Fund For Ucap
- Assets
- $5.1m
- Revenue
- $524.6k
- Investments
- $100.0k
- Employees
- 2
- Location
- Providence, RI
- Founding
- 10/2007
- Data as of
- 06/2021
- EIN
- 26-0656828
Organization Overview
Fund For Ucap is located in Providence, RI. The organization was established in 2007. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Fund For Ucap employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For Ucap 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 06/2021, Fund For Ucap generated $524.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $280.4k during the year ending 06/2021. While expenses have increased by 1.8% per year over the past 6 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
THE FUND FOR UCAP IS A PRIVATE NON-PROFIT CORPORATION THAT RAISES, HOLDS, AND INVESTS FUNDS FOR THE BENEFIT OF URBAN COLLABORATIVE ("UCAP").THE ORGANIZATION WAS ESTABLISHED TO ENHANCE THE FLEXIBILITY OF THOUGHTFUL INDIVIDUALS TO RAISE AND MANAGE FUNDS TO BENEFIT UCAP AND ITS STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND ENHANCES THE FLEXIBILITY OF THOUGHTFUL INDIVIDUALS TO RAISE AND MANAGE FUNDS TO BENEFIT URBAN COLLABORATIVE AND ITS STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Finley President | OfficerTrustee | 5 | $0 |
David Salit Vice President | OfficerTrustee | 1 | $0 |
Douglas Gray Secretary | OfficerTrustee | 1 | $0 |
Gary Friedmann Treasurer | OfficerTrustee | 1 | $0 |
Dan Corley Board Member | Trustee | 1 | $0 |
Gib Conover Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $489,333 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $518,333 |
| Total Program Service Revenue | $0 |
| Investment income | $6,303 |
| 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 | $524,636 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,336 |
| 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 | $89,560 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $230 |
| Fees for services: Accounting | $9,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,345 |
| Advertising and promotion | $144 |
| Office expenses | $12,757 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,351 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,629 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,445 |
| All other expenses | $0 |
| Total functional expenses | $280,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,457,286 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $64,470 |
| 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 | $50 |
| Net Land, buildings, and equipment | $2,670 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $100,000 |
| Investments—program-related | $3,400,571 |
| Intangible assets | $0 |
| Other assets | $47,000 |
| Total assets | $5,072,047 |
| Accounts payable and accrued expenses | $482 |
| 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 | $482 |
| Net assets without donor restrictions | $5,071,565 |
| 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 | $5,072,047 |
Grants Awarded
Over the last fiscal year, Fund For Ucap has awarded $118,124 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Providence, RI PURPOSE: EDUCATIONAL | $60,000 |
Providence, RI PURPOSE: EDUCATIONAL | $58,124 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Fund For Ucap has recieved totaling $187,136.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: GENERAL OPERATING; GENERAL SUPPORT; UCAP CHALLENGE 2021; UCAP CHALLENGE; SCHOOL COUNSELOR AND TRANSPORTATION | $73,439 |
United Way Of Rhode Island Inc Providence, RI PURPOSE: DESIGNATED DONATION/GRANT | $68,350 |
Haffenreffer Family Fund Providence, RI PURPOSE: Program Support | $40,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,207 |
Lincoln Financial Foundation Inc Radnor, PA PURPOSE: MATCHING GIFT | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $40 |
Endowment Analysis
| Net Contributions | $100,000 |
| Ending Balance | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hansjorg Wyss Institute For Biologically Inspired Engineering Boston, MA | $178,608,152 | $47,853,271 |
University Of Connecticut Foundation Incorporated Storrs, CT | $744,628,423 | $150,826,250 |
Trustees For Harvard University Cambridge, MA | $1,524,141,919 | $57,204,982 |
The University Of Rhode Island Foundation & Alumni Engagement Kingston, RI | $283,152,721 | $40,864,874 |
Harvard Private Capital Realty Inc Boston, MA | $2,527,458,180 | $415,073,812 |
University Of Massachusetts Foundation Inc Boston, MA | $842,030,994 | $57,111,837 |
Advanced Functional Fabrics Of America Inc Cambridge, MA | $14,465,650 | $24,588,104 |
Board Of Trustees Of The Sheffield Scientific School New Haven, CT | $633,187,432 | $22,416,568 |
Dudley Square Realty Corporation Boston, MA | $98,074,702 | $123 |
Trustees Of The Public Library Of The City Of Boston Boston, MA | $99,754,907 | $16,249,859 |
Lord Foundation Of Massachusetts Inc Cambridge, MA | $0 | $665,000 |
Mit International Inc Cambridge, MA | $42,886,000 | $6,428,000 |