m Hub
m Hub
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About this organization
Mission
mhub is a nonprofit economic development organization with a mission of lower the cost and barriers for physical product and manufacturing innovation. We engage manufacturers and startups and provide them with access to capital-intensive resources, education workshops, access to talent and networking opportunities.
About
Community Support- mhub is a co-working community of product designers, developers, entrepreneurs, engineers and manufactures companies. Within mhub's community 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 innovations go from prototype to product to sustainable business, driving a greater likelihood of success.
Interesting data from their 2020 990 filing
The filing reveals the mission of the non-profit as “Mhub is the nation's largest and fastest growing innovation center for physical product development and manufacturing. mhub is a co-working community of product designers, developers, entrepreneurs, engineers and manufactures. mhub's members 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 innovators go from prototype to product to sustainable business, driving a greater likehood of success.”.
When detailing its functions, they were listed as: “Foster a vibrant, inventive community that creates breakthrough products & boostes local economy”.
- According to the law, the state where the non-profit operates has been reported as IL.
- The filing specifies that the non-profit's address in 2020 was 965 WEST CHICAGO AVENUE, CHICAGO, IL, 60642.
- As of 2020, the non-profit's form shows they have a total of 27 employees.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$601,661.
- The CEO compensation scheme within the organization is based on a review and endorsement process by a neutral entity.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 25 independent voting members.
- The organization was formed in 2013.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $1,446,595 in salary, compensation, and benefits to its employees.
- The organization pays $121,679 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
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