Responsible Sourcing Network
- Assets
- $340.8k
- Revenue
- $495.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Berkeley, CA
- Founding
- 06/2010
- Data as of
- 06/2023
- EIN
- 27-0727686
Organization Overview
Responsible Sourcing Network is located in Berkeley, CA. The organization was established in 2010. According to its NTEE Classification (R20) the organization is classified as: Civil Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 06/2023, Responsible Sourcing Network employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Responsible Sourcing Network 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 06/2023, Responsible Sourcing Network generated $495.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 25.8% each year . All expenses for the organization totaled $336.1k during the year ending 06/2023. While expenses have increased by 20.8% per year over the past 3 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
THE PURPOSE OF RESPONSIBLE SOURCING NETWORK (RSN) IS TO FOSTER GLOBAL SUPPLY CHAINS THAT ARE ACCOUNTABLE TOWARD THE PEOPLE AND NATURAL HABITATS THEY IMPACT DOWN TO THE RAW COMMODITY LEVEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COTTON PROGRAM: IN FY2022, RSN'S COTTON PROGRAM ACTIVITIES CONTINUED TO FOCUS ON RAISING AWARENESS OF AND TAKING STEPS TOWARD ELIMINATING FORCED LABOR INVOLVED IN COTTON PRODUCTION GLOBALLY. THE KEY ACCOMPLISHMENT WITH RSN'S DUE DILIGENCE INITIATIVE, YESS: YARN ETHICALLY & SUSTAINABLY SOURCED, WAS RELEASING OUR CORNERSTONE YESS STANDARD FOR FABRIC MILLS (V.1) AND YESS STANDARD FOR SPINNING MILLS (V.2). USING THE NEWLY RELEASED STANDARDS, RSN CONDUCTED THE INAUGURAL THIRD-PARTY YESS ASSESSMENTS WITH TWO SPINNING MILLS IN PAKISTAN, FOLLOWED BY THE FIRST TWO YESS ASSESSMENTS OF A KNITTING MILL AND A SPINNING MILL IN INDIA. ALTHOUGH THIRD-PARTY AUDITORS CONDUCTED THE ASSESSMENTS, RSN SHADOWED THE AUDITORS AND PROVIDED GUIDANCE TO THEM SINCE THEY ARE STILL LEARNING HOW TO CONDUCT DUE DILIGENCE ASSESSMENTS. WHILE IN PAKISTAN AND INDIA, RSN CONDUCTED FOUR CAPACITY BUILDING WORKSHOPS TO EDUCATE AUDIENCES ON DUE DILIGENCE, TRACEABILITY, AND YESS ASSESSMENTS.
MINERALS PROGRAM: IN FY 2022, RSN CONDUCTED EXTENSIVE RESEARCH ON CONFLICT MINERALS IN COLLABORATION WITH EUROPEAN STAKEHOLDERS TO CONTRIBUTE TO A STUDY REVIEWING THE FUNCTIONING AND EFFECTIVENESS OF THE EU CONFLICT MINERALS REGULATION (EU 2017/821), WHICH FOCUSES ON TIN, TANTALUM, TUNGSTEN, AND GOLD ORIGINATING FROM CONFLICT-AFFECTED AND HIGH-RISK AREAS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Jurewicz CEO | Officer | 40 | $120,000 |
Bonnie Nixon President | OfficerTrustee | 1 | $0 |
Desta Raines Secretary | OfficerTrustee | 0.25 | $0 |
Chris Zerlaut Treasurer | OfficerTrustee | 1 | $0 |
Bennett Freeman Vice President | OfficerTrustee | 0.25 | $0 |
Andrew Behar Director | Trustee | 0.25 | $0 |
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 | $276,218 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $276,218 |
| Total Program Service Revenue | $218,868 |
| Investment income | $18 |
| 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 | $495,104 |
| 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 | $17,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $124,685 |
| Compensation of current officers, directors, key employees. | $19,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,167 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $526 |
| Payroll taxes | $11,707 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,065 |
| Fees for services: Accounting | $19,190 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $112,048 |
| Advertising and promotion | $373 |
| Office expenses | $3,780 |
| Information technology | $9,850 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $7,699 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,906 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,659 |
| Insurance | $1,488 |
| All other expenses | $0 |
| Total functional expenses | $336,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,155 |
| Savings and temporary cash investments | $126,024 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $102,145 |
| 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 | $4,194 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,270 |
| Other assets | $0 |
| Total assets | $340,788 |
| Accounts payable and accrued expenses | $54,131 |
| Grants payable | $0 |
| Deferred revenue | $27,125 |
| 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 | $0 |
| Total liabilities | $81,256 |
| Net assets without donor restrictions | $0 |
| 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 | $259,532 |
| Total liabilities and net assets/fund balances | $340,788 |