Civic Intelligence

Ubiz Venture Capital

EIN 84-3657936 • 501(c)3 • Cleveland, OH

Profile

Vision: UBIZ aspires to be the preeminent organization to directly or collaboratively make business capital readily available to serious African American and other minority led small businesses tha have potential for growth and job creation in the Greater Cleveland area.

2930 Prospect AveCleveland, OH 44115
Siviq Scores

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

Liabilities / Assets

91st percentile

0.82x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

5.16x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

17th percentile

-16%

Higher net margin than 17% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

74th percentile

16%

Faster asset growth than 74% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

18th percentile

-14%

Faster revenue growth than 18% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$4,595,942

Up $409,992 (+9.8%) from 2023

Liabilities

Up

$3,789,709

Up $529,707 (+16%) from 2023

Net Assets

Down

$806,233

Down $119,715 (-13%) from 2023

Operations
Liabilities / Revenue96th percentileNet Margin17th percentile

Revenue

Up

$733,757

Up $57,457 (+8.5%) from 2023

Expenses

Up

$853,472

Up $324,598 (+61%) from 2023

Net Income

Down

-$119,715

Down $267,141 (-181%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth74th percentile

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

$6.0M$4.0M$2.0M$0Assets 2020: $9,167Liabilities 2020: $0Net Assets 2020: $9,1672020Assets 2021: $1,057,138Liabilities 2021: $910,010Net Assets 2021: $147,1282021Assets 2022: $3,419,987Liabilities 2022: $2,641,465Net Assets 2022: $778,5222022Assets 2023: $4,185,950Liabilities 2023: $3,260,002Net Assets 2023: $925,9482023Assets 2024: $4,595,942Liabilities 2024: $3,789,709Net Assets 2024: $806,2332024

Highlighted filing

2024

Assets$4,595,942
Liabilities$3,789,709
Net Assets$806,233
Open 2024 Filing

Operations Trend

Revenue Growth18th percentile

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

$1.0M$500K$0-$500KRevenue 2020: $63,229Expenses 2020: $54,062Net Income 2020: $9,1672020Revenue 2021: $576,814Expenses 2021: $438,854Net Income 2021: $137,9602021Revenue 2022: $994,954Expenses 2022: $384,969Net Income 2022: $609,9852022Revenue 2023: $676,300Expenses 2023: $528,874Net Income 2023: $147,4262023Revenue 2024: $733,757Expenses 2024: $853,472Net Income 2024: -$119,7152024

Highlighted filing

2024

Revenue$733,757
Expenses$853,472
Net Income-$119,715
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,595,942
Liabilities
$3,789,709
Net assets
$806,233
Revenue
$733,757
Expenses
$853,472
Net income
-$119,715
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.60$3.79$0.81$0.73$0.85$0.12
2023Detailed filing. Detailed filing data is available for this year.$4.19$3.26$0.93$0.68$0.53$0.15
2022Detailed filing. Detailed filing data is available for this year.$3.42$2.64$0.78$0.99$0.38$0.61
2021Detailed filing. Detailed filing data is available for this year.$1.06$0.91$0.15$0.58$0.44$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.06$0.05$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jan 29, 2025
Return Version
2024v5.2
Gross Receipts
$733,757
Mission and Program Overview

Mission

Funding solutions to disparitites in sma

Vision: UBIZ aspires to be the preeminent organization to directly or collaboratively make business capital readily available to underserved small businesses that have potential for growth and job creation in the Greater Cleveland area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,677,444$2,312,044▲ $634,600
Cash and Non-Interest-Bearing Accounts$2,492,891$2,270,019▼ $222,872
Prepaid Expenses and Deferred Charges$15,615$13,879▼ $1,736
Total Assets$4,185,950$4,595,942▲ $409,992
Liabilities
Unsecured Notes Loans Payable$3,259,200$3,779,200▲ $520,000
Accounts Payable and Accrued Expenses$802$10,509▲ $9,707
Total Liabilities$3,260,002$3,789,709▲ $529,707
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$357,196$687,193▲ $329,997
Net Assets With Donor Restrictions$568,752$119,040▼ $449,712
Total Net Assets Fund Balance$925,948$806,233▼ $119,715
Total Liabilities and Net Assets / Fund Balance$4,185,950$4,595,942▲ $409,992
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
Lonnie ColemanChairman
Michael ObiPresident
David MerkelDirector
Marsha MocabeeDirector
Lynette CrenshawSecretary
Brian HallTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$493,659
Program Service Revenue
$14,813
Investment Income
$0
Other Revenue
$225,285
Change in Net Assets
$-119,715
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$485,066
Salaries, Compensation, and Employee Benefits$368,406
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$308,724$34,303-$343,027
Fees for Services Other$235,615--$235,615
Information Technology$71,724--$71,724
Office Expenses$29,698$3,300-$32,998
Insurance$27,071--$27,071
Payroll Taxes$22,841$2,538-$25,379
Occupancy$19,203$2,133-$21,336
Advertising$16,713--$16,713
Interest$10,000--$10,000
Other Expenses$1,573$8,264-$9,837
Travel$3,184$353-$3,537
Total Functional Expenses$802,581$50,891$0$853,472
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“UPON REQUEST”

