NonprofitsLoop Lab Inc

Employment

Loop Lab Inc

CAMBRIDGE, MA

Total revenue

$1.2M

Total expenses

$1.4M

Net assets

$377K

Grants received

$2.4M

69 grants

EIN

823829806

Tax year

2024

Mission

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.

Programs

1 program

Loop 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.

Expenses: $223K

Financials

FY 2024

Revenue

Contributions & grants$1.0M
Program service revenue$174K
Investment income$523
Other revenue$14
Total revenue$1.2M

Expenses

Grants paid
Salaries & benefits$709K
Fundraising$162K
Other expenses$666K
Total expenses$1.4M
Total assets$673K
Net assets$377K

People

8 listed

NameRoleCompensation

CHRISTOPHER HOPE

EXECUTIVE DIRECTOR

Board

$102K

40 hrs/wk

TROY ELLERBEE

MANAGING DIRECTOR

Board

$62K

8 hrs/wk

GEOFF KEITH

CLERK

Board

2 hrs/wk

JONATHAN WYNER

DIRECTOR

Board

2 hrs/wk

BAYO ADEBAYI

DIRECTOR

Board

2 hrs/wk

THATO MWOSA

DIRECTOR

Board

2 hrs/wk

NIKKI WILSON

DIRECTOR

Board

2 hrs/wk

PAUL LANNON

BOARD CHAIR

Board

5 hrs/wk

Grants received

Showing 69 of 69

FromAmountPurposeYear
$80K
THE LOOP LAB'S (TLL) THREE-YEAR, CAPACITY BUILDING GRANT SUPPORTS EXPANDING TLL'S INCOME EARNING PRODUCTION CAPACITY AND SIGNIFICANTLY ENHANCING DEVELOPMENT EFFORTS, ENABLING TLL TO INCREASE THE ANNUAL NUMBER OF MEDIA ARTS APPRENTICES THEY GRADUATE.
2024
$75K
GENERAL OPERATING SUPPORT
2024
$42K
PROGRAM ASSISTANCE
2024
$35K
EXEMPT PURPOSE
2024
$35K
GENERAL OPERATING
2024
$32K
COMMUNITY
2024
$25K
CHARITABLE
2024
$8K
R17 1-YEAR: LOOP LAB WITH TECHBOSTON ACADEMY
2024
$5K
Donation for annual fundraiser
2024
$167K
EMPLOYMENT (ECONDEV)
2023
$120K
THE LOOP LAB'S (TLL) THREE-YEAR, CAPACITY BUILDING GRANT SUPPORTS EXPANDING TLL'S INCOME EARNING PRODUCTION CAPACITY AND SIGNIFICANTLY ENHANCING DEVELOPMENT EFFORTS, ENABLING TLL TO INCREASE THE ANNUAL NUMBER OF MEDIA ARTS APPRENTICES THEY GRADUATE.
2023
$75K
GENERAL OPERATING SUPPORT
2023
$50K
Community Impact
2023
$50K
MEDIA ARTS APPRENTICESHIP
2023
$50K
MEDIA ARTS APPRENTICESHIP
2023
$30K
EXEMPT PURPOSE
2023
$25K
CHARITABLE
2023
$25K
GENERAL OPERATING
2023
$25K
COMMUNITY
2023
$15K
ECONOMIC SECURITY
2023
$15K
PROGRAM SUPPORT
2023
$15K
POLLUTION TO POWER
2023
$15K
POLLUTION TO POWER
2023
$9K
R16 1-YEAR: THE LOOP LAB - TECHBOSTON
2023
$5K
MEDIA ARTS APPRENTICESHIP
2023
$175K
THE LOOP LAB'S (TLL) THREE-YEAR, CAPACITY BUILDING GRANT SUPPORTS EXPANDING TLL'S INCOME EARNING PRODUCTION CAPACITY AND SIGNIFICANTLY ENHANCING DEVELOPMENT EFFORTS, ENABLING TLL TO INCREASE THE ANNUAL NUMBER OF MEDIA ARTS APPRENTICES THEY GRADUATE.
2022
$167K
EMPLOYMENT (ECONDEV)
2022
$75K
GENERAL OPERATING SUPPORT
2022
$35K
OPERATING SUPPORT
2022
$25K
GENERAL OPERATING
2022
$25K
COMMUNITY
2022
$25K
CHARITABLE
2022
$25K
EXEMPT PURPOSES
2022
$15K
PROGRAM SUPPORT
2022
$15K
FOR LOOP LAB MEDIA APPRENTICESHIP PROGRAM
2022
$10K
CLIMATE RESILIENCY AWARENESS: A LOOP LAB STUDIO PRODUCTION
2022
$7K
2022 INFLATION RECOGNITION GRANTS
2022
$167K
EMPLOYMENT (ECONDEV)
2021
$56K
Operating Support/Annual Fund
2021
$20K
GENERAL OPERATING
2021
$1K
EXEMPT PURPOSE
2021
$55K
COMMUNITY
2020
$50K
Operating Support/Annual Fund
2020
$20K
PROGRAM ASSISTANCE
2020
$17K
TO SUPPORT AMERICAN WORKFORCE AND EDUCATION
2020
$10K
CONSULTING
2020
$10K
RACIAL EQUALITY AND JUSTICE GRANT WORK
2020
$6K
For grant recipient's exempt purposes
2020
$2K
Economic Development
2020
$15K
Economic Development
2019
$9K
For grant recipient's exempt purposes
2019

Funded by

$2.4M from 27 funders · 69 grants · 2019–2024

Community Foundation Of Western

$500K · 3 grants · 2021–2023

The Devonshire Foundation

$375K · 3 grants · 2022–2024

Wagner Foundation

$225K · 3 grants · 2022–2024

Wellington Management Foundation

$185K · 3 grants · 2022–2024

Liberty Mutual Foundation Inc

$182K · 7 grants · 2022–2023

Boston Foundation Inc

$148K · 5 grants · 2019–2021

Clermont Foundation

$137K · 4 grants · 2020–2024

Johnson Family Foundation

$105K · 4 grants · 2021–2024

Details

EIN823829806
NTEE codeJ22
Subsection03
Ruling date2018-03
Formed2017
Employees11
Volunteers45
LOOP LAB INC — Mission, Financials & Grants Received | Grantivo