Ugc Foundation Inc
- Assets
- $4.8m
- Revenue
- $576.0k
- Investments
- $0.0
- Employees
- 0
- Location
- New Rochelle, NY
- Founding
- 12/1997
- Data as of
- 12/2021
- EIN
- 13-3930505
Organization Overview
Ugc Foundation Inc is located in New Rochelle, NY. The organization was established in 1997. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ugc Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Ugc Foundation Inc generated $576.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.0%) each year. All expenses for the organization totaled $657.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (19.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT PROGRAMS FOR THE ELDERLY, INCLUDING SUPPORT OF THE FOUNDATION'S RELATED ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF PROGRAMS FOR THE ELDERLY IN LONG-TERM CARE FACILITIES, AS WELL AS ASSISTANCE IN LONG-TERM CARE FACILITIES FOR CAPITAL PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rita C Mabli President & CEO & Secretary | OfficerTrustee | 1 | $0 |
Mark Hartman Treasurer | OfficerTrustee | 1 | $0 |
Malcolm Lazarus Chairman | OfficerTrustee | 1 | $0 |
Christina L Villanueva CFO | Officer | 1 | $0 |
Peter Tomback Director | Trustee | 1 | $0 |
Donald Duberstein Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $152,630 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $367,347 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $519,977 |
| Total Program Service Revenue | $0 |
| Investment income | $3,376 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $130,133 |
| Net Income from Fundraising Events | -$77,452 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $576,034 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,943 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $669 |
| Fees for services: Accounting | $34,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $50,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,519 |
| Advertising and promotion | $27,105 |
| Office expenses | $38,833 |
| Information technology | $2,421 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,476 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,117 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $657,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $760,102 |
| Savings and temporary cash investments | $653,965 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,839 |
| Net Land, buildings, and equipment | $206,780 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,144,097 |
| Total assets | $4,768,783 |
| Accounts payable and accrued expenses | $179,134 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,249,015 |
| Total liabilities | $3,428,149 |
| Net assets without donor restrictions | $1,053,370 |
| Net assets with donor restrictions | $287,264 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,768,783 |
Grants Awarded
Over the last fiscal year, Ugc Foundation Inc has awarded $141,897 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New Rochelle, NY PURPOSE: OPERATING SUPPORT | $114,647 |
New Rochelle, NY PURPOSE: COVID-19 RELIEF | $27,250 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ugc Foundation Inc has recieved totaling $80,100.
| Awarding Organization | Amount |
|---|---|
Joseph F Stein Family Foundation Inc White Plains, NY PURPOSE: UNRESTRICTED GENERAL CONTRIBUTION | $50,000 |
Kramer Foundation Woodbury, NY PURPOSE: UNRESTRICTED CONTRIBUTION | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $5,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bread & Roses Community Fund Philadelphia, PA | $8,957,531 | $3,374,785 |
Imamia Medics International Inc Princeton, NJ | $2,935,135 | $3,395,301 |
Center For Discovery Magnet Services Corporation Harris, NY | $189,155 | $1,104,606 |
Confluence Philanthropy Inc New York, NY | $2,455,655 | $2,622,242 |
Edward And Mary Lord Foundation North Franklin, CT | $19,072,145 | $1,295,529 |
Fk Charitable Foundation Highland Mills, NY | $389,031 | $0 |
Jewish Community Properties Inc Cherry Hill, NJ | $10,959,629 | $182,673 |
Ugc Foundation Inc New Rochelle, NY | $4,768,783 | $576,034 |
M66 Foundation Inc New York, NY | $2,428,424 | $272,743 |
F Y Eye Inc New York, NY | $2,448,782 | $513,615 |
Soldier On Development & Management Company Inc Pittsfield, MA | $435,591 | $411,238 |
Backpacks For Life Inc Jersey City, NJ | $420,764 | $332,260 |