Liabilities / Assets
42nd percentile
Higher debt load relative to assets than 42% of similar nonprofits.
EIN 47-1474802 • 501(c)3 • Chicago, IL
Profile
Bunker Labs provides communities, programs, and courses that help military veterans and military spouses start and grow successful businesses.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
42nd percentile
Higher debt load relative to assets than 42% of similar nonprofits.
Liabilities / Revenue
40th percentile
Higher debt load relative to revenue than 40% of similar nonprofits.
Net Margin
15th percentile
Higher net margin than 15% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
9th percentile
Faster asset growth than 9% of similar nonprofits.
Revenue Growth
5th percentile
Faster revenue growth than 5% of similar nonprofits.
Assets
Down$3,446,480
Down $826,981 (-19%) from 2022
Liabilities
Down$118,180
Down $231,997 (-66%) from 2022
Net Assets
Down$3,328,300
Down $594,984 (-15%) from 2022
Revenue
Down$3,163,264
Down $2,872,469 (-48%) from 2022
Expenses
Down$3,758,248
Down $2,069,933 (-36%) from 2022
Net Income
Down-$594,984
Down $802,536 (-387%) from 2022
Most recent year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.
Bunker Labs provides communities, programs, and courses that help military veterans and military spouses start and grow successful businesses.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Pledges and Grants Receivable | $1,672,456 | $2,254,403 | ▲ $581,947 |
| Cash and Non-Interest-Bearing Accounts | $2,336,696 | $1,071,829 | ▼ $1,264,867 |
| Savings and Temporary Cash Investments | $240,338 | $60,596 | ▼ $179,742 |
| Prepaid Expenses and Deferred Charges | $23,971 | $59,652 | ▲ $35,681 |
| Accounts Receivable | - | $0 | - |
| Other Notes and Loans Receivable, Net | - | $0 | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | - | $0 | - |
| Investments Program Related | - | $0 | - |
| Investments in Publicly Traded Securities | - | $0 | - |
| Land, Buildings, and Equipment, Net | - | $0 | - |
| Intangible Assets | - | $0 | - |
| Inventories for Sale or Use | - | $0 | - |
| Total Assets | $4,273,461 | $3,446,480 | ▼ $826,981 |
| Other Assets Total | - | $0 | - |
| Liabilities | |||
| Unsecured Notes Loans Payable | $280,000 | - | - |
| Accounts Payable and Accrued Expenses | $70,177 | $118,180 | ▲ $48,003 |
| Total Liabilities | $350,177 | $118,180 | ▼ $231,997 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $4,336,434 | $3,285,876 | ▼ $1,050,558 |
| Net Assets Without Donor Restrictions | $-413,150 | $42,424 | ▲ $455,574 |
| Total Net Assets Fund Balance | $3,923,284 | $3,328,300 | ▼ $594,984 |
| Total Liabilities and Net Assets / Fund Balance | $4,273,461 | $3,446,480 | ▼ $826,981 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Blake Hogan | Chief Exec Ofc | FT | $196,900 | $25,000 | $221,900 |
| Becca Keaty | Chief Development Officer | FT | $207,188 | $10,000 | $217,188 |
| Reginold Ordonez | Chief Oper Ofc | FT | $156,692 | $15,000 | $171,692 |
| Jenny Hans | Director Corp Giving | FT | $129,400 | - | $129,400 |
| Devin Sizer | Director NP Strategies | FT | $125,900 | - | $125,900 |
| Elizabeth Marion | Director CEOcircle Prg | FT | $112,900 | - | $112,900 |
| Xavier Clarke | Director Ambass Prgm | FT | $112,900 | - | $112,900 |
| Name | Title |
|---|---|
| Lenore Karafa | President |
| Charlynda Scales | Director |
| Elizabeth Gore | Director |
| Fred Deese | Director |
| Lewis Runnion | Director |
| Nikki Hartung | Director |
| Stacey Nash | Director |
| Tim Hsia | Director |
| Todd Connor | Director |
| Vince Stewart | Director |
| Charlotte Coker Gibson | Secretary |
| Kelly Perdew | Treasurer |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Sikich LLP | Consulting | 1415 W Diehl Rd, Naperville, IL 60563 | $135,370 |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $2,288,669 |
