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Verite Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043304538 ✦ Amherst, MA ✦ Designated as a 501(c)(3)

Overview

What is Verite Inc?

Verite Inc, based in Amherst, Massachusetts, is a nonprofit organization dedicated to ensuring safe, fair, and legal working conditions for people worldwide. They accomplish this mission through 21 original research projects funded by 13 organizations across various countries. Verite's unique approach involves leveraging grassroots access to provide an unbiased, bottom-up perspective on labor conditions at the commodity, product, sector, and country levels. With a team of 54 employees, this organization plays a significant role in promoting responsible supply chain sourcing by addressing key issues and challenges in this field.


Official website here: www.verite.org

Is Verite Inc legitimate?

Verite Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Verite Inc 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.

Here are some key statistics you may want to consider:

Executive Compensation: $177,171
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,102,074

For more financial information, click here


Official website here: www.verite.org

What is the mission statement of Verite Inc?

Verite Inc's mission is centered around ensuring that people worldwide work under safe, fair, and legally acceptable working conditions. The organization carries out this mission by conducting independent, high-quality research projects for various funders in various countries. These projects provide original insights into key issues and challenges associated with responsible supply chain sourcing. Leveraging its grassroots access, Verite offers a unique, bottom-up, objective view of labor conditions at various levels, including commodities, products, sectors, and countries.


Official website here: www.verite.org

Who is the CEO of Verite Inc?

Shawn Macdonald is the Director of Verite Inc. The CEO's salary of Verite Inc is $150,208 and their total compensation is $177,172.


Official website here: www.verite.org

What is the revenue of Verite Inc?

Verite Inc's revenue in 2022 was $9,956,684.


Official website here: www.verite.org

Who are the executives of Verite Inc and what are their salaries?

The average compensation at Verite Inc during 2022 was $60,727. There are 54 employees and 30 volunteers at Verite Inc.

Here are 14 key members and their salaries (Verite Inc's CEO's salary is $150,208 and their total compensation is $177,172):

    Shawn Macdonald (Chief Executive Officer)
  • Compensation: $150,208
  • Related: $0
  • Other: $26,964

    • Elizabeth Garland (Cheif Program Officer)
  • Compensation: $125,000
  • Related: $0
  • Other: $20,455

    • Declan Croucher (Director Of Advisory Servi)
  • Compensation: $120,000
  • Related: $0
  • Other: $22,448

    • Michael Vaudreuil (Senior Program Director)
  • Compensation: $122,510
  • Related: $0
  • Other: $17,890

    • Gabriela Delgadilla (Cheif Program Officer)
  • Compensation: $125,000
  • Related: $0
  • Other: $11,038

    • Doug Cahn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Levi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel Viederman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Katie Ford (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Liddy Manson (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laura Leedy Gansler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Lifsec (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mireille Grangenois (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tu Rinsche (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.verite.org

    Where can I find the form 990 for Verite Inc?

    The Verite Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.verite.org

    Learn more at the official website: www.verite.org

    Mission Statement of Verite Inc

    Verite Inc, a renowned organization, is committed to ensuring that individuals worldwide work under safe, fair, and legal working conditions. By undertaking numerous original research projects, Verite Inc aims to shed light on key issues and challenges in responsible supply chain sourcing. Leveraging their grassroots access, they provide an objective, bottom-up view of labor conditions at various levels, including commodities, products, sectors, and countries. This approach enables Verite Inc to contribute significantly to promoting safe, fair, and legal working conditions globally.

    Impact

    This information is meant to be a general summary of Verite Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Verite Inc's impact lies in ensuring that people worldwide work under safe, fair, and legal working conditions. Through their independent and high-quality research projects, Verite provides original insights on key issues and challenges in responsible supply chain sourcing. By leveraging their grassroots access, they offer a unique, bottom-up, and objective view of labor conditions at various levels such as commodity, product, sector, and country. Their work contributes to promoting ethical labor practices and improving the lives of workers globally.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,363
  • Program Service Revenue: $9,630,645
  • Gross Receipts: $9,956,684

    • Assets and Liabilities:
  • Total Assets: $5,458,819
  • Total Liabilities: $2,374,234
  • Net Assets: $3,084,585
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SERVICE FEES

    Revenue

    $9,630,645

    Organization Details

    Founding Year

    1996

    Principal Officer

    Shawn Macdonald

    Main Address

    44 BELCHERTOWN ROAD, AMHERST, MA, 01002

    NTEE Category

    Code: A05 - Arts

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