Civic Intelligence

Heatsync Labs

990EZ • Fiscal year 2013 • EIN 27-1277735

Jan 01, 2013 to Dec 31, 2013 • Filed on Mar 31, 2014

140 W Main St85201

(602) 904-6473

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

50th percentile

2.6%

Higher net margin than 50% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

51st percentile

2.4%

Faster asset growth than 51% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

23rd percentile

-19%

Faster revenue growth than 23% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Assets

Up

$45,710

Up $14,752 (+48%) from 2011

Net Assets

Up

$45,710

Up $16,867 (+58%) from 2011

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$45,146

Down $12,911 (-22%) from 2011

Expenses

Up

$43,977

Up $10,011 (+29%) from 2011

Net Income

Down

$1,169

Down $22,922 (-95%) from 2011

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80K$60K$40K$20K$0Assets 2010: $4,661Net Assets 2010: $4,6612010Assets 2011: $30,958Liabilities 2011: $2,115Net Assets 2011: $28,8432011Assets 2013: $45,710Net Assets 2013: $45,7102013Assets 2018: $41,676Net Assets 2018: $41,6762018Assets 2020: $76,187Net Assets 2020: $76,1872020Assets 2021: $65,832Net Assets 2021: $65,8322021Assets 2024: $32,642Net Assets 2024: $32,6422024

Highlighted filing

2013

Assets$45,710
Liabilities-
Net Assets$45,710

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KRevenue 2010: $10,184Expenses 2010: $6,142Net Income 2010: $4,0422010Revenue 2011: $58,057Expenses 2011: $33,966Net Income 2011: $24,0912011Revenue 2013: $45,146Expenses 2013: $43,977Net Income 2013: $1,1692013Revenue 2018: $59,113Expenses 2018: $66,206Net Income 2018: -$7,0932018Revenue 2020: $83,707Expenses 2020: $73,242Net Income 2020: $10,4652020Revenue 2021: $48,488Expenses 2021: $58,843Net Income 2021: -$10,3552021Revenue 2024: $63,287Expenses 2024: $71,410Net Income 2024: -$8,1232024

Highlighted filing

2013

Revenue$45,146
Expenses$43,977
Net Income$1,169
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Mar 31, 2014
Return Version
2013v3.1
Gross Receipts
$46,020
Mission and Program Overview

Mission

Tech education, creative, scientific workshops

Science technology educ and collaboration

Program Services

DescriptionGrantsExpenses
HEATSYNC PROVIDES OTHERWISE INACCESSIBLE TOOLS, TECHNOLOGY AND EDUCATIONAL PROGRAMS TO THE COMMUNITY, AS WELL AS DAILY-AVAILABLE WORK SPACE FOR CREATING AND CONSTRUCTING PROJECTS. VOLUNTEERS STAFF THE FACILITY 30 HOURS A WEEK-$38,564
HEATSYNC HOSTED A RICHLY POPULATED CALENDAR OF EVENTS DURING 2013, INCLUDING CLASSES, TECHNICAL MEET-UPS, AND LECTURE EVENTS. AT THE END OF 2013, OVER 6000 DOOR ACCESSES HAD BEEN GRANTED AND MEMBERSHIP EXCEEDED 60 MEMBERS.--
HEATSYNC ALSO PROVIDES A FORUM FOR MEMBERSHIP TO SHOWCASE THEIR PROJECTS.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LUIS MONTESExecutive Director/ PresidentPT$0--
RYAN MCDERMOTTVice PresidentPT$0--
ERIC OSESecretaryPT$0--
CHAD STEARNSTreasurerPT$0--
MOHEEB ZARADirector OperationsPT$0--
Filing and Contact Details

Filer

EIN
27-1277735
Phone
6029046473

Signing Officer

Name
Chad Stearns
Title
Treasurer
Signed
2014-03-31
Discuss with paid preparer
Yes

Preparer

Preparer
Carolyn Sechler
Phone
6022302700
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16, Other Expenses

