Urban Manufacturing Alliance
- Assets
- $488.3k
- Revenue
- $694.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Brooklyn, NY
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-2847445
Organization Overview
Urban Manufacturing Alliance is located in Brooklyn, NY. The organization was established in 2015. 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. As of 12/2021, Urban Manufacturing Alliance employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Urban Manufacturing Alliance 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, Urban Manufacturing Alliance generated $694.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $465.2k during the year ending 12/2021. While expenses have increased by 22.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
UMA IS A COALITION WORKING TOWARDS SUSTAINING AND GROWING MANUFACTURING IN CITIES. UMA BRINGS PARTICIPANTS TOGETHER TO DEVELOP BEST PRACTICES AROUND ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, UMA CONTINUED TO REALIZE OUR POSITION AS ADVOCATES FOR MANUFACTURING AS A WEALTH BUILDING STRATEGY THROUGH OUR COMMUNITIES OF PRACTICE, COHORT INITIATIVES, ORIGINAL RESEARCH IN PARTNERSHIP WITH OUR NETWORK OF OVER 2,000 PRACTITIONERS. WE HAD THREE PREDOMINANT TOPICS OF FOCUS CAPITAL ACCESS PATHWAYS TO PATIENT CAPITAL, ECOSYSTEM-BUILDING LOCAL BRANDING, BAY AREA URBAN MANUFACTURING INITIATIVE, DESIGN JAMS, WORKFORCE DEVELOPMENT INDUSTRY INCLUSION. CAPITAL ACCESS STARTING IN 2019, UMA CONVENED A COHORT OF INNOVATIVE CAPITAL PROVIDERS TO HONE THEIR FOCUS ON MANUFACTURING STRENGTHEN PATIENT, FLEXIBLE CAPITAL PRODUCTS VIA OUR PATHWAYS TO PATIENT CAPITAL PROGRAM. THROUGHOUT 2021, OUR COHORT CREATED SOLUTIONS TO CAPITAL ACCESS GAPS FOR MANUFACTURING BUSINESSES, PARTICULARLY THOSE WITH OWNERS OF COLOR. WE CONVENED A GROUP OF POLICYMAKERS, INVESTORS, OTHER THOUGHT-LEADERS IN THE CAPITAL ACCESS SPACE THROUGH A CAPITAL AXXESS ADVISORY BOARD CAAB. SEE SCHEDULE O FOR CONTINUATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Wellington Executive Director | OfficerTrustee | 40 | $87,360 |
Katharine Stanton Program And Membership Director | OfficerTrustee | 40 | $82,092 |
Adam Friedman Board Chair And President | OfficerTrustee | 5 | $0 |
Eric Strickland Treasurer | OfficerTrustee | 1 | $0 |
Elizabeth Demetriou Aicp Secretary | OfficerTrustee | 1 | $0 |
Matt Clayson Director | Trustee | 1 | $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 | $419,665 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $419,665 |
| Total Program Service Revenue | $205,431 |
| 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 | $694,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $169,452 |
| Compensation of current officers, directors, key employees. | $30,049 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,657 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,448 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,281 |
| Advertising and promotion | $0 |
| Office expenses | $1,719 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,210 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,480 |
| All other expenses | $414 |
| Total functional expenses | $465,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $393,686 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $93,208 |
| 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 | $1,420 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $488,314 |
| Accounts payable and accrued expenses | $20,781 |
| Grants payable | $0 |
| Deferred revenue | $127,500 |
| 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 | $0 |
| Total liabilities | $148,281 |
| Net assets without donor restrictions | $340,033 |
| Net assets with donor restrictions | $0 |
| 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 | $488,314 |
Grants Awarded
Over the last fiscal year, Urban Manufacturing Alliance has awarded $21,443 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Brooklyn, NY PURPOSE: To fund programs that integrate advocay, research, service toward a more sustainable, equitable NYC. | $20,000 |
SEATTLE GOOD BUSINESS NETWORK PURPOSE: To connect and inspire people to buy, produce, invest locally to ensure the local economy furthers the common good creating economic opportunity for all to relieve poverty. | $1,443 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Urban Manufacturing Alliance has recieved totaling $205,000.
| Awarding Organization | Amount |
|---|---|
Ewing Marion Kauffman Foundation Kansas City, MO PURPOSE: SUPPORT FORCREATING MORE EQUITABLE FINANCIAL SYSTEMS THAT SUPPORT SMALL MANUFACTURERS OF COLOR BY CONDUCTING FOCUS GROUPS, PUBLISHING POLICY BRIEFS, AND EDUCATING POLICYMAKERS. 202105-10479 | $170,000 |
Zebras Unite Portland, OR PURPOSE: To further organizations mission | $25,000 |
Daniel Foundation Of Alabama Birmingham, AL PURPOSE: CHARITABLE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
43north Bpc Inc Buffalo, NY | $13,425,800 | $3,001,464 |
Grameen America Inc Jackson Heights, NY | $237,127,552 | $50,248,348 |
Harristown Development Corporation Harrisburg, PA | $29,766,695 | $19,028,512 |
Homestart Inc Boston, MA | $5,713,584 | $14,864,192 |
The Community Action Agency Of Western Connecticut Inc Danbury, CT | $3,614,776 | $12,103,732 |
Massachusetts Manufacturing Extension Partnership Inc Auburn, MA | $5,456,400 | $10,807,956 |
Greater Jamaica Development Corp Jamaica, NY | $43,416,674 | $8,397,998 |
South Bronx Overall Economic Development Corporation Bronx, NY | $11,273,834 | $9,485,057 |
Dorchester Bay Economic Development Corporation Dorchester, MA | $50,118,730 | $16,286,134 |
National Basketball Association Foundation New York, NY | $26,984,536 | $31,000,000 |
Newark Downtown District Management Corporation Newark, NJ | $7,203,712 | $5,205,083 |
Rdc Commercial Center Inc Brooklyn, NY | $15,313,985 | $4,091,889 |