B Lab Company
- Assets
- $11.5m
- Revenue
- $19.0m
- Investments
- $0.0
- Employees
- 127
- Location
- Berwyn, PA
- Founding
- 04/2008
- Data as of
- 12/2021
- EIN
- 20-5958773
Organization Overview
B Lab Company is located in Berwyn, 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 12/2021, B Lab Company employed 127 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 12/2021, B Lab Company generated $19.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $18.0m during the year ending 12/2021. While expenses have increased by 11.9% 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Kassoy Co-Ceo B Lab Global | Officer | 40 | $212,433 |
Barton Houlahan Co-Ceo B Lab Global, Board Member | OfficerTrustee | 40 | $208,082 |
Benjamin Anderson Co-Ceo B Lab U.s. & Canada | Officer | 40 | $205,273 |
Jay Coen Gilbert Co-Founder | 40 | $193,669 | |
John Vitelli Head Of Technology | 40 | $166,833 | |
Kim Coupounas Senior Director Of Global Impact | 40 | $154,302 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Korn Ferry Executive Recruiting | 12/30/21 | $164,300 |
Provoc Inc Marketing & Communications | 12/30/21 | $152,949 |
Sense Lab Strategic Advisory Services | 12/30/21 | $123,135 |
Finsbury Glover Hering Strategic Advisory Services | 12/30/21 | $261,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,935,126 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,517,225 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,452,351 |
| Total Program Service Revenue | $8,479,679 |
| Investment income | $13,436 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,052,382 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,760 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,993,326 |
| 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. | $1,142,689 |
| Compensation of current officers, directors, key employees. | $733,892 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,539,442 |
| Pension plan accruals and contributions | $147,560 |
| Other employee benefits | $950,574 |
| Payroll taxes | $761,233 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $169,553 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $261,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,799,731 |
| Advertising and promotion | $187,525 |
| Office expenses | $49,064 |
| Information technology | $0 |
| Royalties | $824 |
| Occupancy | $422,305 |
| Travel | $11,309 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,759 |
| Interest | $59,577 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,435 |
| Insurance | $86,207 |
| All other expenses | $117,257 |
| Total functional expenses | $17,963,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,391,817 |
| Savings and temporary cash investments | $3,979,859 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,621,164 |
| 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 | $224,159 |
| Net Land, buildings, and equipment | $231,036 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,161,311 |
| Other assets | $921,481 |
| Total assets | $11,530,827 |
| Accounts payable and accrued expenses | $779,783 |
| Grants payable | $0 |
| Deferred revenue | $131,906 |
| 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 | $5,313,472 |
| Other liabilities | $0 |
| Total liabilities | $6,225,161 |
| Net assets without donor restrictions | $3,298,569 |
| Net assets with donor restrictions | $2,007,097 |
| 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 | $11,530,827 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that B Lab Company has recieved totaling $2,764,927.
| Awarding Organization | Amount |
|---|---|
Ford Foundation New York, NY PURPOSE: GENERAL SUPPORT AND FOR CORE SUPPORT FOR INSTITUTIONAL STRENGTHENING | $1,000,000 |
New Venture Fund Washington, DC PURPOSE: CAPACITY BUILDING | $392,500 |
Just Capital Foundation Inc New York, NY PURPOSE: IMPERATIVE 21 | $272,206 |
Omidyar Network Fund Inc Redwood City, CA PURPOSE: GENERAL OPERATING SUPPORT | $225,000 |
Omidyar Network Fund Inc Redwood City, CA PURPOSE: GENERAL OPERATING SUPPORT | $225,000 |
Kendeda Fund Wilmington, DE PURPOSE: EXTERNAL AFFAIRS AND PUBLIC RELATIONS | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of Graduates Of The United States Military Academy West Point, NY | $680,065,484 | $129,264,808 |
Risk Management Association Philadelphia, PA | $46,962,073 | $22,605,623 |
B Lab Company Berwyn, PA | $11,530,827 | $18,993,326 |
Society Of Cable Telecommunications Engineers Inc Exton, PA | $14,059,235 | $12,351,666 |
United States Naval Institute Annapolis, MD | $27,665,507 | $24,447,598 |
Government Employees Benefit Association Inc Hanover, MD | $24,504,834 | $8,425,068 |
County Commissioners Association Of Ohio Columbus, OH | $7,535,269 | $6,334,760 |
Pennsylvania Bankers Association Harrisburg, PA | $5,090,487 | $5,734,321 |
New York Bankers Association Inc New York, NY | $29,674,110 | $5,797,174 |
Pennsylvania Credit Union Association Harrisburg, PA | $17,137,050 | $4,756,465 |
Ctam Cable Marketing Association Inc Oxon Hill, MD | $8,042,835 | $4,934,195 |
New York Credit Union Association Inc Albany, NY | $26,477,770 | $2,081,668 |