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Fund for Ucap

Tax-deductible

Providence, RI501(c)(3)Since 2008Education EIN 26-0656828Revenue $1.1M in FY2025

On file with the IRSucap.org75 Carpenter St, 02903-3004 · Providence, RITax-exempt since Oct 2007Publicly supported charity — 170(b)(1)(A)(vi)

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The Fund for Ucap ("Fund") supports at-risk youth from the urban core of RI by providing enrichment activities, after-school activities, and supplemental services not covered by tuition paid by state and local governments. The Fund also acquires, finances, develops and leases land a school building.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
Run by 16 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
3 of 6
filings with a surplus
Average surplus $28K a year · 4% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $187K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 17 voting members
Looks good: 16 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
-12% vs prior year
Spent
$1.1M
To programs
62%
Net assets
$4.9M
By yearFY2020–FY2025
Revenue
$1.1M
FY2025▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2020$507K
FY2021$525K
FY2022$395K
FY2023$285K
FY2024$1.2M
FY2025$1.1M
Expenses
$1.1M
FY2025▼ -14%
Tap a bar for its year
Expenses by fiscal year
FY2020$217K
FY2021$280K
FY2022$298K
FY2023$626K
FY2024$1.3M
FY2025$1.1M
Net assets
$4.9M
FY2025▼ -1.0%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.8M
FY2021$5.1M
FY2022$4.2M
FY2023$5.1M
FY2024$5.0M
FY2025$4.9M

From the FY2025 Form 990 (year ending June 2025) · 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: FY2025. IRS ruling in Oct 2007.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $701K Management & general 25% · $278K Fundraising 14% · $154K

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

18 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Lynn Prentiss
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Douglas Gray
Vice Chair
$0Pt VII · Sec A
Gib Conover
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ken Clauser
Board Member
$0Pt VII · Sec A
Bonnie Deblois
Board Member
$0Pt VII · Sec A
See Fund for Ucap 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

Raises and invests funds, and develops property, to support Urban Collaborative and its students.

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Provided by the organization

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1 program · $701K · in their own filed words · FY2024
01

The fund enhances the flexibility of thoughtful individuals to raise and manage funds to benefit urban collaborative and its students. The fund also acquires, finances, develops and leases land a school building.

$701Kprogram 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
The Rhode Island Community FoundationFY2024$115K
Donor Advised Charitable Giving INCFY2024$30K
Haffenreffer Family FundFY2024$20K
Ralph R Papitto and Barbara a Papitto Private Family FoundationFY2024$8K
National Philanthropic TrustFY2024$7K
United Way of Rhode Island INCFY2024$7K
Lincoln Financial Foundation INCFY2024$207
Total grants receivedfrom 7 funders$187K
See all 7 funders →
Grants paid · 5 grants · $858K · 2019–2024
Urban CollaborativeRI · FY2024$224,057
Urban CollaborativeRI · FY2023$253,057
Urban CollaborativeRI · FY2022$326,464
Urban CollaborativeRI · FY2020$26,336
Urban CollaborativeRI · FY2019$28,336

