Union Capital Boston Inc

Organization Overview

Union Capital Boston Inc is located in Boston, MA. The organization was established in 2015. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 06/2022, Union Capital Boston Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Union Capital Boston 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 06/2022, Union Capital Boston Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $879.3k during the year ending 06/2022. While expenses have increased by 20.3% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST INDIVIDUALS, FAMILIES AND COMMUNITITES IN THEIR EFFORTS TO OVERCOME POVERTY AND TO CREATE A MOBILE BASED LOYALTY PROGRAM FOR LOW INCOME FAMILIES THAT PROVIDES SOCIAL AND FINANCIAL SERVICE REWARDS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDED PROGRAM REWARDS OF $169,458 WHICH SUPPORTED AND PROMOTED THE CIVIC AND SOCIAL ENGAGEMENT OF APPROXIMATELY 2,600 MEMBERS DURING THE YEAR ENDED JUNE 30, 2022.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Perez
Treasurer
$0
Peter Alvarez
Chair
$0
Joshua Varon
Vice Chair
$0
R Nikki Barnes
Clerk
$0
Trayce B Booth
Director
$0
Claudia Osorio
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$788,811
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$788,811
Total Program Service Revenue$267,017
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,073,104

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Union Capital Boston Inc has recieved totaling $127,142.

Awarding OrganizationAmount
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$81,239
Lynch Foundation

Boston, MA

PURPOSE: PROGRAM EXPANSION

$25,000
Boston Schools Fund Inc

Boston, MA

PURPOSE: TO SUPPORT THE FAMILY ENGAGEMENT PARTNERSHIP PROGRAM PILOT AT 3 BSF PORTFOLIO SCHOOLS

$15,000
Center For Economic Democracy

Boston, MA

PURPOSE: EVENT SUPPORT GRANT

$5,903
View Grant Recipient Profile

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