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Lab Four Professional Development Centerinc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 264178652 ✦ Memphis, TN ✦ Designated as a 501(c)(3)

Overview

What is Lab Four Professional Development Centerinc?

Lab Four Professional Development Center is a nonprofit organization committed to contributing to workforce development. Their primary focus is offering top-notch technology training to businesses, aiming to boost their success. Simultaneously, they equip individuals with the necessary skills and credentials, empowering them to secure stable employment or pursue entrepreneurial ventures in high-demand industries. Furthermore, Lab Four collaborates with local nonprofit organizations to foster community growth and potential realization.


Official website here: www.labfour.com

Is Lab Four Professional Development Centerinc legitimate?

Lab Four Professional Development Centerinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lab Four Professional Development Centerinc 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.

Here are some key statistics you may want to consider:

Executive Compensation: $562,692
Professional Fundraising Fees: $0
Other Salaries and Wages: $645,481

For more financial information, click here


Official website here: www.labfour.com

What is the mission statement of Lab Four Professional Development Centerinc?

Lab Four Professional Development Centerinc aims to establish itself as a crucial workforce development partner in three capacities. Firstly, it provides top-notch technology training to enhance businesses' success. Secondly, it equips individuals with necessary skills and credentials, enabling them to secure stable employment or venture into entrepreneurship in high-demand industries. Lastly, it collaborates with nonprofit organizations to bolster the community's potential. The center's mission is geared towards bridging the gap between businesses, individuals, and the community, promoting a successful and thriving workforce.


Official website here: www.labfour.com

Who is the CEO of Lab Four Professional Development Centerinc?

Tony Okhiria is the President of Lab Four Professional Development Centerinc.


Official website here: www.labfour.com

What is the revenue of Lab Four Professional Development Centerinc?

Lab Four Professional Development Centerinc's revenue in 2022 was $2,711,471.


Official website here: www.labfour.com

Who are the executives of Lab Four Professional Development Centerinc and what are their salaries?

The average compensation at Lab Four Professional Development Centerinc during 2022 was $54,917. There are 22 employees and 4 volunteers at Lab Four Professional Development Centerinc.

Here are 2 key members and their salaries:

    Tony Okhiria (President) [Trustee/Director]
  • Compensation: $351,154
  • Related: $0
  • Other: $0

    • Stephanie Okhira (Director)
  • Compensation: $211,538
  • Related: $0
  • Other: $0


  • Official website here: www.labfour.com

    Where can I find the form 990 for Lab Four Professional Development Centerinc?

    The Lab Four Professional Development Centerinc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.labfour.com

    Learn more at the official website: www.labfour.com

    Mission Statement of Lab Four Professional Development Centerinc

    Lab Four Professional Development Centerinc aims to establish itself as a vital workforce development partner in a unique manner. Its mission is threefold: firstly, it strives to deliver top-notch technology training to businesses, empowering them to thrive and grow. Secondly, the center provides the necessary skills and credentials for individuals seeking stable employment or entrepreneurial opportunities in high-demand industries. Lastly, Lab Four Professional Development Centerinc collaborates with nonprofit organizations to contribute to the community's growth and realization of its full potential. By fulfilling these objectives, Lab Four aspires to make a significant impact on both businesses and individuals, ultimately contributing to a stronger and more prosperous community.

    Impact

    This information is meant to be a general summary of Lab Four Professional Development Centerinc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Lab Four Professional Development Centerinc's impact lies in its commitment to providing top-notch technology training that helps businesses thrive, equipping individuals with the skills and credentials essential for securing stable employment or pursuing entrepreneurship in high-demand industries. By partnering with nonprofit organizations, Lab Four empowers the community to reach its full potential. Through these efforts, Lab Four Professional Development Centerinc is playing a crucial role in bridging the gap between education, employment, and community development in Memphis, TN.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $2,711,471
  • Gross Receipts: $2,711,471

    • Assets and Liabilities:
  • Total Assets: $2,318,152
  • Total Liabilities: $170,483
  • Net Assets: $2,147,669
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Educational Service

    Revenue

    $2,711,471

    Organization Details

    Founding Year

    2015

    Principal Officer

    Tony Okhiria

    Main Address

    1255 Lynnfield Rd, Memphis, TN, 38119

    NTEE Category

    Code: J22 - Employment

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