Form 990 for tax year 2023
Filed by SYNC SPACE ENTREPRENEUR CENTER.
Totals
- Total revenue
- $641,438
- Total expenses
- $565,429
- Contributions and grants received
- $641,438
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $217,079
- Total liabilities, end of year
- $46,209
- Net assets or fund balances, end of year
- $170,870
- Program services expenses (Part IX)
- $497,151
- Management and general expenses
- $68,278
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $497,151
Program services were 87.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$572,220
-
1e · Government grants (contributions)
$69,218
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $124,800 · program services $124,800
-
7 · Other salaries and wages
total $112,877 · program services $112,877
-
10 · Payroll taxes
total $18,108 · program services $18,108
-
11b · Fees: legal
total $4,783 · management and general $4,783
-
12 · Advertising and promotion
total $3,918 · management and general $3,918
-
13 · Office expenses
total $12,203 · management and general $12,203
-
16 · Occupancy
total $1,774 · management and general $1,774
-
17 · Travel
total $18,872 · program services $18,872
-
20 · Interest
total $1,578 · program services $1,578
-
23 · Insurance
total $1,101 · program services $1,101
-
24a · Other expenses: PROGRAM CONTRACTS
total $126,187 · program services $126,187
-
24b · Other expenses: CONSULTING
total $45,600 · management and general $45,600
-
24c · Other expenses: SPONSORSHIP
total $43,531 · program services $43,531
-
24d · Other expenses: CONTRACTORS
total $28,796 · program services $28,796
-
24e · All other expenses
total $21,301 · program services $21,301
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $88,186 · end of year $117,520
-
3 · Pledges and grants receivable
beginning of year $25,000 · end of year $99,059
-
12 · Investments: other securities
end of year $500
-
17 · Accounts payable and accrued expenses
end of year $5,750
-
18 · Grants payable
beginning of year $18,250
-
23 · Secured mortgages and notes payable
end of year $40,459
-
25 · Other liabilities
beginning of year $75 · end of year $0
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $170,870
Mission and programs · 2023
Mission
NONE
Activities or mission (Part I)
SYNC SPACE IS AN ENTREPRENEUR CENTER WITH ACCELERATOR PROGRAMS THAT UNIQUELY FOCUS ON THE SUPPORT OF LOCAL AND RECRUITED STARTUPS THAT ARE CONSIDERING NORTHEAST TN AS A PLACE TO GROW OR EXPAND THEIR BUSINESS
-
SEE SECHEDULE O
Expenses $497,151
As filed on the 2023 return.
Listed in Part VII
-
HEATH GUINN
PRESIDENT, ED
- Total calculated
- $124,800
- From this org
- $124,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
PAT SHULL
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
RICHARD VENABLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
JOHN CAMPBELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MORRIS BAKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
TODD FOWLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
DWIGHT KING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
JOHN ROSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
LOGAN MCCABE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412569349300326
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