Civic Intelligence

Infact DBA Corporate Accountability

990 • Fiscal year 2024 • EIN 41-1322686

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 15, 2024

10 Milk Street Suite 610Boston, MA 02108

(617) 695-2525

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

68th percentile

0.29x

Higher debt load relative to assets than 68% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

58th percentile

0.23x

Higher debt load relative to revenue than 58% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

11th percentile

-24%

Higher net margin than 11% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

59th percentile

$152,160

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

3rd percentile

-30%

Faster asset growth than 3% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-10%

Faster revenue growth than 20% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$5,665,953

Down $2,483,793 (-30%) from 2023

Net Assets

Down

$3,997,797

Down $1,712,138 (-30%) from 2023

Liabilities

Down

$1,668,156

Down $771,655 (-32%) from 2023

Revenue

Down

$7,188,421

Down $837,629 (-10%) from 2023

Expenses

Up

$8,915,015

Up $56,190 (+0.6%) from 2023

Net Income

Down

-$1,726,594

Down $893,819 (-107%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2010: $2,049,482Liabilities 2010: $74,747Net Assets 2010: $1,974,7352010Assets 2011: $1,582,970Liabilities 2011: $614,087Net Assets 2011: $968,8832011Assets 2012: $2,138,460Liabilities 2012: $496,963Net Assets 2012: $1,641,4972012Assets 2013: $2,298,499Liabilities 2013: $78,346Net Assets 2013: $2,220,1532013Assets 2014: $2,051,401Liabilities 2014: $111,379Net Assets 2014: $1,940,0222014Assets 2015: $2,804,202Liabilities 2015: $132,989Net Assets 2015: $2,671,2132015Assets 2016: $2,892,778Liabilities 2016: $412,282Net Assets 2016: $2,480,4962016Assets 2017: $2,935,933Liabilities 2017: $460,784Net Assets 2017: $2,475,1492017Assets 2018: $2,971,129Liabilities 2018: $434,398Net Assets 2018: $2,536,7312018Assets 2019: $3,355,747Liabilities 2019: $464,520Net Assets 2019: $2,891,2272019Assets 2020: $4,996,810Liabilities 2020: $1,894,829Net Assets 2020: $3,101,9812020Assets 2021: $6,798,642Liabilities 2021: $1,862,394Net Assets 2021: $4,936,2482021Assets 2022: $7,919,454Liabilities 2022: $1,380,349Net Assets 2022: $6,539,1052022Assets 2023: $8,149,746Liabilities 2023: $2,439,811Net Assets 2023: $5,709,9352023Assets 2024: $5,665,953Liabilities 2024: $1,668,156Net Assets 2024: $3,997,7972024Assets 2025: $4,910,352Liabilities 2025: $856,464Net Assets 2025: $4,053,8882025

Highlighted filing

2024

Assets$5,665,953
Liabilities$1,668,156
Net Assets$3,997,797

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $3,867,6632010Expenses 2011: $3,899,1892011Expenses 2012: $4,273,4442012Revenue 2013: $5,699,080Expenses 2013: $5,120,424Net Income 2013: $578,6562013Revenue 2014: $4,708,492Expenses 2014: $4,988,623Net Income 2014: -$280,1312014Revenue 2015: $5,675,711Expenses 2015: $4,944,520Net Income 2015: $731,1912015Revenue 2016: $5,735,742Expenses 2016: $5,926,459Net Income 2016: -$190,7172016Revenue 2017: $6,311,974Expenses 2017: $6,317,321Net Income 2017: -$5,3472017Revenue 2018: $6,447,195Expenses 2018: $6,385,613Net Income 2018: $61,5822018Revenue 2019: $7,026,468Expenses 2019: $6,671,972Net Income 2019: $354,4962019Revenue 2020: $7,258,505Expenses 2020: $7,047,751Net Income 2020: $210,7542020Revenue 2021: $9,144,013Expenses 2021: $7,309,746Net Income 2021: $1,834,2672021Revenue 2022: $9,885,924Expenses 2022: $8,283,067Net Income 2022: $1,602,8572022Revenue 2023: $8,026,050Expenses 2023: $8,858,825Net Income 2023: -$832,7752023Revenue 2024: $7,188,421Expenses 2024: $8,915,015Net Income 2024: -$1,726,5942024Revenue 2025: $7,994,238Expenses 2025: $7,975,643Net Income 2025: $18,5952025

Highlighted filing

2024

Revenue$7,188,421
Expenses$8,915,015
Net Income-$1,726,594
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$7,188,421
Mission and Program Overview

Mission

Educating people about the dangers of life-threatening misconduct by transnational corporations in support of democratic institutions and a just society.

