Civic Hall Labs Inc
- Assets
- $117.2m
- Revenue
- $604.2k
- Investments
- $0.0
- Employees
- 4
- Location
- New York, NY
- Founding
- 12/2015
- Data as of
- 09/2023
- EIN
- 47-4897004
Organization Overview
Civic Hall Labs Inc is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Civic Hall Labs Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Civic Hall Labs 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 09/2023, Civic Hall Labs Inc generated $604.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $7.1m during the year ending 09/2023. 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
WE FOSTER INNOVATION, EDUCATION AND COLLABORATION IN NEW YORK CITY'S TECH ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Rasiej CEO & Founder | OfficerTrustee | 40 | $175,921 |
Michael Bassik Board Chair & Treasurer | OfficerTrustee | 1 | $0 |
Jennifer Vento Director | Trustee | 1 | $0 |
Christine Mcmahon President & CEO Of Fedcap | Officer | 1 | $0 |
Carol Khoury CFO Of Fedcap | Officer | 1 | $0 |
Kenneth Brezenoff Gen. Counsel & VP Strat. Init. | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Turett Collaborative Architect | 12/30/20 | $228,419 |
Baker Hostetler Legal Fees | 12/30/20 | $155,808 |
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 | $604,199 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $604,199 |
| Total Program Service Revenue | $0 |
| Investment income | $22 |
| 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 | $604,221 |
| 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. | $289,877 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $126,482 |
| Pension plan accruals and contributions | $28,312 |
| Other employee benefits | $57,053 |
| Payroll taxes | $21,534 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,564 |
| 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 | $16,734 |
| Advertising and promotion | $0 |
| Office expenses | $1,277 |
| Information technology | $4,889 |
| Royalties | $0 |
| Occupancy | $6,437,794 |
| Travel | $700 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,400 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,029 |
| All other expenses | $0 |
| Total functional expenses | $7,097,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,218,335 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100,000 |
| 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 | $3,008,199 |
| Net Land, buildings, and equipment | $17,668,897 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $93,205,765 |
| Total assets | $117,201,196 |
| Accounts payable and accrued expenses | $259,115 |
| Grants payable | $0 |
| Deferred revenue | $221,530 |
| 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 | $71,930,228 |
| Total liabilities | $72,410,873 |
| Net assets without donor restrictions | -$1,155,165 |
| Net assets with donor restrictions | $45,945,488 |
| 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 | $117,201,196 |
Grants Awarded
Over the last fiscal year, Civic Hall Labs Inc has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NESTERLY PURPOSE: PRODUCT AND PROGRAM DEVELOPMENT ASSISTANCE | $15,000 |
PASSNYC PURPOSE: PRODUCT AND PROGRAM DEVELOPMENT ASSISTANCE | $15,000 |