FEEDBACK LABS

EIN: 822145977 501(c)(3) Philanthropy & Grantmaking

WASHINGTON, DC

Total Revenue
$652,876
Total Expenses
$1,095,402
Total Assets
$2,106,014
Net Assets
$2,063,311
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
DE
Principal Officer
BRITT LAKE
Phone
3024558323
Tax Period
2024-01-01 to 2024-12-31

FEEDBACK LABS, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $653K in total revenue in fiscal year 2024. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 68% operating deficit.

Mission

FEEDBACK LABS' MISSION IS TO SUPPORT PHILANTHROPY, NONPROFITS, AND OTHER SOCIAL SECTOR ORGANIZATIONS TO REGULARLY LISTEN AND ACT ON FEEDBACK IN HIGH-QUALITY, EQUITABLE, AND INCLUSIVE WAYS. THESE SUPPORTED ORGANIZATIONS WILL EXCHANGE INFORMATION AND SHARE POWER WITH PEOPLE AT THE HEART OF THEIR WORK FOR MORE EFFECTIVE AND EQUITABLE OUTCOMES.

Program Service Accomplishments

Program 1
Expenses: $635,930 Revenue: $47,465

COMMUNITY: LABSTORMS/FEEDBACK SUMMIT, BLOG POSTS & MEMBERSHIP: FEEDBACK LABS OFFERS OPPORTUNITIES FOR NONPROFITS, FOUNDATIONS, AND GOVERNMENTS TO PARTICIPATE IN FEEDBACK LABS' EDUCATIONAL...

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COMMUNITY: LABSTORMS/FEEDBACK SUMMIT, BLOG POSTS & MEMBERSHIP: FEEDBACK LABS OFFERS OPPORTUNITIES FOR NONPROFITS, FOUNDATIONS, AND GOVERNMENTS TO PARTICIPATE IN FEEDBACK LABS' EDUCATIONAL PROGRAMMING, SUCH AS PROBLEM-SOLVING LABSTORMS, ISSUE-SPECIFIC SUMMITS, AND FELLOWSHIP PROGRAMS. SUCH EDUCATIONAL EVENTS PROVIDE OPPORTUNITIES FOR THESE ORGANIZATIONS TO JOIN THE FEEDBACK LABS' NETWORK OF ORGANIZATIONS AND INDIVIDUALS INTERESTED IN LEARNING MORE ABOUT FEEDBACK LOOPS AND THEIR POTENTIAL TO IMPROVE CHARITIES. IN ORDER FOR FEEDBACK TO BE THE EXPECTED THING, PEOPLE NEED TO HAVE A COMMUNITY TO SUPPORT THEM IN THEIR EFFORTS, SHARE EXPERIENCES, AND HELP CREATE STANDARDS, INCENTIVES, TOOLS, ETC. TOGETHER. THIS PROGRAM AIMS TO MAINTAIN A COMMUNITY WITH SCALABLE AND SYSTEMATIC WAYS (CONTINUED ON SCHEDULE O) TO ENGAGE THROUGH A COHERENT MEMBERSHIP STRUCTURE AND TO PROVIDE MEANINGFUL BENEFITS AND ENGAGEMENTS TO COMMUNITY MEMBERS. WE CONVENE THE ABOVE ORGANIZATIONS AND HUNDREDS MORE IN LARGE MEETINGS (ANNUAL SUMMITS AND CRASH COURSE); AND FREQUENT SMALLER MEETINGS (BI-WEEKLY LABSTORMS).

Program 2
Expenses: $161,086 Revenue: $2,859

INCENTIVES: COLLABORATIVE RESEARCH; IRRITANTS PROGRAMMING; AND FUNDER LEARNING GROUP: SINCE OUR INCEPTION, WE HAVE WORKED WITH MAJOR FOUNDATIONS, AID AGENCIES, GOVERNMENT AGENCIES, AND IMPACT...

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INCENTIVES: COLLABORATIVE RESEARCH; IRRITANTS PROGRAMMING; AND FUNDER LEARNING GROUP: SINCE OUR INCEPTION, WE HAVE WORKED WITH MAJOR FOUNDATIONS, AID AGENCIES, GOVERNMENT AGENCIES, AND IMPACT INVESTORS TO FRAME CONCEPTUAL ISSUES AND CARRY OUT RESEARCH RELATED TO FEEDBACK LOOPS. THIS HIGH LEVEL CONCEPTUAL AGENDA SUPPORTED NONPROFITS IN TAKING THEIR FIRST STEP TOWARDS NEW FEEDBACK PRACTICES AND BEHAVIORS. THE DEVELOPMENT OF THE INCENTIVES STRATEGY BUILT FROM THIS EARLY WORK. IN ORDER FOR FEEDBACK TO BECOME THE EXPECTED THING, IT NEEDS TO BE EASY TO CARRY OUT AND PEOPLE NEED TO BE REWARDED FOR DOING IT WELL. IN THIS PROGRAM, FEEDBACK LABS WORKS WITH EXISTING PLATFORMS, PHILANTHROPIC RATING SYSTEMS, AND OTHERS WORKING ON GOOD PUBLIC PRACTICE TO CREATE REWARDS FOR ORGANIZATIONS WHO ARE CARRYING OUT GOOD FEEDBACK PRACTICE.

