Civic Intelligence

Labfour Career Training Institute

990 • Fiscal year 2023 • EIN 26-4178652

Jan 01, 2023 to Dec 31, 2023

Organization ProfilelABFOUR.COM
1255 Lynnfield RdMemphis, TN 38119

(901) 261-1111

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.23x

Higher debt load relative to assets than 70% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

76th percentile

0.38x

Higher debt load relative to revenue than 76% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

10th percentile

-33%

Higher net margin than 10% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

85th percentile

$157,846

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 11.2% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

34th percentile

-0.5%

Faster asset growth than 34% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

7th percentile

-48%

Faster revenue growth than 7% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets70th percentile

Assets

Down

$2,306,278

Down $11,874 (-0.5%) from 2022

Net Assets

Down

$1,765,144

Down $382,525 (-18%) from 2022

Liabilities

Up

$541,134

Up $370,651 (+217%) from 2022

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin10th percentile

Revenue

Down

$1,411,726

Down $1,299,745 (-48%) from 2022

Expenses

Down

$1,882,401

Down $1,468,056 (-44%) from 2022

Net Income

Up

-$470,675

Up $168,311 (+26%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021Assets 2022: $2,318,152Liabilities 2022: $170,483Net Assets 2022: $2,147,6692022Assets 2023: $2,306,278Liabilities 2023: $541,134Net Assets 2023: $1,765,1442023

Highlighted filing

2023

Assets$2,306,278
Liabilities$541,134
Net Assets$1,765,144
Open 2023 Filing

Operations Trend

Revenue Growth7th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $1,647,738Expenses 2016: $1,625,537Net Income 2016: $22,2012016Revenue 2017: $2,137,302Expenses 2017: $2,135,450Net Income 2017: $1,8522017Revenue 2018: $2,548,405Expenses 2018: $2,232,171Net Income 2018: $316,2342018Revenue 2019: $295,898Expenses 2019: $2,073,139Net Income 2019: -$1,777,2412019Revenue 2020: $4,715,809Expenses 2020: $2,697,140Net Income 2020: $2,018,6692020Revenue 2021: $5,875,670Expenses 2021: $3,896,568Net Income 2021: $1,979,1022021Revenue 2022: $2,711,471Expenses 2022: $3,350,457Net Income 2022: -$638,9862022Revenue 2023: $1,411,726Expenses 2023: $1,882,401Net Income 2023: -$470,6752023

Highlighted filing

2023

Revenue$1,411,726
Expenses$1,882,401
Net Income-$470,675
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 31, 2026
Return Version
2023v6.0
Gross Receipts
$1,411,726
Mission and Program Overview

Mission

Lab four mission is to become a key workforce development partner in three ways by providing the be best possible tech training to help business become more successful

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,250,251$1,118,763▼ $131,488
Accounts Receivable$707,078$502,611▼ $204,467
Cash and Non-Interest-Bearing Accounts$223,354$21,751▼ $201,603
Intangible Assets-$7,433-
Total Assets$2,318,152$2,306,278▼ $11,874
Other Assets Total$137,469$655,720▲ $518,251
Liabilities
Accounts Payable and Accrued Expenses$170,483$397,780▲ $227,297
Other Liabilities-$143,354-
Total Liabilities$170,483$541,134▲ $370,651
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,147,669$1,765,144▼ $382,525
Total Net Assets Fund Balance$2,147,669$1,765,144▼ $382,525
Total Liabilities and Net Assets / Fund Balance$2,318,152$2,306,278▼ $11,874

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,084,694$473,362$1,558,056
Equipment$34,069$24,913$58,982
Other Assets Org$286,708--
Other Securities$137,469--
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tony OkhiraPresidentFT$157,846$157,846
Stephnie OkhirDirectorFT$41,262$41,262
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,411,726
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-470,675

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,238,866
Revenue Not Reported on Form 990
$172,860
Total Revenue per Audited Statements
$1,411,726
Total Revenue per Form 990
$1,238,866
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,107,392
Salaries, Compensation, and Employee Benefits$775,009
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$575,901--$575,901
Occupancy-$265,551-$265,551
All Other Expenses-$232,633-$232,633
Depreciation Depletion-$218,629-$218,629
Current Officers, Directors, Trustees, and Key Employees$199,108--$199,108
Other Expenses$64,961--$64,961
Advertising-$56,824-$56,824
Travel-$51,521-$51,521
Information Technology-$48,801-$48,801
Office Expenses-$27,416-$27,416
Insurance-$20,953-$20,953
Interest-$8,835-$8,835
Fees for Services Management-$733-$733
Total Functional Expenses$950,505$931,896$0$1,882,401

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,882,401
Expenses per Audited Statements$1,794,251
Total Expenses per Form 990$1,794,251
Expenses Not Reported on Form 990$88,150
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$286,708
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI 11B

“The organization Executive Director reviews the 990 prior to submitting to IRS.”

part VI line 8A and 8B

“minutes are recorded at each board meeting”

part VI line 12C

“The board of directors monitor and enforce compliance with the organization conflict of interest policy”

Part VI line 15A

“Board of directors regularly review salary of officer and key employees. Salaries are compared to market”

Filing and Contact Details

Filer

Filer Name
Lab Four Professional Developm
EIN
26-4178652
Address
1255 LYNNFIELD RD, MEMPHIS, TN 38119

Signing Officer

Name
Tony Okhira
Title
President
Phone
9013011442
Signed
2026-03-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tony Okhira
Voting Board Members
1
Independent Board Members
0
Employees
19

Preparer

Firm
James E Powers
Address
4466 ELVIS PRESLEY BLVD SUITE 211, MEMPHIS, TN 38116
Preparer
James E Powers
Phone
9017446636
Supplemental Narrative

Additional Explanations

part IX line 24E

“Operations 32,251:Reimbursements 5,500;Repairs 11,607; Telephone Internet 10,127: Dues 18,566; Classroom 18,698 Taxes 5,418;job supplies 51,025;Utilities 20,758”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0lABFOUR.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TONY OKHIRA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09013011442
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-03-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAB FOUR PROFESSIONAL DEVELOPM
ReturnHeader/Filer/BusinessNameControlTxt0LABF
ReturnHeader/Filer/EIN0264178652
ReturnHeader/Filer/USAddress/AddressLine1Txt01255 LYNNFIELD RD
ReturnHeader/Filer/USAddress/CityNm0MEMPHIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038119
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621475585
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JAMES E POWERS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04466 ELVIS PRESLEY BLVD SUITE 211
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038116
ReturnHeader/PreparerPersonGrp/PhoneNum09017446636
ReturnHeader/PreparerPersonGrp/PreparationDt02026-03-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES E POWERS
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02026-03-31T17:06:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,306,278
Liabilities
$541,134
Net assets
$1,765,144
Revenue
$1,411,726
Expenses
$1,882,401
Net income
-$470,675
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$2.31$0.54$1.77$1.41$1.88$0.47
2022Detailed filing. Detailed filing data is available for this year.$2.32$0.17$2.15$2.71$3.35$0.64
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$5.88$3.90$1.98
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$4.72$2.70$2.02
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.30$2.07$1.78
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$2.55$2.23$0.32
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$2.14$2.14$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.65$1.63$0.02