United Black Fund Of Greater Cleveland Inc
- Assets
- $4.9m
- Revenue
- $1.3m
- Investments
- $2.5m
- Employees
- 5
- Location
- Cleveland, OH
- Founding
- 07/1982
- Data as of
- 12/2021
- EIN
- 34-1366892
Organization Overview
United Black Fund Of Greater Cleveland Inc is located in Cleveland, OH. The organization was established in 1982. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, United Black Fund Of Greater Cleveland Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Black Fund Of Greater Cleveland 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 12/2021, United Black Fund Of Greater Cleveland Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 3.2% 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.
Since 2014, United Black Fund Of Greater Cleveland Inc has awarded 117 individual grants totaling $817,934. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FUNDING AND TECHNICAL ASSISTANCE TO SMALL AND MINORITY DISADVANTAGE BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BASIC NEEDSFUNDING FOR PROGRAMS/PROJECTS THAT PROVIDE ASSISTANCE TO THOSE WHO HAVE SOME EMERGENCY NEED(S) GROWING OUT OF A CRISIS SITUATION. PROGRAMMING SHOULD BE FOCUSED ON RESTORING THE PERSON/FAMILY TO AN ACCEPTABLE LEVEL OF FUNCTIONING BY ASSISTING WITH FOOD, SHELTER, CLOTHING, PERSONAL ITEMS, HEALTH NEEDS, OR TRANSPORTATION. FUNDING IS NOT LIMITED TO THOSE ITEMS LISTED, THEY ARE PROVIDED AS A GUIDE.
EDUCATION FUNDING FOR PROGRAMS/PROJECTS SHOULD EMPHASIZE EARLY CHILDHOOD DEVELOPMENT PROGRAMS, MIDDLE SCHOOL AND HIGH SCHOOL PROGRAM, COLLEGE PREPARATION/ACADEMIC MENTOR PROGRAMS. PROGRAMS SHOULD REFLECT A STRONG COMMITMENT TO EDUCATION AND ACCESS FOR LOW INCOME AND UNDER-SERVED POPULATIONS. EDUCATIONAL PROGRAMS SHOULD ENRICH PARTICIAPNTS LIVES BY INCLUDING ACTIVITIES THAT LEAD TO A CHANGE IN KNOWLEDGE, SKILL OR LEVEL OF APPRECIATION RATHER THAN ONE-TIME EVENTS SUCH AS ATTENDING A SHOW OR VISITING A CULTURAL INSTITUTION. ARTS EDUCATION SHOULD PROVIDE PROGRAMMING THAT PROVIDES PARTICIPANTS WITH THE EXPERTISE THAT FURTHERS THEIR TRAINING AND ENHANCES THEIR EDUCATION AND SELF-DEVELOPMENT.
WORKFORCE DEVELOPMENTFUNDING FOR PROGRAMS/PROJECTS THAT ASSIST INDIVIDUALS TO RETURN OR ENTER THE WORKFORCE. SPECIAL EMPHASIS IS GIVEN TO PROGRAMS THAT SERVE THOSE WHO HAVE LITTLE OR NO CONNECTION TO THE JOB MARKET, INCLUDING THOSE WHO HAVE BEEN PREVIOUSLY INCARCERATED. JOB READINESS TRAINING, RECORD EXPUNGEMENT, TRANSPORTATION, AND SKILL SPECIFIC TRAINING/PLACEMENT, INCLUDING SOFT SKILL DEVELOPMENT, ARE AMOUNG THE SERVICES THAT WILL BE CONSIDERED FOR SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cecil J Lipscomb Executive Director | Officer | 40 | $55,208 |
Aaron Obrien Board Member | Trustee | 1 | $0 |
Ron Johnson General Counsel | Trustee | 1 | $0 |
Vicki Dansby Board Member | Trustee | 1 | $0 |
Lynn Johnson President | Trustee | 1 | $0 |
Shelley Tobias Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $860,324 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,098 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,011,422 |
| Total Program Service Revenue | $0 |
| Investment income | $322,418 |
| 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 | $1,333,840 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $469,150 |
| 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 | $252,260 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,869 |
| Payroll taxes | $13,586 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,738 |
