B Lab Company
B Lab Company
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About this organization
Mission
To change the operating system, culture, and practice of business so that all companies compete to be best for the world.
About
The company's mission is to serve a global movement of people using business as a force for good. B Lab works to accomplish this mission by developing and advancing concrete, positive, and integrated programs. These programs include: 1) certification of B cororations. B corps are companies that meet rigorous standards of social and environmental performance, transparency, and accountability and are the leaders of the global movement to use business as a force for good. 2) 'Measure What Matters' partnerships. B Lab promotes use of its standards through two online tools: the B Impact Assessment and the B Analytics, and seeks partnerships with investors, government, and business associations. 3) promoting and supporting adoption of a new corporate form, that removes impediments to creating social benefit alongside shareholder value. B Lab leverages these programs to educate the emerging sector of consumers, investors and entrepreneurs on ways to join the global movement to improve their social and environmental impact.
Interesting data from their 2019 990 filing
According to the filing documents, the non-profit's mission is defined as “To improve social & environmental standards for companies, by educating consumers, investors and entrepeneurs.”.
When referring to its tasks, they were referred to as: “To improve social & environmental standards for companies, by educating consumers, investors and entrepeneurs.”.
- The non-profit's state of operation has been legally reported as PA.
- According to the latest filing, the non-profit's address in 2019 is 222 BERKLEY ROAD, DEVON, PA, 19333.
- The total number of employees reported by the non-profit on their form for 2019 is 96.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Has foreign activities.
- Is not a donor advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $873,917.
- The CEO compensation policy within the organization is established through an impartial evaluation and approval.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 6 independent voting members.
- The organization was formed in 2006.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization engages in lobbying activities.
- The organization pays $6,925,498 in salary, compensation, and benefits to its employees.
- The organization pays $267,351 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization's financial statements were reviewed by an accountant.
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