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← COMMUNITY CREDIT LAB

Form 990 for tax year 2022

Filed by COMMUNITY CREDIT LAB.

This return was superseded by a later amendment.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 2022 , filed 22 January 2024. matched by us Only the Part I totals and the names listed in Part VII 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
$1,003,534 changed to $4,631,133
Total expenses
$17,687 changed to $110,655
Contributions and grants received
$998,584 changed to $1,168,146
Other revenue
$0 changed to $3,458,037
Total assets, end of year
$6,635,083 changed to $7,169,714
Net assets or fund balances, end of year
$4,990,416 changed to $5,525,047
Program services expenses
$3,825 changed to $96,793
Program service expenses (Part III)
$3,825 changed to $96,793

Totals

Total revenue
$1,003,534
Total expenses
$17,687
Contributions and grants received
$998,584
Grants paid
$0
Program service revenue
$0
Investment income
$4,950
Other revenue
$0
Total assets, end of year
$6,635,083
Total liabilities, end of year
$1,644,667
Net assets or fund balances, end of year
$4,990,416
Program services expenses (Part IX)
$3,825
Management and general expenses
$13,862
Fundraising expenses
$0
Program service expenses (Part III)
$3,825

Program services were 21.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • SANDHYA NAKHASI

    BOARD MEMBER/PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • RYAN GLASGO

    BOARD MEMBER/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • RODNEY FOXWORTH

    BOARD MEMBER/VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • VIVIENNE LEE

    BOARD MEMBER/SECRETARY

    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.

Schedule J

Answered yes

None.

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

The filer's explanations (Part III)

FORM 990 PART VII
BASED ON THE AFFILIATION AGREEMENT BETWEEN COMMON FUTURE AND COMMUNITY CREDIT LAB, COMMON FUTURE BECOMES THE SOLE VOTING MEMBER OF COMMUNITY CREDIT LAB. COMMON FUTURE DETERMINES THE SIZE AND COMPOSITION OF COMMUNITY CREDIT LAB BOARD OF DIRECTORS.

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
3 May 2023
IRS schema version
2022v5.0
Source object
202331259349301878

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