Duluth Makerspace
- Assets
- $59.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, MN
- Founding
- 07/2018
- Data as of
- 12/2023
- EIN
- 82-3371520
Organization Overview
Duluth Makerspace is located in Duluth, MN. The organization was established in 2018. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Duluth Makerspace is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Duluth Makerspace generated $102.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $67.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maxwell Elfelt President Of Board | 2 | $0 | |
Jesse Ferguson Secretary | 2 | $0 | |
Rick Umpierre Vice President Of Board | 2 | $0 | |
Alyssa Friesen Treasurer | 2 | $0 | |
Mike Olson Executive Director | 20 | $16,498 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,928 |
| Total Program Service Revenue | $20,124 |
| Membership dues | $56,580 |
| Investment income | $0 |
| Gain or Loss | $211 |
| Net Income from Gaming & Fundraising | $1,339 |
| Other Revenue | $0 |
| Total Revenue | $102,182 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $25,825 |
| Occupancy, rent, utilities, and maintenance | $25,636 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $16,202 |
| Total expenses | $67,663 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $59,461 |
| Other assets | $0 |
| Total assets | $59,461 |
| Total liabilities | $0 |
| Net assets or fund balances | $59,461 |