Civic Intelligence

The Loop Lab Inc

990 • Fiscal year 2024 • EIN 82-3829806

Jan 01, 2024 to Dec 31, 2024 • Filed on Aug 05, 2025

Organization ProfileWWW.THELOOPLAB.ORG
99 Bishop Allen Drive 025Cambridge, MA 02139

(857) 251-0843

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.44x

Higher debt load relative to assets than 82% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.24x

Higher debt load relative to revenue than 70% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

19th percentile

-13%

Higher net margin than 19% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

68th percentile

$104,545

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

10th percentile

-16%

Faster asset growth than 10% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

84th percentile

55%

Faster revenue growth than 84% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$672,530

Down $123,635 (-16%) from 2023

Net Assets

Down

$377,263

Down $163,390 (-30%) from 2023

Liabilities

Up

$295,267

Up $39,755 (+16%) from 2023

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin19th percentile

Revenue

Up

$1,221,096

Up $432,499 (+55%) from 2023

Expenses

Up

$1,384,486

Up $245,531 (+22%) from 2023

Net Income

Up

-$163,390

Up $186,968 (+53%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$1.5M$1.0M$500K$0Assets 2019: $69,653Liabilities 2019: $0Net Assets 2019: $69,6532019Assets 2020: $247,985Liabilities 2020: $116,300Net Assets 2020: $131,6852020Assets 2021: $504,602Liabilities 2021: $135,060Net Assets 2021: $369,5422021Assets 2022: $1,062,451Liabilities 2022: $171,440Net Assets 2022: $891,0112022Assets 2023: $796,165Liabilities 2023: $255,512Net Assets 2023: $540,6532023Assets 2024: $672,530Liabilities 2024: $295,267Net Assets 2024: $377,2632024

Highlighted filing

2024

Assets$672,530
Liabilities$295,267
Net Assets$377,263
Open 2024 Filing

Operations Trend

Revenue Growth84th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2019: $133,221Expenses 2019: $199,902Net Income 2019: -$66,6812019Revenue 2020: $381,557Expenses 2020: $334,999Net Income 2020: $46,5582020Revenue 2021: $870,079Expenses 2021: $632,222Net Income 2021: $237,8572021Revenue 2022: $1,299,082Expenses 2022: $777,613Net Income 2022: $521,4692022Revenue 2023: $788,597Expenses 2023: $1,138,955Net Income 2023: -$350,3582023Revenue 2024: $1,221,096Expenses 2024: $1,384,486Net Income 2024: -$163,3902024

Highlighted filing

2024

Revenue$1,221,096
Expenses$1,384,486
Net Income-$163,390
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 5, 2025
Return Version
2024v5.2
Gross Receipts
$1,221,096
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

The loop lab is a non-profit social enterprise specializing in workforce development and digital storytelling founded to serve the port neighborhood of cambridge. Committed to empowering woman and adults of color from low income backgrounds to join the digital economy through careers in video, photography, and audio. We support alumni and staff with work on these projects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$384,623$364,904▼ $19,719
Pledges and Grants Receivable$188,333$128,900▼ $59,433
Land, Buildings, and Equipment, Net$62,687$75,995▲ $13,308
Prepaid Expenses and Deferred Charges$6,076$15,527▲ $9,451
Accounts Receivable$8,600$11,150▲ $2,550
Total Assets$796,165$672,530▼ $123,635
Other Assets Total$145,846$76,054▼ $69,792
Liabilities
Deferred Revenue$0$132,000▲ $132,000
Other Liabilities$146,759$77,106▼ $69,653
Mortgage Notes Payable Secured by Investment Property$61,993$44,396▼ $17,597
Accounts Payable and Accrued Expenses$46,760$41,765▼ $4,995
Total Liabilities$255,512$295,267▲ $39,755
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$337,320$272,220▼ $65,100
Net Assets With Donor Restrictions$203,333$105,043▼ $98,290
Total Net Assets Fund Balance$540,653$377,263▼ $163,390
Total Liabilities and Net Assets / Fund Balance$796,165$672,530▼ $123,635

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$75,995$53,689$129,684
Other Assets Org$76,054--
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christopher HopeExecutive DirectorFT$101,500$3,045$104,545
Troy EllerbeeManaging DirectorPT$61,640-$61,640

Board Members and Trustees

NameTitle
Paul LannonBoard Chair
Bayo AdebayiDirector
Jonathan WynerDirector
Nikki WilsonDirector
Thato MwosaDirector
Geoff KeithClerk
Revenue and Support

Revenue Composition

Contributions and Grants
$1,046,282
Program Service Revenue
$174,277
Investment Income
$523
Other Revenue
$14
All Other Contributions
$946,282
Change in Net Assets
$-163,390

