Upmobility Foundation Inc
- Assets
- $24.2m
- Revenue
- $8.9m
- Investments
- $21.5m
- Employees
- 0
- Location
- Little Falls, NY
- Founding
- 02/2015
- Data as of
- 12/2023
- EIN
- 47-1689125
Organization Overview
Upmobility Foundation Inc is located in Little Falls, NY. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Upmobility Foundation 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 12/2023, Upmobility Foundation Inc generated $8.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 38.3% each year . All expenses for the organization totaled $4.7m during the year ending 12/2023. While expenses have increased by 47.8% per year over the past 9 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.
Since 2015, Upmobility Foundation Inc has awarded 168 individual grants totaling $11,453,309. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Babinec Director/president/treasurer | 1 | $0 | |
Michael Sciotti Chief Financial Officer | 1 | $0 | |
Peggy O'shea Interim Executive Director | 1 | $86,000 | |
Dave Read Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,394,015 |
| Interest on Savings | $63,145 |
| Dividends & Interest | $397,041 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$56,664 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $54,831 |
| Total Revenue | $8,852,368 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $86,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,547 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,680 |
| Printing and publications | $0 |
| Other expenses | $64,039 |
| Total operating and administrative expenses | $318,266 |
| Contributions, gifts, grants paid | $4,420,455 |
| Total expenses and disbursements | $4,738,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,701,547 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,202,521 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Upmobility Foundation Inc has awarded $4,420,455 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
ON POINT FOR COLLEGE PURPOSE: GENERAL CHARITABLE PURPOSES | $5,000 |
4 ELEMENTS STUDIO PURPOSE: GENERAL CHARITABLE PURPOSES | $20,000 |
MUCC PURPOSE: GENERAL CHARITABLE PURPOSES | $91,500 |
CATHOLIC CHARITIES OF HERKIMER COUNTY PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |
MVR CENTER FOR REFUGEES PURPOSE: GENERAL CHARITABLE PURPOSES | $90,000 |
CATHOLIC RELIEF SERVICES PURPOSE: GENERAL CHARITABLE PURPOSES | $5,000 |