United For A New Economy
- Assets
- $5.8m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Commerce City, CO
- Founding
- 07/2002
- Data as of
- 12/2023
- EIN
- 26-0019190
Organization Overview
United For A New Economy is located in Commerce City, CO. The organization was established in 2002. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2023, United For A New Economy employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United For A New Economy 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, United For A New Economy generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 12.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION BUILDS PEOPLE POWER FOR RACIAL AND ECONOMIC JUSTICE SO ALL COLORADANS THRIVE. WE DO THIS BY ORGANIZING IN OUR COMMUNITIES ACROSS RACE, WINNING BOLD POLICY SOLUTIONS FOR ALL, AND BUILDING A MULTIRACIAL VOTING MAJORITY THAT TRANSFORMS OUR ECONOMIC, POLITICAL AND SOCIAL SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNE PROGRAMS: UNITED FOR A NEW ECONOMY (UNE) IS A MULTIRACIAL ORGANIZATION THAT BUILDS PEOPLE POWER FOR RACIAL AND ECONOMIC JUSTICE FOR ALL COLORADANS BY ORGANIZING IN OUR COMMUNITIES ACROSS RACE, WINNING BOLD POLICY SOLUTIONS FOR ALL, AND BUILDING A MULTIRACIAL VOTING MAJORITY THAT TRANSFORMS OUR ECONOMIC, POLITICAL, AND SOCIAL SYSTEMS.
END SLAVERY COLORADO: UNE IS THE FISCAL SPONSOR FOR ESC, A STATEWIDE COALITION THAT BUILDS POWER TO END THE PRACTICE OF FORCED LABOR AND LOW WAGES IN THE COLORADO CARCERAL SYSTEM.
TRANSFORMATIVE LEADERSHIP FOR CHANGE: UNE IS THE FISCAL SPONSOR FOR TLC, WHICH FACILITATES A PEER NETWORK OF STRONG, RICHLY DIVERSE, TALENTED AND PASSIONATE LEADERS OF COLOR, INVESTING IN THEIR PERSONAL AND ORGANIZATIONAL CAPACITIES TO COLLECTIVELY ADVANCE MAJOR SOCIAL CHANGE WITH COMMUNITIES OF COLOR IN THE STATE.
COLORADO HOMES FOR ALL: UNE IS THE FISCAL SPONSOR FOR COHFA, A STATEWIDE COALITION THAT BUILDS POWER FOR HOUSING JUSTICE BY CENTERING THE LEADERSHIP OF RENTERS TO WIN BOLD HOUSING POLICIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Del Carmen Medrano Weiler Executive Di | Officer | 40 | $98,900 |
Raja Raghunath President | OfficerTrustee | 1 | $0 |
Ron Ruggiero Secretary/tr | OfficerTrustee | 1 | $0 |
Kathy Rendon Board Member | Trustee | 1 | $0 |
Pilar Chapa Board Member | Trustee | 1 | $0 |
Christina Morales Board Member | 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 | $3,058,825 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,058,825 |
| Total Program Service Revenue | $167,969 |
| Investment income | $22,708 |
| 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 | $3,284,893 |
| 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. | $118,557 |
| Compensation of current officers, directors, key employees. | $19,539 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $392,121 |
| Pension plan accruals and contributions | $8,088 |
| Other employee benefits | $89,886 |
| Payroll taxes | $41,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,100 |
| Fees for services: Lobbying | $96,494 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $938,725 |
| Advertising and promotion | $4,854 |
| Office expenses | $24,030 |
| Information technology | $16,630 |
| Royalties | $0 |
| Occupancy | $32,595 |
| Travel | $44,351 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,352 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,272 |
| All other expenses | $17,462 |
| Total functional expenses | $2,138,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,596,148 |
| Pledges and grants receivable | $1,169,922 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,663 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,250 |
| Total assets | $5,800,983 |
| Accounts payable and accrued expenses | $51,817 |
| 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 | $32,120 |
| Total liabilities | $83,937 |
| Net assets without donor restrictions | $3,690,882 |
| Net assets with donor restrictions | $2,026,164 |
| 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 | $5,800,983 |