Upmobility Foundation Inc
- Assets
- $5.3m
- Revenue
- $7.9m
- Investments
- $4.8m
- Employees
- 0
- Location
- Little Falls, NY
- Founding
- 02/2015
- Data as of
- 12/2021
- 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 12/2021, Upmobility Foundation Inc generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 49.3% each year . All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 50.9% 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.
Since 2015, Upmobility Foundation Inc has awarded 35 individual grants totaling $2,667,847. 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
2021
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 |
|---|---|---|---|
Peggy O'shea Director | 1 | $47,100 | |
Martin Babinec Director/president/treasurer | 1 | $0 | |
Kevin Langley Secretary/ Executive Director | 1 | $0 | |
Andrea Babinec Advisor | 1 | $0 | |
Michael Sciotti Chief Financial Officer | 1 | $0 | |
Krista Babinec Advisor | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,148,800 |
| Interest on Savings | $654 |
| Dividends & Interest | $89,192 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,690,450 |
| Capital Gain Net Income | $3,690,450 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,929,096 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $47,100 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $251 |
| Other expenses | $11,481 |
| Total operating and administrative expenses | $162,089 |
| Contributions, gifts, grants paid | $2,340,723 |
| Total expenses and disbursements | $2,502,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $499,139 |
| 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 | $5,261,934 |
| 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 $2,340,723 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
LITTLE FALLS FAMILY YMCA PURPOSE: GENERAL CHARITABLE PURPOSES | $503,550 |
Cooperstown, NY PURPOSE: GENERAL CHARITABLE PURPOSES | $500,000 |
ARC HERKIMER PURPOSE: GENERAL CHARITABLE PURPOSES | $350,000 |
CITY SCHOOL DISTRICT OF THE CITY OF LITTLE FALLS PURPOSE: GENERAL CHARITABLE PURPOSES | $201,174 |
Coconut Creek, FL PURPOSE: GENERAL CHARITABLE PURPOSES | $125,000 |
Coconut Creek, FL PURPOSE: GENERAL CHARITABLE PURPOSES | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |