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Nonprofiteer
← U-GO INITIATIVE

Form 990 for tax year 2025

Filed by U-GO INITIATIVE.

Totals

Total revenue
$6,397,495
Total expenses
$3,153,298
Contributions and grants received
$5,189,068
Grants paid
$2,408,698
Program service revenue
$0
Investment income
$237,903
Other revenue
$970,524
Total assets, end of year
$8,813,561
Total liabilities, end of year
$56,311
Net assets or fund balances, end of year
$8,757,250
Program services expenses (Part IX)
$2,593,572
Management and general expenses
$114,608
Fundraising expenses
$445,118
Program service expenses (Part III)
$2,593,572

Program services were 82.2% 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

    $282,185

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $4,906,883

  • 1g · Noncash contributions included above

    $282,185

  • 3 · Investment income

    total $238,459 · related or exempt $0 · unrelated business $0 · excluded $238,459

  • 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

  • 7a · Gross sales of assets other than inventory

    securities $52,179 · other assets $0

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

    securities $52,735 · other assets $0

  • 7c · Gain or loss

    securities -$556 · other assets $0

  • 7d · Net gain or loss

    total -$556 · related or exempt -$556 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $1,107,545

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

    $282,185

  • 8b · Fundraising events: direct expenses

    $137,033

  • 8c · Net income from fundraising events

    total $970,512 · unrelated business $0 · excluded $970,512

  • 11d · All other revenue

    total $12 · related or exempt $12 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $12

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $613,228 · program services $613,228

  • 3 · Grants to foreign organizations and individuals

    total $1,795,470 · program services $1,795,470

  • 5 · Compensation of officers, directors and key employees

    total $91,306 · program services $69,517 · management and general $849 · fundraising $20,940

  • 7 · Other salaries and wages

    total $0

  • 9 · Other employee benefits

    total $23,528 · program services $16,418 · management and general $2,346 · fundraising $4,764

  • 11b · Fees: legal

    total $520 · management and general $520

  • 11c · Fees: accounting

    total $44,236 · management and general $44,236

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $26,155 · program services $15,210 · management and general $9,474 · fundraising $1,471

  • 12 · Advertising and promotion

    total $2,351 · program services $478 · fundraising $1,873

  • 13 · Office expenses

    total $11,583 · program services $1,743 · management and general $814 · fundraising $9,026

  • 14 · Information technology

    total $3,151 · program services $1,561 · management and general $162 · fundraising $1,428

  • 16 · Occupancy

    total $36,868 · program services $24,865 · management and general $3,927 · fundraising $8,076

  • 17 · Travel

    total $170,964 · program services $51,569 · management and general $34,821 · fundraising $84,574

  • 19 · Conferences, conventions and meetings

    total $3,170 · program services $1,585 · fundraising $1,585

  • 22 · Depreciation, depletion and amortization

    total $810 · management and general $810

  • 24a · Other expenses: IN-KIND GOODS

    total $282,185 · program services $0 · management and general $0 · fundraising $282,185

  • 24b · Other expenses: BANK AND MERCHANT FEES

    total $44,471 · program services $0 · management and general $16,644 · fundraising $27,827

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $3,302 · program services $1,928 · management and general $5 · fundraising $1,369

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,178,611 · end of year $3,436,497

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,508 · end of year $4,694

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

    $2,700

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

    $1,171

  • 10c · Land, buildings and equipment, net

    beginning of year $2,339 · end of year $1,529

  • 11 · Investments: publicly traded securities

    beginning of year $3,366,837 · end of year $5,367,741

  • 15 · Other assets

    end of year $3,100

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,692 · end of year $56,311

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $5,543,603 · end of year $8,757,250

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2025

Mission

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

  • 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 $2,411,616 · Grants $2,408,698

  • 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 $181,956

As filed on the 2025 return.

Listed in Part VII

  • TOM MONROE

    CHIEF PROGRAMS OFFICER

    Total calculated
    $59,356
    From this org
    $57,227
    From related orgs
    $0
    Other
    $2,129
    Hours/week
    30

  • JOHN WOOD

    CEO

    Total calculated
    $31,950
    From this org
    $25,560
    From related orgs
    $0
    Other
    $6,390
    Hours/week
    40

  • TIM CAFLISCH

    CFO/TREASURER

    Total calculated
    $0
    Hours/week
    10

  • PATRICIA HORGAN

    BOARD MEMBER AND CHIEF COMPLIANCE OFFICER

    Total calculated
    $0
    Hours/week
    1

  • AMY POWELL

    CHIEF MARKETING OFFICER

    Total calculated
    $0
    Hours/week
    30

  • NICHOLAS NASH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BENJAMIN HAPP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARTINA LAUCHENGCO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CARRIE BURKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARIANA ZOBEL DE AYALA

    BOARD MEMBER

    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

Provenance

Return type
form_990
Tax year
2025
IRS schema version
2025v4.0
Source object
202642469349301964

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