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Mhub

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 463388438 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

Overview

What is Mhub?

Mhub, with its headquarters in Chicago, Illinois, is a dynamic innovation center primarily focused on hardtech and manufacturing. With a mission to foster collaboration and accelerate the commercialization of innovative ideas, Mhub serves as a hub for product designers, developers, entrepreneurs, engineers, and manufacturers. Their goal is to enable U.S. hardtech innovation by providing an accessible, highly-resourced environment, supporting clean energy, health, sustainability, and manufacturing entrepreneurship. By connecting talented individuals and startups with established manufacturers and industry leaders, Mhub assists in bringing breakthrough products to market, thus playing a crucial role in the hardtech development sector. Their team comprises 39 dedicated professionals.


Official website here: www.mhubchicago.com

Is Mhub legitimate?

Mhub is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mhub submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,021,242
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,009,301

For more financial information, click here


Official website here: www.mhubchicago.com

What is the mission statement of Mhub?

Mhub, known as the nation's largest and fastest-growing innovation center for hardtech and manufacturing, is committed to fostering U.S. hardtech innovation and commercialization. They achieve this by promoting collaboration and offering a highly-resourced environment. This environment is designed to develop, fund, and accelerate clean energy, health, sustainability, and manufacturing entrepreneurship. Mhub's Hardtech Development Services, previously known as Mhub Product Development, expedite product development by linking innovative entrepreneurs and startups with established manufacturers and industry leaders.


Official website here: www.mhubchicago.com

Who is the CEO of Mhub?

Haven Allen is the Chairman of Mhub.


Official website here: www.mhubchicago.com

What is the revenue of Mhub?

Mhub's revenue in 2022 was $9,116,950.


Official website here: www.mhubchicago.com

Who are the executives of Mhub and what are their salaries?

The average compensation at Mhub during 2022 was $77,706. There are 39 employees at Mhub.

Here are 34 key members and their salaries:

    Haven Allen (Cheif Executive Officer, Co-Founder, President)
  • Compensation: $327,565
  • Related: $0
  • Other: $20,692

    • Melissa Lederer (Chief Experience Officer & Secretary)
  • Compensation: $249,182
  • Related: $0
  • Other: $14,742

    • Manas Mehandru (Chief Operating Offcier & Treasurer)
  • Compensation: $250,304
  • Related: $0
  • Other: $10,301

    • Thierry Van Landegem (Executive Director)
  • Compensation: $178,176
  • Related: $0
  • Other: $3,910

    • William Fienup (Vp Of Innovation Services, Co-Founder)
  • Compensation: $142,925
  • Related: $0
  • Other: $5,530

    • Heather Walsh (Executive Director)
  • Compensation: $134,237
  • Related: $0
  • Other: $3,940

    • Shannon Mcghee (Vp Of Programs & Engagement)
  • Compensation: $114,379
  • Related: $0
  • Other: $5,215

    • Ben Berlin (Director Of Corporate Partnerships)
  • Compensation: $118,507
  • Related: $0
  • Other: $0

    • Elizabeth Lemos (Accounting Manager)
  • Compensation: $103,482
  • Related: $0
  • Other: $4,018

    • Kevin Willer (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Meredith O'Connor (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jacob Babcock (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jian Cao (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Edward Coleman (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michon Ellis (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laura Ferris Anderson (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Erin Guthrie (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Zach Kaplan (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Karasek (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven Kase (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Kerr (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Koch (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ushma Kriplani (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeff Malehorn (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffrey Margolis (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Don Mcneil (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Corey Ryan (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Seedman (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Simeone (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nicole Stevenson (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Tebbe (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Garth Walker (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Weissbourd (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nicole Wolter (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.mhubchicago.com

    Where can I find the form 990 for Mhub?

    The Mhub’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.mhubchicago.com

    Learn more at the official website: www.mhubchicago.com

    Mission Statement of Mhub

    Mhub, the nation's largest and fastest-growing innovation center for hardtech and manufacturing, is dedicated to enabling U.S. hardtech innovation and commercialization. The organization achieves this by fostering collaboration and offering a hyper-resourced environment for developing, funding, and accelerating clean energy, health, sustainability, and manufacturing entrepreneurship. Mhub's primary focus is on hardtech development services, previously known as Mhub Product Development (MHUB PD). This service connects innovative and ambitious entrepreneurs and startups with established manufacturers and industry leaders, facilitating product development from the ideation stage to the final product. Mhub's mission is to drive hardtech innovation, ultimately contributing to the growth and competitiveness of the U.S. manufacturing sector.

    Impact

    This information is meant to be a general summary of Mhub. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Mhub's impact lies in its ability to drive innovation and accelerate product development in the hardtech and manufacturing industry. By bringing together a diverse community of product designers, developers, entrepreneurs, engineers, and manufacturers, Mhub facilitates the creation of breakthrough products and helps bring them to market. This not only benefits the individuals and companies involved but also contributes to the growth and advancement of the hardtech sector. Mhub's focus on collaboration, accessibility, and resource-sharing helps fuel clean energy, health, sustainability, and manufacturing entrepreneurship, ultimately fostering economic development and driving technological progress in the United States.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-95,221
  • Program Service Revenue: $4,830,862
  • Gross Receipts: $9,281,732

    • Assets and Liabilities:
  • Total Assets: $9,378,153
  • Total Liabilities: $4,389,540
  • Net Assets: $4,988,613
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PRODUCT DEVELOPMENT SERVICES

    Revenue

    $2,102,979

    MEMBERSHIP ASSESSMENTS

    Revenue

    $1,809,260

    AI PROGRAM REVENUE

    Revenue

    $918,623

    Organization Details

    Founding Year

    2013

    Principal Officer

    Haven Allen

    Main Address

    1623 W FULTON ST, CHICAGO, IL, 60612

    NTEE Category

    Code: S30 - Community improvement

    If you are a representative of Mhub and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.