Program 3
Expenses: $76,150 Revenue: $6,862

TOOLS AND TRAINING: FEEDBACK QUIZ; FEEDBACK RESOURCES & TOOLKIT; FEEDBACK WEBINARS; CRASH COURSE AND OTHER TRANINGS: FEEDBACK LABS PROMOTES EFFECTIVE FEEDBACK PRACTICES BY ENGAGING A GROWING...

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TOOLS AND TRAINING: FEEDBACK QUIZ; FEEDBACK RESOURCES & TOOLKIT; FEEDBACK WEBINARS; CRASH COURSE AND OTHER TRANINGS: FEEDBACK LABS PROMOTES EFFECTIVE FEEDBACK PRACTICES BY ENGAGING A GROWING COMMUNITY IN-PERSON AND THROUGH ONLINE FORUMS TO SUPPORT WIDESPREAD EXPERIMENTATION OF CLOSING FEEDBACK LOOPS. FEEDBACK LABS SUPPORTS PRACTICAL ACTION AND EXPERIMENTATION NEEDED TO FIGURE OUT HOW TO CLOSE THE LOOP BY CONNECTING PRACTITIONERS, RESEARCHERS, AND FUNDERS WITH TOOLS, APPROACHES, AND EACH OTHER. IN ORDER FOR FEEDBACK TO BE THE EXPECTED THING, THERE NEED TO BE EASILY ACCESSIBLE RESOURCES TO HELP PEOPLE TO DO FEEDBACK WELL. THIS PROGRAM SEEKS TO UNDERSTAND WHERE THE NEED AND DEMAND IS FOR FEEDBACK-RELATED TOOLS AND TRAININGS, TO CREATE AND CURATE TOOLS AND TRAINING TO MEET THAT (CONTINUED ON SCHEDULE O) DEMAND, AND TO COVER THE COSTS OF THESE ACTIVITIES THROUGH EARNED REVENUE. FEEDBACK LABS FURTHER DRIVES THE FEEDBACK DISCOURSE BY PROVIDING COMMON LANGUAGE AND THEORETICAL GROUNDING FOR FEEDBACK CONCEPTS. WE WORK AT SENIOR LEVELS IN AID AGENCIES, FOUNDATIONS, GOVERNMENTS, AND IMPACT INVESTORS TO ASSIST SENIOR MANAGEMENT TO DEVELOP STRATEGIES AND INCENTIVES FOR THE ADOPTION OF FEEDBACK LOOPS. WE ALSO WORK WITH FOUNDATIONS AND NONPROFITS TO SUPPORT THIS EDUCATIONAL WORK FOR THEIR GRANTEES OR STAFF, UNDER THE PREMISE THAT MORE INDIVIDUALS WITHIN ONE ORGANIZATION OR PROGRAM WHO PRACTICE FEEDBACK WILL SCALE THE IMPACT MORE QUICKLY. FINALLY, WE HOST A FEEDBACK FELLOWS PROGRAM TO HAVE A TAILORED AND SUPPORTED EXPERIENCE IN DEVELOPING AND IMPROVING THEIR FEEDBACK PRACTICE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $575,234
Program Service Revenue $57,186
Investment Income $20,456
Other Revenue $0
TOTAL REVENUE $652,876

Expense Breakdown

Grants Paid $72,564
Salaries & Benefits $768,202
Fundraising Expenses $12,244
Program Expenses $873,166
Other Expenses $254,636
TOTAL EXPENSES $1,095,402

Year-over-Year Comparison

2024 2023 Change
Revenue $652,876 $1,866,227 -0.7%
Expenses $1,095,402 $998,150 +0.1%
Net Income $-442,526 $868,077 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
6
Employees
7
Volunteers
8

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
3
$207,056
Total Directors
7
$207,056
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRITT LAKE CEO 40.00
Officer Director
$191,059 $15,997 $207,056
BRYAN SIMMONS BOARD CHAIR 1.00
Officer Director
$0 $0 $0
JEAN-LOUIS SARBIB TREASURER 1.00
Officer Director
$0 $0 $0
DENNIS WHITTLE DIRECTOR 1.00
Director
$0 $0 $0
HEATHER LANTHORN DIRECTOR 1.00
Director
$0 $0 $0
SABRINA HARGRAVE DIRECTOR 1.00
Director
$0 $0 $0
DAVE ALGOSO DIRECTOR 1.00
Director
$0 $0 $0
MEGAN CAMPBELL SR DIR OF PROGRAMS & STRATEGY 40.00
Highest
$118,021 $4,690 $122,711
ANTOINETTE GRIER DIRECTOR OF COMMUNITY AND EQUITY 40.00
Highest
$101,645 $9,076 $110,721
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 $652,876 $1,095,402 $2,106,014 $-442,526
2023 $1,866,227 $998,150 $2,600,417 $868,077
2022 $1,894,068 $831,147 $1,681,567 $1,062,921
2021 $374,540 $1,103,806 $613,187 $-729,266
2020 $1,222,830 $817,028 $1,427,016 $405,802
2019 $830,761 $777,453 $954,705 $53,308
2018 $632,008 $687,457 $919,584 $-55,449
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