The Solution Lab Inc
- Assets
- $90.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2015
- Data as of
- 12/2022
- EIN
- 37-1737545
Organization Overview
The Solution Lab Inc is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (U20) the organization is classified as: General Science, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solution Lab 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 12/2022, Solution Lab Inc generated $78.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $61.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Orlowski Chairperson & C.e.o. | 20 | $4,167 | |
Eric Schafler Treasurer & Secretary | 5 | $0 | |
Stefanie Mazlish Board Member & Outgoing C.e.o. | 20 | $42,000 | |
Saskia Houwing Board Member | 1 | $0 | |
Kate Rochlin Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,164 |
| Total Program Service Revenue | $74,482 |
| Membership dues | $0 |
| Investment income | $11 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $78,657 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $46,167 |
| Professional fees and other payments to independent contractors | $1,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $40 |
| Other expenses | $13,874 |
| Total expenses | $61,081 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $72,469 |
| Other assets | $0 |
| Total assets | $90,219 |
| Total liabilities | $91 |
| Net assets or fund balances | $90,128 |