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Nonprofiteer
← EMERGE INNOVATION HUB

Form 990 for tax year 2022

Filed by EMERGE INNOVATION HUB.

Totals

Total revenue
$152,500
Total expenses
$37,702
Contributions and grants received
$152,500
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$114,798
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$114,798
Program services expenses (Part IX)
$14,680
Management and general expenses
$23,022
Fundraising expenses
$0
Program service expenses (Part III)
$14,680

Program services were 38.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $152,500

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $32,857 · program services $11,000 · management and general $21,857

  • 12 · Advertising and promotion

    total $575 · program services $75 · management and general $500

  • 13 · Office expenses

    total $4 · management and general $4

  • 16 · Occupancy

    total $1,970 · program services $1,970

  • 19 · Conferences, conventions and meetings

    total $1,646 · program services $1,613 · management and general $33

  • 23 · Insurance

    total $394 · management and general $394

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $134 · management and general $134

  • 24b · Other expenses: MISCELLANEOUS

    total $122 · program services $22 · management and general $100

Balance sheet

Part X, book values.

  • 15 · Other assets

    beginning of year $0 · end of year $114,798

  • 27 · Net assets without donor restrictions

    end of year $114,798

Mission and programs · 2022

Mission

EMERGE EXISTS TO SUPPORT DIVERSE COMMUNITIES BY EMPOWERING HISTORICALLY UNDERRESOURCED AND UNDERREPRESENTED ENTREPRENEURS TO START AND RUN THEIR BUSINESSES IN SOUTHWEST MICHIGAN.

Activities or mission (Part I)

EMERGE EXISTS TO SUPPORT DIVERSE COMMUNITIES BY EMPOWERING HISTORICALLY UNDER RESOURCED AND UNDERREPRESENTED ENTREPRENEURS TO START AND RUN THEIR BUSINESSES IN SOUTHWEST MICHIGAN.

  • ENTREPRENEURIAL SUPPORT - IS A COALITION OF ORGANIZATIONS AND INSTITUTIONS FOCUSED ON THE ECONOMIC TRANSFORMATION OF URBAN COMMUNITIES (ESPECIALLY COMMUNITIES OF COLOR) RAVAGED BY POVERTY AND A LACK OF EQUITABLE SUPPORT AND RESOURCES. THE HUB SEEKS TO DEVELOP AN ECOSYSTEM OF ENTREPRENEURS, ENTREPRENEURIAL ORGANIZATIONS, FINANCIAL INSTITUTIONS, BUSINESSES, CORPORATIONS, AND BUSINESS LEADERS THAT ENCOURAGES COLLABORATION AND PARTNERSHIP. WITHIN THIS ENDEAVOR, THE HUB'S ECOSYSTEM ASSISTS EMERGING AND EXPERIENCED ENTREPRENEURS AND ORGANIZATIONAL LEADERS DEVELOP SUSTAINABLE BUSINESS MODELS THAT FOSTER 1) PROPER BUSINESS/ORGANIZATIONAL STRUCTURE, 2) REVENUE GROWTH, AND 3) CUSTOMER SATISFACTION. THE HUB'S STAFF AND PARTNERS PROVIDE TECHNICAL ASSISTANCE TO ENTREPRENEURS THROUGH PERSONAL COACHING, RESOURCING SHARING, AND MENTORSHIP. THE GOAL OF THESE SERVICES IS TO OFFER ENTREPRENEURS 1) EQUITABLE SERVICES 2) ACCESS TO MICROLENDING AND FUNDING, AND 3) ACCESS TO CLIENTS AND CUSTOMERS TO ENHANCE THEIR BUSINESS OUTPUTS AND GROWTH.

    Expenses $14,680

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Andrew Robinson

    CEO & DIRECTOR

    Total calculated
    $76,154
    From this org
    $0
    From related orgs
    $76,154
    Other
    $0
    Hours/week
    10 + 40 related
  • Todd Gustafson

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Scott Dorfman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Lewis Scott

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Alexis Harris

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Alexandre Czesnat

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dwayne Powell Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeff Wright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matias Soto Castillo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Phil Swanson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
25 September 2023
IRS schema version
2022v5.0
Source object
202342769349301064

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