Loop Lab INC FY2022 filing
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Trains women and adults of color in digital storytelling for tech careers. For fiscal year 2022 it reported $1.3M in revenue, $778K in expenses, and $891K in net assets.Pt I
Summary of the Filing
Where the work happens
Loop lab academy- our organization operates a free high school pre-apprenticeship program which prepares students for careers in the media ARTS/AV industries. We also provide summer programming for high school students.
Loop lab studio- our organization operates a video production studio that provides low cost and high-quality video services to cultural arts organizations and companies in greater boston. The studio hires many of our alumni, futhers their training, and generates revenue for the organization.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Christopher Hope’s $102K as Executive Director is at the 27th percentile of top reported officer pay among 1236 $1–10M employment 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 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Christopher Hope | $101,500 | $105,000 | $97,500 | $63,077 | — |
| Troy Ellerbee | $61,640 | $57,711 | $13,225 | — | — |
| Christopher Hope | — | — | — | — | $57,034 |
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
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 64% | — | — |
| Overhead ratio | 26% | — | — |
| Fundraising cost ratio | 6% | — | — |
| Revenue growth | 49% | — | — |
| Accounting fee ratio | 4% | — | — |
| Fundraising fee ratio | 5% | — | — |
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
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Filings & Schedule Manifest
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