Civic Intelligence

Ubuntu Education Fund Inc

EIN 31-1705917 • 501(c)3 • New York, NY

Profile

Missionubuntu provides world-class health and educational support to the orphaned and vulnerable children of port elizabeth, south africa, ensuring they can access higher education and employment. Ubuntu's mission is simple, all-encompassing, and radical: to help raise township children by providing what all children deserve-everything.

Refreshing map…

32 BroadwayNew York, NY 10004

www.ubuntufund.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

47th percentile

0.10x

Higher debt load relative to assets than 47% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

0.56x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

4th percentile

-74%

Higher net margin than 4% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

93rd percentile

$369,710

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 23.2% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

31st percentile

-0.8%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Revenue Growth

3rd percentile

-59%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Assets

Down

$8,582,722

Down $134,134 (-1.5%) from 2022

Liabilities

Down

$899,122

Down $139,771 (-13%) from 2022

Net Assets

Up

$7,683,600

Up $5,637 (+0.1%) from 2022

Revenue

Down

$1,593,093

Down $7,904,124 (-83%) from 2022

Expenses

Up

$2,771,453

Up $187,198 (+7.2%) from 2022

Net Income

Down

-$1,178,360

Down $8,091,322 (-117%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2013: $883,818Liabilities 2013: $86,737Net Assets 2013: $797,0812013Assets 2014: $594,335Liabilities 2014: $65,170Net Assets 2014: $529,1652014Assets 2015: $1,110,776Liabilities 2015: $41,105Net Assets 2015: $1,069,6712015Assets 2017: $1,425,419Liabilities 2017: $50,211Net Assets 2017: $1,375,2082017Assets 2018: $1,461,230Liabilities 2018: $76,516Net Assets 2018: $1,384,7142018Assets 2019: $1,680,061Liabilities 2019: $52,200Net Assets 2019: $1,627,8612019Assets 2020: $1,713,335Liabilities 2020: $336,464Net Assets 2020: $1,376,8712020Assets 2021: $1,553,613Liabilities 2021: $181,617Net Assets 2021: $1,371,9962021Assets 2022: $8,716,856Liabilities 2022: $1,038,893Net Assets 2022: $7,677,9632022Assets 2024: $8,582,722Liabilities 2024: $899,122Net Assets 2024: $7,683,6002024

Highlighted filing

2024

Assets$8,582,722
Liabilities$899,122
Net Assets$7,683,600

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2013: $2,257,8312013Revenue 2014: $2,237,873Expenses 2014: $2,505,789Net Income 2014: -$267,9162014Revenue 2015: $2,951,206Expenses 2015: $2,410,700Net Income 2015: $540,5062015Revenue 2017: $2,602,275Expenses 2017: $2,738,320Net Income 2017: -$136,0452017Revenue 2018: $3,005,501Expenses 2018: $3,352,762Net Income 2018: -$347,2612018Revenue 2019: $3,086,733Expenses 2019: $3,064,466Net Income 2019: $22,2672019Revenue 2020: $2,424,508Expenses 2020: $2,713,967Net Income 2020: -$289,4592020Revenue 2021: $2,086,135Expenses 2021: $2,138,010Net Income 2021: -$51,8752021Revenue 2022: $9,497,217Expenses 2022: $2,584,255Net Income 2022: $6,912,9622022Revenue 2024: $1,593,093Expenses 2024: $2,771,453Net Income 2024: -$1,178,3602024

Highlighted filing

2024

Revenue$1,593,093
Expenses$2,771,453
Net Income-$1,178,360

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$1,593,093
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,685,451$7,638,649▼ $46,802
Savings and Temporary Cash Investments$668,524$523,239▼ $145,285
Pledges and Grants Receivable$619,123$375,831▼ $243,292
Land, Buildings, and Equipment, Net$11,503$7,125▼ $4,378
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$9,165,126$8,582,722▼ $582,404
Other Assets Total$180,525$37,878▼ $142,647
Liabilities
Unsecured Notes Loans Payable$820,500$814,749▼ $5,751
Accounts Payable and Accrued Expenses$53,956$64,985▲ $11,029
Mortgage Notes Payable Secured by Investment Property$98,841$19,388▼ $79,453
Grants Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$973,297$899,122▼ $74,175
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,430,671$7,045,735▼ $384,936
Net Assets With Donor Restrictions$761,158$637,865▼ $123,293
Total Net Assets Fund Balance$8,191,829$7,683,600▼ $508,229
Total Liabilities and Net Assets / Fund Balance$9,165,126$8,582,722▼ $582,404

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,315$88,738$93,053
Other Land Buildings$2,810-$2,810
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jacob LiefCEOFT$369,710$369,710
Jana ZindellChief Stratergy OfficerFT$252,776$252,776
Jordan LevyChief External Relation OfficeFT$252,776$252,776
Travis RandallDirector, USFT$175,689$175,689
Alexis DuclosChief of StaffFT$167,515$167,515

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Bdo USA LLP-5300 PATTERSON AVE SE SUITE 100, Grand Rapids, MI 49512$100,573
Revenue and Support

Revenue Composition

Contributions and Grants
$1,106,448
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$486,645
All Other Contributions
$1,106,448
Change in Net Assets
$-1,178,360

