Nonprofit · EIN 45-2258590
MAKEIT LABS
Tax-exempt (reinstated) · NASHUA, NH 03060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $339,800 | $262,349 | $77,451 | $856,260 | $0 | $856,260 |
| December 31, 2023 | 990 | $266,486 | $185,058 | $81,428 | $778,809 | $0 | $778,809 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $308,486
- Membership dues
- $213,078
- Program service revenue
- $21,996
- Investment income
- $7,818
- Other revenue
- $1,500
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $8,775
- Occupancy
- $89,914
- Depreciation
- $65,818
- Program services (functional)
- $238,450
- Management and general (functional)
- $23,899
Balance sheet and other
- Total assets, start of year
- $778,809
- Total assets, end of year
- $856,260
- Total liabilities, end of year
- $0
- Net assets, end of year
- $856,260
- Land, buildings and equipment
- $266,442
- Net assets without donor restrictions
- $856,260
- Gross receipts
- $339,800
- Employees
- 0
- Volunteers
- 50
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENNIFER COTE | SECRETARY Trustee or director, Officer | 10 | $0 |
| NATHANIEL FAIRBANKS | DIRECTOR Trustee or director | 10 | $0 |
| TYLER HAYSLETT | DIRECTOR Trustee or director | 10 | $0 |
| MARC HEBERT | DIRECTOR Trustee or director | 10 | $0 |
| BILL SCHONGAR | PRESIDENT Trustee or director, Officer | 10 | $0 |
| PETER VATNE | TREASURER Trustee or director, Officer | 15 | $0 |
| MORDECAI VELDT | DIRECTOR Trustee or director | 10 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BILL SCHONGAR | PRESIDENT Trustee or director, Officer | 10 | $0 |
| PETER VATNE | TREASURER Trustee or director, Officer | 15 | $0 |
| JENNIFER COTE | DIRECTOR Trustee or director | 10 | $0 |
| MORDECAI VELDT | DIRECTOR Trustee or director | 10 | $0 |
| NATHANIEL FAIRBANKS | DIRECTOR Trustee or director | 10 | $0 |
| MARC HEBERT | DIRECTOR Trustee or director | 10 | $0 |
| TYLER HAYSLETT | DIRECTOR Trustee or director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 25 CROWN ST, NASHUA, NH 03060-6340
- In care of
- % ADAM SHREY
- Principal officer (990 for 2024)
- PETER VATNE, 16 ROYAL CREST DR APT 8, NASHUA, NH 03060
- Signed the 990
- PETER VATNE, TREASURER
- Phone
- (603) 487-6218
- Website
- WWW.MAKEITLAB.COM
- Return prepared by
- HOUDE & COMPANY PROF ASSN
Mission
PROVIDING MEMBERS WITH TOOLS, WORKSPACE, TRAINING, AND CLASSES, AS WELL AS CONSULTATION ON EXTERNAL PROJECTS AND COLLABORATIVE LEARNING IN ORDER TO ACHIEVE INDIVIDUAL GOALS.
Program accomplishments
- OUR FACILITY ALLOWS LIKE-MINDED INDIVIDUALS TO SOCIALIZE AND RELAX IN THE LOUNGE OR COLLABORATE ON A PROJECT AT ONE OF OUR WORKSTATIONS. OUR FACILITY IS DIVIDED INTO MANY DISTINCT AREAS SUCH AS THE ELECTRONICS AND COMPUTER LAB, WOOD SHOP, MACHINE SHOP, WELDING/FABRICATION SHOP, AUTOMOTIVE GARAGE BAY, RAPID PROTOTYPING AREAS, CLASSROOMS, MEETING SPACES, LOUNGE, AND KITCHEN.Expenses $238,450
- OUR FACILITY ALLOWS LIKE-MINDED INDIVIDUALS TO SOCIALIZE AND RELAX IN THE LOUNGE OR COLLABORATE ON A PROJECT AT ONE OF OUR WORKSTATIONS. OUR FACILITY IS DIVIDED INTO MANY DISTINCT AREAS SUCH AS THE ELECTRONICS AND COMPUTER LAB, WOOD SHOP, MACHINE SHOP, WELDING/FABRICATION SHOP, AUTOMOTIVE GARAGE BAY, RAPID PROTOTYPING AREAS, CLASSROOMS, MEETING SPACES, LOUNGE, AND KITCHEN.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-2258590
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U99)
- Assets (IRS master file)
- $856,260
- Income (IRS master file)
- $339,800
Revocation and reinstatement
- Exemption revoked
- May 15, 2014
- Posted by the IRS
- February 21, 2015
- Reinstated
- Effective January 15, 2015
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $339,800 | $262,349 | $856,260 | IRS |
| 990 | December 2023 | $266,486 | $185,058 | $778,809 | XML |
| 990 | December 2022 | $263,383 | $139,414 | $697,381 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-2258590).
Questions about MAKEIT LABS
- What is the EIN of MAKEIT LABS?
- The employer identification number (EIN) of MAKEIT LABS is 45-2258590.
- Is MAKEIT LABS tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2014 and reinstated it effective January 15, 2015.
- Are donations to MAKEIT LABS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAKEIT LABS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MAKEIT LABS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAKEIT LABS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MAKEIT LABS?
- The 990 for the year ended December 31, 2024 names PETER VATNE.
- Who are the officers and directors of MAKEIT LABS?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does MAKEIT LABS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $339,800, expenses of $262,349 and total assets of $856,260 at year end.
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