Civic Intelligence

Ubuntu Education Fund Inc

990 • Fiscal year 2019 • EIN 31-1705917

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 15, 2020

Refreshing map…

32 BroadwayNew York, NY 10004

(646) 827-1190

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

37th percentile

0.03x

Higher debt load relative to assets than 37% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

30th percentile

0.02x

Higher debt load relative to revenue than 30% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Net Margin

38th percentile

0.7%

Higher net margin than 38% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

92nd percentile

$257,793

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Asset Growth

70th percentile

15%

Faster asset growth than 70% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

46th percentile

2.7%

Faster revenue growth than 46% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,680,061

Up $218,831 (+15%) from 2018

Net Assets

Up

$1,627,861

Up $243,147 (+18%) from 2018

Liabilities

Down

$52,200

Down $24,316 (-32%) from 2018

Revenue

Up

$3,086,733

Up $81,232 (+2.7%) from 2018

Expenses

Down

$3,064,466

Down $288,296 (-8.6%) from 2018

Net Income

Up

$22,267

Up $369,528 (+106%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2019

Assets$1,680,061
Liabilities$52,200
Net Assets$1,627,861

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$3,086,733
Expenses$3,064,466
Net Income$22,267
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 15, 2020
Return Version
2018v3.1
Gross Receipts
$3,643,565
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$452,459$747,247▲ $294,788
Savings and Temporary Cash Investments$560,151$497,696▼ $62,455
Land, Buildings, and Equipment, Net$71,293$55,529▼ $15,764
Prepaid Expenses and Deferred Charges$144,774$48,804▼ $95,970
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
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,461,230$1,680,061▲ $218,831
Other Assets Total$232,553$330,785▲ $98,232
Liabilities
Accounts Payable and Accrued Expenses$76,516$52,200▼ $24,316
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans 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$76,516$52,200▼ $24,316
Net Assets / Fund Balance
Temporarily Rstr Net Assets$593,006$886,428▲ $293,422
Unrestricted Net Assets$791,708$741,402▼ $50,306
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$1,384,714$1,627,861▲ $243,147
Total Liabilities and Net Assets / Fund Balance$1,461,230$1,680,061▲ $218,831

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$51,607$34,077$85,684
Other Land Buildings$3,922$980$4,902
Other Assets Org$316,285--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jacob LiefCEO & FounderFT$257,793$257,793
Jana ZindellChief Program OfficerFT$179,241$179,241
Jordan LevyChief External RelationsFT$179,241$179,241

Board Members and Trustees

NameTitle
Stephanie Pottruck GoldmanChair, Development Committee
Andrew RolfeChairman
Nomkhita NqweniSa Chair, U.me.we. Committee
Anne FassBoard Member
Ciko ThomasBoard Member
Colin CowieBoard Member
Daniel OsorioBoard Member
David LamondBoard Member
Deborah ShainfeldBoard Member
Dr Frank LipmanBoard Member
Katherine ScottBoard Member
Kholisa ThomasBoard Member
Nicola DragoBoard Member
Paulo EapenBoard Member
Sandra MyburghBoard Member
Scott ShleiferBoard Member
Kim HowardFinance & Audit Committee
Winston GinsbergFinance & Audit Committee
Malizole Banks GwaxulaFounder & Senior Advisor
Bill VogeLegal & Governance Committee
Ziyanda NtshonaSecretary, Legal & Governance
Rush MccloyTreasurer, Finance & Audit COM
Revenue and Support

Revenue Composition

Contributions and Grants
$2,567,669
Program Service Revenue
$0
Investment Income
$526
Other Revenue
$518,538
All Other Contributions
$2,567,669
Change in Net Assets
$22,267

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,086,733
Revenue Not Reported on Form 990
$220,880
Total Revenue per Audited Statements
$3,307,613
Total Revenue per Form 990
$3,086,733
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,236,538
Total Fundraising Expense$1,029,551
Grants and Similar Amounts Paid$969,782
Other Expenses$858,146
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$969,782--$969,782
Current Officers, Directors, Trustees, and Key Employees$245,076$52,724$315,277$613,077
Other Salaries and Wages$184,882$39,775$237,840$462,496
Fees for Services Other$134,100$147,140$132,021$413,261
Other Employee Benefits$41,031$3,009$53,811$97,851
Travel$19,768$34,028$40,453$94,249
Occupancy-$87,766-$87,766
Payroll Taxes$26,465$1,940$34,709$63,114
Information Technology$1,103$2$57,607$58,712
Other Expenses$105$4,293$50,875$55,273
Depreciation Depletion--$20,457$20,457
Advertising--$18,590$18,590
All Other Expenses$149$1,042$14,029$15,220
Office Expenses$945$273$6,206$7,424
Conferences and Meetings$2,758$1,976$2,356$7,090
Total Functional Expenses$1,626,164$408,752$1,029,551$3,064,466

