NonprofitsUbiz Venture Capital

Philanthropy, Voluntarism & Grantmaking Foundations

Ubiz Venture Capital

CLEVELAND, OH

Total revenue

$734K

Total expenses

$853K

Net assets

$806K

Grants received

$683K

5 grants

EIN

843657936

Tax year

2024

Mission

Vision: UBIZ aspires to be the preeminent organization to directly or collaboratively make business capital readily available to underserved small businesses that have potential for growth and job creation in the Greater Cleveland area.

Financials

FY 2024

Revenue

Contributions & grants$494K
Program service revenue$15K
Investment income
Other revenue$225K
Total revenue$734K

Expenses

Grants paid
Salaries & benefits$368K
Fundraising
Other expenses$485K
Total expenses$853K
Total assets$4.6M
Net assets$806K

People

6 listed

NameRoleCompensation

LONNIE COLEMAN

CHAIRMAN

Board

0

MARSHA MOCABEE

DIRECTOR

Board

0

LYNETTE CRENSHAW

SECRETARY

Board

0

BRIAN HALL

TREASURER

Board

0

DAVID MERKEL

DIRECTOR

Board

0

MICHAEL OBI

PRESIDENT

Board

30 hrs/wk

Grants received

Showing 5 of 5

FromAmountPurposeYear
$10K
PROGRAM SUPPORT
2024
$75K
General operating support
2023
$8K
OPERATIONAL SUPPORT
2023
$500K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2022

Funded by

$683K from 5 funders · 5 grants · 2022–2024

Jpmorgan Chase Foundation

$500K · 1 grant · 2022

The Westfield Insurance Foundation

$75K · 1 grant · 2023

Community Foundation Of Western

$10K · 1 grant · 2024

Ohio Capital Impact Corporation

$8K · 1 grant · 2023

Details

EIN843657936
NTEE codeT12
Subsection03
Ruling date2021-09
Formed2019
Employees6
UBIZ VENTURE CAPITAL — Mission, Financials & Grants Received | Grantivo