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Urban Renewal Initiative Foundation
Urban Renewal Initiative Foundation reported $18.5 million in revenue and $637,359 in expenses for calendar year 2024. Of every $100 it spent, $0.00 went to program services, $96.89 to management and general costs and $3.11 to fundraising. Its largest source of revenue was contributions and grants: 99.3% of the total. The highest compensation it reported for one person was $240,000 (EXECUTIVE DIRECTOR). 1 person received more than $100,000 in reportable compensation. Revenue rose 5922% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $637KFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $18MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 0.0% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 96.9% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.1% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 99.3% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $240,000 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 37.66% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 1 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 840.6 | 56.6 |
| Independent voting board members Part VI 1a–1b | 6 of 6 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseArt center development costs: during 2024, funds continue to be raised and expenses have been incurred related to the development of property into a performing arts center
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Officer, 40.00 hrs/week | $240,000 | $0 | $0 | $240,000 |
1 people received more than $100,000 in reportable compensation from Urban Renewal Initiative Foundation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b6 · 6 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 67
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| JR TURNBALL COMMUNICATIONS LLC Management consulting | $240,000 |
| RAYMOND CEKAUSKAS ARCHITECTURE LLC Architecture | $121,188 |
| TAFT STETTINIUS & HOLLISTER LLP Legal services | $105,669 |
Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Private foundation grants it received
3 private foundations reported grants to Urban Renewal Initiative Foundation totaling $850K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Urban Renewal Initiative Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Urban Renewal Initiative Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Urban Renewal Initiative Foundation spent in 2024, $0.00 went to programs. The full breakdown, from its IRS Form 990:
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- Whatcom Community FoundationBellingham, WA · revenue $18M · programs 90.1% · FY2025
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- The Community Foundation for Northern VirginiaMcLean, VA · revenue $19M · programs 89.5% · FY2025
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Questions people ask
How much of Urban Renewal Initiative Foundation's spending goes to programs?
In calendar year 2024, Urban Renewal Initiative Foundation reported that 0.0% of its $637,359 in expenses went to program services, 96.9% to management and general and 3.1% to fundraising (Form 990, Part IX).
How much does Urban Renewal Initiative Foundation pay its top executive?
The largest total compensation Urban Renewal Initiative Foundation reported for one person in calendar year 2024 was $240,000, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Urban Renewal Initiative Foundation get its money?
Of $18.5 million in revenue in calendar year 2024, 99.3% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Urban Renewal Initiative Foundation a registered charity?
The IRS lists EIN 45-4842669 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533219349315358 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423209349310747 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333179349303443 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203149349301600 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123149349306437 · read the filing
- 2019: Form 990 for calendar year 2019, object 202012599349301031 · read the filing
All filings for EIN 45-4842669: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.