Impact Hub Houston
- Assets
- $134.4k
- Revenue
- $258.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Houston, TX
- Founding
- 09/2019
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Impact Hub Houston generated $258.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 47.7% each year . All expenses for the organization totaled $146.2k during the year ending 12/2021. While expenses have increased by 34.5% per year over the past 3 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
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
ENTREPRENEUR EDUCATION: WORKFORCE SOLUTION FEMALE FOUNDER'S BOOTCAMP IN ENGLISH & SPANISH (APRIL 2021), FROST FEMALE FOUNDERS ACCELERATE MEMBERSHIP COHORT (MAY-JULY 2021), FINANCIAL STATEMENT WORKSHOPS, GROUP MENTORSHIP SESSIONS, OTHER EDUCATIONAL WORKSHOPS FOR ENTREPRENEURS
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 FOUR PROJECTS: (1) BUSINESS ECOSYSTEM ALLIANCE FOR MINORITIES & WOMEN, (2) LITTLE RED BOX GROCERY STORE, (3) THE BLACK MARKETING INITIATIVE, AND (4)SENIORCONNECT.
CODE FOR HOUSTON - BRINGS THE INTERSECTION OF IMPACT AND INNOVATION TO ADVANCE TECHNOLOGY, DATA, AND CIVIC ENGAGEMENT FOR COMMUNITY-LED SOLUTIONS AND EVIDENCE-BASED DECISION MAKING. HOSTED MONTHLY SDG-THEMED OPEN PROJECT NIGHTS, ANNUAL HACKATHON (SEPT), AND OUR ANNUAL CLIMATHON (OCTOBER).
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Avalos Director | OfficerTrustee | 40 | $52,750 |
Grace Rodriguez CEO | OfficerTrustee | 40 | $52,750 |
Erik Ibarra Director | OfficerTrustee | 2 | $0 |
Lee Mayfield Treasurer | OfficerTrustee | 2 | $0 |
Phillip Yates Chairman | OfficerTrustee | 2 | $0 |
Shiroy Aspandiar Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $20,292 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $205,541 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $239,083 |
| Total Program Service Revenue | $19,174 |
| Investment income | $11 |
| 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 | $258,268 |
| 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. | $98,300 |
| Compensation of current officers, directors, key employees. | $22,610 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,999 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,002 |
| Office expenses | $13,076 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $177 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $842 |
| All other expenses | $0 |
| Total functional expenses | $146,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,392 |
| 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 | $134,392 |
| 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 | $134,392 |
| 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 | $134,392 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Impact Hub Houston has recieved totaling $15,535.
| Awarding Organization | Amount |
|---|---|
Cynthia & Geo Mitchell Foundation The Woodlands, TX PURPOSE: LITTLE RED BOX GROCERY - PIVOT | $10,000 |
Houston Arts Alliance Houston, TX PURPOSE: BANF 2021 | $5,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $35 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Facility Management Association Inc Houston, TX | $10,467,447 | $11,488,228 |
International Facility Management Association Inc Houston, TX | $6,687,830 | $3,958,461 |
Louisiana Alliance Of Childrens Advocacy Centers New Orleans, LA | $1,201,827 | $2,137,025 |
Arkansas Advocates For Children And Families Little Rock, AR | $2,716,336 | $2,439,973 |
Bastrop County Cares Bastrop, TX | $511,857 | $1,292,345 |
The Bridge Amarillo, TX | $3,603,978 | $1,328,710 |
Association For Early Learning Leaders Austin, TX | $460,238 | $869,455 |
People Not Politicians Inc Oklahoma City, OK | $190,617 | $335,156 |
Casa Of South Texas Pleasanton, TX | $813,901 | $628,318 |
Our Voice Nuestra Voz New Orleans, LA | $1,675,067 | $1,850,356 |
Association Of Programs For Rural Independent Living Little Rock, AR | $618,186 | $657,803 |
Partnership For The Advancement & Immersion Of Refugees Houston, TX | $464,680 | $394,342 |