Nonprofit · EIN 81-3796649
TRUE COSTS INITIATIVE INC
Tax-exempt · BROOKLINE, MA 02445
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,271,000 | $1,253,879 | $17,121 | $331,079 | $21,595 | $309,484 |
| December 31, 2024 | 990 | $1,228,000 | $1,129,314 | $98,686 | $309,972 | $17,609 | $292,363 |
| December 31, 2023 | 990 | $1,135,000 | $1,071,401 | $63,599 | $212,147 | $18,470 | $193,677 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,271,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $13,300
- Compensation of officers, directors and key employees
- $343,745
- Other salaries and wages
- $566,304
- Salaries, compensation and benefits (total)
- $1,008,470
- Professional fundraising fees
- $0
- Legal fees
- $1,577
- Accounting fees
- $43,668
- Occupancy
- $1,226
- Travel
- $75,348
- Program services (functional)
- $935,424
- Management and general (functional)
- $316,145
- Fundraising (functional)
- $2,310
Balance sheet and other
- Total assets, start of year
- $309,972
- Total assets, end of year
- $331,079
- Total liabilities, end of year
- $21,595
- Net assets, end of year
- $309,484
- Net assets without donor restrictions
- $293,859
- Net assets with donor restrictions
- $15,625
- Gross receipts
- $1,271,000
- Employees
- 6
- Volunteers
- 3
- Year formed
- 2016
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CONNIEL MALEK | EXECUTIVE DIRECTOR Trustee or director, Officer | 50 | $304,912 | $38,893 |
| PEGGY CHU | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $145,695 | $16,382 |
| NITTAYA SAENBUT | PROGRAM DIRECTOR Highest-paid employee | 40 | $128,633 | $4,443 |
| HASHIM BELLO | BOARD CHAIR/DIRECTOR Trustee or director, Officer | 0.5 | $0 | $0 |
| MIHIR MUNSHI | SECRETARY/DIRECTOR Trustee or director, Officer | 0.5 | $0 | $0 |
| SHUSHANNA MIGNOTT | TREASURER/DIRECTOR Trustee or director, Officer | 0.5 | $0 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CONNIEL MALEK | EXECUTIVE DIRECTOR Trustee or director, Officer | 50 | $286,097 | $39,221 |
| PEGGY CHU | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $135,866 | $15,658 |
| NITTAYA SAENBUT | PROGRAM DIRECTOR Highest-paid employee | 40 | $120,006 | $19,097 |
| HASHIM BELLO | BOARD CHAIR/DIRECTOR Trustee or director, Officer | 0.5 | $0 | $0 |
| MIHIR MUNSHI | SECRETARY/DIRECTOR Trustee or director, Officer | 0.5 | $0 | $0 |
| SHUSHANNA MIGNOTT | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CONNIEL MALEK | EXECUTIVE DIRECTOR Trustee or director, Officer | 50 | $295,666 | $14,334 |
| PEGGY CHU | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $117,253 | $14,517 |
| NITTAYA SAENBUT | PROGRAM OFFICER Highest-paid employee | 40 | $107,017 | $24,742 |
| HASHIM BELLO | DIRECTOR AND BOARD CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| MIHIR MUNSHI | DIRECTOR AND SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| SHUSHANNA MIGNOTT | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 202 WASHINGTON STREET 333, BROOKLINE, MA 02445-7622
- In care of
- % CONNIEL MALEK
- Principal officer (990 for 2025)
- CONNIEL MALEK, 202 WASHINGTON STREET 333, BROOKLINE, MA 02445
- Signed the 990
- CONNIEL MALEK, EXECUTIVE DIRECTOR
- Phone
- (857) 293-1660
- Website
- WWW.TRUECOSTSINITIATIVE.ORG
- Return prepared by
- EAG NEW ENGLAND LLC
Mission
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.
Program accomplishments
- 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.Expenses $935,424 · grants $13,300
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-3796649
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q05)
- Assets (IRS master file)
- $331,079
- Income (IRS master file)
- $1,271,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,271,000 | $1,253,879 | $331,079 | XML |
| 990 | December 2024 | $1,228,000 | $1,129,314 | $309,972 | IRS |
| 990 | December 2023 | $1,135,000 | $1,071,401 | $212,147 | XML |
| 990 | December 2022 | $936,012 | $864,880 | $134,689 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-3796649).
Questions about TRUE COSTS INITIATIVE INC
- What is the EIN of TRUE COSTS INITIATIVE INC?
- The employer identification number (EIN) of TRUE COSTS INITIATIVE INC is 81-3796649.
- Is TRUE COSTS INITIATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to TRUE COSTS INITIATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRUE COSTS INITIATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TRUE COSTS INITIATIVE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TRUE COSTS INITIATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of TRUE COSTS INITIATIVE INC?
- The 990 for the year ended December 31, 2025 names CONNIEL MALEK.
- Who are the officers and directors of TRUE COSTS INITIATIVE INC?
- The 990 for the year ended December 31, 2025 lists 6 people; 3 received compensation from the organization, the highest $304,912 (CONNIEL MALEK, EXECUTIVE DIRECTOR).
- How much revenue does TRUE COSTS INITIATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,271,000, expenses of $1,253,879 and total assets of $331,079 at year end.
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