| Other Expenses | $1,469,579 |
| Total Fundraising Expense | $696,346 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $627,210 | $143,825 | $320,844 | $1,091,879 |
| Other Salaries and Wages | $476,593 | $109,288 | $243,798 | $829,679 |
| Fees for Services Other | $458,215 | $341,088 | $25,725 | $825,028 |
| Travel | $217,637 | $12,910 | $10,423 | $240,970 |
| Other Employee Benefits | $141,624 | $25,508 | $52,659 | $219,791 |
| Payroll Taxes | $86,794 | $19,860 | $40,666 | $147,320 |
| Occupancy | $21,859 | $16,261 | - | $38,120 |
| Other Expenses | $12,359 | $5,606 | $258 | $18,223 |
| All Other Expenses | $13,748 | $2,723 | - | $16,471 |
| Insurance | - | $10,290 | - | $10,290 |
| Interest | $3,909 | - | - | $3,909 |
| Total Functional Expenses | $2,336,811 | $725,091 | $696,346 | $3,758,248 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $4,780,261 |
| Expenses per Audited Statements | $3,758,248 |
| Total Expenses per Form 990 | $3,758,248 |
| Expenses Not Reported on Form 990 | $1,022,013 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| Todd Connor | Founder | Advisory Services | No | $17,344 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
“The form 990 was provided to the organization, reviewed by finance team and coo, and made available to the governing board.”
“The conflict of interest policy notes that any board member or staff member who fails to discloseactual or possible conflict will be subject to the corrective actions of the board and/or leadership team.”
“AVAILABLE UPON REQUEST”
“OTHER PROGRAM SERVICES 4: USAA 100 Year Celebration-In 2022, USAA celebrated its 100th anniversary by partnering with Bunker Labs to host a nationwide series of pitch competitions. 42 startups competed in six regional pitch competitions held between March and September 2022, in Austin, Los Angeles, Washington, D.C., Chicago, Seattle, and Charlotte. The series culminated with the final event in San Antonio on November 10, where the winner from each regional event pitched alongside four wildcards selected from the regional events. A total of $280,000 was awarded to regional and final event winners throughout 2022. The events also provided a platform for competitors to connect with USAAs investment team, corporate leaders who could become customers, and outside investors invited to attend. NB: Revenue for this special project was recorded in 2021. OTHER PROGRAM SERVICES 5: Breaking Barriers in Entrepreneurship (BBiE) workshop series- Breaking Barriers in Entrepreneurship is a virtual workshop series that facilitates business growth and support within Asian-American Pacific Islander, Black, Latinx, and female veteran and military spouse communities. The eight-week program is designed to create an immediate impact for early- to growth-stage businesses by providing access to business tools, resources, capital opportunities, mentorship, and a peer network. During 2022, Bunker Labs served 256 entrepreneurs through 16 small group cohorts of BBiE. NB: 2022 BBiE revenue listed above includes $839,681 awarded in 2022 but restricted for after 2022, with $225,472 of those funds restricted for 2024 & 2025. OTHER PROGRAM SERVICES 6: Other Programs”
“There was no change in oversight process or selection process during the year”
“The Organization uses the term flow through funding to refer to funds granted to the Organization for the explicit purpose of being distributed to military veteran/military spouse entrepreneurs as prizes for pitch competitions. During 2022, the Organization secured a total of $200,000 in pitch prize funding to be paid across multiple events. Of these funds, $30,000 were released from donor restriction within 2022 at completion of the relevant pitch event and prize distribution. The donor restrictions for the remaining $170,000 have not been met as of December 31, 2022.”
