MCEIVR INC

EIN: 811458039 501(c)(3) Education

HARTFORD, CT

Total Revenue
$1,421,990
Total Expenses
$1,340,071
Total Assets
$3,062,661
Net Assets
$1,635,956
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
CT
Principal Officer
DEVRA SISITSKY
Phone
8608335465
Tax Period
2023-01-01 to 2023-12-31

MCEIVR INC, founded in 2016, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Expenses of $1.3M left a modest 6% surplus.

Mission

MCEIVR, INC. DBA MAKERSPACECT'S MISSION IS TO POSITIVELY IMPACT LIVES BY ENABLING ACCESS, INNOVATION, AND EDUCATION. MCEIVR, INC. IS DEDICATED TO PROVIDING TECHNICAL EDUCATION TO THE UNDERSERVED, UNDEREMPLOYED, AND RESIDENTS OF CT. FULL SCHOLARSHIPS FUNDED BY GRANTS ENABLE ACCESS BY LOCAL RESIDENTS. THESE TECHNICAL SKILLS ARE OFFERED FOR THE PURPOSE OF JOB ACQUISITION, JOB ENHANCEMENT, ENCOURAGING ENTREPRENEURSHIP AND SUPPORTING INNOVATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,273,868
Program Service Revenue $109,625
Investment Income $21,952
Other Revenue $16,545
TOTAL REVENUE $1,421,990

Expense Breakdown

Grants Paid $0
Salaries & Benefits $682,390
Fundraising Expenses $67,479
Program Expenses $1,001,633
Other Expenses $657,681
TOTAL EXPENSES $1,340,071

Year-over-Year Comparison

2023 2022 Change
Revenue $1,421,990 $1,340,066 +0.1%
Expenses $1,340,071 $1,280,197 +0.0%
Net Income $81,919 $59,869 +0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
32
Volunteers
40

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$193,005
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REBECCA NOLAN BOARD MEMBER 2.00
Director
$0 $0 $0
BEATRIZ GUTIERREZ BOARD MEMBER 2.00
Director
$0 $0 $0
DAVE CHRISTENSEN CO-CHAIR 5.00
Officer Director
$0 $0 $0
DAVID HOLNESS BOARD MEMBER 2.00
Director
$0 $0 $0
MARK SUMMERS TREASURER 5.00
Officer Director
$0 $0 $0
SUSAN DANTINO SECRETARY 5.00
Officer Director
$0 $0 $0
JASON NEWMAN DIRECTOR 2.00
Director
$0 $0 $0
SRINIVAS RAO DIRECTOR 2.00
Director
$0 $0 $0
PRINCESS HYATT CO-CHAIR 5.00
Officer Director
$0 $0 $0
MICHAEL STIMSON DIRECTOR 2.00
Director
$0 $0 $0
WADE JUBREY DIRECTOR 2.00
Director
$0 $0 $0
MAURA RUCKER DIRECTOR 2.00
Director
$0 $0 $0
DEVRA SISITSKY EXECUTIVE DIRECTOR 40.00
Officer
$178,863 $14,142 $193,005
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,421,990 $1,340,071 $3,062,661 $81,919
2022 $1,340,066 $1,280,197 $3,428,841 $59,869
2021 $1,059,567 $1,449,315 $2,357,393 $-389,748
2020 $1,024,259 $1,187,192 $2,737,005 $-162,933
2019 $1,434,380 $1,066,842 $2,418,103 $367,538
2018 $1,446,334 $335,221 $1,792,317 $1,111,113
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