The organization and its members work together to build a sustainable world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,539,766$2,872,573▼ $2,667,193
Savings and Temporary Cash Investments$542,089$1,492,432▲ $950,343
Investments in Publicly Traded Securities$620,992$314,046▼ $306,946
Prepaid Expenses and Deferred Charges$0$84,965▲ $84,965
Land, Buildings, and Equipment, Net$14,328$10,055▼ $4,273
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$8,149,746$5,665,953▼ $2,483,793
Other Assets Total$1,432,571$891,882▼ $540,689
Liabilities
Other Liabilities$1,577,967$992,265▼ $585,702
Accounts Payable and Accrued Expenses$425,549$392,158▼ $33,391
Mortgage Notes Payable Secured by Investment Property$436,295$283,733▼ $152,562
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,439,811$1,668,156▼ $771,655
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,172,022$3,472,754▼ $1,699,268
Net Assets With Donor Restrictions$537,913$525,043▼ $12,870
Total Net Assets Fund Balance$5,709,935$3,997,797▼ $1,712,138
Total Liabilities and Net Assets / Fund Balance$8,149,746$5,665,953▼ $2,483,793

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,122$143,973$148,095
Leasehold Improvements$5,933$30,395$36,328
Other Land Buildings$0$0$0
Other Assets Org$891,882--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer KellettManaging DirectorFT$120,991$31,044$152,035
Marcia WhiteheadManaging DirectorFT$118,536$32,668$151,204
Patricia LynnExecutive Director/asst. SecreFT$126,426$20,900$147,326
Michel LegendreMember-$60,000-$60,000

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Mal Warwick AssociatesOutreach/education2550 NINTH STREET, Berkeley, CA 94710$639,350
Revenue and Support

Revenue Composition

Contributions and Grants
$7,142,632
Program Service Revenue
$0
Investment Income
$45,789
Other Revenue
$0
All Other Contributions
$7,142,632
Change in Net Assets
$-1,726,594

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded24$717,062Fair Market Value
Total Noncash Contributions24$717,062-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,182,201
Revenue Not Reported on Financial Statements
$6,220
Revenue Not Reported on Form 990
$14,456
Total Revenue per Audited Statements
$7,196,657
Total Revenue per Form 990
$7,188,421
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,624,903
Other Expenses$2,243,920
Grants and Similar Amounts Paid$1,024,077
Total Fundraising Expense$441,241
Professional Fundraising Fees$22,115

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,385,105$261,252$250,241$4,896,598
Foreign Grants$811,869--$811,869
Occupancy$649,330$22,060$29,413$700,803
Fees for Services Other$441,606$11,517$78,116$531,239
Current Officers, Directors, Trustees, and Key Employees$316,322$18,846$18,051$353,219
Payroll Taxes$264,138$16,579$15,744$296,461
Grants to Domestic Orgs$212,208--$212,208
Travel$106,437$769$12,040$119,246
Conferences and Meetings$94,348$696$9,115$104,159
Office Expenses$14,423$74,993$292$89,708
Pension Plan Contributions$70,411$4,196$4,018$78,625
Fees for Services Legal$24,704--$24,704
Fees for Services Professional Fundraising--$22,115$22,115
Information Technology$19,427$567$756$20,750
Insurance$18,406--$18,406
Fees for Services Accounting$16,446--$16,446
Other Expenses$10,678$126$1,065$10,678
Advertising$10,592$6$8$10,606
Fees for Service Investment Mgmnt Fees-$6,220-$6,220
Depreciation Depletion-$4,273-$4,273
Fees for Services Lobbying$296--$296
Total Functional Expenses$8,051,474$422,300$441,241$8,915,015

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,915,015
Expenses per Audited Statements$8,908,795
Total Expenses per Audited Statements$8,908,795
Expenses Not Reported on Financial Statements$6,220
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Climate ShiftPortland, OR501(c)(3)To support climate change campaign.$140,000
Flint RisingThe Advocacy FundLos Angeles, CA501(c)(3)To Support Water Campaign.$33,550
Institute for the Black World 21stEast Elmhurst, NY501(c)(3)To Support Race Equity Campaign$10,500
Social and Environmental EntrepreneursCalabasaS, CA501(c)(3)To Support Race Equity Campaign.$6,000

