Lab Launch Inc
- Assets
- $68.0k
- Revenue
- $361.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Monrovia, CA
- Founding
- 12/2014
- Data as of
- 12/2020
- EIN
- 47-1621472
Organization Overview
Lab Launch Inc is located in Monrovia, CA. The organization was established in 2014. According to its NTEE Classification (J99) the organization is classified as: Employment N.E.C., under the broad grouping of Employment and related organizations. As of 12/2021, Lab Launch Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lab Launch 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 12/2020, Lab Launch Inc generated $361.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $353.3k during the year ending 12/2020. While expenses have increased by 26.0% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDES AFFORDABLE CO-WORKING RESEARCH LABORATORY AND OFFICE SPACE TO BIOTECHNOLOGY COMPANIES. ADDITIONAL SERVICES PROVIDED CAN INCLUDE BUSINESS ADMINISTRATION AND CONSULTING SERVICES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blaine Fetter Director | 1 | $0 | |
Marie Rippen CEO | 40 | $0 | |
Llewellyn Cox Director | 10 | $0 | |
Nardo Manoloto Resigned Oct 2019 Director | 1 | $0 | |
Arye Lipman Director | 1 | $0 | |
Steve Casper Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $359,866 |
| Investment income | $0 |
| 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 | $360,976 |
| Statement of Expenses | |
|---|---|
| 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. | $51,298 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,300 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $827 |
| Payroll taxes | $5,542 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,824 |
| Fees for services: Accounting | $6,818 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33 |
| Office expenses | $240 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $180,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,213 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,226 |
| Insurance | $7,241 |
| All other expenses | $0 |
| Total functional expenses | $353,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,488 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $935 |
| 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 | $619 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $217 |
| Total assets | $67,985 |
| Accounts payable and accrued expenses | $0 |
| 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 | $20,000 |
| Other liabilities | $83,659 |
| Total liabilities | $103,659 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$35,674 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lab Launch Inc has recieved totaling $14.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Micro Enterprise Services Of Oregon Portland, OR | $15,766,775 | $30,525,364 |
Building Skills Partnership Los Angeles, CA | $7,529,285 | $6,127,811 |
Marine Exchange Of Los Angeles- Long Beach Harbor Inc San Pedro, CA | $4,737,680 | $3,654,522 |
Climb Hire Inc San Jose, CA | $8,148,253 | $7,989,034 |
Southern Nevada Laborers Local 872 Training Trust Las Vegas, NV | $9,210,264 | $3,970,208 |
Nevada Mining Association Inc Reno, NV | $1,620,890 | $2,924,336 |
Merchants Exchange Portland, OR | $1,706,464 | $2,309,174 |
Escrow Agents Fidelity Corporation Of California Los Angeles, CA | $7,303,662 | $1,393,505 |
California Committee To Save Our Jobs Inc El Dorado Hills, CA | $392,446 | $1,031,435 |
Hourglass Project San Luis Obispo, CA | $839,371 | $1,423,022 |
Molokai Occupational Center Kaunakakai, HI | $711,914 | $690,980 |
Modi Nochi Beverly Hills, CA | $821,297 | $1,400,075 |