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,064,466
Total Expenses per Audited Statements$3,064,466
Total Expenses per Form 990$3,064,466
International Activity

International Summary

Offices
2
Employees
65
Spending
$974,000

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 & Education160$970,000
Europe (Including Iceland and Greenland)FundraisingManagement15$4,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,058,944
Fundraising Direct Expenses$556,832
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
US Gala$793,138$793,138$352,384$440,754
US Gala$265,806$265,806$153,967$111,839
Total Events$1,058,944$1,058,944$506,351$552,593
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
Ubuntu Education Fund South AfricaAffiliate of Ubuntu Education Fund of AfricaEducation Fund in South Africa-$970,000
Friends of Ubuntu Education FundukAffiliate of Ubuntu Education Fund of AfricaFund Raising-$4,000

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 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
Yes
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 procedures and 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.

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
2020-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jacob Lief
Formed
1998
Legal Domicile
Ny
Voting Board Members
19
Independent Board Members
19
Employees
16
Volunteers
30

Preparer

Firm
Fulvio & Associates Llp
Address
5 W 37th Street 4th Fl, NEW YORK, NY 10018
Preparer
Gennaro J Fulvio
Phone
2124903113
Supplemental Narrative

Additional Explanations

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

Mission ubuntu provides world-class health and educational support to 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.

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

Ubuntu transforms the lives of 2,000 children and their families. Health 1. Develop the province's leading hiv health clinic for vulnerable children and their caregivers. 2. Increase access to life-saving medicine for hiv-positive children and their caregivers. 3. Ensure hiv-positive pregnant women have access to drugs that prevent transmission of the virus to their children. 4. Provide access to hiv testing for children and their families. 5. Ensure each child in our program is regularly seen by a doctor.

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

Education: preschool-grade 12 1. Provide intensive, high quality education from early childhood through grade 12 through the organization's own independent primary school, the ubuntu school, to ensure access to university and employment. 2. Improve school attendence. 3. Improve academic performance. 4. Provide after-school and weekend programming as well as holiday camps to ensure our children are both safe and learning during non- school hours. 5. Improve student level of life skills and self-confidence. 6. Increase the number of vulnerable children graduating from high school and university. 7. Ensure our students secure employment upon graduating. Education: university and training programs 1. Strengthen our university scholarship program. 2. Ensure our high school program prepares students to make informed decisions about their futures. 3. Provide more than 30 scholarships per year. 4. Provide financial, emotional, social and medical support for our children throughout the university. 5. Ensure students are paired with peer mentors from their communities to assist with difficult life choices.

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

Household stability 1. Strengthen our household stability initiative providing comprehensive social, medical and nutritional interventions in all our children's homes. 2. Ensure the homes of our children are helathy, clean, safe and tb-free. 3. Improve food security for vulnerable households. 4. Decrease levels of transactional sex for girls in vulnerable households. 5. Ensure all child-headed households are secure and have adequate resources to support the family.sustainability 1. Invest in ubuntu's institutional capacity to ensure that we develop into a truly sustainable organization. 2. Create a foundation of systems, policies and protocols to further strengthen the hr department and inculcate our unique mangagement culture. 3. Empower our team and ensure succession planning by further developing and training our staff. 4. Rebrand ubuntu and launch a digital platform to further mobilize a community of global supporters. 5. Complete physical upgrades and renovations of the ubuntu center. 6. Transform the complex into a world-class health and education campus. Recent achievements and recognition internal achievements: 1. Ubuntu continues to provide comprehensive services to 2,000 orphaned and vulnerable children, ensuring that they are stabilized on our "cradle to career" pathway. 2. 100% of ubuntu's expecting hiv-positive mothers gave birth to hiv-negative babies in our prevention of mother-to-child transmission program. 3. 90% of students in our future leaders program passed the matric exam, meaning they are eligible to apply for university. 4. Our mother and child hiv treatment clinic continues to be a bastion of safety for our community - our retention rate in our clinical programs remained above 92%. 5. Our ubuntu pathways program, which targets non-university track students, had a second successful year with 66% of our participants having secured steady employment. 6. We saw a 99% retension rate in our early childhood development program. 7. Our household stability program is the core of everything we do at ubuntu. Over the past year, we conducted home assessments and developed individual case management plans for over 250 families which included services like child protection support and security upgrades to ensure homes were safe. External achievements 1. We hosted an incredibly successful gala in new york city raising over $900,000. 2. Ubuntu partnered with the university of pennsylvania's center for high impact philanthropy to produce and launch the philanthropy unfiltered podcast series, hosted by jacob lief. 3. Ubuntu hosted highly successful social events in new york, london and los angeles raising over $100,000. 4. Ubuntu was highlighted at the 2016 clinton global initiative annual meeting.

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 11G

Description:consultants total fees:413261

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IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
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