Ugm Of Salem Support Corporation
- Assets
- $20.3m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, OR
- Founding
- Data as of
- 08/2022
- EIN
- 84-3808001
Organization Overview
Ugm Of Salem Support Corporation is located in Salem, OR. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ugm Of Salem Support Corporation 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 08/2022, Ugm Of Salem Support Corporation generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (23.4%) each year. All expenses for the organization totaled $808.1k during the year ending 08/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED AND WILL BE OPERATED AT ALL TIMES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND/OR TO CARRY OUT THE PURPOSE OF UNION GOSPEL MISSION OF SALEM, OREGON, AN OREGON NONPROFIT CORPORATION THAT IS AN ORGANIZATION DESCRIBED IN SECTIONS 501(C)(3) AND 509(A)(1) OF THE CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UGM OF SALEM SUPPORT CORPORATION (UGM-S) WAS FOUNDED IN LATE 2019 TO ACT AS THE HOLDING/OWNERSHIP ENTITY FOR THE PURPOSES OF RECEIVING AND DISTRIBUTING FINANCING FOR CONSTRUCTING THE NEW MEN'S MISSION, A 300-BED FACILITY AND SITE OF THE ADMINISTRATIVE FUNCTIONS OF THE ORGANIZATION, COMPLETED IN JUNE 2021. THE MISSION'S PRINCIPAL PROGRAMS ARE THE MEN'S MINISTRIES, THE MISSION STORE AND DONATION/RECYCLING PROGRAM, WOMEN'S MINISTRIES, RESTORATION MINISTRIES FOR RE-ENTRY FROM INCARCERATION, AND GREAR STREET TRANSITIONAL HOUSING PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryce Peterson Secretary | OfficerTrustee | 0.5 | $0 |
John Hawkins Treasurer | OfficerTrustee | 0.5 | $0 |
Mike Roberson Chairman | OfficerTrustee | 1 | $0 |
Dan Schanz Vice Chair | OfficerTrustee | 0.5 | $0 |
Dan Clem Executive Director | Officer | 5 | $0 |
Paul Wulf Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,077,557 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,077,557 |
| Total Program Service Revenue | $0 |
| Investment income | $85 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $575,000 |
| 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 | $2,652,642 |
| 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. | $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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,111 |
| Information technology | $0 |
| 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 | $191,376 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $453,270 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $808,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,722 |
| Savings and temporary cash investments | $0 |
| 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 | $27,350 |
| Net Land, buildings, and equipment | $19,783,901 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $337,636 |
| Total assets | $20,268,609 |
| Accounts payable and accrued expenses | $31,010 |
| Grants payable | $0 |
| Deferred revenue | $143,750 |
| 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 | $11,976,314 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,151,074 |
| Net assets without donor restrictions | $8,117,535 |
| 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 | $20,268,609 |
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