URBAN COLLEGE OF BOSTON

EIN: 043403049 501(c)(3) Education

BOSTON, MA

Total Revenue
$6,621,292
Total Expenses
$6,232,195
Total Assets
$7,716,738
Net Assets
$5,781,457
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MA
Principal Officer
ERLINE TANICE
Phone
6174497070
Tax Period
2023-07-01 to 2024-06-30

URBAN COLLEGE OF BOSTON, founded in 1998, is a community nonprofit in the Education sector that reported $6.6M in total revenue in fiscal year 2023. Expenses of $6.2M left a modest 6% surplus.

Mission

PRIVATE TWO YEAR COLLEGE SERVING PRIMARILY LOWER INCOME INDIVIDUALS FROM THE GREATER BOSTON AREA.

Program Service Accomplishments

Program 1
Expenses: $4,141,643 Revenue: $1,911,640

URBAN COLLEGE OF BOSTON (UCB) IS AN INDEPENDENT CO-EDUCATIONAL TWO YEAR HIGHER EDUCATION INSTITUTION LOCATED IN THE HEART OF DOWNTOWN BOSTON. UCB PROVIDES INNER-CITY RESIDENTS WHO MIGHT OTHERWISE...

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URBAN COLLEGE OF BOSTON (UCB) IS AN INDEPENDENT CO-EDUCATIONAL TWO YEAR HIGHER EDUCATION INSTITUTION LOCATED IN THE HEART OF DOWNTOWN BOSTON. UCB PROVIDES INNER-CITY RESIDENTS WHO MIGHT OTHERWISE NEVER GO TO COLLEGE WITH THE OPPORTUNITY TO ACHIEVE EDUCATION CREDENTIALS AND SKILLS TIED TO UPWARDLY MOBILE CAREERS. THE COLLEGE OFFERS ASSOCIATE DEGREES IN HUMAN SERVICE ADMINSTRATION, EDUCATION AND GENERAL STUDIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,709,652
Program Service Revenue $1,911,640
Investment Income $0
Other Revenue $0
TOTAL REVENUE $6,621,292

Expense Breakdown

Grants Paid $58,569
Salaries & Benefits $4,019,668
Fundraising Expenses $0
Program Expenses $4,141,643
Other Expenses $2,153,958
TOTAL EXPENSES $6,232,195

Year-over-Year Comparison

2023 2022 Change
Revenue $6,621,292 $6,861,677 0.0%
Expenses $6,232,195 $4,147,139 +0.5%
Net Income $389,097 $2,714,538 -0.9%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
97
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$327,308
Total Directors
12
$327,308
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jose Colon-Rivas Director of ECE Academic Prog 37.5
Highest
$182,105 $25,449 $207,554
Clea Winneg PRESIDENT THRU 8/4/23 37.5
Officer Director
$170,850 $22,981 $193,831
Kathleen Ehlers VICE PRES. of Enrollment MGMT 37.5
Highest
$124,842 $22,712 $147,554
CAITLIN CALLAHAN CHIEF OPERATING OFFICER 37.5
Highest
$110,047 $31,729 $141,776
Yves Salomon-Fernandez PRESIDENT EFF.8/7/23 37.5
Officer Director
$123,407 $10,070 $133,477
JOHN MCCAFFERTY VP OF FINANCIAL SERVICES 37.5
Highest
$126,961 $1,456 $128,417
Peter EBB ESQ Chair 1.0
Officer Director
$0 $0 $0
Joan Becker Vice Chair 1.0
Officer Director
$0 $0 $0
Barbara Brittingham Secretary 1.0
Officer Director
$0 $0 $0
Kenneth Lee Treasurer 1.0
Officer Director
$0 $0 $0
Paul LeBlanc Trustee 1.0
Director
$0 $0 $0
Amelia Manning Trustee 1.0
Director
$0 $0 $0
Mark Ouellette Trustee 1.0
Director
$0 $0 $0
Sharon Scott-Chandler ESQ Trustee 1.0
Director
$0 $0 $0
YIMING SHUANG Trustee 1.0
Director
$0 $0 $0
MEGAN STEVENS TRUSTEE 1.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $6,621,292 $6,232,195 $7,716,738 $389,097
2023 $6,861,677 $4,147,139 $7,472,370 $2,714,538
2022 $6,063,503 $5,609,675 $3,219,159 $453,828
2021 $7,626,014 $6,267,193 $2,648,182 $1,358,821
2020 $4,329,049 $4,297,193 $1,711,257 $31,856
2019 $4,176,201 $4,096,602 $1,105,406 $79,599
2018 $4,008,889 $3,947,932 $1,019,044 $60,957
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