Ufp Business Administration Program EIN 92-0864841

Ufp Business Administration Program

EIN  92-0864841 Public charity (501(c)(3)) Grand Rapids, MI Founded 2022
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Provides full scholarships for high school graduates to attend college business school.
Leadership
Matt Missad · President and Director
Money in and out
$583K revenue, $359K expenses
Bottom line
87% program efficiency

Provides full scholarships for high school graduates to attend college business school. For fiscal year 2025 it reported $583K in revenue, $359K in expenses, and $718K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$583K
Pt VIII · Ln 12
Total expenses
$359K
Pt IX · Ln 25
Net assets
$718K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $224K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13
Program efficiency
87%
of spending reaches programs0% vs prior filing year
Operating runway
25.8mo
months of highly liquid reserves at operating expense rate▲ +74% vs prior filing year
Surplus margin
+38%
revenue over expenses, this year▲ +125% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$583K
FY2025▲ +197%
Expenses
$359K
FY2025▼ -28%
Total assets
$772K
FY2025▲ +25%
Total liabilities
$54K
FY2025▼ -56%
Total revenue
$583K
Pt VIII · Ln 12
Total expenses
$359K
Pt IX · Ln 25
Net assets
$718K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$224K
Total assetsPt X · Ln 16$772K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $313K of program spending, described in the organization's own filed words · FY2025.
01

Ufp business adminstration program provides business learning with career-ready education. It is a full scholarship, 2 to 3 year program, that prepares its graduates for opportunities at ufp industries across multiple segments and departments.

$313Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CUfp Business Administration Program
EINHdr · item D92-0864841
Principal addressHdr · item CGrand Rapids, MI
WebsiteHdr · item Jwww.ufpbusinessschool.com
Year of formationHdr · item L2022
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFColleges & Universities (B41)
Ruling yearIRS BMFApr 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President and Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Ufp Business Administration Program executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$562K · 96%
Investment income$21K · 4%
Contributions & grants96%$562K
Investment income4%$21K
Total revenueLn 12$583K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$313K
Management & general13%$46K
Total functional expensesLn 25$359K

Balance Sheet

Part X · end of year
CashLn 1$772K
Total assetsLn 16$772K
Total liabilitiesLn 26$54K
Total net assetsLn 32$718K
Months of cash on handcomputed25.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $772K · Operating expenses/yr $359K
25.8 months
Where the money goes
Program services
Program services $313K · Total expenses $359K
87%
Management & General
Management & general $46K · Total expenses $359K
13%
Fundraising
Fundraising $0 · Total expenses $359K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $620K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $562K · Total revenue $583K
96%
Government reliance
Government grants — · Total revenue $583K
Earned-income share
Program service revenue $0 · Total revenue $583K
0%
Investment reliance
Investment income $21K · Total revenue $583K
+4%
Program self-sufficiency
Program service revenue $0 · Total expenses $359K
0%
Growth & trend
Revenue growth (YoY)
This year $583K · Prior year $196K
+197%
Net-asset trend (YoY)
End of year $718K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $583K · Expenses $359K
+38%
Liabilities-to-Assets
Total liabilities — · Total assets $772K
Net-asset ratio
Net assets $718K · Total assets $772K
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $772K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Matt Missad · Reported title PRESIDENT AND DIRECTOR · Highest reported compensation $0 · Total expenses $359K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $359K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 13%
Revenue growth 197%

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 · FY2023
Total grants receivedfrom 1 funder$2.1M

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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)$583K revenue · viewing · ⤓ 990 PDF
FY2024$196K revenue · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$100K 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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