Maker Nexus
- Assets
- $924.1k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 51
- Location
- Sunnyvale, CA
- Founding
- 09/2018
- Data as of
- 12/2022
- EIN
- 82-3925333
Organization Overview
Maker Nexus is located in Sunnyvale, CA. The organization was established in 2018. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2022, Maker Nexus employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maker Nexus 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 12/2022, Maker Nexus generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 43.5% each year . All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 24.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MAKER NEXUS PROVIDES A WORKSHOP CONTAINING SMALL AND LARGE-SCALE MACHINES FOR WOODWORKING, METALWORKING, PLASTICS, TEXTILES, AND OTHER VOCATIONAL SKILLS AND HOBBY CRAFTS. WE HELP MAKERS OF ALL AGES DEVELOP THEIR SKILLS WITH COMPREHENSIVE TRAINING AND PRACTICAL HANDS-ON EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAKERSPACE: MAKER NEXUS MEMBERS PAY A MONTHLY OR ANNUAL FEE FOR ACCESS TO ALL THE MAKERSPACE TOOLS AND EQUIPMENT FOR THEIR OWN PROJECTS. WE HAVE 3D PRINTERS, LASER CUTTERS, AN EXTENSIVE WOODSHOP, HOME AND INDUSTRIAL TEXTILE EQUIPMENT, AN ELECTRONICS LAB, A METAL SHOP, AND WELDING FACILITIES. OUR EXPERIENCED STAFF MAINTAINS THE MACHINES IN EXCELLENT WORKING ORDER AND ARE ALWAYS AVAILABLE TO LEND A HAND OR PROVIDE ADVICE ON HOW TO EFFECTIVELY USE A TOOL. AT THE BEGINNING TO 2022, THE MODIFICATIONS TO THE NEW, LARGER SPACE WE OCCUPIED IN SEPTEMBER OF 2021 WERE IN PROGRESS, BUT MUCH REMAINED TO BE COMPLETED. WE STARTED 2022 WITH 255 MEMBERS. DESPITE THE DISRUPTIONS OF THE BUILDOUT PROCESS, THE MEMBERSHIP INCREASED TO 340 BY THE END OF 2022.
EDUCATION: MAKER NEXUS FULFILLS ITS EDUCATIONAL MISSION THROUGH FORMAL SKILL-BUILDING SESSIONS, INFORMAL LEARNING OPPORTUNITIES, AND STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, MATHEMATICS PLUS ARTS) ENRICHMENT PROGRAMS THAT EMPHASIZE INQUIRY AND PROBLEM-BASED LEARNING METHODS USED IN THE CREATIVE PROCESS. MAKER NEXUS OFFERED 80 DIFFERENT SKILL-BUILDING AND ENRICHMENT SESSIONS IN 2022. SESSIONS RANGED FROM INSTRUCTION ON BASIC OPERATIONS AND SAFETY FOR EQUIPMENT TO PROJECTS INVOLVING DESIGN AND PROTOTYPING. DURING THE YEAR, WE DELIVERED CLASSES WITH 2,076 TOTAL ENROLLMENTS. ADDITIONALLY, WE RECEIVED GRANT SUPPORT THAT ALLOWED US TO EXPAND OUR WELDING FACILITIES TO SUPPORT LARGER GROUPS OF STUDENTS. WE RAN TWO PROTOTYPE SESSIONS FOR A 30-HOUR PRE-VOCATIONAL COURSE FOR WELDING, AND WE DELIVERED 1- AND 2-WEEK SESSIONS TO 100 STUDENTS FROM THREE HIGH SCHOOLS AND ONE MIDDLE SCHOOL INTRODUCING STUDENTS TO WELDING, METALWORKING, ROCKETRY, AND DESIGN SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regina Sakols Executive Director (1 Month) | Officer | 40 | $7,130 |
Ed Yeh Director | Trustee | 1.5 | $0 |
Robert Smith Director (part Year) | Trustee | 0 | $0 |
Abigail Joseph Director | Trustee | 0.5 | $0 |
Craig Colvin President | Officer | 16 | $0 |
Cara Stoneburner Vice President | Officer | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,108 |
| All other contributions, gifts, grants, and similar amounts not included above | $679,380 |
| Noncash contributions included in lines 1a–1f | $99,504 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $708,488 |
| Total Program Service Revenue | $977,933 |
| Investment income | $2,317 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,553 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,690,291 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,450 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,130 |
| Compensation of current officers, directors, key employees. | $7,130 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $566,192 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,773 |
| Payroll taxes | $51,059 |
| Fees for services: Management | $42,560 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,762 |
| Advertising and promotion | $10,620 |
| Office expenses | $88,753 |
| Information technology | $15,802 |
| Royalties | $0 |
| Occupancy | $224,739 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $93 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,740 |
| Insurance | $15,316 |
| All other expenses | -$136 |
| Total functional expenses | $1,214,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,397 |
| Savings and temporary cash investments | $49 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,672 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,133 |
| Net Land, buildings, and equipment | $44,905 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $695,978 |
| Total assets | $924,134 |
| Accounts payable and accrued expenses | $47,999 |
| Grants payable | $0 |
| Deferred revenue | $25,391 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $573 |
| Other liabilities | $0 |
| Total liabilities | $73,963 |
| Net assets without donor restrictions | $757,874 |
| Net assets with donor restrictions | $92,297 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $924,134 |