Flywheel Social Enterprise Hub
- Assets
- $364.6k
- Revenue
- $392.6k
- Investments
- $0.0
- Employees
- 8
- Location
- Cincinnati, OH
- Founding
- 04/2014
- Data as of
- 12/2021
- 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 12/2021, Flywheel Social Enterprise Hub employed 8 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 12/2021, Flywheel Social Enterprise Hub generated $392.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $404.5k during the year ending 12/2021. While expenses have increased by 12.1% per year over the past 7 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
2021
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
ASSISTANCE AND ADVISING THE STARTUP OF SOCIAL ENTERPRISES.
CONSULTING SERVICES TO NON-PROFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Tucker Executive Director | Officer | 50 | $87,677 |
Neil Tilow Treasurer | OfficerTrustee | 1 | $0 |
Susan Ingmire Vice President | OfficerTrustee | 1 | $0 |
Dan Geeding Secretary | OfficerTrustee | 1 | $0 |
Leanthony Edwards Board Member | Trustee | 1 | $0 |
Danyelle Wright Board Member-Started 4/2021 | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $10,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,562 |
| All other contributions, gifts, grants, and similar amounts not included above | $251,214 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $306,776 |
| Total Program Service Revenue | $85,825 |
| 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 | $392,601 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,667 |
| 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. | $87,677 |
| Compensation of current officers, directors, key employees. | $58,743 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,812 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,166 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,013 |
| Advertising and promotion | $1,094 |
| Office expenses | $1,446 |
| Information technology | $3,118 |
| Royalties | $0 |
| Occupancy | $15,245 |
| Travel | $480 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,684 |
| Interest | $220 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,415 |
| All other expenses | $0 |
| Total functional expenses | $404,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $347,335 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,313 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $364,648 |
| Accounts payable and accrued expenses | $10,339 |
| Grants payable | $0 |
| Deferred revenue | $925 |
| 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 | $284,905 |
| Total liabilities | $296,169 |
| Net assets without donor restrictions | $68,479 |
| 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 | $364,648 |
Grants Awarded
Over the last fiscal year, Flywheel Social Enterprise Hub has awarded $42,667 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE OCEAN SOLIDS LLC PURPOSE: program related | $10,000 |
CARBON HARVEST LLC PURPOSE: program related | $10,000 |
Cincinnati, OH PURPOSE: program related | $10,000 |
RESPONSIBLE PRODUCTS LIMITED PURPOSE: program related | $6,667 |
MOWBOT OF CINCINNATI PURPOSE: program related | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Flywheel Social Enterprise Hub has recieved totaling $105,925.
| Awarding Organization | Amount |
|---|---|
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $15,400 |
United Way Of Greater Cincinnati Cincinnati, OH PURPOSE: Program Operating Cost | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $5,525 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Nonprofit Excellence Louisville, KY | $886,461 | $850,619 |
College And University Sustainability Project Inc Evansville, IN | $0 | $584,876 |
Flywheel Social Enterprise Hub Cincinnati, OH | $364,648 | $392,601 |
221b Collaborations Twinsburg, OH | $815 | $121,150 |
Tenderle Foundation Oxford, OH | $9,275 | $3,412 |