Civic Intelligence

Hack Factory of Minnesota Inc

990EZ • Fiscal year 2020 • EIN 27-1536940

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 26, 2021

3119 East 26th StreetMinneapolis, MN 55405

(651) 252-4142

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 2020

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2020

Net Margin

37th percentile

-1.8%

Higher net margin than 37% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

38th percentile

-1.9%

Faster asset growth than 38% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

61st percentile

-3.1%

Faster revenue growth than 61% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$126,106

Down $2,500 (-1.9%) from 2019

Net Assets

Down

$126,106

Down $2,500 (-1.9%) from 2019

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$163,752

Down $5,212 (-3.1%) from 2019

Expenses

Up

$166,680

Up $27,260 (+20%) from 2019

Net Income

Down

-$2,928

Down $32,472 (-110%) from 2019

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2017: $98,697Net Assets 2017: $98,6972017Assets 2019: $128,606Liabilities 2019: $0Net Assets 2019: $128,6062019Assets 2020: $126,106Net Assets 2020: $126,1062020Assets 2021: $149,862Net Assets 2021: $149,8622021Assets 2022: $196,073Liabilities 2022: $0Net Assets 2022: $196,0732022Assets 2023: $302,696Liabilities 2023: $0Net Assets 2023: $302,6962023Assets 2024: $398,628Liabilities 2024: $2,147Net Assets 2024: $396,4812024

Highlighted filing

2020

Assets$126,106
Liabilities-
Net Assets$126,106

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2017: $119,534Expenses 2017: $102,818Net Income 2017: $16,7162017Revenue 2019: $168,964Expenses 2019: $139,420Net Income 2019: $29,5442019Revenue 2020: $163,752Expenses 2020: $166,680Net Income 2020: -$2,9282020Revenue 2021: $192,466Expenses 2021: $168,710Net Income 2021: $23,7562021Revenue 2022: $239,434Expenses 2022: $180,065Net Income 2022: $59,3692022Revenue 2023: $280,326Expenses 2023: $173,703Net Income 2023: $106,6232023Revenue 2024: $332,206Expenses 2024: $238,421Net Income 2024: $93,7852024

Highlighted filing

2020

Revenue$163,752
Expenses$166,680
Net Income-$2,928
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 26, 2021
Return Version
2020v4.0
Gross Receipts
$163,752
Mission and Program Overview

Mission

The mission is to make, share and learn. Operating a maker space/hacker space for members to build projects using various media and technologies, from wood and metal working to electronics to fabric and beyond. We strive to educate people through classes and workshops on tool usage, fabrication techniques, technology and software.

Program Services

DescriptionGrantsExpenses
TWIN CITIES MAKER, INC. PROMOTES PRACTICAL EDUCATION IN SCIENCE, TECHNOLOGY, ENGINEERING AND OTHER ARTS BY PROVIDING FACILITIES FOR CLASSES, WORKSHOPS, PRESENTATIONS AND EQUIPMENT TRAINING. DURING 2020 WE HELD OVER 50 CLASSES AND EVENTS.-$166,680
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JONATHAN MURRAYDirectorPT$0--
JOSEPH BOZARTHDirectorPT$0--
KAT CANTNERDirectorPT$0--
SAM HIRTE-RUNSCHDirectorPT$0--
AARON BERGDirectorPT$0--
SCOTT HILLPresidentPT$0--
BRANDON PAPLOWDirectorPT$0--
BOB POATESecretaryPT$0--
ROY GREENVice PresidePT$0--
SCOTT ERIETreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
Twin Cities Maker Inc
EIN
27-1536940
Phone
6512524142
Address
3119 EAST 26TH STREET, MINNEAPOLIS, MN 55405

Signing Officer

Name
Scott Erie
Title
Treasurer
Phone
6122470790
Signed
2021-10-26
Discuss with paid preparer
Yes

Preparer

Firm
Rhode Schwan & Company Pa
Address
3401 WEST 44TH STREET, MINNEAPOLIS, MN 55410
Preparer
Mark R Rhode CPA
Phone
6129221676
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Miscellaneous 1,525 vending income 957 total 2,482

Form 990-ez, Part I, Line 16

Expenses advertising 36 office supplies 1,224 postage 403 insurance 4,033 vehicle expense 122 bad debts 55 bank fees 4,359 books, subscriptions 32 class supply costs 405 event expenses 330 repairs & maintenance 6,458 tool expense 13,777 shop supplies 11,367 computer costs 920 telephone & internet 2,583 hosting 2,303 travel & meetings 126 vending supplies 637 paypal fees 585 miscellaneous 2,286 investment depreciation 10,350 total 62,391

Form 990-ez, Part I, Line 20

Prior period adjustment 428 adjustment to prior period reconciliation.

