Civic Intelligence

Make Startups Institute Inc

990 • Fiscal year 2018 • EIN 46-2793987

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 10, 2019

100 Grace Hopper LaneAugusta, GA 30901

(706) 877-8707

Siviq Scores

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

Liabilities / Assets

90th percentile

0.73x

Higher debt load relative to assets than 90% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

82nd percentile

0.36x

Higher debt load relative to revenue than 82% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

39th percentile

-0.3%

Higher net margin than 39% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

79th percentile

$75,000

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 13.1% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

61st percentile

5.7%

Faster asset growth than 61% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

91st percentile

76%

Faster revenue growth than 91% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$276,918

Up $14,955 (+5.7%) from 2017

Net Assets

Up

$73,608

Up $34,061 (+86%) from 2017

Liabilities

Down

$203,310

Down $19,106 (-8.6%) from 2017

Revenue

Up

$571,653

Up $247,359 (+76%) from 2017

Expenses

Up

$573,166

Up $237,904 (+71%) from 2017

Net Income

Up

-$1,513

Up $9,455 (+86%) from 2017

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2013: $1Liabilities 2013: $02013Assets 2014: $45,341Liabilities 2014: $0Net Assets 2014: $45,3412014Assets 2015: $67,635Liabilities 2015: $1,690Net Assets 2015: $65,9452015Assets 2016: $64,764Liabilities 2016: $1,756Net Assets 2016: $63,0082016Assets 2017: $261,963Liabilities 2017: $222,416Net Assets 2017: $39,5472017Assets 2018: $276,918Liabilities 2018: $203,310Net Assets 2018: $73,6082018Assets 2019: $29,598Liabilities 2019: $1,618Net Assets 2019: $27,9802019Assets 2020: $63,150Liabilities 2020: $2,263Net Assets 2020: $60,8872020Assets 2021: $47,185Liabilities 2021: $2,275Net Assets 2021: $44,9102021Assets 2022: $45,710Liabilities 2022: $658Net Assets 2022: $45,0522022Assets 2023: $145,685Liabilities 2023: $0Net Assets 2023: $145,6852023Assets 2024: $30,385Liabilities 2024: $2,530Net Assets 2024: $27,8552024

Highlighted filing

2018

Assets$276,918
Liabilities$203,310
Net Assets$73,608

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $83,512Expenses 2014: $38,171Net Income 2014: $45,3412014Revenue 2015: $173,359Expenses 2015: $152,754Net Income 2015: $20,6052015Revenue 2016: $193,087Expenses 2016: $196,025Net Income 2016: -$2,9382016Revenue 2017: $324,294Expenses 2017: $335,262Net Income 2017: -$10,9682017Revenue 2018: $571,653Expenses 2018: $573,166Net Income 2018: -$1,5132018Revenue 2019: $799,528Expenses 2019: $809,818Net Income 2019: -$10,2902019Revenue 2020: $674,392Expenses 2020: $644,678Net Income 2020: $29,7142020Revenue 2021: $725,558Expenses 2021: $741,535Net Income 2021: -$15,9772021Revenue 2022: $626,854Expenses 2022: $626,712Net Income 2022: $1422022Revenue 2023: $706,113Expenses 2023: $605,480Net Income 2023: $100,6332023Revenue 2024: $642,698Expenses 2024: $760,528Net Income 2024: -$117,8302024

Highlighted filing

2018

Revenue$571,653
Expenses$573,166
Net Income-$1,513
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 10, 2019
Return Version
2018v3.1
Gross Receipts
$571,653
Mission and Program Overview

Mission

The vision of our hackerspace is a self sustaining creative technology cooperative workshop that provides people with the space, equipment, instruction, guidance, and friendships necessary to tackle any challenge they may face. We believe that the sole purpose of technology is to better human lives, and that through mastery of it, our members can enjoy higher quality of life while also being individually more productive. Our goal is to better the economic circumstances of our community through venture creation based upon humanistic ideals and long term sustainability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$220,250$240,821▲ $20,571
Prepaid Expenses and Deferred Charges$33,000--
Land, Buildings, and Equipment, Net$8,713$25,953▲ $17,240
Intangible Assets-$1,900-
Total Assets$261,963$276,918▲ $14,955
Other Assets Total-$8,244-
Liabilities
Deferred Revenue$218,453$201,380▼ $17,073
Accounts Payable and Accrued Expenses$3,963$1,930▼ $2,033
Total Liabilities$222,416$203,310▼ $19,106
Net Assets / Fund Balance
Unrestricted Net Assets$39,547$73,608▲ $34,061
Total Net Assets Fund Balance$39,547$73,608▲ $34,061
Total Liabilities and Net Assets / Fund Balance$261,963$276,918▲ $14,955

