Civic Intelligence

Yarnlabs Inc

990EZ • Fiscal year 2020 • EIN 83-0638683

Jan 01, 2020 to Dec 31, 2020 • Filed on Dec 20, 2021

15 Walnut Street 150Wellesley, MA 02481

(828) 569-8491

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

2nd percentile

-788%

Higher net margin than 2% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

99th percentile

$183,430

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 96.1% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

3rd percentile

-88%

Faster asset growth than 3% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

4th percentile

-93%

Faster revenue growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$227,153

Down $1,601,367 (-88%) from 2019

Net Assets

Down

$227,153

Down $1,542,718 (-87%) from 2019

Liabilities

Down

$0

Down $58,649 (-100%) from 2019

Revenue

Down

$190,803

Down $2,472,208 (-93%) from 2019

Expenses

Down

$1,694,228

Down $199,062 (-11%) from 2019

Net Income

Down

-$1,503,425

Down $2,273,146 (-295%) from 2019

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2018: $1,000,150Liabilities 2018: $0Net Assets 2018: $1,000,1502018Assets 2019: $1,828,520Liabilities 2019: $58,649Net Assets 2019: $1,769,8712019Assets 2020: $227,153Liabilities 2020: $0Net Assets 2020: $227,1532020Assets 2021: $203,297Liabilities 2021: $0Net Assets 2021: $203,2972021

Highlighted filing

2020

Assets$227,153
Liabilities$0
Net Assets$227,153

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2018: $1,000,150Expenses 2018: $0Net Income 2018: $1,000,1502018Revenue 2019: $2,663,011Expenses 2019: $1,893,290Net Income 2019: $769,7212019Revenue 2020: $190,803Expenses 2020: $1,694,228Net Income 2020: -$1,503,4252020Revenue 2021: $136Expenses 2021: $23,992Net Income 2021: -$23,8562021

Highlighted filing

2020

Revenue$190,803
Expenses$1,694,228
Net Income-$1,503,425
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Dec 20, 2021
Return Version
2020v4.0
Gross Receipts
$190,803
Mission and Program Overview

Mission

YarnLabs is a fiscal sponsor that aims to provide a range of strategic and administrative guidance and counsel, particularly for academic projects looking to scale their work.

Program Services

DescriptionGrantsExpenses
In 2020, YarnLabs supported two project groups, the Algorithmic Justice League and the Knowledge Futures Group. YarnLabs helped the Algorithmic Justice League obtain grant funds for 2020-2021 from four different foundations, the MacArthur Foundation, the Ford Foundation, the Rockefeller Foundation and Sloan Foundation. As a result of YarnLabss decision to dissolve the fiscal sponsorship relationships with the two projects were terminated.$1,034,333$160,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Samantha BatesDirector COM. & AdmFT$169,771$13,659$183,430
Colin RaneyPresident-$0--
Morgan BinswangerTreasurer-$0--
Michelle Kydd LeeSecretary-$0--
Barak Berkowitz thru 012020Director-$0--
Filing and Contact Details

Filer

Filer Name
YarnLabs Inc
EIN
83-0638683
Phone
8285698491
Address
15 Walnut Street 150, Wellesley, MA 02481

Signing Officer

Name
Samantha Bates
Title
Director COM. & Adm
Signed
2021-12-20
Discuss with paid preparer
Yes

Preparer

Firm
Schall & Ashenfarb Cpas
Address
307 5th Ave 15th Floor, NEW YORK, NY 10016
Preparer
Michael Schall
Phone
2122682800
Supplemental Narrative

Additional Explanations

Other Revenue.1

Miscellaneous Income $3929

Grants and Similar Amounts Paid In Excess of $5,000.1

| Cash Amount Given: $160000

Other Expenses.1001

Advertising and Promotion $200

Other Expenses.1002

Office Expenses $6628

Other Expenses.1005

Travel $15027

Other Expenses.1007

Conferences, Conventions, and Meetings $754

Other Expenses.1012

Insurance $307

Other Expenses.1

Dues and Subscriptions $55867

Other Expenses.2

Other Expenses $15106

Other Expenses.3

Repairs & maintenance $2744

Other Assets.1005

Accounts Receivable - Beginning $93023 Accounts Receivable - Ending $0

Other Assets.1011

Prepaid Expenses and Deferred Charges - Beginning $87929 Prepaid Expenses and Deferred Charges - Ending $0

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $58649 Accounts Payable and Accrued Expenses - Ending $0

Raw XML Appendix192 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/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0In 2020, YarnLabs supported two project groups, the Algorithmic Justice League and the Knowledge Futures Group. YarnLabs helped the Algorithmic Justice League obtain grant funds for 2020-2021 from four different foundations, the MacArthur Foundation, the Ford Foundation, the Rockefeller Foundation and Sloan Foundation. As a result of YarnLabss decision to dissolve the fiscal sponsorship relationships with the two projects were terminated.
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IRS990ScheduleA/TotalSupportAmt03812474
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Miscellaneous Income $3929
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Cash Amount Given: $160000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Advertising and Promotion $200
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Office Expenses $6628
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Travel $15027
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Conferences, Conventions, and Meetings $754
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Insurance $307
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Dues and Subscriptions $55867
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Other Expenses $15106
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Repairs & maintenance $2744
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Prepaid Expenses and Deferred Charges - Beginning $87929 Prepaid Expenses and Deferred Charges - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Accounts Payable and Accrued Expenses - Beginning $58649 Accounts Payable and Accrued Expenses - Ending $0
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Samantha Bates
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Dir. Com. & Adm
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-12-20
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ReturnHeader/Filer/BusinessNameControlTxt0YARN
ReturnHeader/Filer/EIN0830638683
ReturnHeader/Filer/PhoneNum08285698491
ReturnHeader/Filer/USAddress/AddressLine1Txt015 Walnut Street 150
ReturnHeader/Filer/USAddress/CityNm0Wellesley
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002481
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0134036703
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0307 5th Ave 15th Floor
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
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ReturnHeader/PreparerPersonGrp/PhoneNum02122682800
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ReturnHeader/ReturnTs02021-12-20T16:23:31-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Samantha
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Bates
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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