Enveritas Inc
- Assets
- $18.0m
- Revenue
- $26.0m
- Investments
- $0.0
- Employees
- 21
- Location
- New York, NY
- Founding
- 12/2016
- Data as of
- 12/2022
- EIN
- 81-1681880
Organization Overview
Enveritas Inc is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Enveritas Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Enveritas Inc 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 12/2022, Enveritas Inc generated $26.0m in total revenue. All expenses for the organization totaled $9.3m during the year ending 12/2022. While expenses have increased by 53.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO END GLOBAL POVERTY IN THE COFFEE SECTOR BY 2030.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENVERITAS PROVIDES SUSTAINABILITY ASSURANCE FOR COFFEE AND COCOA FARMS THROUGH INTENSIVE FIELD SURVEYING OPERATIONS AND REAL TIME DATA ANALYTICS TO ENSURE DATA QUALITY. WE ALSO USE GEOSPATIAL ANALYSIS AND SATELLITE IMAGERY TO ENSURE ACCURACY AND EFFICIENCY. THIS ALLOWS FARMS TO PARTICIPATE IN A SUSTAINABLE MARKET REGARDLESS OF FARM SIZE, LOCATION, OR AFFILIATION.
ENVERITAS PROVIDES TECHNICAL ASSISTANCE TRAINING FOR COFFEE FARMERS ON GOOD AGRICULTURAL PRACTICES VIA PARTNERSHIPS WITH IMPLEMENTING PARTNERS IN COFFEE FARMING COUNTRIES. TRAININGS ARE FOCUSED ON TOPICS SUCH AS PRUNING, WEEDING, MULCHING, PEST AND DISEASE MANAGEMENT, WHICH LEAD TO INCREASED INCOME AND REDUCED POVERTY FOR SMALLHOLDER FARMING FAMILIES. BY THE END OF 2022, A TOTAL OF 33,130 FARMERS WERE TRAINED IN OUR PARTNER-LED PORTION OF THE UGANDA COFFEE AGRONOMY TRAINING PROGRAM, A 4-YEAR PROGRAM TARGETING 30,000 FARMERS IN UGANDA. UCAT COHORT III WAS SUCCESSFULLY COMPLETED IN JUNE 2022 FOLLOWING A SIX-MONTH EXTENSION DUE TO COVID-19 TRAVEL RESTRICTIONS. 11,315 HOUSEHOLDS ATTENDED HALF OF THE 13 TOPICS AND WERE CONSIDERED TRAINED, FALLING SLIGHTLY SHORT OF THE 12,000 HOUSEHOLD TARGET. 45% OF THE TRAINED HOUSEHOLDS WERE FEMALE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Browning President, Treasurer & CEO | OfficerTrustee | 40 | $394,184 |
William King Chairman | OfficerTrustee | 1 | $0 |
Matthew Deschamps Secretary | OfficerTrustee | 1 | $0 |
David Kennedy Director | Trustee | 1 | $0 |
Carl Cervone Coo, Thru Dec. 2022 | Officer | 40 | $206,623 |
Jeff Potter Cto | Officer | 40 | $262,332 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cortexml Pte Ltd Machine Learning Services | 12/30/22 | $378,379 |
Uganda Scouts Association Data Collectors | 12/30/22 | $221,881 |
Corporacion Colombia Internacional Cci Data Collectors | 12/30/22 | $217,745 |
Superior Group Eirl Data Collectors | 12/30/22 | $202,576 |
Sadev-afric Data Collectors | 12/30/22 | $199,999 |
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 | $26,040,588 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,040,588 |
| Total Program Service Revenue | $2,981 |
| Investment income | $0 |
| 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 | $26,043,569 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $330,000 |
| 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. | $935,447 |
| Compensation of current officers, directors, key employees. | $673,231 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,274,675 |
| Pension plan accruals and contributions | $62,576 |
| Other employee benefits | $144,522 |
| Payroll taxes | $180,887 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $20,047 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,520,329 |
| Advertising and promotion | $0 |
| Office expenses | $51,660 |
| Information technology | $337,237 |
| Royalties | $0 |
| Occupancy | $31,111 |
| Travel | $380,254 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,254 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $24,873 |
| All other expenses | $2,748 |
| Total functional expenses | $9,301,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,539,277 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,452,845 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $988,331 |
| Total assets | $17,980,453 |
| Accounts payable and accrued expenses | $62,734 |
| Grants payable | $0 |
| Deferred revenue | $45,075 |
| 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 | $107,809 |
| Net assets without donor restrictions | $17,872,644 |
| 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 | $17,980,453 |