B Lab Company
- Assets
- $14.4m
- Revenue
- $29.6m
- Investments
- $0.0
- Employees
- 132
- Location
- Philadelphia, PA
- Founding
- 04/2008
- Data as of
- 12/2023
- EIN
- 20-5958773
Organization Overview
B Lab Company is located in Philadelphia, PA. The organization was established in 2008. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, B Lab Company employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. B Lab Company 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, B Lab Company generated $29.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $29.7m during the year ending 12/2023. While expenses have increased by 15.4% per year over the past 9 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
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EDUCATE AND ENCOURAGE BUSINESS OWNERS ACROSS INDUSTRIES TO MEASURE AND IMPROVE THEIR SOCIAL AND ENVIRONMENTAL IMPACT USING THE B IMPACT ASSESSMENT ONLINE ASSESSMENT TOOL. THESE PROGRAMS INCLUDE: (1) CERTIFICATION OF B CORPORATIONS: B CORPS ARE COMPANIES THAT MEET RIGOROUS STANDARDS OF SOCIAL AND ENVIRONMENTAL PERFORMANCE, TRANSPARENCY, AND ACCOUNTABILITY AND ARE THE LEADERS OF THE GLOBAL MOVEMENT TO USE BUSINESS AS A FORCE FOR GOOD. (2) IMPACT MANAGEMENT: HELPING ALL COMPANIES MANAGE THEIR IMPACT ON THE PEOPLE, COMMUNITIES AND ECOSYSTEMS THEY TOUCH, VIA THE B IMPACT ASSESSMENT AND SDG ACTION MANAGER. (3) POLICY FRAMEWORKS: PROMOTING AND SUPPORTING ADOPTION OF A NEW CORPORATE FORM, THAT REMOVES IMPEDIMENTS TO CREATING SOCIAL BENEFIT ALONGSIDE VALUE. B LAB LEVERAGES THESE EMERGING SECTOR OF CONSUMERS, INVESTORS AND ENTREPRENEURS ON WAYS TO JOIN THE GLOBAL MOVEMENT TO IMPROVE SOCIAL AND ENVIRONMENTAL IMPACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barton Houlahan Co-Founder, Board Member | OfficerTrustee | 40 | $130,176 |
Andrew Kassoy Co-Founder Treas. To 09/23, Co-Chair From 11/23 | OfficerTrustee | 40 | $106,949 |
Lorene Arey Board Member - Til 12/23 | Trustee | 2 | $0 |
Wojtek Baginski Board Member | Trustee | 2 | $0 |
Esther Benjamin Board Member | Trustee | 2 | $0 |
Luis Duarte Treasurer - As Of 09/23 | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Genashtim Innov Learn Pte Ltd Program Services | 12/30/23 | $3,569,018 |
Green Living Enterprises Inc Event Management | 12/30/23 | $660,393 |
Toptal Strategic Advisory Services | 12/30/23 | $206,350 |
Sensiba San Filippo Llp Program Services | 12/30/23 | $202,610 |
Clay Brown Program Services | 12/30/23 | $197,914 |
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 | $6,129,874 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,129,874 |
| Total Program Service Revenue | $22,011,263 |
| Investment income | $9,299 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,388,944 |
| 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 | $29,552,630 |
| 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 | $161,976 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,453,641 |
| Compensation of current officers, directors, key employees. | $697,993 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,203,650 |
| Pension plan accruals and contributions | $198,350 |
| Other employee benefits | $1,205,377 |
| Payroll taxes | $819,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $165,454 |
| Fees for services: Accounting | $68,950 |
| Fees for services: Lobbying | $136,800 |
| Fees for services: Fundraising | $3,597 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,851,207 |
| Advertising and promotion | $563,979 |
| Office expenses | $39,500 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $607,627 |
| Travel | $522,527 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $772,255 |
| Interest | $227,140 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $228,113 |
| Insurance | $144,989 |
| All other expenses | $130,972 |
| Total functional expenses | $29,696,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,910,594 |
| Savings and temporary cash investments | $56,433 |
| Pledges and grants receivable | $1,433,782 |
| Accounts receivable, net | $2,693,233 |
| 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 | $478,149 |
| Net Land, buildings, and equipment | $84,004 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,873,136 |
| Other assets | $1,901,346 |
| Total assets | $14,430,677 |
| Accounts payable and accrued expenses | $3,491,718 |
| Grants payable | $0 |
| Deferred revenue | $702,481 |
| 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 | $4,562,433 |
| Other liabilities | $319,842 |
| Total liabilities | $9,076,474 |
| Net assets without donor restrictions | $2,431,966 |
| Net assets with donor restrictions | $2,922,237 |
| 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 | $14,430,677 |