Greater Hamilton Center For Business & Technology Inc
- Assets
- $131.0k
- Revenue
- $242.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Hamilton, OH
- Founding
- 08/2002
- Data as of
- 09/2020
- EIN
- 03-0396525
Organization Overview
Greater Hamilton Center For Business & Technology Inc, operating under the name The Hamilton Mill, is located in Hamilton, OH. The organization was established in 2002. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2020, Hamilton Mill employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hamilton Mill is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2020, Hamilton Mill generated $242.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $308.9k during the year ending 09/2020. While expenses have increased by 9.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE HAMILTON MILL IS A REGIONAL PLATFORM CONNECTING STARTUPS WITH THE RESOURCES THEY NEED TO BE SUCCESSFUL. WE BRING TOGETHER THE REGIONAL RESOURCES OF THE BUSINESS AND ACADEMIC COMUNITIES, SOURCES FOR FINANCING,TECHNICAL EXPERTISE AND AGENCY LEVEL FEDERAL AND STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCUBATOR STARTUP ACTIVITY IN 2018-2019, THE MILL PROVIDED SPACE, PROGRAMING AND ? OR SUPPORT FOR NUMBER OF STARTUPS AT ITS 20HIGH ST LOKATION. THE CORE AREAS FOR THES STARTUPS WERE : WATER TECH,GENETIC RESEARCH, PROFESIONAL SERVICES.IN2019 THE INCUBATOR FACILITY'S USABLE SPACE HAD A 90 UTILIZATIOM RATE WITH APROXIMATELY 18 STARTUPS AND SEVERAL EXPANSIONS.PROGRAMMATIC HIGHLIGHTS INCLUD WORKSHOPS SESSIONS COVERING PITCH PRACTICE,VALUE PROPOSITION DEVELOPMENT SMART-CITY ENGAGEMENT, GOVERNMENT CONNECTIONSUSDA,SBIR,EPA,SBA SBDC,M EXPORT ASSISTANCE CONNECTIONS WITH REGIONALK UTILITY LEADERS. UNIVERSITY OF CINCINATI, IP SHOP -TALK AND ASSISTANNCE WITH LOCAL LAW FIRM,FINANCIALS WORKSHOPS, BOARD COMPOSITION ADVISING, CUSTOMER/PROSPECT PANEL,PRESENTATION PEACTICE, BRINGING NEW TECHNOLOGIES TO MARKET,BUSINESS MODELDESIGN AND REVIEW, EPA CINCINNATI LAB AND ENGINEER CONNECTIONS, MORNING MENTORING WITH QUEEN CITY ANGELS.
SMALL BUSINESS DEVELOPMENT CENTER ACTIVITY.OUR ADVISORY PROGRAM CONTINUEDTHEIR NOTABLE ADVISORY SERVICE WHICH INCLUDE CONFIDENTIAL ONE -TO -ONE ADVISING AT NO COST AND AN ARRAY OF MANAGEMENT TRAINING PROGRAMS AND TECHNICAL BUSINESS ASSISTANCE..HIGHLIGHTS INCLUDE A TOTAL CLIENT PORTFOLIO OF OVER 296 CLIENT AND NEARLY 800 HOURS OF BUSINESS DEVELOPMENT ADVISING.OVER THIS SAME PERIOD THERE HAVE BEEN APPROXINATELY 70 BUSINESS STRTS AND 123 JOBS CREATED THA RESULTED NEARLY 5 MILLION DOLLARS IN CAPITAL FORMATIOM AND 2.14 IN SALE GROWTH.
PIPELINE THE UNIVERSITY OF CINCINNATY BEGAN IN 2018-2019 TO ASSIST THE HAMILTON MILL AND ITS VARIOUS PROGRAMMATICALLY GEARED CLIENTELE. AN INITIAL SERIES OF SEMINAR PRESENTATIONS WERE GIVEN TO PROVIDE AN OVERVIEW OF SERVICES AVAILABLE FROM UC. THIS WAS FOLLOWED BY ONE-ON-ONE CONSULTATIONS WHERE AN INFORMATIONM EXCHANGE ACCURRED TO BETTER INFORM THE UC,HM AND THE COMPANY REPRESENTATIVES OF NEEDS AND POTENTIAL SERVICES AVAILABLE TO MEET THOS NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Lawson President & CEO | OfficerTrustee | 45 | $0 |
Timothy Cameron Chairman | Trustee | 1 | $0 |
Dave Fehr Member | Trustee | 1 | $0 |
Jody Gunderson Member | Trustee | 1 | $0 |
Pat Moeller Member | Trustee | 1 | $0 |
Marni Durham Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $158,748 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,748 |
| Total Program Service Revenue | $84,175 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $242,923 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $136,723 |
| Grants and other assistance to domestic individuals. | $20,176 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $52,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,241 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,596 |
| Fees for services: Management | $6,503 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,601 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,968 |
| Office expenses | $2,990 |
| Information technology | $4,359 |
| Royalties | $0 |
| Occupancy | $12,565 |
| Travel | $1,057 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,143 |
| All other expenses | $733 |
| Total functional expenses | $308,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,560 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,793 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $30,628 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $130,981 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $37,500 |
| Other liabilities | $29,587 |
| Total liabilities | $67,087 |
| Net assets without donor restrictions | $63,894 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $130,981 |
Grants Awarded
Over the last fiscal year, Greater Hamilton Center For Business & Technology Inc has awarded $47,042 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GEOINTERACTIVE PTY LTD PURPOSE: TO DEVELOP WATER TREATMENT TECHNOLOGY. | $25,000 |
Springfield, OH PURPOSE: FUNDING USED FOR EDUCATIONAL PURPOSES | $22,042 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Hamilton Center For Business & Technology Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marshall University Research Corporation Huntington, WV | $66,297,155 | $55,595,334 |
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
16 Tech Community Corporation Indianapolis, IN | $90,414,871 | $43,820,376 |
Delaware River Waterfront Corporation Philadelphia, PA | $26,551,411 | $24,883,136 |
T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
Invest Detroit Foundation Detroit, MI | $154,389,743 | $12,808,930 |
Wright Brothers Institute Inc Dayton, OH | $23,307,656 | $22,085,089 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |