Flywheel Social Enterprise Hub
- Assets
- $344.7k
- Revenue
- $360.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Cincinnati, OH
- Founding
- 04/2014
- Data as of
- 12/2023
- EIN
- 46-0889572
Organization Overview
Flywheel Social Enterprise Hub is located in Cincinnati, OH. The organization was established in 2014. According to its NTEE Classification (T02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Flywheel Social Enterprise Hub employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flywheel Social Enterprise Hub 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 12/2023, Flywheel Social Enterprise Hub generated $360.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $252.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Flywheel Social Enterprise Hub has awarded 15 individual grants totaling $121,667. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP SOCIAL ENTREPRENEURS BUILD VENTURES THAT DELIVER SOCIAL IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLYWHEEL SOCIAL ENTERPRISE HUB IS A STARTUP ACCELERATOR FOR ENTREPRENEURS WHO HAVE DESIGNED SOCIAL IMPACT INTO THEIR BUSINESS MODEL. WE SERVE EARLY AND MID-STAGE SOCIAL ENTERPRISES WITH EXPERT TRAINING, COLLABORATIVE LEARNING AND PERSONALIZED COACHING. WHILE AGNOSTIC TO THE IDENTITY OF THE FOUNDER, 54% OF OUR FOUNDERS ARE WOMEN AND 41% BIPOC. THESE ARE REVENUE PRODUCING FOR PROFIT BUSINESSES DELIVERING A DOUBLE BOTTOM LINE. 80% OF OUR ALUMNI ARE STILL IN BUSINESS AFTER THREE YEARS AND REPORTING PROGRESS ON THEIR IMPACT METRIC. FLYWHEEL ALUMNI EMPLOY OVER 100 PEOPLE IN GREATER CINCINNATI AND HAVE RAISED OVER $6-MILLION IN FOLLOW-ON FUNDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amber David Board Member - Exited 10/23 | Trustee | 1 | $0 |
Leanthony Edwards Board Member | Trustee | 1 | $0 |
Danyelle Wright Board Member | Trustee | 1 | $0 |
Susan Ingmire Vice Chair | OfficerTrustee | 1 | $0 |
Neil Tilow Board Member - Exited 10/23 | Trustee | 1 | $0 |
Andrew D Park Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $96,256 |
| All other contributions, gifts, grants, and similar amounts not included above | $255,697 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $351,953 |
| Total Program Service Revenue | $0 |
| Investment income | $7,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $761 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $360,510 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $99,986 |
| Compensation of current officers, directors, key employees. | $34,259 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,044 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $300 |
| Payroll taxes | $10,826 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,633 |
| Advertising and promotion | $648 |
| Office expenses | $1,330 |
| Information technology | $2,779 |
| Royalties | $0 |
| Occupancy | $13,835 |
| Travel | $51 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,022 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,563 |
| All other expenses | $1,002 |
| Total functional expenses | $252,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $311,063 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,143 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,471 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $344,677 |
| Accounts payable and accrued expenses | $4,735 |
| 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 | $0 |
| Other liabilities | $86,882 |
| Total liabilities | $91,617 |
| Net assets without donor restrictions | $253,060 |
| 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 | $344,677 |
Grants Awarded
Over the last fiscal year, Flywheel Social Enterprise Hub has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COCOON PURPOSE: Program Related | $7,500 |
EMPOWER GROUP LLC PURPOSE: Program Related | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Nonprofit Excellence Louisville, KY | $1,297,288 | $1,438,398 |
Flywheel Social Enterprise Hub Cincinnati, OH | $344,677 | $360,510 |
College And University Sustainability Project Inc Evansville, IN | $0 | $212,597 |
221b Collaborations Twinsburg, OH | $815 | $121,150 |
Tenderle Foundation Oxford, OH | $9,275 | $3,412 |