Overview
What is Yarnlabs Inc?
YarnLabs Inc, a nonprofit organization situated in Wellesley, Massachusetts, specializes in offering strategic and administrative guidance as a fiscal sponsor, primarily focusing on aiding the growth of academic projects. Their key role involves assisting organizations in securing grant funds from various foundations, such as the MacArthur Foundation and the Ford Foundation. In 2019, they supported the Algorithmic Justice League and the Knowledge Futures Group in obtaining funds from three foundations, while in 2020, they extended this support to four foundations for these two groups. YarnLabs' mission is to facilitate the scaling of academic projects, thereby contributing to the broader societal landscape.
Is Yarnlabs Inc legitimate?
Yarnlabs Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yarnlabs Inc submitted a form 990EZ, 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.
What is the mission statement of Yarnlabs Inc?
Yarnlabs Inc serves as a fiscal sponsor, offering strategic and administrative guidance to academic projects with the goal of scaling their impact. The organization has supported various projects, such as the Algorithmic Justice League and the Knowledge Futures Group, in securing grant funds from renowned foundations like the MacArthur Foundation and the Ford Foundation in both 2019 and 2020. Yarnlabs' mission revolves around aiding these projects in growing and making a significant impact in their respective fields.
Who is the CEO of Yarnlabs Inc?
Colin Raney is the President of Yarnlabs Inc.
What is the revenue of Yarnlabs Inc?
Yarnlabs Inc's revenue in 2021 was $136.
Who are the executives of Yarnlabs Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990EZ for Yarnlabs Inc?
Yarnlabs Inc's most recent form 990EZ was submitted in 2021 and can be accessed here.
Mission Statement of Yarnlabs Inc
YarnLabs Inc, as a fiscal sponsor, focuses on providing strategic and administrative guidance to scale academic projects. The organization's mission is centered around facilitating the acquisition of grant funds for various projects. In the years 2019 and 2020, YarnLabs successfully assisted organizations such as the Algorithmic Justice League and the Knowledge Futures Group in securing funding from prestigious foundations like the MacArthur Foundation and the Ford Foundation. By acting as a fiscal sponsor, YarnLabs enables these projects to access resources and continue their mission-driven work, ultimately contributing to their growth and impact.
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Impact
October, 2024
Yarnlabs Inc plays a crucial role in scaling innovative academic projects through strategic and administrative guidance as a fiscal sponsor. By supporting initiatives like the Algorithmic Justice League and the Knowledge Futures Group, the organization has successfully facilitated access to significant grant funding from prominent foundations such as the MacArthur Foundation and the Ford Foundation. In both 2019 and 2020, Yarnlabs helped these groups secure multiple grants, empowering them to further their missions and contribute to community improvement. Located in Wellesley, MA, Yarnlabs Inc focuses on enhancing the impact of its sponsored projects, ultimately fostering advancements in areas like justice and knowledge dissemination.
This information is meant to be a general summary of Yarnlabs Inc. 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 2021.
- Gross Receipts: $136
Assets and Liabilities:
- Total Assets: $203,297
- Total Liabilities: $0
- Net Assets: $203,297
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Organization Details
Phone
(828) 569-8491Principal Officer
Colin Raney
Main Address
15 Walnut Street 150, Wellesley, MA, 02481
NTEE Category
Code: S02 - Community improvement
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