| Fees for services: Accounting | $31,844 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,509 |
| Advertising and promotion | $12,210 |
| Office expenses | $25,922 |
| Information technology | $17,981 |
| Royalties | $0 |
| Occupancy | $37,793 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $453 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,008 |
| Insurance | $2,732 |
| All other expenses | $27,780 |
| Total functional expenses | $1,058,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,129,074 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $229,998 |
| Accounts receivable, net | $75,409 |
| 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 | $5,367 |
| Net Land, buildings, and equipment | $4,252 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,463,845 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,907,945 |
| Accounts payable and accrued expenses | $12,073 |
| Grants payable | $334,950 |
| Deferred revenue | $229,998 |
| 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 | $917,190 |
| Total liabilities | $1,494,211 |
| Net assets without donor restrictions | $1,922,220 |
| Net assets with donor restrictions | $1,491,514 |
| 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 | $4,907,945 |
Grants Awarded
Over the last fiscal year, United Black Fund Of Greater Cleveland Inc has awarded $125,900 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Cleveland, OH PURPOSE: Meet diverse needs | $15,000 |
Maple Heights, OH PURPOSE: Meet diverse needs | $10,000 |
Moreland Hills, OH PURPOSE: Meet diverse needs | $8,500 |
Beachwood, OH PURPOSE: Meet diverse needs | $7,000 |
Cleveland, OH PURPOSE: Meet diverse needs | $6,500 |
Cleveland, OH PURPOSE: Meet diverse needs | $6,100 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that United Black Fund Of Greater Cleveland Inc has recieved totaling $943,809.
| Awarding Organization | Amount |
|---|---|
Cleveland Foundation Cleveland, OH PURPOSE: OUT-OF-SCHOOL-TIME COLLABORATIVE | $334,000 |
George Gund Foundation Cleveland, OH PURPOSE: CHOCOLATE CITY CLEVELAND. | $300,000 |
Saint Lukes Foundation Of Cleveland Ohio Cleveland, OH PURPOSE: CENTER FOR THRIVING ORGANIZATIONS (CTO) | $200,000 |
Westfield Insurance Foundation Westfield Center, OH PURPOSE: FAMILY STABILITY | $30,000 |
Jumpstart Inc Cleveland, OH PURPOSE: ECONOMIC DEVELOPMENT | $20,000 |
Saint Lukes Foundation Of Cleveland Ohio Cleveland, OH PURPOSE: NAACP FREEDOM FUND SPONSORSHIP REQUEST | $15,000 |
Endowment Analysis
| Beg. Balance | $295,655 |
| Earnings | $44,767 |
| Ending Balance | $340,422 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown Area Jewish Federation Youngstown, OH | $17,153,890 | $18,773,447 |
United Way Of Saginaw County Saginaw, MI | $5,861,014 | $15,211,110 |
United Way Of South Central Michigan Kalamazoo, MI | $21,915,676 | $10,619,393 |
Ramtell Inc Tell City, IN | $25,696,087 | $2,760,088 |
United Way Of Berks County Reading, PA | $37,493,734 | $14,271,656 |
Columbus Jewish Foundation Columbus, OH | $166,718,528 | $14,799,301 |
Jewish Federation Of Greater Indianapolis Inc Indianapolis, IN | $105,560,722 | $10,106,603 |
United Way Of Greater Toledo Toledo, OH | $26,573,866 | $11,242,567 |
United Way Of The Capital Region Enola, PA | $30,416,646 | $10,642,115 |
Jewish Community Of Louisville Inc Louisville, KY | $51,829,029 | $17,241,761 |
United Way Of Midland County Midland, MI | $18,815,763 | $12,494,265 |
United Way Of Southwestern Indiana Inc Evansville, IN | $5,892,582 | $5,859,250 |