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Nonprofiteer
← U-GO INITIATIVE

Form 990 for tax year 2023

Filed by U-GO INITIATIVE.

Totals

Total revenue
$3,147,790
Total expenses
$1,582,954
Contributions and grants received
$2,587,270
Grants paid
$1,422,658
Program service revenue
$0
Investment income
$78,686
Other revenue
$481,834
Total assets, end of year
$3,466,968
Total liabilities, end of year
$16,120
Net assets or fund balances, end of year
$3,450,848
Program services expenses (Part IX)
$1,472,054
Management and general expenses
$68,199
Fundraising expenses
$42,701
Program service expenses (Part III)
$1,472,054

Program services were 93.0% 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.

  • 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

    $2,587,270

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $78,686 · related or exempt $0 · unrelated business $0 · excluded $78,686

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $497,300

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $15,466

  • 8c · Net income from fundraising events

    total $481,834 · unrelated business $0 · excluded $481,834

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $509,848 · program services $509,848

  • 3 · Grants to foreign organizations and individuals

    total $912,810 · program services $912,810

  • 9 · Other employee benefits

    total $20,357 · program services $14,250 · management and general $2,036 · fundraising $4,071

  • 11b · Fees: legal

    total $995 · management and general $995

  • 11c · Fees: accounting

    total $37,492 · management and general $37,492

  • 11g · Fees: other

    total $4,196 · program services $2,297 · fundraising $1,899

  • 12 · Advertising and promotion

    total $276 · management and general $276

  • 13 · Office expenses

    total $1,772 · program services $585 · management and general $924 · fundraising $263

  • 14 · Information technology

    total $4,500 · management and general $4,500

  • 16 · Occupancy

    total $15,665 · program services $7,210 · management and general $6,395 · fundraising $2,060

  • 17 · Travel

    total $61,565 · program services $24,963 · management and general $2,194 · fundraising $34,408

  • 24a · Other expenses: BANK AND MERCHANT FEES

    total $13,387 · program services $0 · management and general $13,387 · fundraising $0

  • 24e · All other expenses

    total $91 · program services $91

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,887,294 · end of year $631,504

  • 2 · Savings and temporary cash investments

    end of year $2,814,502

  • 4 · Accounts receivable

    end of year $4,669

  • 9 · Prepaid expenses and deferred charges

    beginning of year $37 · end of year $16,293

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,319 · end of year $16,120

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,886,012 · end of year $3,450,848

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

U-GO HELPS AMBITIOUS AND PROMISING YOUNG WOMEN IN LOW-INCOME COUNTRIES TO PURSUE HIGHER EDUCATION BY PROVIDING FINANCIAL SCHOLARSHIPS FUNDED BY INDIVIDUALS AND CORPORATIONS.

  • GRANTS & SCHOLARSHIPS: U-GO WORKS WITH PARTNER ORGANIZATIONS IN SOUTHEAST ASIA, THE INDIAN SUB-CONTINENT, AND AFRICA TO HELP AMBITIOUS YOUNG WOMEN ATTAIN A UNIVERSITY EDUCATION. WE PARTNER WITH NGOS IN EACH LOCAL GEOGRAPHY TO IDENTIFY, SCREEN, AND SUPPORT SCHOLARSHIP RECIPIENTS THROUGHOUT THEIR TERTIARY EDUCATION. THE VAST MAJORITY OF FUNDS WE PROVIDE TO THESE NGOS ARE DIRECTLY PASSED ON TO PAY FOR UNIVERSITY TUITION FOR SCHOLARSHIP APPLICANTS, WITH A SMALL PORTION FOR NGO OVERHEAD AND OTHER SUPPORT ACTIVITIES FOR THE SCHOLARSHIP RECIPIENTS.

    Expenses $1,415,528 · Grants $1,415,528

  • GENERAL PROGRAMS: U-GO INITIATIVE'S GENERAL PROGRAMS FOCUS ON EMPOWERING YOUNG WOMEN IN LOW- AND MIDDLE-INCOME COUNTRIES BY PROVIDING THEM WITH EDUCATIONAL OPPORTUNITIES AND MENTORSHIP. THE PROGRAM SUPPORTS HIGH-ACHIEVING STUDENTS FROM DISADVANTAGED BACKGROUNDS, HELPING THEM DEVELOP LEADERSHIP SKILLS AND CREATE A POSITIVE IMPACT IN THEIR COMMUNITIES.

    Expenses $56,526 · Grants $7,130

As filed on the 2023 return.

Listed in Part VII

  • JOHN WOOD

    CEO

    Total calculated
    $20,357
    From this org
    $0
    From related orgs
    $0
    Other
    $20,357
    Hours/week
    30

  • TIM CAFLISCH

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • PATRICIA HORGAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANNE SUTANTO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARIANA ZOBEL DE AYALA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NICHOLAS NASH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BEN HAPP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ARCHANA PAREKH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AMY POWELL

    CHIEF MARKETING OFFICER

    Total calculated
    $0
    Hours/week
    20

  • TOM MONROE

    HEAD OF PROGRAMS

    Total calculated
    $0
    Hours/week
    10

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

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.0
Source object
202413129349301916

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