2023-09-19T13:41:25-05:00 2022-12-31 111986323 MARCUM LLP 10 MELVILLE PARK ROAD MELVILLE NY 117473146 990 2022-01-01 010683413 THE COUNCIL OF URBAN PROFESSIONALS INSTITUTE COUN 9173288840 55 EXCHANGE PLACE 405 NEW YORK NY 10005 MELISSA FENTON EXECUTIVE DIRECTOR 6466195186 2023-09-19 1 MELISSA FENTON 999009999 1 MARY ANN MENDEL P00551302 6314144000 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MELISSA FENTON 55 EXCHANGE PLACE 405 NEW YORK NY 10005 1693077 0 X WWW.CUPUSA.ORG X 2002 NY TO INSPIRE, ELEVATE AND EMPOWER THE NEXT GENERATION OF DIVERSE BUSINESS, CIVIC LEADERS AND WOMEN. 20 20 4 25 0 0 1190744 1693077 0 0 0 0 -29597 -95453 1161147 1597624 0 0 0 0 443990 691120 0 0 162160 413456 897984 857446 1589104 303701 8520 819848 708568 449327 329527 370521 379041 X THE COUNCIL OF URBAN PROFESSIONALS INSTITUTE'S (CUPI) MISSION IS TO INSPIRE, ELEVATE, AND EMPOWER THE NEXT GENERATION OF DIVERSE BUSINESS, CIVIC LEADERS AND WOMEN. 0 0 353674 LEADERSHIP INSTITUTE - GRADUATED THE COHORT OF THE 15TH NEW YORK CUP FELLOWS PROGRAM. A DYNAMIC AND ENGAGED GROUP OF BUSINESS AND CIVIC LEADERS; 24 MID-CAREER PROFESSIONALS, 347 CUP NY FELLOWS ALUMNI TO DATE. CONCLUDED OUR 5TH YEAR OF THE LA CUP FELLOWS PROGRAM IN JANUARY 2022 WITH 19 GRADUATES. 104 CUP LA FELLOWS TO DATE. CUP CONVENING VIRTUAL AND IN-PERSON EVENT JOINT NY & LA, HOSTED BY MATCH GROUP, GATHERING, GANSEVOORT HOTEL GREENHOUSE ROOFTOP OCTOBER 15, 2022, 81 ATTENDED. 750863 POWER FORUMS AND SUMMITSHELD OUR 4TH ANNUAL P2P SUMMIT- HOSTED BY GOLDMAN SACHS, "THE POWER OF PURPOSE" APRIL 5, 2022. VIRTUAL, OVER 400 ATTENDED. CUP HELD A 15TH ANNIVERSARY INAUGURAL MARTHA'S VINEYARD SUMMIT ON OAK BLUFFS IN FRIDAY, AUGUST 19 SUNDAY, AUGUST 21ST, 2022. OVER 250 ATTENDED.HELD OUR 15TH ANNIVERSARY WALL STREET PARTNERS POWER FORUM, HOSTED BY CITI, FEATURING CEO JANE FRASER AND CFO MARK MASON, ERIKA IRISH BROWN, IDA LIU AND MARIA HACKLEY ON THURSDAY, NOVEMBER 10, 2022; RECOGNIZED 15 FINANCE CATALYSTS.OVER 400 REGISTERED. HELD OUR 13TH ANNUAL LAWYERS FORUM HOSTED BY PAUL WEISS, 'OUR RIGHTS AND REMEDIES" HIGHLIGHTING CIVIC ENGAGEMENT AND A TRIBUTE TO DAVID BROWN'S. GEORGE C. FATHEREE, III, LAW CATALYST AND SIDLEY PARTNER WAS HONORED WITH "CUP DAVID W. BROWN, LEGAL TRAILBLAZER OF THE YEAR AWARD" IN COMMEMORATION OF THE HISTORIC "BRUCE'S BEACH CASE." SPEAKERS INCLUDED, SECRETARY JEH JOHNSON, MANHATTAN DA, ALVIN BRAGG, JULIN CASTRO, MELISSA MURRAY AND ELIE MYSTAL OF MSNBC. HELD ON DECEMBER 1, 2022. RECOGNIZED 9 LAW CATALYSTS. OVER 400 REGISTERED. HELD OUR 3RD ANNUAL TECH POWER FORUM SPONSORED BY NASDAQ AND BARCLAYS, "ENTREPRENEURSHIP AND THE NEW TECH FRONTIER. RECOGNIZED 13 TECH CATALYSTS. OVER 130 REGISTERED.CUP LACUP LA HELD AN INAUGURAL SPORTS DINNER DURING THE SUPERBOWL SPONSORED BY CO-SPONSORED BY UTA, MORGAN STANLEY AND ANDRE FARR ON FEBRUARY 12, 2022.HELD AT PENINSULA HOTEL. 