Nonprofit · EIN 45-5028985
CITY STARTUP LABS INC
Tax-exempt (reinstated) · CHARLOTTE, NC 28202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $685,736 | $812,959 | -$127,223 | $488,750 | $301,032 | $187,718 |
| December 31, 2023 | 990 | $799,109 | $880,833 | -$81,724 | $451,820 | $136,879 | $314,941 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $526,542
- Program service revenue
- $159,194
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $81,667
- Salaries, compensation and benefits (total)
- $88,228
- Professional fundraising fees
- $0
- Accounting fees
- $16,300
- Occupancy
- $20,141
- Travel
- $4,787
- Program services (functional)
- $639,778
- Management and general (functional)
- $129,225
- Fundraising (functional)
- $43,956
Balance sheet and other
- Total assets, start of year
- $451,820
- Total assets, end of year
- $488,750
- Total liabilities, end of year
- $301,032
- Net assets, end of year
- $187,718
- Land, buildings and equipment
- $3,293
- Net assets without donor restrictions
- $165,833
- Net assets with donor restrictions
- $21,885
- Gross receipts
- $685,736
- Employees
- 1
- Volunteers
- 37
- Year formed
- 2016
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HENRY ROCK | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $81,667 |
| BRIAN LYGHT | CO-CHAIR Trustee or director, Officer | 5 | $0 |
| NIA ROCK | CO-CHAIR Trustee or director, Officer | 5 | $0 |
| CRAIG DANFORTH | TREASURER Trustee or director, Officer | 5 | $0 |
| ISSA HALL | SECRETARY Trustee or director, Officer | 5 | $0 |
| E ALAN CRAWFORD | DIRECTOR Trustee or director | 0.5 | $0 |
| JOEL FORD | DIRECTOR Trustee or director | 0.5 | $0 |
| ROBYN MASSEY | DIRECTOR Trustee or director | 0.5 | $0 |
| SONDRA HINES YATES | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HENRY ROCK | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $100,000 | $5,000 |
| BRIAN LYGHT | CO-CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| NIA ROCK | CO-CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| LIZ THOMAS-HOLLIER | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| SONDRA HINES YATES | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| ROBYN MASSEY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 301 E 9TH ST OFC 209, CHARLOTTE, NC 28202-2561
- In care of
- % HENRY ROCK
- Principal officer (990 for 2024)
- HENRY ROCK, 8816 CAVONNIER LANE, CHARLOTTE, NC 28216
- Signed the 990
- HENRY ROCK, EXECUTIVE DIRECTOR
- Phone
- (704) 807-3000
- Website
- CITYSTARTUPLABS.COM
- Return prepared by
- SKODY SCOT & CO CPAS PC
Mission
ENTREPRENEURIAL, BUSINESS AND WORKFORCE DEVELOPMENT TRAINING AND COACHING FOR BLACK AMERICANS, AS WELL AS FORMERLY INCARCERATED INDIVIDUALS INTERESTED IN BUSINESS OWNERSHIP. CSL ALSO HOSTS CONVENINGS FOR BLACK TECH TALENT."
Program accomplishments
- ESTABLISHING THE CENTER OF EXCELLENCE FOR ENTREPRENEURIAL COMPETENCY, INNOVATION AND LEADERSHIP (COE) AT THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE.Expenses $639,778 · revenue $159,194
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-5028985
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O53)
- Assets (IRS master file)
- $488,750
- Income (IRS master file)
- $685,736
Revocation and reinstatement
- Exemption revoked
- May 15, 2015
- Posted by the IRS
- December 3, 2016
- Reinstated
- Effective May 15, 2015
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $685,736 | $812,959 | $488,750 | XML |
| 990 | December 2023 | $799,109 | $880,833 | $451,820 | XML |
| 990 | December 2022 | $1,087,508 | $845,555 | $428,484 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-5028985).
Questions about CITY STARTUP LABS INC
- What is the EIN of CITY STARTUP LABS INC?
- The employer identification number (EIN) of CITY STARTUP LABS INC is 45-5028985.
- Is CITY STARTUP LABS INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2015 and reinstated it effective May 15, 2015.
- Are donations to CITY STARTUP LABS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CITY STARTUP LABS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CITY STARTUP LABS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CITY STARTUP LABS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CITY STARTUP LABS INC?
- The 990 for the year ended December 31, 2024 names HENRY ROCK.
- Who are the officers and directors of CITY STARTUP LABS INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $81,667 (HENRY ROCK, EXECUTIVE DIRECTOR).
- How much revenue does CITY STARTUP LABS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $685,736, expenses of $812,959 and total assets of $488,750 at year end.
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All nonprofits in CHARLOTTE · North Carolina · Youth development