Overview
What is Ubiz Venture Capital?
Ubiz Venture Capital is a nonprofit organization based in Cleveland, Ohio, specifically at 2930 Prospect Ave, with a mission to enhance access to credit for high-potential small businesses owned by African Americans and other minorities in the Greater Cleveland area and Northeast Ohio. Their vision is to become a leading entity in providing business capital to these enterprises, which demonstrate growth potential and job creation prospects. With a workforce of three individuals, Ubiz Venture Capital aims to contribute positively to the economic development of the community it serves.
Is Ubiz Venture Capital legitimate?
Ubiz Venture Capital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ubiz Venture Capital submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $173,341
For more financial information, click here
What is the mission statement of Ubiz Venture Capital?
Ubiz Venture Capital aims to establish itself as a leading organization, providing business capital to serious small enterprises led by African Americans and other minorities with high growth potential, contributing to job creation. Their primary mission is to enhance access to credit for these high-potential businesses, not just in the Greater Cleveland area but also in other parts of Northeast Ohio.
Who is the CEO of Ubiz Venture Capital?
Michael Obi is the President of Ubiz Venture Capital.
What is the revenue of Ubiz Venture Capital?
Ubiz Venture Capital's revenue in 2022 was $994,954.
Who are the executives of Ubiz Venture Capital and what are their salaries?
The average compensation at Ubiz Venture Capital during 2022 was $57,780. There are 3 employees and 5 volunteers at Ubiz Venture Capital.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Ubiz Venture Capital?
Ubiz Venture Capital's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ubiz Venture Capital
Ubiz Venture Capital, in its mission, aspires to be a leading organization in making business capital readily available for growth and job creation. This mission is focused on supporting serious small businesses that are led by African Americans and other minorities, located primarily in the Greater Cleveland area and other parts of Northeast Ohio. The organization's goal is to make credit more accessible to these high-potential enterprises, thereby fostering their growth and contributing to the creation of new job opportunities. Ubiz Venture Capital aims to establish itself as a preeminent organization in this endeavor, directly or collaboratively contributing to the financial well-being of these minority-led businesses.
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Impact
July, 2024
Ubiz Venture Capital's impact can be seen in its efforts to make business capital more accessible to serious African American and other minority-led small businesses in the Greater Cleveland area and other parts of Northeast Ohio. By providing access to credit for high-potential businesses, Ubiz Venture Capital contributes to the growth and job creation within these communities. Their mission to support minority entrepreneurs and facilitate economic empowerment is a significant step towards bridging the gap in access to resources for underrepresented business owners. The organization's focus on fostering entrepreneurship and economic development showcases its commitment to driving positive change and opportunity in the region.
This information is meant to be a general summary of Ubiz Venture Capital. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $24,051
- Gross Receipts: $994,954
Assets and Liabilities:
- Total Assets: $3,419,987
- Total Liabilities: $2,641,465
- Net Assets: $778,522
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN FEE
Revenue
$24,051
Organization Details
Founding Year
2019
Principal Officer
Michael Obi
Main Address
2930 PROSPECT AVE, Cleveland, OH, 44115
NTEE Category
Code: T12 - Philanthropy
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