Jff Labs Inc
- Assets
- $16.2m
- Revenue
- $652.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- Data as of
- 09/2022
- EIN
- 90-2050199
Organization Overview
Jff Labs Inc is located in Boston, MA. Jff 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
JFFLABS PROVIDES A CRITICAL CONNECTION BETWEEN TRADITIONAL SYSTEMS AND NEW TECHNOLOGY, FINANCIAL MODELS, AND FORWARD-LEANING LEADERS. TOGETHER, WE ADDRESS THE CHALLENGES TO ECONOMIC ADVANCEMENT FACED BY STUDENTS, WORKERS, AND THE BUSINESSES AND SYSTEMS THAT SERVE THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JFF LABS, INC. IDENTIFIES, DEVELOPS, INVESTS AND SCALES WORKFORCE AND EDUCATION INNOVATIONS AND TECHNOLOGIES TO BENEFIT LOW-INCOME INDIVIDUALS, COMMUNITIES AND THE PUBLIC AT LARGE. ITS GOAL IS TO CREATE POSITIVE CHANGE IN EDUCATION AND WORKFORCE SYSTEMS AND ULTIMATELY CREATE ECONOMIC ADVANCEMENT OPPORTUNITIES FOR THE INDIVIDUALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Flynn CEO & Clerk | OfficerTrustee | 1 | $0 |
Tod Loofbourrow President | Trustee | 1 | $0 |
Guy Patton Treasurer | Trustee | 1 | $0 |
Brian Dixon Director | Trustee | 1 | $0 |
Kristina Francis Executive Director | Officer | 20 | $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 | $571,000 |
| Noncash contributions included in lines 1a–1f | $420,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $571,000 |
| Total Program Service Revenue | $0 |
| Investment income | $81,448 |
| 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 | $652,448 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,258 |
| 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 | $627,870 |
| Pension plan accruals and contributions | $128,767 |
| Other employee benefits | $41,858 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $156,782 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,942 |
| Royalties | $0 |
| Occupancy | $24,308 |
| Travel | $25,194 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,943 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,351 |
| Total functional expenses | $1,959,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,974,723 |
| Savings and temporary cash investments | $0 |
| 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 | $4,352,902 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $46,494 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,868,248 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,242,367 |
| Accounts payable and accrued expenses | $259,676 |
| 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 | $11,156,185 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $174,037 |
| Total liabilities | $11,589,898 |
| Net assets without donor restrictions | $593,261 |
| Net assets with donor restrictions | $4,059,208 |
| 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 | $16,242,367 |