Maker Nexus
- Assets
- $417.2k
- Revenue
- $955.5k
- Investments
- $0.0
- Employees
- 21
- Location
- Sunnyvale, CA
- Founding
- 09/2018
- Data as of
- 12/2021
- EIN
- 82-3925333
Organization Overview
Maker Nexus is located in Sunnyvale, CA. The organization was established in 2018. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2021, Maker Nexus employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maker Nexus is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Maker Nexus generated $955.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $890.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATION IN WOODWORKING, TEXTILES, METALWORKING, AND OTHER VOCATIONAL SKILLS AND HOBBY CRAFTS, AND PROMOTE THE SAME. PRINCIPAL ACTIVITIES ARE: STEAM EDUCATION FOR YOUTH, ADULT EDUCATION, OPERATING A MAKERSPACE FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAKERSPACE: 2021 WAS A TRANSITIONAL YEAR FOR THE MAKERSPACE. THE MAKERSPACE WAS CLOSED IN JANUARY DUE TO COVID-19. IN MARCH, WE SIGNED A FIVE-YEAR LEASE ON A MUCH LARGER SPACE AND BEGAN PLANNING FOR THE MOVE AND FOR THE NECESSARY BUILDING MODIFICATIONS TO SUPPORT OUR PLANS FOR THE MAKERSPACE, AND THE FUNDRAISING TO SUPPORT BOTH. IN AUGUST, WE CLOSED FOR TWO WEEKS TO EXECUTE THE FINAL ELEMENTS OF THE MOVE, REOPENING AT THE BEGINNING OF SEPTEMBER. IN THE NEW SPACE, WE HAVE ROOM FOR ALL OUR EXISTING 3D PRINTERS, LASER CUTTERS, AND HOME AND INDUSTRIAL TEXTILE EQUIPMENT. WE HAVE EXPANDED OUR ELECTRONICS LAB AND COMPREHENSIVE WOODWORKING SHOP AND FINALLY HAVE ENOUGH SPACE TO BUILD OUT A PROPER METAL SHOP AND WELDING BAY. WE ALSO HAVE MORE STORAGE, ADDITIONAL CLASSROOMS, AND STUDIO/OFFICE SPACE FOR MEMBERS. AS OF THE END OF 2021, THE MODIFICATIONS TO THE INTERIOR SPACE WERE IN PROGRESS, BUT MUCH REMAINED TO BE COMPLETED. MAKER NEXUS MEMBERS PAY A MONTHLY OR ANNUAL FEE FOR ACCESS TO ALL THE MAKERSPACE TOOLS AND EQUIPMENT FOR THEIR OWN PROJECTS. OUR EXPERIENCED STAFF MAINTAINS THE MACHINES IN EXCELLENT WORKING ORDER AND ARE ALWAYS AVAILABLE TO LEND A HAND OR PROVIDE ADVICE ON HOW TO EFFECTIVELY USE A TOOL. AT THE BEGINNING OF 2021, MAKER NEXUS HAD 200 MEMBERS. DESPITE THE DISRUPTIONS OF COVID AND THE MOVE, THE MEMBERSHIP INCREASED TO 255 BY THE END OF 2021.
EDUCATION: MAKER NEXUS FULFILLS ITS EDUCATIONAL MISSION THROUGH FORMAL SKILL-BUILDING SESSIONS, INFORMAL LEARNING OPPORTUNITIES, AND STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, MATHEMATICS PLUS ARTS) ENRICHMENT PROGRAMS THAT EMPHASIZE INQUIRY AND PROBLEM-BASED LEARNING METHODS USED IN THE CREATIVE PROCESS. MAKER NEXUS OFFERED 44 DIFFERENT SKILL-BUILDING AND ENRICHMENT SESSIONS IN 2021. SESSIONS RANGED FROM INSTRUCTION ON BASIC OPERATIONS AND SAFETY FOR EQUIPMENT TO PROJECTS INVOLVING DESIGN AND PROTOTYPING. DESPITE THE DISRUPTIONS OF COVID AND THE MOVE TO THE NEW BUILDING, WE DELIVERED CLASSES WITH 842 TOTAL ENROLLMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regina Sakols Executive Director | Officer | 40 | $71,351 |
Cara Stoneburner Vice President | OfficerTrustee | 0.5 | $1,804 |
Craig Colvin President | OfficerTrustee | 15 | $0 |
Jesse Johnson Secretary | OfficerTrustee | 2 | $0 |
Barbara Clemmensen Treasurer | OfficerTrustee | 18 | $0 |
Don Landwirth Director | Trustee | 14 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $47,008 |
| All other contributions, gifts, grants, and similar amounts not included above | $412,862 |
| Noncash contributions included in lines 1a–1f | $82,630 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $459,870 |
| Total Program Service Revenue | $495,857 |
| Investment income | $15 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$234 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $955,508 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,900 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $71,351 |
| Compensation of current officers, directors, key employees. | $65,492 |
| Compensation to disqualified persons | $277,637 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,459 |
| Payroll taxes | $29,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,987 |
| Advertising and promotion | $2,772 |
| Office expenses | $51,243 |
| Information technology | $7,330 |
| Royalties | $0 |
| Occupancy | $231,897 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $164 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,192 |
| Insurance | $14,159 |
| All other expenses | $0 |
| Total functional expenses | $890,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,086 |
| Savings and temporary cash investments | $49 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $700 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,084 |
| Net Land, buildings, and equipment | $44,645 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $118,611 |
| Total assets | $417,175 |
| Accounts payable and accrued expenses | $30,043 |
| Grants payable | $0 |
| Deferred revenue | $9,318 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $3,933 |
| Other liabilities | $0 |
| Total liabilities | $43,294 |
| Net assets without donor restrictions | $371,706 |
| Net assets with donor restrictions | $2,175 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $417,175 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Maker Nexus has recieved totaling $131,078.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $79,400 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
Analog Devices Foundation Boston, MA PURPOSE: GENERAL SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $678 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Options For Youth - Acton Pasadena, CA | $9,356,089 | $27,087,942 |
Berggruen Institute Los Angeles, CA | $7,691,670 | $14,445,646 |
Vision Y Compromiso El Cerrito, CA | $5,188,501 | $11,619,190 |
The Broad Center Los Angeles, CA | $3,813,633 | $10,084,361 |
National Equity Project Oakland, CA | $16,206,654 | $13,208,887 |
Casas Comprehensive Adult Student Assessment Systems San Diego, CA | $7,496,351 | $8,078,168 |
Jobs For Nevadas Graduates Inc Las Vegas, NV | $2,371,026 | $5,045,525 |
Viva Physicians Inc Palm Springs, CA | $23,221,286 | $5,506,798 |
San Francisco Electrical Industry Apprenticeship And Training Trust San Francisco, CA | $24,618,240 | $4,990,979 |
San Diego Electrical Training Administrative Services Corporatio San Diego, CA | $236,215 | $3,424,350 |
Sustainable Economies Law Center Oakland, CA | $7,697,657 | $7,133,049 |
Oregon And Southern Idaho Laborers- Employers Training Tr Portland, OR | $12,918,228 | $3,291,567 |