Open Style Lab Inc
- Assets
- $23.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Great Neck, NY
- Founding
- 07/2015
- Data as of
- 12/2021
- EIN
- 47-3087599
Organization Overview
Open Style Lab Inc is located in Great Neck, NY. The organization was established in 2015. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Style Lab 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, Open Style Lab Inc generated $66.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $83.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace Jun President | 30 | $0 | |
Pinar Guvenc Treasurer / Director | 5 | $0 | |
Christina Mallon Secretary / Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,816 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $66,816 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $10,411 |
| Professional fees and other payments to independent contractors | $37,927 |
| Occupancy, rent, utilities, and maintenance | $11,400 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $24,125 |
| Total expenses | $83,863 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,380 |
| Other assets | $0 |
| Total assets | $23,564 |
| Total liabilities | $18,303 |
| Net assets or fund balances | $5,261 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Open Style Lab Inc has recieved totaling $112.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $112 |
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