2024-11-13T10:27:10-06:00 2023-12-31 390758449 WIPFLI LLP 2501 W BELTLINE HWY STE 501 MADISON WI 53713 990 2023-01-01 874082659 ULGM REAL ESTATE HOLDINGS INC ULGM 6087291200 2222 S PARK STREET 200 MADISON WI 53713 RUBEN L ANTHONY JR PRESIDENT 6087291200 2024-11-12 1 1 QUINN DUGAN P02267768 6082741980 2024-11-12 2023 2024-10-15 13:58:12Z RUBEN L ANTHONY JR 2222 S PARK STREET 200 MADISON WI 53713 5182785 0 X N/A X 2021 WI TO HOLD TITLE TO PROPERTY (BLACK BUSINESS HUB), COLLECT INCOME THEREFROM, AND TURN THE ENTIRE AMOUNT, LESS EXPENSES, TO THE URBAN LEAGUE OF GREATER MADISON, INC 5 4 0 4 0 0 2370080 5032785 0 150000 0 0 0 0 2370080 5182785 0 0 0 0 0 0 0 0 0 6045 18162 6045 18162 2364035 5164623 27286006 31488425 24921971 23959767 2364035 7528658 X TO HOLD TITLE TO PROPERTY (BLACK BUSINESS HUB), COLLECT INCOME THEREFROM, AND TURN THE ENTIRE AMOUNT, LESS EXPENSES, TO THE URBAN LEAGUE OF GREATER MADISON, INC 0 0 0 0 150000 THE URBAN LEAGUE BLACK BUSINESS HUB & BLACK BUSINESS HUB ACCELERATOR PROGRAM PROVIDES BOTH SPACE AND AN ECOSYSTEM OF PROGRAMMING AIMED AT INCUBATING, ACCELERATING, AND NETWORKING SMALL BUSINESSES OWNED/FOUNDED BY PEOPLE OF COLOR AND OTHER UNDERSERVED INDIVIDUALS. THE HUB IS AN APPROXIMATELY 80,000 SQUARE FOOT BUILDING LOCATED IN AN ECONOMICALLY DISTRESSED AREA IN THE HEART OF MADISON'S OLDEST MULTICULTURAL NEIGHBORHOOD. CONSTRUCTION ON THE BUILDING BEGAN IN APRIL OF 2022. THE BASE BUILDING WAS SUBSTANTIALLY COMPLETED IN JULY OF 2023 AND LEASING OF TENANT SPACES BEGINNING THAT FALL AND EXPECTED TO CONTINUE OVER THE NEXT 2 TO 3 YEARS. THE BUILDING INCLUDES SPACES FOR MARKET-RENT PAYING TENANTS THAT ARE ALIGNED TO THE BUILDING'S NONPROFIT MISSION OF SUPPORTING UNDERSERVED SMALL BUSINESSES, DISCOUNTED RETAIL AND OFFICE SUITES FOR UNDER-SERVED SMALL BUSINESSES, MEETING AND TRAINING SPACES FOR SMALL BUSINESS DEVELOPMENT CLASSES, COWORKING SPACES FOR STARTUPS AND OTHER EMERGING ENTREPRENEURS, A RENTABLE COMMERCIAL KITCHEN FOR EMERGING FOOD BUSINESSES, AND MORE. MISSION ALIGNED TENANTS THAT COMPLETED THEIR BUILDOUTS AND OCCUPIED BY THE END OF 2023 INCLUDED WISCONSIN ECONOMIC DEVELOPMENT CORPORATION, WISCONSIN WOMEN'S BUSINESS INITIATIVE CORPORATION (WWBIC), SUMMIT CREDIT UNION, AND EXACT SCIENCES. THE URBAN LEAGUE ALSO CONTINUED BUILDING OUT AN ARRAY OF SMALL BUSINESS DEVELOPMENT PROGRAMS AND PARTNERSHIPS THAT WILL HELP THESE UNDER-SERVED ENTREPRENEURS LAUNCH, GROW, AND SUSTAIN THEIR BUSINESSES. URBAN LEAGUE CONTRACTED WITH GENER8TOR TO OPERATE GALPHA AND GBETA ACCELERATOR CLASSES THAT RANGED FROM 5 TO 7 WEEKS WITH NEARLY 30 DIFFERENT CURRENT SMALL BUSINESS OWNERS AND ASPIRING ENTREPRENEURS PARTICIPATING. URBAN LEAGUE COLLABORATED WITH THE TOGETHER WE BUILD FUND TO PROVIDE COACHING AND OTHER TECHNICAL SUPPORT TO 5 COMPANIES THAT EACH RECEIVED $50,000 GRANTS IN 2022 TO HELP GROW THEIR BUSINESSES. URBAN LEAGUE IDENTIFIED 3 EMERGING BUSINESSES THAT ARE SEEKING TO ESTABLISH A STOREFRONT AT THE HUB. WE WORKED WITH THESE COMPANIES TO DESIGN A CUSTOMIZED SPACE IN THE HUB FOR THEIR BUSINESS AND PROVIDE THEM TRAINING, COACHING, AND RESOURCE CONNECTIONS TO LAUNCH AND GROW THEIR BUSINESSES. URBAN LEAGUE ALSO WORKED TO DEVELOP A MORE EXTENSIVE MENU OF PROGRAMMING AND IDENTIFY MORE BUSINESSES INTERESTED IN SPACE AT THE HUB TO PREPARE FOR 2024 WHEN A MORE SIGNIFICANT PORTION OF THE BUILDING WILL BE OPEN FOR OPERATION. 