- Revenue 2024
- $9,621,327
- Expenses 2024
- $10,868,177
Program services were 57.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- Street
- 1623 W FULTON ST
These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).
Mission and programs · 2024
Mission
TO ENABLE U.S. HARDTECH INNOVATION AND COMMERCIALIZATION BY FUELING COLLABORATION AND PROVIDING AND ACCESSIBLE, HYPER-RESOURCED ENVIRONMENT TO DEVELOP, FUND AND ACCELERATE CLEAN ENERGY, HEALTH, SUSTAINABILITY, AND MANUFACTURING ENTREPRENEURSHIP.
Activities or mission (Part I)
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.
-
HARDTECH DEVELOPMENT SERVICES (MHUB HD): MHUB HD 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.
Expenses $2,105,037 · Revenue $2,500,511
-
INNOVATION CENTER: A SHARED WORKSPACE COMMUNITY, WITHIN MHUB, OF PRODUCT DESIGNERS, DEVELOPERS, ENTRENEURS, 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 INNOATIONS 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.
Expenses $2,296,061 · Revenue $2,689,356
-
MHUB ACCELERATOR: MHUB'S ACCELERATOR PROGRAM IS A SIX-MONTH PROGRAM THAT PAIRS 8 - 10 DEMAND-DRIVEN PHYSICAL PRODUCT STARTUPS FROM ACROSS THE COUNTRY WITH CORPORATE LEADERS AND INVESTORS FOR AN INTENSIVE ACCELERATOR 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.
Expenses $1,199,735 · Revenue $1,435,121
-
CATALYZE INITIATIVE: MHUB'S CATALYZE INITIATIVE PROMOTES WEALTH CREATION FOR A BROADER SET OF FOUNDERS THROUGH A SERIES OF TARGETED PROGRAMS AND PARTNERSHIPS. BY SUPPORTING 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.
Expenses $673,669
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Officers and directors · 2024
As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
MEREDITH O'CONNOR
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 0.2 + 0.2 related
-
KEVIN WILLER
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2 + 0.2 related
-
LAURA FERRIS ANDERSON
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
JACOB BABCOCK
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
JIAN CAO
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
MEGAN CLIFFORD
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
EDWARD COLEMAN
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
MICHON ELLIS
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
ERIN GUTHRIE
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
TRAVIS HUNTER
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
MARK KARASEK
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
STEVEN KASE
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
KAREN KERR
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
STEVE KOCH
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
JEFF MALEHORN
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
JEFFREY MARGOLIS
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
DON MCNEILL
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
SHELLI NELSON
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
COREY RYAN
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
THOMAS SIMEONE
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
NICOLE STEVENSON
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
JESSICA STRAUSBAUGH
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
NANCY SULLIVAN
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
BOB WEISSBOURD
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
GARTH WALKER
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
The first 25 listed. 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. Earlier years are each on their own filing page.
Filings
-
2024
- Revenue
- $9,621,327
- Expenses
- $10,868,177
- Contributions
- $2,756,271
- Grants paid
- $0
-
2023
- Revenue
- $18,808,429
- Expenses
- $9,195,037
- Contributions
- $12,588,588
- Grants paid
- $0
-
2022
- Revenue
- $9,116,950
- Expenses
- $8,178,780
- Contributions
- $4,314,142
- Grants paid
- $0
The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.
Other returns filed
-
2021 · 990
- Revenue
- $6,781,086
- Expenses
- $7,382,926
- Assets (EOY)
- $5,077,327
-
2020 · 990
- Revenue
- $5,944,206
- Expenses
- $6,357,610
- Assets (EOY)
- $2,471,913
-
2019 · 990
- Revenue
- $4,253,679
- Expenses
- $5,537,170
- Assets (EOY)
- $2,619,108
-
2018 · 990
- Revenue
- $3,601,090
- Expenses
- $4,202,751
- Assets (EOY)
- $2,032,432
-
2017 · 990
- Revenue
- $2,698,131
- Expenses
- $3,178,899
- Assets (EOY)
- $2,202,364
-
2016 · 990
- Revenue
- $994,362
- Expenses
- $947,651
- Assets (EOY)
- $1,625,851
Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.
Grants made
No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.
Grants received
-
$300,000
2024 CLIMATE HARDTECH DEVELOPMENT
-
$249,888
2023 TECHNOLOGY AND INNOVATION
-
2024 For grant recipient's exempt purposes
-
2023 EMPLOYMENT ASSISTANCE
-
2022 GENERAL SUPPORT
-
2023 For grant recipient's exempt purposes
Related organizations
From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.
Declared on its 2024 return
-
501(C)(3) · ORGANIZED AND OPERATES AT ALL TIMES EXCLUSIVELY FOR THE BENEFIT OF MHUB · IL · controlled entity
Declared as related by
-
On its 2024 return
Taxable family
From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.
Disregarded entities on its 2024 return
-
MHUB ACCELERATED INCUBATION LLC
ACCELERATE THE GROWTH OF NEW HARDTECH BUSINESSES · DE · income $635,100 · assets $276,817
-
MHUB PRODUCT IMPACT FUND I UGP LLC
IMPACT INVESTMENTS · DE · income $0 · assets $0
-
MHUB PRODUCT IMPACT FUND I GP LP
IMPACT INVESTMENTS · DE · income $0 · assets $0
-
HOLDING COMPANY · IL · income $0 · assets $0
Related partnerships on its 2024 return
-
INVESTMENTS · DE
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Not present in the most recent drop.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.
What this page reflects
The registration facts above come from the IRS Business Master File published 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.