Overview

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Est.

2013

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

mHUB is the nation's largest and fastest-growing innovation center for hardtech and manufacturing, dedicated to fostering a community of product designers, developers, entrepreneurs, engineers, and manufacturers to bring breakthrough products to market. With an operating budget of $10.9 million and total revenue of $9.6 million for the 2024 filing year, mHUB demonstrates significant financial scale and support from multiple substantial funders. The organization operates primarily in Chicago, Illinois, and does not rely on any single funder for 50% or more of its revenue. For more information, visit www.mhubchicago.com.

Mission Statement

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.
Revenues
$9.6M
Expenses
$10.9M
Net Income:
-$1.2M
Assets
$49.5M
Liabilities
$41.7M
Net Assets:
+$7.9M
Operating Budget
$10.9M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
7
Median grant size
$12.5K
Largest grant received
$300K
T
Thierry Van Landegem
Board Member
M
Mark Karasek
Board Member
E
Erin Guthrie
Board Member

Frequently Asked Questions

What is mHUB’s budget?
In 2024, mHUB reported an annual operating budget of around $10.9 million. More detailed financial information is available to registered users.
What causes does mHUB support?
mHUB supports work in Economic development.
Where does mHUB operate?
mHUB is headquartered in Chicago, IL.
Who funded mHUB recently?
In 2024, mHUB received grants from SEATTLE FOUNDATION, THE CHRISTOPHER FAMILY FOUNDATION, and ELIZABETH MORSE CHARITABLE TRUST XXXXX1008. More information on this organization’s funders is available to registered users.
What is the largest grant mHUB received in 2024?
The largest grant to mHUB in 2024 exceeds $300 thousand.
What is mHUB’s reliance on government grants?
mHUB relied on government grants for more than 10% of their total revenue in 2024.