Nonprofit · EIN 84-3657936
UBIZ VENTURE CAPITAL
Tax-exempt · CLEVELAND, OH 44115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,097,487 | $986,201 | $111,286 | $5,012,901 | $4,095,382 | $917,519 |
| December 31, 2024 | 990 | $733,757 | $853,472 | -$119,715 | $4,595,942 | $3,789,709 | $806,233 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $844,441
- of which government grants
- $844,441
- Program service revenue
- $5,545
- Investment income
- $0
- Other revenue
- $247,501
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $444,054
- Salaries, compensation and benefits (total)
- $526,115
- Professional fundraising fees
- $0
- Occupancy
- $20,400
- Travel
- $1,421
- Program services (functional)
- $864,846
- Management and general (functional)
- $121,355
Balance sheet and other
- Total assets, start of year
- $4,595,942
- Total assets, end of year
- $5,012,901
- Total liabilities, end of year
- $4,095,382
- Net assets, end of year
- $917,519
- Net assets without donor restrictions
- $607,489
- Net assets with donor restrictions
- $310,030
- Gross receipts
- $1,097,487
- Employees
- 6
- Year formed
- 2019
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL OBI | PRESIDENT Trustee or director, Officer | 30 | $0 |
| LONNIE COLEMAN | CHAIRMAN Trustee or director | 0 | $0 |
| MARSHA MOCABEE | DIRECTOR Trustee or director | 0 | $0 |
| LYNETTE CRENSHAW | SECRETARY Trustee or director | 0 | $0 |
| BRIAN HALL | TREASURER Trustee or director | 0 | $0 |
| DAVID MERKEL | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LONNIE COLEMAN | CHAIRMAN Trustee or director | 0 | $0 |
| MARSHA MOCABEE | DIRECTOR Trustee or director | 0 | $0 |
| LYNETTE CRENSHAW | SECRETARY Trustee or director | 0 | $0 |
| BRIAN HALL | TREASURER Trustee or director | 0 | $0 |
| DAVID MERKEL | DIRECTOR Trustee or director | 0 | $0 |
| MICHAEL OBI | PRESIDENT Trustee or director, Officer | 30 | $0 |
Address and contacts
- Address (IRS master file)
- 2930 PROSPECT AVE E, CLEVELAND, OH 44115-2608
- In care of
- % MICHAEL OBI
- Signed the 990
- MICHAEL OBI, CEO
- Phone
- (859) 594-6006
- Return prepared by
- RTW XXACT ENTERPRISES LLC
Mission
Vision: UBIZ aspires to be the preeminent organization to directly or collaboratively make business capital readily available to underserved small businesses that have potential for growth and job creation in the Greater Cleveland area.
Program accomplishments
- To make access to credit more readily available to high potential existing underserved small businesses in the Greater Cleveland area and other parts of Northeast Ohio.Expenses $864,846 · revenue $5,545
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-3657936
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $5,012,901
- Income (IRS master file)
- $1,097,487
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $676,300 | $528,874 | $4,185,950 | IRS |
| 990 | December 2022 | $994,954 | $384,969 | $3,419,987 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about UBIZ VENTURE CAPITAL
- What is the EIN of UBIZ VENTURE CAPITAL?
- The employer identification number (EIN) of UBIZ VENTURE CAPITAL is 84-3657936.
- Is UBIZ VENTURE CAPITAL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to UBIZ VENTURE CAPITAL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UBIZ VENTURE CAPITAL file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UBIZ VENTURE CAPITAL due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UBIZ VENTURE CAPITAL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of UBIZ VENTURE CAPITAL?
- The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does UBIZ VENTURE CAPITAL have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,097,487, expenses of $986,201 and total assets of $5,012,901 at year end.
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