2020-11-15T19:03:39-06:00 2019-12-31 131610809 FRIEDMAN LLP 100 EAGLE ROCK AVENUE SUITE 200 EAST HANOVER NJ 07936 990 2019-01-01 010683413 THE COUNCIL OF URBAN PROFESSIONALS INSTITUTE COUN 9173288840 55 EXCHANGE PLACE NO 401 NEW YORK NY 10005 MELISSA FENTON EXECUTIVE DIRECTOR 9173288840 2020-11-12 1 SARAH AVERY P01470673 9739293500 2019 2022-09-23 18:48:47Z MELISSA FENTON 55 EXCHANGE PLACE NO 401 NEW YORK NY 10005 1120558 0 X WWW.CUPUSA.ORG X 2002 NY TO INSPIRE, ELEVATE AND EMPOWER THE NEXT GENERATION OF DIVERSE BUSINESS AND CIVIC LEADERS. 19 19 6 19 0 0 1349350 1035397 102626 0 0 0 -48510 -131338 1403466 904059 0 0 0 0 598796 512628 11000 29300 164660 906313 563769 1516109 1105697 -112643 -201638 249982 308129 549446 809231 -299464 -501102 X THE COUNCIL OF URBAN PROFESSIONALS INSTITUTE'S (CUPI) MISSION IS TO INSPIRE, ELEVATE, AND EMPOWER THE NEXT GENERATION OF DIVERSE BUSINESS AND CIVIC LEADERS. 0 0 181709 LEADERSHIP INSTITUTEFELLOWS NY & LAGRADUATED THE COHORT OF THE 12TH NEW YORK CUP FELLOWS PROGRAM -- A DYNAMIC AND ENGAGED GROUP OF BUSINESS AND CIVIC LEADERS; 269 CUP FELLOWS ALUMNI TO DATE.CONCLUDED OUR 2ND YEAR OF THE LA CUP FELLOWS PROGRAM IN JANUARY 2019 WITH 21 GRADUATES. 43 CUP LA FELLOWS TO DATE. 227176 FORUMSCONVENED OUR SECOND ANNUAL PIPELINE TO POWER SUMMIT FOR OVER 200 MID-LEVEL PROFESSIONALS IN OUR COMMUNITY. THIS WAS A DAY-LONG CONFERENCE OF THOUGHT LEADERS ON "INNOVATION AND DISRUPTION." SPEAKERS INCLUDED SENIOR EXECUTIVES FROM MAJOR FIRMS.HOSTED OUR 12TH ANNUAL WALL STREET PARTNERS POWER FORUM ON MONDAY, SEPTEMBER 23RD, HOSTED BY LEAD PARTNER GOLDMAN SACHS. THIS EVENT FEATURED A FIRESIDE CHAT, NETWORKING WITH MD LEVEL AND ABOVE DIVERSE PROFESSIONALS, WITH A FINANCE CATALYST RECOGNITION CEREMONY FOR 18 HONOREES.HOSTED OUR 10TH ANNUAL LAWYERS FORUM HOSTED BY PAUL WEISS ON NOVEMBER 12, 2019. THIS EVENT FEATURED A FIRESIDE CHAT, NETWORKING, WITH A LAWYERS CATALYST RECOGNITION CEREMONY FOR 15 HONOREES.HELD OUR FIRST-EVER LA ENTERTAINMENT SUMMIT ON OCTOBER 19TH, FOR OVER 200 PARTICIPANTS, ENTITLED "COURAGE TO LEAD" HOSTED AT PARAMOUNT STUDIOS. THIS SUMMIT BROUGHT TOGETHER SENIOR LEADERSHIP FROM TALENT AGENCIES AND ENTERTAINMENT STUDIOS, AS WELL AS SENIOR AND JUNIOR LEVEL TALENT REPRESENTATIVES OF COLOR FOR ENGAGEMENT REGARDING INDUSTRY TRENDS, TALENT MANAGEMENT AND EMERGING POWER DYNAMICS. 156927 OTHERHELD TWO SALON DINNER SERIES ENTITLED, "DINNER@7," CURATED CONVENINGS OF SENIOR PROFESSIONALS TO DISCUSS AND STRATEGIZE ON TOPICS IMPACTING PROFESSIONALS OF COLOR. SECOND DINNER LAUNCHED A NEW CONVERSATION ON DIVERSITY IN TECHNOLOGY. 