Nonprofit · EIN 83-0792165
LEAN ROCKET LAB
Tax-exempt · JACKSON, MI 49201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,945,351 | $1,647,135 | $298,216 | $1,167,056 | $546,910 | $620,146 |
| December 31, 2023 | 990 | $752,411 | $782,877 | -$30,466 | $409,764 | $87,834 | $321,930 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,113,531
- of which government grants
- $748,331
- Program service revenue
- $762,233
- Investment income
- $9,587
- Other revenue
- $60,000
Expenses
- Grants and similar amounts paid
- $88,100
- Compensation of officers, directors and key employees
- $281,560
- Other salaries and wages
- $190,995
- Salaries, compensation and benefits (total)
- $580,227
- Professional fundraising fees
- $0
- Accounting fees
- $29,938
- Occupancy
- $187,368
- Travel
- $45,782
- Depreciation
- $3,448
- Program services (functional)
- $1,461,033
- Management and general (functional)
- $87,280
- Fundraising (functional)
- $98,822
Balance sheet and other
- Total assets, start of year
- $409,764
- Total assets, end of year
- $1,167,056
- Total liabilities, end of year
- $546,910
- Net assets, end of year
- $620,146
- Land, buildings and equipment
- $86,314
- Net assets without donor restrictions
- $620,146
- Gross unrelated business income
- $63,768
- Gross receipts
- $1,945,351
- Employees
- 8
- Year formed
- 2018
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRANDON MARKEN | PRESIDENT/CE Trustee or director, Officer | 40 | $140,780 | $4,224 |
| KEN SENEFF | VP/SECRETARY Trustee or director, Officer | 40 | $140,780 | $4,224 |
| NADIA ABUNASSER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD COLLINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARTHA FEURSTENAU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SEAN HILBERT | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| STEVE RICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER RIVERA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DAVID SHIRKEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRANDON MARKEN | PRESIDENT/CE Trustee or director, Officer | 40 | $128,600 |
| KEN SENEFF | VP/SECRETARY Trustee or director, Officer | 40 | $128,600 |
| NADIA ABUNASSER | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD COLLINS | DIRECTOR Trustee or director | 1 | $0 |
| SEAN HILBERT | DIRECTOR Trustee or director | 1 | $0 |
| ALEXANDRA MASTEN | CHAIR Trustee or director | 1 | $0 |
| STEVE RICK | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER RIVERA | TREASURER Trustee or director, Officer | 1 | $0 |
| DAVID SHIRKEY | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 133 W MICHIGAN AVE, JACKSON, MI 49201-1357
- In care of
- % BRANDON D MARKEN
- Principal officer (990 for 2024)
- BRANDON MARKEN, 133 W MICHIGAN AVE, JACKSON, MI 49201
- Signed the 990
- JENNIFER RIVERA, TREASURER
- Phone
- (517) 395-4151
- Website
- WWW.LEANROCKETLAB.ORG
- Return prepared by
- LALLY GROUP PC
Mission
LEAN ROCKET LAB REMOVES COMMON BARRIERS TO INNOVATION BY PROVIDING A COLLABORATIVE WORKSPACE FULL OF HIGH ENERGY ENTREPRENEURS, ADVANCED EDUCATIONAL PROGRAMMING, HELPFUL BUSINESS RESOURCES, AND ACCESS TO VARIOUS STAGES OF CAPITAL SO BUSINESSES OR PRODUCTS CAN LAUNCH AND THRIVE.
Program accomplishments
- LEAN ROCKET LAB REMOVES COMMON BARRIERS TO INNOVATION BY PROVIDING A COLLABORATIVE WORKSPACE FULL OF HIGH ENERGY ENTREPRENEURS, ADVANCED EDUCATIONAL PROGRAMMING, HELPFUL BUSINESS RESOURCES, AND ACCESS TO VARIOUS STAGES OF CAPITAL SO BUSINESSES OR PRODUCTS CAN LAUNCH AND THRIVE.Expenses $1,461,033 · grants $88,100 · revenue $758,465
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-0792165
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $1,167,056
- Income (IRS master file)
- $1,945,351
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,945,351 | $1,647,135 | $1,167,056 | IRS |
| 990 | December 2023 | $752,411 | $782,877 | $409,764 | XML |
| 990 | December 2022 | $798,315 | $770,328 | $478,350 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-0792165).
Questions about LEAN ROCKET LAB
- What is the EIN of LEAN ROCKET LAB?
- The employer identification number (EIN) of LEAN ROCKET LAB is 83-0792165.
- Is LEAN ROCKET LAB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to LEAN ROCKET LAB tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LEAN ROCKET LAB file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LEAN ROCKET LAB due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LEAN ROCKET LAB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LEAN ROCKET LAB?
- The 990 for the year ended December 31, 2024 names BRANDON MARKEN.
- Who are the officers and directors of LEAN ROCKET LAB?
- The 990 for the year ended December 31, 2024 lists 9 people; 2 received compensation from the organization, the highest $140,780 (BRANDON MARKEN, PRESIDENT/CE).
- How much revenue does LEAN ROCKET LAB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,945,351, expenses of $1,647,135 and total assets of $1,167,056 at year end.
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