Wgu Labs
- Assets
- $5.4m
- Revenue
- $17.2m
- Investments
- $0.0
- Employees
- 113
- Location
- Salt Lake City, UT
- Founding
- Data as of
- 06/2021
- EIN
- 82-4523369
Organization Overview
Wgu Labs is located in Salt Lake City, UT. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, Wgu Labs employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wgu Labs 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 06/2021, Wgu Labs generated $17.2m in total revenue. All expenses for the organization totaled $13.2m during the year ending 06/2021. While expenses have increased by 46.2% per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE IN RESEARCH, DEVELOPMENT AND LICENSING OF INNOVATIVE TECHNOLOGIES TO OPTIMIZE LEARNER OUTCOMES
Describe the Organization's Program Activity:
Part 3 - Line 4a
WGU LABS WORKED WITH 8 EARLY-STAGE EDTECH COMPANIES SOLVING IMPORTANT PROBLEMS IN EDUCATION TO CONDUCT RESEARCH AND HELP THEM GROW. WGU LABS CONTINUES TO EXPAND THE COLLEGE INNOVATION NETWORK, A GROUP OF POST-SECONDARY INSTITUTIONS THAT SERVE UNDER-REPRESENTED STUDENTS COMMITTED TO RESEARCHING INNOVATIVE SOLUTIONS TO IMPROVE OUTCOMES FOR STUDENTS. WITH THE SUPPORT OF THE CHARLES KOCH FOUNDATION, WGU LABS IS CONDUCTING RESEARCH ON A HYBRID COLLEGE MODEL TO INCREASE ACCESS AND COMPLETION OF UNDER-REPRESENTED STUDENTS.
WGU ACADEMY (ACADEMY) WAS A COMPONENT OF WGU LABS UNTIL SPINNING OFF IN JANUARY 2021 AS ITS OWN SEPARATE COMPANY. ACADEMY SOUGHT AND RECEIVED CREDIT RECOMMENDATION FROM THE AMERICAN COUNCIL ON EDUCATION (ACE) FOR ITS FLAGSHIP COURSE, THE PROGRAM FOR ACADEMIC AND CAREER ADVANCEMENT (PACA). PACA NOW TRANSFERS TO OTHER INSTITUTIONS AS A 3-CREDIT COMMUNICATIONS COURSE. ACADEMY CONTINUES TO OFFER ITS COLLEGE READINESS PROGRAM TO UNDERSERVED POPULATIONS ACROSS A VARIETY OF CLIENTS IN DIFFERENT SEGMENTS. HIGHER ED, EMPLOYER GROUPS, AND COMMUNITY GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Partridge Until 123120 President, Wgu Academy | Officer | 40 | $422,400 |
Jason Levin Director / President | OfficerTrustee | 41 | $342,596 |
Todd Bloom Managing Dir, Business Studios | Officer | 40 | $302,297 |
Jessica Wishnie Jess Stokes Senior Manager, Software Eng | 40 | $170,191 | |
Nicholas Johnson Manager, Software Engineer | 40 | $167,435 | |
Anna Frachou Director, Strategic Alliances | 40 | $162,095 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Woodbury Corporation Facility Rental | 6/29/21 | $130,484 |
Speakworks Inc Video Assessment | 6/29/21 | $203,275 |
Consultnet Llc It Staffing | 6/29/21 | $228,481 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $12,331,516 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,331,516 |
| Total Program Service Revenue | $4,811,124 |
| Investment income | $56,660 |
| 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 | $17,199,300 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,800 |
| Grants and other assistance to domestic individuals. | $20,100 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $950,645 |
| Compensation of current officers, directors, key employees. | $439,041 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,480,525 |
| Pension plan accruals and contributions | $318,698 |
| Other employee benefits | $873,000 |
| Payroll taxes | $422,825 |
| Fees for services: Management | $57,094 |
| Fees for services: Legal | $97,438 |
| Fees for services: Accounting | $96,403 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,597,139 |
| Advertising and promotion | $74,543 |
| Office expenses | $155,384 |
| Information technology | $676,678 |
| Royalties | $0 |
| Occupancy | $242,329 |
| Travel | $6,997 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,172 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,816 |
| Insurance | $13,459 |
| All other expenses | $1,376 |
| Total functional expenses | $13,158,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $89,556 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $640,066 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,588,217 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $32,303 |
| Investments—publicly traded securities | $62,401 |
| Investments—other securities | $0 |
| Investments—program-related | $1,999,999 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,412,542 |
| Accounts payable and accrued expenses | $676,161 |
| Grants payable | $0 |
| Deferred revenue | $1,389,325 |
| 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 | $2,065,486 |
| Net assets without donor restrictions | $2,411,556 |
| Net assets with donor restrictions | $935,500 |
| 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 | $5,412,542 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wgu Labs has recieved totaling $12,331,516.
| Awarding Organization | Amount |
|---|---|
Corporation Of Western Governers University Salt Lake City, UT PURPOSE: CAPITAL CONTRIBUTION INCLUDING LOAN FORGIVENESS | $11,273,216 |
Wgu Advancement Salt Lake City, UT PURPOSE: TRANSACTIONS FOR WGU LABS | $1,058,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wgu Labs Salt Lake City, UT | $5,412,542 | $17,199,300 |
Legacy Traditional School Maricopa Chandler, AZ | $18,281,409 | $11,917,984 |
Turing School Of Software And Design Denver, CO | $6,210,648 | $10,301,401 |
Rooted Denver, CO | $4,963,250 | $7,608,549 |
United States Space Foundation Colorado Springs, CO | $16,544,992 | $7,378,299 |
Lena Foundation Louisville, CO | $6,954,124 | $11,160,800 |
Starfall Education Foundation Boulder, CO | $23,360,929 | $7,522,820 |
North Valley Christian Academy Phoenix, AZ | $21,880,412 | $8,715,772 |
Colorado High School Activities Association Aurora, CO | $4,647,577 | $4,396,075 |
Blueprint Education In Phoenix, AZ | $3,476,222 | $5,711,311 |
Bountiful Community Food Pantry Bountiful, UT | $1,761,545 | $4,446,864 |
Colorado Uplift Denver, CO | $4,385,940 | $5,341,979 |