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$764K
Gifts and grantsLn 1h$310K
Investment incomeLn 3$19K
Money outPt IX
$1.1M
Ln 25
Programscol B$701K
Managementcol C$278K
Fundraisingcol D$154K
Owns and owesPt X
$4.9M
net assets · Ln 32
Cash and savingsLn 1–2$702K
Total assetsLn 16$6.2M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$310K
Fundraising eventsLn 1c$80K
Fees for servicesLn 2g$764K
Investment incomeLn 3$19K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$210K
SavingsLn 2$491K
Cash and savings togetherLn 1–2$702K
Land, buildings, equipmentLn 10c$5.3M
Other assetsLn 15$56K
Total assetsLn 16$6.2M
LiabilitiesLn 26$1.3M
Net assetsLn 32$4.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 616
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$762K$702K
Land, buildings, equipmentLn 10c$5.5M$5.3M
Total assetsLn 16$6.3M$6.2M
LiabilitiesLn 26$1.3M$1.3M
Net assetsLn 32$5.0M$4.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$224K$224K
Management feesLn 11a$26K$20K$7K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$41K$41K
Advertising and promotionLn 12$95K$15K$80K
Office expensesLn 13$9K$8K$1K
OccupancyLn 16$116K$116K
InterestLn 20$36K$36K
Depreciation, depletion and amortizationLn 22$229K$229K
InsuranceLn 23$76K$76K
Other expenses (24a–d)Ln 24$274K$94K$108K$72K
Total functional expensesLn 25$1.1M$701K$278K$154K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.1M$1.1M−$47K$4.9M 990 PDF
FY2024 $1.2M$1.3M−$75K$5.0M 990 PDF
FY2023 $285K$626K−$341K$5.1M 990 PDF
FY2022 $395K$298K$97K$4.2M 990 PDF
FY2021 $525K$280K$244K$5.1M 990 PDF
FY2020 $507K$217K$290K$4.8M 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 FY2025 990 (6 parts)
Part I · Summary $1,084,857 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $484,389$309,821
I-9 Program service revenuePrior year $755,435$764,057
I-10 Investment incomePrior year $5,638$19,164
I-11 Other revenuePrior year −$7,690−$8,185
I-12 Total revenuePrior year $1,237,772$1,084,857
I-13 Grants and similar amounts paidPrior year $253,057$224,057
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,059,765$908,275
I-18 Total expensesPrior year $1,312,822$1,132,332
I-19 Revenue less expensesPrior year −$75,050−$47,475
Part VI · Governance 16 of 17 board members independent, 1 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members16
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 $1,084,857 across 8 lines filed
VIII-1c Fundraising events$80,451
VIII-1f All other contributions, gifts and grants$229,370
VIII-1h Total contributions, gifts and grants$309,821
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $764,057$764,057
VIII-3 Investment incomeExcluded from tax $19,164$19,164
VIII-8 Net income from fundraising eventsExcluded from tax −$8,271−$8,271
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $86$86
VIII-12 Total revenueRelated to mission $764,143 · Unrelated business $0 · Excluded from tax $10,893$1,084,857
Part IX · Statement of functional expenses $1,132,332 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $224,057$224,057
IX-11a Management feesPrograms $19,708 · Management $6,788$26,496
IX-11b Legal feesManagement $5,792$5,792
IX-11c Accounting feesManagement $41,221$41,221
IX-12 Advertising and promotionPrograms $14,599 · Fundraising $80,418$95,017
IX-13 Office expensesPrograms $7,881 · Fundraising $1,284$9,165
IX-16 OccupancyManagement $115,617$115,617
IX-20 InterestPrograms $36,061$36,061
IX-22 Depreciation, depletion and amortizationPrograms $228,891$228,891
IX-23 InsurancePrograms $75,638$75,638
IX-24 Other expenses (24a–d)Programs $93,804 · Management $108,422 · Fundraising $72,151$274,377
IX-25 Total functional expensesPrograms $700,639 · Management $277,840 · Fundraising $153,853$1,132,332
Part X · Balance sheet $6,207,931 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $274,240$210,401
X-2 Savings and temporary cash investmentsStart of year $487,434$491,280
X-3 Pledges and grants receivableStart of year $53,845$22,751
X-4 Accounts receivableStart of year $15,700$53,454
X-9 Prepaid expenses and deferred chargesStart of year $3,540$80,704
X-10c Land, buildings and equipment, netStart of year $5,470,982$5,293,091
X-15 Other assetsStart of year $0$56,250
X-16 Total assetsStart of year $6,305,741$6,207,931
X-17 Accounts payable and accrued expensesStart of year $32,029$34,015
X-25 Other liabilitiesStart of year $65,317$76,762
X-26 Total liabilitiesStart of year $1,328,458$1,278,123
X-27 Net assets without donor restrictionsStart of year $4,852,283$4,804,808
X-28 Net assets with donor restrictionsStart of year $125,000$125,000
X-32 Total net assets or fund balancesStart of year $4,977,283$4,929,808
X-33 Total liabilities and net assetsStart of year $6,305,741$6,207,931
Part XI · Reconciliation of net assets $4,929,808 net assets at year end
XI-1 Total revenue$1,084,857
XI-2 Total expenses$1,132,332
XI-3 Revenue less expenses−$47,475
XI-4 Net assets at start of year$4,977,283
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,929,808

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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