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Nonprofiteer
← THE CHARACTER LAB INC

Form 990 for tax year 2022

Filed by THE CHARACTER LAB INC.

Totals

Total revenue
$6,497,664
Total expenses
$5,610,847
Contributions and grants received
$6,452,665
Grants paid
$0
Program service revenue
$37,081
Investment income
$7,918
Other revenue
$0
Total assets, end of year
$5,551,434
Total liabilities, end of year
$856,898
Net assets or fund balances, end of year
$4,694,536
Program services expenses (Part IX)
$4,465,884
Management and general expenses
$983,722
Fundraising expenses
$161,241
Program service expenses (Part III)
$4,465,884

Program services were 79.6% 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

    $6,452,665

  • 1g · Noncash contributions included above

    $843,754

  • 2a · Program service revenue: RESEARCH SERVICES

    total $37,081 · related or exempt $37,081

  • 3 · Investment income

    total $9,223 · excluded $9,223

  • 7a · Gross sales of assets other than inventory

    securities $841,820

  • 7b · Less cost or other basis and sales expenses

    securities $843,125

  • 7c · Gain or loss

    securities -$1,305

  • 7d · Net gain or loss

    total -$1,305 · excluded -$1,305

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $563,418 · program services $377,133 · management and general $181,331 · fundraising $4,954

  • 7 · Other salaries and wages

    total $1,951,281 · program services $1,538,806 · management and general $305,015 · fundraising $107,460

  • 8 · Pension plan contributions

    total $68,481 · program services $54,648 · management and general $9,536 · fundraising $4,297

  • 9 · Other employee benefits

    total $170,545 · program services $115,089 · management and general $46,864 · fundraising $8,592

  • 10 · Payroll taxes

    total $170,740 · program services $127,116 · management and general $36,569 · fundraising $7,055

  • 11b · Fees: legal

    total $52,197 · program services $50,438 · management and general $1,759

  • 11c · Fees: accounting

    total $139,554 · management and general $139,554

  • 11g · Fees: other

    total $1,475,847 · program services $1,349,406 · management and general $123,001 · fundraising $3,440

  • 12 · Advertising and promotion

    total $392,130 · program services $361,946 · management and general $13,588 · fundraising $16,596

  • 13 · Office expenses

    total $116,951 · program services $117,612 · management and general -$1,679 · fundraising $1,018

  • 14 · Information technology

    total $262,069 · program services $233,002 · management and general $29,067

  • 16 · Occupancy

    total $82,262 · program services $57,872 · management and general $21,011 · fundraising $3,379

  • 17 · Travel

    total $38,793 · program services $25,011 · management and general $9,954 · fundraising $3,828

  • 23 · Insurance

    total $29,165 · management and general $29,165

  • 24a · Other expenses: PROFESSIONAL DEVELOPMEN

    total $97,414 · program services $57,805 · management and general $38,987 · fundraising $622

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,893,062 · end of year $250,000

  • 2 · Savings and temporary cash investments

    beginning of year $1,421,354 · end of year $4,643,611

  • 3 · Pledges and grants receivable

    beginning of year $17,500 · end of year $238,703

  • 9 · Prepaid expenses and deferred charges

    beginning of year $349,506 · end of year $334,995

  • 10a · Land, buildings and equipment: cost or other basis

    $114,243

  • 10b · Land, buildings and equipment: accumulated depreciation

    $30,118

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $84,125

  • 17 · Accounts payable and accrued expenses

    beginning of year $291,868 · end of year $284,194

  • 19 · Deferred revenue

    beginning of year $581,835 · end of year $572,704

  • 27 · Net assets without donor restrictions

    beginning of year $3,307,719 · end of year $4,694,536

  • 28 · Net assets with donor restrictions

    beginning of year $500,000 · end of year $0

Mission and programs · 2022

Mission

CHARACTER LAB ADVANCES SCIENTIFIC INSIGHTS THAT HELP KIDS THRIVE.

