Lean Lab
- Assets
- $647.4k
- Revenue
- $718.0k
- Investments
- $0.0
- Employees
- 13
- Location
- Kansas City, MO
- Founding
- 11/2014
- Data as of
- 12/2022
- EIN
- 47-1489862
Organization Overview
Lean Lab, operating under the name Lean Lab Education, is located in Kansas City, MO. The organization was established in 2014. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Lean Lab Education employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lean Lab Education 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, Lean Lab Education generated $718.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.3% each year . All expenses for the organization totaled $1.5m during the year ending 12/2022. 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
THE LEAN LAB IS A KANSAS CITY-BASED COMMUNITY THAT LAUNCHES TRANSFORMATIONAL EDUCATION INNOVATIONS THAT HAVE NATIONAL IMPACT. THE LEAN LAB CATALYZES, SUPPORTS, AND DEVELOPS EDUCATION INNOVATORS WHO BUILD TRANSFORMATIONAL EDUCATION SOLUTIONS IN THE FORM OF TECHNOLOGIES, SERVICES, AND NEW SCHOOL MODELS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEANLAB HOSTS ONGOING COMMUNITY CONVENING EVENTS FOR PARENTS, STUDENTS, EDUCATORS AND INNOVATORS INTERESTED IN INNOVATING TO BETTER PUBLIC SCHOOLS WITHIN THE KANSAS CITY, MISSOURI REGION. THESE EVENTS TAKE THE FORM OF SMALL FOCUS GROUPS, MONTHLY MEETUPS, AND AN ANNUAL LISTENING TOUR WITH THE GOAL OF IDENTIFYING COMMUNITY NEEDS FOR INNOVATION, AND CULTIVATING AN INNOVATION MINDSET WITHIN THE REGIONAL COMMUNITY.
IMPLEMENTATION AND OTHER
WE ARE A NONPROFIT ORGANIZATION THAT SPECIALIZES IN CODESIGN RESEARCH BETWEEN EDUCATION TECHNOLOGY COMPANIES AND SCHOOLS. WE MATCH PARENTS, LEARNERS, AND EDUCATORS WITH EDTECH DEVELOPERS TO INFORM, DEVELOP, AND EVALUATE THE NEXT GENERATION OF CLASSROOM TOOLS. WE STUDY HOW WELL EDTECH TOOLS WORK IN REAL CLASSROOM ENVIRONMENTS, AND CONNECT PROMISING EDTECH SOLUTIONS WITH RESOURCES TO SUPPORT ACCELERATING THEIR IMPACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Boody Executive Di | Officer | 40 | $161,367 |
Kirsten Brown Director | Trustee | 2 | $0 |
Edith Gummer Director | Trustee | 2 | $0 |
Michael Mcshane Director | Trustee | 2 | $0 |
Subashini Nadarajah Director | Trustee | 2 | $0 |
Brandi Spates Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,887 |
| All other contributions, gifts, grants, and similar amounts not included above | $531,748 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $590,635 |
| Total Program Service Revenue | $126,953 |
| Investment income | $431 |
| 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 | $718,019 |
| 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 | $868,712 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $78,242 |
| Payroll taxes | $64,933 |
| Fees for services: Management | $5,225 |
| Fees for services: Legal | $9,048 |
| Fees for services: Accounting | $69,418 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,109 |
| Advertising and promotion | $3,620 |
| Office expenses | $6,944 |
| Information technology | $13,157 |
| Royalties | $0 |
| Occupancy | $15,243 |
| Travel | $26,674 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $81,141 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,023 |
| All other expenses | $110 |
| Total functional expenses | $1,493,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $626,014 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,500 |
| 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 | $134 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $795 |
| Total assets | $647,443 |
| Accounts payable and accrued expenses | $3,332 |
| 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 | $65 |
| Total liabilities | $3,397 |
| Net assets without donor restrictions | $462,483 |
| Net assets with donor restrictions | $181,563 |
| 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 | $647,443 |