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Nonprofiteer
← THE CHARACTER LAB INC

Form 990 for tax year 2023

Filed by THE CHARACTER LAB INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 20 October 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$4,443,136 changed to $0
Total expenses
$8,614,594 changed to $523,078
Contributions and grants received
$4,182,097 changed to $0
Grants paid
$25,000 changed to $0
Program service revenue
$35,870 changed to $0
Investment income
$225,169 changed to $0
Total assets, end of year
$1,794,829 changed to $0
Total liabilities, end of year
$1,271,751 changed to $0
Net assets or fund balances, end of year
$523,078 changed to $0
Program services expenses
$6,995,721 changed to $0
Management and general expenses
$1,494,799 changed to $523,078
Fundraising expenses
$124,074 changed to $0
Program service expenses (Part III)
$6,995,721 changed to not reported

Listed only on the earlier return

  • Dave Hersh
  • David Torres
  • Jim Schroder
  • Jim Shelton
  • Tara Taylor

Listed under a different title

  • Angela Duckworth: CO-FOUNDER, CHIEF SCIENTIS then COFOUNDR CHF SCIENT (THRU 8/31/24)
  • Bridget Terry Long: DIRECTOR then DIRECTOR (THRU 8/31/24)
  • Christopher North: TREASURER then TREASURER (THRU 8/31/24)
  • Luis Von Ahn: CHAIRMAN then CHAIRMAN (THRU 8/31/24)
  • Piyush Tantia: VICE CHAIR then VICE CHAIR (THRU 8/31/24)

Totals

Total revenue
$4,443,136
Total expenses
$8,614,594
Contributions and grants received
$4,182,097
Grants paid
$25,000
Program service revenue
$35,870
Investment income
$225,169
Other revenue
$0
Total assets, end of year
$1,794,829
Total liabilities, end of year
$1,271,751
Net assets or fund balances, end of year
$523,078
Program services expenses (Part IX)
$6,995,721
Management and general expenses
$1,494,799
Fundraising expenses
$124,074
Program service expenses (Part III)
$6,995,721

Program services were 81.2% 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

    $4,182,097

  • 1g · Noncash contributions included above

    $865,707

  • 2a · Program service revenue: RESEARCH SERVICES

    total $35,870 · related or exempt $35,870

  • 3 · Investment income

    total $225,821 · excluded $225,821

  • 7a · Gross sales of assets other than inventory

    securities $865,707

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

    securities $866,359

  • 7c · Gain or loss

    securities -$652

  • 7d · Net gain or loss

    total -$652 · excluded -$652

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $25,000 · program services $25,000

  • 5 · Compensation of officers, directors and key employees

    total $681,292 · program services $233,058 · management and general $389,969 · fundraising $58,265

  • 7 · Other salaries and wages

    total $2,046,612 · program services $1,797,823 · management and general $199,838 · fundraising $48,951

  • 8 · Pension plan contributions

    total $70,488 · program services $55,705 · management and general $12,655 · fundraising $2,128

  • 9 · Other employee benefits

    total $108,758 · program services $65,212 · management and general $39,674 · fundraising $3,872

  • 10 · Payroll taxes

    total $216,541 · program services $148,644 · management and general $61,281 · fundraising $6,616

  • 11b · Fees: legal

    total $23,210 · program services $22,685 · management and general $525

  • 11c · Fees: accounting

    total $123,721 · management and general $123,721

  • 11g · Fees: other

    total $1,050,124 · program services $1,045,715 · management and general $2,800 · fundraising $1,609

  • 12 · Advertising and promotion

    total $198,307 · program services $193,423 · management and general $4,124 · fundraising $760

  • 13 · Office expenses

    total $81,629 · program services $56,462 · management and general $25,630 · fundraising -$463

  • 14 · Information technology

    total $141,223 · program services $126,994 · management and general $14,229

  • 16 · Occupancy

    total $46,806 · program services $34,479 · management and general $10,453 · fundraising $1,874

