Skip to content
Nonprofiteer
← ULGM COMMUNITY & ECONOMIC DEVELOPMENT CORP

Form 990 for tax year 2023

Filed by ULGM COMMUNITY & ECONOMIC DEVELOPMENT CORP.

Totals

Total revenue
$140,000
Total expenses
$105,060
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$140,000
Other revenue
$0
Total assets, end of year
$3,610,296
Total liabilities, end of year
$3,500,000
Net assets or fund balances, end of year
$110,296
Program services expenses (Part IX)
$105,000
Management and general expenses
$60
Fundraising expenses
$0
Program service expenses (Part III)
$105,000

Program services were 99.9% 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.

  • 3 · Investment income

    total $140,000 · excluded $140,000

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $60 · management and general $60

  • 20 · Interest

    total $105,000 · program services $105,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $75,356 · end of year $110,296

  • 7 · Other notes and loans receivable

    beginning of year $3,500,000 · end of year $3,500,000

  • 23 · Secured mortgages and notes payable

    beginning of year $3,500,000 · end of year $3,500,000

  • 28 · Net assets with donor restrictions

    beginning of year $75,356 · end of year $110,296

Mission and programs · 2023

Mission

NONE

Activities or mission (Part I)

TO SUPPORT, ASSIST, & PROMOTE THE PROGRAMS AND MISSION OF THE URBAN LEAGUE OF GREATER MADISON, INC.

  • TO PROVIDE SUPPORT AND ASSISTANCE TO THE URBAN LEAGUE AND THE URBAN LEAGUE'S MISSION THROUGH: SOLICITING FUNDS FOR MUTUALLY AGREED UPON PROJECTS THAT FURTHER THE GOALS AND MISSION OF THE URBAN LEAGUE; MANAGING RESOURCES AND DISTRIBUTING FUNDS NEEDED BY THE URBAN LEAGUE AND THE AFRICAN AMERICAN COMMUNITY IN GREATER MADISON; AND PROMOTING AWARENESS OF THE URBAN LEAGUE AND ITS MISSION AND AGENDA. THE URBAN LEAGUE OF GREATER MADISON, INC. (THE "URBAN LEAGUE") IS AN IRS APPROVED PUBLIC CHARITY WITH A MISSION TO ENSURE THAT AFRICAN AMERICANS AND OTHER COMMUNITY MEMBERS ARE EDUCATED, EMPLOYED AND EMPOWERED TO LIVE WELL, ADVANCE PROFESSIONALLY AND CONTRIBUTE TO THE COMMON GOOD IN THE 21ST CENTURY, WITH THE VISION OF MAKING GREATER MADISON THE BEST PLACE IN THE MIDWEST FOR EVERYONE TO LIVE, LEARN, AND WORK. THE URBAN LEAGUE'S AGENDA IS: TO EDUCATE, THROUGH SUPPORTING AND ENHANCING THE LEARNING EXPERIENCES OF MADISON YOUTH IN THE CLASSROOM AND COMMUNITY; TO EMPLOY, BY ENSURING THAT AFRICAN AMERICANS AND OTHERS OF WORKING AGE ARE ABLE TO IDENTIFY, TRAIN FOR AND SECURE EMPLOYMENT IN STABLE AND EMERGING INDUSTRIES; AND TO EMPOWER, BY ENSURING THAT PEOPLE OF COLOR ARE ADEQUATELY EMPOWERED WITH THE OPPORTUNITY TO TRANSFORM THEIR OWN COMMUNITIES, PARTICIPATE IN SOCIAL AND CULTURAL ACTIVITIES, AND CONTRIBUTE TO THE COMMON GOOD OF THE MADISON REGION.

    Expenses $105,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ruben L Anthony Jr

    PRESIDENT

    Total calculated
    $247,254
    From this org
    $0
    From related orgs
    $236,455
    Other
    $10,799
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $184,756 related
    Bonus
    $0 + $40,000 related
    Other
    $0 + $11,699 related
    Deferred
    $0 + $6,743 related
    Nontaxable benefits
    $0 + $4,056 related
    Filer's total
    $0 + $247,254 related

  • Gloria Ladson-Billings

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Beth Curley-Prestine

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Sally Martniak

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Claude Gilmore

    DIRECTOR

    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. 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

The filer's explanations (Part III)

PART I, LINE 3
THE NATIONAL URBAN LEAGUE PUBLISHES GUIDELINES FOR EXECUTIVE COMPENSATION AND THE UNITED WAY OF DANE COUNTY CONDUCTS A COMPENSATION SURVEY OF NONPROFIT ORGANIZATIONS IN THE AREA. THE URBAN LEAGUE OF GREATER MADISON, INC.'S GOVERNING BODY ANNUALLY USES DATA FROM THESE SOURCES AS A BENCHMARK FOR DETERMINING THE COMPENSATION OF THE ORGANIZATION'S OFFICERS. DECISIONS REGARDING COMPENSATION ARE DOCUMENTED IN THE MINUTES OF THE MEETINGS OF THE URBAN LEAGUE OF GREATER MADISON, INC.'S GOVERNING BODY.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202413189349303436

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.