Civic Intelligence

Ubuntu Education Fund Inc

990 • Fiscal year 2020 • EIN 31-1705917

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 15, 2021

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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

55th percentile

0.20x

Higher debt load relative to assets than 55% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

49th percentile

0.14x

Higher debt load relative to revenue than 49% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Net Margin

18th percentile

-12%

Higher net margin than 18% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

92nd percentile

$259,804

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 10.7% of source-year revenue.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Asset Growth

35th percentile

2.0%

Faster asset growth than 35% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

20th percentile

-21%

Faster revenue growth than 20% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,713,335

Up $33,274 (+2.0%) from 2019

Net Assets

Down

$1,376,871

Down $250,990 (-15%) from 2019

Liabilities

Up

$336,464

Up $284,264 (+545%) from 2019

Revenue

Down

$2,424,508

Down $662,225 (-21%) from 2019

Expenses

Down

$2,713,967

Down $350,499 (-11%) from 2019

Net Income

Down

-$289,459

Down $311,726 (-1400%) from 2019

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

2020

Assets$1,713,335
Liabilities$336,464
Net Assets$1,376,871

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

2020

Revenue$2,424,508
Expenses$2,713,967
Net Income-$289,459
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 15, 2021
Return Version
2019v5.1
Gross Receipts
$2,424,508
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$497,696$964,154▲ $466,458
Pledges and Grants Receivable$747,247$397,083▼ $350,164
Prepaid Expenses and Deferred Charges$48,804$0▼ $48,804
Land, Buildings, and Equipment, Net$55,529$39,772▼ $15,757
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$1,680,061$1,713,335▲ $33,274
Other Assets Total$330,785$312,326▼ $18,459
Liabilities
Unsecured Notes Loans Payable$0$305,485▲ $305,485
Accounts Payable and Accrued Expenses$52,200$30,979▼ $21,221
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$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$52,200$336,464▲ $284,264
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$741,402$760,011▲ $18,609
Net Assets With Donor Restrictions$886,428$616,860▼ $269,568
Total Net Assets Fund Balance$1,627,861$1,376,871▼ $250,990
Total Liabilities and Net Assets / Fund Balance$1,680,061$1,713,335▲ $33,274

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$39,772$58,846$98,618
Other Land Buildings-$4,902$4,902
Other Assets Org$297,826--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jacob LiefCEO & FounderFT$259,804$259,804
Jordan LevyChief External RelationsFT$180,508$180,508
Jana ZindellChief Program OfficerFT$173,517$173,517

Board Members and Trustees

NameTitle
Stephanie Pottruck GoldmanChair, Development Committee
Andrew RolfeChairman
Anne FassBoard Member
Ciko ThomasBoard Member
Colin CowieBoard Member
Daniel OsorioBoard Member
Deborah ShainfeldBoard Member
Dr Frank LipmanBoard Member
Kholisa ThomasBoard Member
Nicola DragoBoard Member
Paulo EapenBoard Member
Scott ShleiferBoard Member
Kim HowardFinance & Audit Committee
Malizole Banks GwaxulaFounder & Senior Advisor
William VogeLegal & Governance Committee
Ziyanda NtshonaSecretary, Legal & Governance
Rush MccloyTreasurer, Finance & Audit COM
Revenue and Support

Revenue Composition

Contributions and Grants
$2,411,351
Program Service Revenue
$0
Investment Income
$1,603
Other Revenue
$11,554
All Other Contributions
$2,411,351
Change in Net Assets
$-289,459

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,424,508
Revenue Not Reported on Form 990
$38,500
Total Revenue per Audited Statements
$2,463,008
Total Revenue per Form 990
$2,424,508
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,299,093
Grants and Similar Amounts Paid$902,203
Total Fundraising Expense$896,053
Other Expenses$512,671
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$902,203--$902,203
Current Officers, Directors, Trustees, and Key Employees$224,012$42,781$334,263$601,055
Other Salaries and Wages$200,792$38,346$299,614$538,753
Fees for Services Other$2,061$148,279$17,202$167,542
Occupancy-$90,717-$90,717
Other Employee Benefits$36,203$3,112$49,273$88,588
Payroll Taxes$28,892$2,483$39,322$70,697
Travel$15,345$21,974$31,057$68,376
Information Technology$86$52$59,169$59,307
Other Expenses-$22,937$6,749$29,686
Depreciation Depletion--$19,841$19,841
All Other Expenses$350$666$13,566$14,582
Advertising--$13,959$13,959
Office Expenses$2,101$859$8,659$11,619
Conferences and Meetings$1,155$1,068$3,379$5,602
Total Functional Expenses$1,413,200$404,714$896,053$2,713,967

