2024-06-20T12:50:11-04:00 2023-12-31 371658257 Abbott and Company LLC 1 Militia Drive Lexington MA 02421 990 2023-01-01 201930681 Fair Factories Clearinghouse Inc CO Abbott and Com FAIR 1 Militia Dr Suite 202 Lexington MA 024214703 Peter Burrows ED and Vice Cha 8883326461 2024-05-08 true Peter Burrows true Mellinda Abbott P00368549 7818632272 2024-06-20 2 00 AAL1 IAL1 2023 2023-04-26 12:10:37Z 3035776 false X WWW.FAIRFACTORIES.ORG X 2004 NY Our mission is to facilitate informed ethical business decisions for a better and more livable world. We build scalable software that facilitates continuous improvements in social, enviromental and security issues. This results in safer, more humane working conditions for workers 8 7 14 0 0 292288 687131 2323166 962281 1386364 0 2615454 3035776 0 0 1542086 1076336 0 0 1200733 862475 2742819 1938811 -127365 1096965 879029 916377 1059617 0 -180588 916377 Our mission is to facilitate informed ethical business decisions for a better and more livable world. We build scalable software that facilitates continuous improvements in social, enviromental and security issues. This results in safer, more humane working conditions for workers false false 666385 190921 Provide software and services to individual member companies serious about supply chain compliance: Beenfits of the software include cost effective and configurable solutions tha can easily fit FFC to members existing processes. 561855 535533 Provide unique software and services to other non-profit organizations to help them better perform their missions: Benefit of this software is to amplify FFCs voice in new ways and in other industries. 10 clones of FFC technology have been implemented in the last 10 years. 78399 235827 Founding SLCP Acrredited host to help drive a single verified supplier self-assessment in the footwear and apparel industries: FFC invented a way to map a verified SLCP against a company supplier code of conduct automatically created a CAP. 1306639 true false false false false false false false false false true false false false false false true false false true false false false false false false false false false true false false false false false false false false false false false false false false false false false true 2 0 true 14 true false false false false false false false false false false false false X 8 7 false false false false false false false true false false false true true true true true true true true false MA NY X Peter Burrows 8883326461 1 Militia Dr Suite 202 Lexington MA 024214703 Sheetal Patel CTO 40.00 0.00 X X 170865 0 0 Peter Burrows ED and Vice Chair of Board 40.00 0.00 X X X 127813 0 0 Lynn Stevenson Customer Impact and Engagemen 40.00 0.00 X X 122538 0 0 Mark Mcdonough CFO and Data Protection 40.00 0.00 X 104992 0 0 Brendan McMahon SR Product QA Manager 40.00 0.00 X 81922 0 0 Timmy Langhill Account Manager 40.00 0.00 X 65055 0 0 Jon Gold Board Member 5.00 0.00 X 0 0 0 Marc-Ivar Magnus Board Member 5.00 0.00 X 0 0 0 John Avallon Board Member 5.00 0.00 X 0 0 0 Katy Lunardelli Board Member 5.00 0.00 X 0 0 0 Dave Hogan Board Chair 5.00 0.00 X X 0 0 0 Selcuk Buyukozer Board Secretary 5.00 0.00 X X 0 0 0 Mike Greene Board Treasurer 5.00 0.00 X X 0 0 0 673185 0 0 4 false true false 687131 687131 Project Income 541511 203282 203282 Factory Payments 541511 235827 235827 Custom Development 541511 523172 523172 962281 5864 5864 1380500 1380500 1380500 1380500 3035776 2348645 0 0 275579 80044 195535 671012 593879 77133 47710 34741 12969 82035 59737 22298 166309 166309 38763 38763 5749 5749 1451 1451 29568 29568 10878 10878 1638 1638 31181 31181 Hosting and Development 398912 398912 Amortization of Software 51326 51326 SAC Service Charges 86362 86362 40338 40338 1938811 1306639 632172 0 242065 214199 222077 450864 217124 214082 16588 37232 10320 10320 4416 176759 879029 916377 596683 411997 50937 1059617 0 X -180588 916377 -180588 916377 879029 916377 1096965 0 X false true X true false X 667753 656963 377255 292288 206139 2200398 667753 656963 377255 292288 206139 2200398 2200398 309 133 319 5864 6625 2207023 0.99700 0.99960 X 10320 10320 Intangible Assets Net of Amortizat 2840902 2840902 194874 194874 3035776 2556138 617328 617328 1938810 1938810 Other revenues included on Form 990 (Part XI, line 4b) The company financial statements are prepared on the modified cash basis of accounting. Other expenses not included on Form 990 (Part XII, line 2d) The company financial statements are prepared on the modified cash basis of accounting. false false false false false false false false false Sheetal Patel CTO 170865 170865 Committee meeting documentation Part VI line 8b There are no committees that currently act on behalf of the board. Form 990 governing body review Part VI line 11 Form 990 is submitted to the organizations accounting firm for a detailed review. The return is discussed with the Board of Directors and Executive Director. Once the Organization approves of the 990, a final version is printed and submitted to the organization for their signature. Conflict of interest policy compliance Part VI line 12c A conflict of interest disclosure statement in the the form shall be furnished annually be each director and covered employee disclosing any anticipated or possible conflict situations. Covered employees shall be senior employees, other employees who have a decision making role in hiring or contracting or any other employee whom the executive director determines should be a covered employee. Each new director or employee shall be advised of the policy and furnished a disclosure statement upon undertaking the duties of such position. This is monitored by the Executive Director. When any conflict of interest is involved in a matter requiring action by the Board of Directors, the interested director shall not vote on such matter. However, the interested person may, if they elect to in their sole discretion, briefly state her/his position on any matter and answer pertinent questions of other board or committee members since her/his knowledge may be of assistance with respect to the boards deliberations on such matter. In each such case, the interested person shall recuse him/herself when the vote on the matter is called. If a person recuses him/herself he/she shall leave the room during the discussion and during the vote on the issue if requested to do so by a majority vote of the board or applicable committee. When there is doubt as to whether or not a conflict exists, the matter shall be resolved by a vote of the board, excluding the potentially interested person.When any conflict of interest may be involved in a matter involving an employee, such employee shall notify the Executive Director of FFC, which shall constitute notice to the board, and if the conflicted person is the Executive Director, he/she shall notify the Board Chair. CEO executive director top management comp Part VI line 15a The Executive Directors compensation is based upon competitive salary rates for the responsibility and duties performed. The compensation package is subject to board approval. Other officer or key employee compensation Part VI line 15b For all employees besides the Executive Director, an overall rate increase is targeted. The Management Team provides input regarding each employees performance in the past year and proposed rate increase. The proposed rate could be greator or less than the target. The rate increase is reviewed with the employee and then applied in the first paycheck of the new calendar year. The last review was conducted in December 2022.All Board of Directors volunteer their time and receive no compensation for services donated. Governing documents etc available to public Part VI line 19 The conflict of interest policy and financial statements will be made available to the public upon request.