Yarnlabs
- Assets
- $203.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 11
- Location
- Wellesley, MA
- Founding
- 11/2018
- Data as of
- 12/2021
- EIN
- 83-0638683
Organization Overview
Yarnlabs is located in Wellesley, MA. The organization was established in 2018. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Yarnlabs employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yarnlabs 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, Yarnlabs generated $136.0 in total revenue.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
IN 2020, YARNLABS SUPPORTED TWO PROJECT GROUPS, THE ALGORITHMIC JUSTICE LEAGUE AND THE KNOWLEDGE FUTURES GROUP. YARNLABS HELPED THE ALGORITHMIC JUSTICE LEAGUE OBTAIN GRANT FUNDS FOR 2020-2021 FROM FOUR DIFFERENT FOUNDATIONS, THE MACARTHUR FOUNDATION, THE FORD FOUNDATION, THE ROCKEFELLER FOUNDATION AND SLOAN FOUNDATION. AS A RESULT OF YARNLABSS DECISION TO DISSOLVE THE FISCAL SPONSORSHIP RELATIONSHIPS WITH THE TWO PROJECTS WERE TERMINATED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samantha Bates Dir. Com. & Adm | 1.5 | $0 | |
Colin Raney President | 1.5 | $0 | |
Morgan Binswanger Treasurer | 1.5 | $0 | |
Michelle Kydd Lee Secretary | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $136 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $136 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $23,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $992 |
| Total expenses | $23,992 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $203,297 |
| Other assets | $0 |
| Total assets | $203,297 |
| Total liabilities | $0 |
| Net assets or fund balances | $203,297 |
Grants Awarded
Over the last fiscal year, Yarnlabs has awarded $113,412 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: Innovation Information Initiative | $57,412 |
Cambridge, MA PURPOSE: Innovation Information Initiative | $56,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Yarnlabs has recieved totaling $675,000.
| Awarding Organization | Amount |
|---|---|
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF ALGORITHMIC JUSTICE LEAGUE. | $250,000 |
Ford Foundation New York, NY PURPOSE: CORE SUPPORT FOR THE ALGORITHMIC JUSTICE LEAGUE TO CONDUCT RESEARCH AND INCREASE PUBLIC AND POLICYMAKER AWARENESS OF THE RISKS AND HARMS OF ARTIFICIAL INTELLIGENCE ON SOCIETY THROUGH CREATIVE SCIENCE COMMUNICATION PROJECTS | $200,000 |
Ford Foundation New York, NY PURPOSE: CORE SUPPORT FOR THE ALGORITHMIC JUSTICE LEAGUE TO CONDUCT RESEARCH AND INCREASE PUBLIC AND POLICYMAKER AWARENESS OF THE RISKS AND HARMS OF ARTIFICIAL INTELLIGENCE ON SOCIETY THROUGH CREATIVE SCIENCE COMMUNICATION PROJECTS | $200,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF THE ALGORITHMIC JUSTICE LEAGUE'S PARTICIPATION IN THE 2020 SUNDANCE FILM FESTIVAL. | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Object Management Group Inc Milford, MA | $2,365,622 | $6,803,088 |
New York City Industrial Technology Assistance Corporation New York, NY | $2,890,075 | $3,091,612 |
Metro Iaf Inc Jamaica, NY | $14,740,906 | $11,706,994 |
Long Island Builders Institute Inc Islandia, NY | $791,681 | $1,652,443 |
Callahan Management Training Center Inc Syracuse, NY | $786,025 | $1,731,889 |
Builders Exchange Inc Rochester, NY | $3,756,209 | $1,721,485 |
Vision Ed Inc Brooklyn, NY | $327,242 | $1,213,822 |
Empire State Supervisors & Administrators Association Lincolndale, NY | $610,477 | $805,943 |
International Caterers Association Educational Foundation Staten Island, NY | $957,406 | $726,001 |
Vermont Fuel Dealers Association Berlin, VT | $796,983 | $550,367 |
Continuum Management Corporation New Haven, CT | $7,811,943 | $599,107 |
Metropolitan Business Network Inc rd Ave New York, NY | $232,441 | $208,000 |