Urban Ventures Leadership Foundation
- Assets
- $23.6m
- Revenue
- $6.5m
- Investments
- $1.8m
- Employees
- 64
- Location
- Minneapolis, MN
- Founding
- 01/1989
- Data as of
- 06/2021
- EIN
- 36-3558710
Organization Overview
Urban Ventures Leadership Foundation is located in Minneapolis, MN. The organization was established in 1989. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Urban Ventures Leadership Foundation employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Urban Ventures Leadership Foundation 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, Urban Ventures Leadership Foundation generated $6.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $4.5m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Urban Ventures Leadership Foundation has awarded 263 individual grants totaling $1,315,000. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE KIDS, STRENGTHEN THEIR FAMILIES, AND BUILD A HEALTHY COMMUNITY.
Describe the Organization's Program Activity:
FAMILY PROGRAMMING - URBAN VENTURES FAMILY PROGRAMMING OFFERS LIFE BLOOD; SIEMPRE PADRES, AND PATHWAYS. LIFE BLOOD IS DESIGNED TO HELP PARTICIPANTS BECOME BETTER PARENTS, PARTNERS, AND PEOPLE. SIEMPRE PADRES ASSISTS FAMILIES WHO WANT TO GROW IN THEIR INTERPERSONAL RELATIONSHIPS AND LEARN NEW DYNAMICS TO BE EVEN BETTER PARENTS. PATHWAYS IS A DIVERSION PROGRAM, IN PARTNERSHIP WITH THE MINNEAPOLIS CITY ATTORNEY'S OFFICE, DESIGNED AS AN ALTERNATIVE FOR THOSE CHARGED WITH MISDEMEANOR GUN OFFENSES. MEN AND WOMEN ARE WELCOME TO PROGRAMS. CHILDCARE AND A MEAL ARE PROVIDED WITH EACH PROGRAM. THE PROGRAMS ARE OFFERED AT NO COST. 1,186 HOUSEHOLDS SOUGHT SUPPORT THROUGH RECURRING URBAN VENTURES PROGRAMS. INDIVIDUALS RECEIVED MORE SUPPORT , THERE WAS A 24% INCREASE IN AVERAGE HOURS PER PROGRAM PARTICIPANT
YOUTH PROGRAMS - URBAN VENTURES YOUTH PROGRAMS INCLUDE UV ATHLETICS; MUSIC; AND UV COLLEGE & CAREER CENTER. EACH YEAR, 50+ FOUR-YEAR, FULL TUITION, FULL-NEED SCHOLARSHIPS ARE PROVIDED TO EMERGING COMMUNITY LEADERS WHO WANT TO USE THEIR COLLEGE EDUCATION TO MAKE A POSITIVE IMPACT ON THEIR CAMPUS AND HOME COMMUNITY. THE SCHOLARS RECEIVE LEADERSHIP TRAINING AND ONGOING SUPPORT AS THEY LEARN TO LEAD FOR REAL. URBAN VENTURES ATHLETICS OFFERS YOUTH AGES 3-18 THE OPPORTUNITY TO BUILD CHARACTER THROUGH SOCCER OR BASKETBALL, EMPHASIZING BASIC SKILLS DEVELOPMENT, PLAYING AS A TEAM, AND LEADERSHIP. MUSIC ACADEMY OFFERS GUITAR AND PIANO LESSONS FOR YOUTH AGES 8-18 IN A SMALL GROUP SETTING. WE ALSO OFFER HIP HOP 4 LIFE, BEATS 4 LIFE, AND AN OPEN MIC NIGHT. 51 FOUR YEAR, FULL TUITION, FULL-NEED SCHOLARSHIPS WERE AWARDED THIS YEAR. 22,493 HOURS OF ACADEMIC SUPPORT FROM URBAN VENTURES PROGRAMING THIS YEAR.
