TCI SUPPORTED EIGHT SCIENCE AND LAW FELLOWS IN FELLOWSHIP PROGRAMS WITH HOST NGOS. THE ORGANIZATION PUBLISHED ARTICLES AND ENGAGED IN 24 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 COMMUNITES WITH ACCESS TO LEGAL AND TECHNICAL TOOLS AND KNOWLEDGE INFRASTRUCTURE. 935424 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 6 1 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 1 0 MA X CONNIEL MALEK 8572931660 202 WASHINGTON ST STE 333 BROOKLINE MA 02445 CONNIEL MALEK EXECUTIVE DIRECTOR 50.00 X X 304912 0 38893 HASHIM BELLO BOARD CHAIR/DIRECTOR 0.50 X X 0 0 0 MIHIR MUNSHI SECRETARY/DIRECTOR 0.50 X X 0 0 0 SHUSHANNA MIGNOTT TREASURER/DIRECTOR 0.50 X X 0 0 0 PEGGY CHU DIRECTOR OF OPERATIONS 40.00 X 145695 0 16382 NITTAYA SAENBUT PROGRAM DIRECTOR 40.00 X 128633 0 4443 579240 0 59718 3 0 1 0 0 1271000 1271000 1271000 0 0 0 7300 7300 6000 6000 343745 326558 17187 566304 408236 156224 1844 11895 8090 3759 46 44735 31480 13098 157 41791 33477 8226 88 1577 1577 43668 43668 16633 13324 3274 35 3464 3464 5967 4700 1255 12 37385 8581 28796 8 1226 982 241 3 75348 65079 10159 110 1677 1449 226 2 5426 1999 3422 5 PROFESSIONAL TRAINING & 23163 11581 11582 DUES & SUBSCRIPTIONS 13176 6588 6588 EMPLOYEE CULTURE 2887 2887 STATE FILING FEES 512 512 1253879 935424 316145 2310 269590 293796 32120 17929 8262 19354 309972 331079 17609 21595 17609 21595 X 267363 293859 25000 15625 292363 309484 309972 331079 17121 0 X 0 1 X 0 0 X 475000 905000 1135000 1228000 1271000 5014000 475000 905000 1135000 1228000 1271000 5014000 5014000 1400 1400 5015400 51128 0.99970 0.99970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DEPOSIT 19354 19354 X 1271000 0 1271000 0 1271000 1253879 0 1253879 0 1253879 PART X, LINE 2: THE ORGANIZATION IS SUBJECT TO THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD'S ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, AS IT RELATES TO ACCOUNTING AND REPORTING FOR UNCERTAINTIES IN INCOME TAXES. MANAGEMENT BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION OF AN ASSET OR LIABILITY OR DISCLOSURE IN THESE FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES AS GENERAL AND ADMINISTRATIVE EXPENSES IF INCURRED. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES CONFERENCES, RECEIVING GRANTEE VISITS 11077 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM SERVICES CONFERENCES, RECEIVING GRANTEE VISITS 2698 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 PROGRAM SERVICES CONFERENCES 27769 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES CONFERENCES, RECEIVING GRANTEE VISITS 4309 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 2 SALARY, PAYROLL TAXES, BENEFITS AND FEES N/A 268300 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 GRANTS TO RECIPIENTS IN REGION N/A 6000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 TEAM MEETINGS N/A 2277 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CONFERENCES 415 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES CONFERENCES 5695 NORTH AMERICA 0 0 TEAM MEETINGS N/A 11321 SOUTH AMERICA 0 0 TEAM MEETINGS N/A 2115 0 2 0 0 0 2 322845 19131 341976 0 0 0 0 0 0 PART I, LINE 2: TCI VERIFIES THAT FOREIGN ENTITIES TO WHOM THEY MAKE CONTRIBUTIONS ARE VALID REGISTERED CHARITIES IN THEIR RESPECTIVE COUNTRIES, AND THAT THE PROGRAMS TO WHICH THEY DONATE ARE PROPERLY OPERATING. SCHEDULE F PART II NO ONE RECIPIENT RECEIVED MORE THAN $5,000 IN GRANTS, AND THEREFORE, PART II IS LEFT BLANK. 1 NETWORK OF ENGAGED INTERNATIONAL DONORS GLOBAL INC PO BOX 24 WATERTOWN MA 02471 842081722 501(C)(3) 6300 0 N/A N/A GENERAL OPERATING SUPPORT AND COMMUNITY CONSERVATION IN THE GLOBAL SOUTH 1 0 PART I, LINE 2: TCI CONFIRMS TAX EXEMPT STATUS PRIOR TO MAKING CONTRIBUTIONS TO ORGANIZATIONS IN THE U.S. AND RELIES ON OVERSIGHT OF THE IRS IN DETERMINING THAT THE ORGANIZATION ARE PROPERLY OPERATING THE PROGRAM(S) TO WHICH THEY MAKE DONATIONS. X X X X X 0 0 0 0 0 0 0 0 0 CONNIEL MALEK EXECUTIVE DIRECTOR 304852 0 0 0 60 0 9654 0 29239 0 343805 0 0 0 PEGGY CHU DIRECTOR OF OPERATIONS 145647 0 0 0 48 0 5824 0 10558 0 162077 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 FORM 990 IS PROVIDED TO THE GOVERNING BODY OF THE ORGANIZATION FOR THEIR REVIEW PRIOR TO THE FORM 990 BEING FILED. 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 15 THE ORGANIZATION 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 THE ORGANIZATION 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 AND COST OF LIVING ADJUSTMENTS HAVE BEEN MADE SINCE. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.