Ubi Charitable Inc
- Assets
- $14.8m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Oakland, CA
- Founding
- Data as of
- 12/2021
- EIN
- 84-4621271
Organization Overview
Ubi Charitable Inc is located in Oakland, CA. According to its NTEE Classification (T05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ubi Charitable 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, Ubi Charitable Inc generated $5.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (54.8%) each year. All expenses for the organization totaled $13.2m 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
UBI CHARITABLE SUPPORTS INITIATIVES AIMED AT OFFSETTING THE SOCIETAL IMPACTS OF TECHNOLOGICAL ADVANCES IN VARIOUS FIELDS, AND DISTRIBUTING THE BENEFITS OF SUCH TECHNOLOGY MORE EQUITABLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UBI CHARITABLE MAKES GRANTS TO ORGANIZATIONS THAT RUN UNIVERSAL BASIC INCOME PROGRAMS, AND OTHER POLICIES AND PROGRAMS AIMED AT BROADLY DISTRIBUTING THE BENEFITS OF TECHNOLOGICAL ADVANCEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Clark President/treas | OfficerTrustee | 5 | $0 |
Jacob Trefethen Secretary | OfficerTrustee | 2 | $0 |
Alex Nawar 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 | $5,315,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,315,000 |
| Total Program Service Revenue | $0 |
| Investment income | $10,126 |
| 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 | $5,325,126 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,200,000 |
| 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. | $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 | $0 |
| Fees for services: Legal | $281 |
| Fees for services: Accounting | $5,788 |
| 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 | $721 |
| 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 | $2,210 |
| All other expenses | $0 |
| Total functional expenses | $13,209,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,812,467 |
| 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 | $5,223 |
| 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 | $14,817,690 |
| 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 | $14,817,690 |
| 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 | $14,817,690 |
Grants Awarded
Over the last fiscal year, Ubi Charitable Inc has awarded $13,200,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: Program Support | $6,613,200 |
Chicago, IL PURPOSE: Program Support | $6,586,800 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ubi Charitable Inc has recieved totaling $315,000.
| Awarding Organization | Amount |
|---|---|
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $300,000 |
Elkes Foundation Iii New York, NY PURPOSE: CHARITABLE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friday Foundation Medina, WA | $32,805,393 | $16,602 |
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Jewish Federation Council Of Greater Los Angeles Los Angeles, CA | $190,865,704 | $43,794,151 |
Community Initiatives Oakland, CA | $48,904,163 | $57,867,676 |
Aloha United Way Inc Honolulu, HI | $26,512,053 | $42,755,517 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |
Santa Barbara Foundation Santa Barbara, CA | $456,585,072 | $53,590,434 |
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |
Wayne & Gladys Valley Charitable Foundation Oakland, CA | $270,742,115 | $3,705,667 |
Waterstone Support Foundation Inc Colorado Springs, CO | $127,103,327 | $45,122,757 |
The San Bruno Community Foundation San Bruno, CA | $57,381,282 | $2,122,835 |