Future Urban Leaders Foundation Inc
- Assets
- $201.5k
- Revenue
- $242.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Milwaukee, WI
- Founding
- 02/2019
- Data as of
- 12/2021
- EIN
- 82-3290408
Organization Overview
Future Urban Leaders Foundation Inc is located in Milwaukee, WI. The organization was established in 2019. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. As of 12/2021, Future Urban Leaders Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Future Urban Leaders 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, Future Urban Leaders Foundation Inc generated $242.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 64.9% each year . All expenses for the organization totaled $157.7k during the year ending 12/2021. 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
FUTURE UBAN LEADERS IS AN OFFICIAL NONPROFIT ENTITY COMPRISED OF SCHOLARS, TEACHERS, COMMUNITY MEMBERS, AND VOLUNTEERS WITH A COMMON GOAL OF HELPING MILWAUKEES URBAN YOUTH TO GROW AND SUCCEED. WE DO THIS BY PROVIDING UN
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMICS FUTURE URBAN LEADERS PROVIDES ACADEMIC SUPPORT TO AND THROUGH COLLEGE FOR SCHOLARS AS PART OF THEIR CORE MISSION
MENTORSHIP FUTURE URBAN LEADERS MENTOR SCHOLARS TO EMPOWER THEM TO DEVELOP THEIR LEADERSHIP SKILLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lakesha Jones Executive Director Former | Officer | 40 | $41,413 |
Nasif Rogers Vice President/executive Board | OfficerTrustee | 1 | $0 |
Brandon Vonck Board President/executive Committee | OfficerTrustee | 1 | $0 |
Matt Snyder Secretary/executive Board | OfficerTrustee | 1 | $0 |
Lachrissa Spriggs Gillespie Treasurer/executive Board | OfficerTrustee | 1 | $0 |
Alex Prodoehl Board Member | 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 | $226,716 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,716 |
| Total Program Service Revenue | $0 |
| 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 | $16,194 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $242,926 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $41,413 |
| Compensation of current officers, directors, key employees. | $41,413 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,351 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,867 |
| Payroll taxes | $2,531 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,762 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,496 |
| Advertising and promotion | $0 |
| Office expenses | $3,199 |
| Information technology | $3,000 |
| 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 | $2,102 |
| All other expenses | $0 |
| Total functional expenses | $157,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,149 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,345 |
| 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 | $201,494 |
| Accounts payable and accrued expenses | $9,656 |
| 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 | $9,656 |
| Net assets without donor restrictions | $189,288 |
| Net assets with donor restrictions | $2,550 |
| 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 | $201,494 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Future Urban Leaders Foundation Inc has recieved totaling $176,000.
| Awarding Organization | Amount |
|---|---|
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: SUSTAINING SUPPORT | $80,500 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: SUSTAINING SUPPORT | $80,500 |
Full Of Grace Foundation Inc El Dorado Hills, CA PURPOSE: SUPPORTING THE MISSION OF BLACK AND BROWN OWNED BUSINESSES AND NONPROFITS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Service Society Of Wisconsin Milwaukee, WI | $14,842,492 | $52,689,680 |
Warm Blankets Childrens Foundation Inc Rolling Meadows, IL | $1,863,043 | $8,239,243 |
Running Rebels Community Organization Inc Milwaukee, WI | $6,399,369 | $7,453,258 |
Kids Around The World Inc Rockford, IL | $3,875,247 | $5,941,547 |
Center Of The American Experiment Golden Valley, MN | $2,778,066 | $5,418,684 |
Northern Lights Junior Volleyball Inc Burnsville, MN | $2,344,363 | $4,802,120 |
Youth & Opportunity United Inc Evanston, IL | $12,497,971 | $3,232,601 |
Life House Incorporated Duluth, MN | $3,542,824 | $3,195,921 |
Uncommon Sports Group St Louis Park, MN | $1,690,784 | $2,171,450 |
Good Will Farm Association Houghton, MI | $7,890,594 | $2,002,394 |
Crisis Nursery Urbana, IL | $5,150,005 | $1,857,536 |
Homework Hangout Club Decatur, IL | $500,272 | $1,621,582 |