URBAN VENTURES LEADERSHIP FOUNDATION

EIN: 363558710 501(c)(3)

MINNEAPOLIS, MN

Total Revenue
$8,885,305
Total Expenses
$7,369,938
Total Assets
$30,560,648
Net Assets
$29,064,289
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
MN
Principal Officer
DAVID HAWN
Phone
6126381000
Tax Period
2023-07-01 to 2024-06-30

URBAN VENTURES LEADERSHIP FOUNDATION, founded in 1987, is a community nonprofit that reported $8.9M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $1.5M, a strong 17% operating margin.

Mission

URBAN VENTURES LEADERSHIP FOUNDATION ENVISIONS A CITY WITHOUT POVERTY BY EDUCATING KIDS, STRENGTHENING THEIR FAMILIES, AND BUILDING HEALTHY COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $2,277,775 Revenue: $22,346

EDUCATION AND LITERACY- ACADEMIC SUPPORT IS PROVIDED THROUGH ME & MY BABY!, CORNWELL EARLY LEARNING CENTER, SUMMER VENTURES, AND READING PLUS. THROUGH ME AND MY BABY, 622 MOTHERS RECEIVED PRENATAL...

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EDUCATION AND LITERACY- ACADEMIC SUPPORT IS PROVIDED THROUGH ME & MY BABY!, CORNWELL EARLY LEARNING CENTER, SUMMER VENTURES, AND READING PLUS. THROUGH ME AND MY BABY, 622 MOTHERS RECEIVED PRENATAL EDUCATION AND PARENTING SUPPORT, EQUIPPING THEM TO PROMOTE THEIR CHILDREN'S HEALTHY DEVELOPMENT. AT THE CORNWELL EARLY LEARNING CENTER, 104 STUDENTS WERE ASSESSED FOR DEVELOPMENTAL MILESTONES, ENSURING THAT ALL GRADUATES WERE PREPARED TO SUCCEED IN KINDERGARTEN. READING PLUS PROVIDED INTENSIVE LITERACY INTERVENTION FOR 167 CHILDREN, HELPING THEM ACHIEVE THREE MONTHS OF LITERACY PROGRESS FOR EVERY ONE MONTH IN THE PROGRAM. SUMMER VENTURES OFFERED ACADEMIC SUPPORT TO PREVENT LEARNING LOSS DURING SCHOOL BREAKS, KEEPING 96 STUDENTS ON TRACK FOR SUCCESS. THE LONG-TERM GOAL OF THESE PROGRAMS IS TO ENSURE EVERY CHILD HAS THE TOOLS TO SUCCEED ACADEMICALLY AND THRIVE IN FUTURE EDUCATIONAL SETTINGS.

Program 2
Expenses: $1,453,949 Revenue: $1,210,476

YOUTH PROGRAMMING - URBAN VENTURES YOUTH PROGRAMMING INCLUDES - ACT SIX, INNOVATION CENTER, MUSIC, YOUTH MENTORING, LAKE STREET WORKS, AND UV COLLEGE AND CAREER CENTER. THROUGH THE COLLEGE AND CAREER...

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YOUTH PROGRAMMING - URBAN VENTURES YOUTH PROGRAMMING INCLUDES - ACT SIX, INNOVATION CENTER, MUSIC, YOUTH MENTORING, LAKE STREET WORKS, AND UV COLLEGE AND CAREER CENTER. THROUGH THE COLLEGE AND CAREER CENTER, 391 STUDENTS FROM AT LEAST SIX LOCAL HIGH SCHOOLS EXPLORED POST-SECONDARY OPPORTUNITIES AND RECEIVED ASSISTANCE WITH TASKS LIKE FAFSA APPLICATIONS AND JOB INTERVIEW PREPARATION. YOUTH MENTORING PROGRAMS SUPPORTED 408 STUDENTS ON CAMPUS AND AT PARTNER SCHOOLS, PROVIDING MENTAL HEALTH EDUCATION AND EMOTIONAL SUPPORT. ACT SIX OFFERED 226 COLLEGE STUDENTS LEADERSHIP TRAINING, ACADEMIC GUIDANCE, AND EMOTIONAL SUPPORT AS THEY NAVIGATED HIGHER EDUCATION. MUSIC EDUCATION PROGRAMS ENGAGED 655 STUDENTS THROUGH GUITAR AND PIANO LESSONS, ARTIST DEVELOPMENT, AND MUSIC EXPLORATION ACTIVITIES. LAKE STREET WORKS PREPARED 87 STUDENTS FOR CAREERS IN VOCATIONAL TRADES THROUGH A 10-MONTH TRAINING PROGRAM. THE INNOVATION CENTER PROVIDED 279 STUDENTS WITH TECHNOLOGY-BASED EDUCATION AND STEM LEARNING OPPORTUNITIES. TOGETHER, THESE PROGRAMS AIM TO INSTILL YOUNG PEOPLE WITH THE SKILLS, EDUCATION, AND CONFIDENCE NEEDED FOR LONG-TERM PERSONAL AND PROFESSIONAL SUCCESS.

