Impact Hub Houston is a 501c3 nonprofit organization that works alongside over 130 Impact hubs across 68+ countries to inspire, connect, and empower "changemakers" people working at the intersections of innovation and entrepreneurship for a more just and sustainable world to reach their full potential and thrive. IT designs and delivers entrepreneur and ecosystem acceleration, incubation, training and support programs, and facilitates capacity building, professional connections, and access to capital, to help these changemakers develop impactful solutions, launch startups, grow small businesses, create quality jobs, strengthen families and communities, and re-invest in their local economies to ultimately benefit the greater good.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$68K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $135K a year · 21% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$68K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $442K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$13K
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$261K
Spent
$261K
To programs
89%
Net assets
$22K
By yearFY2020–FY2025
Revenue
$261K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$261K
FY2021$258K
FY2022$438K
FY2023$491K
FY2024$1.8M
FY2025$566K
Expenses
$261K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$261K
FY2021$146K
FY2022$276K
FY2023$358K
FY2024$1.4M
FY2025$636K
Net assets
$22K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$22K
FY2021$134K
FY2022$296K
FY2023$429K
FY2024$987K
FY2025$917K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2019.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $233K Management & general 10% · $26K Fundraising 1% · $2K

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; $68K paid to officers and key staff.

Part VII, Section A · reportable compensation
Deputy Director
$33,985Pt VII · Sec A
CEO/Executive Director
$33,985Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Emeritus
$0Pt VII · Sec A

Grace Rodriguez’s $140K as CEO is at the 96th percentile of top reported officer pay among 2168 $100K–1M human services 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 · 2 named individuals · Part VII

NameFY2025FY2023FY2022FY2021FY2020
Grace Rodriguez$139,909$68,948$59,260$52,750$33,985
Michelle Avalos$119,909$63,690$57,193$52,750$33,985

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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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 15aYes

Programs and updates

Empowers changemakers and entrepreneurs to create sustainable, scalable solutions.

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Provided by the organization

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3 programs · $162K · in their own filed words · FY2020
01

Greentown Labs

Preapproved Grant Fiscal Sponsorship Project. Funds received used for the expansion of Greentown Labs to Houston, launching Greentown Houston to advance cleanteach entrepreneurship and serve sustainable startups.

$115Kprogram expense
02

Life Fund

To help local restaurants and food vendors survive the coronavirus COVID-19 pandemic, while also making sure our healthcare workers and first responders were getting good, hot meals. NextSeed and Impact Hub Houston partnered to launch the Local Impact Food & Entrepreneurship (LIFE) Fund. Over 1500 meals to Houston's healthcare heroes!

$27Kprogram expense
03

Texas Female Founders Day

Preapproved Grant Fiscal Sponsorship Project. Watch Her Work and GotSpot, Inc. worked together on an activitation called "Texas Female Founders Day and Ford Female Founder Labs." The program consisted of an activation in Austin, Texas, March 12-18, 2020, during SXSW to provide education, networking, and opportunity to selected female…

$20Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 10 grants · $271K · 2022–2025
Adidas Community Lab Is a Program of Adidas AmericFY2025$11,151
Magnolia Fund Htx LLCFY2025$5,060
Energy Tech Nexus HoustonFY2024$125,000
Magnolia Fund Htx LLCFY2024$8,900
Impact Unusual INCMA · FY2024$5,400
Little Red Box LLCFY2023$41,360
Eyf Earn Your FreedomFY2023$7,982
Little Red Box LLCFY2022$51,987
Tech Fest LiveTX · FY2022$8,326
Equiliberty INCFY2022$5,850

