Liabilities / Assets
57th percentile
Tied with the lowest-debt nonprofits in its peer group.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
57th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
8th percentile
Higher net margin than 8% of similar nonprofits.
Top Officer Pay
91st percentile
Higher top officer pay than 91% of similar nonprofits.
Top officer pay equals 33.4% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$69,653
No earlier filing loaded for comparison.
Net Assets
$69,653
No earlier filing loaded for comparison.
Liabilities
$0
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
$133,221
No earlier filing loaded for comparison.
Expenses
$199,902
No earlier filing loaded for comparison.
Net Income
-$66,681
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2019 to Dec 31, 2019
- Signed
- Oct 8, 2020
- Return Version
- 2019v5.1
- Gross Receipts
- $133,221
Mission and Program Overview
Mission
To empower women and people of color in the media arts to develop careers in audio/video through job training and placement
To decrease youth violence & drug abuse
Program Services
| Description | Grants | Expenses |
|---|---|---|
| The programs include education, emoloyment, and enterpreneurship in digital storytelling and workforce development. | - | $183,661 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Christopher Hope | Executive Director | FT | $44,539 | - | $44,539 |
| Jan Houston Smith | Secretary | PT | $0 | - | - |
| Paul Lannon | Board Chair | PT | $0 | - | - |
| Troy Ellerbee | Clerk | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- The Loop Lab Inc
- EIN
- 82-3829806
- Address
- 872 Massachusetts Ave Unit 1-5, Cambridge, MA 02139
Signing Officer
- Name
- Christopher Hope
- Title
- Executive Direc
- Phone
- 8572510843
- Signed
- 2020-10-08
- Discuss with paid preparer
- No
Preparer
- Firm
- Mariya Babson CPA
- Address
- 170 Parks St, Duxbury, MA 02332
- Preparer
- Mariya Babson CPA
- Phone
- 7815887732
Supplemental Narrative
Additional Explanations
Description of other expenses Part I line 16
“Description AmountStipends 12,492Payroll taxes 8,326Travel 7,278Office expense 5,010Depreciation expense 1,928Equipment rental 1,747Insurance 1,192Dues and fees 2,925Other expenses 1,608Supplies & equipment 7,619”
Part III response or note to any other line in Part III
“Primary Exempt Purpose - The Loop Lab is a non-profit social enterprise specializing in workforce development and digital storytelling founded to serve the Port neighborhood of Cambridge. We are committed to empowering young adults (18-26) of color from low income backgrounds to join the digital economy through careers in video, photography, and audio. We support that mission with our Media Production Studio that specializes in digital storytelling, with alumni and staff working on these projects.”
Raw XML Appendix151 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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| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 51660 |
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| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 69653 |
| IRS990EZ/GrossReceiptsAmt | 0 | 133221 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
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| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
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| IRS990EZ/OtherExpensesTotalAmt | 0 | 50125 |
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| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | To decrease youth violence & drug abuse |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 223 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 67836 |
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| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 93539 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 199902 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 183661 |
| IRS990EZ/TotalRevenueAmt | 0 | 133221 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | www.thelooplab.org |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 64290 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 174500 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 238790 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 1095 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 450 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 1545 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
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| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 10193 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 64290 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 174500 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 238790 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 240335 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description AmountStipends 12,492Payroll taxes 8,326Travel 7,278Office expense 5,010Depreciation expense 1,928Equipment rental 1,747Insurance 1,192Dues and fees 2,925Other expenses 1,608Supplies & equipment 7,619 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Primary Exempt Purpose - The Loop Lab is a non-profit social enterprise specializing in workforce development and digital storytelling founded to serve the Port neighborhood of Cambridge. We are committed to empowering young adults (18-26) of color from low income backgrounds to join the digital economy through careers in video, photography, and audio. We support that mission with our Media Production Studio that specializes in digital storytelling, with alumni and staff working on these projects. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part III response or note to any other line in Part III |
| ReturnHeader/BuildTS | 0 | 2021-01-29 14:40:06Z |
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| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Christopher Hope |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Executive Direc |
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| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-10-08 |
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| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LOOP |
| ReturnHeader/Filer/EIN | 0 | 823829806 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 872 Massachusetts Ave Unit 1-5 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Cambridge |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 02139 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | C9E95ACD462DDBC3093EE8EB59A8AAB641242332 |
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| ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt | 0 | 2020-10-10 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 75.67.94.138 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2020-10-10 |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 09:39:02 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Mariya Babson CPA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 170 Parks St |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Duxbury |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 02332 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7815887732 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2020-10-10 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Mariya Babson CPA |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2020-10-10T09:36:09-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2019-12-31 |
| ReturnHeader/TaxYr | 0 | 2019 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $69,653
- Liabilities
- $0
- Net assets
- $69,653
- Revenue
- $133,221
- Expenses
- $199,902
- Net income
- -$66,681