Upward Bound Foundation Incorporated
- Assets
- $0.0
- Revenue
- $67.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Potomac, MD
- Founding
- 03/2001
- Data as of
- 12/2021
- EIN
- 52-2268245
Organization Overview
Upward Bound Foundation Incorporated is located in Potomac, MD. The organization was established in 2001. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Upward Bound Foundation Incorporated 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, Upward Bound Foundation Incorporated generated $67.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.4%) each year. All expenses for the organization totaled $44.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (22.9%) per year over the past 7 years. 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
EDUCATION IMPROVEMENT FOR CHILDREN/STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE DIRECT SUPPORT PER ORGANIZATION EXEMPT PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leroy Pingho President | OfficerTrustee | 5 | $0 |
Anne Pingho Director | OfficerTrustee | 2 | $0 |
Patrice Brickman Director | Trustee | 2 | $0 |
Scott Brickman Director | Trustee | 2 | $0 |
John White Director | Trustee | 2 | $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 | $65,073 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,073 |
| Total Program Service Revenue | $0 |
| Investment income | $2,255 |
| 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 | $67,328 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $44,242 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $95 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $44,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Upward Bound Foundation Incorporated has awarded $49,520 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHRIS NEWPORT COLL PURPOSE: Scholerships | $12,000 |
BAYLOR UNIV PURPOSE: Scholerships | $10,000 |
WASH HOSPITAL CTR PURPOSE: Heart Fund | $10,000 |
WASH HOSPITAL CTR PURPOSE: Cancer Fund | $10,000 |
RESIDENCES OELLA MILLS PURPOSE: Ebola Fund | $7,520 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Upward Bound Foundation Incorporated has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The@scott And Patrice Brickman Family Foundation Potomac, MD PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ten Thousand Villages Akron, PA | $14,547,846 | $9,360,200 |
Respectability Rockville, MD | $5,368,884 | $3,667,866 |
Concordia Tele Caregivers Cabot, PA | $692,330 | $2,060,738 |
Human Services Center Corporation Turtle Creek, PA | $9,665,367 | $2,664,804 |
Cil Cares Scranton, PA | $643,461 | $1,158,820 |
Hunter Lewis Foundation Edinburg, VA | $11,546,934 | $10,116 |
Pa Women Work An Affiliate Of The National Network For Womens Pittsburgh, PA | $680,841 | $1,397,650 |
Ride With Us Inc Westminster, MD | $1,213,899 | $1,484,095 |
Common Market Philadelphia Inc Philadelphia, PA | $17,381,652 | $3,063,615 |
Kingdom Fellowship Community Development Corporation Silver Spring, MD | $954,778 | $1,971,532 |
Tash Pittsburgh, PA | $6,339,971 | $1,367,776 |
Evangelical Services For The Aging Warminster, PA | $1,009,737 | $829,262 |