Urban Manufacturing Alliance
- Assets
- $2.1m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 11
- Location
- New York, NY
- Founding
- 09/2015
- Data as of
- 12/2023
- EIN
- 47-2847445
Organization Overview
Urban Manufacturing Alliance is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Urban Manufacturing Alliance employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Urban Manufacturing Alliance 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 12/2023, Urban Manufacturing Alliance generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 35.4% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 28.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
UMA IS A COALITION WORKING TOWARDS SUSTAINING AND GROWING MANUFACTURING IN CITIES. UMA BRINGS PARTICIPANTS TOGETHER TO DEVELOP BEST PRACTICES AROUND ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023 UMA CONTINUED STRENGTHENING ITS ORGANIZATIONAL CORE WHILE ADVANCING OBJECTIVES ACROSS ITS 3 PROGRAMMATIC PILLARS TO REALIZE A VIBRANT MANUFACTURING SECTOR AND CATALYZE INCLUSIVE AND SUSTAINABLE ECONOMIC DEVELOPMENT. MILESTONES AND HIGHLIGHT ACROSS OUR THREE PROGRAM PILLARS OF PLACE-BASED STRATEGIES, INCLUSIVE WORKFORCE, AND CATALYTIC CAPITAL INCLUDE SEE SCHEDULE O FOR CONTINUATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katharine Stanton Co-Director | OfficerTrustee | 40 | $94,230 |
Audra Ladd Co-Director | OfficerTrustee | 40 | $94,230 |
Nepal Asatthawasi Co-Director | OfficerTrustee | 40 | $91,230 |
Tanu Kumar Co-Director | OfficerTrustee | 40 | $14,711 |
Adam Friedman Director | Trustee | 1 | $0 |
Elizabeth Demetriou Aicp Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,663,778 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,663,778 |
| Total Program Service Revenue | $273,360 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,937,138 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $294,401 |
| Compensation of current officers, directors, key employees. | $103,895 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $242,757 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $100,556 |
| Payroll taxes | $42,614 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,154 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $717 |
| Office expenses | $26,331 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $57,434 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,254 |
| All other expenses | $2,844 |
| Total functional expenses | $1,054,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,914,420 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $122,543 |
| 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 | $4,696 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,467 |
| Total assets | $2,067,126 |
| Accounts payable and accrued expenses | $9,635 |
| Grants payable | $0 |
| Deferred revenue | $750,367 |
| 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 | $0 |
| Total liabilities | $760,002 |
| Net assets without donor restrictions | $1,307,124 |
| Net assets with donor restrictions | $0 |
| 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 | $2,067,126 |
Grants Awarded
Over the last fiscal year, Urban Manufacturing Alliance has awarded $21,443 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PRATT CENTER FOR COMMUNITY DEVELOPMENT PURPOSE: To fund programs that integrate advocay, research, service toward a more sustainable, equitable NYC. | $20,000 |
SEATTLE GOOD BUSINESS NETWORK PURPOSE: To connect and inspire people to buy, produce, invest locally to ensure the local economy furthers the common good creating economic opportunity for all to relieve poverty. | $1,443 |