2024-07-29T11:07:09-05:00 2022-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2021-07-01 260656828 FUND FOR UCAP FUND 4012720881 75 CARPENTER STREET PROVIDENCE RI 02903 LYNN PRENTISS EXECUTIVE DIRECTOR 4012720881 2024-07-26 1 NICHOLE REILLY CPA P01633587 5083669100 2024-07-26 2021 2024-08-08 14:25:15Z X LYNN PRENTISS 75 CARPENTER STREET PROVIDENCE RI 02903 416508 0 X WWW.UCAP.ORG X 2008 RI THE FUND FOR UCAP IS A PRIVATE NON-PROFIT CORPORATION THAT RAISES, HOLDS, AND INVESTS FUNDS FOR THE BENEFIT OF URBAN COLLABORATIVE ("UCAP").THE ORGANIZATION WAS ESTABLISHED TO ENHANCE THE FLEXIBILITY OF THOUGHTFUL INDIVIDUALS TO RAISE AND MANAGE FUNDS TO BENEFIT UCAP AND ITS STUDENTS. 12 11 0 11 0 0 518333 355747 0 0 6303 273 0 54649 524636 410669 26336 0 0 0 89560 0 0 0 146610 164454 297633 280350 297633 244286 113036 5072047 4138701 482 54100 5071565 4084601 THE FUND FOR UCAP ("FUND") SUPPORTS AT-RISK YOUTH FROM THE URBAN CORE OF RI BY PROVIDING ENRICHMENT ACTIVITIES, AFTER-SCHOOL ACTIVITIES, AND SUPPLEMENTAL SERVICES NOT COVERED BY TUITION PAID BY STATE AND LOCAL GOVERNMENTS. 0 0 104721 THE FUND ENHANCES THE FLEXIBILITY OF THOUGHTFUL INDIVIDUALS TO RAISE AND MANAGE FUNDS TO BENEFIT URBAN COLLABORATIVE AND ITS STUDENTS. 104721 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 1 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X LYNN PRENTISS 4012720881 75 CARPENTER STREET PROVIDENCE RI 02903 MICHAEL FINLEY PRESIDENT (UNTIL 6/30/21) 5.00 35.00 X X 0 98355 25424 LYNN PRENTISS PRESIDENT (AS OF 12/2021) 5.00 35.00 X X 0 0 0 PAULA DEBLOIS VICE CHAIR 1.00 X X 0 0 0 DAVID HAFFENREFFER VICE PRESIDENT 1.00 0.50 X X 0 0 0 GARY FRIEDMANN TREASURER 1.00 X X 0 0 0 DOUGLAS GRAY SECRETARY 1.00 X X 0 0 0 GIB CONOVER CHAIR 1.00 0.50 X X 0 0 0 DAN CORLEY BOARD MEMBER 1.00 X 0 0 0 COURT CORREIA BOARD MEMBER 1.00 X 0 0 0 WILLIAM JENNINGS BOARD MEMBER 1.00 X 0 0 0 BRUCIE HARVEY BOARD MEMBER 1.00 X 0 0 0 ANDREA JOSEPH BOARD MEMBER 1.00 X 0 0 0 PRINCESS SIRLEAF BOMBA BOARD MEMBER 1.00 X 0 0 0 0 98355 25424 0 0 0 0 0 355747 355747 273 273 60488 5839 54649 54649 410669 0 0 54922 8250 8250 72784 72784 10541 10541 3246 3246 STUDENT ACTIVITIES 104721 104721 FUNDRAISING 66227 66227 BAD DEBT 22470 22470 PROFESSIONAL DEVELOPMEN 7599 7599 1795 1795 297633 104721 46302 146610 1457286 6548 703356 64470 50 16209 31517 19500 2670 12017 100000 3400571 3400571 47000 0 5072047 4138701 482 1100 0 53000 482 54100 X 5071565 4084601 5071565 4084601 5072047 4138701 X 113036 -100000 -1000000 X X 0 1 X 0 0 X 1072821 561388 492876 518333 355747 3001165 1072821 561388 492876 518333 355747 3001165 509480 2491685 10303 27739 14547 6303 273 59165 3060330 0.81420 0.75730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31517 19500 12017 12017 INVESTMENT IN SUBSIDIARY FUND FOR UCAP REALTY 3400571 C 3400571 DUE TO RELATED PARTY 53000 53000 X PART X, LINE 2: THE FUNDS ACCOUNT FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE COMBINING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FUNDS HAVE DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE COMBINING FINANCIAL STATEMENTS AT JUNE 30, 2022. THE FUNDS' INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. RED & BLACK SPRING SOCIAL 60488 60488 3293 2546 60488 60488 3293 2546 5839 54649 FORM 990, PART I: THE ORGANIZATION IS FILING AN AMENDED RETURN FOR 6/30/2022 DUE TO UPDATED FINANCIAL STATEMENTS BEING ISSUED. INCLUDED IN THE AMENDED FORM 990 IS: AN UPDATE TO REVENUE AMOUNTS ON PAGE 9 AN UPDATE TO THE BALANCE SHEET AMOUNTS ON PAGE 11 AN UPDATE TO RECONCILING ITEMS ON PAGE 12 AN UPDATE TO SCHEDULE A AMOUNTS AN UPDATE TO SCHEDULE G AMOUNTS FORM 990, PART VI, SECTION A, LINE 5 DURING THE YEAR ENDED JUNE 30, 2022, THE FUND BECAME AWARE THAT AN EMPLOYEE OF URBAN COLLABORATIVE WAS MISAPPROPRIATING FUNDS. THE EMPLOYEE WAS TERMINATED, AND AN INVESTIGATION COMMENCED. THE FUND IDENTIFIED $1,000,000 OF ALLEGED MISAPPROPRIATED FUNDS. THE FUND IS PURSUING LEGAL ACTION AGAINST THE COLLABORATIVE'S FORMER EMPLOYEE AS WELL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S CERTIFIED PUBLIC ACCOUNTANTS. A DRAFT OF THE FORM 990 IS SUBMITTED TO THE PRESIDENT AND COMMITTEE FOR REVIEW. UPON ACCEPTANCE, THE FORM 990 IS SUBMITTED TO THE APPROPRIATE INDIVIDUAL FOR SIGNATURE AND FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE BOARD IS FAMILIAR WITH THE VENDORS AND IS ASKED TO DISCLOSE ANY CONFLICT OF INTERESTS WITH VENDORS AND ANY OTHER DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE FUND MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT ITS OFFICE. FORM 990, PART XI, LINE 9: MISAPPROPRIATION OF ASSETS -1,000,000. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. URBAN COLLABORATIVE 75 CARPENTER STREET PROVIDENCE RI 02903 050448102 SECONDARY SCHOOL RI 501(C)(3) LINE 2 0 FUND FOR UCAP REALTY COMPANY 75 CARPENTER STREET PROVIDENCE RI 02903 455298826 SUPPORTING ORGANIZATION RI 501(C)(3) LINE 12A, I 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0