Urban Innovative Development Corporation
- Assets
- $30.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 02/2011
- Data as of
- 12/2021
- EIN
- 94-3463391
Organization Overview
Urban Innovative Development Corporation is located in Tulsa, OK. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Urban Innovative Development 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 12/2021, Urban Innovative Development Corporation generated $63.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 63.9% each year . All expenses for the organization totaled $32.8k during the year ending 12/2021. While expenses have increased by 64.1% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SUPPORTED ENTREPRENEURSHIP YOUTH PROGRAMS SPONSORED BY 100 BLACK MEN OF TULSA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Matthews President/founder | 10 | $0 | |
David Phillips Member | 1 | $0 | |
Darron Lamkins Member | 1 | $0 | |
Kirk Mosley Member | 15 | $0 | |
Jonathan Sanders Treasurer | 1 | $0 | |
Beverly Woodrome Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $63,500 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,600 |
| Occupancy, rent, utilities, and maintenance | $550 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,667 |
| Total expenses | $32,817 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,819 |
| Other assets | $0 |
| Total assets | $30,819 |
| Total liabilities | $0 |
| Net assets or fund balances | $30,819 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Urban Innovative Development Corporation has recieved totaling $55,000.
| Awarding Organization | Amount |
|---|---|
Tulsa Community Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $30,000 |
The Magnolia Charitable Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |
Kimberly-Clark Foundation Inc Irving, TX | $0 | $5,825,814 |
Prosperity Denver Fund Denver, CO | $29,340,017 | $14,622,453 |
Reisher Family Foundation Lakewood, CO | $521,642,537 | $444,544,338 |
San Antonio Livestock Exposition Educational Fund Inc San Antonio, TX | $23,576,511 | $4,942,243 |
The Forte Foundation Austin, TX | $3,571,246 | $5,400,451 |