2025-11-17T11:36:26-06:00 2024-12-31 382029668 GJC CPA'S & ADVISORS 1001 WOODWARD AVENUE SUITE 850 DETROIT MI 482261904 990 2024-01-01 995144915 UNION HERITAGE EARLY STAGE FUND UNIO 3133000207 2050 15TH STREET 3RD FLOOR DETROIT MI 482161879 DEREK BATTS PRESIDENT AND C.E.O. 3133000207 2025-11-17 1 1 MICHAEL R NICHOLAS P00966144 3139652655 2024 2025-03-06 01:10:19Z X DEREK BATTS 2050 15TH STREET 3RD FLOOR DETROIT MI 482161879 0 0 X WWW.UNIONHERITAGE.COM X 2023 MI THE UNION HERITAGE EARLY STAGE FUND ENCOURAGES, PROMOTES, AND SUPPORTS EARLY-STAGE COMPANIES AND ENTREPRENEURS. MOST OF THE ORGANIZATION'S ACTIVITIES AND SUPPORT ARE DESIGNED FOR HISTORICALLY UNDERSERVED ENTREPRENEURS BUILDING HIGH-GROWTH START-UP COMPANIES. THE PRIMARY ACTIVITIES OF THE ORGANIZATION INCLUDE GUIDANCE, BUSINESS TRAINING, AND FUNDING. 3 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 38180 38180 -38180 592020 630200 -38180 X THE ORGANIZATION'S MISSION IS TO ENCOURAGE, PROMOTE, AND SUPPORT EARLY-STAGE, HIGH-GROWTH COMPANIES AND ENTREPRENEURS WHO ARE DEVELOPING SOLUTIONS THAT SERVE HISTORICALLY UNDERSERVED COMMUNITIES. THE ORGANIZATION FOSTERS ECONOMIC GROWTH BY PROVIDING CATALYTIC INVESTMENT, AS WELL AS PRE-INVESTMENT AND POST-INVESTMENT SUPPORT. 1 0 0 ENTREPRENEUR INVESTMENT - THE ORGANIZATION PROVIDED DIRECT INVESTMENT TO TWO EARLY-STAGE FOUNDERS. THESE INVESTMENTS WERE DESIGNED TO CATALYZE GROWTH, ATTRACT ADDITIONAL PRIVATE CAPITAL, AND PROMOTE INCLUSIVE ECONOMIC DEVELOPMENT. THROUGH THESE EFFORTS, THE ORGANIZATION ADVANCED ITS MISSION TO SUPPORT HIGH-GROWTH ENTREPRENEURS WHO CREATE MEASURABLE COMMUNITY IMPACT. 0 ENTREPRENEUR SUPPORT AND CAPACITY BUILDING - THE ORGANIZATION OFFERED PRE-INVESTMENT SUPPORT TO PORTFOLIO COMPANIES, INCLUDING MARKETING, BRANDING, AND FUNDRAISING PLAN DISCUSSIONS. THESE ACTIVITIES STRENGTHENED THE STRATEGIC CAPACITY OF THE SUPPORTED COMPANIES, POSITIONING THEM FOR GROWTH. 0 ECOSYSTEM AND PIPELINE DEVELOPMENT - THE ORGANIZATION ACTIVELY WORKED TO DEVELOP A ROBUST ECOSYSTEM PIPELINE OF FOUNDERS BY PARTICIPATING IN ECOSYSTEM ENGAGEMENT ACTIVITIES, PROVIDING FEEDBACK TO ENTREPRENEURS, AND COLLABORATING WITH ECOSYSTEM SUPPORT ORGANIZATIONS. THESE EFFORTS WILL HELP IDENTIFY EARLY-STAGE ENTREPRENEURS, FOSTER COLLABORATION AMONG LOCAL STAKEHOLDERS, AND ENHANCE VISIBILITY OF INVESTMENT OPPORTUNITIES THAT ALIGN WITH THE ORGANIZATION'S MISSION. 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 MI X DEREK BATTS 3133000207 2050 15TH STREET 3RD FLOOR DETROIT MI 482161879 X DEREK BATTS PRESIDENT, C.E.O., AND TREASURER 1.00 X X 0 0 0 NIA BATTS SECRETARY 1.00 X X 0 0 0 SOPHIA BUSH DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12000 12000 8180 8180 15196 15196 210 210 1058 1058 1169 1169 367 367 38180 0 38180 0 292020 100000 200000 0 592020 18000 200 600000 0 12000 0 630200 X -38180 0 -38180 0 592020 -38180 0 X 0 0 0 X 0 0 0 X 0 200000 C 200000 PAYABLE TO PATHING VENTURES, LLC 12000 12000 DEREK BATTS PRESIDENT, C.E.O., TREASURER, AND DIRECTOR TO START A BANK ACCOUNT X 200 200 0 0 0 200 NIA BATTS DIRECTOR OF ORGANIZATION IS MEMBER OF UNION HERITAGE CAPITAL LLC 18000 REIMBURSED UNION HERITAGE CAPITAL LLC FOR A PORTION OF TIME SPENT AND EXPENSES SHARED 0 DAWN BATTS RELATIVE OF TWO ORG. DIRECTORS IS MEMBER OF UNION HERITAGE CAPITAL LLC 18000 REIMBURSED UNION HERITAGE CAPITAL LLC FOR A PORTION OF TIME SPENT AND EXPENSES SHARED 0 DEREK BATTS DIRECTOR OF ORGANIZATION IS MEMBER OF UNION HERITAGE CAPITAL LLC 18000 REIMBURSED UNION HERITAGE CAPITAL LLC FOR A PORTION OF TIME SPENT AND EXPENSES SHARED 0 DAWN BATTS RELATIVE OF TWO ORGANIZATION DIRECTORS IS MEMBER OF PATHING VENTURES, LLC 12000 PAID PATHING VENTURES, LLC FOR SERVICES 0 FORM 990, PART III, LINE 2 THE ORGANIZATION PROVIDED MARKETING AND BRANDING SUPPORT, AS WELL AS GUIDANCE, FOR START-UP COMPANIES, AND ALSO MADE AN INVESTMENT IN TWO COMPANIES. UNDER THE MICHIGAN STRATEGIC FUND LOAN PROGRAM, THE ORGANIZATION HAS RECEIVED PROGRAM-RELATED INVESTMENT CAPITAL IN THE FORM OF A REPAYABLE LOAN. THE PROCEEDS OF THIS LOAN WILL BE USED FOR THE PURPOSE OF INVESTING IN HIGH-GROWTH, EARLY-STAGE COMPANIES AND CORRESPONDING ADMINISTRATIVE FEES. ALL FUNDS WILL BE DEPLOYED AND ACCOUNTED FOR IN ACCORDANCE WITH THE MICHIGAN STRATEGIC FUND LOAN AGREEMENT, AS WELL AS APPLICABLE STATE AND FEDERAL REQUIREMENTS. FORM 990, PART VI, SECTION A, LINE 2 DEREK BATTS AND NIA BATTS HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST DISCLOSURE FORMS ARE MAINTAINED ON FILE AND ARE UPDATED ANNUALLY AND AS NEEDED. FORM 990, PART VI, SECTION B, LINE 15B COMPARABLE DATA IS OBTAINED FROM OTHER SMALL FUNDS AS A BASIS FOR PROGRAM MANAGER CONTRACTS; THE COMPENSATION PAID IS MORE THAN 25 PERCENT LOWER THAN THE AVERAGE PROGRAM MANAGER AT THOSE FUNDS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 15,196. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,196. 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