Urise Ventures INC FY2023 filing

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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.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-2053282) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
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
A surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
80%
of spending
80% of spending went to programs.
Pt IX · Ln 25 · col B
1.3 mo
of spending, in cash
1.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$8K
30% of total assets
Liabilities are 30% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$151K
-21% vs prior year
Spent
$174K
To programs
80%
Net assets
$19K
By yearFY2022–FY2024
Revenue
$151K
FY2023▼ -21%
Tap a bar for its year
Revenue by fiscal year
FY2022$191K
FY2023$151K
FY2024$242K
Expenses
$174K
FY2023▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2022$135K
FY2023$174K
FY2024$221K
Net assets
$19K
FY2023▼ -71%
Tap a bar for its year
Net assets by fiscal year
FY2022$66K
FY2023$19K
FY2024$41K

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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

80 cents of each dollar spent went to programs.

Program services 80% · $139K Management & general 14% · $25K Fundraising 6% · $10K

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

6 people listed on the 990.

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

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.

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3 programs · $98K · in their own filed words · FY2023
01

Kidpreneurs | youth entrepreneurship programour program for teens and young adults, ages 14-19, and opportunity youth, ages 16 through 24, are offered during after school hours as a school to career enrichment program for students interested in careers in business, digital media and technology

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-2053282) · Dispute this line
$48Kprogram expense
02

Teenpreneurs | teens and young adults entrepreneurship programour program for teens and young adults, ages 14-19, and opportunity youth, ages 16 through 24, are offered during after school hours as a school to career enrichment program for students interested in careers in business, digital media and technology

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-2053282) · Dispute this line
$32Kprogram expense
03

Getting Ahead

Financial empowerment programour "getting ahead in a just getting by world" workshop series is a financial literacy and financial empowerment program helps individuals struggling with financial instability receive the knowledge, guidance, and resources they need to address their financial situations and take action

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-2053282) · Dispute this line
$18Kprogram expense

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$151K
Ln 12
Fees for servicesLn 2g$168K
Gifts and grantsLn 1h$18K
Money outPt IX
$174K
Ln 25
Programscol B$139K
Managementcol C$25K
Fundraisingcol D$10K
Owns and owesPt X
$19K
net assets · Ln 32
Cash and savingsLn 1–2$19K
Total assetsLn 16$27K
LiabilitiesLn 26$8K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18K
Fees for servicesLn 2g$168K
Total revenueLn 12$151K
Assets in detailPt X, end of year
CashLn 1$19K
Cash and savings togetherLn 1–2$19K
Land, buildings, equipmentLn 10c$9K
Total assetsLn 16$27K
LiabilitiesLn 26$8K
Net assetsLn 32$19K
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 FY23End FY23
Cash and savingsLn 1–2$41K$19K
Land, buildings, equipmentLn 10c$17K$9K
Total assetsLn 16$59K$27K
LiabilitiesLn 26$17K$8K
Net assetsLn 32$42K$19K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$70K$56K$7K$7K
Other salaries and wagesLn 7$30K$30K
Payroll taxesLn 10$7K$6K$539$539
Accounting feesLn 11c$9K$5K$3K
Other fees for servicesLn 11g$15K$15K
Advertising and promotionLn 12$6K$2K$4K
Office expensesLn 13$9K$7K$2K$196
Information technologyLn 14$2K$906$834$64
OccupancyLn 16$12K$6K$4K$2K
TravelLn 17$2K$1K$726
Conferences, conventions and meetingsLn 19$2K$318$1K
Depreciation, depletion and amortizationLn 22$3K$3K$418$418
InsuranceLn 23$3K$2K$983$57
Other expenses (24a–d)Ln 24$5K$5K
Total functional expensesLn 25$174K$139K$25K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Oct 13, 2025 $242K$221K$21K$41K 990 PDF
FY2023 ViewingFiled with the IRS Aug 20, 2024 $151K$174K−$23K$19K 990 PDF
FY2022Filed with the IRS Mar 31, 2024 $191K$135K$56K$66K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $151,433 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $50,000$17,500
I-9 Program service revenuePrior year $180,006$168,200
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0−$34,267
I-12 Total revenuePrior year $230,006$151,433
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $68,115$107,284
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $113,556$66,827
I-18 Total expensesPrior year $181,671$174,111
I-19 Revenue less expensesPrior year $48,335−$22,678
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $151,433 across 5 lines filed
Lines not itemized here account for −$31,667 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$17,500
VIII-1h Total contributions, gifts and grants$17,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $164,600$164,600
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,000$1,000
VIII-12 Total revenueRelated to mission $133,933 · Unrelated business $0 · Excluded from tax $0$151,433
Part IX · Statement of functional expenses $174,111 across 14 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $56,254 · Management $7,032 · Fundraising $7,032$70,318
IX-7 Other salaries and wagesPrograms $29,959$29,959
IX-10 Payroll taxesPrograms $5,929 · Management $539 · Fundraising $539$7,007
IX-11c Accounting feesPrograms $5,250 · Management $3,365$8,615
IX-11g Other fees for servicesPrograms $14,740$14,740
IX-12 Advertising and promotionPrograms $1,597 · Management $4,017$5,614
IX-13 Office expensesPrograms $6,698 · Management $1,614 · Fundraising $196$8,508
IX-14 Information technologyPrograms $906 · Management $834 · Fundraising $64$1,804
IX-16 OccupancyPrograms $6,239 · Management $3,976 · Fundraising $2,080$12,295
IX-17 TravelPrograms $1,437 · Management $726$2,163
IX-19 Conferences, conventions and meetingsPrograms $318 · Management $1,457$1,775
IX-22 Depreciation, depletion and amortizationPrograms $2,508 · Management $418 · Fundraising $418$3,344
IX-23 InsurancePrograms $2,026 · Management $983 · Fundraising $57$3,066
IX-24 Other expenses (24a–d)Programs $4,903$4,903
IX-25 Total functional expensesPrograms $138,764 · Management $24,961 · Fundraising $10,386$174,111
Part X · Balance sheet $27,467 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $41,447$18,709
X-10c Land, buildings and equipment, netStart of year $17,119$8,758
X-16 Total assetsStart of year $58,566$27,467
X-25 Other liabilitiesStart of year $15,722$8,151
X-26 Total liabilitiesStart of year $16,572$8,151
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $41,994$19,316
X-32 Total net assets or fund balancesStart of year $41,994$19,316
X-33 Total liabilities and net assetsStart of year $58,566$27,467
Part XI · Reconciliation of net assets $19,316 net assets at year end
XI-1 Total revenue$151,433
XI-2 Total expenses$174,111
XI-3 Revenue less expenses−$22,678
XI-4 Net assets at start of year$41,994
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$19,316

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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