Uptown Consortium Inc
- Assets
- $45.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Cincinnati, OH
- Founding
- 11/2004
- Data as of
- 12/2023
- EIN
- 20-0688727
Organization Overview
Uptown Consortium Inc is located in Cincinnati, OH. The organization was established in 2004. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Uptown Consortium Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Uptown Consortium Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Uptown Consortium Inc generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CORPORATION DEDICATED TO THE HUMAN, SOCIAL, ECONOMIC, AND PHYSICAL IMPROVEMENT OF CINCINNATI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY DEVELOPMENT AND PUBLIC SAFETY - THE OBJECTIVE IS TO PROMOTE UPTOWN NEIGHBORHOODS AS VIBRANT COMMUNITIES WHERE PEOPLE OF DIVERSE ECONOMIC AND CULTURAL BACKGROUND LIVE, WORK, LEARN AND PLAY TOGETHER AND TO ENSURE THAT UPTOWN IS SAFE, ATTRACTIVE AND WALKABLE COMMUNITY FOR ITS RESIDENTS, EMPLOYEES, STUDENTS AND VISITORS.
ORGANIZATION AND PLANNING - THE OBJECTIVE OF UPTOWN CONSORTIUM IS TO PROMOTE ECONOMIC DEVELOPMENT EFFORTS AND NEIGHBORHOOD SERVICES THROUGH INTEGRATED STRATEGIES THAT ADDRESS PHYSICAL IMPROVEMENTS TO HOUSING, INFRASTRUCTURE, AND COMMERCIAL AREAS INCREASING COMMUNITY ECONOMIC ASSETS, AND CREATION AND EXPANSION OF COMMERCIAL INDUSTRIAL, LIFE SCIENCES, HEALTHCARE AND EDUCATIONAL- RELATED SERVICES.
NEIGHBORHOOD SERVICES - THE OBJECTIVE OF UPTOWN CONSORTIUM IS TO UNIFY UPTOWN'S CULTURALLY DIVERSE NEIGHBORHOODS AND CREATE A CLEAR SENSE OF PLACE BY FOCUSING ON INITIATIVES FOR PUBLIC SAFETY, TRANSPORTATION, HOUSING, ECONOMIC DEVELOPMENT AND INTEGRATED SOCIAL SERVICES FOR NEIGHBORHOOD RESIDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Neville Pinto Chair | OfficerTrustee | 1 | $0 |
Dave Jenike Member | Trustee | 1 | $0 |
Katrina English Member | Trustee | 1 | $0 |
Paul Jenny Member | Trustee | 1 | $0 |
Dr Steve Davis Member | Trustee | 1 | $0 |
Thane Maynard Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Memello Ground Keeping | 12/30/23 | $130,135 |
Web Ventures Llc Consultation Fee | 12/30/23 | $112,163 |
Wordsworth Consultation Fee | 12/30/23 | $110,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $26,150 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $940,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $966,150 |
| Total Program Service Revenue | $867,958 |
| Investment income | $44,709 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $37,913 |
| Net Gain/Loss on Asset Sales | $150,956 |
| Net Income from Fundraising Events | -$33,618 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,034,068 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $766,790 |
| Compensation of current officers, directors, key employees. | $403,593 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $257,221 |
| Pension plan accruals and contributions | $5,335 |
| Other employee benefits | $44,765 |
| Payroll taxes | $50,373 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,328 |
| Fees for services: Accounting | $39,031 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,834 |
| Advertising and promotion | $117,934 |
| Office expenses | $56,292 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,759 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $648,996 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,053 |
| Insurance | $2,033 |
| All other expenses | $61,096 |
| Total functional expenses | $2,677,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,571,218 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $114,257 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,213,180 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $39,602 |
| Net Land, buildings, and equipment | $31,495,692 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $237,955 |
| Total assets | $45,671,904 |
| Accounts payable and accrued expenses | $898,629 |
| Grants payable | $0 |
| Deferred revenue | $124,274 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $34,147,696 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,239,641 |
| Total liabilities | $51,410,240 |
| Net assets without donor restrictions | -$5,738,336 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $45,671,904 |