Member election for additional members Part VI line 7A

“UPON REQUEST”

Governing body decisions Part VI line 7B

“UPON REQUEST”

Form 990 governing body review Part VI line 11

“Organizations Process to Review Form 990 A copy of the Federal 990 was provided to the board of directors including schedules. The federal Form 990 will not be filed until all members of the board have had an opportunity to review the completed form 990.”

Conflict of interest policy compliance Part VI line 12C

“Enforcement of Conflicts Policy The Board of Directors are asked to review the policy annually.”

Other officer or key employee compensation Part VI line 15B

“Payroll support for Officer Compensation”

Form 990 availability to public Part VI line 18

“Upon Request in Writing.”

Governing documents etc available to public Part VI line 19

“Consistent with the requirements of section 6104 of the IRC and the regulations thereunder, copies of the organizations Form 990 and governing documents shall be made available upon request, in a timely maner, and subject to the charges permitted by law to any individual who request, in a timely maner, and subject to the charges permitted by law to any individual who request it.”

Filing and Contact Details

Filer

Filer Name
Ubiz Venture Capital
EIN
84-3657936
In Care Of
% MICHAEL OBI
Phone
8595946006
Address
2930 PROSPECT AVE, Cleveland, OH 44115

Signing Officer

Name
Michael Obi
Title
CEO
Phone
8595946006
Signed
2025-01-29
Discuss with paid preparer
No

Organization Details

Formed
2019
Legal Domicile
Oh
Voting Board Members
4
Independent Board Members
4
Employees
6

Preparer

Firm
Rtw Xxact Enterprises LLC
Address
6804 JBR MEMORIAL DR, Stone Mountain, GA 30083
Preparer
Robbie Terry-washington
Phone
4704415140
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“UPON REQUEST”

List of other expenses Part IX line 24E

“UPON REQUEST”

Raw XML Appendix381 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt062750
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02480726
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Organizations Process to Review Form 990 A copy of the Federal 990 was provided to the board of directors including schedules. The federal Form 990 will not be filed until all members of the board have had an opportunity to review the completed form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Enforcement of Conflicts Policy The Board of Directors are asked to review the policy annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Payroll support for Officer Compensation
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Upon Request in Writing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Consistent with the requirements of section 6104 of the IRC and the regulations thereunder, copies of the organizations Form 990 and governing documents shall be made available upon request, in a timely maner, and subject to the charges permitted by law to any individual who request, in a timely maner, and subject to the charges permitted by law to any individual who request it.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9List of other expenses Part IX line 24e
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0802581
IRS990/TotalFunctionalExpensesGrp/TotalAmt0853472
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IRS990/TotalLiabilitiesEOYAmt03789709
IRS990/TotalLiabilitiesGrp/BOYAmt03260002
IRS990/TotalLiabilitiesGrp/EOYAmt03789709
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0925948
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0806233
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0802581
IRS990/TotalProgramServiceRevenueAmt014813
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IRS990/TotalRevenueGrp/ExclusionAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0733757
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04595942
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL OBI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08595946006
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0UBIZ VENTURE CAPITAL
ReturnHeader/Filer/BusinessNameControlTxt0UBIZ
ReturnHeader/Filer/EIN0843657936
ReturnHeader/Filer/InCareOfNm0% MICHAEL OBI
ReturnHeader/Filer/PhoneNum08595946006
ReturnHeader/Filer/USAddress/AddressLine1Txt02930 PROSPECT AVE
ReturnHeader/Filer/USAddress/CityNm0Cleveland
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044115
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0272408928
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RTW XXACT ENTERPRISES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06804 JBR MEMORIAL DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Stone Mountain
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030083
ReturnHeader/PreparerPersonGrp/PhoneNum04704415140
ReturnHeader/PreparerPersonGrp/PreparationDt02025-07-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBBIE TERRY-WASHINGTON
ReturnHeader/ReturnTs02025-07-28T18:02:12-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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