Knox Labs Inc
- Assets
- $32.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Vernon, OH
- Founding
- 10/2016
- Data as of
- 12/2020
- EIN
- 81-3885853
Organization Overview
Knox Labs Inc is located in Mount Vernon, OH. The organization was established in 2016. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knox 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 12/2020, Knox Labs Inc generated $32.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (40.8%) each year. All expenses for the organization totaled $43.2k during the year ending 12/2020. 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
KNOXLABS SERVED MAKERSPACE MEMBERS AND HELD COMMUNITY EVENTS AND EDUCATIONAL OPPORTUNITIES IN THE FIRST QUARTER OF 2020, BUT WAS FORCED TO SUSPEND MUCH OF ITS ACTIVITY FOR THE REMAINDER OF THE YEAR DUE TO THE COVID-19 PANDEMIC. AS A RESULT, THE BOARD OF DIRECTORS BEGAN REIMAGINING WHAT THE ORGANIZATION MIGHT OFFER THE COMMUNITY, PARTICULARLY IN STRONGER COLLABORATION WITH SPECIFIC PARTNERING ORGANIZATIONS. THIS PROCESS IS ONGOING AS OF THIS FILING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nito Mortera Member | 1 | $0 | |
Nick Clark Member | 1 | $0 | |
Jeffrey Scott Treasurer | 1 | $0 | |
Kathy Kasler Member | 1 | $0 | |
Elaine Robinson President | 5 | $0 | |
James Smith Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,505 |
| Total Program Service Revenue | $1,084 |
| Membership dues | $570 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $32,159 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $14,109 |
| Professional fees and other payments to independent contractors | $4,035 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $25,048 |
| Total expenses | $43,192 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,351 |
| Other assets | $0 |
| Total assets | $32,262 |
| Total liabilities | $261 |
| Net assets or fund balances | $32,001 |