Totals
- Total revenue
- $6,035,733
- Total expenses
- $5,828,181
- Contributions and grants received
- $5,828,251
- Grants paid
- $0
- Program service revenue
- $200,382
- Investment income
- $157
- Other revenue
- $6,943
- Total assets, end of year
- $4,273,461
- Total liabilities, end of year
- $350,177
- Net assets or fund balances, end of year
- $3,923,284
- Program services expenses (Part IX)
- $3,474,611
- Management and general expenses
- $1,513,855
- Fundraising expenses
- $839,715
- Program service expenses (Part III)
- $3,474,611
Program services were 59.6% 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
$5,828,251
-
2a · Program service revenue: Flow through revenue
total $200,382 · related or exempt $200,382
-
3 · Investment income
total $157 · excluded $157
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other
total $6,943 · related or exempt $6,943
-
11e · Other revenue, total
$6,943
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $673,950 · program services $339,725 · management and general $170,799 · fundraising $163,426
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $2,239,592 · program services $1,128,935 · management and general $567,578 · fundraising $543,079
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $93,721 · program services $52,756 · management and general $16,785 · fundraising $24,180
-
10 · Payroll taxes
total $190,049 · program services $98,833 · management and general $46,227 · fundraising $44,989
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $1,046,243 · program services $590,368 · management and general $428,081 · fundraising $27,794
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $65,139 · program services $21,126 · management and general $43,832 · fundraising $181
-
17 · Travel
total $685,325 · program services $550,914 · management and general $125,583 · fundraising $8,828
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $9,710 · management and general $9,710
-
24a · Other expenses: PROGRAM EXPENSES
total $368,814 · program services $364,817 · management and general $3,989 · fundraising $8
-
24b · Other expenses: MARKETING & PROMOTION
total $253,563 · program services $234,386 · management and general $2,868 · fundraising $16,309
-
24c · Other expenses: DUES AND SUBSCRIPTIONS
total $112,002 · program services $64,703 · management and general $38,413 · fundraising $8,886
-
24d · Other expenses: Professional Development
total $36,622 · program services $3,855 · management and general $32,399 · fundraising $368
-
24e · All other expenses
total $53,451 · program services $24,193 · management and general $27,591 · fundraising $1,667
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,355,401 · end of year $2,336,696
-
2 · Savings and temporary cash investments
beginning of year $1,160,526 · end of year $240,338
-
3 · Pledges and grants receivable
beginning of year $1,394,760 · end of year $1,672,456
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $27,600 · end of year $23,971
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $222,555 · end of year $70,177
-
24 · Unsecured notes and loans payable
end of year $280,000
-
27 · Net assets without donor restrictions
beginning of year $1,056,005 · end of year -$413,150
-
28 · Net assets with donor restrictions
beginning of year $2,659,727 · end of year $4,336,434
Mission and programs · 2022
Mission
Bunker Labs provides communities, programs, and courses that help military veterans and military spouses start and grow successful businesses.
-
Ambassador program-the Ambassador Program is a 12-month cohort experience for volunteer leaders who support Bunker Labs programs and impact within their local entrepreneurial ecosystems. The program is designed to empower volunteers to grow as community leaders while meaningfully impacting the lives of veteran and military spouse entrepreneurs. Ambassadors work directly to support their local Veterans in Residence, engage other ecosystem partners, and guide members of their local community to the necessary resources to launch and grow successful ventures. Throughout their cohort experience, Ambassadors attend in-person professional development sessions to gain and share skills and knowledge that support their leadership development and connect their local business ecosystem for the benefit of Bunker Labs entrepreneurs. The cohort of 90 Ambassadors that launched in 2021 came together for their next Fly-In convening on February 23-25 in Chicago. As part of the Bunker Labs Summit in Austin on June 8-10, the organization recognized the outgoing Ambassadors from the 2021-2022 cohort while also welcoming the incoming 2022-2023 Ambassadors cohort, which includes 90 volunteers serving 36 communities across the U.S. Later in the year, this cohort met for their second Fly-In, which the Bunker hosted in conjunction with the Military Influencer Conference (MIC) in Las Vegas from October 26-28. Between Fly-Ins, Ambassadors use the training and resources from these sessions to provide ongoing support to their local ViR cohorts, build relationships with relevant partner organizations, represent Bunker Labs at partner events, and host roundtables and networking events to grow the local Bunker Labs community. During 2022, Ambassadors hosted 31 Bunker Connect networking events, 59 ViR Showcase events, and countless other informal gatherings for Bunker Labs entrepreneurs. NB: 2022 Ambassador program revenue listed above includes $1,140,674 restricted for 2024 & 2025.