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,221,096
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$95,240
Total Revenue per Audited Statements
$1,316,336
Total Revenue per Form 990
$1,221,096
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$709,066
Other Expenses$666,320
Total Fundraising Expense$161,801
Professional Fundraising Fees$9,100
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$372,913$79,781$52,887$505,581
Fees for Services Other$128,288$92,437$6,429$227,154
Occupancy$86,778$16,271$5,424$108,473
Current Officers, Directors, Trustees, and Key Employees$38,570$15,225$50,750$104,545
Fees for Services Management$36,984$24,656-$61,640
Other Employee Benefits$32,612$7,586$8,275$48,473
Payroll Taxes$31,102$7,235$7,892$46,229
Advertising$28,794$4,430$11,075$44,299
Fees for Services Accounting-$35,275-$35,275
Travel$17,724$4,123$4,496$26,343
Information Technology$4,197$19,604-$23,801
Depreciation Depletion$17,298$3,243$1,081$21,622
All Other Expenses$5,066$11,853-$16,919
Fees for Services Professional Fundraising--$9,100$9,100
Other Expenses$6,000$2,965$2,860$6,000
Pension Plan Contributions$1,855$1,140$1,243$4,238
Insurance-$3,354-$3,354
Interest$1,137$264$289$1,690
Total Functional Expenses$890,621$332,064$161,801$1,384,486

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,479,726
Expenses per Audited Statements$1,384,486
Total Expenses per Form 990$1,384,486
Expenses Not Reported on Form 990$95,240
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$9,100
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Troy EllerbeeBoard MemberPaid Management ConsultantNo$61,640
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$77,106
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section A, Line 2

“One member of the board is the compensated executive director and another is a paid consultant.”

Form 990, Part VI, Section B, Line 11B

“Form 990 and ma form pc are reviewed and approved by the executive director of the organization before they are filed. The full 990, ma form pc, and audited financial statements are provided to the board of directors before the 990 is filed.”

Form 990, Part VI, Section B, Line 12

“The organization monitors any potential conflicts of interest, and brings these potential conflicts before the chair and executive board. If a potential conflict involves any board member, the member(s) must recuse themselves from any decision making.”

Form 990, Part VI, Section B, Line 15

“The board of directors uses comparable data to establish the salary for the executive director upon hire. On an annual basis, the board reviews salaries and approves appropriate changes. The board of directors hires a human resource consultant to do a job market and salary analysis to assist in establishing salaries for other levels of management. The executive director has the authority to decide the appropriate salary. On an annual basis, the board reviews salaries and approves appropriate changes.”

Form 990, Part VI, Section C, Line 19

“The loop lab, inc makes its governing documents available upon request. In addition, the organization's governing documents, annual financial statements and tax filings are available on the ma attorney general's website.”

Filing and Contact Details

Filer

Filer Name
The Loop Lab Inc
EIN
82-3829806
Phone
8572510843
Address
99 BISHOP ALLEN DRIVE 025, CAMBRIDGE, MA 02139

Signing Officer

Name
Christopher Hope
Title
President
Phone
8572510843
Signed
2025-08-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Hope
Formed
2017
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
6
Employees
11
Volunteers
45

Preparer

Firm
Pozerski Hatch & Company
Address
100 LEDGEWOOD PLACE SUITE 304, ROCKLAND, MA 02370
Preparer
Traci L Pozerski CPA
Phone
7814801430
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees/consultants: program service expenses 128,288. Management and general expenses 92,437. Fundraising expenses 6,429. Total expenses 227,154.”

