CITY STARTUP LABS INC

EIN: 455028985 501(c)(3) Youth Development

CHARLOTTE, NC

Total Revenue
$799,109
Total Expenses
$880,833
Total Assets
$451,820
Net Assets
$314,941
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NY
Principal Officer
HENRY ROCK
Phone
7048073000
Tax Period
2023-01-01 to 2023-12-31

CITY STARTUP LABS INC, founded in 2016, is a small nonprofit in the Youth Development sector that reported $799K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $881K exceeded revenue, resulting in a 10% operating deficit.

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 Service Accomplishments

Program 1
Expenses: $771,562 Revenue: $394,725

ESTABLISHING THE CENTER OF EXCELLENCE FOR ENTREPRENEURIAL COMPETENCY, INNOVATION AND LEADERSHIP (COE) AT THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $404,384
Program Service Revenue $394,725
Investment Income $0
Other Revenue $0
TOTAL REVENUE $799,109

Expense Breakdown

Grants Paid $121,780
Salaries & Benefits $112,947
Fundraising Expenses $0
Program Expenses $771,562
Other Expenses $646,106
TOTAL EXPENSES $880,833

Year-over-Year Comparison

2023 2022 Change
Revenue $799,109 $1,087,508 -0.3%
Expenses $880,833 $845,555 +0.0%
Net Income $-81,724 $241,953 -1.3%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
5
Employees
1
Volunteers
5

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$105,000
Total Directors
6
$105,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN LYGHT CO-CHAIR 5.00
Officer Director
$0 $0 $0
NIA ROCK CO-CHAIR 5.00
Officer Director
$0 $0 $0
LIZ THOMAS-HOLLIER TREASURER 5.00
Officer Director
$0 $0 $0
SONDRA HINES YATES SECRETARY 5.00
Officer Director
$0 $0 $0
ROBYN MASSEY DIRECTOR 0.50
Director
$0 $0 $0
HENRY ROCK EXECUTIVE DIRECTOR 40.00
Officer Director
$100,000 $5,000 $105,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $799,109 $880,833 $451,820 $-81,724
2022 $1,087,508 $845,555 $428,484 $241,953
2021 $621,491 $582,363 $161,849 $39,128
2020 $285,347 $205,535 $119,875 $79,812
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