Expenses $1,293,628 · Grants $190,041 · Revenue $1,842,930
-
CEOcircle- CEOcircle is a monthly peer accountability group for growth-stage companies looking to scale. Over the course of nine virtual huddles and four in person Fly-In events, CEOs and executives can ask critical questions impacting their businesses today. Together, participants learn from peers and national experts alike how to take their companies to the next level. Additionally, CEOcircle members also gain access to dedicated liaisons and a 10-week advisor program powered by JPMorgan Chase.In November 2021, Bunker Labs launched the 2021-2022 cohort with 41 entrepreneurs participating. During 2022, this cohort gathered for their second Fly-In convening in Dallas, TX on March 13-14, and for their third Fly-In on June 7-8 as part of the Bunker Labs Summit in Austin, TX. In summer 2022, Bunker Labs opened applications for the 2022-2023 cohort of CEOcircle. 2022 entrepreneurs applied for the cohort (an 82% increase from the prior year), and the Bunker selected 80 to participate increasing the cohort size to meet this growing demand. The 2022-2023 cohort of CEOcircle also reflects the diversity of entrepreneurs in the Bunker Labs community 47% of participants are women and/or POC founders and 63% identify as service-disabled veterans. Bunker Labs hosted the last CEOcircle Fly-In event of 2022 on November 6-8 in New York City. The 2021-2022 cohort attended this event as the capstone to their 12-month experience, with the incoming cohort kicking off their year at this event allow both cohorts the opportunity to network with each other and build relevant connects other CEOs. This Fly-In featured a workshop on crafting and amplifying stories with the Armed Services Arts Partnership (ASAP), a fireside chat with Alex Gorsky (Exective Chairman, Johnson & Johnson), and sessions for the incoming cohort to get acquainted with the program format and meet in their groups for huddles, critical questions, and deep dives followed by industry breakout sessions.
Expenses $681,428 · Grants $322,883 · Revenue $535,600
-
Veterans in Residence (ViR)-Veterans in Residence (ViR)is a business incubator that provides veteran and military spouse entrepreneurs and business owners with coworking space, a local community, a national business network, and targeted support to grow their businesses. Delivered bi-annually nationwide (in-person and online), ViR follows a cohort-based impact model that fosters an entrepreneurial learning environment that acknowledges and celebrates participants shared ethos shaped by their military service experience. ViR programming consists of weekly huddles, monthly masterclasses, industry meetups, coordinated mentorship sessions, and a capstone Showcase event. Entrepreneurs in the program are paired with accountability partners (battle buddies), and program participation and completion is evaluated by progress made towards goal(s) set by the entrepreneurs. Entrepreneurs set goals, encourage (self and peer) accountability and quick implementation of program module learnings. Technical assistance delivered throughout the program supports entrepreneurs in identifying (or refining) product-market fit allowing entrepreneurs to solve business challenges at a faster rate and increase opportunities for securing revenue, capital, and other business opportunities. During the first half of 2022, Bunker Labs served 216 entrepreneurs across 23 cities and 3 virtual cohorts as part of ViR cohort 22A. Between July and December, the program expanded to serve 305 entrepreneurs in 34 cities and 5 virtual cohorts as part of ViR cohort 22B. This growth reflects the continued increase in program applications in 2022, with 740 applications for 22A and 860 for 22B, a 43% increase in annual applications compared to 2021. The 2022 cohorts also reflect the diversity of the Bunker Labs community, with 52% of participants identifying as non-white.At the end of each cohort period, Bunker Labs brings together the outgoing and incoming ViR cohorts in each city for a Showcase event. The Bunker Labs Veterans in Residence Showcase is both a graduation and passing of the torch between the veteran and military spouse entrepreneurs of our outgoing and incoming cohorts. It's also a nationwide opportunity for local business leaders and key personnel to meet, celebrate, and support emerging entrepreneurs in their region. During 2022, the Bunker hosted a total of 59 Showcase events between cohorts 22A and 22B, with a total of 3,140 registered attendees.
