Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2020.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
95 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; $211K paid to officers and key staff.
Brandon Marken’s $141K as President/Ce is at the 42nd percentile of top reported officer pay among 2832 $1–10M community development 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 · 4 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Brandon Marken | $140,780 | $128,600 | $122,000 | $104,667 | $84,906 |
| Ken Seneff | $140,780 | $128,600 | $122,000 | $104,667 | — |
| Ken Senef | — | — | — | — | $84,494 |
| Jennifer Rivera | — | — | $9,000 | $2,000 | — |
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 15aYes
Programs and updates
Fosters innovation by providing workspace, education, resources, and capital for entrepreneurs to launch and grow businesses.
Questions for Lean Rocket Lab
Your first name shows with your question. Lean Rocket Lab answers here, for everyone.
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Lean rocket lab removes common barriers to innovation by providing a collaborative workspace full of high energy entrepreneurs, advanced educational programming, helpful business resources, and access to various stages of capital so businesses or products can launch and thrive.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $144K | $159K |
| Land, buildings, equipmentLn 10c | $108K | $102K |
| Total assetsLn 16 | $274K | $438K |
| LiabilitiesLn 26 | $71K | $100K |
| Net assetsLn 32 | $203K | $339K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $209K | $209K | ||
| Other salaries and wagesLn 7 | $78K | $78K | ||
| Other employee benefitsLn 9 | $39K | $39K | ||
| Payroll taxesLn 10 | $23K | $23K | ||
| Accounting feesLn 11c | $22K | $22K | ||
| Other fees for servicesLn 11g | $44K | $44K | ||
| Advertising and promotionLn 12 | $9K | $9K | ||
| Office expensesLn 13 | $32K | $31K | $2K | |
| OccupancyLn 16 | $70K | $63K | $7K | |
| TravelLn 17 | $2K | $2K | ||
| Depreciation, depletion and amortizationLn 22 | $6K | $6K | ||
| InsuranceLn 23 | $3K | $2K | $256 | |
| Other expenses (24a–d)Ln 24 | $49K | $49K | ||
| Total functional expensesLn 25 | $586K | $556K | $30K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $1.9M | $1.6M | $298K | $620K | 990 PDF |
| FY2023 | $752K | $783K | −$30K | $322K | 990 PDF |
| FY2022 | $798K | $770K | $28K | $367K | 990 PDF |
| FY2021 Viewing | $721K | $586K | $135K | $339K | 990 PDF |
| FY2020 | $402K | $392K | $10K | $203K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $721,484 revenue, 12 lines filed
Part VI · Governance 6 of 8 board members independent, 2 to look at
Part VIII · Statement of revenue $721,484 across 5 lines filed
Part IX · Statement of functional expenses $586,077 across 13 lines filed
Part X · Balance sheet $438,200 assets, 13 lines filed
Part XI · Reconciliation of net assets $338,685 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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