Responsible Business Alliance Inc
- Assets
- $24.6m
- Revenue
- $29.1m
- Investments
- $0.0
- Employees
- 39
- Location
- Alexandria, VA
- Founding
- 02/2010
- Data as of
- 12/2023
- EIN
- 26-1417796
Organization Overview
Responsible Business Alliance Inc is located in Alexandria, VA. The organization was established in 2010. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Responsible Business Alliance Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Responsible Business Alliance Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Responsible Business Alliance Inc generated $29.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $28.5m during the year ending 12/2023. While expenses have increased by 15.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH THE APPLICATION OF SHARED STANDARDS AND TOOLS, RBA BELIEVES THEY CAN CREATE BETTER SOCIAL, ECONOMIC, AND ENVIRONMENTAL OUTCOMES FOR ALL INVOLVED IN THE ELECTRONICS SUPPLY CHAIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES RBA MEMBERSHIP IS OPEN TO COMPANIES THAT MANUFACTURE OR CONTRACT THE MANUFACTURE OF ELECTRONIC GOODS OR A PRODUCT IN WHICH ELECTRONICS ARE ESSENTIAL TO THE PRIMARY FUNCTIONALITY OF THE PRODUCT, OR SUPPLY MATERIALS USED IN THE ELECTRONICS OF THOSE GOODS.
RISK ASSESSMENT SERVICES - PROVIDE A SERIES OF PLATFORMS AND ANALYSIS SERVICES THAT ALLOW MEMBER COMPANIES TO ASSESS RISK LEVELS OF MANUFACTURING SITES IN THE AREAS OF LABOR RIGHTS, HEALTH AND SAFETY STANDARDS, ENVIRONMENTAL SUSTAINABILITY, AND BUSINESS ETHICS. THE ASSESSMENT TOOLS RANGE FROM USING (1) HIGH-LEVEL MACRO ELEMENTS TO DETERMINE INHERENT RISKS, (2) SELF-ASSESSMENT PROCESSES TO IDENTIFY A SPECIFIC RISK PROFILE AND MITIGATION CONTROLS, AND (3) THIRD-PARTY ASSESSMENTS TO PROVIDE AN INDEPENDENT EXPERT ANALYSIS OF THE CONDITIONS AT THE SITE.
ASSESSMENT PROGRAM RBA HAS DEVELOPED AN ASSESSMENT PROGRAM FOR MEMBER COMPANIES AND THEIR SUPPLIERS. ALL VALIDATED ASSESSMENTS ARE INDEPENDENTLY MANAGED BY A THIRD-PARTY ASSESSMENT PROGRAM MANAGER AND IN SOME CASES A FOURTH PARTY PERFORMS A QUALITY CONTROL CHECK TO ENSURE REPORT CONSISTENCY AND QUALITY. IN CONJUNCTION WITH THE ASSESSMENT PROGRAM, RBA HAS DEVELOPED A LEARNING MANAGEMENT SYSTEM FOR EXTENSIVE LEARNING CAPABILITY TRAINING FOR MEMBER COMPANIES AND THEIR SUPPLY CHAIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Lederer CEO | Officer | 40 | $782,362 |
Hamlin Metzger Vp, Impact | 40 | $302,187 | |
Deborah Albers COO | 40 | $293,639 | |
James Cardillo CFO | Officer | 40 | $263,919 |
Jennifer Vanhooreweghe VP Respon Sourcing | 40 | $248,750 | |
Kenneth Anderson VP Mmbr Experience | 40 | $214,128 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Intertek Audit | 12/30/23 | $2,879,027 |
Vectra Audit | 12/30/23 | $932,436 |
Tuv Rheinland Audit | 12/30/23 | $1,316,987 |
G360 Link Inc Software Development | 12/30/23 | $1,247,257 |
Ul Responsible Sourcing Inc Audit | 12/30/23 | $1,664,250 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $28,811,396 |
| Investment income | $302,181 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,113,577 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $601,505 |
| 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. | $1,132,814 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,869,196 |
| Pension plan accruals and contributions | $122,415 |
| Other employee benefits | $554,364 |
| Payroll taxes | $381,955 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $227,911 |
| Fees for services: Accounting | $142,915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $356,704 |
| Information technology | $1,663,302 |
| Royalties | $0 |
| Occupancy | $605,377 |
| Travel | $560,959 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $951,619 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $838,098 |
| Insurance | $72,710 |
| All other expenses | $228,647 |
| Total functional expenses | $28,462,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,641,878 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,956,585 |
| 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 | $321,347 |
| Net Land, buildings, and equipment | $2,823,244 |
| Investments—publicly traded securities | $9,607,587 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,245,263 |
| Total assets | $24,595,904 |
| Accounts payable and accrued expenses | $3,868,295 |
| Grants payable | $0 |
| Deferred revenue | $4,219,981 |
| 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 | $0 |
| Other liabilities | $5,540,906 |
| Total liabilities | $13,629,182 |
| Net assets without donor restrictions | $10,966,722 |
| Net assets with donor restrictions | $0 |
| 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 | $24,595,904 |