Upstate Minority Economic Alliance Inc
- Assets
- $44.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Syracuse, NY
- Founding
- 11/2017
- Data as of
- 12/2018
- EIN
- 81-1046358
Organization Overview
Upstate Minority Economic Alliance Inc is located in Syracuse, NY. The organization was established in 2017. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Upstate Minority Economic Alliance Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2018, Upstate Minority Economic Alliance Inc generated $161.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $143.2k during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3
THE UPSTATE MINORITY ECONOMIC ALLIANCE, INC. IS A NOT-FOR-PROFIT ORGANIZATION WHOSE PRIMARY PURPOSE IS TO PROMOTE THE GENERAL WELFARE AND PROSPERITY OF UPSTATE NEW YORK THROUGH ENHANCED MINORITY ECONOMIC OPPORTUNITY; ADVANCE THE CIVIC, COMMERCIAL, ECONOMIC, INDUSTRIAL AND AGRICULTURAL INTERESTS OF THE MINORITY BUSINESS COMMUNITY IN UPSTATE NEW YORK; FOSTER TRADE, COMMERCE AND ECONOMIC ACTIVITY IN CENTRAL UPSTATE NEW YORK; PROMOTE; MAINTAIN AND SUSTAIN ECONOMIC PROGRESS FOR MINORITY BUSINESS ENTERPRISES IN UPSTATE NEW YORK; AND SUSTAIN ECONOMIC PROGRESS FOR MINORITY BUSINESS ENTERPRISES IN UPSTATE NEW YORK; AND SUPPORT YOUTH ENTREPRENEURSHIP WITH PROGRAMMING AND INTERNSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manuel A Arroyo Secretary | 1 | $0 | |
Bishop Ronald Dewberry Director | 1 | $0 | |
Edward Cuello President | 1 | $0 | |
Me'shae Brooks-Rolling Vice President | 1 | $0 | |
Laura Cueva Director | 1 | $0 | |
Ricky T Brown Executive Director | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,050 |
| Total Program Service Revenue | $0 |
| Membership dues | $14,013 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $8,499 |
| Other Revenue | $0 |
| Total Revenue | $161,562 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $86,690 |
| Professional fees and other payments to independent contractors | $30,727 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $694 |
| Other expenses | $24,473 |
| Total expenses | $143,229 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,285 |
| Other assets | $0 |
| Total assets | $44,792 |
| Total liabilities | $11,408 |
| Net assets or fund balances | $33,384 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Upstate Minority Economic Alliance Inc has recieved totaling $55,000.
| Awarding Organization | Amount |
|---|---|
Allyn Foundation Inc Skaneateles, NY PURPOSE: TO SUPPORT EXECUTIVE DIRECTOR POSITION (2ND AND FINAL PMT. ON $80,000 PLEDGE) | $40,000 |
Central New York Community Foundation Inc Syracuse, NY PURPOSE: STAFF SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Conference Board Inc New York, NY | $64,541,991 | $72,603,284 |
Securities Industry And Financial Markets Association Inc New York, NY | $42,827,387 | $47,657,181 |
34th Street Partnership Inc New York, NY | $17,652,180 | $14,359,330 |
Grand Central Partnership Inc New York, NY | $10,906,247 | $13,880,529 |
Pennsylvania Compensation Rating Bureau Philadelphia, PA | $10,444,965 | $13,500,527 |
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc Brooklyn, NY | $54,916,417 | $14,539,539 |
Can Do Inc Hazleton, PA | $88,120,031 | $19,938,198 |
York County Economic Alliance York, PA | $4,435,375 | $9,671,986 |
Ascendus Inc New York, NY | $45,777,812 | $14,588,685 |
Bridgeway Capital Inc Pittsburgh, PA | $100,800,088 | $11,446,748 |
Altoona-Blair County Development Corporation Altoona, PA | $122,969,142 | $33,416,279 |
Greater Wilkes-Barre Industrial Fund Inc Wilkesbarre, PA | $1,685,287 | $7,409,722 |