Feedback Labs Inc is located in Washington, DC. The organization was established in 2017. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Feedback Labs Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Feedback 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 12/2021, Feedback Labs Inc generated $374.5k 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 (18.0%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY: LABSTORMS/FEEDBACK SUMMIT, BLOG POSTS & MEMBERSHIP: FEEDBACK LABS OFFERS OPPORTUNITIES FOR NONPROFITS, FOUNDATIONS, AND GOVERNMENTS TO PARTICIPATE IN FEEDBACK LABS' EDUCATIONAL PROGRAMMING, SUCH AS PROBLEM-SOLVING LABSTORMS, ISSUE-SPECIFIC SUMMITS, AND FELLOWSHIP PROGRAMS. SUCH EDUCATIONAL EVENTS PROVIDE OPPORTUNITIES FOR THESE ORGANIZATIONS TO JOIN THE FEEDBACK LABS' NETWORK OF ORGANIZATIONS AND INDIVIDUALS INTERESTED IN LEARNING MORE ABOUT FEEDBACK LOOPS AND THEIR POTENTIAL TO IMPROVE CHARITIES. IN ORDER FOR FEEDBACK TO BE THE EXPECTED THING, PEOPLE NEED TO HAVE A COMMUNITY TO SUPPORT THEM IN THEIR EFFORTS, SHARE EXPERIENCES, AND HELP CREATE STANDARDS, INCENTIVES, TOOLS, ETC. TOGETHER. THIS PROGRAM AIMS TO MAINTAIN A COMMUNITY WITH SCALABLE AND (CONTINUED ON SCHEDULE O) SYSTEMATIC WAYS TO ENGAGE THROUGH A COHERENT MEMBERSHIP STRUCTURE AND TO PROVIDE MEANINGFUL BENEFITS AND ENGAGEMENTS TO COMMUNITY MEMBERS. WE CONVENE THE ABOVE ORGANIZATIONS AND HUNDREDS MORE IN LARGE MEETINGS (ANNUAL SUMMITS AND CRASH COURSE); AND FREQUENT SMALLER MEETINGS (BI-WEEKLY LABSTORMS).
TOOLS AND TRAINING: FEEDBACK QUIZ; FEEDBACK RESOURCES & TOOLKIT; FEEDBACK WEBINARS; CRASH COURSE AND OTHER TRANINGS: FEEDBACK LABS PROMOTES EFFECTIVE FEEDBACK PRACTICES BY ENGAGING A GROWING COMMUNITY IN-PERSON AND THROUGH ONLINE FORUMS TO SUPPORT WIDESPREAD EXPERIMENTATION OF CLOSING FEEDBACK LOOPS. FEEDBACK LABS SUPPORTS PRACTICAL ACTION AND EXPERIMENTATION NEEDED TO FIGURE OUT HOW TO CLOSE THE LOOP BY CONNECTING PRACTITIONERS, RESEARCHERS, AND FUNDERS WITH TOOLS, APPROACHES, AND EACH OTHER. IN ORDER FOR FEEDBACK TO BE THE EXPECTED THING, THERE NEED TO BE EASILY ACCESSIBLE RESOURCES TO HELP PEOPLE TO DO FEEDBACK WELL. THIS PROGRAM SEEKS TO UNDERSTAND WHERE THE NEED AND DEMAND IS FOR FEEDBACK-RELATED TOOLS AND TRAININGS, TO CREATE AND CURATE TOOLS AND TRAINING TO MEET THAT(CONTINUED ON SCHEDULE O) DEMAND, AND TO COVER THE COSTS OF THESE ACTIVITIES THROUGH EARNED REVENUE. FEEDBACK LABS FURTHER DRIVES THE FEEDBACK DISCOURSE BY PROVIDING COMMON LANGUAGE AND THEORETICAL GROUNDING FOR FEEDBACK CONCEPTS. WE WORK AT SENIOR LEVELS IN AID AGENCIES, FOUNDATIONS, GOVERNMENTS, AND IMPACT INVESTORS TO ASSIST SENIOR MANAGEMENT TO DEVELOP STRATEGIES AND INCENTIVES FOR THE ADOPTION OF FEEDBACK LOOPS. WE ALSO WORK WITH FOUNDATIONS AND NONPROFITS TO SUPPORT THIS EDUCATIONAL WORK FOR THEIR GRANTEES OR STAFF, UNDER THE PREMISE THAT MORE INDIVIDUALS WITHIN ONE ORGANIZATION OR PROGRAM WHO PRACTICE FEEDBACK WILL SCALE THE IMPACT MORE QUICKLY. FINALLY, WE HOST A FEEDBACK FELLOWS PROGRAM TO HAVE A TAILORED AND SUPPORTED EXPERIENCE IN DEVELOPING AND IMPROVING THEIR FEEDBACK PRACTICE.
