Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2018.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
57 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
9 people listed on the 990; $163K paid to officers and key staff.
Christopher Hope’s $102K as Executive Director is at the 28th percentile of top reported officer pay among 1245 $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 · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Christopher Hope | $101,500 | $105,000 | $97,500 | $63,077 | $57,034 |
| Troy Ellerbee | $61,640 | $57,711 | $13,225 | — | — |
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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Trains women and adults of color in digital storytelling for tech careers.
Questions for Loop Lab INC
Your first name shows with your question. Loop Lab INC answers here, for everyone.
Know this org? Add your story
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $651K | $385K |
| Land, buildings, equipmentLn 10c | $13K | $63K |
| Total assetsLn 16 | $1.1M | $796K |
| LiabilitiesLn 26 | $171K | $256K |
| Net assetsLn 32 | $891K | $541K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $105K | $26K | $52K | $26K |
| Other salaries and wagesLn 7 | $362K | $238K | $60K | $64K |
| Other employee benefitsLn 9 | $35K | $20K | $8K | $7K |
| Payroll taxesLn 10 | $35K | $20K | $8K | $7K |
| Management feesLn 11a | $63K | $16K | $47K | |
| Accounting feesLn 11c | $28K | $28K | ||
| Professional fundraising feesLn 11e | $27K | $27K | ||
| Other fees for servicesLn 11g | $117K | $61K | $56K | |
| Advertising and promotionLn 12 | $27K | $13K | $10K | $4K |
| Information technologyLn 14 | $29K | $10K | $10K | $9K |
| OccupancyLn 16 | $80K | $64K | $12K | $4K |
| TravelLn 17 | $31K | $18K | $7K | $6K |
| InterestLn 20 | $2K | $2K | $309 | $103 |
| Depreciation, depletion and amortizationLn 22 | $15K | $12K | $2K | $729 |
| InsuranceLn 23 | $3K | $3K | ||
| Other expenses (24a–d)Ln 24 | $171K | $149K | $19K | $4K |
| All other expensesLn 24e | $9K | $113 | $9K | |
| Total functional expensesLn 25 | $1.1M | $648K | $333K | $158K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $1.2M | $1.4M | −$163K | $377K | 990 PDF |
| FY2023 Viewing | $789K | $1.1M | −$350K | $541K | 990 PDF |
| FY2022 | $1.3M | $778K | $521K | $891K | 990 PDF |
| FY2021 | $870K | $632K | $238K | $370K | 990 PDF |
| FY2020 | $382K | $335K | $47K | $132K | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $788,597 revenue, 12 lines filed
Part VI · Governance 7 of 9 board members independent, 1 to look at
Part VIII · Statement of revenue $788,597 across 6 lines filed
Part IX · Statement of functional expenses $1,138,955 across 17 lines filed
Part X · Balance sheet $796,165 assets, 14 lines filed
Part XI · Reconciliation of net assets $540,653 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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