Civic Intelligence

K12 Lean Labs

990EZ • Fiscal year 2017 • EIN 46-5291428

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 16, 2018

Organization ProfileN/A
5406 6th 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

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

1st percentile

-1891%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

35th percentile

-5.2%

Faster asset growth than 35% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$19,016

Down $1,040 (-5.2%) from 2016

Net Assets

Down

$19,016

Down $1,040 (-5.2%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin1st percentile

Revenue

Down

$55

Down $20,889 (-100%) from 2016

Expenses

Up

$1,095

Up $33 (+3.1%) from 2016

Net Income

Down

-$1,040

Down $20,922 (-105%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth35th 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

2017

Assets$19,016
Liabilities$0
Net Assets$19,016
Open 2017 Filing

Operations Trend

Revenue Growth1st 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

2017

Revenue$55
Expenses$1,095
Net Income-$1,040
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 16, 2018
Return Version
2017v2.3
Gross Receipts
$55
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'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 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-$620
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHAEL MILLSAP JRExecutive DiPT$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
5406 6TH AVENUE SOUTH, BIRMINGHAM, AL 35212

Signing Officer

Name
Michael Millsap Jr
Title
Executive Director
Phone
5127519561
Signed
2018-11-16
Discuss with paid preparer
Yes

Preparer

Firm
Wm Peters Company LLC
Address
2900 6TH AVE S, BIRMINGHAM, AL 35233-2902
Preparer
William M Peters Jr CPA
Phone
2055470762
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses conferences and conv. 500 bank fees 120 total 620”

Form 990-ez, Part III

“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'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 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.”

Form 990-ez, Part III, Line 28

“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”

Form 990-ez, Part V, Line 34

“The name of the organization has been changed from k12 lean labs to the entrepreneur collective. Whitney wright and nicole carpenter have been added as directors and martin nalls and james carpenter have been removed as directors.”

Raw XML Appendix128 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES CONFERENCES AND CONV. 500 BANK FEES 120 TOTAL 620
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1K12 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'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 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN 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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE NAME OF THE ORGANIZATION HAS BEEN CHANGED FROM K12 LEAN LABS TO THE ENTREPRENEUR COLLECTIVE. WHITNEY WRIGHT AND NICOLE CARPENTER HAVE BEEN ADDED AS DIRECTORS AND MARTIN NALLS AND JAMES CARPENTER HAVE BEEN REMOVED AS DIRECTORS.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART V, LINE 34
TransferPrsnlBnftContractsDecl/DeclarationDesc0(A) DID THE ORGANIZATION, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY OR INDERECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT? - NO (B) DID THE ORGANIZATION, DURING THE YEAR, PAY PREMIUMS, DIRECTLY OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT? - NO
ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/Filer/PhoneNum05127519561
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ReturnHeader/FilingSecurityInformation/IPTm011:20:58
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0462989367
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02900 6TH AVE S
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ReturnHeader/PreparerPersonGrp/PhoneNum02055470762
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM M PETERS JR CPA
ReturnHeader/ReturnTs02018-11-16T11:20:58-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,016
Liabilities
$0
Net assets
$19,016
Revenue
$55
Expenses
$1,095
Net income
-$1,040
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