Urise Ventures INC

Tax-deductible

Hartford, CT501(c)(3)EducationEIN 82-2053282

As the only community technology and entrepreneurship incubator in New England for urban youth and their families, were proudly a mult cultural, multi generational, youth centered, and expert led community nonprofit organization.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 20 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
2 of 3
filings with a surplus
Average surplus $18K a year · 9% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$242K
+60% vs prior year
Spent
$221K
To programs
83%
Net assets
$41K
By yearFY2022–FY2024
Revenue
$242K
FY2024▲ +60%
Revenue by fiscal year
FY2022$191K
FY2023$151K
FY2024$242K
Expenses
$221K
FY2024▲ +27%
Expenses by fiscal year
FY2022$135K
FY2023$174K
FY2024$221K
Net assets
$41K
FY2024▲ +111%
Net assets by fiscal year
FY2022$66K
FY2023$19K
FY2024$41K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Exemption reinstated (2020-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Mar 2021.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $183K Management & general 12% · $27K Fundraising 5% · $11K

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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Urise Ventures INC 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

Empowers urban youth and families with technology and entrepreneurship skills.

Provided by the organization

This section is blank until Urise Ventures INC claims this page.

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3 program services account for $140K of program spending, described in the organization's own filed words · FY2024.
01

Omni print plus is a program dedicated to providing high school youth with job-readiness and career development knowledge, skills and experiences. Through an experiential learning model, aspiring young creatives and entrepreneurs from local high schools are prepared and positioned for entry-level technical and administrative positions in…

$81Kprogram expense
02

Teenpreneurs | youth innovation and entrepreneurship programour program for high school youth ages 14-19, and opportunity youth, ages 16 through 24, are offered after school hours as a school to career enrichment program and during school as a work-based learning program.

$37Kprogram expense
03

Kidpreneurs | youth innovation and entrepreneurship programour program for middle school students ages 10-14 in grades 5-8 is offered during school hours in coordination with science and technology departments to provide students with an enriching hands-on experience in product development and opportunity recognition.

$22Kprogram 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 · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$7K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$242K
Ln 12
Fees for servicesLn 2g$213K
Gifts and grantsLn 1h$29K
Money outPt IX
$221K
Ln 25
Programscol B$183K
Managementcol C$27K
Fundraisingcol D$11K
Owns and owesPt X
$41K
net assets · Ln 32
Cash and savingsLn 1–2$41K
Total assetsLn 16$42K
LiabilitiesLn 26$2K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$29K
Fees for servicesLn 2g$213K
Total revenueLn 12$242K
Assets in detailPt X, end of year
CashLn 1$41K
Cash and savings togetherLn 1–2$41K
Land, buildings, equipmentLn 10c$715
Other assetsLn 15$1K
Total assetsLn 16$42K
LiabilitiesLn 26$2K
Net assetsLn 32$41K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$19K$41K
Land, buildings, equipmentLn 10c$9K$715
Total assetsLn 16$27K$42K
LiabilitiesLn 26$8K$2K
Net assetsLn 32$19K$41K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$76K$54K$15K$8K
Other salaries and wagesLn 7$56K$56K
Payroll taxesLn 10$9K$7K$1K$542
Accounting feesLn 11c$9K$1K$7K$96
Other fees for servicesLn 11g$23K$23K$95
Advertising and promotionLn 12$40$40
Office expensesLn 13$7K$5K$2K$78
Information technologyLn 14$1K$682$384$24
OccupancyLn 16$27K$19K$5K$2K
TravelLn 17$23$23
Conferences, conventions and meetingsLn 19$237$127$110
Depreciation, depletion and amortizationLn 22$8K$7K$402$402
InsuranceLn 23$4K$3K$369$111
Other expenses (24a–d)Ln 24$1K$6K−$5K
Total functional expensesLn 25$221K$183K$27K$11K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $242K$221K$21K$41K 990 PDF
FY2023 $151K$174K−$23K$19K 990 PDF
FY2022 $191K$135K$56K$66K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $242,075 across 4 lines filed
Lines not itemized here account for $25,000 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$28,852
VIII-1h Total contributions, gifts and grants$28,852
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $188,223$188,223
VIII-12 Total revenueRelated to mission $213,223 · Unrelated business $0 · Excluded from tax $0$242,075
Part IX · Statement of functional expenses $220,697 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $53,511 · Management $15,288 · Fundraising $7,644$76,443
IX-7 Other salaries and wagesPrograms $55,625$55,625
IX-10 Payroll taxesPrograms $7,100 · Management $1,026 · Fundraising $542$8,668
IX-11c Accounting feesPrograms $1,375 · Management $7,203 · Fundraising $96$8,674
IX-11g Other fees for servicesPrograms $23,044 · Management $95$23,139
IX-12 Advertising and promotionManagement $40$40
IX-13 Office expensesPrograms $4,861 · Management $1,957 · Fundraising $78$6,896
IX-14 Information technologyPrograms $682 · Management $384 · Fundraising $24$1,090
IX-16 OccupancyPrograms $19,476 · Management $4,796 · Fundraising $2,435$26,707
IX-17 TravelManagement $23$23
IX-19 Conferences, conventions and meetingsPrograms $127 · Management $110$237
IX-22 Depreciation, depletion and amortizationPrograms $7,239 · Management $402 · Fundraising $402$8,043
IX-23 InsurancePrograms $3,207 · Management $369 · Fundraising $111$3,687
IX-24 Other expenses (24a–d)Programs $6,325 · Management −$4,900$1,425
IX-25 Total functional expensesPrograms $182,572 · Management $26,793 · Fundraising $11,332$220,697
Part X · Balance sheet $42,426 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $18,709$40,711
X-10c Land, buildings and equipment, netStart of year $8,758$715
X-15 Other assetsStart of year $0$1,000
X-16 Total assetsStart of year $27,467$42,426
X-25 Other liabilitiesStart of year $8,151$1,732
X-26 Total liabilitiesStart of year $8,151$1,732
X-32 Total net assets or fund balancesStart of year $19,316$40,694
X-33 Total liabilities and net assetsStart of year $27,467$42,426
Part XI · Reconciliation of net assets $40,694 net assets at year end
XI-1 Total revenue$242,075
XI-2 Total expenses$220,697
XI-3 Revenue less expenses$21,378
XI-4 Net assets at start of year$19,316
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$40,694

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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