Eigerlab Nfp EIN 47-2534715

Eigerlab Nfp FY2023 filing

EIN  47-2534715 Public charity (501(c)(3)) Rockford, IL
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Helps entrepreneurs launch, grow, and expand businesses with resources, mentoring, and funding.
Leadership
Chris Agnitsch · President
Money in and out
$68K revenue, $44K expenses
Bottom line
93% program efficiency

Helps entrepreneurs launch, grow, and expand businesses with resources, mentoring, and funding. For fiscal year 2023 it reported $68K in revenue, $44K in expenses, and $44K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$68K
Pt VIII · Ln 12
Total expenses
$44K
Pt IX · Ln 25
Net assets
$44K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $24K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.07
Program efficiency
93%
of spending reaches programs
Operating runway
10.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+35%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$68K
FY2023▼ -82%
Expenses
$44K
FY2023▼ -92%
Total assets
$65K
FY2023▼ -19%
Total liabilities
$21K
FY2023▼ -17%
Total revenue
$68K
Pt VIII · Ln 12
Total expenses
$44K
Pt IX · Ln 25
Net assets
$44K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$24K
Total assetsPt X · Ln 16$65K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

2 program services account for $41K of program spending, described in the organization's own filed words · FY2022.
01

Product Development

The center for product development serves the region with commercialization and engineering support services.

$20Kprogram expense
02

Business Services

Assist with business planning, strategic planning, peer to peer learning, investor presentation preparation, and more.

$20Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEigerlab Nfp
EINHdr · item D47-2534715
Principal addressHdr · item CRockford, IL
WebsiteHdr · item Jeigerlab.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFMar 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b7
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$40K · 59%
Program service revenue$28K · 41%
Contributions & grants59%$40K
Program service revenue41%$28K
— government grantsLn 1e$40K
Total revenueLn 12$68K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$41K
Management & general7%$3K
Total functional expensesLn 25$44K

Balance Sheet

Part X · end of year
CashLn 1$38K
Total assetsLn 16$65K
Total liabilitiesLn 26$21K
Total net assetsLn 32$44K
Months of cash on handcomputed10.3

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $38K · Operating expenses/yr $44K
10.3 months
Where the money goes
Program services
Program services $41K · Total expenses $44K
93%
Management & General
Management & general $3K · Total expenses $44K
7%
Fundraising
Fundraising $0 · Total expenses $44K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $40K · Total revenue $68K
59%
Government reliance
Government grants $40K · Total revenue $68K
59%
Earned-income share
Program service revenue $28K · Total revenue $68K
41%
Investment reliance
Investment income $0 · Total revenue $68K
0%
Program self-sufficiency
Program service revenue $28K · Total expenses $44K
63%
Growth & trend
Revenue growth (YoY)
This year $68K · Prior year $386K
-82%
Net-asset trend (YoY)
End of year $44K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $68K · Expenses $44K
+35%
Liabilities-to-Assets
Total liabilities — · Total assets $65K
Net-asset ratio
Net assets $44K · Total assets $65K
67%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $65K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Chris Agnitsch · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $44K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $44K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 7%
Fundraising cost ratio 0%
Revenue growth -82%
Legal fee ratio 0%
Accounting fee ratio 3%

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.

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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)$22K revenue · ⤓ 990 PDF
FY2023$68K revenue · viewing · ⤓ 990 PDF
FY2022not on file
FY2021$386K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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