Emerge Innovation Hub
- Assets
- $114.8k
- Revenue
- $152.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Benton Harbor, MI
- Founding
- Data as of
- 12/2022
- EIN
- 88-3098386
Organization Overview
Emerge Innovation Hub is located in Benton Harbor, MI. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, 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. Emerge Innovation Hub 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EMERGE EXISTS TO SUPPORT DIVERSE COMMUNITIES BY EMPOWERING HISTORICALLY UNDER RESOURCED AND UNDERREPRESENTED ENTREPRENEURS TO START AND RUN THEIR BUSINESSES IN SOUTHWEST MICHIGAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENTREPRENEURIAL SUPPORT - IS A COALITION OF ORGANIZATIONS AND INSTITUTIONS FOCUSED ON THE ECONOMIC TRANSFORMATION OF URBAN COMMUNITIES (ESPECIALLY COMMUNITIES OF COLOR) RAVAGED BY POVERTY AND A LACK OF EQUITABLE SUPPORT AND RESOURCES. THE HUB SEEKS TO DEVELOP AN ECOSYSTEM OF ENTREPRENEURS, ENTREPRENEURIAL ORGANIZATIONS, FINANCIAL INSTITUTIONS, BUSINESSES, CORPORATIONS, AND BUSINESS LEADERS THAT ENCOURAGES COLLABORATION AND PARTNERSHIP. WITHIN THIS ENDEAVOR, THE HUB'S ECOSYSTEM ASSISTS EMERGING AND EXPERIENCED ENTREPRENEURS AND ORGANIZATIONAL LEADERS DEVELOP SUSTAINABLE BUSINESS MODELS THAT FOSTER 1) PROPER BUSINESS/ORGANIZATIONAL STRUCTURE, 2) REVENUE GROWTH, AND 3) CUSTOMER SATISFACTION. THE HUB'S STAFF AND PARTNERS PROVIDE TECHNICAL ASSISTANCE TO ENTREPRENEURS THROUGH PERSONAL COACHING, RESOURCING SHARING, AND MENTORSHIP. THE GOAL OF THESE SERVICES IS TO OFFER ENTREPRENEURS 1) EQUITABLE SERVICES 2) ACCESS TO MICROLENDING AND FUNDING, AND 3) ACCESS TO CLIENTS AND CUSTOMERS TO ENHANCE THEIR BUSINESS OUTPUTS AND GROWTH.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Robinson CEO & Director | OfficerTrustee | 10 | $0 |
Todd Gustafson Chair | OfficerTrustee | 1 | $0 |
Scott Dorfman Secretary | OfficerTrustee | 1 | $0 |
Lewis Scott Vice-Chair | OfficerTrustee | 1 | $0 |
Alexis Harris Treasurer | OfficerTrustee | 1 | $0 |
Alexandre Czesnat Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $152,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,500 |
| Total Program Service Revenue | $0 |
| 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 | $152,500 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,857 |
| Advertising and promotion | $575 |
| Office expenses | $4 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,970 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,646 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $394 |
| All other expenses | $0 |
| Total functional expenses | $37,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $114,798 |
| Total assets | $114,798 |
| 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 | $114,798 |
| 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 | $114,798 |