Civic Intelligence

Heatsync Labs

990EZ • Fiscal year 2019 • EIN 27-1277735

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 28, 2020

108 W Main StreetMesa, AZ 85201

(602) 492-5227

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 2019

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2019

Net Margin

80th percentile

25%

Higher net margin than 80% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

82nd percentile

$13,000

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 13.7% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

86th percentile

58%

Faster asset growth than 86% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

88th percentile

61%

Faster revenue growth than 88% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$65,722

Up $24,046 (+58%) from 2018

Net Assets

Up

$65,722

Up $24,046 (+58%) from 2018

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$95,188

Up $36,075 (+61%) from 2018

Expenses

Up

$71,222

Up $5,016 (+7.6%) from 2018

Net Income

Up

$23,966

Up $31,059 (+438%) from 2018

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 2019: $65,722Net Assets 2019: $65,7222019Assets 2020: $76,187Net Assets 2020: $76,1872020Assets 2021: $65,832Net Assets 2021: $65,8322021Assets 2024: $32,642Net Assets 2024: $32,6422024

Highlighted filing

2019

Assets$65,722
Liabilities-
Net Assets$65,722

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 2019: $95,188Expenses 2019: $71,222Net Income 2019: $23,9662019Revenue 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

2019

Revenue$95,188
Expenses$71,222
Net Income$23,966
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 28, 2020
Return Version
2019v5.1
Gross Receipts
$95,188
Mission and Program Overview

Mission

Science and Technology Education and Collaboration

Tech education, creative, scientific workshops

Program Services

DescriptionGrantsExpenses
HEATSYNC LABS IS A COMMUNITY-DRIVEN SHOP AND WORKSPACE WHERE ENGINEERS, ARTISTS, STUDENTS, AND HOBBYISTS COME TO MAKE PROTOTYPES, ART, AND OTHER CREATIVE PROJECTS. WE PROVIDE THE TOOLS, RESOURCES, AND SKILLS.$719$61,915
OUR WORKSHOP IS OPEN TO THE PUBLIC TO CREATE AND LEARN, NO MEMBERSHIP NEEDED. WE HAVE 100 MEMBERS AND 900 NONMEMBERS UTILIZE OUR LAB FACILITIES. WE PROVIDED OVER 630 HOURS OF FREE PUBLIC ACCESS TO TECH EDUCATION IN 2019.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LUIS MONTESSecretaryPT$13,000-$13,000
SHAUNDRA NEWSTEADPresidentPT$673-$673
MILTON WILLIAMSVice-President Until 2/15/19PT$190-$190
DAVID FLORESTreasurerPT$100-$100
GREG OSWALTVice President 4/25/19-10/10/19PT$0--
NATE PLAMONDONDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Heatsync Labs
EIN
27-1277735
Phone
6024925227
Address
108 W MAIN STREET, MESA, AZ 85201

Signing Officer

Name
David Flores
Title
Treasurer
Signed
2020-10-28
Discuss with paid preparer
Yes

Preparer

Firm
Sechler Morgan Cpas Pllc
Address
2418 W BARROW DRIVE, CHANDLER, AZ 85224
Preparer
Kristina Morgan CPA
Phone
6022302700
Supplemental Narrative

Additional Explanations

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

Office Expenses 3,787

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

IT Expenses 209

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

Meeting Expenses 23

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

Depreciation 2,323

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

Insurance 2,571

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

Program Parts and Supplies 2,664

Form 990-EZ, Part I, Line 20, Net Assets

Prior period adjustment 80

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

Net Fixed Assets Beginning of year 2,631, End of year 308

Raw XML Appendix177 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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ReturnHeader/BuildTS02021-01-29 14:40:06Z
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Filings