Impact Hub Houston
- Assets
- $296.5k
- Revenue
- $438.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Houston, TX
- Founding
- 09/2019
- Data as of
- 12/2022
- EIN
- 83-2379449
Organization Overview
Impact Hub Houston is located in Houston, TX. The organization was established in 2019. According to its NTEE Classification (P01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Human Services and related organizations. As of 12/2022, Impact Hub Houston employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impact Hub Houston 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 12/2022, Impact Hub Houston generated $438.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 52.9% each year . All expenses for the organization totaled $276.1k during the year ending 12/2022. While expenses have increased by 46.5% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRE, CONNECT, AND EMPOWER PEOPLE WORKING TO SOLVE SOCIAL PROBLEMS -- ESPECIALLY THOSE PROBLEMS AFFECTING HISTORICALLY UNDERSERVED AND UNDER-RESOURCED COMMUNITIES -- IN OUR CITY AND AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPACT HUB HOUSTON PROVIDES CONSULTING SUPPORT IN THREE KEY AREAS: ECOSYSTEM BUILDING, PROGRAMS DESIGN & DELIVERY, AND MARKETING & OUTREACH FOR COMMUNITY RELATED EFFORTS/RESOURCES. PROGRAMS SUPPORTED IN 2022 INCLUDE AARP DIGITAL SKILLS READY 50+, ADIDAS SOCIAL IMPACT ACCELERATOR, JPM CHASE FOUNDATION - EQUITABLE SMALL BUSINESS ECOSYSTEM DEVELOPMENT PILOT, AND LISC VERIZON SMALL BUSINESS DIGITAL READY. ECOSYSTEMS SUPPORTED IN 2022 INCLUDE BUSINESS ECOSYSTEM ALLIANCE FOR MINORITIES AND WOMEN (BEAMW) AND THE TEXAS SUSTAINABLE BUSINESS NETWORK (TXSBN).
FISCAL SPONSORSHIP PROGRAM -ALLOWS YOU TO APPLY FOR GRANTS AND ACCEPT DONATIONS WITHOUT HAVING TO LAUNCH YOUR OWN 501C3 NONPROFIT. IF YOUR PROJECT CREATES POSITIVE IMPACT AND ALIGNS WITH ANY OF THE UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS, IMPACT HUB CAN HELP FUND PROJECTS FOR THE COMMUNITY. SUPPORTED SIX PROJECTS: 1) LITTLE RED BOX GROCERY, 2) TECH FEST LIVE, 3) FREEDMAN'S FEST BY EQUILIBERTY, INC, 4) BEAMW 5) TXSBN, AND 6) AAPI VOICES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace Rodriguez CEO | OfficerTrustee | 40 | $59,260 |
Michelle Avalos Director | OfficerTrustee | 40 | $57,193 |
Phillip Yates Chairman | OfficerTrustee | 2 | $0 |
Erik Ibarra Secretary | OfficerTrustee | 2 | $0 |
Lee Mayfield Treasurer | OfficerTrustee | 2 | $0 |
Shiroy Aspandiar Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $21,029 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $319,526 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $340,555 |
| Total Program Service Revenue | $97,154 |
| Investment income | $476 |
| 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 | $438,185 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $80,663 |
| 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. | $116,427 |
| Compensation of current officers, directors, key employees. | $23,286 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,458 |
| Fees for services: Management | $20,698 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,626 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,934 |
| Office expenses | $20,481 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,791 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,534 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $966 |
| All other expenses | $0 |
| Total functional expenses | $276,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,468 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $296,468 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $296,468 |
| 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 | $296,468 |
Grants Awarded
Over the last fiscal year, Impact Hub Houston has awarded $66,163 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
EQUILIBERTY INC PURPOSE: FISCAL SPONSORSHIP GRANT | $5,850 |
LITTLE RED BOX LLC PURPOSE: FISCAL SPONSORSHIP GRANT | $51,987 |
TECH FEST LIVE PURPOSE: FISCAL SPONSORSHIP GRANT | $8,326 |