2024-10-30T10:52:39-07:00 2023-12-31 362716239 Givens & Barnes 200 E Evergreen Ave Ste 117 Mount Prospect IL 60056 990 2023-01-01 471474802 BUNKER LABS NFP INC BUNK 230 E OHIO ST STE 410 1241 CHICAGO IL 60611 Blake Hogan Chief Exec Ofc 2024-10-30 true true Daniel W Barnes P01518773 2247642442 2023 2024-10-15 13:58:12Z 230 E OHIO ST STE 410 1241 CHICAGO IL 60611 3163264 false X WWW.BUNKERLABS.ORG X 2014 IL Bunker Labs provides communities, programs, and courses that help military veterans and military spouses start and grow successful businesses. 12 12 19 70 0 5828251 3091192 200382 67000 157 273 6943 4799 6035733 3163264 0 0 3197312 2288669 0 696346 2630869 1469579 5828181 3758248 207552 -594984 4273461 3446480 350177 118180 3923284 3328300 X Bunker Labs provides communities, programs, and courses that help military veterans and military spouses start and grow successful businesses. false false 697590 681474 92250 Ambassador program-the Ambassador Program is a 12-month cohort experience for volunteer leaders who support Bunker Labs programs and impact within their local entrepreneurial ecosystems. The program is designed to empower volunteers to grow as community leaders while meaningfully impacting the lives of veteran and military spouse entrepreneurs. Ambassadors work directly to support their local Veterans in Residence, engage other ecosystem partners, and guide members of their local community to the necessary resources to launch and grow successful ventures. Throughout their cohort experience, Ambassadors attend in-person professional development sessions to gain and share skills and knowledge that support their leadership development and connect their local business ecosystem for the benefit of Bunker Labs entrepreneurs. The cohort of 90 Ambassadors that launched in 2021 came together for their next Fly-In convening on February 23-25 in Chicago. As part of the Bunker Labs Summit in Austin on June 8-10, the organization recognized the outgoing Ambassadors from the 2021-2022 cohort while also welcoming the incoming 2022-2023 Ambassadors cohort, which includes 90 volunteers serving 36 communities across the U.S. Later in the year, this cohort met for their second Fly-In, which the Bunker hosted in conjunction with the Military Influencer Conference (MIC) in Las Vegas from October 26-28. Between Fly-Ins, Ambassadors use the training and resources from these sessions to provide ongoing support to their local ViR cohorts, build relationships with relevant partner organizations, represent Bunker Labs at partner events, and host roundtables and networking events to grow the local Bunker Labs community. During 2022, Ambassadors hosted 31 Bunker Connect networking events, 59 ViR Showcase events, and countless other informal gatherings for Bunker Labs entrepreneurs. NB: 2022 Ambassador program revenue listed above includes $1,140,674 restricted for 2024 & 2025. 633653 184927 587504 Other Programs 609173 585414 615000 CEOcircle- CEOcircle is a monthly peer accountability group for growth-stage companies looking to scale. Over the course of nine virtual huddles and four in person Fly-In events, CEOs and executives can ask critical questions impacting their businesses today. Together, participants learn from peers and national experts alike how to take their companies to the next level. Additionally, CEOcircle members also gain access to dedicated liaisons and a 10-week advisor program powered by JPMorgan Chase.In November 2021, Bunker Labs launched the 2021-2022 cohort with 41 entrepreneurs participating. During 2022, this cohort gathered for their second Fly-In convening in Dallas, TX on March 13-14, and for their third Fly-In on June 7-8 as part of the Bunker Labs Summit in Austin, TX. In summer 2022, Bunker Labs opened applications for the 2022-2023 cohort of CEOcircle. 2022 entrepreneurs applied for the cohort (an 82% increase from the prior year), and the Bunker selected 80 to participate increasing the cohort size to meet this growing demand. The 2022-2023 cohort of CEOcircle also reflects the diversity of entrepreneurs in the Bunker Labs community 47% of participants are women and/or POC founders and 63% identify as service-disabled veterans. Bunker Labs hosted the last CEOcircle Fly-In event of 2022 on November 6-8 in New York City. The 2021-2022 cohort attended this event as the capstone to their 12-month experience, with the incoming cohort kicking off their year at this event allow both cohorts the opportunity to network with each other and build relevant connects other CEOs. This Fly-In featured a workshop on crafting and amplifying stories with the Armed Services Arts Partnership (ASAP), a fireside chat with Alex Gorsky (Exective Chairman, Johnson & Johnson), and sessions for the incoming cohort to get acquainted with the program format and meet in their groups for huddles, critical questions, and deep dives followed by industry breakout sessions. 