Bunker Labs Nfp Inc
- Assets
- $3.9m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 43
- Location
- Chicago, IL
- Founding
- 05/2015
- Data as of
- 12/2021
- 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 12/2021, Bunker Labs Nfp Inc employed 43 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 12/2021, Bunker Labs Nfp Inc generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 27.5% 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
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
OTHER PROGRAMS
AMBASSADOR PROGRAM- DURING THE SECOND HALF OF 2021, BUNKER LABS RELAUNCHED (AND RENAMED) OUR PROGRAM FOR THE VOLUNTEER LEADERS WHO SUPPORT THE WORK OF BUNKER LABS IN THEIR LOCAL COMMUNITIES. NOW KNOWN AS THE AMBASSADOR PROGRAM, THIS IS A 12-MONTH COHORT-BASED EXPERIENCE FOR ENTREPRENEURIAL SERVANT-LEADERS CONNECTING MILITARY COMMUNITY BUSINESS OWNERS IN 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 OUR COMMUNITY TO THE NECESSARY RESOURCES TO LAUNCH AND GROW SUCCESSFUL VENTURES. AMBASSADORS ATTEND THREE ANNUAL PROFESSIONAL DEVELOPMENT SESSIONS TO GAIN AND SHARE SKILLS AND KNOWLEDGE THAT SUPPORT THEIR LEADERSHIP DEVELOPMENT AND EMPOWER THEM TO SERVE IN OTHER AREAS OF THEIR PERSONAL AND PROFESSIONAL LIVES. FURTHERMORE, THROUGH A COHORT-BASED DELIVERY MODEL, AMBASSADORS ARE PROVIDED ACCESS TO THE NECESSARY KNOWLEDGE, RESOURCES, AND ADMINISTRATIVE/FINANCIAL SUPPORT NEEDED TO SUCCEED. IN NOVEMBER 2021, BUNKER LABS KICKED OFF THE NEW COHORT WITH 55 AMBASSADORS ATTENDING THE FIRST OF THESE IN-PERSON PROFESSIONAL DEVELOPMENT SESSIONS IN CHICAGO.
VETERANS IN RESIDENCE- IS A SIX-MONTH BUSINESS INCUBATOR THAT PROVIDES VETERAN AND MILITARY SPOUSE ENTREPRENEURS AND BUSINESS OWNERS WITH CO-WORKING SPACE, LOCAL COMMUNITY, A NATIONAL BUSINESS NETWORK, AND TARGETED SUPPORT TO GROW THEIR BUSINESS. BETWEEN JULY AND DECEMBER 2021, BUNKER LABS SUPPORTED A TOTAL OF 199 ENTREPRENEURS THROUGH VETERANS IN RESIDENCE COHORTS IN 22 CITIES AND ONE VIRTUAL COHORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blake Hogan Chief Exec Ofc | 55 | $131,460 | |
Joseph Herold Chief Operating Officer | 55 | $104,839 | |
Sumeet Chahal Chief Program Off | 55 | $95,924 | |
Becca Keaty Chief Dev Ofc | 55 | $92,417 | |
Lenore Karafa President | OfficerTrustee | 2 | $0 |
Charlotte Coker Gibson Secretary | OfficerTrustee | 2 | $0 |
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 | $4,009,777 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,009,777 |
| Total Program Service Revenue | $300,000 |
| 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 | $4,312,612 |
| 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. | $104,838 |
| Compensation of current officers, directors, key employees. | $17,205 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,098,677 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,926 |
| Payroll taxes | $98,975 |
| 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 | $143,803 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,653 |
| Travel | $292,020 |
| 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 | $0 |
| Insurance | $1,915 |
| All other expenses | $8,038 |
| Total functional expenses | $3,113,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,355,401 |
| Savings and temporary cash investments | $1,160,526 |
| Pledges and grants receivable | $1,394,760 |
| 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 | $27,600 |
| 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 | $3,938,287 |
| Accounts payable and accrued expenses | $222,555 |
| 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 | $222,555 |
| Net assets without donor restrictions | $1,056,005 |
| Net assets with donor restrictions | $2,659,727 |
| 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 | $3,938,287 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Bunker Labs Nfp Inc has recieved totaling $1,648,449.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $901,199 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $250,000 |
Bob Woodruff Family Foundation Inc New York, NY PURPOSE: LAUNCH LAB ONLINE PROGRAM FOR MILITARY-CONNECTED ENTREPRENEURS | $160,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Community Development | $100,000 |
Robert R Mccormick Foundation Chicago, IL PURPOSE: EMPOWERING MILITARY-CONNECTED ENTREPRENEURS IN ILLINOIS | $85,000 |
Tennessee Technology Development Corporation Nashville, TN PURPOSE: PROGRAM EXPENSES FOR NETWORK PARTNER | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Womens Business Initiative Corporation Milwaukee, WI | $42,014,379 | $10,583,804 |
Allies For Community Business Inc Chicago, IL | $54,726,016 | $12,452,578 |
Small Business Aid Inc Shipshewana, IN | $1,429,380 | $3,351,237 |
Bunker Labs Nfp Inc Chicago, IL | $3,938,287 | $4,312,612 |
Technology Entrepreneur Center Inc St Louis, MO | $14,793,185 | $1,740,629 |
Bioconnect Iowa Des Moines, IA | $1,127,931 | $1,803,790 |
Premier Capital Corporation Indianapolis, IN | $2,695,127 | $1,528,792 |
Startingblock Madison Inc Madison, WI | $3,788,993 | $962,585 |
South Central Ozark Council Of Governments Pomona, MO | $2,561,241 | $1,014,983 |
Growth Alliance For Greater Evansville Inc Evansville, IN | $3,067,417 | $736,027 |
Regional Development Company Valparaiso, IN | $1,015,697 | $931,106 |
Iowa Community Capital Boone, IA | $2,471,585 | $1,776,388 |