Arcade Innovation Hub Llc
- Assets
- $2.7m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 13
- Location
- Dayton, OH
- Founding
- 02/2020
- Data as of
- 12/2021
- EIN
- 82-5438705
Organization Overview
Arcade Innovation Hub Llc is located in Dayton, OH. The organization was established in 2020. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Arcade Innovation Hub Llc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arcade Innovation Hub Llc 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE DAYTON REGION'S HUB FOR NEW VENTURE CREATION AND SOCIAL INNOVATION. IN TURN, CREATING A TRANSDISCIPLINARY SPACE & PLACE FOR INNOVATORS TO ENGAGE WITH EACH OTHER AND THE RESOURCES AVAILABLE IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL PROGRAM SERVICE ACTIVITY RELATES TO PROVIDING WORKSPACES FOR ENTREPRENEURS, WE SERVE WORKSPACES FOR APPROXIMATELY 460 PEOPLE AND 160 COMPANIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D Scott Koorndyk Vice-President | Officer | 5 | $0 |
Vincent C Lewis President | Officer | 15 | $0 |
Martha Henderson-Hurley Director | Trustee | 1 | $0 |
Stacy Thompson Director | Trustee | 1 | $0 |
Trevor Collier Director | Trustee | 1 | $0 |
Andrew Horner Director/chairman | 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 | $652,923 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $652,923 |
| Total Program Service Revenue | $883,279 |
| 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 | $1,536,202 |
| 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 | $23,753 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,221 |
| Fees for services: Management | $230,699 |
| Fees for services: Legal | $4,905 |
| Fees for services: Accounting | $5,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,157,309 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $316,818 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,741,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,151 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $259,209 |
| 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 | $2,230,287 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,725,647 |
| Accounts payable and accrued expenses | $95,477 |
| 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 | $566,412 |
| Total liabilities | $661,889 |
| Net assets without donor restrictions | $0 |
| 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 | $2,063,758 |
| Total liabilities and net assets/fund balances | $2,725,647 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Arcade Innovation Hub Llc has recieved totaling $1,165,522.
| Awarding Organization | Amount |
|---|---|
University Of Dayton Dayton, OH PURPOSE: ORGANIZATIONAL SUPPORT | $1,165,522 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sruf Campus Housing Inc Slippery Rock, PA | $97,548,572 | $13,162,119 |
Euclid Avenue Development Corporation Cleveland, OH | $92,407,891 | $9,458,468 |
Michigan College Access Network Lansing, MI | $5,083,649 | $7,946,913 |
Columbus Learning Center Management Corporation Columbus, IN | $38,848,062 | $6,215,911 |
Marygrove Conservancy Detroit, MI | $74,090,632 | $9,035,851 |
Association Of Theological Schools Pittsburgh, PA | $47,043,534 | $8,843,777 |
Electronic Information Network Pittsburgh, PA | $3,863,971 | $4,949,753 |
University Of Cincinnati Research Institute Cincinnati, OH | $5,011,413 | $4,382,075 |
Fayette County Child Development Inc Oak Hill, WV | $1,256,000 | $4,245,853 |
Southeast South-Central Educational Cooperative Richmond, KY | $1,249,010 | $3,554,543 |
Beyond Basics Southfield, MI | $2,664,209 | $4,401,467 |
Frankford Valley Foundation For Literacy Ii Philadelphia, PA | $28,680,827 | $2,865,758 |