Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,978,900

• 1e · Government grants (contributions)

  $33,351,006

• 1f · All other contributions, gifts and grants

  $35,417,673

• 2a · Program service revenue: SPONSORSHIP INCOME

  total $6,103,110 · related or exempt $6,103,110

• 2b · Program service revenue: CONFERENCE INCOME

  total $682,920 · related or exempt $682,920

• 2c · Program service revenue: MEMBERSHIP FEES

  total $366,993 · related or exempt $366,993

• 2d · Program service revenue: FRANCHISE FEE

  total $208,500 · related or exempt $208,500

• 2e · Program service revenue: EXHIBITOR INCOME

  total $140,621 · related or exempt $140,621

• 3 · Investment income

  total $4,241,774 · excluded $4,241,774

• 6a · Gross rents

  real property $135,000

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $135,000

• 6d · Net rental income or loss

  total $135,000 · excluded $135,000

• 7a · Gross sales of assets other than inventory

  securities $61,121,871

• 7b · Less cost or other basis and sales expenses

  securities $60,923,761

• 7c · Gain or loss

  securities $198,110

• 7d · Net gain or loss

  total $198,110 · excluded $198,110

• 8a · Fundraising events: gross income

  $181,700

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

  $1,978,900

• 8b · Fundraising events: direct expenses

  $359,336

• 8c · Net income from fundraising events

  total -$177,636 · excluded -$177,636

• 11a · Other revenue: STONEHENGE EARNED

  total $332,500 · related or exempt $332,500

• 11b · Other revenue: NAS TRUST MANAGEMENT FEE

  total $120,000 · related or exempt $120,000

• 11c · Other revenue: REBATES/COMMISSION

  total $95,828 · related or exempt $95,828

• 11d · All other revenue

  total $219,032 · related or exempt $219,032

• 11e · Other revenue, total

  $767,360

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $51,767,015 · program services $51,767,015

• 2 · Grants to domestic individuals

  total $31,554 · program services $31,554

• 5 · Compensation of officers, directors and key employees

  total $1,499,000 · program services $899,400 · management and general $599,600

• 7 · Other salaries and wages

  total $15,050,266 · program services $8,256,706 · management and general $4,518,438 · fundraising $2,275,122

• 8 · Pension plan contributions

  total $956,457 · program services $654,598 · management and general $93,864 · fundraising $207,995

• 9 · Other employee benefits

  total $2,184,619 · program services $1,198,501 · management and general $655,873 · fundraising $330,245

• 10 · Payroll taxes

  total $1,007,069 · program services $556,374 · management and general $309,893 · fundraising $140,802

• 11b · Fees: legal

  total $30,985 · program services $30,985

• 11c · Fees: accounting

  total $252,744 · program services $150,073 · management and general $72,386 · fundraising $30,285

• 11e · Fees: professional fundraising services

  total $653,667 · fundraising $653,667

• 11f · Fees: investment management

  total $630,959 · management and general $630,959

• 11g · Fees: other

  total $13,789,973 · program services $10,923,610 · management and general $1,829,810 · fundraising $1,036,553

• 12 · Advertising and promotion

  total $620,363 · program services $620,363

• 13 · Office expenses

  total $1,854,598 · program services $1,167,982 · management and general $527,540 · fundraising $159,076

• 16 · Occupancy

  total $2,548,853 · program services $1,357,754 · management and general $774,671 · fundraising $416,428

• 17 · Travel

  total $3,842,395 · program services $2,449,131 · management and general $989,424 · fundraising $403,840

• 19 · Conferences, conventions and meetings

  total $2,036,344 · program services $2,036,344

• 20 · Interest

  total $551,878 · program services $144,264 · management and general $82,296 · fundraising $325,318

• 21 · Payments to affiliates

  total $55,000 · fundraising $55,000

• 22 · Depreciation, depletion and amortization

  total $658,438 · program services $377,840 · management and general $187,545 · fundraising $93,053

