Civic Intelligence

Ubuntu Education Fund Inc

990 • Fiscal year 2023 • EIN 31-1705917

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

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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

37th percentile

0.11x

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

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.37x

Higher debt load relative to revenue than 59% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Net Margin

30th percentile

-2.0%

Higher net margin than 30% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

89th percentile

$293,397

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 11.2% of source-year revenue.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Asset Growth

46th percentile

5.1%

Faster asset growth than 46% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

2nd percentile

-73%

Faster revenue growth than 2% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$9,165,126

Up $448,270 (+5.1%) from 2022

Net Assets

Up

$8,191,829

Up $513,866 (+6.7%) from 2022

Liabilities

Down

$973,297

Down $65,596 (-6.3%) from 2022

Revenue

Down

$2,608,914

Down $6,888,303 (-73%) from 2022

Expenses

Up

$2,662,382

Up $78,127 (+3.0%) from 2022

Net Income

Down

-$53,468

Down $6,966,430 (-101%) from 2022

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 2023: $9,165,126Liabilities 2023: $973,297Net Assets 2023: $8,191,8292023Assets 2024: $8,582,722Liabilities 2024: $899,122Net Assets 2024: $7,683,6002024

Highlighted filing

2023

Assets$9,165,126
Liabilities$973,297
Net Assets$8,191,829

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 2023: $2,608,914Expenses 2023: $2,662,382Net Income 2023: -$53,4682023Revenue 2024: $1,593,093Expenses 2024: $2,771,453Net Income 2024: -$1,178,3602024

Highlighted filing

2023

Revenue$2,608,914
Expenses$2,662,382
Net Income-$53,468
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$2,608,914
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,311,587$7,685,451▲ $373,864
Savings and Temporary Cash Investments$855,842$668,524▼ $187,318
Pledges and Grants Receivable$287,717$619,123▲ $331,406
Land, Buildings, and Equipment, Net$5,644$11,503▲ $5,859
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$8,716,856$9,165,126▲ $448,270
Other Assets Total$256,066$180,525▼ $75,541
Liabilities
Unsecured Notes Loans Payable$820,500$820,500→ $0
Mortgage Notes Payable Secured by Investment Property$178,596$98,841▼ $79,755
Accounts Payable and Accrued Expenses$39,797$53,956▲ $14,159
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$1,038,893$973,297▼ $65,596
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,326,212$7,430,671▲ $104,459
Net Assets With Donor Restrictions$351,751$761,158▲ $409,407
Total Net Assets Fund Balance$7,677,963$8,191,829▲ $513,866
Total Liabilities and Net Assets / Fund Balance$8,716,856$9,165,126▲ $448,270

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,693$84,140$92,833
Other Land Buildings$2,810-$2,810
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jacob LiefCEO & FounderFT$293,397$293,397
Jordan LevyChief External RelationsFT$203,996$203,996
Jana ZindellChief Strategy OfficerFT$196,821$196,821
Travis RandallDirector,usFT$138,784$138,784
Alexis DuclosChief of StaffFT$119,520$119,520

Board Members and Trustees

NameTitle
Andrew RolfeChairman
Anne FassBoard Member
Ciko ThomasBoard Member
Colin CowieBoard Member
Daniel OsorioBoard Member
Deborah ShainfeldBoard Member
Dr Frank LipmanBoard Member
Kholisa ThomasBoard Member
Louise BennettsBoard Member
Nicola DragoBoard Member
Paulo EapenBoard Member
Steven MillerBoard Member
Uthani JonasBoard Member
Bill VogeDirector
Lwanda ZingitwaDirector
Rush MccloyDirector
Blair JacobsonDirec
Malizole Banks GwaxulaFounder and Senior Advisor
Stephanie Pottruck GoldmanMember
Ziyanda NtshonaSecretary,
Revenue and Support

Revenue Composition

Contributions and Grants
$2,353,473
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$255,441
All Other Contributions
$2,353,473
Change in Net Assets
$-53,468

