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Nonprofiteer
← FOUNDATION FOR THE UPTOWN REINVESTMENT CORPORATION

Form 990 for tax year 2022

Filed by FOUNDATION FOR THE UPTOWN REINVESTMENT CORPORATION.

Totals

Total revenue
$2,460,626
Total expenses
$3,364,117
Contributions and grants received
$2,460,000
Grants paid
$3,355,000
Program service revenue
$0
Investment income
$626
Other revenue
$0
Total assets, end of year
$968,752
Total liabilities, end of year
$20
Net assets or fund balances, end of year
$968,732
Program services expenses (Part IX)
$3,355,000
Management and general expenses
$9,117
Fundraising expenses
$0
Program service expenses (Part III)
$3,355,000

Program services were 99.7% 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

    $2,460,000

  • 3 · Investment income

    total $626 · excluded $626

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,355,000 · program services $3,355,000

  • 11c · Fees: accounting

    total $7,250 · management and general $7,250

  • 23 · Insurance

    total $1,921 · management and general $1,921

  • 24a · Other expenses: LICENSES, PERMITS & INS

    total $19 · management and general $19

  • 24b · Other expenses: BANK FEES

    total -$73 · management and general -$73

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,392,420 · end of year $490,870

  • 7 · Other notes and loans receivable

    beginning of year $475,000 · end of year $475,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,803 · end of year $2,882

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $20

  • 27 · Net assets without donor restrictions

    beginning of year $592,223 · end of year $583,732

  • 28 · Net assets with donor restrictions

    beginning of year $1,280,000 · end of year $385,000

Mission and programs · 2022

Mission

SUPPORTING THE UPTOWN REINVESTMENT CORPORATION (501(C)(3) ORGANIZATION) IN ITS MISSION OF PROMOTING ECONOMIC GROWTH AND DEVELOPMENT IN DOWNTOWN, FLINT, MICHIGAN.

  • GRANTS TO AND EXPENSES PAID ON BEHALF OF THE UPTOWN REINVESTMENT CORPORATION

    Expenses $3,355,000 · Grants $3,355,000

As filed on the 2022 return.

Listed in Part VII

  • TIM HERMAN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JACK STOCK

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • GREG VIENER

    CHAIR/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DEBORAH CHERRY

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • GREG FIEDLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LOYST FLETCHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEBASISH DUTTA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BOBBY MUKKAMALA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ISAIAH OLIVER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KIARA MAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVE FORYSTEK

    DIRECTOR

    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

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202333199349305618

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