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Nonprofiteer
← THE COORDINATION LAB INC

Form 990 for tax year 2023

Filed by THE COORDINATION LAB INC.

Totals

Total revenue
$4,771,822
Total expenses
$6,958,277
Contributions and grants received
$4,651,957
Grants paid
$773,725
Program service revenue
$0
Investment income
$119,865
Other revenue
$0
Total assets, end of year
$4,645,845
Total liabilities, end of year
$1,086,952
Net assets or fund balances, end of year
$3,558,893
Program services expenses (Part IX)
$5,811,109
Management and general expenses
$1,147,168
Fundraising expenses
$0
Program service expenses (Part III)
$5,811,109

Program services were 83.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $4,651,957

  • 3 · Investment income

    total $119,865 · excluded $119,865

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $505,500 · program services $505,500

  • 3 · Grants to foreign organizations and individuals

    total $268,225 · program services $268,225

  • 7 · Other salaries and wages

    total $1,240,133 · program services $1,007,322 · management and general $232,811

  • 9 · Other employee benefits

    total $53,290 · program services $43,286 · management and general $10,004

  • 10 · Payroll taxes

    total $102,275 · program services $83,075 · management and general $19,200

  • 11c · Fees: accounting

    total $20,175 · management and general $20,175

  • 11g · Fees: other

    total $4,352,302 · program services $3,533,910 · management and general $818,392

  • 12 · Advertising and promotion

    total $16,137 · program services $16,137

  • 13 · Office expenses

    total $96,884 · program services $95,986 · management and general $898

  • 14 · Information technology

    total $64,777 · program services $45,861 · management and general $18,916

  • 16 · Occupancy

    total $38,976 · program services $38,976

  • 17 · Travel

    total $141,106 · program services $137,929 · management and general $3,177

  • 19 · Conferences, conventions and meetings

    total $16,399 · program services $13,288 · management and general $3,111

  • 23 · Insurance

    total $5,437 · program services $55 · management and general $5,382

  • 24a · Other expenses: MISCELLANEOUS

    total $36,661 · program services $21,559 · management and general $15,102

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $838,925 · end of year $2,406,730

  • 2 · Savings and temporary cash investments

    beginning of year $6,430,546 · end of year $2,238,715

  • 3 · Pledges and grants receivable

    beginning of year $141,600

  • 7 · Other notes and loans receivable

    end of year $400

  • 9 · Prepaid expenses and deferred charges

    beginning of year $416

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,666,139 · end of year $1,086,952

  • 27 · Net assets without donor restrictions

    beginning of year $1,427,150 · end of year $1,396,792

  • 28 · Net assets with donor restrictions

    beginning of year $4,318,198 · end of year $2,162,101

Mission and programs · 2023

Mission

THE STATED MISSION OF SECONDMUSE FOUNDATION IS TO FOSTER AND DEVELOP DIVERSE, PARTICIPATORY INNOVATION COMMUNITIES THAT INCUBATE SOLUTIONS TO SOCIAL, ECONOMIC AND ENVIRONMENTAL ISSUES; INCLUDING THROUGH PUBLIC EDUCATION, FACILITATING THE ABILITY OF PRIVATE, COMMERCIAL ACTORS, ENTREPRENEURS AND GOVERNMENTS TO GENERATE SHARED VISIONS AND TAKE COLLECTIVE ACTION IN ADVANCING SOLUTIONS THAT ADDRESS ENVIRONMENTAL ISSUES AND LOCAL ECONOMIES, AND INCUBATING AND FUNDING PROGRAMS AND SOLUTIONS THAT ADVANCE SOCIAL, ENVIRONMENTAL AND/OR ECONOMIC JUSTICE. IT WILL ALSO GENERATE, CODIFY, AND PUBLISH LEARNINGS AND INSIGHTS AND FACILITATE BROADER DISCOURSE TO CATALYZE COMMUNITY DEVELOPMENT ON A LARGER SCALE.