PROGRAM SERVICES SUPPORTS ALL UV PROGRAMS THROUGH COMMUNITY OUTREACH IN ADDITION TO WORKING WITH VOLUNTEERS AND COMMUNITY PARTNERS. THIS YEAR, 461 VOLUNTEERS GENEROUSLY SERVED OUR COMMUNITY BY TUTORING, MENTORING, COACHING, GARDENING AND APPLYING THEIR PROFESSIONAL SKILLS. WE PARTNER WITH 114 OTHER NONPROFITS, SCHOOLS AND GOVERNMENT AGENCIES TO COORDINATE RESOURCES, INTERVENTIONS AND SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hawn CEO | Officer | 40 | $125,702 |
Renee Sherman VP Of Finance And Operations | Officer | 36 | $83,251 |
Gaylen Knack Secretary | OfficerTrustee | 1 | $0 |
Roy Ferber Treasurer | OfficerTrustee | 1 | $0 |
Kathryn Graves Unger Chair | OfficerTrustee | 1 | $0 |
Karen Baumberger Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $627,907 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,205,341 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,833,248 |
| Total Program Service Revenue | $90,700 |
| Investment income | $40,116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $18,429 |
| Net Rental Income | $69,047 |
| Net Gain/Loss on Asset Sales | $298,648 |
| Net Income from Fundraising Events | $120,274 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$7,738 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,521,879 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $242,525 |
| Grants and other assistance to domestic individuals. | $94,080 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $260,698 |
| Compensation of current officers, directors, key employees. | $150,195 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,537,404 |
| Pension plan accruals and contributions | $21,137 |
| Other employee benefits | $210,742 |
| Payroll taxes | $169,459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,152 |
| Fees for services: Accounting | $25,639 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $570,935 |
| Advertising and promotion | $6,973 |
| Office expenses | $137,756 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $284,752 |
| Travel | $6,836 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,790 |
| Interest | $8,735 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $417,862 |
| Insurance | $112,763 |
| All other expenses | $0 |
| Total functional expenses | $4,477,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,885,769 |
| Savings and temporary cash investments | $2,810,595 |
| Pledges and grants receivable | $1,427,615 |
| Accounts receivable, net | $87,438 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,954 |
| Prepaid expenses and deferred charges | $91,294 |
| Net Land, buildings, and equipment | $13,414,863 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,839,235 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,559,763 |
| Accounts payable and accrued expenses | $312,723 |
| 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 | $179,658 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $492,381 |
| Net assets without donor restrictions | $17,087,766 |
| Net assets with donor restrictions | $5,979,616 |
| 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 | $23,559,763 |
Grants Awarded
Over the last fiscal year, Urban Ventures Leadership Foundation has awarded $160,000 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
COMFORT CARE HOMES LLC PURPOSE: BENEVOLENCE | $5,000 |
KHAYRWADE TRADING LLC PURPOSE: BENEVOLENCE | $5,000 |
AMLA INTERNATIONAL TRANSLATIONS LLC PURPOSE: BENEVOLENCE | $5,000 |
A & J FISH ND CHICKEN INC PURPOSE: BENEVOLENCE | $5,000 |
DARYEL HOME CARE INC PURPOSE: BENEVOLENCE | $5,000 |
KILIMANJARO ENTERPRISE PURPOSE: BENEVOLENCE | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 40 grants that Urban Ventures Leadership Foundation has recieved totaling $1,118,907.
| Awarding Organization | Amount |
|---|---|
Cargill Foundation Minneapolis, MN PURPOSE: CHILDHOOD NUTRITION PROGRAMMING | $200,000 |
Wem Foundation Minneapolis, MN PURPOSE: GENERAL | $160,000 |
The Hubbard Broadcasting Foundation St Paul, MN PURPOSE: EMPOWER CAMPAIGN PLEDGE | $90,000 |
Ferber Family Foundation Minneapolis, MN PURPOSE: DISADVANTAGE/EDUCATION | $70,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $55,100 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $50,750 |
Endowment Analysis
| Beg. Balance | $545,052 |
| Earnings | $358,921 |
| Net Contributions | $182,103 |
| Other Expense | $191,800 |
| Ending Balance | $894,276 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Consortium Of Community Developers Minneapolis, MN | $14,565,346 | $14,747,823 |
Wisconsin Womens Business Initiative Corporation Milwaukee, WI | $42,014,379 | $10,583,804 |
Women Venture St Paul, MN | $7,708,341 | $8,474,014 |
Urban Ventures Leadership Foundation Minneapolis, MN | $23,559,763 | $6,521,879 |
Bioconnect Iowa Des Moines, IA | $1,127,931 | $1,803,790 |
Startingblock Madison Inc Madison, WI | $3,788,993 | $962,585 |
Lakota Fund Kyle, SD | $17,004,625 | $4,059,450 |
Central Minnesota Development Company Andover, MN | $3,109,444 | $999,166 |
Northeast South Dakota Economic Corporation Sisseton, SD | $28,795,164 | $2,763,514 |
Beta Group Minneapolis, MN | $157,595 | $502,721 |
Women In Progress Inc Minneapolis, MN | $458,547 | $441,350 |
Iowa Community Capital Boone, IA | $2,471,585 | $1,776,388 |