Lean Enterprise Institute Inc
- Assets
- $3.8m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 22
- Location
- Boston, MA
- Founding
- 02/1998
- Data as of
- 12/2022
- EIN
- 04-3382623
Organization Overview
Lean Enterprise Institute Inc is located in Boston, MA. The organization was established in 1998. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Lean Enterprise Institute Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lean Enterprise Institute 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, Lean Enterprise Institute Inc generated $7.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $7.9m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 8 years. 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 PROVIDE RESEARCH AND EDUCATION TO CREATE GREATER EFFICIENCY AND PRODUCTIVITY IN MANUFACTURING, SERVICES AND HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEAN WORKSHOPS - THE INSTITUTE'S WORKSHOPS DELIVER PRACTICAL AND COMPREHENSIVE CONTENT ABOUT THE KEY ELEMENTS OF LEAN KNOWLEDGE AND HOW TO IMPLEMENT THEM.
LEAN EVENTS - EVENTS HIGHLIGHTING ORGANIZATIONS THAT HAVE SUSTAINED THE LEAN JOURNEY WHICH IS DESIGNED TO INTEGRATE VALUE STREAMS TO CREATE PULL FOR THE INSTITUTE'S OFFERINGS.SPEAKINGS AND ASSESSMENTS - INSTITUTE PERSONNEL SPEAK AND TEACH AT CONFERENCES AND EVENTS ON THE TOP OF LEAN THINKING.LEAN RESEARCH - A MANAGEMENT RESEARCH PROJECT TO BETTER UNDERSTAND WHY SOME ORGANIZATIONS ARE ABLE TO SUSTAIN LEAN TRANSFORMATIONS AND OTHERS ENCOUNTER PROBLEMS AND CHALLENGES THAT STALL OR END THE IMPLEMENTATION OF LEAN THINKING AND PRACTICES. THE PROJECT WILL FOCUS ON THE ROLE OF MANAGERS AND MANAGEMENT SYSTEMS IN BOTH SUCCESSFULL AND UNSUCCESSFUL TRANSFORMATIONS. NEW EDUCATIONAL PROGRAMS AND LEARNING MATERIALS WILL BE DEVELOPED FROM THIS RESEARCH.
LEAN PUBLICATIONS - SALES OF LEI WORKBOOKS, REFERENCE BOOKS THAT EXPLAIN THE ROOTS OF LEAN AND RELATED PRODUCTS THAT SUPPORT THE IMPLEMENTATION OF LEAN.
CO-LEARNING PARTNERS - INSTITUTE PERSONNEL WORK WITH ORGANIZATIONS DESIRING TO SUPPORT THE INSTITUTE'S NON-PROFIT, EDUCATION AND RESEARCH MISSION BY PARTICIPATING IN LEADERSHIP DEVELOPMENT AND CO-LEARNING ACTIVITIES AS PART OF THE ORGANIZATION'S LEARNING AND IMPROVEMENT STRATEGY. TYPICALLY THE CO-LEARNING PARTNERSHIP CONSIST OF ACTIVITIES IN FIVE CORE AREAS: 1) EXECUTIVE LEADERSHIP ENGAGEMENT; 2) TRAINING AND CAPABILITY DEVELOPMENT; 3) CO-LEARNING PROJECTS OR EXPERIMENTS; 4) INTERACTION WITH LEI PARTNERS AND THE LEI COMMUNITY; AND 5) DOCUMENTATION AND RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D Lynn Kelley PHD Director (until Nov 2022) | Trustee | 1 | $0 |
Cesar Gon Director | Trustee | 1 | $0 |
Jose Ferro Director | Trustee | 1 | $0 |
Lisa Yerian Director | Trustee | 1 | $0 |
Kiame Mahoniah Director | Trustee | 1 | $0 |
Adrienne Trimble Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reece & Crowley Llc Service Physics Consulting Services | 12/30/22 | $318,978 |
Lean Shift Consulting Inc Consulting Services | 12/30/22 | $269,449 |
Liker Lean Advisors Llc Consulting Services | 12/30/22 | $236,944 |
Dlw Partners Llc Consulting Services | 12/30/22 | $144,000 |
Lean In Llc Consulting Services | 12/30/22 | $134,850 |
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 | $2,896 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,896 |
| Total Program Service Revenue | $7,046,506 |
| Investment income | $3,071 |
| 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 | $7,052,473 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,278,567 |
| Compensation of current officers, directors, key employees. | $370,289 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,076,693 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $303,996 |
| Payroll taxes | $189,914 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,015 |
| Fees for services: Accounting | $47,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,536 |
| Advertising and promotion | $55,764 |
| Office expenses | $216,360 |
| Information technology | $126,425 |
| Royalties | $0 |
| Occupancy | $303,130 |
| Travel | $44,379 |
| 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 | $36,486 |
| Insurance | $0 |
| All other expenses | $17,227 |
| Total functional expenses | $7,867,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $392,225 |
| Savings and temporary cash investments | $1,618,892 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $830,700 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $453,392 |
| Prepaid expenses and deferred charges | $314,233 |
| Net Land, buildings, and equipment | $11,455 |
| Investments—publicly traded securities | $90,083 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $40,474 |
| Other assets | $0 |
| Total assets | $3,751,454 |
| Accounts payable and accrued expenses | $511,241 |
| Grants payable | $0 |
| Deferred revenue | $772,548 |
| 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 | $500,000 |
| Other liabilities | $34,864 |
| Total liabilities | $1,818,653 |
| Net assets without donor restrictions | $1,932,801 |
| 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 | $3,751,454 |