The Urban Empowerment Fund

“The corporation shall have one class of members entitled to vote on matters that come before the members. The initial and sole member of the corporation shall be the national urban league ("nul"), a 501 (c) (3) new york non-for-profit corporation.”

“Uef has a governing board, but does not have any other committee that would have the authority to act on behalf of the board.”

“Uef's form 990 is reviewed by its board.”

“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.”

“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.”

“Diamond ventures funds managment llc: program service expenses 75,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 75,000. Don bowen: program service expenses 187,200. Management and general expenses 0. Fundraising expenses 0. Total expenses 187,200. Loanwell: program service expenses 23,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,000. Friedman associates holding: program service expenses 11,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,000.”

“The urban empowerment fund (the organization) is filing an amended form 990 to correct total number reported in box 3 of form 1096 and disclose the required information for a highest-paid independent contractor who received more than $100,000 of compensation from the organization in 2024. Please note that the same contractor was listed on the schedule o of the original form 990 as supplemental information for part ix statement of functional expenses, line 11g other fees for services. Parts and schedule of form 990 part v, line 1a - the number reported in box 3 of form 1096 original - 0 amended - 2 part vii, section b - independent contractor, line 1 original - none amended - donald bowen 1028 spyglass lane, waxhaw, nc 28173 consulting services $186,000. Part vii, section b - independent contractor, line 2 original - 0 amended - 1”