Makehaven INC EIN 45-4570710

Makehaven INC FY2023 filing

EIN  45-4570710 Public charity (501(c)(3)) New Haven, CT
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers individuals to design, invent, and create, enriching their communities.
Leadership
John R Logan · Executive Director · $70K
Money in and out
$537K revenue, $569K expenses
Bottom line
70% program efficiency

Empowers individuals to design, invent, and create, enriching their communities. For fiscal year 2023 it reported $537K in revenue, $569K in expenses, and $133K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$537K
Pt VIII · Ln 12
Total expenses
$569K
Pt IX · Ln 25
Net assets
$133K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$32K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.25 Fundraising $0.05
Program efficiency
70%
of spending reaches programs
Operating runway
2.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
-6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$537K
FY2023▲ +8%
Expenses
$569K
FY2023▲ +6%
Total assets
$303K
FY2023▲ +29%
Total liabilities
$169K
FY2023▲ +157%
Total revenue
$537K
Pt VIII · Ln 12
Total expenses
$569K
Pt IX · Ln 25
Net assets
$133K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$32K
Total assetsPt X · Ln 16$303K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

2 program services account for $397K of program spending, described in the organization's own filed words · FY2023.
01

Maintained lab for learning and exporation of participants. Equipment use and learning facilitated by volunteers with focus areas of woodworking, sewing, fabrication, electronics, bike repair and more.

$336Kprogram expense
02

Conducted workshops and events open to the public which advance skills or understanding of technology and entrepreneurship.

$61Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMakehaven INC
EINHdr · item D45-4570710
Principal addressHdr · item CNew Haven, CT
WebsiteHdr · item Jwww.makehaven.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFSep 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$69,500Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

John R Logan’s $79K as Executive Director is at the 71st percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2021FY2020
John R Logan$78,708
John R Logan$69,500$55,875$55,875

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$405K · 75%
Program service revenue$130K · 24%
Contributions & grants75%$405K
Program service revenue24%$130K
Investment income$201
Other revenue$1K
— government grantsLn 1e$14K
Total revenueLn 12$537K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.25 Fundraising $0.05
Program services70%$397K
Management & general25%$145K
Fundraising5%$28K
Total functional expensesLn 25$569K

Balance Sheet

Part X · end of year
CashLn 1$130K
Total assetsLn 16$303K
Total liabilitiesLn 26$169K
Total net assetsLn 32$133K
Months of cash on handcomputed2.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $130K · Operating expenses/yr $569K
2.7 months
Where the money goes
Program services
Program services $397K · Total expenses $569K
70%
Management & General
Management & general $145K · Total expenses $569K
25%
Fundraising
Fundraising $28K · Total expenses $569K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $24K · Solicited contributions (3-yr avg) $324K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $405K · Total revenue $537K
75%
Government reliance
Government grants $14K · Total revenue $537K
3%
Earned-income share
Program service revenue $130K · Total revenue $537K
24%
Investment reliance
Investment income $201 · Total revenue $537K
0%
Program self-sufficiency
Program service revenue $130K · Total expenses $569K
23%
Growth & trend
Revenue growth (YoY)
This year $537K · Prior year $498K
+8%
Net-asset trend (YoY)
End of year $133K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $537K · Expenses $569K
-6%
Liabilities-to-Assets
Total liabilities — · Total assets $303K
Net-asset ratio
Net assets $133K · Total assets $303K
44%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $303K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual John R Logan · Reported title Executive Director · Highest reported compensation $70K · Total expenses $569K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $270K · Total expenses $569K
47%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 25%
Fundraising cost ratio 7%
Revenue growth 8%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$6K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$583K revenue · ⤓ 990 PDF
FY2023$537K revenue · viewing · ⤓ 990 PDF
FY2022$498K revenue · ⤓ 990 PDF
FY2021$498K revenue · ⤓ 990 PDF
FY2020$337K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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