Civic Intelligence

The Lean Lab Inc Lean Lab Education

990 • Fiscal year 2021 • EIN 47-1489862

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 25, 2022

1475 Walnut StreetKansas City, MO 64106

(913) 636-5918

Siviq Scores

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

Liabilities / Assets

31st percentile

0.01x

Higher debt load relative to assets than 31% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

28th percentile

0.01x

Higher debt load relative to revenue than 28% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

17th percentile

-7.6%

Higher net margin than 17% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

28th percentile

0.4%

Faster asset growth than 28% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

11th percentile

-27%

Faster revenue growth than 11% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,436,888

Up $5,240 (+0.4%) from 2020

Net Assets

Up

$1,419,616

Up $15,467 (+1.1%) from 2020

Liabilities

Down

$17,272

Down $10,227 (-37%) from 2020

Revenue

Down

$1,167,205

Down $429,556 (-27%) from 2020

Expenses

Up

$1,255,953

Up $191,740 (+18%) from 2020

Net Income

Down

-$88,748

Down $621,296 (-117%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2015: $72,815Net Assets 2015: $72,8152015Assets 2016: $147,185Liabilities 2016: $0Net Assets 2016: $147,1852016Assets 2017: $200,763Liabilities 2017: $0Net Assets 2017: $200,7632017Assets 2018: $323,187Liabilities 2018: $1,902Net Assets 2018: $321,2852018Assets 2019: $832,174Liabilities 2019: $18,373Net Assets 2019: $813,8012019Assets 2020: $1,431,648Liabilities 2020: $27,499Net Assets 2020: $1,404,1492020Assets 2021: $1,436,888Liabilities 2021: $17,272Net Assets 2021: $1,419,6162021Assets 2022: $647,443Liabilities 2022: $3,397Net Assets 2022: $644,0462022Assets 2023: $634,172Liabilities 2023: $29,699Net Assets 2023: $604,4732023Assets 2024: $445,873Liabilities 2024: $59,555Net Assets 2024: $386,3182024Assets 2025: $1,116,262Liabilities 2025: $793,019Net Assets 2025: $323,2432025

Highlighted filing

2021

Assets$1,436,888
Liabilities$17,272
Net Assets$1,419,616

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $111,101Expenses 2015: $47,785Net Income 2015: $63,3162015Revenue 2016: $360,394Expenses 2016: $286,024Net Income 2016: $74,3702016Revenue 2017: $466,826Expenses 2017: $413,248Net Income 2017: $53,5782017Revenue 2018: $649,242Expenses 2018: $528,720Net Income 2018: $120,5222018Revenue 2019: $1,126,002Expenses 2019: $633,486Net Income 2019: $492,5162019Revenue 2020: $1,596,761Expenses 2020: $1,064,213Net Income 2020: $532,5482020Revenue 2021: $1,167,205Expenses 2021: $1,255,953Net Income 2021: -$88,7482021Revenue 2022: $718,019Expenses 2022: $1,493,589Net Income 2022: -$775,5702022Revenue 2023: $1,495,587Expenses 2023: $1,535,157Net Income 2023: -$39,5702023Revenue 2024: $895,665Expenses 2024: $1,113,820Net Income 2024: -$218,1552024Revenue 2025: $2,415,969Expenses 2025: $2,479,044Net Income 2025: -$63,0752025

Highlighted filing

2021

Revenue$1,167,205
Expenses$1,255,953
Net Income-$88,748
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 25, 2022
Return Version
2021v4.0
Gross Receipts
$1,167,205
Mission and Program Overview

Mission

We are a nonprofit organization that specializes in codesign research between education technology companies and schools. We match parents, learners and educators with edtech developers to inform, develop, and evaluate the next generation of classroom tools. We study how edtech tools work in real classroom environments and connect promising edtech solutions with resources to accelerate their impact.