  • THE SECONDMUSE FOUNDATIONS ACCOMPLISHMENTS BOTH THROUGH DIRECT IMPLEMENTATION AND FISCAL SPONSORSHIP OF PROGRAMS, HAVE SIGNIFICANTLY CONTRIBUTED TO ENHANCING THE WELL-BEING OF BOTH PEOPLE AND THE PLANET. IN 2023, WE CONTINUED IMPLEMENTING OUR FLAGSHIP PROGRAM, GET (GENDER EQUITY IN TECH) CITIES, TO RADICALLY INCREASE EQUITY IN TECH. IN THAT, WE INVESTED 1M IN FIVE OF THE TECH EQUITY WORKING GROUP PILOTS AS THEY TRANSITIONED INTO NEW LOCAL HOST ORGANIZATIONS, RELEASED GROUND-BREAKING REPORTS AND PUBLISHED VARIOUS ARTICLES, HOSTED A TOTAL OF 98 EVENTS AND MORE THAN 2,000 ECOSYSTEM CONVERSATIONS THROUGH THOUGHT-PROVOKING CONFERENCES AND ENGAGING PANELS AND WORKSHOPS. THIS PROGRAM WILL BE CONCLUDED IN 2024. IN ADDITION, THE FOUNDATION HAS ALSO FISCALLY SPONSORED 5 PROJECTS. THE INCLUSIVE CAPITAL COLLECTIVE (ICC) WAS IMPLEMENTED FROM 2021 CONCLUDING IN 2023 WITH THE AIM TO DEVELOP CATALYTIC CAPITAL INSTRUMENTS TO ACCELERATE AND AMPLIFY THE WORK OF ITS MEMBERS. IT WAS POSSIBLE TO BUILD A DIGITAL INFRASTRUCTURE & SOFTWARE ENGINEERING, CREATE FINANCE FACILITY AND A REGRANTING FACILITY, HOST VIRTUAL SHOWCASES, LABS, OTHER INFORMATIONAL EVENTS, PUBLISHED CASE STUDIES AND ARTICLES AND MOST IMPORTANTLY, CREATE A SELF-SUSTAINING BUSINESS MODEL FOR THE ICC TO SPIN OUT IN 2024. THE INCUBATION NETWORK (TIN) STARTED IN 2019 AND CONCLUDED IN 2023 WITH THE OBJECTIVE TO CREATE NEW RESILIENT WASTE SYSTEMS BY DEVELOPING, PROMOTING AND INVESTING IN TECHNOLOGIES, BUSINESS MODELS AND ENTREPRENEURS FOCUSED ON OCEAN PLASTIC POLLUTION MITIGATION AND THE CREATION OF MORE CIRCULAR ECONOMIES IN SOUTH AND SOUTHEAST ASIA. REGENERATIVE MONTEREY WAS A NEW INITIATIVE FUNDED BY 14 DONORS FOCUSED ON BUILDING REGENERATIVE AND CLIMATE POSITIVE ECONOMIC DEVELOPMENT IN MONTEREY, CA, SHOWCASING THE POTENTIAL FOR BOOSTING MONTEREYS ECONOMY THROUGH SUSTAINABLE, FAIR, AND DIVERSE WAYS IN TOURISM, AGRICULTURE, BUILDING/CONSTRUCTION TRADES, AND MARINE INDUSTRIES. THE FUTURE ECONOMY LAB ASIA, FOCUSED ON INNOVATING HOW WE CREATE FINANCIAL MECHANISMS AND COLLABORATIVE STRATEGIES ACROSS REGIONS, IMPACT SECTORS, AND COMMUNITIES AROUND THE WORLD. THE SECONDMUSE FOUNDATION SPONSORED A GRANT FROM THE VISA FOUNDATION, TO DESIGN PROGRAMS THAT ADDRESS BARRIERS FACED BY GENDER-SMART, CLIMATE-POSITIVE BUSINESSES IN ACCESSING CAPITAL IN SOUTH AND SOUTHEAST ASIA. THE FOUNDATION HAS BEEN SUPPORTING AND SPONSORING BLACK TECH STREET (BTS) SINCE ITS INCEPTION. IN 2023, IT HOSTED DEF CON 31 IN COLLABORATION WITH THE WHITE HOUSE AND MANY OTHER ORGANIZATIONS. IT WAS NAMED PART OF THE NATIONAL CYBER WORKFORCE AND EDUCATION STRATEGY AND THE FOUNDER AND EXECUTIVE DIRECTOR, TYRANCE BILLINGSLEY II, TESTIFIED AT THE CONGRESSIONAL BLACK CAUCUS AND U.S. SENATE COMMITTEE ON THE AI AND THE FUTURE OF WORK. IN ADDITION, BTS CREATED A LONG-TERM ALLIANCE BETWEEN MICROSOFT AND THE GREENWOOD COMMUNITY FOR THE DIGITAL TRANSFORMATION OF BLACK WALL STREET TO TRAIN 1000 BLACK TECH PROFESSIONALS. IT WILL CONTINUE IMPLEMENTATION IN 2024.

    Expenses $5,811,109 · Grants $773,725

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nicole McDonald

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Erica Barbosa

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Todd Khozein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Anthony Jewett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sarah Owen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
23 September 2024
IRS schema version
2023v5.0
Source object
202423179349308667

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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