NonprofitsMhub

Community Improvement & Capacity Building

Mhub

CHICAGO, IL

Total revenue

$9.6M

Total expenses

$10.9M

Net assets

$7.9M

Grants received

$3.6M

31 grants

EIN

463388438

Tax year

2024

Mission

Mhub is the nation's largest and fastest growing innovation center for hardtech and manufacturing. Mhub is a community of product designers, developers, entrepreneurs, engineers, and manufacturers taking breakthrough products to market.

Programs

3 programs

Innovation center: a shared workspace community, within mhub, of product designers, developers, entreneurs, engineers and manufacturers who create breakthrough products in robotics, connected devices, sensors, energy tech, unmanned vehicles and other cutting-edge innovations by providing the right resources, mentorship, and access to manufacturing industry insiders. Mhub helps early-stage innoations go from prototype to product to sustainable business, driving a greater likelihood of success. Mhub's state-of-the-art 63,000 square foot facility features 10 unique fabrication centers to make the product development cycle as efficient/seamless as possible. Mhub provides resources for product design and rapid prototyping including a 3d printing lab, electronics labs, metal shop and more.

Expenses: $2.3M

Mhub accelerator: mhub's accelerator program is a six-month program that pairs 8 - 10 demand-driven physical product startups from across the country with corporate leaders and investors for an intensive accelerator program including product development and prototyping, mentorship, business curriculum, and piloting. The startups will focus on technology challenge areas defined by mhub partners in each of the sector-specific programs. To help bridge the gap to market, participating partner engineers and business development leaders will provide guidance to the startups, who will retain access to mhub resources, partners and mentors for up to two years.

Expenses: $1.2M

Catalyze initiative: mhub's catalyze initiative promotes wealth creation for a broader set of founders through a series of targeted programs and partnerships. By supporting entrepreneurs in the early stages of product development, catalyze sees the evolution of an idea from proof of concept to commercialization. Programs include granted partnerships with community-based business development organizations, the mpower pre-accelerator program for idea-stage startup founders, the landis family hardtech development fellowship for product engineers and founders, and grants for later stage r&d and product development.

Expenses: $674K

Financials

FY 2024

Revenue

Contributions & grants$2.8M
Program service revenue$6.3M
Investment income$283K
Other revenue$290K
Total revenue$9.6M

Expenses

Grants paid
Salaries & benefits$4.0M
Fundraising$1.2M
Other expenses$6.8M
Total expenses$10.9M
Total assets$49.5M
Net assets$7.9M