The lean lab is a kansas city-based community that launches transformational education innovations that have national impact. The lean lab catalyzes, supports, and develops education innovators who build transformational education solutions in the form of technologies, services, and new school models.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,410,943$1,399,643▼ $11,300
Accounts Receivable$10,470$20,850▲ $10,380
Prepaid Expenses and Deferred Charges$9,235$14,600▲ $5,365
Total Assets$1,431,648$1,436,888▲ $5,240
Other Assets Total$1,000$1,795▲ $795
Liabilities
Other Liabilities$4,622$12,857▲ $8,235
Accounts Payable and Accrued Expenses$22,877$4,415▼ $18,462
Total Liabilities$27,499$17,272▼ $10,227
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,404,149$1,313,850▼ $90,299
Net Assets With Donor Restrictions-$105,766-
Total Net Assets Fund Balance$1,404,149$1,419,616▲ $15,467
Total Liabilities and Net Assets / Fund Balance$1,431,648$1,436,888▲ $5,240
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,043,287
Program Service Revenue
$123,449
Investment Income
$469
Other Revenue
$0
All Other Contributions
$1,043,287
Change in Net Assets
$-88,748
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$810,513
Other Expenses$445,440
Total Fundraising Expense$4,887
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$630,775$71,898-$702,673
Fees for Services Accounting-$61,510-$61,510
Other Employee Benefits$49,710$5,595-$55,305
Payroll Taxes$47,090$5,445-$52,535
Office Expenses$15,905$27,919-$43,824
All Other Expenses$29,993$8,605$4,887$43,485
Advertising$6,692$35,500-$42,192
Fees for Services Other$40,555$977-$41,532
Occupancy-$27,646-$27,646
Other Expenses$23,700$5,425-$23,700
Fees for Services Legal-$6,630-$6,630
Information Technology$3,645$2,426-$6,071
Insurance-$2,945-$2,945
Travel-$1,014-$1,014
Total Functional Expenses$941,243$309,823$4,887$1,255,953
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
Credit Card Payable$12,857
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Copy of form 990 is provided to the board prior to filing with the internal revenue service for any questions or comments.

Form 990, Page 6, Part VI, Line 12C

Board monitors compliance with conflict of interest policy.

Form 990, Page 6, Part VI, Line 15A

A compensation study of local organizations and adopted a compensation philosophy that pays at the 50th percentile.

Form 990, Page 6, Part VI, Line 19

Public governing documents available upon written request.

Filing and Contact Details

Filer

Filer Name
The Lean Lab Inc
EIN
47-1489862
Phone
9136365918
Address
1475 WALNUT STREET, KANSAS CITY, MO 64106
Doing Business As
Lean Lab Education

Signing Officer

Name
Catherine Boody
Title
Executive Director
Phone
8162894274
Signed
2022-08-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Catherine Boody
Formed
2014
Voting Board Members
0
Independent Board Members
0
Employees
12

Preparer

Firm
E2e LLC
Address
519 SOUTHWEST BLVD, KANSAS CITY, MO 64108
Preparer
Nancy Mccullough
Phone
8162894274
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Kansas city based community that launches transformational education innovations that have a national impact. Lean lab catalyzes, supports and develops education innovators who build transformational education solutions in the form of technologies, services and new school models

Form 990, Page 2, Part III, Line 4D

IMPLEMENTATION AND OTHER

Form 990, Part XI, Line 9

Sba ppp loan 162,015 2020 ppp loan -57,800 total 104,215

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KANSAS CITY BASED COMMUNITY THAT LAUNCHES TRANSFORMATIONAL EDUCATION INNOVATIONS THAT HAVE A NATIONAL IMPACT. LEAN LAB CATALYZES, SUPPORTS AND DEVELOPS EDUCATION INNOVATORS WHO BUILD TRANSFORMATIONAL EDUCATION SOLUTIONS IN THE FORM OF TECHNOLOGIES, SERVICES AND NEW SCHOOL MODELS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IMPLEMENTATION AND OTHER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPY OF FORM 990 IS PROVIDED TO THE BOARD PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE FOR ANY QUESTIONS OR COMMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MONITORS COMPLIANCE WITH CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COMPENSATION STUDY OF LOCAL ORGANIZATIONS AND ADOPTED A COMPENSATION PHILOSOPHY THAT PAYS AT THE 50TH PERCENTILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PUBLIC GOVERNING DOCUMENTS AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SBA PPP LOAN 162,015 2020 PPP LOAN -57,800 TOTAL 104,215
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990/USAddress/CityNm0KANSAS CITY
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CATHERINE BOODY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08162894274
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE LEAN LAB INC
ReturnHeader/Filer/BusinessNameControlTxt0LEAN
ReturnHeader/Filer/EIN0471489862
ReturnHeader/Filer/PhoneNum09136365918

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