Make-It Springfield Inc
- Assets
- $378.6k
- Revenue
- $303.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Springfield, MA
- Founding
- 02/2019
- Data as of
- 12/2021
- EIN
- 82-4633337
Organization Overview
Make-It Springfield Inc is located in Springfield, MA. The organization was established in 2019. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2021, Make-It Springfield Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Make-It Springfield Inc 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, Make-It Springfield Inc generated $303.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $185.5k 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SPACE FOR LOCAL MAKERS TO PROVIDE OPPORTUNITIES FOR STEM WORKSHOPS AND CLASSES TO PILOT AND LAUNCH BUSINESSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Dipasquale President | OfficerTrustee | 5 | $0 |
Laura Masulis Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $540 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,547 |
| All other contributions, gifts, grants, and similar amounts not included above | $288,888 |
| Noncash contributions included in lines 1a–1f | $3,900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $301,975 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $600 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $303,512 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $44,437 |
| Compensation of current officers, directors, key employees. | $7,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,940 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,482 |
| Fees for services: Accounting | $9,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,130 |
| Office expenses | $6,020 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,794 |
| Travel | $182 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $915 |
| All other expenses | $16,614 |
| Total functional expenses | $185,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $349,670 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $407 |
| 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 | $0 |
| Net Land, buildings, and equipment | $28,562 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $378,639 |
| Accounts payable and accrued expenses | $9,961 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,961 |
| Net assets without donor restrictions | $134,717 |
| Net assets with donor restrictions | $233,961 |
| 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 | $378,639 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Make-It Springfield Inc has recieved totaling $293,262.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $95,710 |
Massmutual Foundation Inc Springfield, MA PURPOSE: EXEMPT PURPOSE | $80,000 |
Beveridge Family Foundation Inc West Newbury, MA PURPOSE: PHASE 1 RENOVATION OF FIRST AND SECOND FLOORS NEW SPACE AT 286 BRIDGE ST | $50,000 |
Amelia Peabody Foundation Wellesley, MA PURPOSE: OPERATIONS | $30,000 |
Community Foundation Of Western Massachusetts Springfield, MA PURPOSE: HUMAN SERVICES | $25,000 |
Economic Development Council Of Western Massachusetts Inc Springfield, MA PURPOSE: TO PROVIDE ECONOMIC SUPPORT. | $12,547 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harc Inc Hartford, CT | $9,020,938 | $21,432,465 |
Community Action Programs Inter-City Inc Chelsea, MA | $5,352,397 | $12,740,283 |
North Shore Community Action Programs Inc Peabody, MA | $2,572,434 | $10,364,701 |
Bridgeport Rescue Mission Inc Bridgeport, CT | $13,115,904 | $7,507,161 |
Community Action Agency Of Somerville Inc Somerville, MA | $3,713,517 | $6,600,399 |
Family Center Inc Brooklyn, NY | $5,076,025 | $6,630,119 |
Child Health And Development Institute Of Connecticut Inc Farmington, CT | $14,669,719 | $19,966,539 |
Marys Meadow At Providence Place Inc Holyoke, MA | $7,290,034 | $5,907,065 |
Nashua Center Nashua, NH | $2,054,563 | $6,528,352 |
Community Action Program For Madison County Inc Morrisville, NY | $2,954,895 | $4,819,285 |
American Corporate Partners New York, NY | $9,248,208 | $6,198,246 |
Womens Lunch Place Inc Boston, MA | $7,446,341 | $6,100,392 |