Civic Intelligence

Technocopia Inc

990 • Fiscal year 2018 • EIN 46-3296297

Jan 01, 2018 to Dec 31, 2018 • Filed on May 03, 2019

44 Portland Street 6th FloorWorcester, MA 01608

(774) 420-2244

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

83rd percentile

29%

Higher net margin than 83% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

82nd percentile

$15,079

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

89th percentile

76%

Faster asset growth than 89% of similar nonprofits.

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

Revenue Growth

93rd percentile

104%

Faster revenue growth than 93% of similar nonprofits.

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

Assets

Up

$158,128

Up $68,396 (+76%) from 2017

Net Assets

Up

$158,128

Up $68,396 (+76%) from 2017

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

Up

$232,227

Up $118,259 (+104%) from 2017

Expenses

Up

$163,831

Up $51,724 (+46%) from 2017

Net Income

Up

$68,396

Up $66,535 (+3575%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2015: $18,281Net Assets 2015: $18,2812015Assets 2016: $87,871Net Assets 2016: $87,8712016Assets 2017: $89,732Net Assets 2017: $89,7322017Assets 2018: $158,128Liabilities 2018: $0Net Assets 2018: $158,1282018Assets 2019: $126,568Net Assets 2019: $126,5682019Assets 2020: $108,612Liabilities 2020: $0Net Assets 2020: $108,6122020Assets 2021: $136,287Liabilities 2021: $9,485Net Assets 2021: $126,8022021Assets 2022: $448,439Liabilities 2022: $344,888Net Assets 2022: $103,5512022Assets 2023: $361,296Liabilities 2023: $275,222Net Assets 2023: $86,0742023Assets 2024: $463,670Liabilities 2024: $202,146Net Assets 2024: $261,5242024

Highlighted filing

2018

Assets$158,128
Liabilities$0
Net Assets$158,128

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2015: $52,599Expenses 2015: $34,607Net Income 2015: $17,9922015Revenue 2016: $145,230Expenses 2016: $75,640Net Income 2016: $69,5902016Revenue 2017: $113,968Expenses 2017: $112,107Net Income 2017: $1,8612017Revenue 2018: $232,227Expenses 2018: $163,831Net Income 2018: $68,3962018Revenue 2019: $163,685Expenses 2019: $195,245Net Income 2019: -$31,5602019Revenue 2020: $203,230Expenses 2020: $221,186Net Income 2020: -$17,9562020Revenue 2021: $245,704Expenses 2021: $227,507Net Income 2021: $18,1972021Revenue 2022: $257,157Expenses 2022: $280,409Net Income 2022: -$23,2522022Revenue 2023: $219,003Expenses 2023: $236,481Net Income 2023: -$17,4782023Revenue 2024: $449,414Expenses 2024: $273,964Net Income 2024: $175,4502024

Highlighted filing

2018

Revenue$232,227
Expenses$163,831
Net Income$68,396
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 3, 2019
Return Version
2018v3.1
Gross Receipts
$232,227
Mission and Program Overview

Mission

The purpose of the organization is to build and maintain spaces suitable for technical and social collaboration; collaboration on all forms of technology, culture, culture and craft, collaboration and development of new and/or existing technology, culture and craft, that helps provide communities, families, and/or individuals the tools and expertise necessary to sustainably provide for the humanitarian need of a community, family, and/or individual; freely share its research and discoveries; using what is learned to teach others, recruit and develop talented members dedicated to these purposes.

The purpose of the organization is to build and maintain spaces suitable for technical and social collaboration; collaboration on all forms of technology, culture, and craft, colloboration and development of new and/or existing technology, culture and craft, that helps provide communities, families, and/or individuals the tools and expertise necessary to sustainably provide for the humanitarian needs of a community, family, and/or individual; freely share its research and discoveries; using what is learned to teach others, recruit and develop talented members dedicated to these purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$67,750$126,165▲ $58,415
Cash and Non-Interest-Bearing Accounts$21,433$31,839▲ $10,406
Prepaid Expenses and Deferred Charges$549$124▼ $425
Total Assets$89,732$158,128▲ $68,396
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$89,732$158,128▲ $68,396
Total Net Assets Fund Balance$89,732$158,128▲ $68,396
Total Liabilities and Net Assets / Fund Balance$89,732$158,128▲ $68,396

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$69,245$46,518$115,763
Leasehold Improvements$56,920$4,172$61,092
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lauren MonroeDirectorPT$15,079$15,079
Ian AndersonDirector-$1,025$1,025

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$85,838
Program Service Revenue
$146,284
Investment Income
$105
Other Revenue
$0
Change in Net Assets
$68,396
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$147,727
Salaries, Compensation, and Employee Benefits$16,104
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$58,130--$58,130
Fees for Services Other$23,610--$23,610
Depreciation Depletion$23,420--$23,420
Office Expenses$22,480--$22,480
Current Officers, Directors, Trustees, and Key Employees$16,104--$16,104
Insurance$3,270--$3,270
Fees for Services Accounting$2,485--$2,485
Other Expenses$1,725--$1,725
All Other Expenses$915--$915
Advertising$200--$200
Fees for Services Legal$200--$200
Travel$150--$150
Total Functional Expenses$163,831$0$0$163,831
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

Form 990 is reviewed and approved by board of directors

Form 990, Page 6, Part VI, Line 19

Available to public upon request

Filing and Contact Details

Filer

Filer Name
Technocopia Inc
EIN
46-3296297
Phone
7744202244
Address
44 PORTLAND STREET 6TH FLOOR, WORCESTER, MA 01608