People

35 listed

NameRoleCompensation

HAVEN ALLEN

CHIEF EXECUTIVE OFFICER & PRESIDENT

Board

$519K

40 hrs/wk

MANAS MEHANDRU

CHIEF OPERATING OFFICER & TREASURER

Board

$362K

49 hrs/wk

MELISSA LEDERER

CHIEF EXPERIENCE OFFICER & SECRETARY

Board

$291K

45 hrs/wk

WILLIAM FIENUP

VP OF INNOVATION SERVICES & VICE PRESIDENT

Board

$178K

40 hrs/wk

TRAVIS HUNTER

BOARD DIRECTOR

Board

0.2 hrs/wk

MARK KARASEK

BOARD DIRECTOR

Board

0.2 hrs/wk

STEVEN KASE

BOARD DIRECTOR

Board

0.2 hrs/wk

KAREN KERR

BOARD DIRECTOR

Board

0.2 hrs/wk

STEVE KOCH

BOARD DIRECTOR

Board

0.2 hrs/wk

JEFF MALEHORN

BOARD DIRECTOR

Board

0.2 hrs/wk

JEFFREY MARGOLIS

BOARD DIRECTOR

Board

0.2 hrs/wk

DON MCNEILL

BOARD DIRECTOR

Board

0.2 hrs/wk

MEREDITH O'CONNOR

CHAIRPERSON

Board

0.2 hrs/wk

COREY RYAN

BOARD DIRECTOR

Board

0.2 hrs/wk

THOMAS SIMEONE

BOARD DIRECTOR

Board

0.2 hrs/wk

NICOLE STEVENSON

BOARD DIRECTOR

Board

0.2 hrs/wk

JESSICA STRAUSBAUGH

BOARD DIRECTOR

Board

0.2 hrs/wk

NANCY SULLIVAN

BOARD DIRECTOR

Board

0.2 hrs/wk

BOB WEISSBOURD

BOARD DIRECTOR

Board

0.2 hrs/wk

GARTH WALKER

BOARD DIRECTOR

Board

0.2 hrs/wk

NICOLE WOLTER

BOARD DIRECTOR

Board

0.2 hrs/wk

SHELLI NELSON

BOARD DIRECTOR

Board

0.2 hrs/wk

KEVIN WILLER

BOARD DIRECTOR

Board

0.2 hrs/wk

LAURA FERRIS ANDERSON

BOARD DIRECTOR

Board

0.2 hrs/wk

JACOB BABCOCK

BOARD DIRECTOR

Board

0.2 hrs/wk

JIAN CAO

BOARD DIRECTOR

Board

0.2 hrs/wk

MEGAN CLIFFORD

BOARD DIRECTOR

Board

0.2 hrs/wk

EDWARD COLEMAN

BOARD DIRECTOR

Board

0.2 hrs/wk

MICHON ELLIS

BOARD DIRECTOR

Board

0.2 hrs/wk

ERIN GUTHRIE

BOARD DIRECTOR

Board

0.2 hrs/wk

THIERRY VAN LANDEGEM

EXECUTIVE DIRECTOR

Staff

$185K

40 hrs/wk

ALLISON WINSTEL

CHIEF OF STAFF

Staff

$157K

40 hrs/wk

KIMBERLY BLOMQUIST

SENIOR DIRECTOR OR MARKETING AND COMMUNICATIONS

Staff

$135K

40 hrs/wk

SHANNON MCGHEE

VP OF PROGRAMS AND ENGAGEMENT

Staff

$131K

40 hrs/wk

ELIZABETH ANDREWS

DIRECTOR OF STRATEGIC PARTNERSHIPS

Staff

$121K

40 hrs/wk

Independent contractors

RAINBOW CLEANING SPECIALIST INC

JANITORIAL SERVICES

$189K

ZLEVOR DESIGN LLC

PRODUCT DEVELOPMENT CONTRACTOR

$171K

MP CONSULTING LLC

PRODUCT DEVELOPMENT CONTRACTOR

$139K

BYTE WORD LLC

PRODUCT DEVELOPMENT CONTRACTOR

$120K

SKATE KASTLE LLC

PRODUCT DEVELOPMENT CONTRACTOR

$113K

Grants received

Showing 31 of 31

FromAmountPurposeYear
$300K
CLIMATE HARDTECH DEVELOPMENT
2024
$60K
GENERAL SUPPORT
2024
$57K
CHARITABLE PURPOSE
2024
$13K
SUPPORT THE CATALYZE
2024
$250K
TECHNOLOGY AND INNOVATION
2023
$150K
EMPLOYMENT ASSISTANCE
2023
$56K
CHARITABLE PURPOSE
2023
$50K
PROGRAM/OPERATING SUPPORT
2023
$50K
GENERAL SUPPORT
2023
$13K
SUPPORT THE CATALYZE
2023
$10K
For grant recipient's exempt purposes
2023
$5K
EDUCATIONAL PROGRAMS
2023
$1K
DISCRETIONARY USE BY RECEIVING ORGANIZATION
2023
$50K
MPOWER PROGRAM
2022
$50K
PROGRAM/OPERATING SUPPORT
2022
$10K
DISCRETIONARY USE BY RECEIVING ORGANIZATION
2022
$350K
In support of the launch of mHubs Catalyze Initiative by funding deep partnerships in communities of color and ongoing Support for the entrepreneurs that come from these communities.
2021
$350K
In support of the launch of mHubs Catalyze Initiative by funding deep partnerships in communities of color and ongoing Support for the entrepreneurs that come from these communities.
2021
$20K
mHUB Female Innovator Program
2021
$10K
DISCRETIONARY USE BY RECEIVING ORGANIZATION
2021
$300K
to fund the Phase I activities of the chicago proactive response - covid-19 initiative, 1871, and matter
2020
$40K
CHARITABLE PURPOSE
2020
$5K
DISCRETIONARY USE BY RECEIVING ORGANIZATION
2020
$1M
TO SUPPORT FOR THE CHICAGO PROACTIVE RESPONSE: COVID-19
2019
$75K
PROGRAM/OPERATING SUPPORT
2018
$20K
DISCRETIONARY USE BY RECEIVING ORGANIZATION
2018

Funded by

$3.6M from 15 funders · 31 grants · 2017–2024

The Chicago Community Trust

$1.7M · 3 grants · 2019–2021

The Bank of America Charitable Foundation Inc

$425K · 5 grants · 2018–2023

Walder Foundation

$300K · 1 grant · 2020

Seattle Foundation

$300K · 1 grant · 2024

New Venture Fund

$250K · 1 grant · 2023

The Christopher Family Foundation

$180K · 4 grants · 2021–2024

Segal Family Foundation Inc

$153K · 3 grants · 2020–2024

Joint-County Opportunity Benefit

$150K · 1 grant · 2023

Details

EIN463388438
NTEE codeS30
Subsection03
Ruling date2014-08
Formed2013
Employees41
Volunteers0
MHUB — Mission, Financials & Grants Received | Grantivo