Overview
What is The Workers Lab?
The Workers Lab is a nonprofit organization situated in Oakland, California, at 1111 BROADWAY FLOOR 3. Their primary mission is to provide a platform for innovative ideas that empower workers, enabling them to flourish and contribute significantly to economic, social, and political transformation. Through flexible funding, they support a network of leaders across various sectors, encouraging the testing and implementation of novel concepts. In 2022 and 2023, they are conducting a design sprint to explore how flexible work can maintain quality, investing over a million dollars to demonstrate this potential. The organization employs ten individuals, working tirelessly towards their goal of enhancing worker power and influence.
Official website here: www.theworkerslab.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Stars)
The Workers Lab has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its financial health and management practices. While the organization shows strong accountability practices, such as a fully independent board and a robust audit committee, it faces challenges in its financial ratios, particularly with a high liabilities-to-assets ratio and low working capital.
Strengths include a solid program expense ratio of 77.48%, demonstrating effective allocation of funds towards its programs, along with efficient fundraising practices where it raises $0.10 for every dollar spent. Additionally, the organization adheres to good governance policies, being compliant with conflict of interest and whistleblower policies, which contributes to transparency.
However, the financial health indicators raise red flags. The missing distribution of tax forms to the board and the presence of loans to and from officers highlight potential areas of concern that could affect stakeholder confidence. Overall, while The Workers Lab shows commitment to its mission and operational transparency, its financial sustainability needs attention to improve its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is The Workers Lab legitimate?
The Workers Lab is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Workers Lab 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: $465,762
Professional Fundraising Fees: $12,300
Other Salaries and Wages: $883,294
For more financial information, click here
Official website here: www.theworkerslab.com/
What is the mission statement of The Workers Lab?
The Workers Lab is a non-profit organization that serves as an investor for novel ideas aimed at enhancing worker power. Their mission is to provide a conducive environment for these ideas to thrive and flourish, envisioning a society where workers play a significant role in economic, social, and political transformation. To achieve this vision, they invest flexible funds into a nationwide network of leaders from various sectors, allowing them to test and implement these innovative concepts. In 2022 and 2023, they are conducting a design sprint focused on exploring how flexible work can be compatible with maintaining quality, aiming to invest over a million dollars to demonstrate its viability.
Official website here: www.theworkerslab.com/
Who is the CEO of The Workers Lab?
Adrian Haro is the Ceo of The Workers Lab. The CEO's salary of The Workers Lab is $166,990 and their total compensation is $173,089.
Official website here: www.theworkerslab.com/
What is the revenue of The Workers Lab?
The Workers Lab's revenue in 2022 was $3,488,027.
Official website here: www.theworkerslab.com/
Who are the executives of The Workers Lab and what are their salaries?
The average compensation at The Workers Lab during 2022 was $134,906. There are 10 employees at The Workers Lab.
Here are 17 key members and their salaries (The Workers Lab's CEO's salary is $166,990 and their total compensation is $173,089):
- Compensation: $166,990
- Related: $0
- Other: $6,099
- Compensation: $162,413
- Related: $0
- Other: $6,099
- Compensation: $145,913
- Related: $0
- Other: $6,099
- Compensation: $139,806
- Related: $0
- Other: $5,074
- Compensation: $132,777
- Related: $0
- Other: $5,016
- Compensation: $119,929
- Related: $0
- Other: $6,099
- Compensation: $116,149
- Related: $0
- Other: $6,099
- Compensation: $113,549
- Related: $0
- Other: $6,099
- Compensation: $10,000
- 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: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.theworkerslab.com/
Where can I find the form 990 for The Workers Lab?
The Workers Lab's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theworkerslab.com/
Learn more at the official website: www.theworkerslab.com/
Mission Statement of The Workers Lab
The Workers Lab, as a nonprofit investor, is committed to providing a platform for innovative ideas that empower workers. Their mission is to offer a genuine opportunity for concepts aimed at enhancing worker power to thrive and flourish. They envision a society where workers have significant influence in driving economic, social, and political transformation. To actualize this vision, The Workers Lab invests flexible funds into a nationwide network of leaders from various sectors. These leaders are encouraged to experiment with new ideas, with the goal of testing their potential to positively impact the workforce.
In 2022 and 2023, The Workers Lab is spearheading a design sprint to explore the intersection of flexibility and quality in the workplace. Their aim is to demonstrate that regardless of the type of employment—standard, gig, or contract—workers can enjoy flexibility without compromising on the quality of their work. They plan to invest over a million dollars in this initiative, aiming to provide tangible examples of how this balance can be achieved.
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Impact
July, 2024
The Workers Lab is making a significant impact by investing in innovative ideas that empower workers and improve the quality of flexible work. Through their design sprint initiative, they are exploring how to ensure that all forms of work, including gig and contract-based, can offer flexibility without compromising on quality. By committing over 1 million dollars to this effort, The Workers Lab is actively demonstrating how this can be achieved. Their work is contributing to a vision of a society where workers have the power to drive economic, social, and political transformation, ultimately aiming for a society where workers are empowered to flourish.
This information is meant to be a general summary of The Workers Lab. 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 2022.
- Program Service Revenue: $22,361
- Gross Receipts: $3,488,027
Assets and Liabilities:
- Total Assets: $1,282,663
- Total Liabilities: $1,222,887
- Net Assets: $59,776
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Speaking Honoraraia Fiscal Sponsorship Fees
Revenue
$22,361
Organization Details
Founding Year
2018
Phone
(562) 257-8165Principal Officer
Adrian Haro
Main Address
1111 BROADWAY FLOOR 3, Oakland, CA, 94607
Website
www.theworkerslab.com/NTEE Category
Code: S05 - Community improvement
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