BANK FEES 172

Form 990-EZ, Part I, Line 16, Other Expenses

Dues and subscriptions 458

Form 990-EZ, Part I, Line 16, Other Expenses

OFFICE SUPPLIES 210

Form 990-EZ, Part I, Line 16, Other Expenses

INSURANCE EXPENSES 2,647

Form 990-EZ, Part I, Line 16, Other Expenses

Small tools tool maintenance 581

Form 990-EZ, Part I, Line 16, Other Expenses

PROGRAM MATERIALS 3,824

Form 990-EZ, Part I, Line 16, Other Expenses

Depreciation expense 4,389

Form 990-EZ, Part II, Line 24, Other Assets

MEMBER GROUP BUY Beginning of year 259, End of year 259

Form 990-EZ, Part II, Line 24, Other Assets

UNDEPOSITED FUND Beginning of year 1,500, End of year 0

Form 990-EZ, Part II, Line 24, Other Assets

NET FIXED ASSETS Beginning of year 24,730, End of year 22,691

Form 990-EZ, Part II, Line 26, Liabilities

DEFERRED REVENUE Beginning of year 100, End of year 0

Form 990-EZ, Part V, Section 1, Line 34

The organizations bylaws were amended as follows article i was amended to define heatsync labs as a physical space for members and the public to work on projects versus heatsync labs as a physical environment. Article 2, section 1 was amended to allow the office of treasurer to be held by up to 2 individuals article 2, section 8 was amended to allow for the removal of a director by a majority vote of all dues-paid members, providing a special election must be held within 60 days to elect a replacement director article iv membership, section 5 was amended to allow guests the use of hsls equipment, providing all parties involved must complete a liability waiver and all guests are adequately supervised. Finally, article iv membership was amended to remove a section providing members unrestricted access to equipment if the equipment wasnt currently in use.

Raw XML Appendix165 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BANK FEES 172
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DUES AND SUBSCRIPTIONS 458
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICE SUPPLIES 210
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INSURANCE EXPENSES 2,647
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SMALL TOOLS TOOL MAINTENANCE 581
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROGRAM MATERIALS 3,824
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DEPRECIATION EXPENSE 4,389
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MEMBER GROUP BUY Beginning of year 259, End of year 259
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8UNDEPOSITED FUND Beginning of year 1,500, End of year 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9NET FIXED ASSETS Beginning of year 24,730, End of year 22,691
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10DEFERRED REVENUE Beginning of year 100, End of year 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11THE ORGANIZATIONS BYLAWS WERE AMENDED AS FOLLOWS ARTICLE I WAS AMENDED TO DEFINE HEATSYNC LABS AS A PHYSICAL SPACE FOR MEMBERS AND THE PUBLIC TO WORK ON PROJECTS VERSUS HEATSYNC LABS AS A PHYSICAL ENVIRONMENT. ARTICLE 2, SECTION 1 WAS AMENDED TO ALLOW THE OFFICE OF TREASURER TO BE HELD BY UP TO 2 INDIVIDUALS ARTICLE 2, SECTION 8 WAS AMENDED TO ALLOW FOR THE REMOVAL OF A DIRECTOR BY A MAJORITY VOTE OF ALL DUES-PAID MEMBERS, PROVIDING A SPECIAL ELECTION MUST BE HELD WITHIN 60 DAYS TO ELECT A REPLACEMENT DIRECTOR ARTICLE IV MEMBERSHIP, SECTION 5 WAS AMENDED TO ALLOW GUESTS THE USE OF HSLS EQUIPMENT, PROVIDING ALL PARTIES INVOLVED MUST COMPLETE A LIABILITY WAIVER AND ALL GUESTS ARE ADEQUATELY SUPERVISED. FINALLY, ARTICLE IV MEMBERSHIP WAS AMENDED TO REMOVE A SECTION PROVIDING MEMBERS UNRESTRICTED ACCESS TO EQUIPMENT IF THE EQUIPMENT WASNT CURRENTLY IN USE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990-EZ, Part II, Line 24, Other Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990-EZ, Part II, Line 24, Other Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990-EZ, Part II, Line 24, Other Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990-EZ, Part II, Line 26, Liabilities
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990-EZ, Part V, Section 1, Line 34
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ReturnHeader/ReturnTs02014-03-31T03:54:06-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

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Filings