Raw XML AppendixShowing 400 of 469 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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IRS990/OtherExpensesGrp/ProgramServicesAmt066646
IRS990/OtherExpensesGrp/ProgramServicesAmt111274
IRS990/OtherExpensesGrp/ProgramServicesAmt23383
IRS990/OtherExpensesGrp/ProgramServicesAmt36000
IRS990/OtherExpensesGrp/TotalAmt066646
IRS990/OtherExpensesGrp/TotalAmt116756
IRS990/OtherExpensesGrp/TotalAmt26348
IRS990/OtherExpensesGrp/TotalAmt36000
IRS990/OtherLiabilitiesGrp/BOYAmt0146759
IRS990/OtherLiabilitiesGrp/EOYAmt077106
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IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt014
IRS990/OtherRevenueTotalAmt014
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt052887
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt079781
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0372913
IRS990/OtherSalariesAndWagesGrp/TotalAmt0505581
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt07892
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07235
IRS990/PayrollTaxesGrp/ProgramServicesAmt031102
IRS990/PayrollTaxesGrp/TotalAmt046229
IRS990/PensionPlanContributionsGrp/FundraisingAmt01243
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01140
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01855
IRS990/PensionPlanContributionsGrp/TotalAmt04238
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0188333
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0128900
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06076
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015527
IRS990/PrincipalOfficerNm0CHRISTOPHER HOPE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/Desc0PRODUCTION SERVICES RE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0174277
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0174277
IRS990/ProgSrvcAccomActy2Grp/Desc0LOOP LAB STUDIO- OUR ORGANIZATION OPERATES A VIDEO PRODUCTION STUDIO THAT PROVIDES LOW COST AND HIGH-QUALITY VIDEO SERVICES TO CULTURAL ARTS ORGANIZATIONS AND COMPANIES IN GREATER BOSTON. THE STUDIO HIRES MANY OF OUR ALUMNI, FUTHERS THEIR TRAINING, AND GENERATES REVENUE FOR THE ORGANIZATION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0222655
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0174277
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0707694
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0183
IRS990/PYOtherExpensesAmt0575506
IRS990/PYOtherRevenueAmt037
IRS990/PYProgramServiceRevenueAmt080683
IRS990/PYRevenuesLessExpensesAmt0-350358
IRS990/PYSalariesCompEmpBnftPaidAmt0536867
IRS990/PYTotalExpensesAmt01138955
IRS990/PYTotalProfFndrsngExpnsAmt026582
IRS990/PYTotalRevenueAmt0788597
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-163390
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01046282
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0707694
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01238880
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0740635
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0228134
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03961625
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0523
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0183
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt042
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt016
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt075
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0839
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0174291
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt080720
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt060160
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0129428
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0149848
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0594447
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.54510
IRS990ScheduleA/PublicSupportPY170Pct00.49440
IRS990ScheduleA/PublicSupportTotal170Amt02484146
IRS990ScheduleA/SubstantialContributorsTotAmt01477479
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01046282
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0707694
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01238880
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0740635
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0228134
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03961625
IRS990ScheduleA/TotalSupportAmt04556911
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
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt095240
IRS990ScheduleD/DonatedServicesUseFcltsAmt095240
IRS990ScheduleD/EquipmentGrp/BookValueAmt075995
IRS990ScheduleD/EquipmentGrp/DepreciationAmt053689
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0129684
IRS990ScheduleD/ExpensesNotReportedAmt095240
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01384486
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt076054
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT TO USE ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt077106
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt095240
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01221096
IRS990ScheduleD/TotalBookValueLandBuildingsAmt075995
IRS990ScheduleD/TotalBookValueOtherAssetsAmt076054
IRS990ScheduleD/TotalExpensesPerForm990Amt01384486
IRS990ScheduleD/TotalLiabilityAmt077106
IRS990ScheduleD/TotalRevenuePerForm990Amt01221096
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01316336
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01479726
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0TROY ELLERBEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt061640
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PAID MANAGEMENT CONSULTANT
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ONE MEMBER OF THE BOARD IS THE COMPENSATED EXECUTIVE DIRECTOR AND ANOTHER IS A PAID CONSULTANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 AND MA FORM PC ARE REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR OF THE ORGANIZATION BEFORE THEY ARE FILED. THE FULL 990, MA FORM PC, AND AUDITED FINANCIAL STATEMENTS ARE PROVIDED TO THE BOARD OF DIRECTORS BEFORE THE 990 IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MONITORS ANY POTENTIAL CONFLICTS OF INTEREST, AND BRINGS THESE POTENTIAL CONFLICTS BEFORE THE CHAIR AND EXECUTIVE BOARD. IF A POTENTIAL CONFLICT INVOLVES ANY BOARD MEMBER, THE MEMBER(S) MUST RECUSE THEMSELVES FROM ANY DECISION MAKING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS USES COMPARABLE DATA TO ESTABLISH THE SALARY FOR THE EXECUTIVE DIRECTOR UPON HIRE. ON AN ANNUAL BASIS, THE BOARD REVIEWS SALARIES AND APPROVES APPROPRIATE CHANGES. THE BOARD OF DIRECTORS HIRES A HUMAN RESOURCE CONSULTANT TO DO A JOB MARKET AND SALARY ANALYSIS TO ASSIST IN ESTABLISHING SALARIES FOR OTHER LEVELS OF MANAGEMENT. THE EXECUTIVE DIRECTOR HAS THE AUTHORITY TO DECIDE THE APPROPRIATE SALARY. ON AN ANNUAL BASIS, THE BOARD REVIEWS SALARIES AND APPROVES APPROPRIATE CHANGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE LOOP LAB, INC MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. IN ADDITION, THE ORGANIZATION'S GOVERNING DOCUMENTS, ANNUAL FINANCIAL STATEMENTS AND TAX FILINGS ARE AVAILABLE ON THE MA ATTORNEY GENERAL'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER PROFESSIONAL FEES/CONSULTANTS: PROGRAM SERVICE EXPENSES 128,288. MANAGEMENT AND GENERAL EXPENSES 92,437. FUNDRAISING EXPENSES 6,429. TOTAL EXPENSES 227,154.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0796165
IRS990/TotalAssetsEOYAmt0672530
IRS990/TotalAssetsGrp/BOYAmt0796165
IRS990/TotalAssetsGrp/EOYAmt0672530
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01046282

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Filings

Displayed year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$672,530
Liabilities
$295,267
Net assets
$377,263
Revenue
$1,221,096
Expenses
$1,384,486
Net income
-$163,390
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.30$0.38$1.22$1.38$0.16
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.80$0.26$0.54$0.79$1.14$0.35
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.17$0.89$1.30$0.78$0.52
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.50$0.14$0.37$0.87$0.63$0.24
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.25$0.12$0.13$0.38$0.33$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.07$0.00$0.07$0.13$0.20$0.07