Nonprofit · EIN 04-3304538
VERITE INC
Tax-exempt · NORTHAMPTON, MA 01060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $11,821,768 | $12,672,185 | -$850,417 | $5,031,174 | $2,103,396 | $2,927,778 |
| December 31, 2023 | 990 | $13,460,433 | $12,766,824 | $693,609 | $5,282,808 | $1,504,613 | $3,778,195 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $321,141
- Program service revenue
- $11,483,336
- Investment income
- $6,999
- Other revenue
- $10,292
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $193,362
- Other salaries and wages
- $4,095,202
- Salaries, compensation and benefits (total)
- $5,483,662
- Professional fundraising fees
- $0
- Legal fees
- $50,021
- Occupancy
- $81,047
- Travel
- $1,252,016
- Depreciation
- $17,203
- Program services (functional)
- $11,661,410
- Management and general (functional)
- $984,410
- Fundraising (functional)
- $26,365
Balance sheet and other
- Total assets, start of year
- $5,282,808
- Total assets, end of year
- $5,031,174
- Total liabilities, end of year
- $2,103,396
- Net assets, end of year
- $2,927,778
- Land, buildings and equipment
- $64,621
- Net assets without donor restrictions
- $2,213,853
- Net assets with donor restrictions
- $713,925
- Gross receipts
- $11,821,768
- Employees
- 62
- Volunteers
- 21
- Year formed
- 1996
- State of legal domicile
- MA
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHAWN MACDONALD | CHIEF EXECUTIVE OFFICER Key employee | 35 | $166,281 | $27,081 |
| ELIZABETH GARLAND | CHEIF PROGRAM OFFICER Highest-paid employee | 35 | $137,729 | $19,743 |
| GABRIELA DELGADILLA | CHEIF PROGRAM OFFICER Highest-paid employee | 35 | $137,729 | $17,816 |
| MICHAEL VAUDREUIL | SENIOR PROGRAM DIRECTOR Highest-paid employee | 35 | $135,041 | $19,638 |
| DECLAN CROUCHER | CHIEF COMMERCIAL OFFICER Highest-paid employee | 35 | $132,230 | $21,631 |
| MARGARET KEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MINAL PATEL DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SANDY TESCH WILKINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIREILLE GRANGENOIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN LIFSEC | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LIDDY MANSON | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ELIZABETH AKANBOMBIRE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATIE FORD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL VIEDERMAN | CLERK Trustee or director | 1 | $0 | $0 |
| DAVID LEVI | DIRECTOR Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURA LEEDY GANSLER | DIRECTOR Trustee or director | 1 | $0 |
| DOUG CAHN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHAWN MACDONALD | CHIEF EXECUTIVE OFFICER Key employee | 35 | $166,173 | $30,214 |
| ELIZABETH GARLAND | CHEIF PROGRAM OFFICER Highest-paid employee | 35 | $133,053 | $23,296 |
| DECLAN CROUCHER | CHIEF COMMERCIAL OFFICER Highest-paid employee | 35 | $127,731 | $23,692 |
| GABRIELA DELGADILLA | CHEIF PROGRAM OFFICER Highest-paid employee | 35 | $133,053 | $17,613 |
| MICHAEL VAUDREUIL | SENIOR PROGRAM DIRECTOR Highest-paid employee | 35 | $130,451 | $19,817 |
| DOUG CAHN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID LEVI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL VIEDERMAN | CLERK Trustee or director | 1 | $0 | $0 |
| KATIE FORD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LIDDY MANSON | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| LAURA LEEDY GANSLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN LIFSEC | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MIREILLE GRANGENOIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SANDY TESCH WILKINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MINAL PATEL DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARGARET KEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH AKANBOMBIRE | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 150 MAIN STREET, NORTHAMPTON, MA 01060-3598
- Principal officer (990 for 2024)
- SHAWN MACDONALD, 150 MAIN STREET 43, NORTHAMPTON, MA 01060
- Signed the 990
- SHAWN MACDONALD, CEO
- Phone
- (413) 253-9227
- Website
- WWW.VERITE.ORG
- Return prepared by
- WHITTLESEY PC
Mission
TO ENSURE THAT PEOPLE WORLDWIDE WORK UNDER SAFE, FAIR AND LEGAL WORKING CONDITIONS.
