U Inc
- Assets
- $356.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 09/2001
- Data as of
- 12/2023
- EIN
- 88-0422366
Organization Overview
U Inc is located in Las Vegas, NV. The organization was established in 2001. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, 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. U Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2023, U Inc generated $44.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $57.8k during the year ending 12/2023. While expenses have increased by 2.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Program Activity:
Part 3
TO HOLD TITLE TO PROPERTY ON BEHALF OF THE TWO UNION TENANTS (OWNERS) AND PAY THE OPERATING COSTS RELATED OF THE BUILDING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glen Norton President | 1 | $0 | |
Jerry Penn Secretary | 1 | $0 | |
Nancy Birdsong Treasurer | 1 | $0 | |
Christopher Washington Director | 1 | $0 | |
Paul Peterman Director | 1 | $0 | |
Terrance Johnson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $44,392 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $44,392 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $2,636 |
| Professional fees and other payments to independent contractors | $1,688 |
| Occupancy, rent, utilities, and maintenance | $39,912 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,580 |
| Total expenses | $57,816 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,818 |
| Other assets | $0 |
| Total assets | $356,457 |
| Total liabilities | $101 |
| Net assets or fund balances | $356,356 |