396395 379390 325250 2336811 true true false false false false false false false false false false false false false false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 19 0 true 19 true false false false false false false false 0 false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true true true false IL X X SIKICH LLP 3126486666 200 W MASISON ST STE 3200 CHICAGO IL 60606 X Blake Hogan Chief Exec Ofc 55.00 0.00 X 221900 0 0 Becca Keaty Chief Development Officer 55.00 0.00 217188 0 0 Reginold Ordonez Chief Oper Ofc 55.00 0.00 X 171692 0 0 Jenny Hans Dir Corp Giving 45.00 0.00 129400 0 0 Devin Sizer Dir NP Strategies 45.00 0.00 125900 0 0 Xavier Clarke Dir Ambass Prgm 45.00 0.00 112900 0 0 Elizabeth Marion Dir CEOcircle Prg 45.00 0.00 112900 0 0 Lenore Karafa President 2.00 0.00 X X 0 0 0 Charlotte Coker Gibson Secretary 2.00 0.00 X X 0 0 0 Kelly Perdew Treasurer 2.00 0.00 X X 0 0 0 Tim Hsia Director 2.00 0.00 X 0 0 0 Vince Stewart Director 2.00 0.00 X 0 0 0 Charlynda Scales Director 2.00 0.00 X 0 0 0 Nikki Hartung Director 2.00 0.00 X 0 0 0 Stacey Nash Director 2.00 0.00 X 0 0 0 Fred Deese Director 2.00 0.00 X 0 0 0 Lewis Runnion Director 2.00 0.00 X 0 0 0 Todd Connor Director 2.00 0.00 X 0 0 0 Elizabeth Gore Director 2.00 0.00 X 0 0 0 1091880 7 false true false Sikich LLP 1415 W Diehl Rd Naperville IL 60563 Consulting 135370 1 3091192 3091192 Flow through revenue 67000 67000 67000 273 273 0 0 0 0 0 0 0 Other 4799 4799 4799 3163264 71799 273 X 0 0 0 0 1091879 627210 143825 320844 0 829679 476593 109288 243798 0 219791 141624 25508 52659 147320 86794 19860 40666 0 0 0 0 0 0 825028 458215 341088 25725 0 0 0 0 38120 21859 16261 240970 217637 12910 10423 0 0 3909 3909 0 0 10290 10290 MARKETING & PROMOTION 120016 118415 250 1351 PROGRAM EXPENSES 116104 112860 3244 DUES AND SUBSCRIPTIONS 80448 45588 34238 622 Supplies 18223 12359 5606 258 16471 13748 2723 3758248 2336811 725091 696346 2336696 1071829 240338 60596 1672456 2254403 0 0 0 0 0 23971 59652 0 0 0 0 0 0 4273461 3446480 70177 118180 280000 350177 118180 X -413150 42424 4336434 3285876 3923284 3328300 4273461 3446480 -594984 X X false true X true false X 3614240 3445717 4009777 5828251 3091192 19989177 0 0 3614240 3445717 4009777 5828251 3091192 19989177 8381047 11608130 1546 709 273 157 273 2958 0 6943 4799 11742 20003877 0.58030 0.46050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4185277 1022013 1022013 3163264 3163264 4780261 1022013 1022013 3758248 3758248 X X true false false false false false false false false Becca Keaty Chief Development Officer 207188 10000 217188 Blake Hogan Chief Exec Ofc 196900 25000 221900 Reginold Ordonez Chief Oper Ofc 156692 15000 171692 Todd Connor Founder 17344 Advisory Services false Schedule L, Part V Supplemental Information In 2022 Organization paid the founder, Todd Connor, $17,344 for a combination of strategic advisory services and facilitation for our CEOcircle program Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: USAA 100 Year Celebration-In 2022, USAA celebrated its 100th anniversary by partnering with Bunker Labs to host a nationwide series of pitch competitions. 42 startups competed in six regional pitch competitions held between March and September 2022, in Austin, Los Angeles, Washington, D.C., Chicago, Seattle, and Charlotte. The series culminated with the final event in San Antonio on November 10, where the winner from each regional event pitched alongside four wildcards selected from the regional events. A total of $280,000 was awarded to regional and final event winners throughout 2022. The events also provided a platform for competitors to connect with USAAs investment team, corporate leaders who could become customers, and outside investors invited to attend. NB: Revenue for this special project was recorded in 2021. OTHER PROGRAM SERVICES 5: Breaking Barriers in Entrepreneurship (BBiE) workshop series- Breaking Barriers in Entrepreneurship is a virtual workshop series that facilitates business growth and support within Asian-American Pacific Islander, Black, Latinx, and female veteran and military spouse communities. The eight-week program is designed to create an immediate impact for early- to growth-stage businesses by providing access to business tools, resources, capital opportunities, mentorship, and a peer network. During 2022, Bunker Labs served 256 entrepreneurs through 16 small group cohorts of BBiE. NB: 2022 BBiE revenue listed above includes $839,681 awarded in 2022 but restricted for after 2022, with $225,472 of those funds restricted for 2024 & 2025. OTHER PROGRAM SERVICES 6: Other Programs Form 990, Part VI, Section B, Line 11b THE FORM 990 WAS PROVIDED TO THE ORGANIZATION, REVIEWED BY FINANCE TEAM AND COO, AND MADE AVAILABLE TO THE GOVERNING BOARD. Form 990, Part VI, Section B, Line 12c THE CONFLICT OF INTEREST POLICY NOTES THAT ANY BOARD MEMBER OR STAFF MEMBER WHO FAILS TO DISCLOSEACTUAL OR POSSIBLE CONFLICT WILL BE SUBJECT TO THE CORRECTIVE ACTIONS OF THE BOARD AND/OR LEADERSHIP TEAM. Form 990, Part VI, Section C, Line 19 AVAILABLE UPON REQUEST Form 990, Part XII, Line 2c THERE WAS NO CHANGE IN OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR Flow Through Funding The Organization uses the term flow through funding to refer to funds granted to the Organization for the explicit purpose of being distributed to military veteran/military spouse entrepreneurs as prizes for pitch competitions. During 2022, the Organization secured a total of $200,000 in pitch prize funding to be paid across multiple events. Of these funds, $30,000 were released from donor restriction within 2022 at completion of the relevant pitch event and prize distribution. The donor restrictions for the remaining $170,000 have not been met as of December 31, 2022.