Hubweek Inc
- Assets
- $966.6k
- Revenue
- $899.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- Data as of
- 12/2021
- EIN
- 84-2151766
Organization Overview
Hubweek Inc is located in Boston, MA. According to its NTEE Classification (S19) the organization is classified as: Support N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hubweek Inc 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, Hubweek Inc generated $899.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (26.7%) each year. All expenses for the organization totaled $125.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (63.9%) per year over the past 3 years. 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
HUBWEEK, INC. IS AN ORGANIZATION DEDICATED TO IGNITING AND UNLEASHING THE POTENTIAL OF BOSTON. WE GUIDE THE DOERS, DREAMERS, AND MAKERS THAT DEFINE WHO WE ARE AS A CITY AND WHAT OUR FUTURE WILL BE. OUR PURPOSE IS TO HELP BUILD A BETTER FUTURE FOR THE CITY OF BOSTON. HUBWEEK, INC. CREATES AND CURATES EVENTS, PROGRAMMING, AND CONTENT WITH THE GOAL OF BULDING COMMUNITY AND EDUCATING THE PUBLIC ON DEVELOPMENTS AND OPPORTUNITIES AT THE INTERSECTION OF ART, SCIENCE AND TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUBWEEK IS AN EXPERIMENT IN COLLABORATION, CELEBRATION, AND COMMUNITY. THROUGHOUT THE YEAR AT HUBWEEK EVENTS, SMART AND CREATIVE PEOPLE COME TOGETHER TO SHARE THEIR WORK WITH EACH OTHER, THEIR NEIGHBORS, AND THE WORLD.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Walsh Treasurer/ Clerk | OfficerTrustee | 2 | $0 |
Linda Pizzuti Henry President | OfficerTrustee | 1 | $0 |
Kathleen Kennedy Director | Trustee | 1 | $0 |
Timothy Gregg Ferris Director | Trustee | 1 | $0 |
Brian Mcgrory Director | Trustee | 1 | $0 |
Margaret E Newell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $149,324 |
| All other contributions, gifts, grants, and similar amounts not included above | $750,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $899,324 |
| Total Program Service Revenue | $0 |
| Investment income | $99 |
| 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 | $899,423 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $550 |
| Fees for services: Accounting | $17,629 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,521 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $398 |
| 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 | $0 |
| Insurance | $105 |
| All other expenses | $0 |
| Total functional expenses | $125,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,192 |
| Savings and temporary cash investments | $299,364 |
| Pledges and grants receivable | $500,000 |
| 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 | $966,556 |
| Accounts payable and accrued expenses | $4,750 |
| 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 | $1,216,979 |
| Total liabilities | $1,221,729 |
| Net assets without donor restrictions | -$255,173 |
| 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 | $966,556 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hubweek Inc has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
Mass General Brigham Incorporated And Affiliates Group Rtn Somerville, MA PURPOSE: COMMUNITY BENEFIT PROGRAM | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ted Foundation Inc New York, NY | $82,825,056 | $86,531,507 |
National Elevator Industry Educational Program Attleboro Falls, MA | $187,712,359 | $37,822,732 |
Building 77 Qalicb Inc Brooklyn, NY | $189,975,269 | $15,386,005 |
Ascend Foundation Inc New York, NY | $4,154,499 | $2,910,361 |
Ownership Works Inc New York, NY | $21,261,059 | $21,548,708 |
Upstate Venture Connect Corporation Little Falls, NY | $121,861 | $277,504 |
Beautiful Trouble Inc New York, NY | $258,057 | $346,876 |
Hubweek Inc Boston, MA | $966,556 | $899,423 |
Montague Reporter Incorporated Turners Falls, MA | $1,274 | $0 |
Lonsdale Ave Support Corporation New York, NY | $1,762,980 | $73,546 |
Long Island Tax Angels Inc Cedarhurst, NY | $48,461 | $38,023 |
Wellesley Community Center Inc Wellesley, MA | $1,368,632 | -$271,142 |