Unity Project INC EIN 86-1898245

Unity Project INC

EIN  86-1898245 Public charity (501(c)(3)) Colorado Springs, CO
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Builds healthy, equitable communities through service, education, and singing.
Leadership
Victoria Lipscomb · Director · $87K
Money in and out
$624K revenue, $297K expenses
Bottom line
75% program efficiency

Builds healthy, equitable communities through service, education, and singing. For fiscal year 2025 it reported $624K in revenue, $297K in expenses, and $110K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$624K
Pt VIII · Ln 12
Total expenses
$297K
Pt IX · Ln 25
Net assets
$110K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $327K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.25
Program efficiency
75%
of spending reaches programs
Operating runway
14.9mo
months of highly liquid reserves at operating expense rate▲ +64% vs prior filing year
Surplus margin
+52%
revenue over expenses, this year▼ -24% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$624K
FY2025▲ +554%
Total revenue
$624K
Pt VIII · Ln 12
Total expenses
$297K
Pt IX · Ln 25
Net assets
$110K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$327K
Total assetsPt X · Ln 16$373K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $222K of program spending, described in the organization's own filed words · FY2024.
01

Build healthy, equitable communities through education, service, and singing.

$222Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CUnity Project INC
EINHdr · item D86-1898245
Principal addressHdr · item CColorado Springs, CO
WebsiteHdr · item Jwww.unityproject-cs.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A6B)
Ruling yearIRS BMFNov 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
$87,157Pt VII · Sec A
$76,220Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Voting Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A
Voting Member
$0Pt VII · Sec A

Victoria Lipscomb’s $87K as Director is at the 81st percentile of top reported officer pay among 2213 $100K–1M arts & culture 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.

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Statement of Revenue

Part VIII
Contributions & grants$611K · 98%
Other revenue$12K · 2%
Contributions & grants98%$611K
Other revenue2%$12K
Investment income$864
Total revenueLn 12$624K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.25
Program services75%$222K
Management & general25%$74K
Total functional expensesLn 25$297K

Balance Sheet

Part X · end of year
CashLn 1$364K
Total assetsLn 16$373K
Total liabilitiesLn 26$262K
Total net assetsLn 32$110K
Months of cash on handcomputed14.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $364K · Operating expenses (Pt IX) $297K · Less non-cash grants $2K · Cash operating expenses/yr $294K
14.9 months
Where the money goes
Program services
Program services $222K · Total expenses $297K
75%
Management & General
Management & general $74K · Total expenses $297K
25%
Fundraising
Fundraising $0 · Total expenses $297K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $611K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $611K · Total revenue $624K
98%
Government reliance
Government grants — · Total revenue $624K
Earned-income share
Program service revenue $0 · Total revenue $624K
0%
Investment reliance
Investment income $864 · Total revenue $624K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $297K
0%
Growth & trend
Revenue growth (YoY)
This year $624K · Prior year $95K
+554%
Net-asset trend (YoY)
End of year $110K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $624K · Expenses $297K
+52%
Liabilities-to-Assets
Total liabilities — · Total assets $373K
Net-asset ratio
Net assets $110K · Total assets $373K
30%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $373K
0%
People & payroll
Highest Reported Total Compensation
Individual Victoria Lipscomb · Reported title Director · Highest reported compensation $87K · Total expenses $297K
29%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $199K · Total expenses $297K
67%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 25%
Fundraising cost ratio 0%
Revenue growth 554%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$12K

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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)$624K revenue · viewing · ⤓ 990 PDF
FY2024$95K revenue · ⤓ 990 PDF
FY2023not on file
FY2022$79K 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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