Civic Intelligence

K12 Lean Labs

990EZ • Fiscal year 2015 • EIN 46-5291428

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 24, 2016

Organization Profilewww.k12leanlabs.org
5147 7th Avenue SouthBirmingham, AL 35212

(512) 751-9561

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

42nd percentile

0.1%

Higher net margin than 42% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

6th percentile

-61%

Faster asset growth than 6% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

56th percentile

4.9%

Faster revenue growth than 56% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$174

Down $271 (-61%) from 2014

Net Assets

$174

No earlier filing loaded for comparison.

Liabilities

Down

$0

Down $306 (-100%) from 2014

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin42nd percentile

Revenue

Up

$28,561

Up $1,339 (+4.9%) from 2014

Expenses

Up

$28,526

Up $1,443 (+5.3%) from 2014

Net Income

Down

$35

Down $104 (-75%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$30K$20K$10K$0Assets 2014: $445Liabilities 2014: $3062014Assets 2015: $174Liabilities 2015: $0Net Assets 2015: $1742015Assets 2016: $20,056Liabilities 2016: $0Net Assets 2016: $20,0562016Assets 2017: $19,016Liabilities 2017: $0Net Assets 2017: $19,0162017Assets 2018: $10,526Liabilities 2018: $0Net Assets 2018: $10,5262018

Highlighted filing

2015

Assets$174
Liabilities$0
Net Assets$174
Open 2015 Filing

Operations Trend

Revenue Growth56th percentile

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

$30K$20K$10K$0-$10KRevenue 2014: $27,222Expenses 2014: $27,083Net Income 2014: $1392014Revenue 2015: $28,561Expenses 2015: $28,526Net Income 2015: $352015Revenue 2016: $20,944Expenses 2016: $1,062Net Income 2016: $19,8822016Revenue 2017: $55Expenses 2017: $1,095Net Income 2017: -$1,0402017Revenue 2018: $2,805Expenses 2018: $11,295Net Income 2018: -$8,4902018

Highlighted filing

2015

Revenue$28,561
Expenses$28,526
Net Income$35
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 24, 2016
Return Version
2015v2.0
Gross Receipts
$28,561
Mission and Program Overview

Mission

K12 lean labs is a birmingham, al based organization committed to delivering innovative entrepreneurship programs and curriculum to improve public education across the state of alabama. K12 lean lab's vision is to become the singular organization in alabama where educators, entrepreneurs, and business/technology professionals meet to answer the toughest questions facing k-12 education. K12 lean labs executes this strategy by supporting entrepreneurship programs and curriculum in alabama public schools. In 2014, yel licensed the nationally recognized lemonade day program. Lemonade day is an experiential program that teaches students the concepts of entrepreneurship through building their own lemonade stand business.

k12 Lean Labs is a Birmingham, AL based organization committed to delivering innovative entrepreneurship programs and curriculum to improve public education across the state of Alabama. k12 Lean Lab's vision is to become the singular organization in Alabama where educators, entrepreneurs, and business/technology professionals meet to answer the toughest questions facing K-12 education.k12 Lean Labs executes this strategy by supporting entrepreneurship programs and curriculum in Alabama public schools. In 2014, k12 Lean Labs licensed the nationally recognized Lemonade Day Program. Lemonade Day is an experiential program that teaches students the concepts of entrepreneurship through building their own lemonade stand business.

Program Services

DescriptionGrantsExpenses
In late 2014, responding to a demand for greater innovation in education programs, services, and technologies, k12 Lean Labs began development of a K-12 incubator for innovative education programs and aspiring entrepreneurs. This new program is focused on identifying, developing, and launching innovative programs that can positively impact students across Alabama. It is a place for educators, parents, and students alike to develop, prototype, test, and launch BIG IDEAS!$25,571-
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael Millsap JrExecutive DirectorFT$0--
Martin Andrew NallsDirector-$0--
James W CarpenterDirector-$0--
Filing and Contact Details

Filer

Filer Name
k12 Lean Labs
EIN
46-5291428
Phone
5127519561
Address
5147 7th Avenue South, Birmingham, AL 35212

Signing Officer

Name
Michael Millsap Jr
Title
Executive Director
Signed
2016-10-24
Discuss with paid preparer
Yes

