Lean Rocket Lab

Organization Overview

Lean Rocket Lab is located in Jackson, MI. The organization was established in 2020. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Lean Rocket Lab employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lean Rocket Lab 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, Lean Rocket Lab generated $721.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 49.4% each year . All expenses for the organization totaled $586.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

LEAN ROCKET LAB REMOVES COMMON BARRIERS TO INNOVATION BY PROVIDING A COLLABORATIVE WORKSPACE FULL OF HIGH ENERGY ENTREPRENEURS, ADVANCED EDUCATIONAL PROGRAMMING, HELPFUL BUSINESS RESOURCES, AND ACCESS TO VARIOUS STAGES OF CAPITAL SO BUSINESSES OR PRODUCTS CAN LAUNCH AND THRIVE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LEAN ROCKET LAB REMOVES COMMON BARRIERS TO INNOVATION BY PROVIDING A COLLABORATIVE WORKSPACE FULL OF HIGH ENERGY ENTREPRENEURS, ADVANCED EDUCATIONAL PROGRAMMING, HELPFUL BUSINESS RESOURCES, AND ACCESS TO VARIOUS STAGES OF CAPITAL SO BUSINESSES OR PRODUCTS CAN LAUNCH AND THRIVE.


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Board, Officers & Key Employees

Name (title)Compensation
Brandon Marken
President/ce
$104,667
Ken Seneff
Vp/secretary
$104,667
Jennifer Rivera
Treasurer
$2,000
Alexandra Masten
Chair
$0
Nadia Abunasser
Director
$0
Richard Collins
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $357,535
All other contributions, gifts, grants, and similar amounts not included above$195,647
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$553,182
Total Program Service Revenue$168,302
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 $721,484

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Lean Rocket Lab has recieved totaling $102,500.

Awarding OrganizationAmount
Walters Family Foundation

Milford, MI

PURPOSE: WFF FUNDING WILL HELP REMOVE COMMON BARRIERS TO INNOVATION BY PROVIDING A COLLABORATIVE WORKSPACE FULL OF HIGH ENERGY ENTREPRENEURS, ADVANCED EDUCATIONAL PROGRAMMING, HELPFUL BUSINESS RESOURCES, AND ACCESS TO VARIOUS STAGES OF CAPITAL SO BUSINESSES OR PRODUCTS CAN LAUNCH AND THRIVE.

$50,000
Hurst Foundation

Jackson, MI

PURPOSE: GENERAL OPERATIONS

$50,000
Lavery Foundation

Jackson, MI

PURPOSE: GENERAL FUND

$2,500
View Grant Recipient Profile

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