Bunker Labs Nfp Inc
- Assets
- $3.4m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 19
- Location
- Chicago, IL
- Founding
- 05/2015
- Data as of
- 12/2023
- EIN
- 47-1474802
Organization Overview
Bunker Labs Nfp Inc is located in Chicago, IL. The organization was established in 2015. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Bunker Labs Nfp Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bunker Labs Nfp 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 12/2023, Bunker Labs Nfp Inc generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $3.8m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BUNKER LABS PROVIDES COMMUNITIES, PROGRAMS, AND COURSES THAT HELP MILITARY VETERANS AND MILITARY SPOUSES START AND GROW SUCCESSFUL BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMBASSADOR PROGRAM-THE AMBASSADOR PROGRAM IS A 12-MONTH COHORT EXPERIENCE FOR VOLUNTEER LEADERS WHO SUPPORT BUNKER LABS PROGRAMS AND IMPACT WITHIN THEIR LOCAL ENTREPRENEURIAL ECOSYSTEMS. THE PROGRAM IS DESIGNED TO EMPOWER VOLUNTEERS TO GROW AS COMMUNITY LEADERS WHILE MEANINGFULLY IMPACTING THE LIVES OF VETERAN AND MILITARY SPOUSE ENTREPRENEURS. AMBASSADORS WORK DIRECTLY TO SUPPORT THEIR LOCAL VETERANS IN RESIDENCE, ENGAGE OTHER ECOSYSTEM PARTNERS, AND GUIDE MEMBERS OF THEIR LOCAL COMMUNITY TO THE NECESSARY RESOURCES TO LAUNCH AND GROW SUCCESSFUL VENTURES. THROUGHOUT THEIR COHORT EXPERIENCE, AMBASSADORS ATTEND IN-PERSON PROFESSIONAL DEVELOPMENT SESSIONS TO GAIN AND SHARE SKILLS AND KNOWLEDGE THAT SUPPORT THEIR LEADERSHIP DEVELOPMENT AND CONNECT THEIR LOCAL BUSINESS ECOSYSTEM FOR THE BENEFIT OF BUNKER LABS ENTREPRENEURS. THE COHORT OF 90 AMBASSADORS THAT LAUNCHED IN 2021 CAME TOGETHER FOR THEIR NEXT FLY-IN CONVENING ON FEBRUARY 23-25 IN CHICAGO. AS PART OF THE BUNKER LABS SUMMIT IN AUSTIN ON JUNE 8-10, THE ORGANIZATION RECOGNIZED THE OUTGOING AMBASSADORS FROM THE 2021-2022 COHORT WHILE ALSO WELCOMING THE INCOMING 2022-2023 AMBASSADORS COHORT, WHICH INCLUDES 90 VOLUNTEERS SERVING 36 COMMUNITIES ACROSS THE U.S. LATER IN THE YEAR, THIS COHORT MET FOR THEIR SECOND FLY-IN, WHICH THE BUNKER HOSTED IN CONJUNCTION WITH THE MILITARY INFLUENCER CONFERENCE (MIC) IN LAS VEGAS FROM OCTOBER 26-28. BETWEEN FLY-INS, AMBASSADORS USE THE TRAINING AND RESOURCES FROM THESE SESSIONS TO PROVIDE ONGOING SUPPORT TO THEIR LOCAL VIR COHORTS, BUILD RELATIONSHIPS WITH RELEVANT PARTNER ORGANIZATIONS, REPRESENT BUNKER LABS AT PARTNER EVENTS, AND HOST ROUNDTABLES AND NETWORKING EVENTS TO GROW THE LOCAL BUNKER LABS COMMUNITY. DURING 2022, AMBASSADORS HOSTED 31 BUNKER CONNECT NETWORKING EVENTS, 59 VIR SHOWCASE EVENTS, AND COUNTLESS OTHER INFORMAL GATHERINGS FOR BUNKER LABS ENTREPRENEURS. NB: 2022 AMBASSADOR PROGRAM REVENUE LISTED ABOVE INCLUDES $1,140,674 RESTRICTED FOR 2024 & 2025.
