Arcade Innovation Hub Llc
- Assets
- $4.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 11
- Location
- Dayton, OH
- Founding
- 02/2020
- Data as of
- 12/2023
- EIN
- 82-5438705
Organization Overview
Arcade Innovation Hub Llc is located in Dayton, OH. The organization was established in 2020. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Arcade Innovation Hub Llc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arcade Innovation Hub Llc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE DAYTON REGION'S HUB FOR NEW VENTURE CREATION AND SOCIAL INNOVATION. IN TURN, CREATING A TRANSDISCIPLINARY SPACE AND PLACE FOR INNOVATORS TO ENGAGE WITH EACH OTHER AND THE RESOURCES AVAILABLE IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL PROGRAM SERVICE ACTIVITY RELATES TO PROVIDING WORKSPACES FOR ENTREPRENEURS. WE SERVE WORKSPACES FOR APPROXIMATELY 460 PEOPLE AND 160 COMPANIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent Lewis President | OfficerTrustee | 1 | $0 |
Andrew Horner Chair | OfficerTrustee | 1 | $0 |
Craig Jennings Vice Chair | OfficerTrustee | 1 | $0 |
Scott Koorndyk Treasurer | OfficerTrustee | 5 | $0 |
Nancy Mchugh Secretary | OfficerTrustee | 1 | $0 |
Trevor Collier Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sac-drc Master Tenant Llc Rents | 12/30/23 | $1,160,185 |
Datayard Information Technology | 12/30/23 | $110,888 |
The Entrepreneurs' Center Consulting | 12/30/23 | $162,256 |
Robinson's Janitorial And Floor Care Ser Janitorial | 12/30/23 | $110,093 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $347,701 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $497,701 |
| Total Program Service Revenue | $1,429,690 |
| Investment income | $8,312 |
| 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 | $1,940,403 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,912 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,249 |
| Fees for services: Management | $150,000 |
| Fees for services: Legal | $2,110 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $127,952 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $45,786 |
| Royalties | $0 |
| Occupancy | $232,600 |
| Travel | $4,901 |
| 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 | $362,892 |
| Insurance | $0 |
| All other expenses | $74,320 |
| Total functional expenses | $2,292,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $475,905 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,578 |
| 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 | $9,634 |
| Net Land, buildings, and equipment | $1,857,251 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,379,036 |
| Total assets | $4,742,404 |
| Accounts payable and accrued expenses | $47,219 |
| 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 | $3,173,858 |
| Total liabilities | $3,221,077 |
| Net assets without donor restrictions | $0 |
| 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 | $1,521,327 |
| Total liabilities and net assets/fund balances | $4,742,404 |