Madlab EIN 31-1635762

Madlab

EIN  31-1635762 Public charity (501(c)(3)) Columbus, OH
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Produces theatre and offers an affordable venue for diverse artistic performances.
Leadership
Bruce Coates · Member at Large · $12K
Money in and out
$433K revenue, $118K expenses
Bottom line
90% program efficiency

Produces theatre and offers an affordable venue for diverse artistic performances. For fiscal year 2025 it reported $433K in revenue, $118K in expenses, and $669K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$433K
Pt VIII · Ln 12
Total expenses
$118K
Pt IX · Ln 25
Net assets
$669K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $315K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Program efficiency
90%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
31.1mo
months of highly liquid reserves at operating expense rate▲ +122% vs prior filing year
Surplus margin
+73%
revenue over expenses, this year▲ +246% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$433K
FY2025▲ +183%
Expenses
$118K
FY2025▼ -2%
Total assets
$834K
FY2025▲ +61%
Total liabilities
$166K
FY2025▼ -3%
Total revenue
$433K
Pt VIII · Ln 12
Total expenses
$118K
Pt IX · Ln 25
Net assets
$669K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$315K
Total assetsPt X · Ln 16$834K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $106K of program spending, described in the organization's own filed words · FY2024.
01

MadLab produced a full season of theatre in Fiscal Year 2024-2025 and operated a performing arts venue for other artists and organizations to utilize to produce their own work for the public.

$106Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMadlab
EINHdr · item D31-1635762
Principal addressHdr · item CColumbus, OH
WebsiteHdr · item Jmadlab.net
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A610)
Ruling yearIRS BMFMar 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Member at Large
$12,391Pt VII · Sec A
Member at Large (non-Voting)
$8,801Pt VII · Sec A
Board President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A

Bruce Coates’s $12K as Member at Large is at the 9th percentile of top reported officer pay among 2213 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024
Bruce Coates$12,391
Eric Myers$8,801$4,050

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$372K · 86%
Program service revenue$56K · 13%
Investment income$5K · 1%
Contributions & grants86%$372K
Program service revenue13%$56K
Investment income1%$5K
— government grantsLn 1e$332K
Total revenueLn 12$433K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$106K
Management & general10%$12K
Total functional expensesLn 25$118K

Balance Sheet

Part X · end of year
CashLn 1$234K
Total assetsLn 16$834K
Total liabilitiesLn 26$166K
Total net assetsLn 32$669K
Months of cash on handcomputed23.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $306K · Operating expenses/yr $118K
31.1 months
Where the money goes
Program services
Program services $106K · Total expenses $118K
90%
Management & General
Management & general $12K · Total expenses $118K
10%
Fundraising
Fundraising $0 · Total expenses $118K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $33K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $372K · Total revenue $433K
86%
Government reliance
Government grants $332K · Total revenue $433K
77%
Earned-income share
Program service revenue $56K · Total revenue $433K
13%
Investment reliance
Investment income $5K · Total revenue $433K
+1%
Program self-sufficiency
Program service revenue $56K · Total expenses $118K
47%
Growth & trend
Revenue growth (YoY)
This year $433K · Prior year $153K
+183%
Revenue CAGR
FY2019 $108K · FY2024 $433K
+32%
Net-asset trend (YoY)
End of year $669K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $433K · Expenses $118K
+73%
Liabilities-to-Assets
Total liabilities — · Total assets $834K
Net-asset ratio
Net assets $669K · Total assets $834K
80%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $72K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $834K
9%
People & payroll
Highest Reported Total Compensation
Individual Bruce Coates · Reported title Member at Large · Highest reported compensation $12K · Total expenses $118K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $8K · Total expenses $118K
7%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Fundraising cost ratio 0%
Revenue growth 183%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%

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 · FY2025
Total grants receivedfrom 1 funder$40K

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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
FY2025 (Latest)$433K revenue · viewing · ⤓ 990 PDF
FY2024$153K revenue · ⤓ 990 PDF
FY2023$106K revenue · ⤓ 990 PDF
FY2022not on file
FY2021$78K revenue · ⤓ 990 PDF
FY2020$108K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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