Form 990-ez, Part II, Line 24

Shop equipment, furniture 79,761 79,761 less accumulated depreciation 38,667 49,017 total 41,094 30,744

Form 990-ez, Part III

The mission is to make, share and learn. Operating a maker space/hacker space for members to build projects using various media and technologies, from wood and metal working to electronics to fabric and beyond. We strive to educate people through classes and workshops on tool usage, fabrication techniques, technology and software.

Form 990-ez, Part III, Line 28

Twin cities maker, inc. Promotes practical education in science, technology, engineering and other arts by providing facilities for classes, workshops, presentations and equipment training. During 2020 we held over 50 classes and events.

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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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IRS990EZ/OtherChangesInNetAssetsAmt0428
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IRS990EZ/PrimaryExemptPurposeTxt0THE MISSION IS TO MAKE, SHARE AND LEARN. OPERATING A MAKER SPACE/HACKER SPACE FOR MEMBERS TO BUILD PROJECTS USING VARIOUS MEDIA AND TECHNOLOGIES, FROM WOOD AND METAL WORKING TO ELECTRONICS TO FABRIC AND BEYOND. WE STRIVE TO EDUCATE PEOPLE THROUGH CLASSES AND WORKSHOPS ON TOOL USAGE, FABRICATION TECHNIQUES, TECHNOLOGY AND SOFTWARE.
IRS990EZ/ProgramServiceRevenueAmt021598
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TWIN CITIES MAKER, INC. PROMOTES PRACTICAL EDUCATION IN SCIENCE, TECHNOLOGY, ENGINEERING AND OTHER ARTS BY PROVIDING FACILITIES FOR CLASSES, WORKSHOPS, PRESENTATIONS AND EQUIPMENT TRAINING. DURING 2020 WE HELD OVER 50 CLASSES AND EVENTS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MISCELLANEOUS 1,525 VENDING INCOME 957 TOTAL 2,482
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING 36 OFFICE SUPPLIES 1,224 POSTAGE 403 INSURANCE 4,033 VEHICLE EXPENSE 122 BAD DEBTS 55 BANK FEES 4,359 BOOKS, SUBSCRIPTIONS 32 CLASS SUPPLY COSTS 405 EVENT EXPENSES 330 REPAIRS & MAINTENANCE 6,458 TOOL EXPENSE 13,777 SHOP SUPPLIES 11,367 COMPUTER COSTS 920 TELEPHONE & INTERNET 2,583 HOSTING 2,303 TRAVEL & MEETINGS 126 VENDING SUPPLIES 637 PAYPAL FEES 585 MISCELLANEOUS 2,286 INVESTMENT DEPRECIATION 10,350 TOTAL 62,391
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRIOR PERIOD ADJUSTMENT 428 ADJUSTMENT TO PRIOR PERIOD RECONCILIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SHOP EQUIPMENT, FURNITURE 79,761 79,761 LESS ACCUMULATED DEPRECIATION 38,667 49,017 TOTAL 41,094 30,744
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MISSION IS TO MAKE, SHARE AND LEARN. OPERATING A MAKER SPACE/HACKER SPACE FOR MEMBERS TO BUILD PROJECTS USING VARIOUS MEDIA AND TECHNOLOGIES, FROM WOOD AND METAL WORKING TO ELECTRONICS TO FABRIC AND BEYOND. WE STRIVE TO EDUCATE PEOPLE THROUGH CLASSES AND WORKSHOPS ON TOOL USAGE, FABRICATION TECHNIQUES, TECHNOLOGY AND SOFTWARE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TWIN CITIES MAKER, INC. PROMOTES PRACTICAL EDUCATION IN SCIENCE, TECHNOLOGY, ENGINEERING AND OTHER ARTS BY PROVIDING FACILITIES FOR CLASSES, WORKSHOPS, PRESENTATIONS AND EQUIPMENT TRAINING. DURING 2020 WE HELD OVER 50 CLASSES AND EVENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 28
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT. THE ORGANIZATION DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/PreparerPersonGrp/PhoneNum06129221676
ReturnHeader/PreparerPersonGrp/PreparationDt02021-10-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK R RHODE CPA
ReturnHeader/ReturnTs02021-11-04T13:28:36-05:00
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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