Urban Wood Economy INC EIN 85-2627900

Urban Wood Economy INC

EIN  85-2627900 Public charity (501(c)(3)) Baltimore, MD
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Size
$100K–1M
What they do
Transforms wood waste into jobs and carbon capture solutions.
Leadership
Jeff Carroll · CEO · $59K
Money in and out
$560K revenue, $507K expenses
Bottom line
76% program efficiency

Transforms wood waste into jobs and carbon capture solutions. For fiscal year 2025 it reported $560K in revenue, $507K in expenses, and $100K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$560K
Pt VIII · Ln 12
Total expenses
$507K
Pt IX · Ln 25
Net assets
$100K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $53K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.24
Program efficiency
76%
of spending reaches programs▲ +26% vs prior filing year
Operating runway
2.1mo
months of highly liquid reserves at operating expense rate▲ +24% vs prior filing year
Surplus margin
+9%
revenue over expenses, this year▼ -41% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$560K
FY2025▲ +21%
Expenses
$507K
FY2025▲ +30%
Total assets
$146K
FY2025▲ +155%
Total liabilities
$46K
FY2025▲ +340%
Total revenue
$560K
Pt VIII · Ln 12
Total expenses
$507K
Pt IX · Ln 25
Net assets
$100K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$53K
Total assetsPt X · Ln 16$146K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $384K of program spending, described in the organization's own filed words · FY2024.
01

Uwe serves as supply chain consultants nurturing enterprise based solutions for capturing value from the wood waste stream and leveraging that revenue to create jobs in challenged neighborhoods. We are doing that work in memphis, TN, pittsburgh pa, puerto rico, and through educational forums such as the urban wood academy.

$384Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CUrban Wood Economy INC
EINHdr · item D85-2627900
Principal addressHdr · item CBaltimore, MD
WebsiteHdr · item Jwww.uweconomy.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S31)
Ruling yearIRS BMFDec 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$58,920Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
President
$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

Jeff Carroll’s $59K as CEO is at the 37th percentile of top reported officer pay among 1711 $100K–1M community development 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 · 2 named individuals · Part VII

NameFY2025FY2024
Jeff Carroll$58,920$97,000
Mike Born$48,500

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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Statement of Revenue

Part VIII
Program service revenue$514K · 92%
Contributions & grants$46K · 8%
Program service revenue92%$514K
Contributions & grants8%$46K
Total revenueLn 12$560K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.24
Program services76%$384K
Management & general24%$124K
Total functional expensesLn 25$507K

Balance Sheet

Part X · end of year
CashLn 1$37K
Total assetsLn 16$146K
Total liabilitiesLn 26$46K
Total net assetsLn 32$100K
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $87K · Operating expenses/yr $507K
2.1 months
Where the money goes
Program services
Program services $384K · Total expenses $507K
76%
Management & General
Management & general $124K · Total expenses $507K
24%
Fundraising
Fundraising $0 · Total expenses $507K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $88K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $46K · Total revenue $560K
8%
Government reliance
Government grants — · Total revenue $560K
Earned-income share
Program service revenue $514K · Total revenue $560K
92%
Investment reliance
Investment income $0 · Total revenue $560K
0%
Program self-sufficiency
Program service revenue $514K · Total expenses $507K
101%
Growth & trend
Revenue growth (YoY)
This year $560K · Prior year $465K
+21%
Net-asset trend (YoY)
End of year $100K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $560K · Expenses $507K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $146K
Net-asset ratio
Net assets $100K · Total assets $146K
68%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $50K · Total assets (Pt X, ln 16) $146K
34%
People & payroll
Highest Reported Total Compensation
Individual Jeff Carroll · Reported title CEO · Highest reported compensation $59K · Total expenses $507K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $314K · Total expenses $507K
62%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 24%
Fundraising cost ratio 0%
Revenue growth 21%
Accounting fee ratio 11%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
RewildFY2024$25K
Total grants receivedfrom 2 funders$35K
Grants paid · 1 grant · $20K · 2024–2024
Unitemized GrantFY2024$20,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$560K revenue · viewing · ⤓ 990 PDF
FY2024$465K revenue · ⤓ 990 PDF
FY2023$270K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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