Urban League of Greater Madison Inc

Nonprofit profile at a glance

EIN
391098146
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Madison, WI, USA
Phone
6087291200
Rating
85
Verdict
STRONG
Rating confidence
Standard

Official website

Reported finances

Revenue
$5,872,276
Expenses
$5,672,128
Assets
$31,458,725
Liabilities
$14,855,092

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • RUBEN L ANTHONY JR (PRESIDENT/CEO)
  • EDWARD LEE (SENIOR VICE PRESIDENT)

Highest reported compensation

  • RUBEN L ANTHONY JR (PRESIDENT/CEO): $263,184 total reported compensation
  • EDWARD LEE (SENIOR VICE PRESIDENT): $166,455 total reported compensation
  • JIM HORN (CHIEF FINANCIAL OFFICER): $126,511 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the urban league of greater madison is to ensure that african americans and other community members are educated, employed and empowered to live well, advance professionally and contribute to the common good in the 21st century.

What it reported doing in 2024

Small business & entrepreneurial development: the urban league black business hub & black business hub accelerator program (the hub) opened its new facility and scaled up operations significantly in 2024. The hub is a transformative space and ecosystem designed to incubate, accelerate, and network small businesses and emerging entrepreneurs and serve as a catalyst for community engagement and economic activity in an underserved community. The hub spans 80,000square feet and offers a dynamic mix of retail storefronts, co-working spaces, offices, a commercial kitchen, and education spaces with many of the spaces rented at below-market rates to emerging businesses. More than a building, it is a place-based ecosystem that provides training, coaching, other technical assistance, access to capital, mentorship, and community networking. The hub hosted over 600 meetings, classes, networking events, forums, pop-up markets, and other community engagement activities. We provided training, coaching, mentoring, other technical assistance, and/or access to capital for 200 underserved small businesses and aspiring entrepreneurs. We opened the hub entrepreneurship co-working center which provided deeply discounted offices, cubicles, and flex memberships to 21 emerging businesses. The hub operated pop-up markets twice weekly throughout the summer with 20 different vendors participating and able to sell their goods and services. We began the buildout of 5 new spaces for small businesses gearing up to launch or expand their business including a barbershop, podcaster, coffee shop, and others. We opened up the operation of the hub entrepreneurship kitchen with 3 emerging food businesses as our pilot group of testers for the space. We distributed $518,561.22 in grants to 21 emerging businesses bringing our grant and loan total to almost $1.2 million since 2022.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 96% 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 liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 80
  • Accountability: 100
  • Sustainability: 53
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.5%; rating input score 83
  • Program expense ratio: 83.2%; rating input score 83
  • Fundraising efficiency: $64.64 raised per $1 spent on fundraising; rating input score 82; 82nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.4%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 5.55; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.47; rating input score 22; 22nd percentile among comparable filings
  • Officer compensation ratio: 9.8%; rating input score 30; 30th percentile among comparable filings

Growth

  • Program expense growth: 10.6% per year; rating input score 100; 66th percentile among comparable filings
  • Revenue growth: 10.1% per year; rating input score 100; 69th percentile among comparable filings
  • Asset growth: 19% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 82.5% of revenue deployed · 83.2% of spending went to programs
  • Governance: 14 of 14 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $4.7M in reported program spending
  • Leadership: top reported pay $263K · 17 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 4 filed related-organization links
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 46/100.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.
  • Moderate — Sustainability: Officer compensation ratio scored 30/100.