Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2021.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
10 cents of each dollar spent went to programs.
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; $147K paid to officers and key staff.
Michael Obi’s $165K as President is at the 97th percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2023 | FY2021 |
|---|---|---|
| Michael Obi | $165,000 | $146,674 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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
Provides business capital to grow minority-led small businesses in Greater Cleveland.
Questions for Ubiz Venture Capital
Your first name shows with your question. Ubiz Venture Capital answers here, for everyone.
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To make access to credit more readily available to high potential existing African American and other minority businesses in the Greater Cleveland area and other parts of Northeast Ohio.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $752K | $889K |
| Total assetsLn 16 | $880K | $1.1M |
| LiabilitiesLn 26 | $871K | $910K |
| Net assetsLn 32 | $9K | $147K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $177K | $177K | ||
| Other employee benefitsLn 9 | $26K | $26K | ||
| Payroll taxesLn 10 | $66K | $66K | ||
| Legal feesLn 11b | $26K | $26K | ||
| Other fees for servicesLn 11g | $37K | $1K | $36K | |
| Office expensesLn 13 | $22K | $22K | ||
| Conferences, conventions and meetingsLn 19 | $30K | $30K | ||
| InterestLn 20 | $5K | $5K | ||
| InsuranceLn 23 | $29K | $29K | ||
| Other expenses (24a–d)Ln 24 | $16K | $6K | $10K | |
| All other expensesLn 24e | $5K | $5K | ||
| Total functional expensesLn 25 | $439K | $42K | $397K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $734K | $853K | −$120K | $806K | 990 PDF |
| FY2023 | $676K | $529K | $147K | $926K | 990 PDF |
| FY2022 | $995K | $385K | $610K | $779K | 990 PDF |
| FY2021 Viewing | $577K | $439K | $138K | $147K | 990 PDF |
| FY2020 | $63K | $9K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $576,814 revenue, 12 lines filed
Part VI · Governance 4 of 4 board members independent, 1 to look at
Part VIII · Statement of revenue $576,814 across 5 lines filed
Part IX · Statement of functional expenses $438,854 across 11 lines filed
Part X · Balance sheet $1,057,138 assets, 9 lines filed
Part XI · Reconciliation of net assets $147,128 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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