Mhub
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Accelerates physical product startups by providing prototyping resources, mentorship, and corporate partnerships to bring breakthrough hardtech and manufacturing innovations to market. For fiscal year 2024 it reported $9.6M in revenue, $10.9M in expenses, and $7.9M in net assets.Pt I
Summary of the Filing
Where the work happens
Innovation Center
A shared workspace community, within mhub, of product designers, developers, entreneurs, engineers and manufacturers who create breakthrough products in robotics, connected devices, sensors, energy tech, unmanned vehicles and other cutting-edge innovations by providing the right resources, mentorship, and access to manufacturing industry…
Hardtech Development Services (mhub Hd)
Mhub HD accelerates product development by connecting talented, innovative and eager entrepreneurs and startups with established manufacturers and industry leaders. Mhub engages with clients in many ways and various timelines within the development process from ideation to final product.
Mhub Accelerator
Mhub's accelerator program is a six-month program that pairs 8 - 10 demand-driven physical product startups from across the country with corporate leaders and investors for an intensive accelerator program including product development and prototyping, mentorship, business curriculum, and piloting.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Haven Allen’s $519K as Chief Executive Officer & President is at the 96th percentile of top reported officer pay among 2834 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Haven Allen | $518,833 | $272,543 | $327,565 | $294,301 | — |
| Manas Mehandru | $361,768 | $223,956 | $250,304 | $218,246 | — |
| Melissa Lederer | $290,902 | $217,319 | $249,182 | $219,309 | — |
| Haven Allen | — | — | — | — | $271,101 |
| Manas Mehandru | — | — | — | — | $197,939 |
| Melissa Lederer | — | — | — | — | $191,372 |
| Thierry Van Landegem | $185,484 | $175,630 | $178,176 | — | — |
| William Fienup | $177,821 | $174,388 | $142,925 | $125,696 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 58% | — | — |
| Overhead ratio | 31% | — | — |
| Fundraising cost ratio | 44% | — | — |
| Revenue growth | -49% | — | — |
| Accounting fee ratio | 1% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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