Nova Labs INC: Nonprofit Profile, Financials & Form 990 (EIN 45-3796580)

Greg Sarkisian’s $38K as Facility & Building Manager is at the 5th percentile of top reported officer pay among 1691 $1–10M philanthropy & grantmaking 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 · 3 named individuals · Part VII

Name	FY2024	FY2023
Derrick Washington	—	$75,192
Greg Sarkisian	$37,846	$39,693
Adele Nicole Jazet-Paarlberg	—	$29,475

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers workshops and a maker space for community members to design, build, and learn technical skills.

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Provided by the organization

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3 programs · $465K · in their own filed words · FY2024

01

Education & innovation-nova labs volunteers provide education programs in the form of classes, training, and hands-on workshops.

$330Kprogram expense

02

Nova labs provides a facility for members of the community to design and fabricate technical and industrial works.

$117Kprogram expense

03

Outreach

Nova labs sponsors an annual maker faire event in the northern virginia region. The event showcases makers and their projects and is intended to promote competence in technical and industrial arts.

$19Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2024

For Inspiration and Recognition of Science and Technology FirstFY2024$6K

Charities Aid Foundation AmericaFY2024$5K

Total grants receivedfrom 2 funders$11K

By the numbers

The FY2025 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$1.6M

Ln 12

Gifts and grantsLn 1h$1.2M

Fees for servicesLn 2g$263K

Other incomeLn 4–11$157K

Money outPt IX

$1.4M

Ln 25

Programscol B$465K

Managementcol C$912K

Fundraisingcol D$6K

Owns and owesPt X

$1.9M

net assets · Ln 32

Cash and savingsLn 1–2$153K

Total assetsLn 16$5.7M

LiabilitiesLn 26$3.9M

PeoplePt VI, VII

11

listed · VII A

PaidVII A0

Voting boardVI 1a11

IndependentVI 1b11

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.2M

Government grantsLn 1e$22K

Noncash giftsLn 1g$363K

Fees for servicesLn 2g$263K

Investment incomeLn 3$344

Other incomeLn 4–11$157K

Gains on assetsLn 7−$3K

Total revenueLn 12$1.6M

Assets in detailPt X, end of year

CashLn 1$153K

Cash and savings togetherLn 1–2$153K

Land, buildings, equipmentLn 10c$5.5M

Total assetsLn 16$5.7M

LiabilitiesLn 26$3.9M

Net assetsLn 32$1.9M

OperationsPt I, VI

EmployeesI 515

VolunteersI 6150

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$261K	$153K
Land, buildings, equipmentLn 10c	$5.2M	$5.5M
Total assetsLn 16	$5.5M	$5.7M
LiabilitiesLn 26	$3.9M	$3.9M
Net assetsLn 32	$1.6M	$1.9M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$4K	$4K
Other salaries and wagesLn 7	$248K	$105K	$143K	$0
Payroll taxesLn 10	$22K	$10K	$12K	$0
Accounting feesLn 11c	$25K	$0	$25K	$0
Other fees for servicesLn 11g	$179K	$112K	$67K	$0
Advertising and promotionLn 12	$9K	$1K	$8K	$0
Office expensesLn 13	$7K	$1K	$5K	$0
Information technologyLn 14	$25K	$169	$25K	$0
OccupancyLn 16	$5K	$891	$4K	$0
TravelLn 17	$42K	$42K	$0	$0
InterestLn 20	$246K	$0	$246K	$0
Depreciation, depletion and amortizationLn 22	$124K	$67K	$57K	$0
InsuranceLn 23	$44K	$0	$44K	$0
All other expensesLn 24e	$404K	$122K	$277K	$6K
Total functional expensesLn 25	$1.4M	$465K	$912K	$6K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$1.6M	$1.4M	$264K	$1.9M	990 PDF
FY2024	$1.4M	$1.3M	$159K	$1.6M	990 PDF
FY2023	$1.3M	$971K	$362K	$1.4M	990 PDF
FY2022	$1.2M	$888K	$275K	$1.1M	990 PDF
FY2021	$838K	$823K	$15K	$793K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $1,646,943 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,019,338$1,226,712