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,565,960
Revenue Not Reported on Form 990
$106,751
Total Revenue per Audited Statements
$1,672,711
Total Revenue per Form 990
$1,565,960
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,517,611
Total Fundraising Expense$1,044,534
Other Expenses$683,301
Grants and Similar Amounts Paid$570,541
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$410,690$83,063$724,715$1,218,468
Foreign Grants$570,541--$570,541
All Other Expenses$3,490$250,507$31,436$285,433
Travel$65,810$69,273$36,331$171,414
Other Employee Benefits$55,094$11,143$97,222$163,459
Other Salaries and Wages$45,733$9,249$80,702$135,684
Occupancy-$100,307-$100,307
Advertising--$41,853$41,853
Information Technology--$24,410$24,410
Office Expenses$6,921$501$1,831$9,253
Depreciation Depletion--$4,598$4,598
Conferences and Meetings$300$2,818$1,096$4,214
Other Expenses-$16,361$340$340
Total Functional Expenses$1,158,579$568,340$1,044,534$2,771,453

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,744,320
Total Expenses per Audited Statements$2,744,320
Total Expenses per Form 990$2,744,320
International Activity

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan AfricaProgram ServicesHealth & Education---
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Friends of Ubuntu Education FundukAffiliate of Ubuntu Education Fund of AfricaManagement and General Service--
Ubuntu Education Fund South AfricaAffiliate of Ubuntu Education Fund of AfricaEducation Fund in South Africa--

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Draft of form 990 is delivered to jacob lief for distribution and review by all members of the board of directors.

Form 990, Part VI, Section B, Line 12(C)

Conflict of interest policy is reviewed periodically by board members. All parties are educated on such policy for disclosure is mandatory.

Form 990, Part VI, Section B, Line 15

Ubuntu education fund's board of directors has a compensation committee made up of three individuals. The committee meets three times a year to discuss and review the performance criteria and compensation levels of the company's executives, as well as to review the salary structure for the entire organization. The committee bases its decisions on objective, documented and comparable data. The primary responsibilities of the committee are listed below: 1. Establish and review the organization's overall managment compensation philosophy and policy. 2. Review and approve the organization's goals and objectives relevant to the compensation of the organization's key executives, including annual performance goals and objectives. 3.oversee compliance with the compensation policies and proceduresand the terms of employment contracts. 4.review and authorize employment, compensation, benefit and severance agreements with key executives. 5.evaluate, at least annually, the performance of the key executives against the organization's goals and objectives, including the annual performance objectives, and based upon this evaluation, determine and approve (or recommend to the board for approval in the case of the ceo) the compensation level (including incentive awards and material perquisites) for the key executives, reviewing as appropriate, any agreement or understanding relating to their employment, incentive compensation, or other benefits based on this evaluation. 6.determine and approve the compensation level (including incentive awards and perquisites) for other members of management of the organization as the committtee or the board may from time to time determine to be appropriate. 7. Review on a periodic basis the organization's management compensation programs, including management incentive compensation plans, as well as plans and policies pertaining to perquisites, to determine that they are appropriate, properly coordinated and achieve their intended purpose(s). Recommend to the board any appropriate modifications or new plans or programs. 8. Review and recommend to the board incentive compensation plans of the organization and any modifications of such plans, and review, at least annually, the awards made pursuant to such plans. 9. Review and recommend to the board any changes in employee retirement plans and programs, or other employee benefit plans and programs. 10. Maintain minutes of meetings and regularly report to the board on committee findings, recommendations, actions, and other matters the committee deems appropriate or the board requests. Committee deems appropriate or the board requests.committee deems appropriate or the board requests. Committee deems appropriate or the board requests. Board requests. Board requests. Board requests. Board requests.

Form 990, Part VI, Section C, Line 19

Financial statements available upon request and on website

Filing and Contact Details

Filer

Filer Name
Ubuntu Pathways Inc
EIN
31-1705917
In Care Of
% JACOB LIEF C/O UBUNTU EDU FD
Phone
6468271190
Address
32 BROADWAY, NEW YORK, NY 10004

Signing Officer

Name
Jacob Lief
Title
CEO
Phone
6468271190
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jacob Lief
Formed
1998
Legal Domicile
Ny
Voting Board Members
22
Independent Board Members
22
Employees
0

Preparer

Firm
Fulvio & Associates Llp
Address
5 W 37TH STREET 4TH FL, NEW YORK, NY 10018
Preparer
Gennaro J Fulvio CPA
Phone
2124903113
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1 AND PART III, LINE 1 MISSION:

Ubuntu pathways has redefined mainstream development models by focusing on the depth rather than breadth of our impact on community of $400,000. We believe in trusting those closest to the problem to create the solution.over the past 24 years, we have develop and integrated system of education, health, and household support, from cradle to career. The ubuntu model establishes a foundation for lasting impact.

FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS:

Ubuntu pathws has redefined mainstream development models by focusing on depth rather tahn breadth of our impact on community of $400,000. We beleive in trusting those closet to the problem tocreate the solutions. Over the past 24 years, we have developed an integrted system of education, health, and household support, from cradle to career. The ubuntu model establishes a foundation for lasting impact.

Form 990, Part XII, Line 2(C)

Draft financial statements are presented to the board of directors for review and comments.

Form 990 Part IX Line 24 - Other Expenses

Description:utilities & insurance total expenses:8238 fundraising:8238

Form 990 Part IX Line 24 - Other Expenses

Description:communication total expenses:2860 fundraising:2860

Form 990 Part IX Line 24 - Other Expenses

Description:professional fees total expenses:203113 program services:3490 management and general:179285 fundraising:20338

Form 990 Part IX Line 24 - Other Expenses

Description:interest expense total expenses:44089 management and general:44089

Form 990 Part IX Line 24 - Other Expenses

Description:contribution to uk total expenses:27133 management and general:27133

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