Labfour Career Training Institute

Organization Overview

Labfour Career Training Institute is located in Memphis, TN. The organization was established in 2016. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, Labfour Career Training Institute employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Labfour Career Training Institute 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, Labfour Career Training Institute generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 15.7% per year over the past 6 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

LAB FOUR'S MISSION IS TO BECOME A KEY WORKFORCE DEVELOPMENT PARTNER IN THREE WAYS, BY PROFIDING THE BEST POSSIBLE TECHNOLOGY TRAINING TO HELP BUSINESSES BECOME MORE SUCCESSFUL, IN PROVIDING THE SKILLS AND CREDENTIALS

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATIONAL SERVICES


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Board, Officers & Key Employees

Name (title)Compensation
Stephanie
Okhiria
$0
Saul
Mbenga
$0
Tony
Okhiria
$0
Thurman
Northcross
$0

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$5,875,670
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 $5,875,670

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Labfour Career Training Institute has recieved totaling $14,039.

Awarding OrganizationAmount
Memphis Bioworks Foundation

Memphis, TN

PURPOSE: FLOW THROUGH DOL GRANT

$14,039
View Grant Recipient Profile

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