Makeict Institute FY2021 filing

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MakeICT provided resources and activities to help members create. Our program, the 22,000 sq foot makerspace, has several different areas filled with tools and equipment to build and create things.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-1413068) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $48K a year · 28% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
4.9 mo
of spending, in cash
4.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$224K
41% of total assets
Liabilities are 41% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$139K
Spent
$99K
To programs
100%
Net assets
$327K
By yearFY2021–FY2025
Revenue
$139K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$139K
FY2022$159K
FY2023$184K
FY2024$182K
FY2025$201K
Expenses
$99K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$99K
FY2022$107K
FY2023$131K
FY2024$139K
FY2025$146K
Net assets
$327K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$327K
FY2022$379K
FY2023$441K
FY2024$483K
FY2025$538K

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $99K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director at Large
$0Pt VII · Sec A
See Makeict Institute executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers a large makerspace with tools and equipment for creative projects.

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1 program · $99K · in their own filed words · FY2021
01

Provided space for makers to access communal tools and equipment for 457 Members

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-1413068) · Dispute this line
$99Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$139K
Ln 12
Gifts and grantsLn 1h$130K
Fees for servicesLn 2g$9K
Money outPt IX
$99K
Ln 25
Programscol B$99K
Owns and owesPt X
$327K
net assets · Ln 32
Cash and savingsLn 1–2$40K
Total assetsLn 16$551K
LiabilitiesLn 26$224K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$130K
Noncash giftsLn 1g$4K
Fundraising eventsLn 1c$1K
Fees for servicesLn 2g$9K
Total revenueLn 12$139K
Assets in detailPt X, end of year
CashLn 1$40K
Cash and savings togetherLn 1–2$40K
Land, buildings, equipmentLn 10c$510K
Total assetsLn 16$551K
LiabilitiesLn 26$224K
Net assetsLn 32$327K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$40K
Land, buildings, equipmentLn 10c$510K
Total assetsLn 16$0$551K
LiabilitiesLn 26$0$224K
Net assetsLn 32$0$327K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$5K$5K$0$0
Information technologyLn 14$4K$4K$0$0
OccupancyLn 16$31K$31K$0$0
Conferences, conventions and meetingsLn 19$98$98$0$0
InterestLn 20$12K$12K$0$0
Depreciation, depletion and amortizationLn 22$10K$10K$0$0
InsuranceLn 23$17K$17K$0$0
All other expensesLn 24e$19K$19K$0$0
Total functional expensesLn 25$99K$99K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 15, 2026 $201K$146K$55K$538K 990 PDF
FY2024Filed with the IRS Jul 21, 2025 $182K$139K$43K$483K 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $184K$131K$53K$441K 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $159K$107K$52K$379K 990 PDF
FY2021 ViewingFiled with the IRS Nov 15, 2022 $139K$99K$39K$327K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $138,659 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $151,341$130,141
I-9 Program service revenuePrior year $5,540$8,518
I-10 Investment income$0
I-11 Other revenuePrior year $8,384$0
I-12 Total revenuePrior year $165,265$138,659
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $93,030$99,171
I-18 Total expensesPrior year $93,030$99,171
I-19 Revenue less expensesPrior year $72,235$39,488
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $138,659 across 6 lines filed
Lines not itemized here account for $8,518 of total revenue; see the IRS return.
VIII-1b Membership dues$114,852
VIII-1c Fundraising events$1,238
VIII-1f All other contributions, gifts and grants$14,051
VIII-1g Noncash contributions (included above)$4,136
VIII-1h Total contributions, gifts and grants$130,141
VIII-12 Total revenueRelated to mission $8,518 · Unrelated business $0 · Excluded from tax $0$138,659
Part IX · Statement of functional expenses $99,171 across 8 lines filed
IX-11c Accounting feesPrograms $5,166 · Management $0 · Fundraising $0$5,166
IX-14 Information technologyPrograms $4,434 · Management $0 · Fundraising $0$4,434
IX-16 OccupancyPrograms $31,343 · Management $0 · Fundraising $0$31,343
IX-19 Conferences, conventions and meetingsPrograms $98 · Management $0 · Fundraising $0$98
IX-20 InterestPrograms $12,359 · Management $0 · Fundraising $0$12,359
IX-22 Depreciation, depletion and amortizationPrograms $10,302 · Management $0 · Fundraising $0$10,302
IX-23 InsurancePrograms $16,951 · Management $0 · Fundraising $0$16,951
IX-24e All other expensesPrograms $18,518 · Management $0 · Fundraising $0$18,518
IX-25 Total functional expensesPrograms $99,171 · Management $0 · Fundraising $0$99,171
Part X · Balance sheet $550,554 assets, 9 lines filed
X-1 Cash, non-interest-bearing$40,209
X-10c Land, buildings and equipment, net$510,345
X-16 Total assetsStart of year $0$550,554
X-17 Accounts payable and accrued expenses−$14
X-25 Other liabilities$223,637
X-26 Total liabilitiesStart of year $0$223,623
X-27 Net assets without donor restrictions$326,931
X-32 Total net assets or fund balancesStart of year $0$326,931
X-33 Total liabilities and net assetsStart of year $0$550,554
Part XI · Reconciliation of net assets $326,931 net assets at year end
XI-1 Total revenue$138,659
XI-2 Total expenses$99,171
XI-3 Revenue less expenses$39,488
XI-4 Net assets at start of year$287,436
XI-10 Net assets at end of year$326,931

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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