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/Desc | 0 | Ambassador program-the Ambassador Program is a 12-month cohort experience for volunteer leaders who support Bunker Labs programs and impact within their local entrepreneurial ecosystems. The program is designed to empower volunteers to grow as community leaders while meaningfully impacting the lives of veteran and military spouse entrepreneurs. Ambassadors work directly to support their local Veterans in Residence, engage other ecosystem partners, and guide members of their local community to the necessary resources to launch and grow successful ventures. Throughout their cohort experience, Ambassadors attend in-person professional development sessions to gain and share skills and knowledge that support their leadership development and connect their local business ecosystem for the benefit of Bunker Labs entrepreneurs. The cohort of 90 Ambassadors that launched in 2021 came together for their next Fly-In convening on February 23-25 in Chicago. As part of the Bunker Labs Summit in Austin on June 8-10, the organization recognized the outgoing Ambassadors from the 2021-2022 cohort while also welcoming the incoming 2022-2023 Ambassadors cohort, which includes 90 volunteers serving 36 communities across the U.S. Later in the year, this cohort met for their second Fly-In, which the Bunker hosted in conjunction with the Military Influencer Conference (MIC) in Las Vegas from October 26-28. Between Fly-Ins, Ambassadors use the training and resources from these sessions to provide ongoing support to their local ViR cohorts, build relationships with relevant partner organizations, represent Bunker Labs at partner events, and host roundtables and networking events to grow the local Bunker Labs community. During 2022, Ambassadors hosted 31 Bunker Connect networking events, 59 ViR Showcase events, and countless other informal gatherings for Bunker Labs entrepreneurs. NB: 2022 Ambassador program revenue listed above includes $1,140,674 restricted for 2024 & 2025. |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Devin Sizer |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Xavier Clarke |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Elizabeth Marion |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | Lenore Karafa |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | Charlotte Coker Gibson |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | Kelly Perdew |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | Tim Hsia |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | Vince Stewart |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | Charlynda Scales |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | Nikki Hartung |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | Stacey Nash |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | Fred Deese |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | Lewis Runnion |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 17 | Todd Connor |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 18 | Elizabeth Gore |
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| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | CEOcircle- CEOcircle is a monthly peer accountability group for growth-stage companies looking to scale. Over the course of nine virtual huddles and four in person Fly-In events, CEOs and executives can ask critical questions impacting their businesses today. Together, participants learn from peers and national experts alike how to take their companies to the next level. Additionally, CEOcircle members also gain access to dedicated liaisons and a 10-week advisor program powered by JPMorgan Chase.In November 2021, Bunker Labs launched the 2021-2022 cohort with 41 entrepreneurs participating. During 2022, this cohort gathered for their second Fly-In convening in Dallas, TX on March 13-14, and for their third Fly-In on June 7-8 as part of the Bunker Labs Summit in Austin, TX. In summer 2022, Bunker Labs opened applications for the 2022-2023 cohort of CEOcircle. 2022 entrepreneurs applied for the cohort (an 82% increase from the prior year), and the Bunker selected 80 to participate increasing the cohort size to meet this growing demand. The 2022-2023 cohort of CEOcircle also reflects the diversity of entrepreneurs in the Bunker Labs community 47% of participants are women and/or POC founders and 63% identify as service-disabled veterans. Bunker Labs hosted the last CEOcircle Fly-In event of 2022 on November 6-8 in New York City. The 2021-2022 cohort attended this event as the capstone to their 12-month experience, with the incoming cohort kicking off their year at this event allow both cohorts the opportunity to network with each other and build relevant connects other CEOs. This Fly-In featured a workshop on crafting and amplifying stories with the Armed Services Arts Partnership (ASAP), a fireside chat with Alex Gorsky (Exective Chairman, Johnson & Johnson), and sessions for the incoming cohort to get acquainted with the program format and meet in their groups for huddles, critical questions, and deep dives followed by industry breakout sessions. |
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