Signing Officer

Name
MICHAEL D'ANGELO
Title
Director
Phone
7744202244
Signed
2019-05-03

Organization Details

Principal Officer
MICHAEL D'ANGELO
Formed
2013
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Nancy E Field CPA
Address
1069 MAIN STREET, LEICESTER, MA 01524-1324
Preparer
Nancy E Field
Phone
5083407110
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The purpose of the organization is to build and maintain spaces suitable for technical and social collaboration; collaboration on all forms of technology, culture, and craft, colloboration and development of new and/or existing technology, culture and craft, that helps provide communities, families, and/or individuals the tools and expertise necessary to sustainably provide for the humanitarian needs of a community, family, and/or individual; freely share its research and discoveries; using what is learned to teach others, recruit and develop talented members dedicated to these purposes.

Form 990, Page 2, Part III, Line 4A

The organization has seen significant growth in many areas in the year of 2018. New shop and machine adds have been a textile studio, a computer lab and second classroom, an expanded glass shop, and new 3d printing and metal fabrication techonology. These have led to new workshops and tool training which continue to build member and local community engagement. The organization is proud to have completed it's first full year under the direction of two executive directors, who have worked diligintly throughout the year to create shop teams to help organize and run the maker space's eight shops. This has led to well defined organization of delegated tasks needed in shops, and the empowerment and building of community of instructors and volunteers already working in the space. New classes that were added in 2018 were sewing, serger training, leather hand working tools, book binding, and podcast creation. The organization has also increased its youth programming, particularly designed for school vacations and homeschooling families. Technocopia also ran a pilot skills training program in technology and arts for local teenagers. Technocopia closed 2018 sustaining 80 members and 30 rented personal bays. The organization continues to provide open houses every thursday night to encourage and engage the local community.

Form 990, Part IX, Line 11G

Contract teacher fees 23,610 0 0

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PURPOSE OF THE ORGANIZATION IS TO BUILD AND MAINTAIN SPACES SUITABLE FOR TECHNICAL AND SOCIAL COLLABORATION; COLLABORATION ON ALL FORMS OF TECHNOLOGY, CULTURE, AND CRAFT, COLLOBORATION AND DEVELOPMENT OF NEW AND/OR EXISTING TECHNOLOGY, CULTURE AND CRAFT, THAT HELPS PROVIDE COMMUNITIES, FAMILIES, AND/OR INDIVIDUALS THE TOOLS AND EXPERTISE NECESSARY TO SUSTAINABLY PROVIDE FOR THE HUMANITARIAN NEEDS OF A COMMUNITY, FAMILY, AND/OR INDIVIDUAL; FREELY SHARE ITS RESEARCH AND DISCOVERIES; USING WHAT IS LEARNED TO TEACH OTHERS, RECRUIT AND DEVELOP TALENTED MEMBERS DEDICATED TO THESE PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS SEEN SIGNIFICANT GROWTH IN MANY AREAS IN THE YEAR OF 2018. NEW SHOP AND MACHINE ADDS HAVE BEEN A TEXTILE STUDIO, A COMPUTER LAB AND SECOND CLASSROOM, AN EXPANDED GLASS SHOP, AND NEW 3D PRINTING AND METAL FABRICATION TECHONOLOGY. THESE HAVE LED TO NEW WORKSHOPS AND TOOL TRAINING WHICH CONTINUE TO BUILD MEMBER AND LOCAL COMMUNITY ENGAGEMENT. THE ORGANIZATION IS PROUD TO HAVE COMPLETED IT'S FIRST FULL YEAR UNDER THE DIRECTION OF TWO EXECUTIVE DIRECTORS, WHO HAVE WORKED DILIGINTLY THROUGHOUT THE YEAR TO CREATE SHOP TEAMS TO HELP ORGANIZE AND RUN THE MAKER SPACE'S EIGHT SHOPS. THIS HAS LED TO WELL DEFINED ORGANIZATION OF DELEGATED TASKS NEEDED IN SHOPS, AND THE EMPOWERMENT AND BUILDING OF COMMUNITY OF INSTRUCTORS AND VOLUNTEERS ALREADY WORKING IN THE SPACE. NEW CLASSES THAT WERE ADDED IN 2018 WERE SEWING, SERGER TRAINING, LEATHER HAND WORKING TOOLS, BOOK BINDING, AND PODCAST CREATION. THE ORGANIZATION HAS ALSO INCREASED ITS YOUTH PROGRAMMING, PARTICULARLY DESIGNED FOR SCHOOL VACATIONS AND HOMESCHOOLING FAMILIES. TECHNOCOPIA ALSO RAN A PILOT SKILLS TRAINING PROGRAM IN TECHNOLOGY AND ARTS FOR LOCAL TEENAGERS. TECHNOCOPIA CLOSED 2018 SUSTAINING 80 MEMBERS AND 30 RENTED PERSONAL BAYS. THE ORGANIZATION CONTINUES TO PROVIDE OPEN HOUSES EVERY THURSDAY NIGHT TO ENCOURAGE AND ENGAGE THE LOCAL COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED AND APPROVED BY BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE TO PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACT TEACHER FEES 23,610 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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ReturnHeader/FilingSecurityInformation/IPTm010:45:18
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ReturnHeader/ReturnTs02019-05-13T10:45:18-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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