Axs Lab INC EIN 26-3805278 Form 990 (PDF) Claim this org

Axs Lab INC

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Creates documentaries and media for people affected by Multiple Sclerosis. For fiscal year 2024 it reported $520K in revenue, $254K in expenses, and $1.2M in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Long Island City, NY
Website
www.axslab.org
Filings
5 on file (2020–2024)
Revenue
$520KFY2024
Expenses
$254K
Net assets
$1.2M
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-3805278 Public charity (501(c)(3)) Long Island City, NY
Form 990 (PDF)
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Size
$100K–1M
What they do
Creates documentaries and media for people affected by Multiple Sclerosis.
Leadership
Siddartha Joag · Board Member
Money in and out
$520K revenue, $254K expenses
Bottom line
60% program efficiency
Where the money goes · FY2024
Total revenue
$520K
Pt VIII · Ln 12
Total expenses
$254K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $266K
Where spending went · Part IX cols B–D
Program services $0.60 Management & general $0.40
Program efficiency
60%
of spending reaches programs▲ +101% vs prior filing year
Operating runway
55.7mo
months of highly liquid reserves at operating expense rate▲ ×15 vs prior filing year
Surplus margin
+51%
revenue over expenses, this year▲ +265% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$520K
FY2024▲ +82%
Expenses
$254K
FY2024▼ -32%
Total assets
$1.2M
FY2024▲ ×10
Total liabilities
$2K
FY2024▼ -31%
Total revenue
$520K
Pt VIII · Ln 12
Total expenses
$254K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$266K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B60%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAxs Lab INC
EINHdr · item D26-3805278
Principal addressHdr · item CLong Island City, NY
WebsiteHdr · item Jwww.axslab.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A70)
Ruling yearIRS BMFAug 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Treasurerofficer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $152K of program spending, described in the organization's own filed words · FY2024.
01

Drive social change needed to serve impoverished and underserved population. We utilize the qualititative story-telling of film and the quantitative data gathering of new media to further our objective. AXS Lab makes movies by disabled people telling the stories of disabled people.

$138Kprogram expense
02

We utilize the qualitative story-telling of film and the quantitative data gathering of new media to further our objectives. AXS Lab makes movies by disabled people telling the stories of disabled people and has created an online accessibility mapping tool called AXS Map (AXSMAP.COM).

$13Kprogram expense
03

AXS Lab is a nonprofit that is building a network of organizations and people to supercharge the movement for inclusion of people with disabilities. We aim to engage audiences to playfully explore the disability experience using new media, films, technology and the power of story.

$2Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$445K · 86%
Program service revenue$55K · 11%
Investment income$20K · 4%
Contributions & grants86%$445K
Program service revenue11%$55K
Investment income4%$20K
Total revenueLn 12$520K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.60 Management & general $0.40
Program services60%$152K
Management & general40%$102K
Total functional expensesLn 25$254K

Balance Sheet

Part X · end of year
CashLn 1$24K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$2K
Total net assetsLn 32$1.2M
Months of cash on handcomputed1.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses/yr $254K
55.7 months
Where the money goes
Program services
Program services $152K · Total expenses $254K
60%
Management & General
Management & general $102K · Total expenses $254K
40%
Fundraising
Fundraising $0 · Total expenses $254K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $431K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $445K · Total revenue $520K
86%
Government reliance
Government grants — · Total revenue $520K
Earned-income share
Program service revenue $55K · Total revenue $520K
11%
Investment reliance
Investment income $20K · Total revenue $520K
+4%
Program self-sufficiency
Program service revenue $55K · Total expenses $254K
22%
Growth & trend
Revenue growth (YoY)
This year $520K · Prior year $286K
+82%
Revenue CAGR
FY2020 $264K · FY2024 $520K
+18%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $520K · Expenses $254K
+51%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.2M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.2M
95%
People & payroll
Highest Reported Total Compensation
Individual Siddartha Joag · Reported title Board Member · Highest reported compensation $0 · Total expenses $254K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1K · Total expenses $254K
0.5%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 60%
Overhead ratio 40%
Fundraising cost ratio 0%
Revenue growth 82%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Ford FoundationFY2024$100K
Total grants receivedfrom 3 funders$222K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$520K revenue · viewing · ⤓ 990 PDF
FY2023$286K revenue · ⤓ 990 PDF
FY2022$577K revenue · ⤓ 990 PDF
FY2021$615K revenue · ⤓ 990 PDF
FY2020$264K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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