Sync Space is an Entrepreneur Center with accelerator programs that uniquely focuses on the support of local and recruited startups that are considering northeast tennessee as a place to grow or expand their business.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
$125K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $12K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$125K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $278K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$18K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$489K
+41% vs prior year
Spent
$496K
To programs
63%
Net assets
$95K
By yearFY2021–FY2025
Revenue
$489K
FY2023▲ +41%
Tap a bar for its year
Revenue by fiscal year
FY2021$551K
FY2022$348K
FY2023$489K
FY2024$641K
FY2025$457K
Expenses
$496K
FY2023▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2021$506K
FY2022$481K
FY2023$496K
FY2024$565K
FY2025$496K
Net assets
$95K
FY2023▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2021$236K
FY2022$102K
FY2023$95K
FY2024$171K
FY2025$132K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 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 Sep 2020.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $312K Management & general 37% · $184K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $125K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President, E
$124,800Pt VII · Sec A
Director, Ch
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Heath Guinn’s $125K as President, Ed is at the 84th percentile of top reported officer pay among 1709 $100K–1M community development 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Heath Guinn$124,800$124,800$124,800$106,600$106,600

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.

See Sync Space Entrepreneur Center executive salaries →

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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

Helps startups grow and expand their businesses in Northeast Tennessee.

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Provided by the organization

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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 · FY2024
Total grants receivedfrom 1 funder$278K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$489K
Ln 12
Gifts and grantsLn 1h$489K
Money outPt IX
$496K
Ln 25
Programscol B$312K
Managementcol C$184K
Owns and owesPt X
$95K
net assets · Ln 32
Cash and savingsLn 1–2$88K
Total assetsLn 16$113K
LiabilitiesLn 26$18K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$489K
Government grantsLn 1e$489K
Total revenueLn 12$489K
Assets in detailPt X, end of year
CashLn 1$88K
Cash and savings togetherLn 1–2$88K
Total assetsLn 16$113K
LiabilitiesLn 26$18K
Net assetsLn 32$95K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderJune
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 FY23End FY23
Cash and savingsLn 1–2$71K$88K
Total assetsLn 16$109K$113K
LiabilitiesLn 26$7K$18K
Net assetsLn 32$102K$95K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$50K$50K
Payroll taxesLn 10$9K$9K
Legal feesLn 11b$9K$9K
Other fees for servicesLn 11g$105K$105K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$9K$9K
OccupancyLn 16$4K$4K
TravelLn 17$26K$26K
Conferences, conventions and meetingsLn 19$2K$2K
Other expenses (24a–d)Ln 24$268K$116K$151K
All other expensesLn 24e$10K$3K$7K
Total functional expensesLn 25$496K$312K$184K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $457K$496K−$39K$132K 990 PDF
FY2024 $641K$565K$76K$171K 990 PDF
FY2023 Viewing $489K$496K−$7K$95K 990 PDF
FY2022 $348K$481K−$134K$102K 990 PDF
FY2021 $551K$506K$45K$236K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $489,120 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $347,750$489,120
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $347,750$489,120
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $19,358$58,870
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $462,086$437,237
I-18 Total expensesPrior year $481,444$496,107
I-19 Revenue less expensesPrior year −$133,694−$6,987
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $489,120 across 3 lines filed
VIII-1e Government grants$489,120
VIII-1h Total contributions, gifts and grants$489,120
VIII-12 Total revenue$489,120
Part IX · Statement of functional expenses $496,107 across 11 lines filed
IX-7 Other salaries and wagesPrograms $50,252$50,252
IX-10 Payroll taxesPrograms $8,618$8,618
IX-11b Legal feesManagement $9,256$9,256
IX-11g Other fees for servicesPrograms $105,320$105,320
IX-12 Advertising and promotionManagement $4,462$4,462
IX-13 Office expensesManagement $9,184$9,184
IX-16 OccupancyManagement $3,518$3,518
IX-17 TravelPrograms $25,581$25,581
IX-19 Conferences, conventions and meetingsPrograms $1,976$1,976
IX-24 Other expenses (24a–d)Programs $116,446 · Management $151,400$267,846
IX-24e All other expensesPrograms $3,480 · Management $6,614$10,094
IX-25 Total functional expensesPrograms $311,673 · Management $184,434 · Fundraising $0$496,107
Part X · Balance sheet $113,186 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $71,254$88,186
X-3 Pledges and grants receivableStart of year $37,550$25,000
X-16 Total assetsStart of year $108,804$113,186
X-18 Grants payableStart of year $6,881$18,250
X-25 Other liabilitiesStart of year $75$75
X-26 Total liabilitiesStart of year $6,956$18,325
X-27 Net assets without donor restrictionsStart of year $101,848$94,861
X-32 Total net assets or fund balancesStart of year $101,848$94,861
X-33 Total liabilities and net assetsStart of year $108,804$113,186
Part XI · Reconciliation of net assets $94,861 net assets at year end
XI-1 Total revenue$489,120
XI-2 Total expenses$496,107
XI-3 Revenue less expenses−$6,987
XI-4 Net assets at start of year$101,848
XI-10 Net assets at end of year$94,861

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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