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Cambio Labs Co FY2024 filing

Tax-deductible

Long Island City, NY501(c)(3)Since 2015Education EIN 46-5214867Revenue $302K in FY2024

On file with the IRScambiolabs.org3180 44th Street, 11103-2381 · Long Island City, NYTax-exempt since Mar 2015Publicly supported charity — 170(b)(1)(A)(vi)

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Cambio Labs economically empowers low-income youth, public housing residents, social entrepreneurs, and workers through entrepreneurship education, workforce training, and learning technology.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $58K a year · 17% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $58K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$302K
+79% vs prior year
Spent
$260K
To programs
100%
Net assets
$90K
By yearFY2023–FY2025
Revenue
$302K
FY2024▲ +79%
Tap a bar for its year
Revenue by fiscal year
FY2023$169K
FY2024$302K
FY2025$374K
Expenses
$260K
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2023Not on file
FY2024$260K
FY2025$300K
Net assets
$90K
FY2024▲ +172%
Tap a bar for its year
Net assets by fiscal year
FY2023$33K
FY2024$90K
FY2025$12K

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $260K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
David McLean
Board President/Secretary
$0Pt VII · Sec A
Isabella Martin
Board Member
$0Pt VII · Sec A
Daniela Lizagarra
Board Member
$0Pt VII · Sec A
Michelle Maluwetig
Board Member
$0Pt VII · Sec A
Mort Aaronson
Board Member
$0Pt VII · Sec A
See Cambio Labs Co executive salaries →

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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

Empowers people to start businesses that solve social problems.

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Provided by the organization

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3 programs · $260K · in their own filed words · FY2023
01

Program Expansion

Weve successfully launched Cambio Coding & AI for Social Impact to build digital literacy and economically empower rising entrepreneurs of low-income backgrounds.

$101Kprogram expense
02

Organizational Expansion

We have expanded to hire three full-time contractors, hired 32 instructors and interns, and supervised 31 volunteers. We joined the Social Justice Accelerator and the Public Policy Lab in year-long capacity building programs for our organization.

$80Kprogram expense
03

Program Expansion

We have launched StartUp NYCHA, a fully funded business incubator for public housing residents in New York City Housing Authority developments.

$80Kprogram 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
World Connect INCFY2024$25K
Public Policy LabFY2024$25K
Friends of the High Line INCFY2024$8K
Total grants receivedfrom 3 funders$58K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$302K
Ln 12
Fees for servicesLn 2g$237K
Gifts and grantsLn 1h$65K
Money outPt IX
$260K
Ln 25
Programscol B$260K
Owns and owesPt X
$90K
net assets · Ln 32
Cash and savingsLn 1–2$90K
Total assetsLn 16$90K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$65K
Fees for servicesLn 2g$237K
Total revenueLn 12$302K
Assets in detailPt X, end of year
CashLn 1$90K
Cash and savings togetherLn 1–2$90K
Total assetsLn 16$90K
LiabilitiesLn 26$0
Net assetsLn 32$90K
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
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
LineStart FY24End FY24
Cash and savingsLn 1–2$33K$90K
Total assetsLn 16$33K$90K
LiabilitiesLn 26$0$0
Net assetsLn 32$33K$90K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$367$367$0$0
Office expensesLn 13$61$61$0$0
TravelLn 17$301$301$0$0
All other expensesLn 24e$259K$259K$0$0
Total functional expensesLn 25$260K$260K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $374K$300K$75K$12K 990 PDF
FY2024 Viewing $302K$260K$42K$90K 990 PDF
FY2023 $169K$33K 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 O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $301,937 revenue, 12 lines filed
I-8 Contributions and grants$65,025
I-9 Program service revenue$236,912
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$301,937
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$259,818
I-18 Total expenses$259,818
I-19 Revenue less expenses$42,119
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $301,937 across 4 lines filed
VIII-1f All other contributions, gifts and grants$65,025
VIII-1h Total contributions, gifts and grants$65,025
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$236,912
VIII-12 Total revenueRelated to mission $236,912 · Unrelated business $0 · Excluded from tax $0$301,937
Part IX · Statement of functional expenses $259,818 across 4 lines filed
IX-12 Advertising and promotionPrograms $367 · Management $0 · Fundraising $0$367
IX-13 Office expensesPrograms $61 · Management $0 · Fundraising $0$61
IX-17 TravelPrograms $301 · Management $0 · Fundraising $0$301
IX-24e All other expensesPrograms $259,089 · Management $0 · Fundraising $0$259,089
IX-25 Total functional expensesPrograms $259,818 · Management $0 · Fundraising $0$259,818
Part X · Balance sheet $90,493 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $33,260$90,493
X-16 Total assetsStart of year $33,260$90,493
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $33,260$90,493
X-32 Total net assets or fund balancesStart of year $33,260$90,493
X-33 Total liabilities and net assetsStart of year $33,260$90,493
Part XI · Reconciliation of net assets $90,493 net assets at year end
XI-1 Total revenue$301,937
XI-2 Total expenses$259,818
XI-3 Revenue less expenses$42,119
XI-4 Net assets at start of year$33,260
XI-8 Prior period adjustments$15,114
XI-10 Net assets at end of year$90,493

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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