OTHER PROGRAMS
CEOCIRCLE- CEOCIRCLE IS A MONTHLY PEER ACCOUNTABILITY GROUP FOR GROWTH-STAGE COMPANIES LOOKING TO SCALE. OVER THE COURSE OF NINE VIRTUAL HUDDLES AND FOUR IN PERSON FLY-IN EVENTS, CEOS AND EXECUTIVES CAN ASK CRITICAL QUESTIONS IMPACTING THEIR BUSINESSES TODAY. TOGETHER, PARTICIPANTS LEARN FROM PEERS AND NATIONAL EXPERTS ALIKE HOW TO TAKE THEIR COMPANIES TO THE NEXT LEVEL. ADDITIONALLY, CEOCIRCLE MEMBERS ALSO GAIN ACCESS TO DEDICATED LIAISONS AND A 10-WEEK ADVISOR PROGRAM POWERED BY JPMORGAN CHASE.IN NOVEMBER 2021, BUNKER LABS LAUNCHED THE 2021-2022 COHORT WITH 41 ENTREPRENEURS PARTICIPATING. DURING 2022, THIS COHORT GATHERED FOR THEIR SECOND FLY-IN CONVENING IN DALLAS, TX ON MARCH 13-14, AND FOR THEIR THIRD FLY-IN ON JUNE 7-8 AS PART OF THE BUNKER LABS SUMMIT IN AUSTIN, TX. IN SUMMER 2022, BUNKER LABS OPENED APPLICATIONS FOR THE 2022-2023 COHORT OF CEOCIRCLE. 2022 ENTREPRENEURS APPLIED FOR THE COHORT (AN 82% INCREASE FROM THE PRIOR YEAR), AND THE BUNKER SELECTED 80 TO PARTICIPATE INCREASING THE COHORT SIZE TO MEET THIS GROWING DEMAND. THE 2022-2023 COHORT OF CEOCIRCLE ALSO REFLECTS THE DIVERSITY OF ENTREPRENEURS IN THE BUNKER LABS COMMUNITY 47% OF PARTICIPANTS ARE WOMEN AND/OR POC FOUNDERS AND 63% IDENTIFY AS SERVICE-DISABLED VETERANS. BUNKER LABS HOSTED THE LAST CEOCIRCLE FLY-IN EVENT OF 2022 ON NOVEMBER 6-8 IN NEW YORK CITY. THE 2021-2022 COHORT ATTENDED THIS EVENT AS THE CAPSTONE TO THEIR 12-MONTH EXPERIENCE, WITH THE INCOMING COHORT KICKING OFF THEIR YEAR AT THIS EVENT ALLOW BOTH COHORTS THE OPPORTUNITY TO NETWORK WITH EACH OTHER AND BUILD RELEVANT CONNECTS OTHER CEOS. THIS FLY-IN FEATURED A WORKSHOP ON CRAFTING AND AMPLIFYING STORIES WITH THE ARMED SERVICES ARTS PARTNERSHIP (ASAP), A FIRESIDE CHAT WITH ALEX GORSKY (EXECTIVE CHAIRMAN, JOHNSON & JOHNSON), AND SESSIONS FOR THE INCOMING COHORT TO GET ACQUAINTED WITH THE PROGRAM FORMAT AND MEET IN THEIR GROUPS FOR HUDDLES, CRITICAL QUESTIONS, AND DEEP DIVES FOLLOWED BY INDUSTRY BREAKOUT SESSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blake Hogan Chief Exec Ofc | Officer | 55 | $221,900 |
Becca Keaty Chief Development Officer | 55 | $217,188 | |
Reginold Ordonez Chief Oper Ofc | Officer | 55 | $171,692 |
Jenny Hans Dir Corp Giving | 45 | $129,400 | |
Devin Sizer Dir Np Strategies | 45 | $125,900 | |
Xavier Clarke Dir Ambass Prgm | 45 | $112,900 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Todd Connor Consulting Consulting | 6/29/21 | $116,250 |
Accelerated Growth Advisors Accounting; Data Strategy | 6/29/21 | $209,625 |
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 | $3,091,192 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,091,192 |
| Total Program Service Revenue | $67,000 |
| Investment income | $273 |
| 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 | $3,163,264 |
| 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. | $1,091,879 |
| Compensation of current officers, directors, key employees. | $143,825 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $829,679 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $219,791 |
| Payroll taxes | $147,320 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $825,028 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,120 |
| Travel | $240,970 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,909 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,290 |
| All other expenses | $16,471 |
| Total functional expenses | $3,758,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,071,829 |
| Savings and temporary cash investments | $60,596 |
| Pledges and grants receivable | $2,254,403 |
| Accounts receivable, net | $0 |
| 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 | $59,652 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,446,480 |
| Accounts payable and accrued expenses | $118,180 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $118,180 |
| Net assets without donor restrictions | $42,424 |
| Net assets with donor restrictions | $3,285,876 |
| 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 | $3,446,480 |