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Nonprofiteer
← FEEDBACK LABS INC

Form 990 for tax year 2023

Filed by FEEDBACK LABS INC.

Totals

Total revenue
$1,866,227
Total expenses
$998,150
Contributions and grants received
$1,623,077
Grants paid
$105,750
Program service revenue
$227,292
Investment income
$14,382
Other revenue
$1,476
Total assets, end of year
$2,600,417
Total liabilities, end of year
$94,580
Net assets or fund balances, end of year
$2,505,837
Program services expenses (Part IX)
$800,696
Management and general expenses
$177,753
Fundraising expenses
$19,701
Program service expenses (Part III)
$800,696

Program services were 80.2% 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

    $1,623,077

  • 2a · Program service revenue: CONTRACTS

    total $227,292 · related or exempt $227,292

  • 3 · Investment income

    total $14,382 · excluded $14,382

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $1,476 · excluded $1,476

  • 11e · Other revenue, total

    $1,476

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $105,750 · program services $105,750

  • 5 · Compensation of officers, directors and key employees

    total $194,359 · program services $149,142 · management and general $39,854 · fundraising $5,363

  • 7 · Other salaries and wages

    total $373,372 · program services $289,321 · management and general $73,540 · fundraising $10,511

  • 8 · Pension plan contributions

    total $4,629 · program services $3,901 · management and general $568 · fundraising $160

  • 9 · Other employee benefits

    total $24,198 · program services $17,566 · management and general $6,046 · fundraising $586

  • 10 · Payroll taxes

    total $41,032 · program services $31,666 · management and general $8,205 · fundraising $1,161

  • 11b · Fees: legal

    total $299 · management and general $299

  • 11c · Fees: accounting

    total $31,495 · management and general $31,495

  • 11g · Fees: other

    total $46,669 · program services $45,718 · management and general $951

  • 12 · Advertising and promotion

    total $479 · program services $75 · management and general $404

  • 13 · Office expenses

    total $9,850 · program services $6,868 · management and general $2,787 · fundraising $195

  • 14 · Information technology

    total $10,660 · program services $7,110 · management and general $3,341 · fundraising $209

  • 16 · Occupancy

    total $16,178 · program services $12,485 · management and general $3,235 · fundraising $458

  • 17 · Travel

    total $20,937 · program services $20,495 · management and general $429 · fundraising $13

  • 19 · Conferences, conventions and meetings

    total $93,537 · program services $92,961 · management and general $576

  • 23 · Insurance

    total $3,538 · management and general $3,538

  • 24a · Other expenses: PAYROLL SERVICE FEES

    total $11,209 · program services $8,651 · management and general $2,241 · fundraising $317

  • 24b · Other expenses: MISCELLANEOUS

    total $6,583 · program services $6,444 · management and general $139

  • 24c · Other expenses: BOOKS, SUBS, & REFER.

    total $2,108 · program services $1,324 · management and general $56 · fundraising $728

  • 24d · Other expenses: PROFESSIONAL DEVELOP.

    total $1,268 · program services $1,219 · management and general $49

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $33,898 · end of year $71,189

  • 2 · Savings and temporary cash investments

    beginning of year $642,627 · end of year $1,085,909

  • 3 · Pledges and grants receivable

    beginning of year $988,858 · end of year $1,415,566

  • 4 · Accounts receivable

    end of year $11,669

  • 9 · Prepaid expenses and deferred charges

    beginning of year $693 · end of year $593

  • 15 · Other assets

    beginning of year $15,491 · end of year $15,491

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,807 · end of year $37,580

  • 19 · Deferred revenue

    beginning of year $15,000 · end of year $57,000

  • 27 · Net assets without donor restrictions

    beginning of year $339,609 · end of year $468,961

  • 28 · Net assets with donor restrictions

    beginning of year $1,298,151 · end of year $2,036,876

Mission and programs · 2023

Mission

FEEDBACK LABS' MISSION IS TO MAKE FEEDBACK THE NORM IN AID, PHILANTHROPY, NONPROFITS, AND GOVERNMENT.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • COMMUNITY: LABSTORMS/FEEDBACK SUMMIT, BLOG POSTS & MEMBERSHIP: FEEDBACK LABS OFFERS OPPORTUNITIES FOR NONPROFITS, FOUNDATIONS, AND GOVERNMENTS TO PARTICIPATE IN FEEDBACK LABS' EDUCATIONAL PROGRAMMING, SUCH AS PROBLEM-SOLVING LABSTORMS, ISSUE-SPECIFIC SUMMITS, AND FELLOWSHIP PROGRAMS. SUCH EDUCATIONAL EVENTS PROVIDE OPPORTUNITIES FOR THESE ORGANIZATIONS TO JOIN THE FEEDBACK LABS' NETWORK OF ORGANIZATIONS AND INDIVIDUALS INTERESTED IN LEARNING MORE ABOUT FEEDBACK LOOPS AND THEIR POTENTIAL TO IMPROVE CHARITIES. IN ORDER FOR FEEDBACK TO BE THE EXPECTED THING, PEOPLE NEED TO HAVE A COMMUNITY TO SUPPORT THEM IN THEIR EFFORTS, SHARE EXPERIENCES, AND HELP CREATE STANDARDS, INCENTIVES, TOOLS, ETC. TOGETHER. THIS PROGRAM AIMS TO MAINTAIN A COMMUNITY WITH SCALABLE AND SYSTEMATIC WAYS (CONTINUED ON SCHEDULE O) TO ENGAGE THROUGH A COHERENT MEMBERSHIP STRUCTURE AND TO PROVIDE MEANINGFUL BENEFITS AND ENGAGEMENTS TO COMMUNITY MEMBERS. WE CONVENE THE ABOVE ORGANIZATIONS AND HUNDREDS MORE IN LARGE MEETINGS (ANNUAL SUMMITS AND CRASH COURSE); AND FREQUENT SMALLER MEETINGS (BI-WEEKLY LABSTORMS).