565812 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 16 0 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NY X GIOVANNI CRUZ 6466195187 55 EXCHANGE PLACE NEW YORK NY 10005 JOHNITA MIZELLE CHAIR 4.00 1.00 X X 0 0 0 SHERRESE CLARKE-SOARES OFF 2019 CO-VICE CHAIR 1.00 1.00 X X 0 0 0 MARCOS TORRES VICE CHAIR 4.00 1.00 X X 0 0 0 TIMICKA C ANDERSON TREASURER 4.00 1.00 X X 0 0 0 SETH BRYANT SECRETARY 1.00 1.00 X X 0 0 0 ALEXANDER WALLACE DIRECTOR 1.00 1.00 X 0 0 0 BEVERLY ANDERSON OFF 2019 DIRECTOR 1.00 1.00 X 0 0 0 INDHIRA ARRINGTON DIRECTOR 1.00 1.00 X 0 0 0 FERNANDO BOHORQUEZ JR DIRECTOR 2.00 1.00 X 0 0 0 DAVID W BROWN DIRECTOR 1.00 1.00 X 0 0 0 JARROD FONG DIRECTOR 1.00 1.00 X 0 0 0 STEPHANIE SMITH DIRECTOR 1.00 1.00 X 0 0 0 LUCAS F TORRES DIRECTOR 1.00 1.00 X 0 0 0 ROSSIE TURMAN III DIRECTOR 1.00 1.00 X 0 0 0 JEAN-RENE ZETRENNE DIRECTOR 1.00 1.00 X 0 0 0 MEREDITH MOORE DIRECTOR 2.00 1.00 X 0 0 0 SANDRA HURSE ON 119 DIRECTOR 1.00 1.00 X 0 0 0 HARRY VALETK ON 119 DIRECTOR 1.00 1.00 X 0 0 0 FRANK DIX ON 119 DIRECTOR 1.00 1.00 X 0 0 0 GERARDO RODRIGUEZ OFF 2019 DIRECTOR 1.00 1.00 X 0 0 0 KENNETH N EBBIE DIRECTOR 2.00 1.00 X 0 0 0 RODERICK HARDAMON DIRECTOR/CHAIR EMERITUS 1.00 1.00 X 0 0 0 MELISSA FENTON HIRED 119 EXECUTIVE DIRECTOR 70.00 1.00 X 165278 0 16171 165278 0 16171 1 0 1 0 CORE Z OPERATIONS LLC 1356 BROADWAY NEW YORK NY 10018 VENUE FOR CUP ANNUAL LEADERSHIP GALA (SP 196664 1 536462 498935 6707 1035397 66470 536462 216499 -150029 -150029 OTHER INCOME 900099 18691 18691 18691 904059 18691 0 -150029 X 161721 113205 24258 24258 272089 166243 90170 15676 39060 25161 10303 3596 39758 25611 10487 3660 29300 29300 162331 19125 106582 36624 5700 2150 450 3100 113492 7112 87189 19191 99155 70349 28806 11460 8437 1282 1741 170520 128419 14587 27514 1111 1111 1105697 565812 375225 164660 156656 55464 64346 225696 0 15000 4998 1111 0 3887 28980 8082 249982 308129 169754 128832 0 267000 379692 413399 549446 809231 X -324464 -501102 25000 0 -299464 -501102 249982 308129 -201638 0 X 0 1 X 1 0 X 381714 440135 512085 1349350 1003896 3687180 381714 440135 512085 1349350 1003896 3687180 3687180 15817 16850 13959 3900 50526 109718 88421 88386 2090 18691 307306 4045012 136193 0.91150 0.86730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4998 1111 3887 3887 1171019 196905 70055 266960 904059 0 904059 1372657 196905 70055 266960 1105697 0 1105697 PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFICATION OF FUND RAISING EXPENSES TO SPECIAL EVENT 70,055. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFICATION OF FUND RAISING EXPENSES TO SPECIAL EVENT 70,055. X 0 DS CONSULTING GROUP 757 THIRD AVENUE 20TH FLOOR NEW YORK NY 10017 FUNDRAISING SERVICES FOR ANNUAL GALA 0 602932 60000 542932 602932 60000 542932 GALA 602932 536462 66470 146444 70055 602932 536462 66470 146444 70055 216499 -150029 X 0 0 0 0 0 0 0 0 0 MELISSA FENTON HIRED 119 EXECUTIVE DIRECTOR 165278 0 0 0 0 0 0 0 16171 0 181449 0 0 0 FORM 990, PART V, LINE 13A NY FORM 990, PART VI, SECTION B, LINE 11B EACH YEAR, THE INDEPENDENT AUDITOR WORKING WITH THE DIRECTOR OF FINANCE PREPARES A DRAFT OF IRS FORM 990. PRIOR TO SUBMITTING IT TO THE BOARD OF DIRECTORS, THE