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$25,953$48,686$74,639
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Eric ParkerDirectorFT$75,000$75,000
Grace BelangiaDirectorFT$45,000$45,000

Board Members and Trustees

NameTitle
Charlie AuvermannBoard Member
Cobbs NixonBoard Member
Dan MinahanBoard Member
Scott ManningTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$513,786
Program Service Revenue
$38,664
Investment Income
$1
Other Revenue
$19,202
All Other Contributions
$437,589
Change in Net Assets
$-1,513

Audited Revenue Reconciliation

Revenue per Audited Statements
$571,653
Total Revenue per Audited Statements
$571,653
Total Revenue per Form 990
$571,653
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$301,080
Salaries, Compensation, and Employee Benefits$272,086
Total Fundraising Expense$37,138
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$119,298$7,546$15,092$141,936
Current Officers, Directors, Trustees, and Key Employees$120,000--$120,000
Fees for Services Other$56,194--$56,194
Occupancy$44,039$1,031$2,061$47,131
Other Expenses$22,740$1,502$3,005$22,740
Depreciation Depletion$21,677-$413$22,090
Advertising$18,488$881$1,762$21,131
All Other Expenses$16,295$1,389$2,667$20,351
Payroll Taxes$7,105$1,015$2,030$10,150
Fees for Services Accounting$7,034$1,005$2,010$10,049
Travel$7,496$624$1,247$9,367
Office Expenses$7,013$25$50$7,088
Insurance$1,851$264$529$2,644
Total Functional Expenses$517,609$18,419$37,138$573,166

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$573,166
Expenses per Audited Statements$561,650
Total Expenses per Audited Statements$561,650
Expenses Not Reported on Financial Statements$11,516
Other Expense Adjustments$11,516
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The board treasurer reviews form 990 with the excutive directors and makes a report to the board of trustees after the three have approved the form 990.

Form 990, Page 6, Part VI, Line 12C

Each board member is responsible for disclosing any conflicts & has signed a document assenting to this. Conflicts are to be disclosed immediately & are documented in meeting minutes. The board chairman & secretary are responsible for enforcing this policy.

Form 990, Page 6, Part VI, Line 15A

Currently the two executive directors are not paid by hack augusta as employees. They are paid as contractors through specific grant allocations that are outside of the board of directors discretion. At the end of both grants, the directors current consulting fees will end unless another grant approves a similar consulting fee. The board has authorized paying the co executive directors as contractors for 2019 through the regular operating budget.

Form 990, Page 6, Part VI, Line 19

Available upon request. Financial forms are posted online at guidestar.org annual reports are mailed to members & supporters.

Filing and Contact Details

Filer

Filer Name
Hack Augusta Inc
EIN
46-2793987
Phone
7068778707
Address
100 GRACE HOPPER LANE, AUGUSTA, GA 30901
Doing Business As
The Club House

Signing Officer

Name
Grace Belangia
Title
Director
Phone
7068778707
Signed
2019-06-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Parker
Formed
2013
Legal Domicile
Ga
Voting Board Members
6
Independent Board Members
6
Employees
8
Volunteers
15

Preparer

Firm
Bedingfield Mccutcheon & Perry
Address
828 GREENE ST, AUGUSTA, GA 30901-0214
Preparer
H Ellis Mccutcheon
Phone
7067248085
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The vision of our hackerspace is a self sustaining creative technology cooperative workshop that provides people with the space, equipment, instruction, guidance, and friendships necessary to tackle any challenge they may face. We believe that the sole purpose of technology is to better human lives, and that through mastery of it, our members can enjoy higher quality of life while also being individually more productive. Our goal is to better the economic circumstances of our community through venture creation based upon humanistic ideals and long term sustainability.

