Umoja Magazine - Madison Inc
Nonprofit profile at a glance
- EIN
- 832494880
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990-EZ 2024, Form 990-T 2024
- Location
- Madison, WI, USA
- Phone
- 6087291227
- Rating
- 95
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Alliance/Advocacy Organizations
Reported finances
- Revenue
- $107,499
- Expenses
- $162,583
- Assets
- $39,968
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
People named in this filing
- VALERIA DAVIS (DIRECTOR)
- JIM HORN (DIRECTOR)
- RUBEN ANTHONY JR (CHAIR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of umoja magazine is to empower the african american community in madison and beyond to tell its own story of history, culture, art, and other positive news.
What it reported doing in 2024
Umoja magazine's signature activity is the annual publication of 11 print magazines that feature positive stories and community service messages by and about the black community in madison, Wisconsin and beyond. The stories in each issue are supplemented by extensive photography and original artwork. Each issue of the magazine is themed around an important public service message. In addition to these ongoing topics, occasional special issues are produced to focus on timely topics such as covid-19 in the black community, black excellence in our schools, and others. To further our reach and mission, umoja launched an online version of the magazine in early 2021. This will allow our important educational content to reach more people. It will also allow us the opportunity to deliver important educational content and public service messages in between issues of the print publication. The umoja magazine youth voices project is a new program that provides middle and high school youth with a series of creative writing and media arts workshops that culminate in a special black excellence youth voices issues of umoja magazine. The program teaches youth writing and media arts skills, exposes them to careers in writing and print and digital media, and most importantly, uplifts the stories and experiences of black youth which has been especially critical during these stressful and uncertain times.
Operating model
- Revenue model
- Other-operating. 77% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 24
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -51.2%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0.25; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 12.4% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: 15% per year; rating input score 100; 77th percentile among comparable filings
- Asset growth: -41.1% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $163K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 2/100.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- High — Growth: Asset growth scored 0/100.