Civic Intelligence

Heatsync Labs

990EZ • Fiscal year 2021 • EIN 27-1277735

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 19, 2022

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 2021

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2021

Net Margin

18th percentile

-21%

Higher net margin than 18% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

23rd percentile

-14%

Faster asset growth than 23% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

20th percentile

-42%

Faster revenue growth than 20% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$65,832

Down $10,355 (-14%) from 2020

Net Assets

Down

$65,832

Down $10,355 (-14%) from 2020

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$48,488

Down $35,219 (-42%) from 2020

Expenses

Down

$58,843

Down $14,399 (-20%) from 2020

Net Income

Down

-$10,355

Down $20,820 (-199%) from 2020

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

2021

Assets$65,832
Liabilities-
Net Assets$65,832

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

2021

Revenue$48,488
Expenses$58,843
Net Income-$10,355
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 19, 2022
Return Version
2021v4.2
Gross Receipts
$48,488
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.-$51,321
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 PROVIDE OVER 630 HOURS OF FREE PUBLIC ACCESS TO TECH EDUCATION EVERY YEAR.--
WE PROVIDED 100 FREE PUBLIC OPEN HOURS SESSIONS FOR TOOL WORKSPACE USE AS WELL AS CO-WORKING OPPORTUNITIES. LED 23 VIRTUAL YOUNG MAKERS EVENTS. HOSTED 11 STRUCTURED TRAINING EVENTS AND 15 WORKSHOPS.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DARRELL WERTZPresident Since 10/1/21-$0--
JOT POWERSVice President Since 10/1/21-$0--
ERIC WOODTreasurer Since 10/1/21-$0--
ANDREW LEWTONDirector Since 10/1/21-$0--
SHAUDRA NEWSTEADPres. Thru 10/1/21/Secretary Since 10/1/21-$0--
MIKE WOLFSONVice President Thru 6/1/21-$0--
DAVID FLORESTresurer Thru 10/1/21-$0--
LUIS MONTESSecretary Thru 10/1/21-$0--
GABE FINKEOps Director Thru 10/1/21-$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
Eric Wood
Title
Treasurer
Phone
6024925227
Signed
2022-04-19
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 2,325

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

IT Expenses 203

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

Meeting Expenses 42

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

Insurance 1,632

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

Program Parts and Supplies 4,253

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

Advertising 6

Raw XML Appendix169 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/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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No mirrored PDF or thumbnail assets are attached yet.

Filings