Jff Labs INC

Boston, MAUnknown exempt organization EIN 90-2050199Revenue $652K in FY2022Latest filing we have: 2021. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSjff.orgBoston, MA

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Jfflabs provides a critical connection between traditional systems and new technology, financial models, and forward-leaning leaders. Together, we address the challenges to economic advancement faced by students, workers, and the businesses and systems that serve them.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 90-2050199) · Dispute this line
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
The latest return is for FY2022, 4 tax years back.
IRS e-file · Filing history
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
48.8 mo
of spending, in cash
48.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$11.6M
71% of total assets
Liabilities are 71% of assets.
Pt X · Ln 26
Independent board members
3
of 4 voting members
3 of 4 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$652K
Spent
$2.0M
To programs
100%
Net assets
$4.7M

From the FY2022 Form 990 (year ending September 2022) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $2.0M

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
CEO & Clerk
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Jff Labs INC executive salaries →

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

Connects traditional systems with new technology and leaders to advance economic opportunity for students and workers.

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1 program · $2.0M · in their own filed words · FY2021
01

JFF labs, inc. Identifies, develops, invests and scales workforce and education innovations and technologies to benefit low-income individuals, communities and the public at large. Its goal is to create positive change in education and workforce systems and ultimately create economic advancement opportunities for the individuals.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 90-2050199) · Dispute this line
$2.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $20K · 2021–2021

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$652K
Ln 12
Gifts and grantsLn 1h$571K
Investment incomeLn 3$81K
Money outPt IX
$2.0M
Ln 25
Programscol B$2.0M
Owns and owesPt X
$4.7M
net assets · Ln 32
Cash and savingsLn 1–2$8.0M
Total assetsLn 16$16.2M
LiabilitiesLn 26$11.6M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$571K
Noncash giftsLn 1g$420K
Investment incomeLn 3$81K
Total revenueLn 12$652K
Assets in detailPt X, end of year
CashLn 1$8.0M
Cash and savings togetherLn 1–2$8.0M
Notes and loans receivableLn 7$4.4M
Prepaid expenses and deferred chargesLn 9$46K
InvestmentsLn 11–13$3.9M
Total assetsLn 16$16.2M
LiabilitiesLn 26$11.6M
Net assetsLn 32$4.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$420K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$9.5M$8.0M
InvestmentsLn 11–13$1.9M$3.9M
Total assetsLn 16$14.3M$16.2M
LiabilitiesLn 26$8.0M$11.6M
Net assetsLn 32$6.3M$4.7M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$20K$20K
Other salaries and wagesLn 7$628K$628K
Pension plan contributionsLn 8$129K$129K
Other employee benefitsLn 9$42K$42K
Other fees for servicesLn 11g$157K$157K
Information technologyLn 14$2K$2K
OccupancyLn 16$24K$24K
TravelLn 17$25K$25K
Conferences, conventions and meetingsLn 19$31K$31K
Other expenses (24a–d)Ln 24$899K$899K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$2.0M$2.0M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest ViewingFiled with the IRS Aug 3, 2023 $652K$2.0M−$1.3M$4.7M 990 PDF

Schedules filed Part IV

I · Grants M · Noncash O · Explanations
See the full FY2022 990
Part I · Summary $652,448 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,313,740$571,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $50,625$81,448
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,364,365$652,448
I-13 Grants and similar amounts paidPrior year $30,000$20,258
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $639,587$798,495
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $506,162$1,141,139
I-18 Total expensesPrior year $1,175,749$1,959,892
I-19 Revenue less expensesPrior year $1,188,616−$1,307,444
Part VI · Governance 3 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $652,448 across 5 lines filed
VIII-1f All other contributions, gifts and grants$571,000
VIII-1g Noncash contributions (included above)$420,000
VIII-1h Total contributions, gifts and grants$571,000
VIII-3 Investment incomeExcluded from tax $81,448$81,448
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $81,448$652,448
Part IX · Statement of functional expenses $1,959,892 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $20,258$20,258
IX-7 Other salaries and wagesPrograms $627,870$627,870
IX-8 Pension plan contributionsPrograms $128,767$128,767
IX-9 Other employee benefitsPrograms $41,858$41,858
IX-11g Other fees for servicesPrograms $156,782$156,782
IX-14 Information technologyPrograms $1,942$1,942
IX-16 OccupancyPrograms $24,308$24,308
IX-17 TravelPrograms $25,194$25,194
IX-19 Conferences, conventions and meetingsPrograms $30,943$30,943
IX-24 Other expenses (24a–d)Programs $898,619$898,619
IX-24e All other expensesPrograms $3,351$3,351
IX-25 Total functional expensesPrograms $1,959,892 · Management $0 · Fundraising $0$1,959,892
Part X · Balance sheet $16,242,367 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $9,548,918$7,974,723
X-7 Notes and loans receivableStart of year $2,860,000$4,352,902
X-9 Prepaid expenses and deferred charges$46,494
X-11 Publicly traded securitiesStart of year $1,928,124$3,868,248
X-16 Total assetsStart of year $14,341,542$16,242,367
X-17 Accounts payable and accrued expensesStart of year $97,233$259,676
X-23 Secured mortgages and notes payableStart of year $7,908,226$11,156,185
X-25 Other liabilitiesStart of year $13,809$174,037
X-26 Total liabilitiesStart of year $8,019,268$11,589,898
X-27 Net assets without donor restrictionsStart of year $2,056,641$593,261
X-28 Net assets with donor restrictionsStart of year $4,265,633$4,059,208
X-32 Total net assets or fund balancesStart of year $6,322,274$4,652,469
X-33 Total liabilities and net assetsStart of year $14,341,542$16,242,367
Part XI · Reconciliation of net assets $4,652,469 net assets at year end
XI-1 Total revenue$652,448
XI-2 Total expenses$1,959,892
XI-3 Revenue less expenses−$1,307,444
XI-4 Net assets at start of year$6,322,274
XI-9 Other changes in net assets−$362,361
XI-10 Net assets at end of year$4,652,469

Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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