Urban Ventures Leadership Foundation
- Assets
- $22.4m
- Revenue
- $4.4m
- Investments
- $5.7k
- Employees
- 111
- Location
- Minneapolis, MN
- Founding
- 01/1989
- Data as of
- 06/2022
- 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 06/2023, Urban Ventures Leadership Foundation employed 111 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 06/2022, Urban Ventures Leadership Foundation generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $5.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Urban Ventures Leadership Foundation has awarded 109 individual grants totaling $545,000. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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:
Part 3 - Line 4a
EDUCATION AND LITERACY- ACADEMIC SUPPORT IS PROVIDED THROUGH ME & MY BABY!, CORNWELL EARLY LEARNING CENTER, HUB CLUB, AND READING PLUS. ME AND MY BABY! PROVIDES PRACTICAL TOOLS TO HELP PARTICIPANTS NAVIGATE PREGNANCY AND TAKE CARE OF THEIR NEWBORNS. THE CORNWELL EARLY LEARNING CENTER GIVES CHILDREN AGES 6 WEEKS THROUGH PRE-KINDERGARTEN THE HIGHEST QUALITY EARLY LEARNING WITH A FOCUS ON SOCIAL AND EMOTIONAL DEVELOPMENT. HUB CLUB IS AN ACADEMIC AFTER SCHOOL AND SUMMER PROGRAM FOR STUDENTS IN GRADES 1-5 TO RECEIVE LITERACY SUPPORT AND HOMEWORK ASSISTANCE TO STAY ON TRACK IN SCHOOL. THE PROGRAM FOCUSES ON DEVELOPING CHARACTER AND HEALTHY PEER RELATIONSHIPS. READING PLUS HELPS STUDENTS GROW INTO READERS AND WRITERS. OUR TEAM WORKS WITH DEVELOPING READERS DURING THE SCHOOL DAY AT OUR NEIGHBORHOOD SCHOOLS.
YOUTH PROGRAMMING - URBAN VENTURES YOUTH PROGRAMMING INCLUDES - ACT SIX, INNOVATION CENTER, MUSIC, AND UV COLLEGE AND 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. THE INNOVATION CENTER PROVIDES HANDS-ON TRAINING IN STEM SUBJECTS FOR STUDENTS OF ALL AGES. THE INNOVATION MOBILE HUB ALLOWS EACH STUDENT TO USE THEIR OWN IPAD, AS WELL AS DIRECTIONS ON WHAT THEY CAN DO WITH IT. THE STUDENTS LEARN ROBOTICS, DIGITAL ART AND CODING. 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.
FARM & NUTRITION - FIGHTS FOOD INJUSTICE IN INNER CITY NEIGHBORHOODS. ORGANIC PRODUCE IS GROWN AND DISTRIBUTED FOR FREE OR AT REASONABLE PRICES TO FAMILIES WHO NEED ACCESS TO HEALTHY FOOD AND NUTRITION EDUCATION. EACH YEAR THE UV FARM SUSTAINABLY GROWS FRESH FOOD FOR OUR NEIGHBORS WHILE SIMULTANEOUSLY CREATING OPPORTUNITIES FOR AGRICULTURAL EDUCATION. FIELD TRIPS FROM LOCAL PARTNER SCHOOLS, VISITS FROM OUR CORNWELL EARLY LEARNING CENTER AND CLASSES FROM OUR HUB CLUB PROGRAM MEAN YOU'LL OFTEN SEE GROUPS OF CHILDREN AND YOUTH BETWEEN THE ROWS OF PRODUCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Graves Unger Chair | OfficerTrustee | 1 | $0 |
Gaylen Knack Secretary | OfficerTrustee | 1 | $0 |
Roy Ferber Treasurer | OfficerTrustee | 1 | $0 |
Karen Baumberger Director | Trustee | 1 | $0 |
Shannon Foreman Director | Trustee | 1 | $0 |
Dean Hager Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $78,409 |
| Related organizations | $0 |
| Government grants | $164,882 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,890,477 |
| Noncash contributions included in lines 1a–1f | $31,386 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,133,768 |
| Total Program Service Revenue | $271,442 |
| Investment income | $159,022 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $41,136 |
| Net Rental Income | $103,104 |
| Net Gain/Loss on Asset Sales | -$409,944 |
| Net Income from Fundraising Events | $3,762 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $51,633 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,412,613 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $28,319 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $287,142 |
| Compensation of current officers, directors, key employees. | $161,314 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,187,570 |
| Pension plan accruals and contributions | $26,649 |
| Other employee benefits | $256,104 |
| Payroll taxes | $241,556 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $116 |
| Fees for services: Accounting | $26,404 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $102,511 |
| Fees for services: Investment Management | $25,819 |
| Fees for services: Other | $469,925 |
| Advertising and promotion | $3,165 |
| Office expenses | $117,644 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $338,092 |
| Travel | $13,487 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,541 |
| Interest | $13,468 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $496,140 |
| Insurance | $132,323 |
| All other expenses | $0 |
| Total functional expenses | $4,997,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,673,449 |
| Savings and temporary cash investments | $626,058 |
| Pledges and grants receivable | $1,096,265 |
| Accounts receivable, net | $89,377 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,679 |
| Prepaid expenses and deferred charges | $26,343 |
| Net Land, buildings, and equipment | $13,151,087 |
| Investments—publicly traded securities | $4,712,404 |
| Investments—other securities | $5,707 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,384,369 |
| Accounts payable and accrued expenses | $399,019 |
| 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 | $202,667 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $601,686 |
| Net assets without donor restrictions | $16,443,432 |
| Net assets with donor restrictions | $5,339,251 |
| 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 | $22,384,369 |
Grants Awarded
Over the last fiscal year, Urban Ventures Leadership Foundation has awarded $160,000 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
AMLA INTERNATIONAL TRANSLATIONS LLC PURPOSE: BENEVOLENCE | $5,000 |
A & J FISH ND CHICKEN INC PURPOSE: BENEVOLENCE | $5,000 |
APEX DENTAL SYSTEMS DBA MINNESOTA DENTAL CARE PURPOSE: BENEVOLENCE | $5,000 |
COMFORT CARE HOMES LLC PURPOSE: BENEVOLENCE | $5,000 |
ANAS HOME HEALTH CARE PURPOSE: BENEVOLENCE | $5,000 |
DALCAR FOODS PURPOSE: BENEVOLENCE | $5,000 |