INCENTIVES: COLLABORATIVE RESEARCH; IRRITANTS PROGRAMMING; AND FUNDER LEARNING GROUP: SINCE OUR INCEPTION, WE HAVE WORKED WITH MAJOR FOUNDATIONS, AID AGENCIES, GOVERNMENT AGENCIES, AND IMPACT INVESTORS TO FRAME CONCEPTUAL ISSUES AND CARRY OUT RESEARCH RELATED TO FEEDBACK LOOPS. THIS HIGH LEVEL CONCEPTUAL AGENDA SUPPORTED NONPROFITS IN TAKING THEIR FIRST STEP TOWARDS NEW FEEDBACK PRACTICES AND BEHAVIORS. THE DEVELOPMENT OF THE INCENTIVES STRATEGY BUILT FROM THIS EARLY WORK. IN ORDER FOR FEEDBACK TO BECOME THE EXPECTED THING, IT NEEDS TO BE EASY TO CARRY OUT AND PEOPLE NEED TO BE REWARDED FOR DOING IT WELL. IN THIS PROGRAM, FEEDBACK LABS WORKS WITH EXISTING PLATFORMS, PHILANTHROPIC RATING SYSTEMS, AND OTHERS WORKING ON GOOD PUBLIC PRACTICE TO CREATE REWARDS FOR ORGANIZATIONS WHO ARE CARRYING OUT GOOD FEEDBACK PRACTICE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Britt Lake Ex-Officio Director & CEO | OfficerTrustee | 40 | $169,865 |
Megan Campbell Sr. Dir. Of Programs And Strategy | 40 | $107,742 | |
Benilda Samuels Chair | OfficerTrustee | 1 | $0 |
Bryan Simmons Secretary | OfficerTrustee | 1 | $0 |
Jean-Louis Sarbib Treasurer | OfficerTrustee | 1 | $0 |
Dennis Whittle Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $93,250 |
All other contributions, gifts, grants, and similar amounts not included above | $124,738 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $217,988 |
Total Program Service Revenue | $156,124 |
Investment income | $428 |
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 | $374,540 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $50,998 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $300,000 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $184,064 |
Compensation of current officers, directors, key employees. | $40,494 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $341,281 |
Pension plan accruals and contributions | $9,272 |
Other employee benefits | $25,246 |
Payroll taxes | $43,552 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,025 |
Fees for services: Accounting | $22,378 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $61,807 |
Advertising and promotion | $404 |
Office expenses | $3,541 |
Information technology | $8,580 |
Royalties | $0 |
Occupancy | $29,209 |
Travel | $1,248 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $407 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,971 |
All other expenses | $0 |
Total functional expenses | $1,103,806 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $187,132 |
Savings and temporary cash investments | $390,628 |
Pledges and grants receivable | $19,050 |
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 | $886 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $15,491 |
Total assets | $613,187 |
Accounts payable and accrued expenses | $24,348 |
Grants payable | $0 |
Deferred revenue | $14,000 |
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 | $38,348 |
Net assets without donor restrictions | $310,644 |
Net assets with donor restrictions | $264,195 |
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 | $613,187 |
Over the last fiscal year, we have identified 1 grants that Feedback Labs Inc has recieved totaling $15,000.
Awarding Organization | Amount |
---|---|
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR MEMBERSHIP SUPPORT | $15,000 |
Organization Name | Assets | Revenue |
---|---|---|
Onetilt Washington, DC | $533,720 | $1,311,011 |
Feedback Labs Inc Washington, DC | $613,187 | $374,540 |
Catalogue For Philanthropy Greater Washington Washington, DC | $800,651 | $864,048 |
Scott A And Phyllis P Crabtree Family Foundation Inc Alexandria, VA | $7,368,768 | $1,375,365 |
Touchpoint Baltimore Inc Towson, MD | $753,489 | $100,000 |
Cumberland Masonic Temple Inc Cumberland, MD | $722,919 | $577,863 |
Women S Congressional Staff Foundation Washington, DC | $134,982 | $0 |
Hayden Family Foundation Inc Mclean, VA | $383,030 | $0 |
Dwoskin Foundation Fairfax, VA | $0 | $0 |