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Nonprofiteer
← OUT FOR UNDERGRADUATE BUSINESS CONFERENCE INC

Form 990 for tax year 2023

Filed by OUT FOR UNDERGRADUATE BUSINESS CONFERENCE INC.

Totals

Total revenue
$1,898,308
Total expenses
$2,506,700
Contributions and grants received
$1,768,730
Grants paid
$0
Program service revenue
$0
Investment income
$30,401
Other revenue
$99,177
Total assets, end of year
$1,910,336
Total liabilities, end of year
$944,607
Net assets or fund balances, end of year
$965,729
Program services expenses (Part IX)
$1,993,590
Management and general expenses
$513,110
Fundraising expenses
$0
Program service expenses (Part III)
$1,993,590

Program services were 79.5% 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

    $1,768,730

  • 3 · Investment income

    total $30,401 · related or exempt $30,401

  • 11a · Other revenue: OTHER INCOME

    total $69,464 · related or exempt $69,464

  • 11b · Other revenue: EMPLOYEE RETENTION CRE

    total $24,127 · related or exempt $24,127

  • 11c · Other revenue: ADMISSION AND TICKETS

    total $5,586 · related or exempt $5,586

  • 11e · Other revenue, total

    $99,177

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $410,231 · program services $287,160 · management and general $123,071

  • 8 · Pension plan contributions

    total $23,714 · program services $16,600 · management and general $7,114

  • 9 · Other employee benefits

    total $53,150 · program services $37,205 · management and general $15,945

  • 10 · Payroll taxes

    total $26,070 · program services $18,250 · management and general $7,820

  • 11b · Fees: legal

    total $151,629 · program services $70,790 · management and general $80,839

  • 12 · Advertising and promotion

    total $71,943 · program services $59,072 · management and general $12,871

  • 13 · Office expenses

    total $94,048 · program services $63,241 · management and general $30,807

  • 17 · Travel

    total $809,472 · program services $782,544 · management and general $26,928

  • 23 · Insurance

    total $8,955 · program services $970 · management and general $7,985

  • 24a · Other expenses: FOOD AND BEVERAGES

    total $459,356 · program services $459,356

  • 24b · Other expenses: RETREATS

    total $272,613 · program services $134,716 · management and general $137,897

  • 24c · Other expenses: EVENT APPS

    total $72,538 · program services $52,553 · management and general $19,985

  • 24d · Other expenses: DUES AND SUBSCIPTIONS

    total $34,601 · program services $2,175 · management and general $32,426

  • 24e · All other expenses

    total $18,380 · program services $8,958 · management and general $9,422

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,596,082 · end of year $1,163,523

  • 4 · Accounts receivable

    beginning of year $378,329 · end of year $476,405

  • 9 · Prepaid expenses and deferred charges

    beginning of year $242,750 · end of year $270,408

  • 17 · Accounts payable and accrued expenses

    beginning of year $42,592 · end of year $22,468

  • 25 · Other liabilities

    beginning of year $600,448 · end of year $922,139

  • 27 · Net assets without donor restrictions

    beginning of year $1,574,121 · end of year $965,729

Mission and programs · 2023

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 $1,993,590 · Revenue $1,898,308

As filed on the 2023 return.

Listed in Part VII

  • Courtney Schatt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Audrey Stewart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Gibby Kuria

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Heath Clayton

    INTERIM CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Arting Chang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Andy Huang

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Darby Dunn

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Dr Thomas Vance

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Dr Cindi Love

    2

    Total calculated
    $263,356
    From this org
    $233,356
    From related orgs
    $0
    Other
    $30,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,356
    Bonus
    $0
    Other
    $0
    Deferred
    $30,000
    Nontaxable benefits
    $0
    Filer's total
    $263,356

  • Jose Torres

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Derek Horn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Tara 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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349323942

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