Preparer

Firm
WM Peters Company LLC
Address
2900 6th Avenue South, Birmingham, AL 35233
Preparer
William M Peters Jr CPA
Phone
2055470762
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $116”

Other Expenses.1007

“Conferences, Conventions, and Meetings $2655”

Other Expenses.1

“Supplies $1701”

Other Expenses.2

“Payroll Expense $858”

Other Expenses.3

“Bank Charges $799”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $50 Accounts Payable and Accrued Expenses - Ending $0”

Total Liabilities.1

“Payroll Liabilities - Beginning $256 Payroll Liabilities - Ending $0”

Raw XML Appendix143 raw XML fields

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

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Birmingham
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd035212
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0445
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0174
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IRS990EZ/ContributionsGiftsGrantsEtcAmt028561
IRS990EZ/CostOfGoodsSoldAmt00
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IRS990EZ/ExcessOrDeficitForYearAmt035
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt07858
IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
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IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
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IRS990EZ/NetAssetsOrFundBalancesEOYAmt0174
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Michael Millsap Jr
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Martin Andrew Nalls
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2James W Carpenter
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Executive Dir.
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt06129
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0k12 Lean Labs is a Birmingham, AL based organization committed to delivering innovative entrepreneurship programs and curriculum to improve public education across the state of Alabama. k12 Lean Lab's vision is to become the singular organization in Alabama where educators, entrepreneurs, and business/technology professionals meet to answer the toughest questions facing K-12 education.k12 Lean Labs executes this strategy by supporting entrepreneurship programs and curriculum in Alabama public schools. In 2014, k12 Lean Labs licensed the nationally recognized Lemonade Day Program. Lemonade Day is an experiential program that teaches students the concepts of entrepreneurship through building their own lemonade stand business.
IRS990EZ/PrintingPublicationsPostageAmt0186
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0In late 2014, responding to a demand for greater innovation in education programs, services, and technologies, k12 Lean Labs began development of a K-12 incubator for innovative education programs and aspiring entrepreneurs. This new program is focused on identifying, developing, and launching innovative programs that can positively impact students across Alabama. It is a place for educators, parents, and students alike to develop, prototype, test, and launch BIG IDEAS!
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt025571
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt014353
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0306
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt028526
IRS990EZ/TotalProgramServiceExpensesAmt025571
IRS990EZ/TotalRevenueAmt028561
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.k12leanlabs.org
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt028561
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt027222
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt055783
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt016256
IRS990ScheduleA/SubstantialContributorsTotAmt039527
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt028561
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt027222
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt055783
IRS990ScheduleA/TotalSupportAmt055783
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $116
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conferences, Conventions, and Meetings $2655
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Supplies $1701
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Payroll Expense $858
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Bank Charges $799
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Accounts Payable and Accrued Expenses - Beginning $50 Accounts Payable and Accrued Expenses - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Payroll Liabilities - Beginning $256 Payroll Liabilities - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1007
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Total Liabilities.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Total Liabilities.1
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Michael Millsap Jr
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0k12 Lean Labs
ReturnHeader/Filer/BusinessNameControlTxt0K12L
ReturnHeader/Filer/EIN0465291428
ReturnHeader/Filer/PhoneNum05127519561
ReturnHeader/Filer/USAddress/AddressLine1Txt05147 7th Avenue South
ReturnHeader/Filer/USAddress/CityNm0Birmingham
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd035212
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WM Peters Company LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02900 6th Avenue South
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Birmingham
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd035233
ReturnHeader/PreparerPersonGrp/PhoneNum02055470762
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0William M Peters Jr CPA
ReturnHeader/ReturnTs02016-11-29T07:21:16-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$174
Liabilities
$0
Net assets
$174
Revenue
$28,561
Expenses
$28,526
Net income
$35
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$10.5$0.00$10.5$2.81$11.3$8.49
2017Detailed filing. Detailed filing data is available for this year.$19.0$0.00$19.0$0.06$1.10$1.04
2016Detailed filing. Detailed filing data is available for this year.$20.1$0.00$20.1$20.9$1.06$19.9
2015Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$28.6$28.5$0.04
2014Summary only. Only limited summary data is available for this year.$0.45$0.31$27.2$27.1$0.14