Civic Hall Labs Inc
- Assets
- $496.0k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2015
- Data as of
- 09/2021
- EIN
- 47-4897004
Organization Overview
Civic Hall Labs Inc is located in New York, NY. The organization was established in 2015. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Civic Hall Labs 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 09/2021, Civic Hall Labs Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $1.7m during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE COLLABORATIVELY DESIGN, BUILD & PILOT TECHNOLOGY FOR THE PUBLIC GOOD (& HELP OTHERS DO THE SAME)
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Rasiej CEO & Founder | OfficerTrustee | 40 | $0 |
Michael Bassik Board Chair & Treasurer | OfficerTrustee | 1 | $0 |
Kenneth Brezenoff Gen. Counsel & VP Strat. Init. | Officer | 1 | $0 |
Christine Mcmahon President And CEO | Officer | 1 | $0 |
Carol Khoury CFO | Officer | 1 | $0 |
Jennifer Vento Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baker Hostetler Legal Fees | 12/30/20 | $155,808 |
The Turett Collaborative Architect | 12/30/20 | $228,419 |
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 | $50,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $0 |
| 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 | $1,095,942 |
| 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. | $150,000 |
| Compensation of current officers, directors, key employees. | $37,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $301,756 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,476 |
| Payroll taxes | $34,032 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $147,371 |
| Fees for services: Accounting | $32,597 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $115,123 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $7,572 |
| Royalties | $0 |
| Occupancy | $186,250 |
| Travel | $0 |
| 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 | $4,030 |
| All other expenses | $168,937 |
| Total functional expenses | $1,723,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $442,244 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,300 |
| 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 | $3,476 |
| Net Land, buildings, and equipment | $30,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $496,020 |
| Accounts payable and accrued expenses | $202,224 |
| 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 | $1,418,632 |
| Total liabilities | $1,620,856 |
| Net assets without donor restrictions | -$1,124,836 |
| 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 | $496,020 |
Grants Awarded
Over the last fiscal year, Civic Hall Labs Inc has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Forest Hills, NY PURPOSE: PRODUCT AND PROGRAM DEVELOPMENT ASSISTANCE | $15,000 |
NESTERLY PURPOSE: PRODUCT AND PROGRAM DEVELOPMENT ASSISTANCE | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Civic Hall Labs Inc has recieved totaling $500,000.
| Awarding Organization | Amount |
|---|---|
Ford Foundation New York, NY PURPOSE: CORE SUPPORT FOR THE DIGITAL LEARNING CENTER, TO ENSURE THAT NEW YORKS UNDERSERVED COMMUNITIES GAIN NEW ACCESS TO TECHNICAL TRAINING OPPORTUNITIES AND PUBLIC INTEREST TECHNOLOGY NETWORKS | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Economic Opportunity Council Of Suffolk Inc Patchogue, NY | $6,210,341 | $18,971,000 |
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,668,111 | $17,307,586 |
Integrated Community Alternatives Network Inc Utica, NY | $14,279,832 | $19,265,883 |
Northern Manhattan Improvement Corp New York, NY | $8,451,430 | $18,004,122 |
Veterans Inc Worcester, MA | $18,236,837 | $18,440,204 |
Pennreach Allentown, NJ | $5,187,786 | $15,924,501 |
Chautauqua Opportunities Inc Dunkirk, NY | $6,065,142 | $15,802,051 |
Commission On Economic Opportunity For The Rensselaer County Area Inc Troy, NY | $18,234,515 | $14,616,169 |
Phipps Neighborhoods Inc New York, NY | $46,342,034 | $30,198,997 |
Delaware Opportunities Inc Hamden, NY | $6,012,612 | $14,102,184 |
Liberty Lutheran Housing Development Corporation State College, PA | $52,974,358 | $15,701,429 |
Painters District Council No 4 S U B Fund Cheektowaga, NY | $33,742,384 | $15,066,465 |