← UNITED BLACK FUND OF GREATER CLEVELAND INC

Form 990 for tax year 2022

Filed by UNITED BLACK FUND OF GREATER CLEVELAND INC.

Totals

Total revenue: $701,524
Total expenses: $894,284
Contributions and grants received: $694,780
Grants paid: $323,000
Program service revenue: $0
Investment income: $1,710
Other revenue: $5,034
Total assets, end of year: $4,599,206
Total liabilities, end of year: $1,231,964
Net assets or fund balances, end of year: $3,367,242
Program services expenses (Part IX): $663,526
Management and general expenses: $113,188
Fundraising expenses: $117,570
Program service expenses (Part III): $663,526

Program services were 74.2% 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.

1e · Government grants (contributions)

$106,000
1f · All other contributions, gifts and grants

$588,780
3 · Investment income

total $1,710 · related or exempt $1,710
11a · Other revenue: OTHER INCOME

total $5,034 · related or exempt $5,034
11e · Other revenue, total

$5,034

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $323,000 · program services $323,000
7 · Other salaries and wages

total $212,153 · program services $148,507 · management and general $42,431 · fundraising $21,215
9 · Other employee benefits

total $23,141 · program services $16,199 · management and general $4,628 · fundraising $2,314
10 · Payroll taxes

total $16,837 · program services $11,786 · management and general $3,367 · fundraising $1,684
11b · Fees: legal

total $17,963 · program services $12,574 · management and general $3,593 · fundraising $1,796
11c · Fees: accounting

total $42,210 · program services $29,547 · management and general $8,442 · fundraising $4,221
12 · Advertising and promotion

total $8,272 · program services $5,791 · management and general $1,654 · fundraising $827
13 · Office expenses

total $4,221 · program services $2,955 · management and general $844 · fundraising $422
14 · Information technology

total $15,746 · program services $11,022 · management and general $3,149 · fundraising $1,575
17 · Travel

total $637 · management and general $637
19 · Conferences, conventions and meetings

total $71,858 · management and general $1,559 · fundraising $70,299
22 · Depreciation, depletion and amortization

total $1,936 · management and general $1,936
23 · Insurance

total $3,855 · program services $3,084 · management and general $771
24a · Other expenses: Bank Charges

total $4,886 · management and general $4,886
24b · Other expenses: Consultants

total $26,000 · program services $18,200 · management and general $5,200 · fundraising $2,600
24c · Other expenses: Donor Management Services

total $60 · fundraising $60
24d · Other expenses: Memships Dues and Subscripti

total $16,736 · program services $10,664 · management and general $5,380 · fundraising $692
24e · All other expenses

total $104,773 · program services $70,197 · management and general $24,711 · fundraising $9,865

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $2,129,074 · end of year $1,817,142
3 · Pledges and grants receivable

beginning of year $229,998 · end of year $229,998
4 · Accounts receivable

beginning of year $75,409 · end of year $111,751
9 · Prepaid expenses and deferred charges

beginning of year $5,367 · end of year $4,125
10a · Land, buildings and equipment: cost or other basis

$63,347
10b · Land, buildings and equipment: accumulated depreciation

$54,782
10c · Land, buildings and equipment, net

beginning of year $4,252 · end of year $8,565
12 · Investments: other securities

beginning of year $2,463,845
15 · Other assets

end of year $2,427,625
17 · Accounts payable and accrued expenses

beginning of year $12,073 · end of year $20,982
18 · Grants payable

beginning of year $334,950 · end of year $240,550
19 · Deferred revenue

beginning of year $229,998
25 · Other liabilities

beginning of year $917,190 · end of year $970,432
27 · Net assets without donor restrictions

beginning of year $1,922,220 · end of year $2,138,819
28 · Net assets with donor restrictions

beginning of year $1,491,514 · end of year $1,228,423

Mission and programs · 2022

Mission

Provide funding and technical assistance to small and minority disadvantage businesses.

Education Funding for programs/projects should emphasize early childhood development programs,middle school and high school program, college preparation/academic mentor programs. Programsshould reflect a strong commitment to education and access for low income and under-served populations. Educational programs should enrich particiapnts lives by including activities thatlead to a change in knowledge, skill or level of appreciation rather than one-time events such as attending a show or visiting a cultural institution. Arts education should provide programming that provides participants with the expertise that furthers their training and enhances their education and self-development.

Expenses $471,103
Workforce Development Funding for programs/projects that assist individuals to return or enter the workforce. Special emphasis is given to programs that serve those who have little or no connection to the job market, including those who have been previously incarcerated. Job readiness training, record expungement, transportation, and skill specific training/placement, including soft skill development, are amoung the services that will be considered for support.

Expenses $119,435
Basic Needs Funding for programs/projects that provide assistance to those who have some emergency need(s) growing out of a crisis situation. Programming should be focused on restoring the person/family to an acceptable level of functioning by assisting with food, shelter,clothing, personal items, health needs, or transportation. Funding is not limited to those itemslisted, they are provided as a guide.

Expenses $72,988

As filed on the 2022 return.

Listed in Part VII

Cecil J Lipscomb

Executive Director

Total calculated

$108,052

From this org

$108,052

From related orgs

$0

Other

$0

Hours/week

40
Amos Mahsua

Treasurer

Total calculated

$0

Hours/week

1
Lynn Johnson

President

Total calculated

$0

Hours/week

1
Ron Johnson

General Counsel

Total calculated

$0

Hours/week

1
Cheryl Cooper - Perez

Board Member

Total calculated

$0

Hours/week

1
Vicki Dansby

Board Member

Total calculated

$0

Hours/week

1
Ronald Henderson

Board Member

Total calculated

$0

Hours/week

0
Regenia Lane

Secretary

Total calculated

$0

Hours/week

1
Peter Lawson Jones

Board Member

Total calculated

$0

Hours/week

1
Nina Lewis

Board Member

Total calculated

$0

Hours/week

1
Aaron OBrien

Board Member

Total calculated

$0

Hours/week

1
Sharron Murphy - Williams

Board Member

Total calculated

$0

Hours/week

1
LaToya Smith

Board Member

Total calculated

$0

Hours/week

1
Shelley Tobias

Board Member

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: 2022
Filed: 15 November 2023
IRS schema version: 2022v5.0
Source object: 202313199349307431

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