Form 990 for tax year 2024

Filed by COLORADO URBAN LEADERSHIP FOUNDATION.

Totals

Total revenue: $665,949
Total expenses: $720,185
Contributions and grants received: $665,949
Grants paid: $0
Program service revenue: $0
Investment income: $0
Other revenue: $0
Total assets, end of year: $1,341,813
Total liabilities, end of year: $135,055
Net assets or fund balances, end of year: $1,206,758
Program services expenses (Part IX): $169,995
Management and general expenses: $244,088
Fundraising expenses: $306,102
Program service expenses (Part III): $169,995

Program services were 23.6% 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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$665,949
1g · Noncash contributions included above

$0
6c · Rental income or loss

real property $0 · personal property $0
7c · Gain or loss

securities $0 · other assets $0
8a · Fundraising events: contributions included on line 1c

$0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $353,392 · program services $100,731 · management and general $59,061 · fundraising $193,600
9 · Other employee benefits

total $17,190 · program services $4,937 · management and general $2,913 · fundraising $9,340
10 · Payroll taxes

total $24,150 · program services $7,698 · management and general $4,920 · fundraising $11,532
11a · Fees: management

total $41,323 · program services $37,190 · management and general $4,133
11c · Fees: accounting

total $2,324 · management and general $2,324
12 · Advertising and promotion

total $5,672 · management and general $5,672
13 · Office expenses

total $22,910 · management and general $22,910
14 · Information technology

total $18,400 · management and general $18,400
16 · Occupancy

total $10,767 · management and general $10,767
24a · Other expenses: Annual Gala Expenses

total $91,630 · program services $0 · management and general $0 · fundraising $91,630
24b · Other expenses: Annual Retreat Expenses

total $45,829 · program services $0 · management and general $45,829 · fundraising $0
24c · Other expenses: Thanksgiving in July Expenses

total $14,439 · program services $14,439 · management and general $0 · fundraising $0
24d · Other expenses: Other Expenses

total $72,159 · program services $5,000 · management and general $67,159

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,258,402 · end of year $1,332,038
15 · Other assets

beginning of year $9,775 · end of year $9,775
19 · Deferred revenue

end of year $119,670
25 · Other liabilities

beginning of year $7,183 · end of year $15,385
27 · Net assets without donor restrictions

beginning of year $1,260,994 · end of year $1,206,758
28 · Net assets with donor restrictions

beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

The mission of the Urban Leadership Foundation of Colorado is to invest in the development of minority leaders, empower them to serve in the interest of community, and leverage all resources to address the racial, economic, education, social, and health inequities experienced by member of the Black and African American community.

The Urban Leadership Foundation of Colorado 501(c)(3) non-profit is one of Colorado's most recognized and accomplished leadership organizations within the Denver metro area. Our programming provides participants with leadership training and education as it relates to becoming a more effective business, political and/or community leader. Our primary goal is leadership training, civic engagement, advancement services, cultural and identity exploration to the next generation of African American Leaders. Our secondary objective is to create and inspire meaningful service in the public's interest. Through our ten-month program flagship program ULF Connect Leadership Fellowship, we expose our participants to various leaders, opportunities to engage civically and in the community, to small businesses and the principles of entrepreneurship, advancement in the workplace, and insight into politics. Our training not only equips individuals with the tool necessary to become more effective leaders but also inspire them to lead. To date we've had over 450 alumni with 28 graduates in 2024.

Expenses $96,969
The Urban Leadership Foundation of Colorado partners with community organizations and businesses to bring holiday cheer to families who may be experiencing financial hardships due to the pandemic or other personal matters. We provided toys and monetary donations to over 100 families in 2024.

Expenses $68,978
During these tumultuous times we have expanded our service priorities to have an intentional focus on mental fitness, homelessness, basic community needs, access to information, financial literacy, and support for families and small business owners from the community severely impacted by the pandemics. The Bridging the Gap Program centers on the following services: - Social, Emotional, and Mental Health support - Providing resources for those experiencing varying levels of homelessness - Professional development, health & wellness, emotional wellness and social engagement. - Career and Tech education program scholarship support - Small stipends/grants to help with household expenses and groceries. - Limited Operational grants for small businesses and entrepreneurs to support operating expenses.

Expenses $4,048

As filed on the 2024 return.

Listed in Part VII

Dr Ryan Ross

President & CEO

Total calculated

$242,000

From this org

$242,000

From related orgs

$0

Other

$0

Hours/week

50

Schedule J breakdown matched by us

Base

$175,000

Bonus

$67,000

Other

$0

Deferred

$0

Nontaxable benefits

$0

Filer's total

$242,000
David Allen

Chairman

Total calculated

$0

Hours/week

5
Danielle Felder

Vice President

Total calculated

$0

Hours/week

5
Jeffrey Kass

Secretary

Total calculated

$0

Hours/week

5
Ken Parks

Director

Total calculated

$0

Hours/week

5
Wellington Webb

Director

Total calculated

$0

Hours/week

5
Michelle Trail

Director

Total calculated

$0

Hours/week

5

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

3 · Compensation committee
3 · Compensation survey or study

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

The filer's explanations (Part III)

Schedule J, Part I, Line 3: Compensation was determined and agreed upon by the compensation committee and the board of directors.

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: 2024
Filed: 30 May 2025
IRS schema version: 2024v5.0
Source object: 202531559349300748

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.