Staunton Makerspace Inc
- Assets
- $378.1k
- Revenue
- $60.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Staunton, VA
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 82-5313151
Organization Overview
Staunton Makerspace Inc is located in Staunton, VA. The organization was established in 2019. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Staunton Makerspace Inc 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, Staunton Makerspace Inc generated $60.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (31.2%) each year. All expenses for the organization totaled $55.7k during the year ending 12/2022. 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
PROVIDES ART AND STEM EDUCATION TO GENERAL PUBLIC IN VIRGINIA - STAUNTON AND SURROUNDING COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP DUES AND PROGRAMMING . SUPPLIES FOR WORKSHOP
PROGRAM OPERATIONS PORTION 85 OF ALL OTHER EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Klawon President | OfficerTrustee | 2 | $0 |
Molly Schermer Vice President | OfficerTrustee | 2 | $0 |
Dan Funk Secretary | OfficerTrustee | 2 | $0 |
Alex Herron Treasurer | OfficerTrustee | 2 | $0 |
Lisa Jacenich Textiles Guild | Trustee | 2 | $0 |
Sue Mckown Pottery Guild | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $41,425 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,075 |
| Total Program Service Revenue | $2,705 |
| Investment income | $71 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,099 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,723 |
| Information technology | $2,531 |
| Royalties | $0 |
| Occupancy | $19,116 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,660 |
| Insurance | $3,138 |
| All other expenses | $0 |
| Total functional expenses | $55,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,036 |
| Savings and temporary cash investments | $11,212 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $275,446 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,356 |
| Total assets | $378,050 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $36,600 |
| Total liabilities | $36,600 |
| Net assets without donor restrictions | $341,450 |
| Net assets with donor restrictions | $0 |
| 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 | $378,050 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Staunton Makerspace Inc has recieved totaling $370,624.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of The Central Blue Ridge Staunton, VA PURPOSE: BUILDING PURCHASE | $370,624 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Csdc Property Corporation Hanover, MD | $98,381,398 | $10,915,076 |
Nashville Christian Schools Inc Nashville, TN | $15,861,527 | $11,380,929 |
Global Entrepreneurship Network Inc Arlington, VA | $6,928,946 | $10,036,868 |
Fpf Education And Innovation Foundation Washington, DC | $7,838,229 | $9,845,360 |
Miller School Of Albermarle Charlottesville, VA | $35,553,057 | $8,965,798 |
Charter Schools Development Corporation Hanover, MD | $137,072,204 | $25,530,553 |
United States Public Policy Council Mc Lean, VA | $515,116 | $8,099,974 |
Bowling Green Warren County Primary Care Center Inc Bowling Green, KY | $15,935,520 | $7,530,325 |
Global Service Network Inc Apex, NC | $3,942,579 | $9,338,562 |
Integrated Design Electronics Acade My Public Charter School Washington, DC | $15,621,514 | $8,510,421 |
Memphis Rise Academy Inc Memphis, TN | $16,603,150 | $9,374,095 |
Citizens Assembly Inc Washington, DC | $121,418 | $7,353,833 |