Labc Institute
- Assets
- $470.9k
- Revenue
- $775.7k
- Investments
- $0.0
- Employees
- 8
- Location
- Los Angeles, CA
- Founding
- 03/2010
- Data as of
- 06/2023
- EIN
- 27-1485429
Organization Overview
Labc Institute is located in Los Angeles, CA. The organization was established in 2010. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Labc Institute employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Labc 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 06/2023, Labc Institute generated $775.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $789.4k during the year ending 06/2023. While expenses have increased by 5.2% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PAGE 2 FOR MISSION STATEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT/ACADEMIC RESEARCH/SMALL BUSINESS PROCUREMENT - LABC INSTITUTE CONDUCTS RESEARCH TO SUPPORT IT'S MISSION AND PROMOTE SUSTAINABLE DEVELOPMENT AND NURTURE HEALTHY COMMUNITIES IN LOS ANGELES.
WORKFORCE/ INTERNATIONAL TRADE/MEMBERSHIP EVENTS/COMMUNITY OUTREACH/ROOFTOP SOLAR/MEMBERSHIP/LABC INSTITUTE ADMIN FEE- LABC INSTITUTE CONDUCTS ROUNDTABLES AND SUPPORTS AND HOSTS EVENTS TO PROMOTE INTERNATIONAL TRADE AND WORKFORCE DEVELOPMENT AS WELL AS EDUCATION AND OUTREACH FOR THE SOLAR FIT.
MAYORAL HOUSING TRANSPORTATION & JOBS SUMMIT - AN ADVOCACY AND AWARENESS PROGRAM TO PROMOTE ACCEPTABLE JOBS - HOUSING BALANCE WITHIN THE CITY OF LOS ANGELES USING OPPORTUNITIES AROUND TRANSIT ORIENTED DEVELOPMENT. SUSTAINABILITY SUMMIT AN ADVOCACY AND COMMUNITY AWARENESS PROGRAM TO PROMOTE SUSTAINABLE DEVELOPMENT AND BEST PRACTICES IN THE CITY OF LOS ANGELES IN AREAS OF AFFORDABLE HOUSING, PUBLIC TRANSPORTATION, UTILIZATION OF RENEWABLE ENERGY, AND THE CREATION OF ENVIRONMENTALLY FRIENDLY JOBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Fink Sustainability Policy Director | 40 | $104,167 | |
Mary Leslie President | Officer | 40 | $10,000 |
David Sears Treasurer | OfficerTrustee | 0.5 | $0 |
Richard Ziman Founding & Vice Chair | OfficerTrustee | 0.5 | $0 |
Thomas Flintoft Vice Chair | OfficerTrustee | 0.5 | $0 |
Antonio Manning Vice Chair | OfficerTrustee | 0.5 | $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 | $775,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $775,000 |
| Total Program Service Revenue | $0 |
| Investment income | $683 |
| 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 | $775,683 |
| 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. | $62,000 |
| Compensation of current officers, directors, key employees. | $49,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $310,180 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,088 |
| Payroll taxes | $29,326 |
| Fees for services: Management | $30,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,953 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,503 |
| Advertising and promotion | $51,500 |
| Office expenses | $30,129 |
| Information technology | $19,827 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,268 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,533 |
| Insurance | $5,376 |
| All other expenses | $165,692 |
| Total functional expenses | $789,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $263,870 |
| Savings and temporary cash investments | $195,683 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $11,368 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $470,921 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $470,921 |
| 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 | $470,921 |