Tinkermill EIN 46-3073831

Tinkermill FY2022 filing

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Connects people to collaborate on creative projects, share tools, and build new ventures. For fiscal year 2022 it reported $454K in revenue, $428K in expenses, and $369K in net assets.Pt I

Type
Public charity (501(c)(3)) · Science & Technology
Location
Longmont, CO
Website
www.tinkermill.org
Filings
5 on file (2020–2022)
Revenue
$454KFY2022
Expenses
$428K
Net assets
$369K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-3073831 Public charity (501(c)(3)) Longmont, CO
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Connects people to collaborate on creative projects, share tools, and build new ventures.
Leadership
Erin Hoard · Executive Dir.
Money in and out
$454K revenue, $428K expenses
Bottom line
77% program efficiency
Where the money goes · FY2022
Total revenue
$454K
Pt VIII · Ln 12
Total expenses
$428K
Pt IX · Ln 25
Net assets
$369K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $26K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.23
Program efficiency
77%
of spending reaches programs
Operating runway
4.0mo
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 2022 · Form 990
Revenue
$454K
FY2022▲ +23%
Expenses
$428K
FY2022▲ +54%
Total assets
$1.5M
FY2022▼ -3%
Total liabilities
$1.1M
FY2022▼ -6%
Total revenue
$454K
Pt VIII · Ln 12
Total expenses
$428K
Pt IX · Ln 25
Net assets
$369K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$26K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $330K of program spending, described in the organization's own filed words · FY2022.
01

Advanced Prototyping Manufacturing Facility

Tinkermill provides an industrial facility which includes tools, equipment, and materials for emerging advanced industry business entrepreneurs, steam students, and members of the public to explore creative, scientific, educational, and entrepreneurial projects and ideas.

$300Kprogram expense
02

Creative Educational Workshops

Tinkermill offers educational workshops to anyone who is interested in the fields of science, technology, engineering, art and math (or steam). The program fosters creativity and encourages creation of new products and tools.

$30Kprogram expense
03

Economic Development

The community of advanced industry professionals that has developed at tinkermill ensure accessible technical and commercial expertise for early-stage entrepreneurs and provides a connection to individual and group investors.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTinkermill
EINHdr · item D46-3073831
Principal addressHdr · item CLongmont, CO
WebsiteHdr · item Jwww.tinkermill.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFScience & Technology (U99)
Ruling yearIRS BMFAug 2014

Governance & Policies

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

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Tinkermill executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$334K · 74%
Program service revenue$93K · 20%
Other revenue$27K · 6%
Contributions & grants74%$334K
Program service revenue20%$93K
Other revenue6%$27K
Investment income$257
— government grantsLn 1e$962
Total revenueLn 12$454K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.23
Program services77%$330K
Management & general23%$98K
Total functional expensesLn 25$428K

Balance Sheet

Part X · end of year
CashLn 1$144K
Total assetsLn 16$1.5M
Total liabilitiesLn 26$1.1M
Total net assetsLn 32$369K
Months of cash on handcomputed4.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $144K · Operating expenses/yr $428K
4.0 months
Where the money goes
Program services
Program services $330K · Total expenses $428K
77%
Management & General
Management & general $98K · Total expenses $428K
23%
Fundraising
Fundraising $0 · Total expenses $428K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $281K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $334K · Total revenue $454K
74%
Government reliance
Government grants $962 · Total revenue $454K
0.2%
Earned-income share
Program service revenue $93K · Total revenue $454K
20%
Investment reliance
Investment income $257 · Total revenue $454K
+0.06%
Program self-sufficiency
Program service revenue $93K · Total expenses $428K
22%
Growth & trend
Revenue growth (YoY)
This year $454K · Prior year $368K
+23%
Net-asset trend (YoY)
End of year $369K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $454K · Expenses $428K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5M
Net-asset ratio
Net assets $369K · Total assets $1.5M
24%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.5M
0%
People & payroll
Highest Reported Total Compensation
Individual Erin Hoard · Reported title Executive Dir. · Highest reported compensation $0 · Total expenses $428K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $121K · Total expenses $428K
28%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 23%
Fundraising cost ratio 0%
Revenue growth 23%
Investment management fee ratio 0%
Legal fee ratio -0.3%
Accounting fee ratio 6%
Fundraising fee ratio 0%

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$12K

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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)$574K revenue · ⤓ 990 PDF
FY2023$584K revenue · ⤓ 990 PDF
FY2022$454K revenue · viewing · ⤓ 990 PDF
FY2021$368K revenue · ⤓ 990 PDF
FY2020$274K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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