    Expenses $598,327 · Grants $88,250 · Revenue $116,555

  • INCENTIVES: COLLABORATIVE RESEARCH; IRRITANTS PROGRAMMING; AND FUNDER LEARNING GROUP: SINCE OUR INCEPTION, WE HAVE WORKED WITH MAJOR FOUNDATIONS, AID AGENCIES, GOVERNMENT AGENCIES, AND IMPACT INVESTORS TO FRAME CONCEPTUAL ISSUES AND CARRY OUT RESEARCH RELATED TO FEEDBACK LOOPS. THIS HIGH LEVEL CONCEPTUAL AGENDA SUPPORTED NONPROFITS IN TAKING THEIR FIRST STEP TOWARDS NEW FEEDBACK PRACTICES AND BEHAVIORS. THE DEVELOPMENT OF THE INCENTIVES STRATEGY BUILT FROM THIS EARLY WORK. IN ORDER FOR FEEDBACK TO BECOME THE EXPECTED THING, IT NEEDS TO BE EASY TO CARRY OUT AND PEOPLE NEED TO BE REWARDED FOR DOING IT WELL. IN THIS PROGRAM, FEEDBACK LABS WORKS WITH EXISTING PLATFORMS, PHILANTHROPIC RATING SYSTEMS, AND OTHERS WORKING ON GOOD PUBLIC PRACTICE TO CREATE REWARDS FOR ORGANIZATIONS WHO ARE CARRYING OUT GOOD FEEDBACK PRACTICE.

    Expenses $117,637 · Grants $17,500 · Revenue $35,935

  • TOOLS AND TRAINING: FEEDBACK QUIZ; FEEDBACK RESOURCES & TOOLKIT; FEEDBACK WEBINARS; CRASH COURSE AND OTHER TRANINGS: FEEDBACK LABS PROMOTES EFFECTIVE FEEDBACK PRACTICES BY ENGAGING A GROWING COMMUNITY IN-PERSON AND THROUGH ONLINE FORUMS TO SUPPORT WIDESPREAD EXPERIMENTATION OF CLOSING FEEDBACK LOOPS. FEEDBACK LABS SUPPORTS PRACTICAL ACTION AND EXPERIMENTATION NEEDED TO FIGURE OUT HOW TO CLOSE THE LOOP BY CONNECTING PRACTITIONERS, RESEARCHERS, AND FUNDERS WITH TOOLS, APPROACHES, AND EACH OTHER. IN ORDER FOR FEEDBACK TO BE THE EXPECTED THING, THERE NEED TO BE EASILY ACCESSIBLE RESOURCES TO HELP PEOPLE TO DO FEEDBACK WELL. THIS PROGRAM SEEKS TO UNDERSTAND WHERE THE NEED AND DEMAND IS FOR FEEDBACK-RELATED TOOLS AND TRAININGS, TO CREATE AND CURATE TOOLS AND TRAINING TO MEET THAT(CONTINUED ON SCHEDULE O) DEMAND, AND TO COVER THE COSTS OF THESE ACTIVITIES THROUGH EARNED REVENUE. FEEDBACK LABS FURTHER DRIVES THE FEEDBACK DISCOURSE BY PROVIDING COMMON LANGUAGE AND THEORETICAL GROUNDING FOR FEEDBACK CONCEPTS. WE WORK AT SENIOR LEVELS IN AID AGENCIES, FOUNDATIONS, GOVERNMENTS, AND IMPACT INVESTORS TO ASSIST SENIOR MANAGEMENT TO DEVELOP STRATEGIES AND INCENTIVES FOR THE ADOPTION OF FEEDBACK LOOPS. WE ALSO WORK WITH FOUNDATIONS AND NONPROFITS TO SUPPORT THIS EDUCATIONAL WORK FOR THEIR GRANTEES OR STAFF, UNDER THE PREMISE THAT MORE INDIVIDUALS WITHIN ONE ORGANIZATION OR PROGRAM WHO PRACTICE FEEDBACK WILL SCALE THE IMPACT MORE QUICKLY. FINALLY, WE HOST A FEEDBACK FELLOWS PROGRAM TO HAVE A TAILORED AND SUPPORTED EXPERIENCE IN DEVELOPING AND IMPROVING THEIR FEEDBACK PRACTICE.

    Expenses $84,732 · Revenue $74,802

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

Listed in Part VII

  • BRITT LAKE

    EX-OFFICIO DIRECTOR & CEO

    Total calculated
    $194,358
    From this org
    $178,501
    From related orgs
    $0
    Other
    $15,857
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,501
    Bonus
    $0
    Other
    $0
    Deferred
    $7,163
    Nontaxable benefits
    $8,694
    Filer's total
    $194,358

  • BRYAN SIMMONS

    DIRECTOR, SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JEAN-LOUIS SARBIB

    DIRECTOR, TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DENNIS WHITTLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SABRINA HARGRAVE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALEN AMINI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HEATHER LANTHORN

    DIRECTOR (FROM 05/2023)

    Total calculated
    $0
    Hours/week
    1

  • DAVE ALGOSO

    DIRECTOR (FROM 05/2023)

    Total calculated
    $0
    Hours/week
    1

  • MEGAN CAMPBELL

    SR DIR OF PROGRAMS & STRAT

    Total calculated
    $117,792
    From this org
    $112,961
    From related orgs
    $0
    Other
    $4,831
    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 · 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

Provenance

Return type
form_990
Tax year
2023
Filed
31 October 2024
IRS schema version
2023v5.1
Source object
202433059349302278

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