2025-12-04T15:24:58-06:00 2024-12-31 132781641 MITCHELL & TITUS LLP 80 PINE STREET 32ND FL NEW YORK NY 10005 990 2024-01-01 900853595 THE URBAN EMPOWERMENT FUND URBA 2125585300 117 W 125TH STREET 3RD FLOOR NEW YORK NY 100274404 MARC H MORIAL BOARD CHAIR 2125585300 2025-12-04 1 0 QIAN ZHANG P01306575 2127094500 2025-12-03 2024 2025-03-06 01:10:19Z X X MARC H MORIAL 117 W 125TH STREET 3RD FLOOR NEW YORK NY 100274404 2464409 0 X WWW.UEFUND.ORG X 2011 DE THE URBAN EMPOWERMENT FUND'S MISSION IS TO HELP MINORITY BUSINESS ENTERPRISES (MBES) GAIN ACCESS TO CAPITAL, SURVIVE, PROSPER, GROW, CREATE JOBS AND GENERATE INDIVIDUAL AND COMMUNITY WEALTH. 3 2 1 2 0 0 434309 2306285 128659 158124 0 0 0 0 562968 2464409 0 0 0 0 208071 296509 0 0 0 354897 413569 562968 710078 0 1754331 4499201 6889371 2231263 2867102 2267938 4022269 THE URBAN EMPOWERMENT FUND'S MISSION IS TO HELP MINORITY BUSINESS ENTERPRISES (MBES) GAIN ACCESS TO CAPITAL, SURVIVE, PROSPER, GROW, CREATE JOBS AND GENERATE INDIVIDUAL AND COMMUNITY WEALTH. 0 0 710078 0 158124 TO PROVIDE BUSINESS ADVISORY SERVICES, OFFER A RANGE OF SMALL BUSINESS LOAN PRODUCTS IN THE $50,000-$250,000 RANGE AND PROVIDE POLICY ADVOCACY TO IMPROVE THE BUSINESS CLIMATE FOR MINORITY BUSINESS ENTERPRISES (MBES). 710078 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 1 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 DE X X MARC H MORIAL 2125585300 117 W 125TH STREET 3RD FLOOR NEW YORK NY 100274404 MARC H MORIAL BOARD CHAIR 1.00 40.00 X X 0 1265742 74896 JEFFREY BULLER BOARD MEMBER-SECRETARY 1.00 0.00 X X 0 0 0 KHARY P BARNES BOARD MEMBER-TREASURER 1.00 1.00 X X 0 0 0 OSEREMI ADEKOYE VP OF LENDING 40.00 0.00 X 185321 0 25788 185321 1265742 100684 1 0 1 0 DONALD BOWEN 1028 SPYGLASS LANE WAXHAW NC 28173 CONSULTING SERVICE 186000 1 216285 2090000 2306285 INTEREST INCOME FROM P 900099 124261 124261 CLOSING INCOME FROM PR 900099 33863 33863 158124 2464409 158124 0 0 X 253735 253735 6971 6971 16334 16334 19469 19469 40000 40000 9163 9163 3896 3896 296200 296200 7564 7564 5831 5831 28330 28330 12599 12599 CORPORATION SERVICE COM 5880 5880 BAD DEBTS 1677 1677 AFRICAN AMERICAN ALLIAN 1000 1000 CT CORPORATION SYSTEM 486 486 943 943 710078 710078 0 0 739680 2469825 761624 770949 309309 882500 190906 317097 1911232 1613256 569200 818494 17250 17250 4499201 6889371 231263 287102 1000000 1500000 80000 1000000 1000000 2231263 2867102 X 2267938 4022269 2267938 4022269 4499201 6889371 1754331 0 X 0 1 X 1 0 X 2268146 132500 434309 2306285 5141240 2268146 132500 434309 2306285 5141240 527215 4614025 213453 213453 5354693 529355 0.86170 0.85220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 LOANS RECEIVABLES 818494 F 818494 LOAN PAYABLE TO NAT'L URBAN LEAGUE 1000000 1000000 X PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE LEAGUE AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR ARE TO BE TAKEN. ACCORDINGLY, NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS