Upcap Services Inc
- Assets
- $38.0m
- Revenue
- $31.4m
- Investments
- $0.0
- Employees
- 152
- Location
- Escanaba, MI
- Founding
- 05/1972
- Data as of
- 09/2023
- EIN
- 38-1957176
Organization Overview
Upcap Services Inc is located in Escanaba, MI. The organization was established in 1972. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 09/2023, Upcap Services Inc employed 152 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Upcap Services 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 09/2023, Upcap Services Inc generated $31.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $27.9m during the year ending 09/2023. While expenses have increased by 4.3% per year over the past 8 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
PROMOTE THE DEVELOPMENT OF HUMAN, SOCIAL & COMMUNITY RESOURCES OF THE UPPER PENINSULA OF MI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UPCAP SERVED AS THE CENTRAL SERVICE AGENCY FOR MICHIGAN'S UPPER PENINSULA ADMINISTERING STATE AND FEDERAL GRANTS AS WELL AS REVENUES FROM LOCAL SOURCES USED TO BENEFIT THE AGING, DISABLED AND LOW-INCOME INDIVIDUALS OF THE REGION. UPCAP SERVED 623 CLIENTS WITH MICHIGAN CHOICE WAIVER FUNDING THROUGH THE DEPARTMENT OF COMMUNITY HEALTH. UPCAP SERVED 698 CLIENTS WITH MICHIGAN HEALTH LINK FUNDING THROUGH AN AGREEMENT WITH THE UPPER PENINSULA HEALTH PLAN. UPCAP SERVED 1,896 CLIENTS WITH LONG-TERM CARE FUNDING THROUGH AN AGREEMENT WITH THE VETERANS ADMINISTRATION. UPCAP PROVIDED 13,292 SERVICES, INCLUDING HOME DELIVERED MEALS AND CAREGIVER INFORMATION AND ASSISTANCE, TO CLIENTS WITH FUNDING RECEIVED THROUGH THE AGING AND ADULT SERVICES AGENCY. UPCAP MEDIATORS SERVED 248 CLIENTS WITH MEDIATION FUNDING RECEIVED THROUGH THE COMMUNITY DISPUTE RESOLUTION PROGRAM. UPCAP HANDLED 12,771 CALLS THROUGH THE 211 CALL CENTER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Mead President & CEO | Officer | 38 | $149,545 |
Dan Young Board Member | Trustee | 1 | $0 |
Jim Hill Board Member (ended 5/23) | Trustee | 1 | $0 |
Gerry Corkin Treasurer (deceased 9/23) | OfficerTrustee | 1 | $0 |
Craig Reiter Secretary | OfficerTrustee | 1 | $0 |
William Menge Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northern Home Care Services Inc In Home Care | 9/29/23 | $7,517,536 |
Menominee-delta-schoolcraft Caa In Home Care | 9/29/23 | $1,158,407 |
Chippewa-luce-mackinac Caa In Home Care | 9/29/23 | $1,038,300 |
Dickinson-iron Csa In Home Care | 9/29/23 | $827,740 |
Prac Holdings Inc Dba Arcadia Home Care In Home Care | 9/29/23 | $711,296 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,173 |
| Related organizations | $0 |
| Government grants | $6,275,695 |
| All other contributions, gifts, grants, and similar amounts not included above | $374,317 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,677,185 |
| Total Program Service Revenue | $23,883,220 |
| Investment income | $735,082 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $116,229 |
| Net Income from Fundraising Events | -$61,371 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,397,896 |
| 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. | $169,448 |
| Compensation of current officers, directors, key employees. | $43,336 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,899,022 |
| Pension plan accruals and contributions | $268,400 |
| Other employee benefits | $648,704 |
| Payroll taxes | $306,520 |
| Fees for services: Management | $55,841 |
| Fees for services: Legal | $48,534 |
| Fees for services: Accounting | $58,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,676,807 |
| Advertising and promotion | $70,895 |
| Office expenses | $210,116 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $517,059 |
| Travel | $146,256 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,428 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,881 |
| Insurance | $39,484 |
| All other expenses | $17,506 |
| Total functional expenses | $27,908,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,903 |
| Savings and temporary cash investments | $6,958,031 |
| Pledges and grants receivable | $1,061,362 |
| Accounts receivable, net | $2,233,982 |
| 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 | $97,980 |
| Net Land, buildings, and equipment | $1,206,043 |
| Investments—publicly traded securities | $25,782,833 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $633,874 |
| Total assets | $37,980,008 |
| Accounts payable and accrued expenses | $3,653,002 |
| Grants payable | $0 |
| Deferred revenue | $366,962 |
| 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 | $51,605 |
| Total liabilities | $4,071,569 |
| Net assets without donor restrictions | $33,855,378 |
| Net assets with donor restrictions | $53,061 |
| 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 | $37,980,008 |