True Costs Initiative Inc
True Costs Initiative (TCI) seeks to increase corporate accountability and to strengthen legal systems in the global south by driving collaboration among communities, funders, and creative leaders in an effort to tip the balance so corporations are held accountable for and internalize the true environmental and human costs of their actions.
True Costs Initiative Inc at a glance
In short: True Costs Initiative Inc gave $6K across 1 grant in 2025 (avg $6K), mostly in Massachusetts. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $6,300
- +412.2% vs 2024
- Grants made (2025)
- 1
- Average grant
- $6,300
- Median grant
- $6,300
- Total assets
- $331,079
- +6.8% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who True Costs Initiative Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Network of Engaged International Donors Global Inc ($6K).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $448 (2020) to $9K (2023). In 2025 it made 1 grant totaling $6K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Network of Engaged International Donors Global Inc Watertown, MA | General operating support and community conservation in the global south | $6,300 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2025 | $331,079 | $1,271,000 | $1,253,879 | $6,300 | 1 |
| 2024 | $309,972 | $1,228,000 | $1,129,314 | $1,230 | Total only |
| 2023 | $212,147 | $1,135,000 | $1,071,401 | $8,650 | Total only |
| 2022 | $134,689 | $936,012 | $864,880 | $2,815 | Total only |
| 2021 | $58,877 | $496,516 | $629,245 | $1,000 | Total only |
| 2020 | $188,208 | $468,787 | $371,409 | $448 | Total only |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About True Costs Initiative Inc
Based on IRS filings
True Costs Initiative Inc is a public charity focused on International, Foreign Affairs & National Security, based in Brookline, MA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $331K in total assets. In 2025, it awarded 1 grant totaling $6K.
Leadership & Key People
Officers and directors from IRS filings
True Costs Initiative Inc is led by Conniel Malek, Executive Director on every filing since 2020; 3 of 6 officers listed in 2025 are compensated.
Officers on the 2025 filing
Conniel Malek
Executive Director
On filings since 2020
50 hrs/week
$168K (2020) → $305K (2025)
Hashim Bello
Board Chair & Director
On filings since 2020
0.5 hrs/week
No compensation reported
Nittaya Saenbut
Program Director
Program Officer → Program Director, 2024
On filings since 2023
40 hrs/week
$107K (2023) → $129K (2025)
Peggy Chu
Director of Operations
On filings since 2023
40 hrs/week
$117K (2023) → $146K (2025)
Mihir Munshi
Secretary & Director
On filings since 2020
0.5 hrs/week
No compensation reported
Shushanna Mignott
Treasurer & Director
Board Member → Director, 2024
Director → Treasurer & Director, 2025
On filings since 2021
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $305K, to Conniel Malek (Executive Director). 3 officers or directors reported compensation on that filing.
Frequently asked questions about True Costs Initiative Inc
How much does True Costs Initiative Inc give each year?
True Costs Initiative Inc gave $6K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it reported $1K in grants paid.
How large is True Costs Initiative Inc?
True Costs Initiative Inc reported $331K in total assets on its 2025 IRS Form 990. Its revenue that year was $1.3M.
What is True Costs Initiative Inc?
True Costs Initiative Inc is a public charity focused on International, Foreign Affairs & National Security, based in Brookline, MA. It holds $331K in total assets as of 2025.
Where does True Costs Initiative Inc operate?
True Costs Initiative Inc has awarded grants in Massachusetts.
What is True Costs Initiative Inc's EIN?
True Costs Initiative Inc's EIN (Employer Identification Number) is 81-3796649. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 14, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 1, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS June 11, 2026)
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