25 ATTENDED. "RISIN' TO THE TOP: INSIDE THE STUDIO SYSTEM" WEBINAR WAS HELD VIRTUALLY, SPONSORED BY UTA, HELD ON MARCH 23, 2022. OVER 200 REGISTERED. ALTERNATIVE PATHS TO ALTERNATIVE INVESTING POWER FORUM WAS HELD IN-PERSON AT CAA THEATER, SPONSORED BY ARES MANAGEMENT AND MORGAN STANLEY ON MAY 4, 2022. OVER 240 REGISTERED. OUR CUP LA DINNER@7 EXPLORED "MARKETING AT THE SPEED OF CULTURE" HOSTED BY UTA WAS HELD ON TUESDAY, DECEMBER 6, 2022. 30 ATTENDED. HELD AN LA HOLIDAY GATHERING, AT "THE WEST HOLIDAY EDITION" - LOS ANGELES, CA, DECEMBER 9TH, 2022, 145 REGISTERED. 228470 OTHER IN HONOR AND CELEBRATION OF CUP'S 15TH ANNIVERSARY YEAR, CUP RANG THE OPENING BELL AT NASDAQ ON DECEMBER 16, 2022 AND MELISSA FENTON PRESENTED ORGANIZATIONAL HIGHLIGHTS ON A GLOBAL SCALE. FELLOWS, BOARD MEMBERS, CATALYSTS AND CORPORATE PARTNERS ATTENDED. 66 REGISTERED. PRODUCED 4 VIRTUAL "CUP CONVERSATIONS" OFFERED FREE FOR OUR COMMUNITY. "ART AS AN ALTERNATIVE INVESTMENT" HELD ON FEBRUARY 15, 2022; OVER 200 REGISTERED. "DIVERSE LEADERS DRIVING COMMUNITY IMPACT" HELD ON FEBRUARY 24, 2022. OVER 100 REGISTERED. "EXPANDING THE TECH TALENT PIPELINE WITH 250K WOMEN OF COLOR," HELD ON MARCH 30, 2022. OVER 130 REGISTERED. PRIDE MONTH A VIDEO INTERVIEW WAS RELEASED ON JUNE 30, 2022, WITH CUP 2020 NY FELLOW ALUM ALICIA CEPEDA MAULE INTERVIEWED BY CUP ED MELISSA FENTON, FOR HER WORK ON THE INNOCENCE PROJECT AND AWARD WINNING NEW VENTURE "GIVEPACT" - A CRYPTOCURRENCY NON-PROFIT. PRODUCED 2 NEW YORK FELLOWS ALUMNI WEBINARS: "FULFILLING YOUR CUP: DO WHAT YOU LOVE, CREATE A THRIVING & FULFILLING CAREER," WAS HELD MARCH 6, 2022. OVER 20 REGISTERED. "IT'S A BIRD! IT'S A PLANE! IT'S AN NFT!" HELD ON APRIL 8, 2022. OVER 35 REGISTERED. HELD AN IN-PERSON NY HOLIDAY GATHERING AT 333 LOUNGE ON DECEMBER 13, 2022. 50 ATTENDED. HELD TWO CUP CONNECTIONS "PART 1: FEMALE ENTREPRENEURS ELEVATING THEIR COMMUNITIES", APRIL 20, 2022. OVER 130 REGISTERED AND "PART II: INVESTING IN FEMALE ENTREPRENEURS FOR IMPACT", HELD ON MAY 20, 2022. OVER 120 REGISTERED, HOSTED BY BANK OF AMERICA. 1333007 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 46 0 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 CA NY X MELISSA FENTON 6466195186 55 EXCHANGE PLACE NEW YORK NY 10005 MICHAEL A PERSAUD CHAIRMAN 5.00 0.00 X X 0 0 0 INDHIRA ARRINGTON VICE CHAIRMAN 1.00 0.00 X X 0 0 0 LUCAS F TORRES TREASURER 2.00 0.00 X X 0 0 0 JOHNITA WALKER MIZELLE CHAIR EMERITUS 1.00 0.00 X X 0 0 0 BARRY SIMMONS DIRECTOR 1.00 0.00 X 0 0 0 DAVID