Form 990, Part XI, Line 9

Book / tax depreciation difference 11,516

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 4B

Book / tax depreciation difference 11,516

Raw XML AppendixShowing 400 of 411 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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IRS990/ProgSrvcAccomActy3Grp/Desc0START UP LIFE & RESIDENT IN TRAINING - FOSTER ENTREPRENEURS THROUGH SPECIFIC PROGRAM MATERIAL, 1 ON 1 MENTORING, CLASSES COVERING ALL ASPECTS OF STARTING & RUNNING A NEW BUSINESS. START UP LIFE PARTICIPANTS RECEIVE ONE YEAR OF FULL EMERSION COACHING TO HELP THEM TAKE THEIR BUSINESS IDEAS TO THE NEXT LEVEL WITH FOCUSED GUIDANCE & FINANCIAL ASSITANCE.
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IRS990/RevenueAmt034486
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0260630
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0117932
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt077471
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01029270
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt077471
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt048686
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 11,516
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0EXECUTIVE DIREC
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0AS PART OF THE START UP LIFE GRANT THROUGH THE KAUFFMAN FOUNDATION, THE 10 INDIVIDUALS SELECTED WERE GIVEN HOUSING FOR THEIR YEAR IN THE PROGRAM. ERIC PARKER, CO EXECUTIVE DIRECTOR, BOUGHT A HOUSE THROUGH HIS FOR PROFIT ARCHITECTURE DESIGN FIRM FOR THE PARTICIPANTS TO LIVE IN. HACK AUGUSTA PAYS 3,600 A MONTH IN RENT FOR THE 5 BEDROOM HOUSE. THE FIRST YEARS RENT WAS PREPAID ALONG WITH REIMBURSEMENTS FOR IMPROVEMENTS TO THE HOUSE TO MAKE IT HABITABLE FOR THE PARTICIPANTS. HACK AUGUSTA PROVIDES FOR THE UTILITES, FOOD, SUPPLIES ETC. THE KAUFFMAN FOUNDATION AND HACK AUGUSTA'S BOARD OF DIRECTORS ARE FULLY AWARE OF THE ARRAIGNEMENT. GRACE BELANGIA'S SAND HILLS ENDEAVORS AND ERIC PARKER'S CONIMA BOTH RECEIVE CONSULTING FEES FROM HACK AUGUSTA. THESE CONSULTING FEES ARE DESIGNATED EXPENSES EXPLICITLY WRITTEN INTO THE GRANT PROPOSALS FOR START UP LIFE AND THE ROBERT W. JOHNSON FOUNDATION. THE BAORD OF TRUSTEES IS FULLY AWARE OF THE ARRIANGEMENT.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE VISION OF OUR HACKERSPACE IS A SELF SUSTAINING CREATIVE TECHNOLOGY COOPERATIVE WORKSHOP THAT PROVIDES PEOPLE WITH THE SPACE, EQUIPMENT, INSTRUCTION, GUIDANCE, AND FRIENDSHIPS NECESSARY TO TACKLE ANY CHALLENGE THEY MAY FACE. WE BELIEVE THAT THE SOLE PURPOSE OF TECHNOLOGY IS TO BETTER HUMAN LIVES, AND THAT THROUGH MASTERY OF IT, OUR MEMBERS CAN ENJOY HIGHER QUALITY OF LIFE WHILE ALSO BEING INDIVIDUALLY MORE PRODUCTIVE. OUR GOAL IS TO BETTER THE ECONOMIC CIRCUMSTANCES OF OUR COMMUNITY THROUGH VENTURE CREATION BASED UPON HUMANISTIC IDEALS AND LONG TERM SUSTAINABILITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD TREASURER REVIEWS FORM 990 WITH THE EXCUTIVE DIRECTORS AND MAKES A REPORT TO THE BOARD OF TRUSTEES AFTER THE THREE HAVE APPROVED THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH BOARD MEMBER IS RESPONSIBLE FOR DISCLOSING ANY CONFLICTS & HAS SIGNED A DOCUMENT ASSENTING TO THIS. CONFLICTS ARE TO BE DISCLOSED IMMEDIATELY & ARE DOCUMENTED IN MEETING MINUTES. THE BOARD CHAIRMAN & SECRETARY ARE RESPONSIBLE FOR ENFORCING THIS POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CURRENTLY THE TWO EXECUTIVE DIRECTORS ARE NOT PAID BY HACK AUGUSTA AS EMPLOYEES. THEY ARE PAID AS CONTRACTORS THROUGH SPECIFIC GRANT ALLOCATIONS THAT ARE OUTSIDE OF THE BOARD OF DIRECTORS DISCRETION. AT THE END OF BOTH GRANTS, THE DIRECTORS CURRENT CONSULTING FEES WILL END UNLESS ANOTHER GRANT APPROVES A SIMILAR CONSULTING FEE. THE BOARD HAS AUTHORIZED PAYING THE CO EXECUTIVE DIRECTORS AS CONTRACTORS FOR 2019 THROUGH THE REGULAR OPERATING BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST. FINANCIAL FORMS ARE POSTED ONLINE AT GUIDESTAR.ORG ANNUAL REPORTS ARE MAILED TO MEMBERS & SUPPORTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOOK / TAX DEPRECIATION DIFFERENCE 11,516
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/USAddress/CityNm0AUGUSTA
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GRACE BELANGIA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07068778707
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-06-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HACK AUGUSTA INC
ReturnHeader/Filer/BusinessNameControlTxt0HACK
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId003A9C2451AF2898CFEB0EC815A819BA127B3D391
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0207.98.172.90
ReturnHeader/FilingSecurityInformation/IPDt02019-06-27
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:40:42
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0581259294
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BEDINGFIELD MCCUTCHEON & PERRY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0828 GREENE ST

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