HAVE BEEN ACCRUED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. X X 0 0 0 0 0 0 0 0 0 MARC H MORIAL BOARD CHAIR 0 700742 0 400000 0 165000 0 15603 0 59293 0 1340638 0 0 OSEREMI ADEKOYE VP OF LENDING 185321 0 0 0 0 0 6971 0 18817 0 211109 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION SHALL HAVE ONE CLASS OF MEMBERS ENTITLED TO VOTE ON MATTERS THAT COME BEFORE THE MEMBERS. THE INITIAL AND SOLE MEMBER OF THE CORPORATION SHALL BE THE NATIONAL URBAN LEAGUE ("NUL"), A 501 (C) (3) NEW YORK NON-FOR-PROFIT CORPORATION. FORM 990, PART VI, SECTION A, LINE 8B UEF HAS A GOVERNING BOARD, BUT DOES NOT HAVE ANY OTHER COMMITTEE THAT WOULD HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B UEF'S FORM 990 IS REVIEWED BY ITS BOARD. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, HUMAN RESOURCES REQUESTS THAT EACH EMPLOYEE REVIEWS AND SIGNS THE POLICY. IN ADDITION, PLEASE NOTE THAT SELF-DISCLOSURE AND THE REVIEW OF CONTRACTS BEFORE APPROVAL HELPS MONITOR AND ENFORCE THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 A. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE PER REQUEST. B. FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE, IN ANNUAL REPORT AND PER REQUEST. FORM 990, PART IX, LINE 11G DIAMOND VENTURES FUNDS MANAGMENT LLC: PROGRAM SERVICE EXPENSES 75,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 75,000. DON BOWEN: PROGRAM SERVICE EXPENSES 187,200. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 187,200. LOANWELL: PROGRAM SERVICE EXPENSES 23,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,000. FRIEDMAN ASSOCIATES HOLDING: PROGRAM SERVICE EXPENSES 11,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,000. EXPLAINATION OF AMENDED FORM 990 THE URBAN EMPOWERMENT FUND (THE ORGANIZATION) IS FILING AN AMENDED FORM 990 TO CORRECT TOTAL NUMBER REPORTED IN BOX 3 OF FORM 1096 AND DISCLOSE THE REQUIRED INFORMATION FOR A HIGHEST-PAID INDEPENDENT CONTRACTOR WHO RECEIVED MORE THAN $100,000 OF COMPENSATION FROM THE ORGANIZATION IN 2024. PLEASE NOTE THAT THE SAME CONTRACTOR WAS LISTED ON THE SCHEDULE O OF THE ORIGINAL FORM 990 AS SUPPLEMENTAL INFORMATION FOR PART IX STATEMENT OF FUNCTIONAL EXPENSES, LINE 11G OTHER FEES FOR SERVICES. PARTS AND SCHEDULE OF FORM 990 PART V, LINE 1A - THE NUMBER REPORTED IN BOX 3 OF FORM 1096 ORIGINAL - 0 AMENDED - 2 PART VII, SECTION B - INDEPENDENT CONTRACTOR, LINE 1 ORIGINAL - NONE AMENDED - DONALD BOWEN 1028 SPYGLASS LANE, WAXHAW, NC 28173 CONSULTING SERVICES $186,000. PART VII, SECTION B - INDEPENDENT CONTRACTOR, LINE 2 ORIGINAL - 0 AMENDED - 1 NATIONAL URBAN LEAGUE INC 80 PINE STREET 9TH FL NEW YORK NY 10005 131840489 SEE PART VII NY 501(C)(3) LINE 7 N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 SCHEDULE R, PART II, COL (B) - PRIMARY ACTIVITY NATIONAL URBAN LEAGUE, INC. ("NUL") - ENABLE AFRICAN AMERICAN AND OTHER UNDERSERVED URBAN RESIDENTS TO SECURE ECONOMIC SELF-RELIANCE, PARITY, POWER AND CIVIL RIGHTS.