New Urbanomics Inc
- Assets
- $932.7k
- Revenue
- $671.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Sandy, UT
- Founding
- 07/2016
- Data as of
- 12/2022
- EIN
- 46-4096115
Organization Overview
New Urbanomics Inc is located in Sandy, UT. The organization was established in 2016. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Urbanomics 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 12/2022, New Urbanomics Inc generated $671.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $620.7k during the year ending 12/2022. While expenses have increased by 15.7% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP: NEW URBANOMICS'S BUILDING EXISTS TO HELP ALL ENTREPRENEURS INCLUDING WOMEN AND MINORITIES BY PROVIDING A PROFESSIONAL PLACE TO OFFICE AT A BELOW MARKET RATE AND BY SURROUNDING THE ENTREPRENEUR WITH OTHER LIKE MINDED INDIVIDUALS WHICH PROVIDES AN ENVIRONMENT WHERE THE ENTREPRENEUR CAN RECEIVE EDUCATION, COUNSEL AND TRAINING THAT WILL ASSIST IN CREATING A SUCCESSFUL BUSINESS. . ALL REVENUE OVER EXPENSES GO TO HELPING WOMEN, MINORITIES, AND DEVELOPING WORLD ENTREPRENEURS LAUNCH SUSTAINABLE BUSINESSES. . MEMBERSHIP FEES ALLOW THE ORGANIZATION TO HOST EVENTS FOR THE ADVANCEMENT OF EDUCATION BY EDUCATING STUDENTS AND STRUGGLING ENTREPRENEURS ABOUT HOW TO BUILD A SUCCESSFUL BUSINESS. ENTREPRENEURS AND OTHERS ASSOCIATED WITH NEW URBANOMICS WILL OFFER MENTORSHIP AND OTHER AFTER SCHOOL PROGRAMS FOCUSED ON PROVIDING EDUCATION RELATED TO COMPUTER CODING AND ENTREPRENEURSHIP. NEW URBANOMICS WILL ALSO HOST AND SPONSOR ENTREPRENEUR SEMINARS FOR THE GENERAL PUBLIC. THESE TYPES OF ACTIVITIE
CAFE: THE ORGANIZATION PROVIDES A CAFE TO THE COMMUNITY OF ENTREPRENEURS, NON-PROFIT ORGANIZATIONS, WOMEN, MINORITIES, STUDENTS AND NETWORKING GROUPS MEETING IN THE UNIQUE WORKSPACE ENVIRONMENT. . DIRECT CAFE EXPENSES: - COST OF GOODS 32,602 - CAFE PAYROLL 5,714
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Edmunds CEO | 40 | $134,385 | |
Mike Krause Secretary | 0 | $0 | |
Jane Ann Craig CFO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $671,634 |
| Total Revenue | $671,634 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $134,385 |
| Other employee salaries and wages | $54,310 |
| Pension plans, employee benefits | $15,076 |
| Interest | $47,378 |
| Taxes | $6,549 |
| Depreciation | $57,591 |
| Occupancy | $146,088 |
| Travel, conferences, and meetings | $37 |
| Printing and publications | $0 |
| Other expenses | $156,555 |
| Total operating and administrative expenses | $620,724 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $620,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $491,250 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $14,822 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $350 |
| Inventories for sale or use | $8,643 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $417,670 |
| Other assets | $0 |
| Total assets | $932,735 |
| Accounts payable and accrued expenses | $36,153 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,792,851 |
| Total liabilities | $1,829,004 |
Grants Awarded
Over the last fiscal year, New Urbanomics Inc has awarded $663 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
INTERMOUNTAIN CHRISTIAN SCHOOL PURPOSE: GENERAL SUPPORT | $625 |
KIVA PURPOSE: GENERAL SUPPORT | $38 |