EIN 46-3388438

mHUB

IRS 501(c) type
501(c)(3)
Num. employees
43
Year formed
2013
Most recent tax filings
2023-12-01
Description
MHub is America's largest innovation center for hardtech and manufacturing in Chicago, fostering a community of designers, developers, entrepreneurs and engineers.
Also known as...
Catalyze Chicago
Total revenues
$18,808,429
2023
Total expenses
$9,195,037
2023
Total assets
$49,982,089
2023
Num. employees
43
2023

Program areas at mHUB

Hardtech development services (Mhub hd): Mhub hd formerly known as Mhub product development (Mhub pd), accelerates product development by connecting talented, innovative and eager entrepreneurs and startups with established manufacturers and industry leaders. Mhub engages with clients in many ways and various timelines within the development process from ideation to final product.
Accelerated incubation: Mhub's accelerated incubation program is a six-month program that pairs 10 demand-driven physical product startups from across the country with corporate leaders and investors for an intensive incubation 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.
Innovation center: a shared workspace community, within Mhub, of product designers, developers, entrepreneurs, 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 innovations 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.
Catalyze initiative: Mhub's catalyze initiative promotes wealth creation for a more diverse set of founders through a series of targeted programs and partnerships. By supporting underrepresented 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.

Who funds mHUB

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
New Venture FundTechnology and Innovation$249,888
Joint-County Opportunity Benefit Support FundEmployment Assistance$150,000
Segal Family Foundation (SFF)Charitable Purpose$55,500
...and 5 more grants received

Personnel at mHUB

NameTitleCompensation
Haven AllenMhub Chief Executive Officer and Founder$327,565
Manas MehandruChief Operating Officer$250,304
Allison WinstelChief of Staff
William FienupVice President of Innovation Services , Founder$142,925
Shannon McGheeVice President , Programs and Engagement$114,379
...and 18 more key personnel

Financials for mHUB

RevenuesFYE 12/2023
Total grants, contributions, etc.$12,588,588
Program services$5,927,270
Investment income and dividends$201,197
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$73,797
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-46,862
Net income from gaming activities$0
Net income from sales of inventory$-2,778
Miscellaneous revenues$67,217
Total revenues$18,808,429

Form 990s for mHUB

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-13990View PDF
2022-122023-11-13990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-03-02990View PDF
...and 5 more Form 990s
Data update history
January 6, 2025
Used new vendors
Identified 1 new vendor, including
January 6, 2025
Received grants
Identified 3 new grant, including a grant for $249,888 from New Venture Fund
September 21, 2024
Updated personnel
Identified 8 new personnel
July 14, 2024
Received grants
Identified 2 new grant, including a grant for $150,000 from Joint-County Opportunity Benefit Support Fund
July 8, 2024
Received grants
Identified 2 new grant, including a grant for $10,000 from American Online Giving Foundation
Nonprofit Types
Research centersHeadquarter / parent organizationsCharities
Issues
Science and technologyCommunity improvementEconomic development
Characteristics
MembershipsConducts researchPartially liquidatedFundraising eventsState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
1623 W Fulton St
Chicago, IL 60612
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
mhubchicago.com/ 
Phone
(312) 248-8701
IRS details
EIN
46-3388438
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2013
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
U40: Engineering and Technology Research, Services
NAICS code, primary
5416: Professional, Scientific, and Technical Services
Parent/child status
Central organization
Free account sign-up

Want updates when mHUB has new information, or want to find more organizations like mHUB?

Create free Cause IQ account