2014-11-06T13:26:31-06:00 2013-12-31 MITCHELL & TITUS LLP ONE BATTERY PARK PLAZA NEW YORK NY 10004 990 2013-01-01 900853595 The Urban Empowerment Fund % PAUL WYCISK URBA 2125585300 120 WALL STREET 8th FL C/O Donald E Bowen Suite NEW YORK NY 10005 DONALD BOWEN President & CEO 2125585321 2014-11-06 true FREDERICK DAVIS P00446023 2125585321 2013 2015-11-30 17:44:51Z X Mr Donald Bowen 120 WALL STREET 8th FL NEW YORK NY 10005 685000 false X uef.iamempowered.com X 2011 DE The Urban Empowerment Fund's mission is to help MBEs gain access to capital, survive, prosper, grow, create jobs and generate individual and community wealth. 5 4 2 4 0 0 685000 0 0 0 0 0 0 0 685000 0 0 0 0 0 240848 0 0 0 0 100432 0 341280 0 343720 0 390040 0 46320 0 343720 The Urban Empowerment Fund's mission is to help Minority Business Enterprises (MBEs) gain access to capital, survive, prosper, grow, create jobs and generate individual and community wealth. false false 341280 0 0 Provide business advisory services, offer a range of small business loan products in the $50,000-$250,000 range and provide policy advocacy to improve the business climate for Minority Business Enterprises (MBEs). 341280 true true false false false false false false false false false false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 2 true false false false false false false false false false false X 5 4 false false false false true false false true false false false true true true true true true true true false DE X PAUL WYCISK 2125585300 120 WALL STREET 8TH FLOOR New York NY 10005 Jon Campbell Chair of the Board 1.0 1.0 X X 0 0 0 Marc Morial Board Member 1.0 40.0 X 0 700000 146070 Mark Pinsky Board Member 1.0 0.0 X 0 0 0 Khary Barnes Treasurer of the Board 1.0 1.0 X X 0 0 0 Samuel Howard Secretary of the Board 1.0 0.0 X 0 0 0 Donald E Bowen President & CEO 50.0 0.0 X 147116 0 33171 147116 700000 179241 1 false true false 0 685000 685000 0 0 0 0 0 0 0 0 0 0 0 0 685000 0 0 0 0 183694 183694 0 41073 41073 0 15009 15009 1072 1072 0 0 0 0 0 0 92120 92120 0 0 0 88 88 0 0 0 3122 3122 0 0 0 0 0 0 MISCELLANEOUS 5002 5002 SUBSCRIPTIONS 100 100 341280 341280 0 0 0 373863 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16177 0 0 0 0 0 0 0 0 0 0 0 0 390040 0 9598 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 36722 0 46320 X 0 343720 0 0 0 0 0 343720 0 390040 343720 X false true X true false X 0 0 0 0 685000 685000 0 0 0 0 0 0 685000 685000 0 685000 0 0 0 685000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 ACCRUED PAYROLL AND VACATION BENEFITS 28685 ACCRUED DEFINED CONTRIBUTION COST 8037 36722 X FORM 990, SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE LEAGUE AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2013, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR ARE TO BE TAKEN. ACCORDINGLY, NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS HAVE BEEN ACCRUED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. X X false false false false false false false false false Marc Morial Board Member 0 450000 0 250000 0 0 0 19108 0 126962 0 846070 0 0 Donald E Bowen President & CEO 147116 0 0 0 0 0 8037 0 25134 0 180287 0 0 0 Form 990, Part VI, Section A, Line 6 The Corporation shall have one class of Members entitled to vote on matters that come before the Members. The initial and sole Member of the Corporation shall be the National Urban League, a 501(c)(3) New York not-for-profit corporation ("NUL"). Form 990, PART VI, Section B, LINE 11b UEF's 990 will be reviewed by the SVPs, legal counsel, audit committee and the board. Form 990, PART VI, Section B, LINE 12C Annually, Human Resources requests that each employee reviews and signs the policy. In addition, please note that self-disclosure and the review of contracts before approval helps monitor and enforce the policy. Form 990, Part VI, Section B, Line 15a & 15b CEO compensation is approved by UEF's Board, and staff members' compensation are reviewed and approved by the CEO. Form 990, part VI,Section C, Line 19 The governing documents, conflict of interest policy, and the financial statements are available upon request. Form 990 & Related Schedules - Amended Return The Urban Empowerment Fund ("UEF") is a single member LLC treated generally as a disregarded entity of its sole member- National Urban League (EIN # 13-1840489). A Form 990-N for UEF was filed in May 2014. However, the UEF received the tax determination letter from the Internal Revenue Service using its own name and EIN. Therefore, UEF is no longer eligible to be treated as a disregarded entity. UEF is submitting the amended Form 990 to comply with the annual reporting requirements as per its exempt status. FORM 990 PART IX LINE 11G DESCRIPTION:MANAGEMENT FEES PAID TO NUL TOTAL FEES:26667 FORM 990 PART IX LINE 11G DESCRIPTION:EXECUTIVE SEARCH SERVICES TOTAL FEES:55346 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER PROFESSIONAL FEES TOTAL FEES:10107 National Urban League Inc 120 WALL STREET 8TH FL NEW YORK NY 10005 131840489 SEE PART VII NY 501(c)(3) 7 NA false false false false false false false false false false false false false false false true false false false false National Urban League Inc O 72417 cost SCHEDULE R, PART II, COLUMN B Enable African-American and other underserved urban residents to secure economic self-reliance, parity, power and civil rights. Schedule R, Part V, Line 2 The amount of $72,417 of transactions with related organization consist of the following: Shared employee salary/fringe benefit for 2013 $45,750 Management fee charged BY NUL for 2013 $26,667