W BROWN - OFF 2022 DIRECTOR 1.00 0.00 X 0 0 0 FERNANDO A BOHORQUEZ JR DIRECTOR 1.00 0.00 X 0 0 0 FERNANDO RIVERA DIRECTOR 1.00 0.00 X 0 0 0 FRANK DIX DIRECTOR 1.00 0.00 X 0 0 0 HARRY VALETK DIRECTOR 1.00 0.00 X 0 0 0 IKE EMEHELU DIRECTOR 1.00 0.00 X 0 0 0 JEAN-RENE ZETRENNE DIRECTOR 1.00 0.00 X 0 0 0 JOSH HILL DIRECTOR 1.00 0.00 X 0 0 0 KENNETH N EBBIE DIRECTOR 1.00 0.00 X 0 0 0 MEREDITH MOORE DIRECTOR 1.00 0.00 X 0 0 0 RASHAAN REID DIRECTOR 1.00 0.00 X 0 0 0 ROSSIE TURMAN III DIRECTOR 1.00 0.00 X 0 0 0 SANDRA HURSE DIRECTOR 1.00 0.00 X 0 0 0 STEVEN WOLFE PEREIRA DIRECTOR 1.00 0.00 X 0 0 0 TEJASH PATEL DIRECTOR 1.00 0.00 X 0 0 0 TIMICKA C ANDERSON DIRECTOR 2.00 0.00 X 0 0 0 MELISSA FENTON EXECUTIVE DIRECTOR 75.00 0.00 X 227288 0 19491 227288 0 19491 1 0 1 0 0 832500 860577 161735 1693077 0 832500 95453 -95453 -95453 1597624 0 0 -95453 X 246779 185084 24678 37017 376167 310194 34391 31582 33873 27887 3102 2884 34301 27321 3247 3733 84000 66906 7955 9139 298531 279553 3475 15503 2280 2280 45551 28517 3224 13810 9717 7739 920 1058 33600 9628 4277 19695 405416 375178 2499 27739 3889 3889 BAD DEBT 15000 15000 0 0 1589104 1333007 93937 162160 559702 338280 228578 285554 24346 81401 14998 11665 7222 3333 819848 708568 117577 105302 331750 224225 449327 329527 X 370521 379041 370521 379041 819848 708568 8520 0 X 0 1 X 1 0 X 1349350 1003896 956982 1190744 1693077 6194049 1349350 1003896 956982 1190744 1693077 6194049 773664 5420385 3900 3900 2090 18691 12662 -29597 -95453 -91607 6106342 102626 0.88770 0.90950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14998 11665 3333 3333 X 1741182 143558 143558 1597624 0 1597624 1732662 143558 143558 1589104 0 1589104 PART X, LINE 2: NO PROVISION HAS BEEN MADE FOR INCOME TAXES SINCE THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THERE WAS NO NET UNRELATED BUSINESS INCOME DURING THE YEARS ENDED DECEMBER 31, 2022 AND 2021. THE ORGANIZATION FOLLOWS THE GUIDANCE OF ACCOUNTING STANDARDS CODIFICATION (ASC) 740, WHICH REQUIRES AN ASSESSMENT OF UNCERTAINTY IN INCOME TAXES AND CERTAIN FINANCIAL STATEMENT DISCLOSURES RELATING TO UNRECOGNIZED TAX BENEFITS. UNCERTAINTY IN INCOME TAXES FOR A NOT-FOR-PROFIT ORGANIZATION WOULD INCLUDE THE STATUS OF ITS EXEMPTION FROM TAXES, THE STATUS OF FILINGS IN LOCAL JURISDICTIONS, AND UNRELATED BUSINESS INCOME, IF ANY. THE ORGANIZATION HAS DETERMINED THAT IT DOES NOT CURRENTLY HAVE ANY TAX POSITIONS THAT IT CONSIDERS TO BE UNCERTAIN. AS OF DECEMBER 31, 2022, THE STATUTE OF LIMITATIONS FOR TAX YEARS ENDED 2019 - 2022 REMAIN OPEN WITH THE U.S. FEDERAL JURISDICTION AND/OR VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE ORGANIZATION FILES TAX RETURNS X 0 DS