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← UA LEGACY FUND INC

Form 990 for tax year 2022

Filed by UA LEGACY FUND INC.

Totals

Total revenue
$2,019,277
Total expenses
$136,330
Contributions and grants received
$2,000,000
Grants paid
$120,000
Program service revenue
$0
Investment income
$19,277
Other revenue
$0
Total assets, end of year
$1,677,732
Total liabilities, end of year
$1,340
Net assets or fund balances, end of year
$1,676,392
Program services expenses (Part IX)
$120,000
Management and general expenses
$16,330
Fundraising expenses
$0
Program service expenses (Part III)
$120,000

Program services were 88.0% 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

    $2,000,000

  • 3 · Investment income

    total $32,750 · related or exempt $32,750

  • 7a · Gross sales of assets other than inventory

    securities $319,574

  • 7b · Less cost or other basis and sales expenses

    securities $333,047

  • 7c · Gain or loss

    securities -$13,473

  • 7d · Net gain or loss

    total -$13,473 · related or exempt -$13,473

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $120,000 · program services $120,000

  • 11c · Fees: accounting

    total $2,761 · management and general $2,761

  • 11f · Fees: investment management

    total $13,469 · management and general $13,469

  • 11g · Fees: other

    total $100 · management and general $100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $175,000 · end of year $87,271

  • 11 · Investments: publicly traded securities

    beginning of year $75,000 · end of year $1,590,461

  • 17 · Accounts payable and accrued expenses

    beginning of year $263,950 · end of year $1,340

  • 27 · Net assets without donor restrictions

    beginning of year -$13,950 · end of year $1,676,392

Mission and programs · 2022

Mission

To act for the benefit of, to perform the functions of, to carry out the purposes of Urban Alliance, Inc., a Connecticut nonstock corporation that has been recognized as a public charity as exempt under section 501(C)(3) of the Internal Revenue Code.

Activities or mission (Part I)

To provide grants to Urban Alliance, Inc. to support its operations and activities which includes providing human service programs for the underprivileged and programs to provicde financial support and guidance to various ministries, churches and missions that minister to the underprivileged.

  • To provide grants to Urban Alliance, Inc. to support its operations and activities which includes providing human service programs for the underprivileged and programs to provide financial support and guidance to various ministries, churches and missions that minister to the underprivileged.

    Expenses $120,000 · Grants $120,000

As filed on the 2022 return.

Listed in Part VII

  • Perkin Simpson

    Executive Director

    Total calculated
    $0
    Hours/week
    1

  • Jeffery Vanderploeg PHD

    Board Chairman

    Total calculated
    $0
    Hours/week
    1

  • Jay Kuhrt

    Board Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Erica Dean

    Board Secretary

    Total calculated
    $0
    Hours/week
    1

  • Douglas Casey

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Anne Silk

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Randall McHugh

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Michael Bailey

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Samantha Holland

    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

Provenance

Return type
form_990
Tax year
2022
Filed
21 September 2023
IRS schema version
2022v5.0
Source object
202302929349301500

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