B Lab Company

Organization Overview

B Lab Company is located in Berwyn, PA. The organization was established in 2008. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, B Lab Company employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. B Lab Company is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, B Lab Company generated $19.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $18.0m during the year ending 12/2021. While expenses have increased by 11.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE PART III, LINE 1.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO EDUCATE AND ENCOURAGE BUSINESS OWNERS ACROSS INDUSTRIES TO MEASURE AND IMPROVE THEIR SOCIAL AND ENVIRONMENTAL IMPACT USING THE B IMPACT ASSESSMENT ONLINE ASSESSMENT TOOL. THESE PROGRAMS INCLUDE: (1) CERTIFICATION OF B CORPORATIONS: B CORPS ARE COMPANIES THAT MEET RIGOROUS STANDARDS OF SOCIAL AND ENVIRONMENTAL PERFORMANCE, TRANSPARENCY, AND ACCOUNTABILITY AND ARE THE LEADERS OF THE GLOBAL MOVEMENT TO USE BUSINESS AS A FORCE FOR GOOD. (2) IMPACT MANAGEMENT: HELPING ALL COMPANIES MANAGE THEIR IMPACT ON THE PEOPLE, COMMUNITIES AND ECOSYSTEMS THEY TOUCH, VIA THE B IMPACT ASSESSMENT AND SDG ACTION MANAGER. (3) POLICY FRAMEWORKS: PROMOTING AND SUPPORTING ADOPTION OF A NEW CORPORATE FORM, THAT REMOVES IMPEDIMENTS TO CREATING SOCIAL BENEFIT ALONGSIDE VALUE. B LAB LEVERAGES THESE EMERGING SECTOR OF CONSUMERS, INVESTORS AND ENTREPRENEURS ON WAYS TO JOIN THE GLOBAL MOVEMENT TO IMPROVE SOCIAL AND ENVIRONMENTAL IMPACT.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Finsbury Glover Hering
Strategic Advisory Services
$261,000
Korn Ferry
Executive Recruiting
$164,300
Provoc Inc
Marketing & Communications
$152,949
Sense Lab
Strategic Advisory Services
$123,135
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,935,126
All other contributions, gifts, grants, and similar amounts not included above$5,517,225
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$8,452,351
Total Program Service Revenue$8,479,679
Investment income $13,436
Tax Exempt Bond Proceeds $0
Royalties $2,052,382
Net Rental Income $0
Net Gain/Loss on Asset Sales -$4,760
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $18,993,326

Grants Recieved

Over the last fiscal year, we have identified 14 grants that B Lab Company has recieved totaling $2,764,927.

Awarding OrganizationAmount
Ford Foundation

New York, NY

PURPOSE: GENERAL SUPPORT AND FOR CORE SUPPORT FOR INSTITUTIONAL STRENGTHENING

$1,000,000
New Venture Fund

Washington, DC

PURPOSE: CAPACITY BUILDING

$392,500
Just Capital Foundation Inc

New York, NY

PURPOSE: IMPERATIVE 21

$272,206
Omidyar Network Fund Inc

Redwood City, CA

PURPOSE: GENERAL OPERATING SUPPORT

$225,000
Omidyar Network Fund Inc

Redwood City, CA

PURPOSE: GENERAL OPERATING SUPPORT

$225,000
Kendeda Fund

Wilmington, DE

PURPOSE: EXTERNAL AFFAIRS AND PUBLIC RELATIONS

$200,000
View Grant Recipient Profile

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