True Costs Initiative Inc

Overview

The True Costs Initiative Inc is a U.S. nonprofit organization established to promote corporate accountability and strengthen legal systems in the Global South. It operates under the Employer Identification Number (EIN) 813796649.

Mission and Objectives

The organization's core mission is to highlight and address the true costs of corporate business practices, which often lead to environmental degradation, displacement of people, and negative health and social impacts on local communities. True Costs Initiative seeks to amplify the voices of vulnerable populations by driving collaboration among communities, funders, and creative leaders. This collaboration aims to hold corporations accountable for their actions and ensure that they internalize the environmental and human costs associated with their business operations.

Financial Information

As of the fiscal year ending December 2023, the organization reported $1.14 million in revenue, with $1.07 million in expenses. Contributions made up the majority of its revenue, accounting for about 96.7% in 2022. The organization's total assets were valued at $212,000 in 2023, with liabilities of approximately $18,500[1].

Team and Leadership

• Conniel Malek serves as the founding Executive Director. She focuses on promoting collaboration to advance corporate accountability and climate justice. Malek holds leadership positions in several organizations dedicated to environmental law and human rights[3].
• Nittaya Saenbut is the Program Director, overseeing the grants portfolio and strategic priorities. She brings experience in community engagement and racial equity[3].
• Peggy Chu acts as the Director of Operations, supporting the organization's administrative infrastructure[3].
• Loretta Taylor is a Program Officer involved in managing the grant portfolio and implementing programmatic efforts[3].

Impact and Activities

True Costs Initiative works on two core fronts: Corporate Accountability and Strengthening Legal Systems. It emphasizes transparency, access to remedies for harms, and consequences for bad corporate practices. The organization also prioritizes engaging multiple stakeholders to achieve effective corporate accountability[4].

Donations to True Costs Initiative Inc are tax-deductible[1].