Union Development Corporation EIN 02-0683218 Form 990 (PDF) Claim this org

Union Development Corporation FY2023 filing

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Builds stronger, united communities through dialogue, events, youth programs, and education on racial relations. For fiscal year 2023 it reported $786K in revenue, $795K in expenses, and $503K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Dallas, TX
Website
www.projectunity.net
Filings
5 on file (2020–2023)
Revenue
$786KFY2023
Expenses
$795K
Net assets
$503K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  02-0683218 Public charity (501(c)(3)) Dallas, TX
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Builds stronger, united communities through dialogue, events, youth programs, and education on racial relations.
Leadership
Richie Butler · Director · $70K
Money in and out
$786K revenue, $795K expenses
Bottom line
72% program efficiency
Where the money goes · FY2023
Total revenue
$786K
Pt VIII · Ln 12
Total expenses
$795K
Pt IX · Ln 25
Net assets
$503K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$9K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.23 Fundraising $0.05
Program efficiency
72%
of spending reaches programs
Operating runway
8.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-1%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$786K
FY2023▼ -3%
Expenses
$795K
FY2023▲ +16%
Total assets
$535K
FY2023▼ -2%
Total liabilities
$32K
FY2023▼ -10%
Total revenue
$786K
Pt VIII · Ln 12
Total expenses
$795K
Pt IX · Ln 25
Net assets
$503K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$9K
Total assetsPt X · Ln 16$535K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CUnion Development Corporation
EINHdr · item D02-0683218
Principal addressHdr · item CDallas, TX
WebsiteHdr · item Jwww.projectunity.net
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P28)
Ruling yearIRS BMFNov 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$69,500Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Richie Butler’s $82K as Director is at the 74th percentile of top reported officer pay among 2164 $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 · 3 named individuals · Part VII

NameFY2024FY2023FY2021
Richie Butler$82,500$69,500$68,500
Charlene Edwards$78,250
William Morse JR$74,750

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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Mission & Programs · Part III

Where the work happens

3 program services account for $572K of program spending, described in the organization's own filed words · FY2023.
01

Together We Ball Activities ?Over 1,000 Patrons attended Camp, high school exhibition game, big game (record attendance) ?40 diverse students in grades 6th ? 8th from South Dallas, Pleasant Grove to Plano ?5 law enforcement agencies provided safety information and job opportunities ?3 non-profit partners showcased their agencies ?VIP…

$572Kprogram expense
02

General ?Moved into new office location ?65 INDIVIDUAL news media items published on 47 multi-media platforms. ?50 MILLION potential reach for unique listeners, viewers & visitors.

Pt IX · col B
03

Together We Learn Activities ?Trained 2,222 students ?13 School Campuses Participated

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants100%$786K
Total revenueLn 12$786K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.23 Fundraising $0.05
Program services72%$572K
Management & general23%$186K
Fundraising5%$37K
Total functional expensesLn 25$795K

Balance Sheet

Part X · end of year
CashLn 1$534K
Total assetsLn 16$535K
Total liabilitiesLn 26$32K
Total net assetsLn 32$503K
Months of cash on handcomputed8.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $534K · Operating expenses/yr $795K
8.1 months
Where the money goes
Program services
Program services $572K · Total expenses $795K
72%
Management & General
Management & general $186K · Total expenses $795K
23%
Fundraising
Fundraising $37K · Total expenses $795K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $27K · Solicited contributions (3-yr avg) $726K
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $786K · Total revenue $786K
100%
Government reliance
Government grants — · Total revenue $786K
Earned-income share
Program service revenue $0 · Total revenue $786K
0%
Investment reliance
Investment income $0 · Total revenue $786K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $795K
0%
Growth & trend
Revenue growth (YoY)
This year $786K · Prior year $810K
-3%
Net-asset trend (YoY)
End of year $503K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $786K · Expenses $795K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $535K
Net-asset ratio
Net assets $503K · Total assets $535K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $535K
0%
People & payroll
Highest Reported Total Compensation
Individual Richie Butler · Reported title Director · Highest reported compensation $70K · Total expenses $795K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $314K · Total expenses $795K
40%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 23%
Fundraising cost ratio 5%
Revenue growth -3%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.8%
Fundraising fee ratio 5%

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

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$86K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$864K revenue · ⤓ 990 PDF
FY2023$786K revenue · viewing · ⤓ 990 PDF
FY2022$810K revenue · ⤓ 990 PDF
FY2021$582K revenue · ⤓ 990 PDF
FY2020$710K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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