Transparentem Ltd
- Assets
- $2.2m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 21
- Location
- New York, NY
- Founding
- 05/2016
- Data as of
- 12/2021
- EIN
- 47-5175472
Organization Overview
Transparentem Ltd is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Transparentem Ltd employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Transparentem Ltd is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Transparentem Ltd generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 49.3% each year . All expenses for the organization totaled $3.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH IN-DEPTH INVESTIGATIONS AND STRATEGIC ENGAGEMENT, TRANSPARENTEM SPURS COMPANIES TO IMPROVE CORPORATE POLICY AND PRACTICE, AND REMEDIATE HUMAN RIGHTS, LABOR, AND ENVIRONMENTAL ABUSES IN THEIR SUPPLY CHAINS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSPARENTEM USES ITS INVESTIGATIVE MODEL TO REVEAL HUMAN RIGHTS AND ENVIRONMENTAL ABUSES AROUND THE WORLD. OUR WORK HAS LED TO CONCRETE IMPROVEMENTS BY PROMPTING REMEDIATION OF ENDEMIC ISSUES IN SUPPLY CHAINS, INCLUDING ENVIRONMENTAL DEGRADATION, FORCED LABOR, CHILD LABOR, AND OTHER FORMS OF EXPLOITATION. THROUGH OUR INNOVATIVE APPROACH TO COMPANY ENGAGEMENT, OUR WORK HAS RESULTED IN THE REIMBURSEMENT OF MILLIONS IN RECRUITMENT-RELATED FEES, THE RETURN OF WITHHELD PASSPORTS, EXPANDED ACCESS TO GRIEVANCE CHANNELS, AND IMPROVED LIVING AND WORKING CONDITIONS. TRANSPARENTEM DRIVES SYSTEMS CHANGE THROUGH ENGAGING WITH REGULATORY AUTHORITIES; CATALYZING PRECEDENT-SETTING, CORPORATE COMMITMENTS; AND DRIVING COMPANIES TO IMPROVE POLICY AND PRACTICE THROUGHOUT GLOBAL SUPPLY CHAINS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy R Sandler VP Of Investigations | Officer | 40 | $227,169 |
E Benjamin Skinner President | Officer | 40 | $191,196 |
Brandie Sasser Vp Of Strategic Engagement Until 10/2021 | 40 | $123,012 | |
Rachel G Jackson Vp Of Operations And Secretary | Officer | 40 | $122,755 |
Aram Schvey Deputy VP Of Investigation | 40 | $121,933 | |
Andrew Korfhage Interim VP Of Strategic Engagement | 40 | $119,508 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,128,867 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,128,867 |
| Total Program Service Revenue | $0 |
| Investment income | $152 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $840 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,135,029 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $585,015 |
| Compensation of current officers, directors, key employees. | $44,644 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,387,289 |
| Pension plan accruals and contributions | $50,298 |
| Other employee benefits | $94,927 |
| Payroll taxes | $151,583 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $114,000 |
| Fees for services: Accounting | $35,104 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $544,471 |
| Advertising and promotion | $0 |
| Office expenses | $33,525 |
| Information technology | $2,136 |
| Royalties | $0 |
| Occupancy | $24,009 |
| Travel | $52,409 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,141 |
| Insurance | $52,883 |
| All other expenses | $0 |
| Total functional expenses | $3,235,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $538,574 |
| Savings and temporary cash investments | $384,995 |
| Pledges and grants receivable | $1,250,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $55,690 |
| Net Land, buildings, and equipment | $3,727 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,405 |
| Total assets | $2,234,391 |
| Accounts payable and accrued expenses | $178,149 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $365,071 |
| Other liabilities | $0 |
| Total liabilities | $543,220 |
| Net assets without donor restrictions | $1,628,845 |
| Net assets with donor restrictions | $62,326 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,234,391 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Transparentem Ltd has recieved totaling $335,000.
| Awarding Organization | Amount |
|---|---|
Freedom Fund Brooklyn, NY PURPOSE: GENERAL SUPPORT | $250,000 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $50,000 |
Cordes Foundation Bethesda, MD PURPOSE: GENERAL SUPPORT | $25,000 |
Freedom For All Inc Shelter Island, NY PURPOSE: SECURING TRANSPARENCY IN COMPANIES SUPPLY CHAIN | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Springboard Collaborative Philadelphia, PA | $12,671,655 | $22,795,961 |
Christs Home Warminster, PA | $89,380,042 | $18,912,760 |
Family And Childrens Association Garden City, NY | $18,906,082 | $21,671,282 |
Innocence Project Inc New York, NY | $73,728,840 | $39,853,614 |
The Access Agency Inc Willimantic, CT | $5,450,809 | $18,469,051 |
Agency For Community Empowerment Of Nepa Scranton, PA | $6,588,255 | $19,491,125 |
Ahavat Yisroel Humanity Inc Brooklyn, NY | $8,284,254 | $21,769,721 |
Family & Childrens Agency Inc Norwalk, CT | $7,156,227 | $18,049,898 |
Catholic Family & Community Services Clifton, NJ | $3,341,340 | $18,611,591 |
Dr Gertrude A Barber In Home Services Inc Erie, PA | $4,360,447 | $17,320,654 |
Ao North America Inc Wayne, PA | $10,460,064 | $15,724,733 |
Pro Action Of Steuben And Yates Inc Bath, NY | $5,623,306 | $16,689,499 |