Civic Intelligence

Ulec Leverage Inc

EIN 85-4352949 • 501(c)3 • New York, NY

Profile

Ulec leverage inc. Will facilitate construction financing and support the real property located at 117 west 125th street, new york, ny for the provision of a museum, community facilities, and operating facilities of national urban league (nul), a new york not-for-profit corporation, to use to conduct nul's charitable purpose. The facility will enable nul to operate a civil rights museum, a national headquarters office space, and a conference center/public meeting space in the city of new york.

117 W 125th Street 3rd FloorNew York, NY 10027-4404

www.nul.org

Siviq Scores

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

Liabilities / Assets

8th percentile

0.00x

Higher debt load relative to assets than 8% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

7th percentile

0.00x

Higher debt load relative to revenue than 7% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

36th percentile

1.2%

Faster asset growth than 36% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2024

Revenue Growth

98th percentile

455%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2024

Assets

Up

$13,573,133

Up $155,013 (+1.2%) from 2023

Liabilities

Down

$12,450

Down $13,028,150 (-100%) from 2023

Net Assets

Up

$13,560,683

Up $13,183,163 (+3492%) from 2023

Revenue

Up

$13,186,787

Up $13,031,438 (+8388%) from 2023

Expenses

Up

$3,624

Up $150 (+4.3%) from 2023

Net Income

Up

$13,183,163

Up $13,031,288 (+8580%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2020: $3,633,250Liabilities 2020: $3,633,250Net Assets 2020: $02020Assets 2021: $13,108,284Liabilities 2021: $13,031,450Net Assets 2021: $76,8342021Assets 2022: $13,263,095Liabilities 2022: $13,037,450Net Assets 2022: $225,6452022Assets 2023: $13,418,120Liabilities 2023: $13,040,600Net Assets 2023: $377,5202023Assets 2024: $13,573,133Liabilities 2024: $12,450Net Assets 2024: $13,560,6832024

Highlighted filing

2024

Assets$13,573,133
Liabilities$12,450
Net Assets$13,560,683

Operations Trend

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

$15M$10M$5.0M$0Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $76,965Expenses 2021: $131Net Income 2021: $76,8342021Revenue 2022: $155,135Expenses 2022: $6,324Net Income 2022: $148,8112022Revenue 2023: $155,349Expenses 2023: $3,474Net Income 2023: $151,8752023Revenue 2024: $13,186,787Expenses 2024: $3,624Net Income 2024: $13,183,1632024

Highlighted filing

2024

Revenue$13,186,787
Expenses$3,624
Net Income$13,183,163

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 22, 2025
Return Version
2024v5.2
Gross Receipts
$13,186,787
Mission and Program Overview

Mission

Ulec leverage inc. Will facilitate construction financing and support the real property located at 117 west 125th street, new york, ny for the provision of a museum, community facilities, and operating facilities of national urban league (nul), a new york not-for-profit corporation, to use to conduct nul's charitable purpose. The facility will enable nul to operate a civil rights museum, a national headquarters office space, and a conference center/public meeting space in the city of new york.

To facilitate construction financing and support the real property located at 117 west 125th street, new york, ny for the provision of a museum, community facilities, and operating facilities of national urban league (nul) , a new york not-for-profit corporation, to use to conduct nul's charitable purpose.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$13,031,450$13,031,450→ $0
Total Assets$13,418,120$13,573,133▲ $155,013
Other Assets Total$386,670$541,683▲ $155,013
Liabilities
Other Liabilities$13,031,450$0▼ $13,031,450
Accounts Payable and Accrued Expenses$9,150$12,450▲ $3,300
Total Liabilities$13,040,600$12,450▼ $13,028,150
Net Assets / Fund Balance
Net Assets With Donor Restrictions$377,520$13,560,683▲ $13,183,163
Total Net Assets Fund Balance$377,520$13,560,683▲ $13,183,163
Total Liabilities and Net Assets / Fund Balance$13,418,120$13,573,133▲ $155,013
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dennis SerretteBoard Member
Marc MorialBoard Member
Sidney H Evans JrBoard Member
Winston BurnsBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$13,031,450
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$155,337
Change in Net Assets
$13,183,163
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,624
Total Fundraising Expense$3,624
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting--$3,300$3,300
Office Expenses--$324$324
Total Functional Expenses$0$0$3,624$3,624
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
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 will be reviewed by the svps, legal counsel and the board.