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X JIM HORN 6087291200 2222 S PARK STREET 200 MADISON WI 53713 RUBEN L ANTHONY JR PRESIDENT 1.00 42.00 X X 0 236455 10799 GLORIA LADSON-BILLINGS VICE PRESIDENT 1.00 2.00 X X 0 0 0 BETH CURLEY-PRESTINE SECRETARY 1.00 2.00 X X 0 0 0 SALLY MARTYNIAK TREASURER 1.00 X X 0 0 0 DWIGHT MCDONALD DIRECTOR 1.00 X 0 0 0 0 236455 10799 0 0 1 0 0 150000 4485513 397272 5032785 RENTAL INCOME 531120 150000 150000 150000 5182785 150000 0 0 18162 18162 18162 0 18162 0 16017753 6094417 25394008 0 11268253 25394008 27286006 31488425 3115221 6068892 5000000 1065963 16806750 16824912 24921971 23959767 X 4635513 2364035 2893145 2364035 7528658 27286006 31488425 5164623 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 550000 550000 24844008 24844008 25394008 X PART X, LINE 2: THE LEAGUE IS REQUIRED TO ASSESS WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION ON THE TECHNICAL MERITS OF THE POSITION ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE LIKELY THAN NOT RECOGNITION THRESHOLD, THE BENEFIT OF THAT POSITION IS NOT RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE LEAGUE HAS DETERMINED THERE ARE NO AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. 0 0 0 RUBEN L ANTHONY JR PRESIDENT 0 184756 0 40000 0 11699 0 6743 0 4056 0 247254 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE PREPARED FORM 990 IS REVIEWED BY MEMBERS OF THE FINANCE COMMITTEE AND THE EXECUTIVE COMMITTEE AND PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANY PERSON IN A POSITION OF TRUST MUST MAKE WRITTEN NOTICE OF ALL POSSIBLE CONFLICTS OF INTEREST. ONCE A POSSIBLE CONFLICT HAS BEEN DISCLOSED, THE GOVERNING BODY MAKES THE DETERMINATION OF WHETHER A CONFLICT EXISTS. IF THE GOVERNING BODY DETERMINES THAT A CONFLICT EXISTS, IT REVIEWS THE TRANSACTION AND VOTES TO AUTHORIZE OR REJECT THE TRANSACTION OR TAKE ANY OTHER ACTION DEEMED NECESSARY TO PROTECT THE ORGANIZATION'S BEST INTERESTS. IF A POSSIBLE CONFLICT ARISES AT ANY TIME DURING THE SERVICE OF A PERSON IN A POSITION OF TRUST, THAT PERSON MUST SUBMIT AN UPDATED WRITTEN STATEMENT DISCLOSING THE POSSIBLE CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES MADE FROM PRIOR YEAR. URBAN LEAGUE OF GREATER MADISON INC 2222 S PARK STREET NO 200 MADISON WI 53713 391098146 IMPROVE SOCIAL & ECONOMIC CONDITIONS OF RACIAL MINORITIES IN OUR COMMUNITY WI 501(C)(3) LINE 7 N/A 0 UMOJA MAGAZINE - MADISON INC 2222 S PARK STREET NO 200 MADISON WI 53713 832494880 COMMUNICATE POSITIVE NEWS HAPPENING IN THE AFRICAN AMERICAN COMMUNITY WI 501(C)(3) LINE 7 URBAN LEAGUE OF GREATER MADISON INC 0 ULGM COMMUNITY & ECONOMIC DEVELOPMENT CORP 2222 S PARK STREET NO 200 MADISON WI 53713 852675623 PROMOTE PROGRAMS AND MISSION OF URBAN LEAGE OF GREATER MADISON, INC. WI 501(C)(3) LINE 12B, II URBAN LEAGUE OF GREATER MADISON INC 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 URBAN LEAGURE OF GREATER MADISON INC C 150000 FMV