International Summary

Employees
8
Spending
$1,500,767

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AmericaProgram ServicesPublic Education--$460,673
East Asia and the PacificGrantmakingPublic Education-4$390,085
Sub-Saharan AfricaGrantmakingPublic Education--$299,534
Europe (Including Iceland and Greenland)Program ServicesPublic Education--$187,219
Sub-Saharan AfricaProgram ServicesPublic Education--$92,341
South AmericaGrantmakingPublic Education--$30,000
Central America and the CaribbeanGrantmakingPublic Education-3$25,000
Europe (Including Iceland and Greenland)GrantmakingPublic Education-1$7,000
North AmericaGrantmakingPublic Education--$4,000
Russia and the Newly Independent StatesGrantmakingPublic Education--$4,000
North AmericaProgram ServicesPublic Education--$915
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$22,115
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$296
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
lease liability$992,265
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11B:

The 990 is reviewed by the managing director and the executive director.

FORM 990, PART VI, SECTION B, LINE 12C:

Conflict of interest forms are completed annually by each board member and are reviewed by management.

FORM 990, PART VI, SECTION B, LINE 15:

Compensation process for top official: the executive director is evaluated on an annual basis by the organization's board of directors. Compensation process for key employees: compensation is based on a salary scale which is based on responsibilities, experience, and performance on a regular, ongoing, and annual basis. The scale was approved by the board of directors.

FORM 990, PART VI, SECTION C, LINE 19:

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Infact Dba Corporate Accountability
EIN
41-1322686
In Care Of
% PATRICIA LYNN
Phone
6176952525
Address
10 MILK STREET SUITE 610, BOSTON, MA 02108

Signing Officer

Name
Patricia Lynn
Title
Executive Director
Phone
6176952525
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patricia Lynn
Formed
1978
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
9
Employees
51
Volunteers
10

Preparer

Firm
Withumsmithbrownpc
Address
4600 EAST WEST HWY 900, BETHESDA, MD 20814-3423
Preparer
Richard Ruvelson
Phone
3012726000
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

U.S. GAAP requires an entity to assess the probability that a tax position has a "more likely than not" sustainability after review by tax authorities. If a tax position is deemed not to meet this threshold, any unrecognized tax benefits and costs are estimated and recognized. Tax returns are routinely open for review by the tax authorities for three years from their due date. In certain circumstances, the statute of limitations may remain open indefinitely. As of June 30, 2024 and 2023, there were no uncertain tax positions, reviews/audits of information, or interest/penalties.

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IRS990/ReportOtherAssetsInd0true
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt09035405
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt07740962

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.91$0.86$4.05$7.99$7.98$0.02
2024Detailed filing. Detailed filing data is available for this year.$5.67$1.67$4.00$7.19$8.92$1.73
2023Detailed filing. Detailed filing data is available for this year.$8.15$2.44$5.71$8.03$8.86$0.83
2022Detailed filing. Detailed filing data is available for this year.$7.92$1.38$6.54$9.89$8.28$1.60
2021Detailed filing. Detailed filing data is available for this year.$6.80$1.86$4.94$9.14$7.31$1.83
2020Detailed filing. Detailed filing data is available for this year.$5.00$1.89$3.10$7.26$7.05$0.21
2019Detailed filing. Detailed filing data is available for this year.$3.36$0.46$2.89$7.03$6.67$0.35
2018Detailed filing. Detailed filing data is available for this year.$2.97$0.43$2.54$6.45$6.39$0.06
2017Detailed filing. Detailed filing data is available for this year.$2.94$0.46$2.48$6.31$6.32$0.01
2016Detailed filing. Detailed filing data is available for this year.$2.89$0.41$2.48$5.74$5.93$0.19
2015Detailed filing. Detailed filing data is available for this year.$2.80$0.13$2.67$5.68$4.94$0.73
2014Detailed filing. Detailed filing data is available for this year.$2.05$0.11$1.94$4.71$4.99$0.28
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.30$0.08$2.22$5.70$5.12$0.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.14$0.50$1.64$4.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$0.61$0.97$3.90
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.05$0.07$1.97$3.87