Form 990, Part VI, Section B, Line 12C

Annually, human resources requests that each employee reviews and signs the policy. In addition, please note that self-disclosure and the review of contracts before approval helps monitor and enforce the policy.

Form 990, Part VI, Section B, Line 15

The organization did not compensate its board members or officers during the current tax year. The board members were compensated by a related organization, national urban league as officers or highest-paid employees .

Form 990, Part VI, Section C, Line 19

A. Governing documents and conflict of interest policy are available per request. B. Financial statements are available on the website, in annual report and per request.

Filing and Contact Details

Filer

Filer Name
Ulec Leverage Inc
EIN
85-4352949
Phone
2125585300
Address
117 W 125TH STREET 3RD FLOOR, NEW YORK, NY 10027-4404

Signing Officer

Name
Marc H Morial
Title
Board Member
Phone
2125585300
Signed
2025-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marc H Morial
Formed
2020
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
1
Employees
0
Volunteers
1

Preparer

Firm
Mitchell & Titus Llp
Address
80 PINE STREET 32ND FL, NEW YORK, NY 10005
Preparer
Qian Zhang
Phone
2127094500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Management has analyzed the tax positions taken by the league and has concluded that as of december 31, 2024, there are no uncertain tax positions taken or are to be taken. Accordingly, no interest or penalties related to uncertain tax positions have been accrued in the accompanying consolidated financial statements.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt015603
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt115603
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt215603
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt059293
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt156855
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt244613
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0165000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARC MORIAL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DENNIS SERRETTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2SIDNEY H EVANS JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0BOARD MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1BOARD MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2BOARD MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt01340638
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1564529
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2527052
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WILL BE REVIEWED BY THE SVPS, LEGAL COUNSEL AND THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY, HUMAN RESOURCES REQUESTS THAT EACH EMPLOYEE REVIEWS AND SIGNS THE POLICY. IN ADDITION, PLEASE NOTE THAT SELF-DISCLOSURE AND THE REVIEW OF CONTRACTS BEFORE APPROVAL HELPS MONITOR AND ENFORCE THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DID NOT COMPENSATE ITS BOARD MEMBERS OR OFFICERS DURING THE CURRENT TAX YEAR. THE BOARD MEMBERS WERE COMPENSATED BY A RELATED ORGANIZATION, NATIONAL URBAN LEAGUE AS OFFICERS OR HIGHEST-PAID EMPLOYEES .
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE PER REQUEST. B. FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE, IN ANNUAL REPORT AND PER REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NATIONAL URBAN LEAGUE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0131840489
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SEE PART VII
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt080 PINE STREET 9TH FLOOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010005
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0NATIONAL URBAN LEAGUE, INC. ("NUL") - ENABLE AFRICAN AMERICAN AND OTHER UNDERSERVED URBAN RESIDENTS TO SECURE ECONOMIC SELF-RELIANCE, PARITY, POWER AND CIVIL RIGHTS.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R, PART II, COL (B) - PRIMARY ACTIVITY
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt013418120
IRS990/TotalAssetsEOYAmt013573133
IRS990/TotalAssetsGrp/BOYAmt013418120
IRS990/TotalAssetsGrp/EOYAmt013573133
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt013031450
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03624
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03624
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013040600
IRS990/TotalLiabilitiesEOYAmt012450
IRS990/TotalLiabilitiesGrp/BOYAmt013040600
IRS990/TotalLiabilitiesGrp/EOYAmt012450
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0377520
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt013560683
IRS990/TotalOtherCompensationAmt0207570
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0155337
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt013186787
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013418120
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013573133
IRS990/TotReportableCompRltdOrgAmt02224649
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0117 W 125TH STREET 3RD FLOOR
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd0100274404
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0WWW.NUL.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARC H MORIAL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD MEMBER
ReturnHeader/BusinessOfficerGrp/PhoneNum02125585300
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ULEC LEVERAGE INC
ReturnHeader/Filer/BusinessNameControlTxt0ULEC
ReturnHeader/Filer/EIN0854352949
ReturnHeader/Filer/PhoneNum02125585300
ReturnHeader/Filer/USAddress/AddressLine1Txt0117 W 125TH STREET 3RD FLOOR
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd0100274404
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0132781641
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MITCHELL & TITUS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt080 PINE STREET 32ND FL

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