Fund for Ucap FY2020 filing

Tax-deductible

Providence, RI501(c)(3)Since 2008EducationEIN 26-0656828

This page gets seen. Tell your story. Claim this org.

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.
32¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
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
3 of 5
filings with a surplus
Average surplus $43K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
32%
of spending
Concern: 32% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
70 mo
of spending, in cash
Looks good: 70.4 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
$4K
0.08% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 18 voting members
Looks good: 17 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$507K
Spent
$217K
To programs
32%
Net assets
$4.8M
By yearFY2020–FY2024
Revenue
$507K
FY2020
Revenue by fiscal year
FY2020$507K
FY2021$525K
FY2022$395K
FY2023$285K
FY2024$1.2M
FY2024$1.1M
Expenses
$217K
FY2020
Expenses by fiscal year
FY2020$217K
FY2021$280K
FY2022$298K
FY2023$626K
FY2024$1.3M
FY2024$1.1M
Net assets
$4.8M
FY2020
Net assets by fiscal year
FY2020$4.8M
FY2021$5.1M
FY2022$4.2M
FY2023$5.1M
FY2024$5.0M
FY2024$4.9M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2007.

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

Where the money goes

32 cents of each dollar spent went to programs.

Program services 32% · $69K Management & general 13% · $29K Fundraising 55% · $119K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

18 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$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
See Fund for Ucap executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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

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

Provided by the organization

Know this organization? Claim it to add your story

1 program · $69K · in their own filed words · FY2019
01

The fund enhances the flexibility of thoughtful individuals to raise and manage funds to benefit urban collaborative and its students.

$69Kprogram 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 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$507K
Ln 12
Gifts and grantsLn 1h$493K
Investment incomeLn 3$15K
Money outPt IX
$217K
Ln 25
Programscol B$69K
Managementcol C$29K
Fundraisingcol D$119K
Owns and owesPt X
$4.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$4.8M
LiabilitiesLn 26$4K
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$493K
Fundraising eventsLn 1c$17K
Investment incomeLn 3$15K
Total revenueLn 12$507K
Assets in detailPt X, end of year
CashLn 1$1.3M
Cash and savings togetherLn 1–2$1.3M
InvestmentsLn 11–13$3.4M
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$4.8M
LiabilitiesLn 26$4K
Net assetsLn 32$4.8M
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 FY20End FY20
Cash and savingsLn 1–2$1.9M$1.3M
InvestmentsLn 11–13$2.4M$3.4M
Land, buildings, equipmentLn 10c$3K$3K
Total assetsLn 16$4.5M$4.8M
LiabilitiesLn 26$10K$4K
Net assetsLn 32$4.5M$4.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$28K$28K
Other salaries and wagesLn 7$81K$81K
Accounting feesLn 11c$9K$4K$6K
Other fees for servicesLn 11g$27K$11K$16K
Advertising and promotionLn 12$45$5$40
Office expensesLn 13$17K$3K$13K
OccupancyLn 16$4K$4K
Conferences, conventions and meetingsLn 19$5K$5K
InsuranceLn 23$2K$2K$98
Other expenses (24a–d)Ln 24$44K$41K$3K
Total functional expensesLn 25$217K$69K$29K$119K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
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 Viewing $507K$217K$290K$4.8M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2020 990 (5 parts)
Part I · Summary $507,423 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $610,888$492,876
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $27,739$14,547
I-11 Other revenuePrior year $27,982$0
I-12 Total revenuePrior year $666,609$507,423
I-13 Grants and similar amounts paidPrior year $63,563$28,336
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $58,782$80,751
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $156,487$108,052
I-18 Total expensesPrior year $278,832$217,139
I-19 Revenue less expensesPrior year $387,777$290,284
Part VIII · Statement of revenue $507,423 across 6 lines filed
VIII-1c Fundraising events$17,000
VIII-1f All other contributions, gifts and grants$475,876
VIII-1h Total contributions, gifts and grants$492,876
VIII-3 Investment incomeExcluded from tax $14,547$14,547
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $14,547$507,423
Part IX · Statement of functional expenses $217,139 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $28,336$28,336
IX-7 Other salaries and wagesFundraising $80,751$80,751
IX-11c Accounting feesManagement $3,720 · Fundraising $5,580$9,300
IX-11g Other fees for servicesManagement $10,871 · Fundraising $16,307$27,178
IX-12 Advertising and promotionManagement $5 · Fundraising $40$45
IX-13 Office expensesManagement $3,336 · Fundraising $13,344$16,680
IX-16 OccupancyManagement $4,059$4,059
IX-19 Conferences, conventions and meetingsManagement $4,597$4,597
IX-23 InsuranceManagement $2,347 · Fundraising $98$2,445
IX-24 Other expenses (24a–d)Programs $40,958 · Fundraising $2,790$43,748
IX-25 Total functional expensesPrograms $69,294 · Management $28,935 · Fundraising $118,910$217,139
Part X · Balance sheet $4,830,919 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,886,312$1,273,158
X-3 Pledges and grants receivableStart of year $256,970$154,470
X-9 Prepaid expenses and deferred chargesStart of year $50$50
X-10c Land, buildings and equipment, netStart of year $2,670$2,670
X-13 Program-related investmentsStart of year $2,400,571$3,400,571
X-16 Total assetsStart of year $4,546,573$4,830,919
X-17 Accounts payable and accrued expensesStart of year $9,578$3,640
X-26 Total liabilitiesStart of year $9,578$3,640
X-27 Net assets without donor restrictionsStart of year $3,610,844$4,827,279
X-28 Net assets with donor restrictionsStart of year $926,151$0
X-32 Total net assets or fund balancesStart of year $4,536,995$4,827,279
X-33 Total liabilities and net assetsStart of year $4,546,573$4,830,919
Part XI · Reconciliation of net assets $4,827,279 net assets at year end
XI-1 Total revenue$507,423
XI-2 Total expenses$217,139
XI-3 Revenue less expenses$290,284
XI-4 Net assets at start of year$4,536,995
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,827,279

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.