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Source: IRS Form 990 via ProPublica Nonprofit Explorer
Total Revenue
▼$18.8M
Total Contributions
$12.6M
Total Expenses
▼$9.2M
Total Assets
$50M
Total Liabilities
▼$40.9M
Net Assets
$9.1M
Officer Compensation
→$936.1K
Other Salaries
$2.5M
Investment Income
▼$201.2K
Fundraising
▼$23.2K
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$8.9M
Awards Found
11
Department of Commerce
$1.3M
360-DEGREE INNOVATION ECOSYSTEM FOR HARDTECH AND & PHYSICAL PRODUCT INNOVATION
Agency for International Development
$1M
LOCAL WORKS EXPERIMENTAL ACTIVITY THAT SEEKS TO IMPROVE THE LAND RIGHTS OF PERI-URBAN LAND HOLDERS FOR THE REALIZATION OF SOCIAL, POLITICAL AND ECONOMIC RIGHTS BY CONDUCTING A RESEARCH AND TESTING INTERVENTIONS THAT WILL POTENTIALLY IMPROVE LAND ADMINISTRATION AND MANAGEMENT, AND LAND TITLING PROCESSES AND, INCREASE ACCESS TO INFORMATION ON LAND ADMINISTRATION AND MANAGEMENT FOR CITIZENS.
Small Business Administration
$921K
FY23 CONGRESSIONAL COMMUNITY PROJECT MHUB
Department of Commerce
$778.1K
THIS EDA ECONOMIC ADJUSTMENT ASSISTANCE AWARD TO MHUB WILL SUPPORT THE GRANTEE'S PURCHASE OF NEW PROTOTYPING EQUIPMENT AND TRAINING CAPABILITIES TO FILL EXISTING GAPS IN THE REGIONAL TECH INNOVATION ECOSYSTEM. COOK COUNTY?S ELEVATED UNEMPLOYMENT RATE AND OTHER ECONOMIC CHALLENGES REQUIRE INNOVATIVE SOLUTIONS AND NEW BUSINESS START-UPS TO EXPAND AND DIVERSIFY THE REGIONAL ECONOMY. THE EDA-FUNDED EQUIPMENT AND TESTING LABS WILL PROVIDE ADDITIONAL CAPACITY FOR MHUB USERS TO TEST THEIR IDEAS AND BRING NEW PRODUCTS TO MARKET FASTER. THE PROJECT IS EXPECTED TO HELP CREATE 50 NEW JOBS AND GENERATE $15 MILLION IN PRIVATE INVESTMENT.
Small Business Administration
$675K
FY24 CONGRESSIONAL COMMUNITY PROJECT FUNDING - MHUB
Department of Commerce
$500K
THIS EDA INVESTMENT SUPPORTS THE 2025 CLEAN TECH ECONOMY COALITION (CTEC), LED BY MHUB IN CHICAGO, WITH THEIR PROPOSAL TO ACCELERATE THE DEVELOPMENT OF A NEW CLEAN TECH INDUSTRY CLUSTER IN THE MIDWEST. THE 19-MEMBER COALITION AIMS TO SUPPORT THE DEVELOPMENT OF TECHNOLOGIES FOR LOCAL APPLICATIONS AND TRADE, RAPID ROLLOUT OF CRITICAL INFRASTRUCTURE, AND COORDINATED WORKFORCE DEVELOPMENT TO SUPPORT AN END-TO-END REGIONAL SUPPLY CHAIN. IF PROVIDED AN IMPLEMENTATION GRANT, COALITION WILL PURSUE SIX INDEPENDENT-BUT-RELATED CLEAN TECH PROJECTS, RANGING FROM ELECTRICAL VEHICLE TESTING AND INFRASTRUCTURE TO INNOVATION AND WORKFORCE TRAINING OPPORTUNITIES ON CHICAGOS SOUTH SIDE TO INCREASE ACCESS AND OPPORTUNITY IN THE CLEAN ECONOMY FOR THE REGIONS BLACK AND BROWN COMMUNITIES. THE EMPLOYERS IN BIO-INNOVATION WERE FOUNDED THERE DECADES AGO AND GREW TO BE GLOBAL LEADERS, INCLUDING CARGILL, THE MAYO CLINIC, GENERAL MILLS, ECOLAB, MEDTRONIC, AND LAND OLAKES. IF PROVIDED AN IMPLEMENTATION GRANT,
Department of Commerce
$500K
MHUB: PRODUCT DEVELOPMENT & INNOVATION ECOSYSTEM FOR CHICAGOLAND REGION.
Department of Commerce
$300K
MHUB ACCELERATED INCUBATION SEED GRANT PROPOSAL
Department of Energy
$138K
AN INNOVATIVE ENERGY MODEL DEVELOPMENT AND MANAGEMENT SYSTEM USING GIT
Department of State
$37.4K
TO DESIGN AND IMPLEMENT AN ENTREPRENEURSHIP PROGRAM FOR AWE ALUMNAE USING EXISTING ONLINE LEARNING PLATFORMS.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
4
Clean Audits
2
Material Weakness
Yes
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2024 | Material Weakness | Unmodified (Clean) | $1.1M | No | 2025-09-30 |
| 2023 | Material Weakness | Unmodified (Clean) | $1.4M | No | 2024-09-30 |
| 2022 | Clean | Unmodified (Clean) | $1.5M | No | 2024-01-12 |
| 2021 | Clean | Unmodified (Clean) | $1.1M | No | 2022-11-30 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.5M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.1M
Source: IRS e-Filed Form 990
No officer or director compensation data available for this organization.
This data is sourced from IRS Form 990, Part VII. It may not be available if the organization files Form 990-N (e-Postcard) or has not yet been enriched.
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023 | $18.8M | $12.6M | $9.2M | $50M | $9.1M |
| 2022 | $9.1M | $4.3M | $8.2M | $9.4M | $5M |
| 2021 | $6.8M | $2.3M | $7.4M | $5.1M | -$576K |
| 2020 | $5.9M | $2.9M | $6.4M | $2.5M | -$2.8M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS Form 990 via ProPublica Nonprofit Explorer (Tax Year 2023)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File · ProPublica Nonprofit Explorer
Tax-deductibility: IRS Publication 78
| 2019 | $4.3M | $1.1M | $5.5M | $2.6M | -$2.4M |
| 2018 | $3.6M | $120K | $4.2M | $2M | -$1.2M |
| 2017 | $2.7M | $1.6M | $3.2M | $2.2M | -$580K |
| 2016 | $994.4K | $829.9K | $947.7K | $1.6M | -$99.3K |
| 2015 | $159.6K | — | $226.7K | $45.6K | — |
| 2014 | $68.8K | — | $144.7K | $52.4K | — |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990-EZ | Data |
| 2014 | 990-EZ | Data |