Lean Global Network Inc
- Assets
- $773.8k
- Revenue
- $308.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 09/2009
- Data as of
- 06/2022
- EIN
- 26-1222440
Organization Overview
Lean Global Network Inc is located in Boston, MA. The organization was established in 2009. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lean Global Network Inc 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 06/2022, Lean Global Network Inc generated $308.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $212.1k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND ENABLE THE DISSEMINATION, TEACHING, AND PROMOTION OF LEAN PRINCIPLES THROUGHOUT THE WORLD AND THE DEVELOPMENT OF LEAN LEADERS VIA A NETWORK OF INSTITUTES, KNOWN AS AFFILIATES, WHO PROMOTE AND ADVANCE LEAN THINKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISH AND OPERATE PLANET-LEAN.COM, AN ONLINE PLATFORM DEDICATED TO PROMOTING, INSPIRING, AND EDUCATING COMPANIES ABOUT LEAN THINKING AND PRACTICE. BY DISTRIBUTING FREE CONTENT, THE PLATFORM AIMS TO ENHANCE THE UNDERSTANDING AND IMPLEMENTATION OF LEAN PRINCIPLES ACROSS VARIOUS INDUSTRIES. THE PRIMARY PURPOSE OF THIS INITIATIVE IS TO ENABLE BUSINESSES TO BECOME MORE EFFICIENT, EFFECTIVE, AND SUSTAINABLE, ULTIMATELY LEADING TO INCREASED PRODUCTIVITY, REDUCED WASTE, AND IMPROVED COMPETITIVENESS.
THE LEAN GLOBAL NETWORK (LGN) RAISED FUNDS TO SUPPORT ITS MEMBER LEAN INSTITUTE IN UKRAINE, WHICH WAS AFFECTED BY THE ONGOING CONFLICT IN THE COUNTRY. THE INSTITUTE SERVES AS A HUB FOR LEAN THINKING AND EDUCATION IN THE REGION. LGN RECOGNIZED THE IMPORTANCE OF SUPPORTING THE INSTITUTE DURING THIS CHALLENGING TIME, AND IT LAUNCHED A FUNDRAISING CAMPAIGN TO RAISE THE NECESSARY FUNDS.
HOSTED A 24-HOUR FREE VIRTUAL EVENT THAT FEATURED PRESENTATIONS AND CASE STUDIES FROM COMPANIES THAT ARE SUCCESSFULLY IMPLEMENTING LEAN PRACTICES. THIS EVENT WAS ATTENDED BY THOUSANDS OF PEOPLE FROM AROUND THE WORLD, AND IT PROVIDED THEM WITH VALUABLE INSIGHTS AND INSPIRATION ON HOW TO APPLY LEAN PRINCIPLES IN THEIR OWN ORGANIZATIONS. LGN'S INVESTMENT IN THIS EVENT HELPED TO ADVANCE ITS MISSION OF PROMOTING THE ADOPTION AND IMPLEMENTATION OF LEAN THINKING ACROSS INDUSTRIES AND GEOGRAPHIES, AND IT DEMONSTRATES THE ORGANIZATION'S COMMITMENT TO PROVIDING VALUABLE RESOURCES AND OPPORTUNITIES TO ITS MEMBERS AND THE WIDER COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cevdet Ozdogan Executive Committee Member | Trustee | 1 | $0 |
David Brunt Director | Trustee | 1 | $0 |
Denise Bennett Executive Committee Member | Trustee | 1 | $0 |
Flavio Picchi Director | Trustee | 1 | $0 |
Josh Howell Executive Committee Member | Trustee | 1 | $0 |
Marcus Chao Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lean Enterprise Institute Coaching Fees | 6/29/20 | $380,876 |
Lean Management Instituut Inc Coaching Fees | 6/29/20 | $235,396 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $308,614 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $308,614 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,847 |
| Advertising and promotion | $0 |
| Office expenses | $1,644 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $70 |
| Total functional expenses | $212,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $508,253 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $254,257 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $11,290 |
| Other assets | $0 |
| Total assets | $773,800 |
| Accounts payable and accrued expenses | $85,908 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45,913 |
| Total liabilities | $131,821 |
| Net assets without donor restrictions | $641,979 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $773,800 |