B Lab Company

Nonprofit profile at a glance

EIN
205958773
IRS 990 coverage
2013–2025
Forms available
Form 990 2025, Form 990-T 2020
Location
Philadelphia, PA, USA
Phone
6012930299
Rating
73
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Professional Societies, Associations

Official website

Reported finances

Revenue
$39,018,991
Expenses
$35,668,331
Assets
$16,500,142
Liabilities
$7,419,099

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • JORGE FONTANEZ (CEO, B LAB US & CANADA (END 06/25))
  • HOLLY ENSIGN-BARSTOW (INTERIM CEO (START 06/25))
  • ELLONDA WILLIAMS (INTERIM CEO (START 06/25))

Highest reported compensation

  • JORGE FONTANEZ (CEO, B LAB US & CANADA (END 06/25)): $360,058 total reported compensation
  • CLAY BROWN (INTERIM CO-LEAD EXECUTIVE): $312,851 total reported compensation
  • SARAH SCHWIMMER (INTERIM CO-LEAD EXECUTIVE): $262,765 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To educate and encourage business owners across industries to measure and improve their social and environmental impact using the b impact assessment online tool.

What it reported doing in 2025

To educate and encourage business owners across industries to measure and improve their social and environmental impact using the b impact assessment online assessment tool. These programs include: (1) certification of b corporations: 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) impact management: helping all companies manage their impact on the people, communities and ecosystems they touch, via the b impact assessment and sdg action manager. (3) policy frameworks: promoting and supporting adoption of a new corporate form, that removes impediments to creating social benefit alongside value. B lab leverages these emerging sector of consumers, investors and entrepreneurs on ways to join the global movement to improve social and environmental impact.

Operating model

Revenue model
Other-operating. 95% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 75
  • Accountability: 76
  • Sustainability: 37
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.8%; rating input score 78
  • Program expense ratio: 85.1%; rating input score 85
  • Fundraising efficiency: $2.32 raised per $1 spent on fundraising; rating input score 5; 5th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 10th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 8.6%; rating input score 55; 55th percentile among comparable filings
  • Total-asset coverage ratio: 0.46; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: 0.45; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 7.4%; rating input score 40; 40th percentile among comparable filings

Growth

  • Program expense growth: 13.7% per year; rating input score 100; 79th percentile among comparable filings
  • Revenue growth: 14.8% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: 9.7% per year; rating input score 100; 66th percentile among comparable filings

Details

  • Where the money goes: 77.8% of revenue deployed · 85.1% of spending went to programs
  • Governance: 2 of 3 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $30.3M in reported program spending
  • Leadership: top reported pay $360K · 21 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.8M reported
  • Consistency: 39 of 39 current checks pass
  • Schedules: 9 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 13 filing years from 2013 to 2025
  • Contacts: How to reach this organization
  • Money network: 14 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 5/100.
  • High — Sustainability: Total-asset coverage ratio scored 11/100.
  • Review — Sustainability: Operating margin scored 55/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.
  • Moderate — Sustainability: Officer compensation ratio scored 40/100.