Ulead Inc
- Assets
- $5.9m
- Revenue
- $502.6k
- Investments
- $5.7m
- Employees
- 0
- Location
- Goshen, IN
- Founding
- 12/1999
- Data as of
- 12/2021
- EIN
- 35-2049624
Organization Overview
Ulead Inc is located in Goshen, IN. The organization was established in 1999. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ulead 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, Ulead Inc generated $502.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $568.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE NON-DENOMINATIONAL INSTRUCTION FOR BUILDING A DYNAMIC, CHRISTIAN BASED LIFE FOR TEENAGERS AND YOUNG ADULTS WHO HAVE DEMONSTRATED LEADERSHIP ABILITIES AND THE DESIRE TO IMPROVE SUCH ABILITIES, THROUGH THE TEACHING AND VALUES OF INTEGRITY, INDUSTRY, AND CHARITY, TO DEVELOP INDIVIDUALS WHO WILL BECOME PACE SETTERS FOR SUCH VALUES. IN 2020, THERE WERE 36 ORGANIZATIONS AND 1,615 INDIVIDUALS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ritch Hochstetler President/ce | 40 | $87,459 | |
Chris Good Treasurer | 0 | $0 | |
Josh Finch Chairperson | 0 | $0 | |
Crystal J Davis Director | 0 | $0 | |
Kristina Cerling Director | 0 | $0 | |
Jacob Palcic Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,922 |
| Interest on Savings | $0 |
| Dividends & Interest | $208,918 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $126,243 |
| Capital Gain Net Income | $126,243 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $160,490 |
| Total Revenue | $502,573 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $87,459 |
| Other employee salaries and wages | $251,830 |
| Pension plans, employee benefits | $84,258 |
| Interest | $0 |
| Taxes | $4,735 |
| Depreciation | $11,922 |
| Occupancy | $17,223 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $92,380 |
| Total operating and administrative expenses | $568,573 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $568,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,723 |
| Savings and temporary cash investments | $57,659 |
| Net Accounts receivable | $30,520 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $8,580 |
| Prepaid expenses and deferred charges | $1,525 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $23,375 |
| Other assets | $0 |
| Total assets | $5,922,523 |
| Accounts payable and accrued expenses | $4,212 |
| Grants payable | $0 |
| Deferred revenue | $6,651 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $45,960 |
| Total liabilities | $56,823 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ulead Inc has recieved totaling $396,970.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Elkhart County Inc Elkhart, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $362,112 |
Horizon Education Alliance Inc Goshen, IN PURPOSE: SUPPORT FOR YOUTH PROGRAMS AFFECTED BY COVID | $17,429 |
Horizon Education Alliance Inc Goshen, IN PURPOSE: SUPPORT FOR YOUTH PROGRAMS AFFECTED BY COVID | $17,429 |
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