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Nonprofiteer
← EMERGE INNOVATION HUB

Form 990 for tax year 2023

Filed by EMERGE INNOVATION HUB.

Totals

Total revenue
$145,380
Total expenses
$150,672
Contributions and grants received
$145,375
Grants paid
$77,443
Program service revenue
$0
Investment income
$5
Other revenue
$0
Total assets, end of year
$116,150
Total liabilities, end of year
$6,644
Net assets or fund balances, end of year
$109,506
Program services expenses (Part IX)
$94,798
Management and general expenses
$55,874
Fundraising expenses
$0
Program service expenses (Part III)
$94,798

Program services were 62.9% 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

    $145,375

  • 3 · Investment income

    total $5 · related or exempt $5

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $77,443 · program services $77,443

  • 7 · Other salaries and wages

    total $11,364 · management and general $11,364

  • 10 · Payroll taxes

    total $869 · management and general $869

  • 11g · Fees: other

    total $44,038 · program services $9,430 · management and general $34,608

  • 12 · Advertising and promotion

    total $4,670 · management and general $4,670

  • 13 · Office expenses

    total $2,672 · program services $690 · management and general $1,982

  • 14 · Information technology

    total $75 · management and general $75

  • 16 · Occupancy

    total $2,400 · program services $2,400

  • 17 · Travel

    total $201 · management and general $201

  • 19 · Conferences, conventions and meetings

    total $5,175 · program services $4,835 · management and general $340

  • 23 · Insurance

    total $1,765 · management and general $1,765

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $115,775

  • 3 · Pledges and grants receivable

    end of year $375

  • 15 · Other assets

    beginning of year $114,798

  • 17 · Accounts payable and accrued expenses

    end of year $6,644

  • 27 · Net assets without donor restrictions

    beginning of year $114,798 · end of year $109,506

Mission and programs · 2023

Mission

EMERGE EXISTS TO SUPPORT DIVERSE COMMUNITIES BY EMPOWERING HISTORICALLY UNDERRESOURCED AND UNDERREPRESENTED ENTREPRENEURS TO INSTITUTIONS FOCUSED ON THE ECONOMIC TRANSFORMATION OF URBAN EMERGE INNOVATION HUB START AND RUN THEIR BUSINESSES IN SOUTHWEST MICHIGAN.

Activities or mission (Part I)

EMERGE EXISTS TO SUPPORT DIVERSE COMMUNITIES BY EMPOWERING HISTORICALLY UNDERRESOURCED 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 $94,798 · Grants $77,443

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Andrew Robinson

    CEO & DIRECT

    Total calculated
    $80,000
    From this org
    $0
    From related orgs
    $80,000
    Other
    $0
    Hours/week
    20 + 20 related

  • Alexandre Czesnat

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Scott Dorfman

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Alexis Harris

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Lewis Scott

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Matias Soto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Phil Swanon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey Wright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202423239349300712

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