2024-08-28T12:26:21-05:00 2023-12-31 823736106 POZERSKI HATCH & COMPANY 100 LEDGEWOOD PLACE SUITE 304 ROCKLAND MA 02370 990 2023-01-01 823829806 THE LOOP LAB INC LOOP 8572510843 99 BISHOP ALLEN DRIVE 025 CAMBRIDGE MA 02139 CHRISTOPHER HOPE PRESIDENT 8572510843 2024-08-27 1 0 TRACI L POZERSKI CPA P00415905 7814801430 2024-08-27 2023 2024-08-08 14:25:15Z CHRISTOPHER HOPE 99 BISHOP ALLEN DRIVE 025 CAMBRIDGE MA 02139 788597 0 X WWW.THELOOPLAB.ORG X 2017 MA 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 WITH ALUMNI AND STAFF WORKING ON THESE PROJECTS. 9 7 8 30 0 0 1238880 707694 60101 80683 42 183 59 37 1299082 788597 0 0 0 0 322320 536867 38907 26582 158062 416386 575506 777613 1138955 521469 -350358 1062451 796165 171440 255512 891011 540653 TO EMPOWER WOMEN AND PEOPLE OF COLOR IN THE MEDIA ARTS TO DEVELOP CAREERS IN AUDIO/VIDEO THROUGH JOB TRAINING AND PLACEMENT. 0 0 485816 LOOP LAB ACADEMY- OUR ORGANIZATION OPERATES A FREE HIGH SCHOOL PRE-APPRENTICESHIP PROGRAM WHICH PREPARES STUDENTS FOR CAREERS IN THE MEDIA ARTS/AV INDUSTRIES. WE ALSO PROVIDE SUMMER PROGRAMMING FOR HIGH SCHOOL STUDENTS. WE ALSO RUN A STATE-REGISTERED MEDIA ARTS APPRENTICESHIP FOR 18-26 YEAR OLDS THAT PROVIDES PAID INTERNSHIPS AND ON-THE-JOB TRAINING FOR PARTICIPANTS. 161939 80683 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. 647755 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 21 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 7 1 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 1 1 1 0 MA X CHRISTOPHER HOPE 8572510843 99 BISHOP ALLEN DRIVE SUITE 025 CAMBRIDGE MA 02139 CHRISTOPHER HOPE EXECUTIVE DIRECTOR 40.00 X X 105000 0 8150 TROY ELLERBEE MANAGING DIRECTOR 8.00 X 57711 0 0 PAUL LANNON BOARD CHAIR 5.00 X 0 0 0 GEOFF KEITH DIRECTOR 2.00 X 0 0 0 JONATHAN WYNER DIRECTOR 2.00 X 0 0 0 BAYO ADEBIY DIRECTOR 2.00 X 0 0 0 ROBIN HARRIS DIRECTOR 2.00 X 0 0 0 THATO MWOSA DIRECTOR 2.00 X 0 0 0 NIKKI WILSON DIRECTOR 2.00 X 0 0 0 162711 0 8150 1 0 0 0 0 707694 707694 PRODUCTION SERVICES RE 541900 80683 80683 80683 183 183 MISCELLANEOUS INCOME 900099 37 37 37 788597 80683 0 220 X 105000 26250 52500 26250 361775 237768 59818 64189 35271 19950 8487 6834 34821 19696 8379 6746 62570 15643 46927 28489 28489 26582 26582 117394 61248 56146 26909 13405 9783 3721 29033 10180 9719 9134 79691 63752 11954 3985 31076 17577 7478 6021 2059 1647 309 103 14587 11670 2188 729 2952 2952 SMALL EQUIPMENT & FURNI 81827 78368 3459 STIPENDS 56246 56246 PRODUCTION COSTS 23312 14232 5312 3768 PROFESSIONAL DEVELPMENT 9888 10 9878 9473 113 9360 1138955 647755 333138 158062 650961 384623 350145 188333 5225 8600 1547 6076 94754 32067 13441 62687 41132 145846 1062451 796165 17464 46760 112434 61993 41542 146759 171440 255512 X 534621 337320 356390 203333 891011 540653 1062451 796165 -350358 0 X 0 1 X 0 0 X 64290 228134 740635 1238880 707694 2979633 64290 228134 740635 1238880 707694 2979633 1264487 1715146 1095 75 16 42 183 1411 67836 149848 129428 60160 80720 487992 3469036 0.49440 0.51550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 94754 32067 62687 62687 RIGHT TO USE ASSET 145846 145846 OPERATING LEASE LIABILITY 146759 146759 883837 95240 95240 788597 0 788597 1234195 95240 95240 1138955 0 1138955 X X X X 1 MICHAEL LEVINE 90 KILSYTH RD BOSTON MA 02135 GRANT SEEKING, GRANT WRITING & PROPOSAL 0 117982 9666 108316 SARAH LEAF-HERMANN 19 THATCHER STREET 3 BROOKLINE MA 02446 GRANT SEEKING, GRANT WRITING & PROPOSAL 0 0 16916 -16916 117982 26582 91400 TROY ELLERBEE PAID CONSULTANT 57711 PAID MANAGEMENT CONSULTANT 0 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 PC ARE REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR OF THE ORGANIZATION BEFORE IT IS FILED. THE FULL 990, MA FORM PC, AND AUDITED FINANCIAL STATEMENTS ARE PROVIDED TO THE BOARD OF DIRECTORS BEFORE THE RETURN 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. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES/CONSULTANTS: PROGRAM SERVICE EXPENSES 61,248. MANAGEMENT AND GENERAL EXPENSES 56,146. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 117,394.