Program accomplishments
- VERITE UNDERTOOK 28 INDEPENDENT, HIGH-QUALITY, ORIGINAL RESEARCH PROJECTS FOR 18 FUNDERS IN 28 COUNTRIES IN 2024. THESE PROJECTS PROVIDED INSIGHTS ON KEY ISSUES AND CHALLENGES IN RESPONSIBLE SOURCING FOR PARTNERS ACROSS COMMODITY, PRODUCT, SECTOR, AND COUNTRY LEVELS WHILE ALSO BRINGING THE PERSPECTIVE OF WORKERS TO THE FOREFRONT. OUR UNIQUE, BOTTOM-UP APPROACH TO RESEARCH PROVIDES PARTNERS WITH AN OBJECTIVE VIEW INTO THE CONDITIONS OF WORK IN THEIR SUPPLY CHAINS WITH A FOCUS ON LISTENING TO AND PRIORITIZING THOSE WHO KNOW THOSE CONDITIONS BEST WORKERS.Expenses $7,818,626 · revenue $7,818,626
- VERITE CONDUCTED 173 COMPREHENSIVE AUDITS, INVESTIGATIONS, AND SCREENINGS, INCLUDING VIA OUR REMOTE FORCED LABOR SCREENING TOOL, CUMULUS, TO PROVIDE 22 COMPANIES WITH CRUCIAL INSIGHTS INTO WORKING CONDITIONS IN THEIR SUPPLY CHAINS ACROSS 24 COUNTRIES. FOCUSING ON SOME OF THE MOST DIFFICULT LABOR AND HUMAN RIGHTS ISSUES INCLUDING FORCED LABOR, HUMAN TRAFFICKING, AND CHILD LABOR THESE INTERVENTIONS CENTER THE VOICE OF WORKERS TO ALLOW US TO IDENTIFY THE ROOT CAUSE OF NONCOMPLIANCE, PRODUCING AN END PRODUCT THAT NOT ONLY IDENTIFIES ISSUES BUT ALSO PRODUCES ACTIONABLE RECOMMENDATIONS TO ADDRESS NONCOMPLIANCE SUSTAINABLY.Expenses $2,076,456 · revenue $1,923,330
- VERITE COMPLETED 86 CONSULTING ENGAGEMENTS, GUIDING 26 DIFFERENT PARTNERS IN 19 COUNTIES THROUGH PROCESSES WHICH STRENGTHENED THEIR COMMITMENT AND ADHERENCE TO PREVAILING HUMAN RIGHTS DUE DILIGENCE PRINCIPLES. OUR BROAD EXPERTISE ACROSS MULTIPLE INDUSTRIES ALLOWED US TO SUPPORT A VARIETY OF CLIENTS AS THEY INTEGRATED THESE PRINCIPLES INTO ASPECTS OF THEIR WORK SUCH AS STRATEGIC PLANNING, SOURCING DECISIONS, AND CASCADING ACCOUNTABILITY ACROSS THEIR VALUE CHAINS - ALWAYS WITH A FOCUS ON MITIGATING RISK FOR THE BUSINESS AND IDENTIFYING, REMEDIATING, AND PREVENTING RISK FOR WORKERS.Expenses $1,519,140 · revenue $1,517,891
- VERITE'S TRAINING CENTER DESIGNED AND DELIVERED 26 UNIQUE TRAINING COURSES FOR STAKEHOLDERS AT ALL LEVELS OF THE VALUE CHAIN IN 2024. THE ORGANIZATION ALSO WORKED TO AFFECT CHANGES AT THE GOVERNMENT AND POLICY LEVEL. LAST YEAR WE PROVIDED TECHNICAL ASSISTANCE TO GOVERNMENTS INTERESTED IN IMPROVING THEIR WORK IN RELATION TO ISSUES SUCH AS FORCED LABOR, CHILD LABOR, AND HUMAN TRAFFICKING, WHILE ALSO PARTICIPATING IN MULTIPLE POLICY FOCUSED INITIATIVES AND COALITIONS THAT PROMOTE HUMAN AND LABOR RIGHTS POLICY.Expenses $247,188 · revenue $223,489
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 | Not 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
- 04-3304538
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A05)
- Assets (IRS master file)
- $5,031,174
- Income (IRS master file)
- $11,821,768
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $11,821,768 | $12,672,185 | $5,031,174 | XML |
| 990 | December 2023 | $13,460,433 | $12,766,824 | $5,282,808 | XML |
| 990 | December 2022 | $9,956,684 | $10,648,457 | $5,458,819 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 04-3304538).
Questions about VERITE INC
- What is the EIN of VERITE INC?
- The employer identification number (EIN) of VERITE INC is 04-3304538.
- Is VERITE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to VERITE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VERITE 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 VERITE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VERITE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VERITE INC?
- The 990 for the year ended December 31, 2024 names SHAWN MACDONALD.
- Who are the officers and directors of VERITE INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 5 received compensation from the organization, the highest $166,281 (SHAWN MACDONALD, CHIEF EXECUTIVE OFFICER).
- How much revenue does VERITE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,821,768, expenses of $12,672,185 and total assets of $5,031,174 at year end.
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