Civic Intelligence

Ubiz Venture Capital

990EZ • Fiscal year 2020 • EIN 84-3657936

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 02, 2021

Organization Profile
2930 Prospect AveCleveland, OH 44115

(859) 594-6006

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

63rd percentile

14%

Higher net margin than 63% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

$9,167

No earlier filing loaded for comparison.

Net Assets

$9,167

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin63rd percentile

Revenue

$63,229

No earlier filing loaded for comparison.

Expenses

$54,062

No earlier filing loaded for comparison.

Net Income

$9,167

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2020

Assets$9,167
Liabilities$0
Net Assets$9,167
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2020

Revenue$63,229
Expenses$54,062
Net Income$9,167
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 2, 2021
Return Version
2020v4.1
Gross Receipts
$63,229
Mission and Program Overview

Mission

Funding solutions to disparitites in sma

Program Services

DescriptionGrantsExpenses
THE UBIZ VENTURE CAPITAL IS A VEHICLE THAT HAS BEEN STRATEGICALLY ESTABLISHED WITH THE FULL SUPPORT OF THE URBAN LEAGUE OF GREATER CLEVELANDS BOARD OF DIRECTORS TO BRING TANGIBLE S$62,750$52,812
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHAEL OBIDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Ubiz Venture Capital
EIN
84-3657936
Address
2930 PROSPECT AVE, Cleveland, OH 44115

Signing Officer

Name
Michael Obi CEO
Title
CEO
Phone
8595946006
Signed
2021-11-02
Discuss with paid preparer
No

Preparer

Firm
RTW Xxact Enterprises LLC
Address
6804 James B Rivers Memorial Drive, Stone Mountain, GA 30083
Preparer
Robbie Terry Washington
Phone
4704415140
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

“Description AmountINTEREST EARNED 479”

Description of other expenses Part I line 16

“Description AmountOffice Supplies & Software 10,230Dues & Subscriptions 1,863Insurance 4,902Grant Writer Fees 9,500Bank Fees 300Interest Expense 1,250”

Raw XML Appendix127 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0MICHAEL OBI
IRS990EZ/BooksInCareOfDetail/PhoneNum08595946006
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02930 PROSPECT AVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Cleveland
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd044115
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt00
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt09167
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt062750
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt09167
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt04600
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt09167
IRS990EZ/GrossReceiptsAmt063229
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitialReturnInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesEOYAmt09167
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt09167
IRS990EZ/OccupancyRentUtltsAndMaintAmt01500
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MICHAEL OBI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt028045
IRS990EZ/OtherRevenueTotalAmt0479
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0FUNDING SOLUTIONS TO DISPARITITES IN SMA
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE UBIZ VENTURE CAPITAL IS A VEHICLE THAT HAS BEEN STRATEGICALLY ESTABLISHED WITH THE FULL SUPPORT OF THE URBAN LEAGUE OF GREATER CLEVELANDS BOARD OF DIRECTORS TO BRING TANGIBLE S
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt062750
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt052812
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt019917
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt054062
IRS990EZ/TotalProgramServiceExpensesAmt052812
IRS990EZ/TotalRevenueAmt063229
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt062750
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt062750
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0479
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0479
IRS990ScheduleA/PrivateFoundation170Ind0X
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.08000
IRS990ScheduleA/PublicSupportTotal170Amt05060
IRS990ScheduleA/SubstantialContributorsTotAmt057690
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt062750
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt062750
IRS990ScheduleA/TotalSupportAmt063229
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleC/Form4720FiledSection4955TaxInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountINTEREST EARNED 479
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountOffice Supplies & Software 10,230Dues & Subscriptions 1,863Insurance 4,902Grant Writer Fees 9,500Bank Fees 300Interest Expense 1,250
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL OBI CEO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08595946006
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0UBIZ VENTURE CAPITAL
ReturnHeader/Filer/BusinessNameControlTxt0UBIZ
ReturnHeader/Filer/EIN0843657936
ReturnHeader/Filer/USAddress/AddressLine1Txt02930 PROSPECT AVE
ReturnHeader/Filer/USAddress/CityNm0Cleveland
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044115
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0272408928
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RTW Xxact Enterprises LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06804 James B Rivers Memorial Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Stone Mountain
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030083
ReturnHeader/PreparerPersonGrp/PhoneNum04704415140
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Robbie Terry Washington
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-11-15T19:21:05-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0OBI
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,167
Liabilities
$0
Net assets
$9,167
Revenue
$63,229
Expenses
$54,062
Net income
$9,167
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