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Nova Labs Inc

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

EIN: 453796580 ✦ Reston, VA ✦ Designated as a 501(c)(3)

Overview

What is Nova Labs Inc?

Nova Labs Inc, located in Reston, Virginia, is a community-focused nonprofit organization. Their primary mission lies in fostering education and innovation. They offer a facility where individuals can design and manufacture technical and industrial projects. To support this, Nova Labs Inc. provides educational programs, such as classes, training sessions, and hands-on workshops, all led by dedicated volunteers. Annually, they organize a Maker Faire event in the Northern Virginia region, showcasing makers and their projects, aiming to promote competence in technical and industrial arts. With a team of 11 dedicated individuals, Nova Labs Inc. is committed to nurturing creativity and knowledge-sharing within the community.


Is Nova Labs Inc legitimate?

Nova Labs Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nova Labs Inc 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: $144,360
Professional Fundraising Fees: $0
Other Salaries and Wages: $48,623

For more financial information, click here


What is the mission statement of Nova Labs Inc?
Who is the CEO of Nova Labs Inc?
What is the revenue of Nova Labs Inc?
Who are the executives of Nova Labs Inc and what are their salaries?
Where can I find the form 990 for Nova Labs Inc?

Mission Statement of Nova Labs Inc

Nova Labs Inc, a community-oriented organization, is dedicated to the promotion of education and innovation. It offers a facility where individuals can design and manufacture technical and industrial projects. The organization's volunteer force extends their commitment beyond the fabrication space by providing educational programs. These programs are delivered through a variety of channels, including classes, training sessions, and hands-on workshops, aimed at fostering competence in technical and industrial arts.

Nova Labs Inc's mission is multifaceted, encompassing both practical and theoretical aspects. By providing a space for community members to design and fabricate, the organization encourages creativity and innovation. Simultaneously, the educational programs offered by Nova Labs Inc serve to equip individuals with the necessary skills and knowledge in these areas. This holistic approach to education and innovation aims to empower the community, enabling its members to contribute to and benefit from technological advancements.

In addition to its primary mission, Nova Labs Inc also engages in outreach activities. One such initiative is the annual Maker Faire event in the Northern Virginia region. This event showcases the works of makers and their projects, aiming to promote competence in technical and industrial arts. By hosting this event, Nova Labs Inc is able to extend its reach beyond its facility, fostering a larger community of individuals interested in these fields.

Impact

This information is meant to be a general summary of Nova Labs Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Nova Labs Inc's impact is significant in promoting education and innovation within the community. By providing a collaborative facility for designing and fabricating technical and industrial works, Nova Labs empowers individuals to explore their creativity and engage in hands-on learning experiences. Through educational programs such as classes, training sessions, and workshops facilitated by dedicated volunteers, Nova Labs equips individuals with valuable skills and knowledge in technical and industrial arts.

Additionally, Nova Labs contributes to the outreach efforts by sponsoring an annual Maker Faire event in the Northern Virginia region. This event serves as a platform for makers to showcase their projects and talents, fostering a sense of competence and enthusiasm for technical disciplines among participants and attendees.

Overall, Nova Labs Inc plays a pivotal role in nurturing a culture of innovation, learning, and community engagement, making a positive impact on individuals seeking to develop their skills and creativity in the fields of technology and industry.





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 2023.

  • Investment Income: $689
  • Program Service Revenue: $227,225
  • Gross Receipts: $1,333,246

    • Assets and Liabilities:
  • Total Assets: $5,600,611
  • Total Liabilities: $4,168,740
  • Net Assets: $1,431,871
  • Programs

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

    EDUCATION INCOME

    Revenue

    $227,225

    Organization Details

    Founding Year

    2011

    Principal Officer

    Jim Sweeney

    Main Address

    1916 ISAAC NEWTON SQUARE WEST, RESTON, VA, 20190

    NTEE Category

    Code: T30 - Philanthropy

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