Urban Economic Development
- Assets
- $491.2k
- Revenue
- $652.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 11/1997
- Data as of
- 12/2022
- EIN
- 39-1893799
Organization Overview
Urban Economic Development is located in Milwaukee, WI. The organization was established in 1997. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Urban Economic Development 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 12/2022, Urban Economic Development generated $652.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $528.9k during the year ending 12/2022. While expenses have increased by 9.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
UEDA IS A MEMBERSHIP ASSOCIATION DEDICATED TO THE PROFESSIONAL DEVELOPMENT OF INDIVIDUALS AND GROUPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHNICAL ASSISTANCE: UEDA RECEIVES U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) FUNDS FOR THE CITY OF MILWAUKEE TO PROVIDE TECHNICAL ASSISTANCE. PROJECTS INCLUDE COMMUNITY PLANNING/OUTREACH, EVICTION PREVENTION SERVICES, POLICY AND PROGRAM REVIEW, DATA ANALYSIS, AGENCY TRAINING, AND ORGANIZATIONAL PROJECTS TO STRENGTHEN THE OPERATIONS OF OTHER CDBG-FUNDED AGENCIES (I.E. FINANCIAL MANAGEMENT, STRATEGIC PLANNING, PROGRAM EVALUATION, TECHNOLOGY).
TAKE ROOT MILWAUKEE: UEDA HELPED LAUNCH THIS PROGRAM IN 2010, WHICH WORKS IN PARTNERSHIP WITH THE CITY OF MILWAUKEE, FREDDIE MAC AND 50+ MEMBERS TO PROMOTE SUSTAINABLE HOMEOWNERSHIP RESOURCES AND STRONG NEIGHBORHOODS. ACTIVITIES INCLUDE PROGRAM ADMINISTRATION, EVENT COORDINATION, PROMOTION OF HOMEOWNERSHIP EDUCATION SERVICES, CONNECTING CONSUMERS TO HOMEBUYING AND HOME REPAIR AND RESOURCES, AND WORKING TO MITIGATGE THE IMPACT OF FORECLOSURES ON NEIGHBORHOODS.CAPACITY BUILDING & MEMBERSHIP: UEDA PROVIDES INFORMATION, RESOURCES, AND NETWORKING OPPORTUNITIES TO ITS MEMBERS AND PARTNERS, WORKING TO KEEP THEM INFORMED ON ISSUES SUCH AS AFFORDABLE HOUSING, NEIGHBORHOOD REVITALIZATION, REAL ESTATE DEVELOPMENT, FINANCIAL CAPABILITY AND INCLUSION, LENDING, GOVERNMENT REGULATIONS, WORKFORCE ISSUES, REGIONAL TRANSPORTATION, AND SMALL BUSINESS SUPPORT. ACTIVITIES INCLUDE EVENTS, MONTHLY NEWSLETTER, TRAINING AND EDUCATION, AFFINITY GROUPS SUCH AS NONPROFIT LIFT, COMMITTEE SERVICE, AND SOCIAL MEDIA ENGAGEMENT.EVENTS: UEDA HOSTS THE ANNUAL COMMUNITY GATHERING AND EMERGING TOPICS IN ECONOMIC DEVELOPMENT SERIES, WHICH PROVIDE OPPORTUNITIES FOR BUSINESSES, GOVERNMENT AND COMMUNITY-BASED ORGANIZATIONS TO NETWORK, EXCHANGE IDEAS AND LEARN BEST PRACTICES ON ECONOMIC AND COMMUNITY DEVELOPMENT ISSUES. UEDA ALSO HAS AN ANNUAL FUNDRAISER EACH YEAR, "CARNIVAL MILWAUKEE," WHICH HIGHLIGHTS LOCAL BUSINESSES AND CULTURAL PARTNERS.
FINANCIAL EMPOWERMENT: UEDA HOSTS THE BANK ON GREATER MILWAUKEE COALITION, PART OF A NATIONAL NETWORK THAT WORKS TO CONNECT PEOPLE TO SAFE AND AFFORDABLE FINANCIAL PRODUCTS AND SERVICES. THIS CROSS-SECTOR INITIATIVE IS A COLLABORATION BETWEEN FINANCIAL INSTITUTIONS, COMMUNITY-BASED ORGANIZATIONS AND LOCAL GOVERNMENT TO ENSURE THAT ALL RESIDENTS HAVE THE OPPORTUNITY TO BE FINANCIALLY HEALTHY AND ARE CONNECTED TO RESOURCES THEY CAN TRUST.
CONTRACTED SERVICES: UEDA OFFERS SERVICES SUCH AS STRATEGIC PLANNING, EVENT COORDINATION, COMMUNITY OUTREACH, EVALUATION/RESEARCH, FISCAL SPONSORSHIP AS A FEE-FOR-SERVICE. RECENT PROJECTS INCLUDE WORK WITH SOUTHEASTERN WISCONSIN REGIONAL PLANNING COMMISSION (SEWRPC), KIN UNIVERSE, METCALFE PARK COMMUNITY BRIDGES, UPSTART KITCHEN, AND WI STUDENT LOAN DEBT COALITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Markoff President | OfficerTrustee | 1 | $0 |
Nikki Payne Vice President | OfficerTrustee | 1 | $0 |
Nathan Guequierre Secretary | OfficerTrustee | 1 | $0 |
Katie Madison Treasurer | OfficerTrustee | 1 | $0 |
Vaughn Barker Director | Trustee | 1 | $0 |
Sherri Jordan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,320 |
| Fundraising events | $33,543 |
| Related organizations | $0 |
| Government grants | $124,718 |
| All other contributions, gifts, grants, and similar amounts not included above | $470,475 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $653,056 |
| Total Program Service Revenue | $7,250 |
| Investment income | $24 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,547 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $652,783 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,437 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $74,735 |
| Compensation of current officers, directors, key employees. | $7,145 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $144,603 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,870 |
| Payroll taxes | $15,010 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,278 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $200,685 |
| Advertising and promotion | $200 |
| Office expenses | $16,426 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,300 |
| Travel | $2,515 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,325 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,924 |
| All other expenses | $0 |
| Total functional expenses | $528,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $314,988 |
| Pledges and grants receivable | $164,147 |
| Accounts receivable, net | $1,000 |
| 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 | $1,350 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,680 |
| Total assets | $491,165 |
| Accounts payable and accrued expenses | $13,309 |
| 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 | $7,712 |
| Total liabilities | $21,021 |
| Net assets without donor restrictions | $54,702 |
| Net assets with donor restrictions | $415,442 |
| 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 | $491,165 |