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,713,967
Total Expenses per Audited Statements$2,713,967
Total Expenses per Form 990$2,713,967
International Activity

International Summary

Offices
2
Employees
65
Spending
$925,139

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$902,202
Europe (Including Iceland and Greenland)FundraisingManagement15$22,937
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
Ubuntu Education Fund South AfricaAffiliate of Ubuntu Education Fund of AfricaEducation Fund in South Africa-$902,204
Friends of Ubuntu Education FundukAffiliate of Ubuntu Education Fund of AfricaFund Raising-$22,937

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 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
2021-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jacob Lief
Formed
1998
Legal Domicile
Ny
Voting Board Members
20
Independent Board Members
18
Employees
12
Volunteers
19

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:

Ubuntu Pathways provides world-class health, education, and household stability support to 2,000 vulnerable children and their families in the townships of Port Elizabeth, South Africa. We mitigate obstacles such as disease, hunger, and abuse by offering individually tailored services to every client, so that they may overcome their unique set of circumstances to lead healthy, financially stable lives. These interventions include: household stability assistance; primary health care services; HIV/AIDS prevention and treatment; reproductive health services early childhood and primary school programming; after-school and university support; and job skills training. Through this comprehensive approach, we ensure that our clients can achieve a lifetime of stability and success.

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

This year, Ubuntu Pathways suspended our core programming to launch a crisis response to the COVID-19 pandemic. Our three largest programs related to this effort are outlined below: Food Security: Ubuntu launched an ambitious food security programme to distribute parcels with nutritional staples and other critical household supplies to nearby townships. Sinc March 2020, we have kept 4,000 households (almost 30,000 community members) fed and healthy each month. Food packages have included a month-long supply of food for approximately 7 household members comprising fresh fruit and vegetables, flour, milk, maize meal, baked beans, sugar, salt, cooking oil, rice, soya beef mince, samp, pasta, tea bags, and supplements. Each package has also contained cleaning products, hand soap, sanitary pads, bleach, and 5 masks.

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

PPE Distribution & Medical Capacity Building: Port Elizabeths healthcare system is in the midst of the worst crisis we have seen in the last two decades. Our local hospitals and clinics lack supplies, capacity, leadership, and trained personnel. While Ubuntus medical programming has always included providing primary healthcare and HIV/TB services to our client base, the COVID-19 crisis has required us to pivot and scale up our medical support to bolster vital clinics and welfare institutions nearby. One of the biggest needs of the community has been sourcing personal protective equipment (PPE), which is critical to carrying out our work and for ensuring the safety of our team and clients. Ubuntu has provided 27 community institutions (including hospitals, clinics, schools and shelters) with critical PPE and other lifesaving equipment, as well as clinical capacity support. This assistance has prevented clinics from closing due to resource shortages, enabling thousands of patients to receive uninterrupted medical treatment and other key social services each day.

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

Wraparound Services: The challenges of COVID-19 have required that we innovate new ways to keep in touch with hundreds of clients and ensure their well-being. Many elderly Ubuntu clients are the heads of their households and primary caretakers for children, making their physical and psychological health paramount to the stability of the overall community. Our team has provided targeted services to grand-parents, parents, and relatives and maintained constant remote communication throughout the year. We have also provided updates via WhatsApp messaging and phone calls, as well as conducted virtual psychosocial sessions. Our caseworkers are also reporting an uptick in clients facing gender-based violence in line with similar reports across the country. Thus, we have increased our case management services targeting women and children and are doing everything possible to ensure that these vulnerable groups remain safe and receive urgent care when in need.

Form 990, Part XII, Line 2(C)

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

Financial Statement Notes

SCHEDULE D LINE 4B

Other income includes ppp loan of $ 8,000

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IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12TREASURER, FINANCE & AUDIT COM
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IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY, LEGAL & GOVERNANCE
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IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
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