CONSULTING GROUP 757 THIRD AVENUE 20TH FLOOR NEW YORK NY 10017 FUNDRAISING SERVICES FOR ANNUAL GALA 0 832500 15000 817500 832500 15000 817500 NY GALA 832500 832500 95453 832500 832500 95453 95453 -95453 X X 0 0 0 0 0 0 0 0 0 MELISSA FENTON EXECUTIVE DIRECTOR 207288 0 20000 0 0 0 0 0 19491 0 246779 0 0 0 X 161735 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE AUDITOR WORKS WITH THE FINANCE TEAM TO PREPARE A DRAFT OF IRS FORM 990. PRIOR TO SUBMITTING IT TO THE BOARD OF DIRECTORS, THE TREASURER, THE FINANCE/AUDIT COMMITTEE AND EXECUTIVE DIRECTOR REVIEW THE DRAFT FORM. THE REVIEW OF THE FORM IS CONDUCTED BY THE TREASURER TO ENSURE THAT IT IS CONSISTENT WITH THE FINANCIAL STATEMENTS AND THAT THE QUESTIONS AND DESCRIPTIVE STATEMENTS ARE ACCURATE. THE BOARD OF DIRECTORS IS PRESENTED WITH A FINAL DRAFT OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, BOARD MEMBERS PROVIDE WRITTEN DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THE BOARD MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY WITH EMPLOYEES AT THE TIME OF HIRE AS WELL AS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS MUST APPROVE IN ADVANCE, COMPENSATION FOR OFFICERS OF THE CORPORATION. BEFORE APPROVING THE COMPENSATION OF AN OFFICER, THE BOARD DETERMINES THAT TOTAL COMPENSATION INCLUDING BENEFITS IS REASONABLE IN AMOUNT IN LIGHT OF THE POSITION, RESPONSIBILITY AND QUALIFICATION OF THE OFFICER FOR THE POSITION HELD, INCLUDING THE RESULT OF AN EVALUATION OF THE OFFICER'S PRIOR PERFORMANCE FOR THE CORPORATION, IF APPLICABLE. AT THE TIME OF THE DISCUSSION AND DECISION CONCERNING AN OFFICER'S COMPENSATION, THE OFFICER IS NOT PRESENT IN THE MEETING. THE BOARD SHALL OBTAIN AND CONSIDER APPROPRIATE DATA CONCERNING COMPARABLE COMPENSATION PAID TO SIMILAR OFFICERS IN LIKE CIRCUMSTANCES AND GEOGRAPHICAL REGION. THE EXECUTIVE COMMITTEE SETS FORTH THE BASIS FOR ITS DECISION WITH RESPECT TO COMPENSATION IN THE MINUTES OF THE MEETING AT WHICH THE DECISIONS ARE MADE, INCLUDING THE CONCLUSION OF THE EVALUATION AND THE BASIS FOR DETERMINING THAT THE INDIVIDUAL'S COMPENSATION WAS REASONABLE IN LIGHT OF THE EVALUATION AND COMPARABILITY DATA. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS AND FEDERAL FORM 990S ARE AVAILABLE FOR PUBLIC REVIEW UPON REQUEST. FORM 990, PART IX, LINE 11G PROGRAM CONSULTANTS: PROGRAM SERVICE EXPENSES 279,553. MANAGEMENT AND GENERAL EXPENSES 3,475. FUNDRAISING EXPENSES 15,503. TOTAL EXPENSES 298,531. FORM 990, PART IX STATEMENT OF FUNCTIONAL EXPENSES LINE 5A TO LINE 7A: THE ORGANIZATION OUTSOURCES THE MANAGEMENT OF HUMAN RESOURCES, EMPLOYEE BENEFITS, PAYROLL AND WORKERS' COMPENSATION TO JUSTWORKS EMPLOYMENT GROUP, A PEO SERVICE PROVIDER.