Overview

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Est.

2015

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

LAB FOUR PROFESSIONAL DEVELOPM is a job training nonprofit focused on becoming a workforce development partner by providing tech training that helps businesses become more successful. In filing year 2023, it reported an operating budget of $1.9M and total revenue of $1.4M; the provided funder data lists MEMPHIS BIOWORKS FOUNDATION as a top funder, though the available figures do not indicate whether it accounted for 50% or more of revenue.

Mission Statement

Lab Four's mission s to become a key workforce development partner in three ways: by providing the best possibe technology training to help businesses become more sucessful; by providing the skills and credentials necesary for individuals to secure stable employment or pursue entrepreneurship opportunities in a high-demanding industry; and partnering with nonprofit organizations to help our community fulfill its vast potential.
Revenues
$2.7M
Expenses
$3.4M
Net Income:
-$639K
Assets
$2.3M
Liabilities
$170.5K
Net Assets:
+$2.1M
Operating Budget
$3.4M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$14K
Largest grant received
$14K
T
Tony Okhiria
Board Member
S
Stephanie Okhira
Board Member
T
Tony Okhira
Board Member
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Frequently Asked Questions

What is Lab Four Professional Development CenterInc’s budget?
In 2022, Lab Four Professional Development CenterInc reported an annual operating budget of around $3.4 million. More detailed financial information is available to registered users.
What causes does Lab Four Professional Development CenterInc support?
Lab Four Professional Development CenterInc supports work in Job training.
Where does Lab Four Professional Development CenterInc operate?
Lab Four Professional Development CenterInc is headquartered in Memphis, TN.
Who funded Lab Four Professional Development CenterInc recently?
In 2020, Lab Four Professional Development CenterInc received grants from MEMPHIS BIOWORKS FOUNDATION, MEMPHIS BIOWORKS FOUNDATION, and MEMPHIS BIOWORKS FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant Lab Four Professional Development CenterInc received in 2020?
The largest grant to Lab Four Professional Development CenterInc in 2020 exceeds $14 thousand.