Expenses $660,357 · Grants $636,787 · Revenue $93,230
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Joseph Herold
Chief Oper Ofc
- Total calculated
- $204,083
- From this org
- $198,333
- From related orgs
- $0
- Other
- $5,750
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $152,083
- Bonus
- not reported
- Other
- $46,250
- Deferred
- not reported
- Nontaxable benefits
- $5,750
- Filer's total
- $204,083
-
Blake Hogan
Chief Exec Ofc
- Total calculated
- $196,900
- From this org
- $190,000
- From related orgs
- $0
- Other
- $6,900
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $190,000
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $6,900
- Filer's total
- $196,900
-
Becca Keaty
Chief Development Officer
- Total calculated
- $156,900
- From this org
- $150,000
- From related orgs
- $0
- Other
- $6,900
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $150,000
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $6,900
- Filer's total
- $156,900
-
Jenny Hans
Dir Corp Giving
- Total calculated
- $130,575
- From this org
- $130,575
- From related orgs
- $0
- Other
- $0
- Hours/week
- 45
-
Devin Sizer
Dir NP Strategies
- Total calculated
- $118,900
- From this org
- $118,900
- From related orgs
- $0
- Other
- $0
- Hours/week
- 45
-
Reginold Ordonez
Chief Oper Ofc
- Total calculated
- $116,067
- From this org
- $116,067
- From related orgs
- $0
- Other
- $0
- Hours/week
- 55
-
Xavier Clarke
Dir Ambass Prgm
- Total calculated
- $115,650
- From this org
- $115,650
- From related orgs
- $0
- Other
- $0
- Hours/week
- 45
-
Elizabeth Marion
Dir CEOcircle Prg
- Total calculated
- $106,900
- From this org
- $106,900
- From related orgs
- $0
- Other
- $0
- Hours/week
- 45
-
Sayers Brittany Burgess
Dir Partner Eng
- Total calculated
- $101,900
- From this org
- $101,900
- From related orgs
- $0
- Other
- $0
- Hours/week
- 45
-
Lenore Karafa
President
- Total calculated
- $0
- Hours/week
- 2
-
Charlotte Coker Gibson
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Kelly Perdew
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Tim Hsia
Director
- Total calculated
- $0
- Hours/week
- 2
-
France Hoang
Director
- Total calculated
- $0
- Hours/week
- 2
-
Todd Ohlms
Director
- Total calculated
- $0
- Hours/week
- 2
-
Kim Jung
Director
- Total calculated
- $0
- Hours/week
- 2
-
Padden Murphy
Director
- Total calculated
- $0
- Hours/week
- 2
-
Raj Shah
Director
- Total calculated
- $0
- Hours/week
- 2
-
Nikki Hartung
Director
- Total calculated
- $0
- Hours/week
- 2
-
John Morris
Director
- Total calculated
- $0
- Hours/week
- 2
-
Fred Deese
Director
- Total calculated
- $0
- Hours/week
- 2
-
Traug Keller
Director
- Total calculated
- $0
- Hours/week
- 2
-
Vince Stewart
Director
- Total calculated
- $0
- Hours/week
- 2
-
Charlynda Scales
Director
- Total calculated
- $0
- Hours/week
- 2
-
Stacey Nash
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. 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 · Form 990 of other organizations
- 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
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
- 26 July 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342079349301504
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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