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Nonprofiteer
← URISE VENTURES INC

Form 990 for tax year 2024

Filed by URISE VENTURES INC.

Totals

Total revenue
$242,075
Total expenses
$220,697
Contributions and grants received
$28,852
Grants paid
$0
Program service revenue
$213,223
Investment income
$0
Other revenue
$0
Total assets, end of year
$42,426
Total liabilities, end of year
$1,732
Net assets or fund balances, end of year
$40,694
Program services expenses (Part IX)
$182,572
Management and general expenses
$26,793
Fundraising expenses
$11,332
Program service expenses (Part III)
$182,572

Program services were 82.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $28,852

  • 2a · Program service revenue: KIDPRENEUR

    total $53,325 · related or exempt $53,325

  • 2b · Program service revenue: SUMMER YOUTH EMPLOYMEN

    total $40,000 · related or exempt $40,000

  • 2c · Program service revenue: OMNI

    total $38,625 · related or exempt $38,625

  • 2d · Program service revenue: TEENPRENEURS

    total $29,273 · related or exempt $29,273

  • 2e · Program service revenue: ANNUAL YOUTH BUSINESS

    total $27,000 · related or exempt $27,000

  • 2f · All other program service revenue

    total $25,000 · related or exempt $25,000

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $76,443 · program services $53,511 · management and general $15,288 · fundraising $7,644

  • 7 · Other salaries and wages

    total $55,625 · program services $55,625

  • 10 · Payroll taxes

    total $8,668 · program services $7,100 · management and general $1,026 · fundraising $542

  • 11c · Fees: accounting

    total $8,674 · program services $1,375 · management and general $7,203 · fundraising $96

  • 11g · Fees: other

    total $23,139 · program services $23,044 · management and general $95

  • 12 · Advertising and promotion

    total $40 · management and general $40

  • 13 · Office expenses

    total $6,896 · program services $4,861 · management and general $1,957 · fundraising $78

  • 14 · Information technology

    total $1,090 · program services $682 · management and general $384 · fundraising $24

  • 16 · Occupancy

    total $26,707 · program services $19,476 · management and general $4,796 · fundraising $2,435

  • 17 · Travel

    total $23 · management and general $23

  • 19 · Conferences, conventions and meetings

    total $237 · program services $127 · management and general $110

  • 22 · Depreciation, depletion and amortization

    total $8,043 · program services $7,239 · management and general $402 · fundraising $402

  • 23 · Insurance

    total $3,687 · program services $3,207 · management and general $369 · fundraising $111

  • 24a · Other expenses: PROGRAM RELATED EXPENSE

    total $6,325 · program services $6,325

  • 24b · Other expenses: OTHER ADJUSTMENTS

    total -$4,900 · management and general -$4,900

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,709 · end of year $40,711

  • 10a · Land, buildings and equipment: cost or other basis

    $25,183

  • 10b · Land, buildings and equipment: accumulated depreciation

    $24,468

  • 10c · Land, buildings and equipment, net

    beginning of year $8,758 · end of year $715

  • 15 · Other assets

    beginning of year $0 · end of year $1,000

  • 25 · Other liabilities

    beginning of year $8,151 · end of year $1,732

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $19,316 · end of year $40,694

Mission and programs · 2024

Mission

AS THE ONLY COMMUNITY TECHNOLOGY AND ENTREPRENEURSHIP INCUBATOR IN NEW ENGLAND FOR URBAN YOUTH AND THEIR FAMILIES, WE'RE PROUDLY A MULT CULTURAL, MULTI GENERATIONAL, YOUTH CENTERED, AND EXPERT LED COMMUNITY NONPROFIT ORGANIZATION.

Activities or mission (Part I)

AS THE ONLY COMMUNITY TECHNOLOGY AND ENTREPRENEURSHIP INCUBATOR IN NEW ENGLAND FOR URBAN YOUTH AND THEIR FAMILIES, WE'RE PROUDLY A MULTI-CULTURAL, MULTI-GENERATIONAL, YOUTH-CENTERED, AND EXPERT-LED COMMUNITY NONPROFIT ORGANIZATION.

