Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2021.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
84 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
4 people listed on the 990; $75K paid to officers and key staff.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| John O'Keeffe | $131,385 | $95,829 | $37,500 |
| Ian Cain | $127,385 | $89,469 | $37,500 |
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
Supports entrepreneurs creating practical business solutions to improve commerce and government.
Questions for Qubic Labs INC
Your first name shows with your question. Qubic Labs INC answers here, for everyone.
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Identifying and supporting entrepreneurs providing practical business solutions. We are committed to building an ecosystem of entrepreneurs that will make commerce and government more efficient, effective and innovative.
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $36K | $28K |
| Total assetsLn 16 | $37K | $28K |
| LiabilitiesLn 26 | $19K | $161K |
| Net assetsLn 32 | $18K | −$132K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $75K | $59K | $16K | |
| Other salaries and wagesLn 7 | $57K | $45K | $12K | |
| Payroll taxesLn 10 | $9K | $7K | $2K | |
| Legal feesLn 11b | $28K | $26K | $1K | |
| Other fees for servicesLn 11g | $25K | $25K | ||
| Advertising and promotionLn 12 | $31K | $28K | $2K | |
| Office expensesLn 13 | $22K | $2K | $20K | |
| OccupancyLn 16 | $17K | $17K | ||
| TravelLn 17 | $16K | $5K | $12K | |
| Conferences, conventions and meetingsLn 19 | $293K | $291K | $2K | |
| InterestLn 20 | $3K | $3K | ||
| InsuranceLn 23 | $781 | $781 | ||
| Other expenses (24a–d)Ln 24 | $9K | $4K | $5K | |
| Total functional expensesLn 25 | $585K | $493K | $92K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $1.1M | $1.1M | −$75K | $38K | 990 PDF |
| FY2023 | $1.0M | $799K | $245K | $113K | 990 PDF |
| FY2022 Viewing | $435K | $585K | −$150K | −$132K | 990 PDF |
| FY2021 | $134K | $18K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $434,816 revenue, 12 lines filed
Part VI · Governance 2 of 3 board members independent, 2 to look at
Part VIII · Statement of revenue $434,816 across 5 lines filed
Part IX · Statement of functional expenses $584,993 across 13 lines filed
Part X · Balance sheet $28,402 assets, 10 lines filed
Part XI · Reconciliation of net assets −$132,322 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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