Corporate Accountability Lab
- Assets
- $807.9k
- Revenue
- $695.6k
- Investments
- $0.0
- Employees
- 8
- Location
- Chicago, IL
- Founding
- 07/2017
- Data as of
- 12/2023
- EIN
- 81-5123686
Organization Overview
Corporate Accountability Lab is located in Chicago, IL. The organization was established in 2017. According to its NTEE Classification (Q70) the organization is classified as: International Human Rights, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Corporate Accountability Lab employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corporate Accountability Lab 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 12/2023, Corporate Accountability Lab generated $695.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.8% each year . All expenses for the organization totaled $599.7k during the year ending 12/2023. While expenses have increased by 42.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION UNLEASHES THE CREATIVE POTENTIAL OF THE LAW TO PROTECT PEOPLE AND THE PLANET FROM CORPORATE ABUSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMBATING FORCED LABOR: CONDUCTED FORCED LABOR INVESTIGATIONS IN MULTIPLE INDUSTRIES AND GEOGRAPHIES; FILED PETITIONS WITH RELEVANT REGULATORS; PROVIDED STRATEGIC GUIDANCE TO PARTNERS AND FEDERAL AGENCIES ON FORCED LABOR REMEDIATION.
LEGAL DESIGN LAB: PIONEERED INNOVATIVE LEGAL STRATEGIES TO ADDRESS CORPORATE ABUSE, INCLUDING RESEARCH, DEVELOPMENT, PROTOTYPING AND TESTING; HOSTED WEBINARS AND OTHER EDUCATIONAL EVENTS TO PROMOTE HUMAN RIGHTS LEGAL STRATEGY DEVELOPMENT; FILED PETITIONS AND CASES IN SUPPORT OF WORKERS IN GLOBAL SUPPLY CHAINS; LITIGATED CONSUMER PROTECTION CASES.
STRATEGIC POLICY ADVOCACY: ENGAGED WITH PARTNERS IN THE GLOBAL NORTH AND SOUTH, GOVERNMENT AND THE PUBLIC ON ISSUES RELATED TO HUMAN RIGHTS AND ENVIRONMENTAL ABUSE IN GLOBAL SUPPLY CHAINS; PUBLISHED REPORTS ON PRISON LABOR, THE FUTURE OF THE WEST AFRICAN COCOA SECTOR, AND LABOR ISSUES IN MEXICAN AGRICULTURE; PUBLISHED ARTICLES AND BLOGS ON CORPORATE ACCOUNTABILITY ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charity Ryerson Executive Dir. | OfficerTrustee | 40 | $74,000 |
Edward Vogel President | OfficerTrustee | 7 | $0 |
Kornebari Nwike Treasurer | OfficerTrustee | 2 | $0 |
Jillian Tuck Secretary | OfficerTrustee | 2 | $0 |
Zamira Djabarova Director | Trustee | 2 | $0 |
Jenna Mcelroy Director | Trustee | 2 | $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 | $679,041 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $679,041 |
| Total Program Service Revenue | $8,000 |
| Investment income | $8,526 |
| 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 | $695,567 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $74,000 |
| Compensation of current officers, directors, key employees. | $11,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $313,396 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,400 |
| Payroll taxes | $41,045 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,305 |
| Advertising and promotion | $0 |
| Office expenses | $3,176 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,505 |
| Travel | $30,903 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,015 |
| Insurance | $3,080 |
| All other expenses | $881 |
| Total functional expenses | $599,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $762,958 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,000 |
| 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 | $4,121 |
| Net Land, buildings, and equipment | $186 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $600 |
| Total assets | $807,865 |
| Accounts payable and accrued expenses | $2,561 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,561 |
| Net assets without donor restrictions | $419,834 |
| Net assets with donor restrictions | $385,470 |
| 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 | $807,865 |