Program 3
Expenses: $752,515 Revenue: $0

FARM & NUTRITION - AT URBAN VENTURES' URBAN FARM, 820 PARTICIPANTS ENGAGED IN EDUCATIONAL PROGRAMMING FOCUSED ON NUTRITION AND SUSTAINABLE AGRICULTURE, WHILE AN ADDITIONAL 1,000 COMMUNITY MEMBERS...

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FARM & NUTRITION - AT URBAN VENTURES' URBAN FARM, 820 PARTICIPANTS ENGAGED IN EDUCATIONAL PROGRAMMING FOCUSED ON NUTRITION AND SUSTAINABLE AGRICULTURE, WHILE AN ADDITIONAL 1,000 COMMUNITY MEMBERS RECEIVED FRESH, LOCALLY-GROWN PRODUCE FOR FREE THROUGH THE FARM STAND. THE LONG-TERM GOAL OF THESE PROGRAMS IS TO FOSTER A HEALTHIER, SAFER, AND MORE CONNECTED COMMUNITY THROUGH EDUCATION, PREVENTION, AND OPPORTUNITY.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,865,012
Program Service Revenue $1,446,497
Investment Income $573,467
Other Revenue $329
TOTAL REVENUE $8,885,305

Expense Breakdown

Grants Paid $33,500
Salaries & Benefits $4,437,832
Fundraising Expenses $473,429
Program Expenses $5,712,306
Other Expenses $2,786,106
TOTAL EXPENSES $7,369,938

Year-over-Year Comparison

2023 2022 Change
Revenue $8,885,305 $10,927,726 -0.2%
Expenses $7,369,938 $6,156,259 +0.2%
Net Income $1,515,367 $4,771,467 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
120
Volunteers
184

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
5
$288,656
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GAYLEN KNACK CHAIR/EXEC COMMITTEE 1.00
Officer Director
$0 $0 $0
ROY FERBER TREASURER/EXEC COMMITTEE 1.00
Officer Director
$0 $0 $0
SHANNON FOREMAN EXEC COMMITTEE 1.00
Officer Director
$0 $0 $0
DEAN HAGER DIRECTOR 1.00
Director
$0 $0 $0
DEREK WEATHERFORD DIRECTOR 1.00
Director
$0 $0 $0
JEREMY WILLIAMSON DIRECTOR 1.00
Director
$0 $0 $0
KATHRYN GRAVES UNGER DIRECTOR 1.00
Director
$0 $0 $0
SAMANTHA SOMMERNESS DIRECTOR 1.00
Director
$0 $0 $0
SHANEQUA WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
TIM HOWE DIRECTOR 1.00
Director
$0 $0 $0
DAVID HAWN PRESIDENT AND CEO 40.00
Officer
$130,024 $28,421 $158,445
RENEE SHERMAN VP OF FINANCE AND OPERATIONS 36.00
Officer
$130,211 $0 $130,211
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 $8,885,305 $7,369,938 $30,560,648 $1,515,367
2023 $10,927,726 $6,156,259 $27,759,469 $4,771,467
2022 $4,412,613 $4,997,199 $22,384,369 $-584,586
2021 $6,521,879 $4,477,913 $23,559,763 $2,043,966
2020 $7,248,962 $4,522,406 $22,491,404 $2,726,556
2019 $7,690,614 $4,767,292 $19,031,609 $2,923,322
2018 $4,382,006 $4,831,111 $16,003,682 $-449,105
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