Labrats San Diego
- Assets
- $100.0k
- Revenue
- $563.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Encinitas, CA
- Founding
- 11/2017
- Data as of
- 12/2023
- EIN
- 82-0839046
Organization Overview
Labrats San Diego is located in Encinitas, CA. The organization was established in 2017. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, 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. Labrats San Diego 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 12/2023, Labrats San Diego generated $563.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.3% each year . All expenses for the organization totaled $437.1k during the year ending 12/2023. While expenses have increased by 22.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR 2023 YEAR WAS ONE OF EXPANSION OF EXISTING CONTRACTS WITH BONSALL, SOUTH BAY, AND SAN DIEGO SCHOOL DISTRICTS. OUR DIGITAL CHANNEL ON YOUTUBE INCREASED THE NUMBER OF LABS AVAILABLE ON OUR CHANNEL. ALSO IN 2023, WE ADDED ANOTHER VEHICLE TO OUR MOBILE SCIENCE VAN LAB FLEET BASICALLY DOUBLING OUR MOBILE SCIENCE TEACHING CAPABILITIES. WE ALSO RESTARTED WEEKLY OPPORTUNITIES AT OUR STEM DISCOVERY CENTER. OUR CORPORATE SPONSORSHIP EFFORTS WERE REWARDED WITH A 100,000CORPORATE SPONSORSHIP FROM TING INTERNET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR 2023 YEAR WAS ONE OF EXPANSION OF EXISTING CONTRACTS WITH BONSALL, SOUTH BAY, AND SAN DIEGO SCHOOL DISTRICTS. OUR DIGITAL CHANNEL ON YOUTUBE INCREASED THE NUMBER OF LABS AVAILABLE ON OUR CHANNEL. ALSO IN 2023, WE ADDED ANOTHER VEHICLE TO OUR MOBILE SCIENCE VAN LAB FLEET BASICALLY DOUBLING OUR MOBILE SCIENCE TEACHING CAPABILITIES. WE ALSO RESTARTED WEEKLY OPPORTUNITIES AT OUR STEM DISCOVERY CENTER. OUR CORPORATE SPONSORSHIP EFFORTS WERE REWARDED WITH A 100,000CORPORATE SPONSORSHIP FROM TING INTERNET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Ryan Merrill Director | Trustee | 35 | $60,005 |
Jason P Merrill Director | Trustee | 35 | $59,185 |
James K Merrill President | OfficerTrustee | 32.5 | $28,412 |
Dr Janice Green Director | Trustee | 0 | $0 |
Dr Roger Bolus Director | Trustee | 0 | $0 |
Kerry Witkin Director | Trustee | 0 | $0 |
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 | $57,614 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,614 |
| Total Program Service Revenue | $505,454 |
| 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 | $563,068 |
| 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. | $147,602 |
| Compensation of current officers, directors, key employees. | $147,602 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $192,315 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,763 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40 |
| Advertising and promotion | $4,704 |
| Office expenses | $1,513 |
| Information technology | $11,893 |
| Royalties | $0 |
| Occupancy | $30,527 |
| Travel | $5,444 |
| 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 | $756 |
| Insurance | $14,524 |
| All other expenses | $2,980 |
| Total functional expenses | $437,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,247 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,159 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,618 |
| Total assets | $100,024 |
| 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 | $60,709 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $60,709 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $39,315 |
| Total liabilities and net assets/fund balances | $100,024 |