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Nonprofiteer
← URBAN VENTURES LLC

Form 990 for tax year 2023

Filed by URBAN VENTURES LLC.

Totals

Total revenue
$468,037
Total expenses
$446,871
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$64,336
Other revenue
$403,701
Total assets, end of year
$6,468,835
Total liabilities, end of year
$2,707,830
Net assets or fund balances, end of year
$3,761,005
Program services expenses (Part IX)
$446,871
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$446,871

Program services were 100.0% 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.

  • 3 · Investment income

    total $64,336 · related or exempt $64,336

  • 6a · Gross rents

    real property $338,701

  • 6c · Rental income or loss

    real property $338,701

  • 6d · Net rental income or loss

    total $338,701 · related or exempt $338,701

  • 11a · Other revenue: OTHER REVENUE

    total $65,000 · related or exempt $65,000

  • 11e · Other revenue, total

    $65,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $37,463 · program services $37,463

  • 13 · Office expenses

    total $3,052 · program services $3,052

  • 16 · Occupancy

    total $25,122 · program services $25,122

  • 19 · Conferences, conventions and meetings

    total $12,667 · program services $12,667

  • 20 · Interest

    total $90,671 · program services $90,671

  • 22 · Depreciation, depletion and amortization

    total $266,682 · program services $266,682

  • 24a · Other expenses: EQUIPMENT RENTAL & REPAIR

    total $10,073 · program services $10,073

  • 24b · Other expenses: LICENSES & FEES

    total $643 · program services $643

  • 24c · Other expenses: PROGRAM SUPPLIES

    total $448 · program services $448

  • 24d · Other expenses: TELEPHONE & NETWORK

    total $50 · program services $50

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,626,689 · end of year $1,766,560

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

    $7,770,517

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

    $3,120,568

  • 10c · Land, buildings and equipment, net

    beginning of year $4,826,495 · end of year $4,649,949

  • 14 · Intangible assets

    beginning of year $59,801 · end of year $52,326

  • 17 · Accounts payable and accrued expenses

    beginning of year $653,677 · end of year $747,275

  • 23 · Secured mortgages and notes payable

    beginning of year $2,119,469 · end of year $1,960,555

  • 27 · Net assets without donor restrictions

    beginning of year $2,113,150 · end of year $3,761,005

  • 28 · Net assets with donor restrictions

    beginning of year $1,626,689

Mission and programs · 2023

Mission

TO FURTHER THE TAX EXEPMT PURPOSE OF THE URBAN LEAGUE OF BROWARD COUNTY BY PROVIDING THE FACILITIES TO DELIVER PROGRAM SERVICES.

  • TO FURTHER THE TAX EXEMPT PURPOSE OF THE URBAN LEAGUE OF BROWARD COUNTY BY PROVIDING THE FACILITIES TO DELIVER PROGRAM SERVICES.

    Expenses $446,871

As filed on the 2023 return.

Listed in Part VII

  • Dr Germaine Smith- Baugh

    PRESIDENT &

    Total calculated
    $467,213
    From this org
    $0
    From related orgs
    $405,995
    Other
    $61,218
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    not reported + $405,995 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $31,842 related
    Nontaxable benefits
    not reported + $29,376 related
    Filer's total
    not reported + $467,213 related

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • URBAN POMPANO INC

    C CORP · REAL ESTAT · FL

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
19 December 2024
IRS schema version
2023v5.0
Source object
202423549349301762

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