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$261K
Ln 12
Gifts and grantsLn 1h$247K
Fees for servicesLn 2g$14K
Other incomeLn 4–11$148
Money outPt IX
$261K
Ln 25
Programscol B$233K
Managementcol C$26K
Fundraisingcol D$2K
Owns and owesPt X
$22K
net assets · Ln 32
Cash and savingsLn 1–2$36K
Total assetsLn 16$36K
LiabilitiesLn 26$13K
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$247K
Fees for servicesLn 2g$14K
Other incomeLn 4–11$148
Total revenueLn 12$261K
Assets in detailPt X, end of year
CashLn 1$36K
Cash and savings togetherLn 1–2$36K
Total assetsLn 16$36K
LiabilitiesLn 26$13K
Net assetsLn 32$22K
OperationsPt I, VI
EmployeesI 52
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$22K$36K
Total assetsLn 16$22K$36K
LiabilitiesLn 26$0$13K
Net assetsLn 32$22K$22K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$65K$54K$11K$0
Payroll taxesLn 10$16K$13K$3K$0
Accounting feesLn 11c$520$0$520$0
Professional fundraising feesLn 11e$600$600
Advertising and promotionLn 12$576$0$576$0
Office expensesLn 13$9K$0$9K$0
TravelLn 17$2K$0$0$2K
Conferences, conventions and meetingsLn 19$32$0$32$0
Other expenses (24a–d)Ln 24$168K$166K$2K$0
Total functional expensesLn 25$261K$233K$26K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $566K$636K−$70K$917K 990 PDF
FY2024 $1.8M$1.4M$471K$987K 990 PDF
FY2023 $491K$358K$133K$429K 990 PDF
FY2022 $438K$276K$162K$296K 990 PDF
FY2021 $258K$146K$112K$134K 990 PDF
FY2020 Viewing $261K$261K$43$22K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $260,662 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $56,159$246,949
I-9 Program service revenuePrior year $18,716$13,565
I-10 Investment incomePrior year $5,218$0
I-11 Other revenue$148
I-12 Total revenuePrior year $80,093$260,662
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $30,909$80,440
I-16a Professional fundraising feesPrior year $5,050$600
I-17 Other expensesPrior year $24,056$179,579
I-18 Total expensesPrior year $60,015$260,619
I-19 Revenue less expensesPrior year $20,078$43
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $260,662 across 6 lines filed
VIII-1b Membership dues$13,601
VIII-1f All other contributions, gifts and grants$233,348
VIII-1h Total contributions, gifts and grants$246,949
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$13,565
VIII-6 Net rental income or lossUnrelated business $148$148
VIII-12 Total revenueRelated to mission $13,565 · Unrelated business $148 · Excluded from tax $0$260,662
Part IX · Statement of functional expenses $260,619 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $53,627 · Management $10,984 · Fundraising $0$64,611
IX-10 Payroll taxesPrograms $13,138 · Management $2,691 · Fundraising $0$15,829
IX-11c Accounting feesPrograms $0 · Management $520 · Fundraising $0$520
IX-11e Professional fundraising feesFundraising $600$600
IX-12 Advertising and promotionPrograms $0 · Management $576 · Fundraising $0$576
IX-13 Office expensesPrograms $0 · Management $8,999 · Fundraising $0$8,999
IX-17 TravelPrograms $0 · Management $0 · Fundraising $1,503$1,503
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $32 · Fundraising $0$32
IX-24 Other expenses (24a–d)Programs $165,793 · Management $2,156 · Fundraising $0$167,949
IX-25 Total functional expensesPrograms $232,558 · Management $25,958 · Fundraising $2,103$260,619
Part X · Balance sheet $35,524 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $21,906$35,524
X-16 Total assetsStart of year $21,906$35,524
X-26 Total liabilitiesStart of year $0$13,250
X-27 Net assets without donor restrictionsStart of year $21,906$22,274
X-32 Total net assets or fund balancesStart of year $21,906$22,274
X-33 Total liabilities and net assetsStart of year $21,906$35,524
Part XI · Reconciliation of net assets $22,274 net assets at year end
XI-1 Total revenue$260,662
XI-2 Total expenses$260,619
XI-3 Revenue less expenses$43
XI-4 Net assets at start of year$21,906
XI-10 Net assets at end of year$22,274

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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