Nonprofit · EIN 90-0853595
URBAN EMPOWERMENT FUND
Also known as UEF
Tax-exempt · NEW YORK, NY 10027
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $2,464,409 | $710,078 | $1,754,331 | $6,889,371 | $2,867,102 | $4,022,269 |
| December 31, 2023 | 990 | $562,968 | $562,968 | $0 | $4,499,201 | $2,231,263 | $2,267,938 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,306,285
- of which government grants
- $216,285
- Program service revenue
- $158,124
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $253,735
- Salaries, compensation and benefits (total)
- $296,509
- Professional fundraising fees
- $0
- Legal fees
- $9,163
- Accounting fees
- $3,896
- Travel
- $5,831
- Program services (functional)
- $710,078
Balance sheet and other
- Total assets, start of year
- $4,499,201
- Total assets, end of year
- $6,889,371
- Total liabilities, end of year
- $2,867,102
- Net assets, end of year
- $4,022,269
- Net assets without donor restrictions
- $4,022,269
- Gross receipts
- $2,464,409
- Employees
- 1
- Volunteers
- 2
- Year formed
- 2011
- State of legal domicile
- DE
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARC H MORIAL | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $1,265,742 | $74,896 |
| OSEREMI ADEKOYE | VP OF LENDING Highest-paid employee | 40 | $185,321 | $0 | $25,788 |
| JEFFREY BULLER | BOARD MEMBER-SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KHARY P BARNES | BOARD MEMBER-TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARC H MORIAL | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $1,212,495 | $71,789 |
| OSEREMI ADEKOYE | VP OF LENDING Highest-paid employee | 40 | $169,797 | $0 | $22,023 |
| JEFFREY BULLER | BOARD MEMBER-SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KHARY P BARNES | BOARD MEMBER-TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 117 W 125TH ST 3RD FLOOR, NEW YORK, NY 10027-4404
- In care of
- % PAUL WYCISK
- Mailing address (990-N for 2013)
- 120 WALL STREET 8TH FLOOR, NEW YORK NY 10005
- Principal officer (990 for 2024)
- MARC H MORIAL, 117 W 125TH STREET 3RD FLOOR, NEW YORK, NY 100274404
- Principal officer (990-N for 2013)
- DONALD E BOWEN, 120 WALL STREET 8TH FLOOR, NEW YORK NY 10005
- Signed the 990
- MARC H MORIAL, BOARD CHAIR
- Phone
- (212) 558-5300
- Website
- WWW.UEFUND.ORG
- Return prepared by
- MITCHELL & TITUS LLP
Mission
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.
Program accomplishments
- 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).Expenses $710,078 · revenue $158,124
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 | Not 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
- 90-0853595
- 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
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $6,889,371
- Income (IRS master file)
- $2,464,409
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,464,409 | $710,078 | $6,889,371 | XML |
| 990 | December 2023 | $562,968 | $562,968 | $4,499,201 | XML |
| 990 | December 2022 | $463,039 | $457,303 | $3,939,534 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: DONALD E BOWEN | December 31, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 90-0853595).
Questions about URBAN EMPOWERMENT FUND
- What is the EIN of URBAN EMPOWERMENT FUND?
- The employer identification number (EIN) of URBAN EMPOWERMENT FUND is 90-0853595.
- Is URBAN EMPOWERMENT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to URBAN EMPOWERMENT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does URBAN EMPOWERMENT FUND 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 URBAN EMPOWERMENT FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did URBAN EMPOWERMENT FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of URBAN EMPOWERMENT FUND?
- The 990 for the year ended December 31, 2024 names MARC H MORIAL.
- Who are the officers and directors of URBAN EMPOWERMENT FUND?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization.
- How much revenue does URBAN EMPOWERMENT FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,464,409, expenses of $710,078 and total assets of $6,889,371 at year end.
Other nonprofits in NEW YORK
- LOCAL INITIATIVES SUPPORT CORPORATION EIN 13-3030229 · last filed 990 for 2024
- HADASSAH THE WOMENS ZIONIST ORGANIZATION OF AMERICA INC EIN 13-1656651 · last filed 990 for 2024
- GRAMEEN AMERICA INC EIN 20-8497991 · last filed 990 for 2024
- THE COMMUNITY PRESERVATION CORPORATION EIN 13-2792409 · last filed 990 for 2025
- HISPANIC FEDERATION INC EIN 13-3573852 · last filed 990 for 2025
- CENT FOR URBAN COMMUNITY SVCS EIN 13-3687891 · last filed 990 for 2025
- CONFERENCE BOARD INC EIN 13-1624108 · last filed 990 for 2024
- TED FOUNDATION INC EIN 82-1934592 · last filed 990-PF for 2025
All nonprofits in NEW YORK · New York · Community improvement and capacity building