Leaders Advancing Business (LAB) is a California nonprofit public benefit corporation with 501(c)(3) tax-exempt status. This page documents our legal identity, mission, governance, and how to reach us.
LAB is organized as a nonprofit public benefit corporation and is not organized for the private gain of any person. No substantial part of its activities consists of carrying on propaganda or attempting to influence legislation, and LAB does not participate or intervene in any political campaign. To ensure accessibility and maximize public benefit, LAB's educational programs are primarily offered free of charge or supported by corporate and community sponsorships.
All corporate authority is vested in LAB's Board of Directors, which by bylaw must consist of between three and nine directors. No more than 49% of the board may be compensated "interested persons," keeping a majority independent.
LAB's officers are a President & CEO, a Secretary, and a Treasurer & CFO — see the Leadership section of our About page for who currently holds each role.
LAB's property is irrevocably dedicated to charitable and educational purposes. No part of its net income or assets inures to the benefit of any director, officer, or private individual, and a conflict-of-interest policy governs any transaction that could benefit an insider.
Upon any future dissolution, LAB's remaining assets — after payment of debts and liabilities — would be distributed to another nonprofit fund, foundation, or corporation organized and operated exclusively for charitable or educational purposes with established 501(c)(3) status, per LAB's bylaws.
LAB has no formal, statutory members and charges no required membership dues. Programming is funded primarily through corporate and community sponsorships, with the Board retaining the right to set nominal program fees or seat-holder deposits where needed to manage event capacity.
See sponsorship detailsFounded informally in 2024 as recurring peer lunches; formalized as a California nonprofit public benefit corporation and granted 501(c)(3) status in mid-2026. Today, LAB serves more than 90 members across Southern California.
For questions about our tax-exempt status, governance, or programming — including for the purposes of verifying our nonprofit status — contact us directly.