Fund for Ucap FY2021 filing

Tax-deductible

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

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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.
36¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
36%
of spending
Concern: 36% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
62 mo
of spending, in cash
Looks good: 62.4 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
$482
<0.01% of total assets
Looks good: liabilities are 0% 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
$525K
+3% vs prior year
Spent
$280K
To programs
36%
Net assets
$5.1M
By yearFY2020–FY2024
Revenue
$525K
FY2021▲ +3%
Revenue by fiscal year
FY2020$507K
FY2021$525K
FY2022$395K
FY2023$285K
FY2024$1.2M
FY2024$1.1M
Expenses
$280K
FY2021▲ +29%
Expenses by fiscal year
FY2020$217K
FY2021$280K
FY2022$298K
FY2023$626K
FY2024$1.3M
FY2024$1.1M
Net assets
$5.1M
FY2021▲ +5%
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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

36 cents of each dollar spent went to programs.

Program services 36% · $102K Management & general 19% · $52K Fundraising 45% · $126K

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

17 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 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 →

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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

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

Provided by the organization

This section is blank until Fund for Ucap claims this page.

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1 program service account for $102K of program spending, described in the organization's own filed words · FY2020.
01

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

$102Kprogram expense

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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 FY2021 990, line by line.

1The main four
Money inPt VIII
$525K
Ln 12
Gifts and grantsLn 1h$518K
Investment incomeLn 3$6K
Money outPt IX
$280K
Ln 25
Programscol B$102K
Managementcol C$52K
Fundraisingcol D$126K
Owns and owesPt X
$5.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$5.1M
LiabilitiesLn 26$482
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$518K
Fundraising eventsLn 1c$29K
Investment incomeLn 3$6K
Total revenueLn 12$525K
Assets in detailPt X, end of year
CashLn 1$1.5M
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$3.5M
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$47K
Total assetsLn 16$5.1M
LiabilitiesLn 26$482
Net assetsLn 32$5.1M
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 FY21End FY21
Cash and savingsLn 1–2$1.3M$1.5M
InvestmentsLn 11–13$3.4M$3.5M
Land, buildings, equipmentLn 10c$3K$3K
Total assetsLn 16$4.8M$5.1M
LiabilitiesLn 26$4K$482
Net assetsLn 32$4.8M$5.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$26K$26K
Other salaries and wagesLn 7$90K$90K
Legal feesLn 11b$230$230
Accounting feesLn 11c$10K$4K$6K
Other fees for servicesLn 11g$33K$13K$20K
Advertising and promotionLn 12$144$14$130
Office expensesLn 13$13K$3K$10K
OccupancyLn 16$12K$12K
Conferences, conventions and meetingsLn 19$18K$18K
InsuranceLn 23$2K$2K$98
Other expenses (24a–d)Ln 24$76K$76K$96
Total functional expensesLn 25$280K$102K$52K$126K

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 Viewing $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $524,636 across 6 lines filed
VIII-1c Fundraising events$29,000
VIII-1f All other contributions, gifts and grants$489,333
VIII-1h Total contributions, gifts and grants$518,333
VIII-3 Investment incomeExcluded from tax $6,303$6,303
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $6,303$524,636
Part IX · Statement of functional expenses $280,350 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $26,336$26,336
IX-7 Other salaries and wagesFundraising $89,560$89,560
IX-11b Legal feesManagement $230$230
IX-11c Accounting feesManagement $3,864 · Fundraising $5,796$9,660
IX-11g Other fees for servicesManagement $13,338 · Fundraising $20,007$33,345
IX-12 Advertising and promotionManagement $14 · Fundraising $130$144
IX-13 Office expensesManagement $2,551 · Fundraising $10,206$12,757
IX-16 OccupancyManagement $12,351$12,351
IX-19 Conferences, conventions and meetingsManagement $17,629$17,629
IX-23 InsuranceManagement $2,347 · Fundraising $98$2,445
IX-24 Other expenses (24a–d)Programs $75,797 · Fundraising $96$75,893
IX-25 Total functional expensesPrograms $102,133 · Management $52,324 · Fundraising $125,893$280,350
Part X · Balance sheet $5,072,047 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,273,158$1,457,286
X-3 Pledges and grants receivableStart of year $154,470$64,470
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-12 Other securities$100,000
X-13 Program-related investmentsStart of year $3,400,571$3,400,571
X-15 Other assetsStart of year $0$47,000
X-16 Total assetsStart of year $4,830,919$5,072,047
X-17 Accounts payable and accrued expensesStart of year $3,640$482
X-26 Total liabilitiesStart of year $3,640$482
X-27 Net assets without donor restrictionsStart of year $4,827,279$5,071,565
X-32 Total net assets or fund balancesStart of year $4,827,279$5,071,565
X-33 Total liabilities and net assetsStart of year $4,830,919$5,072,047
Part XI · Reconciliation of net assets $5,071,565 net assets at year end
XI-1 Total revenue$524,636
XI-2 Total expenses$280,350
XI-3 Revenue less expenses$244,286
XI-4 Net assets at start of year$4,827,279
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,071,565

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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