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← SYNC SPACE ENTREPRENEUR CENTER

Form 990 for tax year 2024

Filed by SYNC SPACE ENTREPRENEUR CENTER.

Totals

Total revenue
$456,808
Total expenses
$495,853
Contributions and grants received
$456,808
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$182,863
Total liabilities, end of year
$51,038
Net assets or fund balances, end of year
$131,825
Program services expenses (Part IX)
$445,681
Management and general expenses
$50,172
Fundraising expenses
$0
Program service expenses (Part III)
$445,681

Program services were 89.9% 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

    $415,190

  • 1e · Government grants (contributions)

    $31,907

  • 1f · All other contributions, gifts and grants

    $9,711

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 $90,242 · program services $90,242

  • 10 · Payroll taxes

    total $16,451 · program services $16,451

  • 11b · Fees: legal

    total $5,375 · management and general $5,375

  • 12 · Advertising and promotion

    total $2,142 · management and general $2,142

  • 16 · Occupancy

    total $100 · management and general $100

  • 17 · Travel

    total $17,680 · program services $17,680

  • 20 · Interest

    total $3,695 · program services $3,695

  • 23 · Insurance

    total $24,444 · program services $24,444

  • 24a · Other expenses: PROGRAM CONTRACTS

    total $111,853 · program services $111,853

  • 24b · Other expenses: CONSULTING

    total $40,000 · management and general $40,000

  • 24c · Other expenses: GRANTS & AWARDS

    total $26,121 · program services $26,121

  • 24d · Other expenses: PROGRAM SUPPLIES

    total $19,895 · program services $19,895

  • 24e · All other expenses

    total $13,055 · program services $10,500 · management and general $2,555

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $117,520 · end of year $106,155

  • 3 · Pledges and grants receivable

    beginning of year $99,059 · end of year $76,208

  • 12 · Investments: other securities

    beginning of year $500 · end of year $500

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,750 · end of year $1,472

  • 23 · Secured mortgages and notes payable

    beginning of year $40,459 · end of year $49,566

  • 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 $170,870 · end of year $131,825

Mission and programs · 2024

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 $445,681

As filed on the 2024 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
2024
Filed
18 July 2025
IRS schema version
2024v5.2
Source object
202522099349300622

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