  • 17 · Travel

    total $50,790 · program services $51,020 · management and general -$726 · fundraising $496

  • 23 · Insurance

    total $30,752 · management and general $30,786 · fundraising -$34

  • 24a · Other expenses: TRANSITION EXPENSES - G

    total $2,165,531 · program services $2,159,531 · management and general $6,000

  • 24b · Other expenses: TRANSITION EXPENSES - O

    total $1,440,516 · program services $878,526 · management and general $561,990

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $113,294 · program services $101,444 · management and general $11,850

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $250,000 · end of year $1,776,608

  • 2 · Savings and temporary cash investments

    beginning of year $4,643,611

  • 3 · Pledges and grants receivable

    beginning of year $238,703 · end of year $18,221

  • 9 · Prepaid expenses and deferred charges

    beginning of year $334,995

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

    $187,252

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

    $187,252

  • 10c · Land, buildings and equipment, net

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

  • 17 · Accounts payable and accrued expenses

    beginning of year $284,194 · end of year $1,271,751

  • 19 · Deferred revenue

    beginning of year $572,704

  • 27 · Net assets without donor restrictions

    beginning of year $4,694,536 · end of year $523,078

Mission and programs · 2023

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 SOUGHT TO CREATE GREATER KNOWLEDGE ABOUT THE CONDITIONS THAT LEAD TO WELL-BEING FOR YOUNG PEOPLE THROUGHOUT THE COUNTRY.IN 2023-2024, CHARACTER LAB REACHED THE FOLLOWING MILESTONES:-FACILITATED 503 STUDIES TO DATE-HELPED RESEARCHERS PUBLISH 53 ARTICLES IN LEADING JOURNALS-COMPLETED PRODUCTION OF CHARACTER BUILDING VIDEOS WITH TED-ED, AT HTTPS://ED.TED.COM/BUILD-CHARACTER-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) SUPPORTED 150 YOUNG PEOPLE PROVIDING YOUTH VOICE TO RESEARCH

    Expenses $6,995,721 · Grants $25,000 · Revenue $35,870

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

Listed in Part VII

  • Luis Von Ahn

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Christopher North

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Piyush Tantia

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Angela Duckworth

    CO-FOUNDER, CHIEF SCIENTIS

    Total calculated
    $0
    Hours/week
    1

  • Bridget Terry Long

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Shelton

    DIRECTOR, LEFT 10/31/23

    Total calculated
    $0
    Hours/week
    1

  • Dave Hersh

    CEO

    Total calculated
    $252,921
    From this org
    $226,233
    From related orgs
    $0
    Other
    $26,688
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,233
    Bonus
    $0
    Other
    $0
    Deferred
    $10,202
    Nontaxable benefits
    $16,486
    Filer's total
    $252,921

  • Jim Schroder

    DIRECTOR, FINANCE AND OPERATIONS

    Total calculated
    $154,214
    From this org
    $146,723
    From related orgs
    $0
    Other
    $7,491
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,723
    Bonus
    $0
    Other
    $0
    Deferred
    $6,117
    Nontaxable benefits
    $1,374
    Filer's total
    $154,214

  • David Torres

    DIRECTOR, REVENUE OPERATION

    Total calculated
    $151,483
    From this org
    $137,499
    From related orgs
    $0
    Other
    $13,984
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,499
    Bonus
    $0
    Other
    $0
    Deferred
    $5,868
    Nontaxable benefits
    $8,116
    Filer's total
    $151,483

  • Tara Taylor

    DIRECTOR, EXPERIENCE & TECHNOLOGY

    Total calculated
    $131,947
    From this org
    $117,796
    From related orgs
    $0
    Other
    $14,151
    Hours/week
    40

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2023
Filed
25 September 2024
IRS schema version
2023v5.1
Source object
202402709349300345

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