  • TEENPRENEURS | YOUTH INNOVATION AND ENTREPRENEURSHIP PROGRAMOUR PROGRAM FOR HIGH SCHOOL YOUTH AGES 14-19, AND OPPORTUNITY YOUTH, AGES 16 THROUGH 24, ARE OFFERED AFTER SCHOOL HOURS AS A SCHOOL TO CAREER ENRICHMENT PROGRAM AND DURING SCHOOL AS A WORK-BASED LEARNING PROGRAM. STUDENTS DEVELOP AND PRESENT BUSINESS CONCEPTS FROM IDEA TO IMPLEMENTATION. THIS PROGRAM IS IDEAL FOR STUDENTS INTERESTED IN CAREERS IN BUSINESS, TECHNOLOGY AND ENTREPRENEURSHIP.

    Expenses $37,167 · Revenue $29,273

  • KIDPRENEURS | YOUTH INNOVATION AND ENTREPRENEURSHIP PROGRAMOUR PROGRAM FOR MIDDLE SCHOOL STUDENTS AGES 10-14 IN GRADES 5-8 IS OFFERED DURING SCHOOL HOURS IN COORDINATION WITH SCIENCE AND TECHNOLOGY DEPARTMENTS TO PROVIDE STUDENTS WITH AN ENRICHING HANDS-ON EXPERIENCE IN PRODUCT DEVELOPMENT AND OPPORTUNITY RECOGNITION. MANY STUDENTS GO ON TO CREATE AND PRESENT A BASIC BUSINESS PLAN FOR THE MOST VIABLE CONCEPTS.

    Expenses $21,789 · Revenue $53,325

  • OMNI PRINT PLUS IS A PROGRAM DEDICATED TO PROVIDING HIGH SCHOOL YOUTH WITH JOB-READINESS AND CAREER DEVELOPMENT KNOWLEDGE, SKILLS AND EXPERIENCES. THROUGH AN EXPERIENTIAL LEARNING MODEL, ASPIRING YOUNG CREATIVES AND ENTREPRENEURS FROM LOCAL HIGH SCHOOLS ARE PREPARED AND POSITIONED FOR ENTRY-LEVEL TECHNICAL AND ADMINISTRATIVE POSITIONS IN BUSINESS AND INDUSTRY.

    Expenses $80,906 · Revenue $38,625

  • ANNUAL YOUTH BUSINESS SUMMIT: NOW IN ITS FIFTH YEAR, THE SUMMIT SHOWCASES STUDENTS' IDEAS AND INNOVATIONS IN A ONE-DAY EVENT THAT GIVES STUDENTS AN OPPORTUNITY TO PRESENT THEIR IDEAS IN A SHARK-TANK STYLE EVENT BEFORE A PANEL OF LOCAL JUDGES. STUDENTS COMPETE FOR CASH PRIZES WHICH CAN BE USED FOR START-UP FUNDS OR SCHOLARSHIPS.

    Expenses $12,137 · Revenue $27,000

  • SUMMER YOUTH INTERNSHIP PROGRAM: A SELECT GROUP OF HIGH SCHOOL STUDENTS PARTICIPATE IN A PAID SUMMER YOUTH INTERNSHIP PROGRAM FOR SIX-WEEKS IN THE SUMMER. STUDENTS WORK 120 HOURS EACH AND RECEIVE AN IMMERSIVE EXPERIENCE IN ALL ASPECT OF SMALL BUSINESS OPERATIONS FROM MARKETING, SALES, FINANCE, CUSTOMER SERVICE AND LEADERSHIP.

    Expenses $13,982 · Revenue $40,000

  • ADULT ENTREPRENEURS PROGRAM

    Expenses $4,433 · Revenue $5,000

  • GETTING AHEAD: FINANCIAL EMPOWERMENT PROGRAMOUR "GETTING AHEAD IN A JUST GETTING BY WORLD" WORKSHOP SERIES IS A FINANCIAL LITERACY AND FINANCIAL EMPOWERMENT PROGRAM HELPS INDIVIDUALS STRUGGLING WITH FINANCIAL INSTABILITY RECEIVE THE KNOWLEDGE, GUIDANCE, AND RESOURCES THEY NEED TO ADDRESS THEIR FINANCIAL SITUATIONS AND TAKE ACTION.

    Expenses $12,158 · Revenue $20,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Angela Angulo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Jazzlyn Rodrguez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Olaleye Aina

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • A'Lanna Burwell

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Roxanna Jackson RN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Susan Scarduzio

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5
  • Wil Jacques MBA

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
9 October 2025
IRS schema version
2024v5.2
Source object
202522869349300347

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