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Makeit Labs Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 452258590 ✦ Nashua, NH ✦ Designated as a 501(c)(3)

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Overview

What is Makeit Labs Corp?

Makeit Labs Corp is a nonprofit organization situated in Nashua, New Hampshire, offering a versatile facility for like-minded individuals. The space includes various zones such as electronics and computer labs, wood and machine shops, a welding/fabrication shop, an automotive garage bay, rapid prototyping areas, classrooms, meeting spaces, a lounge, and a kitchen. The primary purpose of Makeit Labs Corp is to provide its members with essential tools, workspaces, and training, as well as consultation on external projects and opportunities for collaborative learning. This setup empowers individuals to achieve their personal goals by fostering a collaborative environment.


Official website here: www.makeitlabs.com

Is Makeit Labs Corp legitimate?

Makeit Labs Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Makeit Labs Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.makeitlabs.com

What is the mission statement of Makeit Labs Corp?

Makeit Labs Corp's mission revolves around supporting its members in achieving their individual goals. They provide essential resources such as tools, workspace, training, and classes. Additionally, they offer consultation services for external projects and facilitate collaborative learning opportunities. The organization's mission is fulfilled through a variety of distinct areas within their facility, including electronics and computer labs, wood shops, machine shops, welding/fabrication shops, an automotive garage bay, rapid prototyping areas, classrooms, meeting spaces, a lounge, and a kitchen. These areas allow like-minded individuals to collaborate on projects, socialize, and relax.


Official website here: www.makeitlabs.com

Who is the CEO of Makeit Labs Corp?

Peter Vatne is the President of Makeit Labs Corp.


Official website here: www.makeitlabs.com

What is the revenue of Makeit Labs Corp?

Makeit Labs Corp's revenue in 2022 was $263,383.


Official website here: www.makeitlabs.com

Who are the executives of Makeit Labs Corp and what are their salaries?

There 30 volunteers at Makeit Labs Corp.


Here are 7 key members and their salaries:


Bill Schongar (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Vatne (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Cote (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mordecai Veldt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathaniel Fairbanks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc Hebert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tyler Hayslett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.makeitlabs.com

Where can I find the form 990 for Makeit Labs Corp?

Makeit Labs Corp's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.makeitlabs.com

Learn more at the official website: www.makeitlabs.com

Mission Statement of Makeit Labs Corp

Makeit Labs Corp is dedicated to supporting its members in achieving their individual goals. This nonprofit organization provides its members with essential tools, a conducive workspace, comprehensive training, and classes. It also offers consultation services for external projects and encourages collaborative learning. By doing so, Makeit Labs Corp empowers its members to unlock their full potential.

The heart of Makeit Labs Corp lies in its extensive facilities, which cater to various interests and skills. Its electronics and computer lab, wood shop, machine shop, welding/fabrication shop, automotive garage bay, rapid prototyping areas, classrooms, meeting spaces, lounge, and kitchen offer a diverse range of resources. These facilities allow like-minded individuals to socialize, relax, and collaborate on projects, fostering a sense of community and shared learning.

In essence, Makeit Labs Corp serves as a supportive hub for individuals seeking to develop their skills, pursue their passions, and work on projects. By providing its members with a wealth of resources and opportunities for collaboration, it enables them to achieve their goals and grow both personally and professionally.

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Impact




October, 2024

Makeit Labs Corp has a significant impact on the local community by fostering innovation, collaboration, and personal development. By providing diverse tools and workspaces, members can engage in various projects ranging from electronics to woodworking and automotive repairs. The facility encourages hands-on learning through structured training and classes, catering to individuals with different skill levels and interests.

Members benefit from access to specialized areas, including electronics labs, machine shops, and rapid prototyping facilities, which enable them to explore their creative potential and turn ideas into reality. The collaborative environment promotes networking among like-minded individuals, facilitating knowledge sharing and mentorship opportunities.

Additionally, Makeit Labs Corps' focus on external project consultation and support enhances community engagement, allowing individuals to tackle real-world challenges and contribute positively to society. Overall, this organization plays a vital role in empowering individuals to achieve their goals while enriching the community's technological and creative landscape.




This information is meant to be a general summary of Makeit Labs Corp. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$263,383 (2022)
Expenses
$139,414 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,468
  • Program Service Revenue: $11,873
  • Gross Receipts: $263,383

Assets and Liabilities:

  • Total Assets: $697,381
  • Total Liabilities: $0
  • Net Assets: $697,381

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CLASSES AND PROGRAMS

Revenue

$8,505

VENDING

Revenue

$3,368

Organization Details

Founding Year

2011

Principal Officer

Peter Vatne

Main Address

25 CROWN ST, NASHUA, NH, 03060

NTEE Category

Code: U99 - Science research

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