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,608,914
Revenue Not Reported on Form 990
$84,072
Total Revenue per Audited Statements
$2,692,986
Total Revenue per Form 990
$2,608,914
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,108,235
Grants and Similar Amounts Paid$892,827
Other Expenses$661,320
Total Fundraising Expense$650,239
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$429,497$67,606$455,415$952,518
Foreign Grants$892,827--$892,827
All Other Expenses$12,673$236,366$29,782$278,821
Travel$52,818$84,024$37,077$173,919
Other Employee Benefits$63,262$9,958$67,080$140,300
Occupancy-$98,353-$98,353
Information Technology--$22,621$22,621
Office Expenses$14,063$2,701$2,385$19,149
Other Salaries and Wages$6,952$1,094$7,371$15,417
Advertising--$11,122$11,122
Depreciation Depletion--$4,085$4,085
Other Expenses-$21,360$2,425$2,425
Conferences and Meetings-$283$1,224$1,507
Total Functional Expenses$1,472,092$540,051$650,239$2,662,382

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,662,382
Total Expenses per Audited Statements$2,662,382
Total Expenses per Form 990$2,662,382
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
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 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
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jacob Lief
Formed
1998
Legal Domicile
Ny
Voting Board Members
21
Independent Board Members
21
Employees
10
Volunteers
22

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 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:

We have 225 students enrolled in the early childhood develpment programme through grade 5 at the ubuntu primary school. The ubuntu ecd model is designed to create a safe, stable envoirment whild allowing student to hone their social emotional skills. Our team observes every child in their classroom on a weekly basis. Formal reflections assess progress and track growth and development in real-time. The ecd team regularly conducts an ages and stages questionnaire (asq) for all students.the asq is a developmental and social -emotional screening tool for children 0-6. As a result of ubuntu's playbased early childhood interventions, over 75% of ecd students are above average in most dimensions in the tool.

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

In addition to our vaccination effors, ubuntu has been steadfast in our commitment to proividing our most vulnerable community members with high quality health care.we continue to play a leading role in our community's battle agianst hiv by sustaining a 100% elimination of mother to child transmission and world class treatment for all clients living with hiv.we are committed to modeling standards for safe,reliable, and high quality clinical programming in an unprecendented pandemic environment.

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

Ubuntu's job skills training (jst) placements also have access to our staff wellness offerings, which include a holistic spectrun of conselling and medical services. In order to meet increasing demand for food and service insdustry jobs, we relaunced the ubuntu cafe on campus. This operational business serves as a dynamic small business simulator and a triaining ground for young people to learn th ins and out of the baritsta industry. Utilising our state ofthe art vocational training center, educators take an interactive, simulated approach to teaching. This approach has given students the opporunity to engage in discussions, recieve feedback, learn from their peers, and build confidenceina workplace enviroment.while waiting to be recruited, recruited students in the job pool contunue to receive mentorship and assistance with soft skills.despite record highs of unemployment in south africa, jst candidates are thriving. We managed to pace more that 400 unemlpoyed youth into employment.

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:11125 fundraising:11125

Form 990 Part IX Line 24 - Other Expenses

Description:communication total expenses:11952 management and general:8652 fundraising:3300

Form 990 Part IX Line 24 - Other Expenses

Description:professional fees total expenses:255744 program services:12673 management and general:227714 fundraising:15357

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IRS990/Form990PartVIISectionAGrp/PersonNm23LOUISE BENNETTS
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO & FOUNDER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHIEF EXTERNAL RELATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHIEF STRATEGY OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR,US
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHIEF OF STAFF
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9FOUNDER AND SENIOR ADVISOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY,
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIREC
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD MEMBER
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IRS990/OtherExpensesGrp/Desc0SPECIAL PROJECTS
IRS990/OtherExpensesGrp/Desc1PAYROLL SERVICE FEE

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