Foundation For The Uptown Reinvestment Corporation
- Assets
- $1.9m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Flint, MI
- Founding
- 10/2005
- Data as of
- 12/2021
- EIN
- 20-2159723
Organization Overview
Foundation For The Uptown Reinvestment Corporation is located in Flint, MI. The organization was established in 2005. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For The Uptown Reinvestment Corporation 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 12/2021, Foundation For The Uptown Reinvestment Corporation generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $5.2m during the year ending 12/2021. While expenses have increased by 13.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING THE UPTOWN REINVESTMENT CORPORATION (501(C)(3) ORGANIZATION) IN ITS MISSION OF PROMOTING ECONOMIC GROWTH AND DEVELOPMENT IN DOWNTOWN, FLINT, MICHIGAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO AND EXPENSES PAID ON BEHALF OF THE UPTOWN REINVESTMENT CORPORATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Herman President | OfficerTrustee | 1 | $0 |
Greg Viener Chair/secretary | OfficerTrustee | 1 | $0 |
Deborah Cherry Treasurer | OfficerTrustee | 1 | $0 |
Jack Stock Vice President | OfficerTrustee | 1 | $0 |
Loyst Fletcher Director | Trustee | 1 | $0 |
Greg Fiedler Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,455,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,455,000 |
| Total Program Service Revenue | $0 |
| Investment income | $12 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,455,012 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,175,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,850 |
| All other expenses | $0 |
| Total functional expenses | $5,191,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,392,420 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $475,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,803 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,872,223 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $592,223 |
| Net assets with donor restrictions | $1,280,000 |
| 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 | $1,872,223 |
Grants Awarded
Over the last fiscal year, Foundation For The Uptown Reinvestment Corporation has awarded $2,082,757 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Flint, MI PURPOSE: GENERAL | $1,932,757 |
FLINT FARMERS MARKET PURPOSE: GENERAL | $150,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Foundation For The Uptown Reinvestment Corporation has recieved totaling $17,630,000.
| Awarding Organization | Amount |
|---|---|
Charles Stewart Mott Foundation Flint, MI PURPOSE: TO SUPPORT THE EXPANSION OF MICHIGAN STATE UNIVERSITY'S DOWNTOWN FLINT CAMPUS FOOTPRINT FOR ADDITIONAL PUBLIC HEALTH EXPERTISE AND ENHANCED VIBRANCY OF THE HEALTH AND WELLNESS DISTRICT. | $10,800,000 |
Charles Stewart Mott Foundation Flint, MI PURPOSE: TO SUPPORT THE EXPANSION OF MICHIGAN STATE UNIVERSITY'S DOWNTOWN FLINT CAMPUS FOOTPRINT FOR ADDITIONAL PUBLIC HEALTH EXPERTISE AND ENHANCED VIBRANCY OF THE HEALTH AND WELLNESS DISTRICT. | $3,000,000 |
Charles Stewart Mott Foundation Flint, MI PURPOSE: TO ACQUIRE AND DEMOLISH BLIGHTED PROPERTIES IN ORDER TO ALLOW FOR REDEVELOPMENT IN AN ECONOMICALLY DISADVANTAGED PART OF THE CITY. | $1,125,000 |
Charles Stewart Mott Foundation Flint, MI PURPOSE: TO PROVIDE SUPPORT TO BUILD ORGANIZATIONAL CAPACITY TO DELIVER ECONOMIC DEVELOPMENT SERVICES THAT EXPAND AND DIVERSIFY FLINT'S EMPLOYMENT BASE. | $910,000 |
Charles Stewart Mott Foundation Flint, MI PURPOSE: TO SUPPORT THE REDEVELOPMENT OF A BLIGHTED BUILDING AND ADJACENT PARCELS THAT WILL REACTIVATE THE PROPERTY AND INCREASE ACCESS TO RECREATIONAL ACTIVITIES ON THE FLINT RIVER. | $535,000 |
Charles Stewart Mott Foundation Flint, MI PURPOSE: TO ACQUIRE AND DEMOLISH BLIGHTED PROPERTIES IN ORDER TO ALLOW FOR REDEVELOPMENT IN AN ECONOMICALLY DISADVANTAGED PART OF THE CITY. | $375,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sojourner Foundation Inc Milwaukee, WI | $5,493,853 | $4,205,530 |
Siemer Institute Columbus, OH | $21,924,276 | $13,963,015 |
David And Inez Myers Foundation Cleveland, OH | $231,370,323 | $1,575,245 |
Block 3 Community Urban Redevelopment Corporation Cincinnati, OH | $43,753,173 | $7,948,144 |
Sally And John Morley Family Fund Cleveland, OH | $0 | $0 |
Foundation For The Uptown Reinvestment Corporation Flint, MI | $1,872,223 | $6,455,012 |
Dayton Foundation Plus Inc Dayton, OH | $83,505,101 | $9,971,050 |
Jcgf Charitable Tr Cincinnati, OH | $1,841,285 | $5,857,978 |
West Bend Community Foundation Inc Milwaukee, WI | $79,149,428 | $10,575,689 |
Arthur Dean Family Foundation Inc Fishers, IN | $75,273,545 | $2,866,490 |
Barberton Community Foundation Barberton, OH | $94,839,869 | $20,499,069 |
Star House Foundation Columbus, OH | $3,945,467 | $4,249,325 |