Form 990 for tax year 2022
Filed by OUT FOR UNDERGRADUATE BUSINESS CONFERENCE INC.
Totals
- Total revenue
- $1,976,421
- Total expenses
- $2,533,383
- Contributions and grants received
- $1,976,421
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $2,217,161
- Total liabilities, end of year
- $643,040
- Net assets or fund balances, end of year
- $1,574,121
- Program services expenses (Part IX)
- $1,946,551
- Management and general expenses
- $586,832
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,946,551
Program services were 76.8% 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
$1,976,421
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $388,446 · program services $271,912 · management and general $116,534
-
10 · Payroll taxes
total $23,709 · program services $16,596 · management and general $7,113
-
11b · Fees: legal
total $106,876 · program services $32,814 · management and general $74,062
-
12 · Advertising and promotion
total $80,481 · program services $56,056 · management and general $24,425
-
13 · Office expenses
total $82,290 · program services $24,618 · management and general $57,672
-
17 · Travel
total $895,504 · program services $875,210 · management and general $20,294
-
19 · Conferences, conventions and meetings
total $84,973 · program services $68,982 · management and general $15,991
-
23 · Insurance
total $10,998 · management and general $10,998
-
24a · Other expenses: FOOD AND BEVERAGES
total $459,755 · program services $452,144 · management and general $7,611
-
24b · Other expenses: STRATEGIC INITIATIVE
total $183,562 · management and general $183,562
-
24c · Other expenses: RETREATS
total $93,856 · program services $64,720 · management and general $29,136
-
24d · Other expenses: BAD DEBT
total $82,690 · program services $82,690
-
24e · All other expenses
total $40,243 · program services $809 · management and general $39,434
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,998,158 · end of year $1,596,082
-
4 · Accounts receivable
beginning of year $462,200 · end of year $378,329
-
9 · Prepaid expenses and deferred charges
beginning of year $201,312 · end of year $242,750
-
17 · Accounts payable and accrued expenses
beginning of year $24,392 · end of year $42,592
-
25 · Other liabilities
beginning of year $506,195 · end of year $600,448
-
27 · Net assets without donor restrictions
beginning of year $2,131,083 · end of year $1,574,121
Mission and programs · 2022
Mission
THE VISION OF THE ANNUAL OUT FOR UNDERGRADUATE BUSINESS CONFERENCE IS TO EDUCATE, INSPIRE AND PLACE LESBIAN, GAY, BISEXUAL AND TRANSGENDER UNDERGRADUATE STUDENTS IN FINANCIAL SERVICES AND CONSULTING POSITIONS
-
THE ANNUAL CONFERENCE ALLOWED LGBT UNDERGRADUATE STUDENTS IN FINANCIAL SERVICES, MANAGEMENT CONSULTING, AND ACCOUNTING POSITIONS TO MEET PROFESSIONALS FROM THE TOP FINANCIAL SPONSORING FIRMS AND NETWORK WITH OTHER STUDENTS FROM ACROSS THE COUNTRY. THE ANNUAL TECHNOLOGY CONFERENCE EXPANDED OUR MISSION TO SILICON VALLEY TO INCLUDE STUDENTS WITH A CONCENTRATION IN INFORMATION TECHNOLGY.
Expenses $1,946,551 · Revenue $1,976,421
As filed on the 2022 return.
Listed in Part VII
-
Cj GiovingaCJ GIOVINGA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Audrey StewartAUDREY STEWART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Shannon MoranSHANNON MORAN
CHAIR
- Total calculated
- $0
- Hours/week
- 0
-
Heath ClaytonHEATH CLAYTON
INTERIM CHAIR
- Total calculated
- $0
- Hours/week
- 0
-
Arting ChangARTING CHANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Andy HuangANDY HUANG
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Darby DunnDARBY DUNN
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
Jimena ArmendaresJIMENA ARMENDARES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Dr Thomas VanceDR THOMAS VANCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Dr Cindi LoveDR CINDI LOVE
EXECUTIVE DIRECTOR
- Total calculated
- $222,692
- From this org
- $222,692
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $222,692
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $222,692
-
Jose TorresJOSE TORRES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Derek HornDEREK HORN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Tara CullertonTARA CULLERTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303189349305000
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