Activities or mission (Part I)

CHARACTER LAB ADVANCES SCIENTIFIC INSIGHTS THAT HELP KIDS THRIVE

  • BY CONNECTING RESEARCHERS WITH EDUCATORS, CHARACTER LAB SEEKS TO CREATE GREATER KNOWLEDGE ABOUT THE CONDITIONS THAT LEAD TO WELL-BEING FOR YOUNG PEOPLE THROUGHOUT THE COUNTRY. TO LEARN MORE, GO TO WWW.CHARACTERLAB.ORG.IN 2022-2023, CHARACTER LAB REACHED THE FOLLOWING MILESTONES:-FACILITATED 485 STUDIES TO DATE-HELPED RESEARCHERS PUBLISH OVER 50 ARTICLES IN LEADING JOURNALS-PARTNERED WITH HOPELAB AND COMMON SENSE MEDIA TO CO-CREATE A NATIONWIDE SURVEY ON TEENAGE SOCIAL MEDIA USAGE AND MENTAL HEALTH-CHARACTER LAB INTERNSHIP PROGRAM (CLIP) WELCOMED 150 YOUNG PEOPLE TO OUR NEXT COHORT-SPEARHEADED DISCUSSIONS ON YOUTH VOICE AT EVENTS BY LEADING INSTITUTIONS SUCH AS THE INTERNATIONAL SOCIETY FOR TECHNOLOGY IN EDUCATION (ISTE), SXSW EDUCATION, AND AMERICAN EDUCATIONAL RESEARCH ASSOCIATION (AERA)

    Expenses $4,465,884 · Revenue $37,081

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sean Talamas

    EXECUTIVE DIRECTOR

    Total calculated
    $290,606
    From this org
    $267,059
    From related orgs
    $0
    Other
    $23,547
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $267,059
    Bonus
    $0
    Other
    $0
    Deferred
    $11,129
    Nontaxable benefits
    $12,418
    Filer's total
    $290,606
  • Elliot Luscombe

    PARTNER, STRATEGIC PARTNERSHIPS

    Total calculated
    $153,371
    From this org
    $136,105
    From related orgs
    $0
    Other
    $17,266
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $107,845
    Bonus
    $0
    Other
    $28,260
    Deferred
    $5,444
    Nontaxable benefits
    $11,822
    Filer's total
    $153,371
  • Jim Schroder

    PARTNER, FINANCE, OPS AND STRATEGY

    Total calculated
    $142,186
    From this org
    $134,179
    From related orgs
    $0
    Other
    $8,007
    Hours/week
    40
  • Meg Foran

    PARTNER, SCHOOL PARTNERSHIPS

    Total calculated
    $141,627
    From this org
    $124,346
    From related orgs
    $0
    Other
    $17,281
    Hours/week
    40
  • Tara Taylor

    PARTNER, DESIGN THINKING

    Total calculated
    $139,939
    From this org
    $114,136
    From related orgs
    $0
    Other
    $25,803
    Hours/week
    40
  • David Torres

    PARTNER, REVENUE OPERATIONS

    Total calculated
    $129,906
    From this org
    $111,562
    From related orgs
    $0
    Other
    $18,344
    Hours/week
    40
  • Dave Levin

    CO-FOUNDER AND DIRECTOR

    Total calculated
    $40,000
    From this org
    $40,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Dave Hersh

    CEO

    Total calculated
    $30,505
    From this org
    $26,128
    From related orgs
    $0
    Other
    $4,377
    Hours/week
    40
  • Luis Von Ahn

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Christopher North

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Dominic Randolph

    CO-FOUNDER AND BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Piyush Tantia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Angela Duckworth

    CO-FOUNDER, CHIEF SCIENTIST

    Total calculated
    $0
    Hours/week
    1
  • Jackie Bezos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bridget Terry Long

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jim Shelton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS DURING CALENDAR YEAR 2022: MEGAN FORAN - $27,522 ELLIOT LUSCOMBER - $28,260

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
11 October 2023
IRS schema version
2022v5.0
Source object
202302869349301515

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