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Arcade Innovation Hub LLC

Tax-deductible

Dayton, OH501(c)(3)EducationEIN 82-5438705Revenue $2.0M in FY2024

On file with the IRSthehubdayton.com31 S Main St, 45402-2070 · Dayton, OHTax-exempt since Feb 2020Supporting org, Type I — 509(a)(3)

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To be the dayton region's Hub for new venture creation and social Innovation. In turn, creating a transdisciplinary space and place for innovators to engage with each other and the resources available in the community.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Run by 75 volunteers and 15 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average surplus $238K a year · 12% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $250K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.8M
71% of total assets
Worth a look: liabilities are 71% of assets; over 65%.
Pt X · Ln 26
Independent board members
2
of 8 voting members
Worth a look: 2 of 8 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
+4% vs prior year
Spent
$2.4M
To programs
97%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$2.0M
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.3M
FY2021$1.5M
FY2022$1.9M
FY2023$1.9M
FY2024$2.0M
Expenses
$2.4M
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$7K
FY2021$1.7M
FY2022$2.0M
FY2023$2.3M
FY2024$2.4M
Net assets
$1.1M
FY2024▼ -25%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.3M
FY2021$2.1M
FY2022$1.9M
FY2023$1.5M
FY2024$1.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $2.3M Management & general 2% · $44K Fundraising 2% · $37K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Vincent Lewis
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Craig Jennings
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Nancy McHugh
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Gul Kremer
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Arcade Innovation Hub LLC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fosters new ventures and social innovation, connecting innovators with community resources.

Questions for Arcade Innovation Hub LLC

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Provided by the organization

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1 program · $2.3M · in their own filed words · FY2024
01

All program service activity relates to providing workspaces for entrepreneurs. We serve workspaces for approximately 460 people and 160 companies.

$2.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
University of DaytonFY2024$200K
Dayton-Miami Valley Entrepreneurs CenterFY2024$50K
Total grants receivedfrom 2 funders$250K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$1.6M
Gifts and grantsLn 1h$400K
Investment incomeLn 3$13K
Money outPt IX
$2.4M
Ln 25
Programscol B$2.3M
Managementcol C$44K
Fundraisingcol D$37K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$507K
Total assetsLn 16$4.0M
LiabilitiesLn 26$2.8M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$400K
Fees for servicesLn 2g$1.6M
Investment incomeLn 3$13K
Other incomeLn 4–11$7K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$507K
Cash and savings togetherLn 1–2$507K
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$1.9M
Total assetsLn 16$4.0M
LiabilitiesLn 26$2.8M
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 515
VolunteersI 675
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$476K$507K
Land, buildings, equipmentLn 10c$1.9M$1.5M
Total assetsLn 16$4.7M$4.0M
LiabilitiesLn 26$3.2M$2.8M
Net assetsLn 32$1.5M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$84K$84K
Payroll taxesLn 10$8K$8K
Management feesLn 11a$150K$150K
Accounting feesLn 11c$17K$17K
Other fees for servicesLn 11g$157K$120K$37K
Information technologyLn 14$39K$39K
OccupancyLn 16$135K$135K
TravelLn 17$2K$2K
Depreciation, depletion and amortizationLn 22$374K$374K
Other expenses (24a–d)Ln 24$1.3M$1.3M
All other expensesLn 24e$61K$19K$42K
Total functional expensesLn 25$2.4M$2.3M$44K$37K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.0M$2.4M−$358K$1.1M 990 PDF
FY2023 $1.9M$2.3M−$352K$1.5M 990 PDF
FY2022 $1.9M$2.0M−$160K$1.9M 990 PDF
FY2021 $1.5M$1.7M−$206K$2.1M 990 PDF
FY2020 $2.3M$7K$2.3M$2.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $2,013,813 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $497,701$400,000
I-9 Program service revenuePrior year $1,429,690$1,594,634
I-10 Investment incomePrior year $8,312$12,572
I-11 Other revenuePrior year $4,700$6,607
I-12 Total revenuePrior year $1,940,403$2,013,813
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $28,161$92,178
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,264,319$2,280,007
I-18 Total expensesPrior year $2,292,480$2,372,185
I-19 Revenue less expensesPrior year −$352,077−$358,372
Part VI · Governance 2 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members2
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,013,813 across 6 lines filed
VIII-1d Related organizations$400,000
VIII-1h Total contributions, gifts and grants$400,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,558,865 · Excluded from tax $35,769$1,594,634
VIII-3 Investment incomeExcluded from tax $12,572$12,572
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,607$6,607
VIII-12 Total revenueRelated to mission $1,565,472 · Unrelated business $0 · Excluded from tax $48,341$2,013,813
Part IX · Statement of functional expenses $2,372,185 across 11 lines filed
IX-7 Other salaries and wagesPrograms $84,269$84,269
IX-10 Payroll taxesPrograms $7,909$7,909
IX-11a Management feesPrograms $150,000$150,000
IX-11c Accounting feesPrograms $16,600$16,600
IX-11g Other fees for servicesPrograms $120,169 · Fundraising $36,709$156,878
IX-14 Information technologyPrograms $38,794$38,794
IX-16 OccupancyPrograms $134,574$134,574
IX-17 TravelManagement $2,376$2,376
IX-22 Depreciation, depletion and amortizationPrograms $374,002$374,002
IX-24 Other expenses (24a–d)Programs $1,346,111$1,346,111
IX-24e All other expensesPrograms $18,549 · Management $42,123$60,672
IX-25 Total functional expensesPrograms $2,290,977 · Management $44,499 · Fundraising $36,709$2,372,185
Part X · Balance sheet $3,973,166 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $475,905$506,899
X-4 Accounts receivableStart of year $20,578$10,801
X-9 Prepaid expenses and deferred chargesStart of year $9,634$0
X-10c Land, buildings and equipment, netStart of year $1,857,251$1,516,061
X-15 Other assetsStart of year $2,379,036$1,939,405
X-16 Total assetsStart of year $4,742,404$3,973,166
X-17 Accounts payable and accrued expensesStart of year $47,219$66,289
X-25 Other liabilitiesStart of year $3,173,858$2,759,771
X-26 Total liabilitiesStart of year $3,221,077$2,826,060
X-32 Total net assets or fund balancesStart of year $1,521,327$1,147,106
X-33 Total liabilities and net assetsStart of year $4,742,404$3,973,166
Part XI · Reconciliation of net assets $1,147,106 net assets at year end
XI-1 Total revenue$2,013,813
XI-2 Total expenses$2,372,185
XI-3 Revenue less expenses−$358,372
XI-4 Net assets at start of year$1,521,327
XI-9 Other changes in net assets−$15,849
XI-10 Net assets at end of year$1,147,106

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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