TREASURER, THE AUDIT COMMITEE AND EXECUTIVE DIRECTOR REVIEW THE DRAFT FORM. THE REVIEW OF THE FORM IS CONDUCTED BY THE TREASURER TO ENSURE THAT IT IS CONSISTENT WITH THE FINANCIAL STATEMENTS AND THAT THE QUESTIONS AND DESCRIPTIVE STATEMENTS ARE ACCURATE. THE BOARD OF DIRECTORS WILL THEN BE PRESENTED WITH A SUMMARY OF ANY CHANGES TO BE MADE PRIOR TO THE FILING OF THE APPROVED IRS FORM 990. THE TREASURER WILL THEN PROVIDE A REVIEW OF THE FORM TO BE PRESENTED TO THE FULL BOARD AT IT'S NEXT SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, BOARD MEMBERS AND DIRECTORS PROVIDE WRITTEN DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THE AGENCY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY WITH EMPLOYEES AT THE TIME OF HIRE AS WELL AS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS MUST APPROVE IN ADVANCE THE AMOUNT OF ALL COMPENSATION FOR OFFICERS OF THE CORPORATION. BEFORE APPROVING THE COMPENSATION OF AN OFFICER, THE BOARD SHALL DETERMINE THAT THE TOTAL COMPENSATION TO BE PROVIDED BY THE CORPORATION TO THE OFFICER IS REASONABLE IN AMOUNT IN LIGHT OF THE POSITION, RESPONSIBILITY AND QUALIFICATION OF THE OFFICER FOR THE POSITION HELD, INCLUDING THE RESULT OF AN EVALUATION OF THE OFFICER'S PRIOR PERFORMANCE FOR THE CORPORATION, IF APPLICABLE. IN MAKING THE DETERMINATION, THE BOARD SHALL CONSIDER TOTAL COMPENSATION TO INCLUDE THE SALARY AND THE VALUE OF ALL BENEFITS PROVIDED BY THE CORPORATION TO THE INDIVUDUAL IN PAYMENT FOR SERVICES. AT THE TIME OF THE DISCUSSION AND DECISION CONCERNING AN OFFICER'S COMPENSATION, THE OFFICER IS NOT PRESENT IN THE MEETING. THE BOARD SHALL OBTAIN AND CONSIDER APPROPRIATE DATA CONCERNING COMPARABLE COMPENSATION PAID TO SIMILAR OFFICERS IN LIKE CIRCUMSTANCES. THE BOARD SETS FORTH THE BASIS FOR ITS DECISION WITH RESPECT TO COMPENSATION IN THE MINUTES OF THE MEETING AT WHICH THE DECISIONS ARE MADE, INCLUDING THE CONCLUSION OF THE EVALUATION AND THE BASIS FOR DETERMINING THAT THE INDIVIDUAL'S COMPENSATION WAS REASONABLE IN LIGHT OF THE EVALUATION AND COMPARABILITY DATA. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS AND FEDERAL FORM 990S ARE AVAILABLE FOR PUBLIC REVIEW UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 19,125. MANAGEMENT AND GENERAL EXPENSES 106,582. FUNDRAISING EXPENSES 96,624. TOTAL EXPENSES 222,331. FEES FOR GALA: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES -60,000. TOTAL EXPENSES -60,000. FORM 990, PART IX STATEMENT OF FUNCTIONAL EXPENSES LINE 5A TO LINE 7A: THE ORGANIZATION OUTSOURCES THE MANAGEMENT OF HUMAN RESOURCES, EMPLOYEE BENEFITS, PAYROLL AND WORKERS' COMPENSATION TO JUSTWORKS, A PEO SERVICE PROVIDER. COUNCIL OF URBAN PROFESSIONALS INC 55 EXCHANGE PLACE RM 401 NEW YORK NY 10005 264037351 SUPPORT DIVERSITY IN BUSINESS NY 501(C)(6) 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 COUNCIL OF URBAN PROFESSIONALS INC E 413399 YEAR-END BALANCE