East End Maker Hub Qalicb Inc
- Assets
- $35.9m
- Revenue
- $892.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- Data as of
- 12/2022
- EIN
- 84-2743887
Organization Overview
East End Maker Hub Qalicb Inc is located in Houston, TX. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. East End Maker Hub Qalicb 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 12/2022, East End Maker Hub Qalicb Inc generated $892.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.6%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO 1) ACQUIRE AND HOLD TITLE TO PROPERTY LOCATED AT 6501 NAVIGATION BOULEVARD, HOUSTON, TEXAS, (PROJECT) 2) BORROW LOW-INTEREST RATE FUNDS FROM THIRD-PARTY LENDERS, 3) LEASE A PORTION OF THE PROJECT TO UPCDC (WHO SHALL SUBLEASE SUCH PORTION TO TXRX TO OPERATE OR LEASE AS OFFICE, RETAIL, AND OTHER ANCILLARY USES IN FURTHERANCE OF ITS STATED CHARITABLE PURPOSES) AND 4) LEASE THE REMAINING PORTION OF THE PROJECT TO EAST END MAKER HUB SPONSOR LLC, A TEXAS LIMITED LIABILITY COMPANY WHICH SHALL FURTHER SUBLEASE THE FACILITY IN ACCORDANCE WITH THE STATED CHARITABLE PURPOSES OF UPCDC AND TXRX. THE PURPOSES FOR ORGANIZING THE CORPORATION ARE TO PERFORM CHARITABLE PURPOSES WITHIN THE MEANING OF INTERNAL REVENUE CODE 501C3 SUPPORTING THE CHARITABLE PURPOSE OF URBAN PARTNERSHIP COMMUNITY DEVELOPMENT COPRORATION AND/OR TRANSMIT RECEIVE LABS, INC
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HUB IS INTENDED TO PROVIDE TXRX AND OTHER HOUSTON INNOVATORS WITH A STATE-OF-THE-ART MAKERSPACE AND MANUFACTURING CENTER, THE OPPORTUNITY TO EXPAND AND SCALE OPERATIONS AND TO CREATE POSITIVE ECONOMIC IMPACT FOR HOUSTON'S EAST END RESIDENTS. CONSTRUCTION ON THE HUB WAS COMPLETED IN 2021. THE EAST END MAKER HUB WILL GENERATE AN ESTIMATED $153 MILLION IN ANNUAL ECONOMIC IMPACT. INVESTING IN INNOVATION AND MANUFACTURING WILL DIVERSIFY HOUSTON'S ECONOMY, DECREASING DEPENDENCY ON A SINGLE INDUSTRY LIKE OIL AND GAS. THE MAKER HUB WILL STRENGTHEN HOUSTON'S EAST END COMMUNITY BY CREATING 400+ LOCAL JOBS DIRECTLY ALONG WITH 200 INDUCED JOBS ANNUALLY, PROVIDING THE AREA WITH LONG-TERM EMPLOYMENT, BUSINESS AND RETAIL OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Ezzell Board Member/president | OfficerTrustee | 1 | $0 |
Robert Trevino Pe Board Member | Trustee | 1 | $0 |
Sam Dike Board Member/secretary | OfficerTrustee | 1 | $0 |
Jeri Brooks Board Member/vice Presiden | OfficerTrustee | 1 | $0 |
Joshua Sanders Board Member | Trustee | 1 | $0 |
Stephan Fairfield Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $555,921 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $555,921 |
| Total Program Service Revenue | $337,000 |
| 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 | $892,921 |
| 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 | $0 |
| Fees for services: Accounting | $26,272 |
| 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 | $9,332 |
| 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 | $0 |
| Interest | $296,980 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,172,317 |
| Insurance | $15,008 |
| All other expenses | $0 |
| Total functional expenses | $1,519,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $398,697 |
| 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 | $34,764,944 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $768,804 |
| Total assets | $35,932,445 |
| 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 | $28,798,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,722,832 |
| Total liabilities | $30,520,832 |
| Net assets without donor restrictions | $5,411,613 |
| 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 | $35,932,445 |