Civic Intelligence

Yarnlabs Inc

990EZ • Fiscal year 2021 • EIN 83-0638683

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

Organization Profilen/a
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

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

1st percentile

-17541%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

25th percentile

-11%

Faster asset growth than 25% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

2nd percentile

-100%

Faster revenue growth than 2% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$203,297

Down $23,856 (-11%) from 2020

Net Assets

Down

$203,297

Down $23,856 (-11%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin1st percentile

Revenue

Down

$136

Down $190,667 (-100%) from 2020

Expenses

Down

$23,992

Down $1,670,236 (-99%) from 2020

Net Income

Up

-$23,856

Up $1,479,569 (+98%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

2021

Assets$203,297
Liabilities$0
Net Assets$203,297
Open 2021 Filing

Operations Trend

Revenue Growth2nd percentile

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

2021

Revenue$136
Expenses$23,992
Net Income-$23,856
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.0
Gross Receipts
$136
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.--
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Samantha BatesDirector COM. & Adm-$0--
Colin RaneyPresident-$0--
Morgan BinswangerTreasurer-$0--
Michelle Kydd LeeSecretary-$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
2022-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Schall & Ashenfarb Cpas LLC
Address
307 FIFTH AVE 15TH FL, NEW YORK, NY 10016
Preparer
Michael Schall
Phone
2122682800
Supplemental Narrative

Additional Explanations

Other Expenses.1

“Other Expenses $992”

Raw XML Appendix136 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/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0992
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0YarnLabs 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.
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.
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MA
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IRS990EZ/TaxImposedOnOrganizationMgrAmt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TotalRevenueAmt0136
IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0n/a
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0136
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0146908
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01000150
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03485344
IRS990ScheduleA/TotalSupportAmt03812610
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Other Expenses $992
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1
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ReturnHeader/Filer/EIN0830638683
ReturnHeader/Filer/PhoneNum08285698491
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ReturnHeader/ReturnTs02022-11-14T10:31:54-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Samantha
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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$203,297
Liabilities
$0
Net assets
$203,297
Revenue
$136
Expenses
$23,992
Net income
-$23,856
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.00$0.02$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$0.19$1.69$1.50
2019Detailed filing. Detailed filing data is available for this year.$1.83$0.06$1.77$2.66$1.89$0.77
2018Summary only. Only limited summary data is available for this year.$1.00$0.00$1.00$1.00$0.00$1.00