MAKESPACE FOUNDATION

EIN: 852386586 501(c)(3)

SAN FRANCISCO, CA

Total Revenue
$310,210
Total Expenses
$12,500
Total Assets
$297,710
Net Assets
$297,710
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
CA
Principal Officer
TZE-WEI HSU
Phone
5106711748
Tax Period
2020-07-31 to 2020-12-31

MAKESPACE FOUNDATION, founded in 2020, is a small nonprofit that reported $310K in total revenue in fiscal year 2020. The organization ran a surplus of $298K, a strong 96% operating margin.

Mission

OUR MISSION IS TO BUILD COLLECTIVE CAPACITY, CULTURE, AND COMMUNITY TO CO-CREATE A SAFE, JOYFUL, NEW DIGITAL INFRASTRUCTURE THAT PROVIDES LONG-TERM BENEFIT TO ALL PEOPLE. WE ARE A HOME AND HARBOR FOR THOSE WHO SEE WHAT'S BROKEN AND LONG TO CREATE NEW POSSIBILITIES FOR A BRIGHTER DIGITAL FUTURE, TOGETHER.

Program Service Accomplishments

Program 1
Expenses: $12,500

WE WERE FOUNDED TO COUNTER THE PREVALENT PRACTICE OF SOFTWARE ARCHITECTED TO UNILATERALLY CLAIM PRIVATE HUMAN EXPERIENCE AS FREE RAW MATERIAL FOR TRANSLATION INTO BEHAVIORAL DATA, WITH OUR PERSONAL...

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WE WERE FOUNDED TO COUNTER THE PREVALENT PRACTICE OF SOFTWARE ARCHITECTED TO UNILATERALLY CLAIM PRIVATE HUMAN EXPERIENCE AS FREE RAW MATERIAL FOR TRANSLATION INTO BEHAVIORAL DATA, WITH OUR PERSONAL AND GROUP PSYCHOLOGIES EXPLOITED FOR PROFIT.WE'RE TACKLING THIS AT THREE LEVELS.FIRST, WE'RE CREATING AN EXEMPLAR COLLABORATIVE PLATFORM, WHICH HAS ALREADY BLOWN OPEN THE COLLECTIVE IMAGINATION OF WHAT'S POSSIBLE FOR ONLINE DIGITAL INTERACTION. MOST MODERN OPERATING SYSTEMS ARE STILL DESIGNED FOR THE 20TH CENTURY WITH SOLO, ISOLATED USERS BY CONTRAST, MAKESPACE IS A COLLABORATIVE OPERATING SYSTEM, DESIGNED FROM THE GROUND UP TO FIT THE ERGONOMICS OF INDIVIDUAL THOUGHT, COOPERATING GROUPS, AND DIVERSE COMMUNITIES.SECOND, WE'RE DESIGNING OUR ORGANIZATION IN A WAY THAT ALIGNS OUR INCENTIVES TO ENSURE OUR SPACES REMAIN SAFE, ETHICAL, INCLUSIVE, AND BENEFICIAL TO PEOPLE FOR YEARS TO COME. WE'RE BUILDING, MEASURING, AND BECOMING FINANCIALLY SUSTAINABLE WITHOUT COLLECTING AND SELLING YOUR DATA FOR PROFIT. WE'RE PART OF THE GROWING MOVEMENT OF FOUNDERS LOOKING TO CREATE A LONG-TERM ASSET THAT BENEFITS THEIR COMMUNITIES CO-OWNED, CO-GOVERNED, AND ACCOUNTABLE.THIRD, WE'RE SHARING THE METHODS AND MATERIALS WE'RE USING ALONG THE WAY, MAKING SPACES FOR OTHERS TO SHARE THEIRS TOO, AND EVENTUALLY, THE MEANS FOR MORE CREATORS TO START THEIR OWN EFFORTS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $310,210
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $310,210

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $12,500
Other Expenses $12,500
TOTAL EXPENSES $12,500

Year-over-Year Comparison

2020 2019 Change
Revenue $310,210 N/A N/A
Expenses $12,500 N/A N/A
Net Income $297,710 N/A N/A
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAY-LI KHOE CEO 1.00
Officer
$0 $0 $0
AZA RASKIN SECRETARY 1.00
Officer
$0 $0 $0
TZE-WEI HSU CFO 1.00
Officer
$0 $0 $0
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
2020 $310,210 $12,500 $297,710 $297,710
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