The Brandlab
- Assets
- $1.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 150
- Location
- Minneapolis, MN
- Founding
- 09/2008
- Data as of
- 06/2024
- EIN
- 80-0199088
Organization Overview
The Brandlab is located in Minneapolis, MN. The organization was established in 2008. According to its NTEE Classification (O51) the organization is classified as: Youth Community Service Clubs, under the broad grouping of Youth Development and related organizations. As of 06/2024, Brandlab employed 150 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brandlab 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 06/2024, Brandlab generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $2.5m during the year ending 06/2024. While expenses have increased by 20.1% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO CHANGE THE FACE AND VOICE OF THE MARKETING AND ADVERTISING PROFESSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCESS - 97% OF INTERNS FEEL CONFIDENT IN THEIR CAREER PURSUITS, AND 100% OF PARTNERS ARE EAGER TO CONTINUEDEVELOPING AND HIRING THEM.
OPPORTUNITY - AWARDED NEARLY $100,000 IN SCHOLARSHIPS, CREATING LONG-TERM OPPORTUNITIES FOR FUTURE LEADERS.
EXPOSURE - EXPOSED MORE THAN 1,500 YOUNG PEOPLE TO CAREER PATHS IN MARKETING AND ADVERTISING.
EQUITY - OVER 350 PARTICIPANTS ATTENDED OUR FEARLESS CONFERENCE, WITH 98% RATING IT AS ONE OF THE BEST THEY'VEEVER EXPERIENCED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Beth George Chair | OfficerTrustee | 2 | $0 |
Thomas Jefferson Vice Chair | OfficerTrustee | 1 | $0 |
Lorenz Esguerra Treasurer | OfficerTrustee | 2 | $0 |
Taylor Harris Secretary | Trustee | 0.25 | $0 |
Eric Ashworth Board Member | Trustee | 0.25 | $0 |
Frank Crowson Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,279,785 |
| Noncash contributions included in lines 1a–1f | $27,390 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,286,285 |
| Total Program Service Revenue | $355,976 |
| Investment income | $17,035 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $110,253 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,769,549 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $29,001 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $207,433 |
| Compensation of current officers, directors, key employees. | $87,122 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,475,874 |
| Pension plan accruals and contributions | $7,426 |
| Other employee benefits | $26,275 |
| Payroll taxes | $138,871 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,524 |
| Fees for services: Accounting | $230,092 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,174 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $139,729 |
| Advertising and promotion | $5,356 |
| Office expenses | $41,564 |
| Information technology | $31,372 |
| Royalties | $0 |
| Occupancy | $598 |
| Travel | $22,929 |
| 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 | $6,516 |
| Insurance | $17,040 |
| All other expenses | $0 |
| Total functional expenses | $2,491,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,158 |
| Savings and temporary cash investments | $438,002 |
| Pledges and grants receivable | $248,854 |
| Accounts receivable, net | $65,500 |
| 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 | $31,399 |
| Net Land, buildings, and equipment | $7,603 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,004,516 |
| Accounts payable and accrued expenses | $152,689 |
| Grants payable | $71,556 |
| Deferred revenue | $65,000 |
| 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 | $289,245 |
| Net assets without donor restrictions | $183,818 |
| Net assets with donor restrictions | $531,453 |
| 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 | $1,004,516 |