Ua3 Inc
- Assets
- $833.9k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 13
- Location
- New York, NY
- Founding
- 10/2015
- Data as of
- 06/2023
- EIN
- 47-4803090
Organization Overview
Ua3 Inc is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Ua3 Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ua3 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 06/2023, Ua3 Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.5% each year . All expenses for the organization totaled $1.3m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED IN 2015, UA3 IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION WHOSE MISSION IS TO MAKE POSITIVE IMPACT AND LASTING IMPROVEMENT IN THE UNDERSERVED ASPECTS OF OUR COMMUNITIES THROUGH YOUTH EMPOWERMENT, EDUCATION, PROMOTION OF HEALTH AND MENTAL HEALTH, TO SUPPORT CREATION OF SOCIO-ECONOMIC OPPORTUNITIES, AND TO CHANNEL NEEDED RESOURCES FOR THE BETTERMENT OF THOSE IN NEED. UA3 STRIVES TO ACCOMPLISH OUR GOALS THROUGH PARTNERSHIP WITH PUBLIC AND PRIVATE SECTORS, EDUCATIONAL INSTITUTIONS AND COMMUNITY SOCIAL AND SERVICE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY FIRST FOOD PANTRY:- TO PROVIDE FRESH FOODS TO NEW YORK CITY RESIDENTS IN-NEED THROUGH THE COMMUNITY FIRST FOOD PANTRY. THE ORGANIZATION FOUNDED A FOOD PANTRY IN RESPONSE TO THE RAPID GROWTH OF FOOD INSECURITY AND SERVES UP TO 1,400 PEOPLE A WEEK.
PROGRAM MANAGEMENT FEES TO CONSULT AND DEVELOP AFFORDABLE AND LOW-INCOME HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Hong President | OfficerTrustee | 10 | $0 |
Orestes Jacinto Vice President | OfficerTrustee | 5 | $0 |
David Ho Secretary | OfficerTrustee | 5 | $0 |
Salome James Treasurer | OfficerTrustee | 5 | $0 |
Charles Wang Director | Trustee | 5 | $0 |
Veronica Cheong Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $66,990 |
| Membership dues | $0 |
| Fundraising events | $27,621 |
| Related organizations | $0 |
| Government grants | $23,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,030,329 |
| Noncash contributions included in lines 1a–1f | $736,545 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,148,440 |
| Total Program Service Revenue | $150,000 |
| Investment income | $4,129 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $372 |
| Net Income from Fundraising Events | $23,899 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,330,585 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,831 |
| Grants and other assistance to domestic individuals. | $736,545 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $91,761 |
| Compensation of current officers, directors, key employees. | $10,101 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,414 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,652 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $662 |
| Fees for services: Other | $31,246 |
| Advertising and promotion | $0 |
| Office expenses | $11,286 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,897 |
| Travel | $43,292 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,023 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,950 |
| Insurance | $4,434 |
| All other expenses | $0 |
| Total functional expenses | $1,265,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,456 |
| Savings and temporary cash investments | $167,798 |
| Pledges and grants receivable | $112,557 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $8,359 |
| Investments—publicly traded securities | $99,180 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $334,567 |
| Total assets | $833,917 |
| Accounts payable and accrued expenses | $42,492 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $336,514 |
| Total liabilities | $379,006 |
| Net assets without donor restrictions | $454,911 |
| 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 | $833,917 |
Grants Awarded
Over the last fiscal year, Ua3 Inc has awarded $12,800 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MANOR COMMUNITY CHURCH PURPOSE: SUPPORT ORGANIZATIONS NON-PROFIT OPERATIONS | $7,000 |
CHINESE-AMERICAN FAMILY ALLIANCE FOR MENTAL HEALTH ASSOCIATION INC PURPOSE: SUPPORT ORGANIZATIONS OPERATIONS | $5,800 |