• 23 · Insurance

  total $323,703 · program services $193,933 · management and general $78,523 · fundraising $51,247

• 24a · Other expenses: RECRUITMENT EXPENSES

  total $321,657 · program services $321,657

• 24b · Other expenses: SUBSCRIPTIONS/PUBLICATI

  total $313,768 · program services $193,962 · management and general $62,958 · fundraising $56,848

• 24c · Other expenses: BAD DEBTS

  total $80,786 · management and general $80,786

• 24d · Other expenses: REGISTRATION/TRAINING F

  total $49,438 · program services $49,438

• 24e · All other expenses

  total $402,424 · program services $149,727 · management and general $227,261 · fundraising $25,436

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $17,168,360 · end of year $10,875,246

• 2 · Savings and temporary cash investments

  beginning of year $40,354,711 · end of year $41,691,478

• 3 · Pledges and grants receivable

  beginning of year $42,211,857 · end of year $31,343,849

• 4 · Accounts receivable

  beginning of year $96,500 · end of year $61,000

• 7 · Other notes and loans receivable

  beginning of year $13,031,450 · end of year $13,031,450

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,405,180 · end of year $471,321

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

  $65,355,856

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

  $9,404,489

• 10c · Land, buildings and equipment, net

  beginning of year $46,409,513 · end of year $55,951,367

• 11 · Investments: publicly traded securities

  beginning of year $128,778,781 · end of year $120,747,350

• 12 · Investments: other securities

  beginning of year $6,578,123 · end of year $9,066,934

• 15 · Other assets

  beginning of year $41,333,717 · end of year $35,423,866

• 17 · Accounts payable and accrued expenses

  beginning of year $13,561,856 · end of year $12,950,997

• 19 · Deferred revenue

  beginning of year $942,841 · end of year $281,773

• 20 · Tax-exempt bond liabilities

  beginning of year $26,003,616 · end of year $25,875,362

• 23 · Secured mortgages and notes payable

  beginning of year $5,862,687 · end of year $4,892,051

• 24 · Unsecured notes and loans payable

  beginning of year $16,437,894 · end of year $16,515,471

• 25 · Other liabilities

  beginning of year $7,130,084 · end of year $3,176,156

• 27 · Net assets without donor restrictions

  beginning of year $52,304,089 · end of year $58,344,288

• 28 · Net assets with donor restrictions

  beginning of year $215,125,125 · end of year $196,627,763

The filer's explanations (Part III)

PART I, LINE 1A

THE SPOUSE OF THE CEO HAS TRAVELED FIRST-CLASS FOR ANY OF THE LEAGUE'S OUT OF TOWN EVENTS. THE FIRST CLASS TRAVEL FOR THE CEO'S SPOUSE WAS NOT INCLUDED AS TAXABLE.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• URBAN LEAGUE EMPOWERMENT CENTER LLC

  SEE PART VII · NY · income $3,200,047 · assets $85,558,545

  Directly controlled by NATIONAL URBAN LEAGUE INC

• ULEC RETAIL LLC

  SUBLEASE THROUGH ULEC NUL HARLEM REVITALIZE LOCAL DEVELOPMENT CORPORATION · NY · income $0 · assets $0

  Directly controlled by NATIONAL URBAN LEAGUE INC

Related corporations and trusts

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

• ULEC NUL HQ LOCAL DEVELOPMENT CORPORATION

  C · GROUND LEASE HOLDER FOR OFFICE CONDOMINIUM SPACE · NY · 100% owned · controlled entity

  Directly controlled by NATIONAL URBAN LEAGUE INC

• ULEC NUL HARLEM REVITALIZE LOCAL DEVELOPMENT CORPORATION

  C · GROUND LEASE HOLDER FOR RETAIL CONDOMINIUM SPACE · NY · 100% owned · controlled entity

  Directly controlled by NATIONAL URBAN LEAGUE INC