Overview
What is Feedback Labs?
Feedback Labs is a nonprofit organization based in Washington, D.C., specifically at 1100 13th Street NW 800. Their mission is to promote feedback as a standard practice in the aid, philanthropy, nonprofit, and government sectors. They accomplish this by offering educational programming, such as problem-solving LabStorms, issue-specific summits, and fellowship programs. These events provide opportunities for nonprofits, foundations, and governments to join their network, learn about feedback loops, and collaborate in improving charities. Feedback Labs maintains a supportive community through scalable and systematic methods, engaging members through a coherent membership structure and offering meaningful benefits and engagements. They convene large annual summits and crash courses, as well as smaller bi-weekly LabStorms, with hundreds of participating organizations. The organization aims to foster a community that can share experiences, create standards, incentives, tools, and more, collectively advancing their mission.
Official website here: www.feedbacklabs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99%, Four-Star out of Four Star Rating
Feedback Labs has achieved an impressive 99% overall score, reflecting its strong commitment to accountability and finance, where it scored a perfect 100%. The organization has a predominantly independent board, with 83% of its members being independent, further enhancing its credibility. Additionally, it has received full marks in its audit and oversight practices, conflict of interest policy, and transparency in financial reporting, indicating a well-managed and trustworthy organization.
In terms of culture and community, Feedback Labs excels as well, scoring 91%. The organization demonstrates an exceptional ability to collect and utilize constituent feedback, with perfect scores in feedback collection and usage practices. This indicates that they actively engage with their stakeholders and value their input in decision-making processes, showcasing a strong commitment to inclusive practices.
While the organization holds a strong financial standing and has robust governance structures in place, its score for equity strategies, while commendable at 87 out of 100, suggests there may still be room for enhancement in addressing equity issues within its operations. Overall, Feedback Labs stands out as a highly rated organization, prioritizing accountability, transparency, and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Feedback Labs legitimate?
Feedback Labs is a legitimate nonprofit organization registered as a 501(c)(3) entity. Feedback Labs submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $194,359
Professional Fundraising Fees: $0
Other Salaries and Wages: $373,372
For more financial information, click here
Official website here: www.feedbacklabs.org
What is the mission statement of Feedback Labs?
Feedback Labs aims to establish feedback as a standard practice in aid, philanthropy, nonprofits, and government sectors. To achieve this, they offer educational programs for nonprofits, foundations, and governments, such as problem-solving LabStorms, issue-specific summits, and fellowship programs. These events enable participating organizations to join Feedback Labs' network, learn about feedback loops, and collaborate on improving charities. To foster a supportive community, Feedback Labs maintains a scalable and systematic membership structure, providing meaningful benefits and engagements to its members. They convene large meetings, including annual summits and crash courses, and smaller bi-weekly LabStorms, inviting hundreds of organizations to participate.
Official website here: www.feedbacklabs.org
Who is the CEO of Feedback Labs?
Britt Lake is the CEO of Feedback Labs The CEO's salary of Feedback Labs is $178,501 and their total compensation is $194,358.
Official website here: www.feedbacklabs.org
What is the revenue of Feedback Labs?
Feedback Labs's revenue in 2023 was $1,866,227.
Official website here: www.feedbacklabs.org
Who are the executives of Feedback Labs and what are their salaries?
The average compensation at Feedback Labs during 2023 was $94,622. There are 6 employees and 10 volunteers at Feedback Labs.
Here are 9 key members and their salaries (Feedback Labs's CEO's salary is $178,501 and their total compensation is $194,358):
- Compensation: $178,501
- Related: $0
- Other: $15,857
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $112,961
- Related: $0
- Other: $4,831
Official website here: www.feedbacklabs.org
Where can I find the form 990 for Feedback Labs?
Feedback Labs's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.feedbacklabs.org
Learn more at the official website: www.feedbacklabs.org
Mission Statement of Feedback Labs
Feedback Labs, an organization dedicated to promoting feedback in aid, philanthropy, nonprofits, and government, aims to make feedback a normative practice. Their mission is to foster a community where nonprofits, foundations, and government entities can participate in educational programs, such as problem-solving LabStorms, issue-specific summits, and fellowship programs. These events provide an opportunity for these organizations to join Feedback Labs' network, learn about feedback loops, and collaborate to improve charities. To make feedback an expected practice, Feedback Labs maintains a community with scalable and systematic ways to engage through a coherent membership structure. This community offers meaningful benefits and engagements to its members, convening them in large meetings like annual summits and crash courses, and in smaller meetings like bi-weekly LabStorms.
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Impact
July, 2024
Feedback Labs's impact lies in making feedback the norm in aid, philanthropy, nonprofits, and government. Through their community-building efforts such as LabStorms, Feedback Summits, blog posts, and membership opportunities, Feedback Labs provides a platform for organizations and individuals to learn about feedback loops and their potential for improving charitable efforts. By convening various stakeholders in large and small meetings, Feedback Labs facilitates collaboration, knowledge-sharing, and the development of standards, tools, and incentives to support effective feedback practices. Ultimately, Feedback Labs aims to create a supportive community that fosters engagement and continuous learning in the realm of feedback, contributing to the improvement of charitable initiatives and social impact endeavors.
This information is meant to be a general summary of Feedback Labs. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $14,382
- Program Service Revenue: $227,292
- Gross Receipts: $1,866,227
Assets and Liabilities:
- Total Assets: $1,681,567
- Total Liabilities: $43,807
- Net Assets: $1,637,760
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTS
Revenue
$227,292
Organization Details
Founding Year
2017
Principal Officer
Britt Lake
Website
www.feedbacklabs.orgNTEE Category
Code: T19 - Philanthropy
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