Overview
What is Staunton Makerspace Inc?
Staunton Makerspace Inc, situated at 20 S Jefferson Street, Staunton, VA 24401, is a nonprofit organization devoted to providing art and STEM education to the public in Virginia, specifically Staunton and its surrounding communities. This organization's mission involves fostering individual creativity and skill development by educating people on the use of digital fabrication tools and techniques. They offer membership dues and programming, as well as supplies for workshops, ensuring that the general public has access to these resources. Staunton Makerspace Inc serves as a platform for individuals to learn, innovate, and grow in a supportive and educational environment.
Official website here: www.stauntonmakerspace.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star Rating)
Staunton Makerspace Inc has achieved a solid Three-Star rating from Charity Navigator, reflecting its strong accountability and financial health. The organization scored 86% in their Accountability & Finance metrics, which suggests that they effectively manage their resources and maintain transparency in their operations. The rating is derived entirely from this specific area, highlighting the importance of fiscal responsibility within the nonprofit sector.
Among the strengths noted, Staunton Makerspace Inc boasts a fully independent board with five members, demonstrating a commitment to governance and oversight. Additionally, the organization has no material diversion of assets, which signals prudent financial management. The program expense ratio is also commendable at 87.41%, indicating a focus on delivering services rather than excessive administrative costs.
However, there are some areas for improvement. The organization lacks a whistleblower policy and a document retention and destruction policy, which are critical components of accountability practices. Addressing these gaps could enhance their overall governance and provide greater reassurance to stakeholders regarding their operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Staunton Makerspace Inc legitimate?
Staunton Makerspace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Staunton Makerspace Inc 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.
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Official website here: www.stauntonmakerspace.com
What is the mission statement of Staunton Makerspace Inc?
Staunton Makerspace Inc's mission is centered around providing art and STEM education to the general public in Virginia, specifically in Staunton and its surrounding communities. The organization strives to foster individual creativity and skill development by offering education in the use of digital fabrication tools and techniques. Through their activities, they aim to empower individuals by providing them with the necessary knowledge and resources to explore their creative potential. Staunton Makerspace Inc's programming and membership dues also offer access to supplies for workshops, further supporting their mission of promoting learning and creativity.
Official website here: www.stauntonmakerspace.com
Who is the CEO of Staunton Makerspace Inc?
Charles A Herron is the President of Staunton Makerspace Inc.
Official website here: www.stauntonmakerspace.com
What is the revenue of Staunton Makerspace Inc?
Staunton Makerspace Inc's revenue in 2022 was $60,099.
Official website here: www.stauntonmakerspace.com
Who are the executives of Staunton Makerspace Inc and what are their salaries?
Here are 10 key members and their salaries:
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Official website here: www.stauntonmakerspace.com
Where can I find the form 990 for Staunton Makerspace Inc?
Staunton Makerspace Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stauntonmakerspace.com
Learn more at the official website: www.stauntonmakerspace.com
Mission Statement of Staunton Makerspace Inc
Staunton Makerspace Inc is dedicated to providing art and STEM education to the general public in Virginia, specifically in Staunton and its surrounding communities. This nonprofit organization fosters individual creativity and skill development by offering education in the use of digital fabrication tools and techniques. By providing membership dues and programming, as well as supplying materials for workshops, Staunton Makerspace Inc encourages individuals to explore their creative potential and hone their abilities in various fields. Through its educational offerings, the organization empowers individuals to apply digital fabrication techniques to a wide range of projects, ultimately promoting innovation and self-expression.
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Impact
August, 2024
Staunton Makerspace Inc's impact is notable in providing art and STEM education to the general public in Virginia, specifically in Staunton and surrounding communities. Through their membership dues and programming, they offer opportunities for individuals to engage in creative endeavors and skill development using digital fabrication tools and techniques. By fostering a learning environment that encourages creativity and hands-on learning, Staunton Makerspace Inc plays a crucial role in expanding educational opportunities in the region.
This information is meant to be a general summary of Staunton Makerspace Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $71
- Program Service Revenue: $2,705
- Gross Receipts: $60,099
Assets and Liabilities:
- Total Assets: $378,050
- Total Liabilities: $36,600
- Net Assets: $341,450
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EQUIP SALE/SERVICE FEES
Revenue
$350
STUDIO STORAGE RENTALS
Revenue
$2,355
Organization Details
Founding Year
2018
Principal Officer
Charles A Herron
Main Address
20 S JEFFERSON STREET, STAUNTON, VA, 24401
Website
www.stauntonmakerspace.comNTEE Category
Code: B99 - Education
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