2025-10-28T10:26:28-04:00 2024-12-31 383133790 ANDREWS HOOPER PAVLIK PLC 2311 EAST BELTLINE AVE SE STE 200 GRAND RAPIDS MI 49546 990 2024-01-01 452471096 UP BUSINESS CAPITAL UPBU 9062285571 101 W WASHINGTON STREET STE 9 MARQUETTE MI 49855 ELIZABETH SANGALLI PRESIDENT, BRD CHAIR 9062285571 2025-10-16 true true MAGGIE M TUCHOLSKI P01865981 6169426440 2025-10-16 2024 2025-03-06 01:10:19Z ELIZABETH SANGALLI 101 W WASHINGTON STREET MARQUETTE MI 49855 20354 false X NONE X 2002 MI TO PROVIDE TAILORED BUSINESS SOLUTIONS TO ADVANCE AND CONNECT RURAL ECONOMIES. 10 7 0 7 0 0 22291 20193 64 161 0 22355 20354 0 0 0 0 0 46592 54301 46592 54301 -24237 -33947 604836 509955 474256 414547 130580 95408 TO PROVIDE TAILORED BUSINESS SOLUTIONS TO ADVANCE AND CONNECT RURAL ECONOMIES AND THEIR COMMUNITIES. false false 32550 20193 PROVIDED AFFORDABLE ACCESS TO CAPITAL TO RURAL UNDERSERVED MARKETS FROM THE CORPORATION'S REVOLVING LOAN FUND. 32550 true false false false false false false false false false false false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 false 0 false false false false false false false false false false false false X 10 7 false true false false false true false true false false false true true true true true true false false false MI X ELIZABETH SANGALLI 9062285571 101 W WASHINGTON STREET SUITE 9 MARQUETTE MI 49855 ELIZABETH SANGALLI PRESIDENT, B 1.00 40.00 X X 0 197450 17569 JILL MILLER BOARD DIRECT 1.00 40.00 X 0 128357 32970 CHARLES H HURST BOARD SECRET 1.00 40.00 X X 0 124826 9614 NADIA BRIGHAM BOARD DIRECT 0.02 0.50 X 0 0 0 PETER GRAVES BOARD DIRECT 0.02 0.50 X 0 0 0 ALFRED JOYAL III BOARD DIRECT 0.02 0.50 X 0 0 0 CAROL JOHNSON TREASURER 0.02 0.50 X X 0 0 0 WES MAURER JR BOARD DIRECT 0.02 0.50 X 0 0 0 BRIAN SHERIDAN BOARD DIRECT 0.02 0.50 X 0 0 0 THOMAS VEAR BOARD DIRECT 0.02 0.50 X 0 0 0 450633 60153 false true false LOAN INTEREST 525990 19789 19789 LOAN FEES 525990 404 404 20193 161 161 20354 20193 161 44999 23248 21751 4040 4040 4257 4257 OTHER OPERATING 1005 1005 54301 32550 21751 0 357635 306363 245764 202404 1437 1188 604836 509955 463381 405329 10875 9218 474256 414547 X 130580 95408 130580 95408 604836 509955 X -33947 -1225 X false true X false false X 1313 1313 53358 47128 35041 20978 20193 176698 53358 47128 35041 22291 20193 178011 178011 17 5 8 64 161 255 17 5 8 64 161 255 53375 47133 35049 22355 20354 178266 0.99860 0.99940 0.00000 0.00000 X DUE TO OTHER FUNDS 9218 9218 X SCHEDULE D, PAGE 3, PART X UP BUSINESS CAPITAL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO UP BUSINESS CAPITALS TAX EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. SINCE UP BUSINESS CAPITAL IS EXEMPT FROM FEDERAL INCOME TAXES, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. UP BUSINESS CAPITAL DID NOT RECEIVE ANY UNRELATED BUSINESS INCOME IN 2024. GENERALLY, THE PRIOR THREE TAX YEARS REMAIN OPEN TO EXAMINATION. UP BUSINESS CAPITAL DOES NOT BELIEVE THAT THE RESULTS FROM THE EXAMINATION OF ANY OPEN YEARS WOULD HAVE A MATERIAL ADVERSE EFFECT ON UP BUSINESS CAPITAL. false false false false false false false false false ELIZABETH SANGALLI PRESIDENT, BRD CHAIR 197450 12834 4735 215019 JILL MILLER BOARD DIRECTOR 128357 8343 24627 161327 SCHEDULE J, PAGE 1, PART I, LINE 3 UP BUSINESS CAPITAL UTILIZES SHARED SERVICES OF RELATED ORGANIZATION NORTHERN GREAT LAKES INITIATIVE WHICH COMPENSATES A CEO AND EMPLOYEES. NGLI UTILIZES WRITTEN EMPLOYMENT CONTRACTS AND COMPENSATION SURVEYS/STUDIES, AND REQUIRES BOARD APPROVAL OF THE CEO. FORM 990, PAGE 6, PART VI, LINE 3 THE ORGANIZATION HAS A MANAGEMENT SERVICES CONTRACT WITH NORTHERN GREAT LAKES INITIATIVES (NGLI), WHICH IS A RELATED ENTITY AS DISCLOSED ON SCHEDULE R, FOR MANAGEMENT OF ITS LOAN OPERATIONS. THREE PERSONS RECEIVED COMPENSATION FROM NGLI WHICH IS REPORTED IN PART VII. FORM 990, PAGE 6, PART VI, LINE 7A ALL MEMBERS OF THE BOARD OF DIRECTORS ARE APPOINTED BY NORTHERN GREAT LAKES INITIATIVES. FORM 990, PAGE 6, PART VI, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 11B A DRAFT OF THE FORM 990 IS REVIEWED BY THE ACCOUNTING MANAGER AND MANAGEMENT TEAM. A COPY OF THE FORM 990 IS THEN MADE AVAILABLE TO ALL BOARD MEMBERS VIA EMAIL TO REVIEW BEFORE FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION'S OFFICERS AND DIRECTORS SIGN THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9 RECOVERY OF BAD DEBTS 0 CHANGE IN ALLOWANCE FOR LOAN LOSSES -1,225 TOTAL -1,225 NORTHERN GREAT LAKES INITIATIVES 101 W WASHINGTON STREET STE 9 MARQUETTE MI 49855 473130767 LENDING MI 501C3 7 N/A false UP CERTIFIED DEVELOPMENT COMPANY 101 W WASHINGTON STREET STE 9 MARQUETTE MI 49855 462796593 LENDING MI 501C4 NGLI false false false false false false false false false false false false false true true true true false false false