I-9 Program service revenuePrior year $225,300$263,418

I-10 Investment incomePrior year −$17,960−$2,439

I-11 Other revenuePrior year $215,210$159,252

I-12 Total revenuePrior year $1,441,888$1,646,943

I-13 Grants and similar amounts paid$3,511

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $260,627$270,557

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $1,021,951$1,108,894

I-18 Total expensesPrior year $1,282,578$1,382,962

I-19 Revenue less expensesPrior year $159,310$263,981

Part VI · Governance 11 of 11 board members independent, 3 to look at

VI-1a Voting members of the governing body11

VI-1b Independent voting members11

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $1,646,943 across 10 lines filed

Lines not itemized here account for $12,196 of total revenue; see the IRS return.

VIII-1b Membership dues$691,800

VIII-1e Government grants$22,493

VIII-1f All other contributions, gifts and grants$512,419

VIII-1g Noncash contributions (included above)$363,358

VIII-1h Total contributions, gifts and grants$1,226,712

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$263,418

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$344

VIII-6 Net rental income or lossRelated to mission $147,056$147,056

VIII-7 Net gain or loss on sales of assetsRelated to mission −$2,783 · Unrelated business $0 · Excluded from tax $0−$2,783

VIII-12 Total revenueRelated to mission $420,231 · Unrelated business $0 · Excluded from tax $0$1,646,943

Part IX · Statement of functional expenses $1,382,962 across 14 lines filed

IX-1 Grants to domestic organizationsPrograms $3,511$3,511

IX-7 Other salaries and wagesPrograms $105,132 · Management $143,251 · Fundraising $0$248,383

IX-10 Payroll taxesPrograms $9,929 · Management $12,245 · Fundraising $0$22,174

IX-11c Accounting feesPrograms $0 · Management $24,594 · Fundraising $0$24,594

IX-11g Other fees for servicesPrograms $112,352 · Management $66,620 · Fundraising $0$178,972

IX-12 Advertising and promotionPrograms $1,319 · Management $8,022 · Fundraising $0$9,341

IX-13 Office expensesPrograms $1,221 · Management $5,470 · Fundraising $0$6,691

IX-14 Information technologyPrograms $169 · Management $24,778 · Fundraising $0$24,947

IX-16 OccupancyPrograms $891 · Management $3,961 · Fundraising $0$4,852

IX-17 TravelPrograms $41,543 · Management $0 · Fundraising $0$41,543

IX-20 InterestPrograms $0 · Management $245,524 · Fundraising $0$245,524

IX-22 Depreciation, depletion and amortizationPrograms $67,189 · Management $57,008 · Fundraising $0$124,197

IX-23 InsurancePrograms $0 · Management $44,024 · Fundraising $0$44,024

IX-24e All other expensesPrograms $121,626 · Management $276,583 · Fundraising $6,000$404,209

IX-25 Total functional expensesPrograms $464,882 · Management $912,080 · Fundraising $6,000$1,382,962

Part X · Balance sheet $5,719,607 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $261,142$152,764

X-9 Prepaid expenses and deferred chargesStart of year $21,109$21,609

X-10c Land, buildings and equipment, netStart of year $5,202,279$5,545,234

X-16 Total assetsStart of year $5,484,761$5,719,607

X-17 Accounts payable and accrued expensesStart of year −$1,204−$1,302

X-25 Other liabilitiesStart of year $25,870$25,870

X-26 Total liabilitiesStart of year $3,893,580$3,864,445

X-27 Net assets without donor restrictionsStart of year $1,591,181$1,855,162

X-32 Total net assets or fund balancesStart of year $1,591,181$1,855,162

X-33 Total liabilities and net assetsStart of year $5,484,761$5,719,607

Part XI · Reconciliation of net assets $1,855,162 net assets at year end

XI-1 Total revenue$1,646,943

XI-2 Total expenses$1,382,962

XI-3 Revenue less expenses$263,981

XI-4 Net assets at start of year$1,591,181

XI-10 Net assets at end of year$1,855,162

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Nova Labs INC

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