2023-05-15T13:32:41-05:00 2022-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2021-07-01 050448102 URBAN COLLABORATIVE URBA 4012720881 75 CARPENTER STREET PROVIDENCE RI 02903 LYNN PRENTISS EXECUTIVE DIRECTOR 4012720881 2023-05-15 1 LYNN PRENTISS XXX-XX-XXXX JOHN BUCKLEY CPA P00830631 5083669100 2023-05-15 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z LYNN PRENTISS 75 CARPENTER STREET PROVIDENCE RI 02903 3303347 0 X WWW.UCAP.ORG X 1989 RI URBAN COLLABORATIVE ("UCAP") SEEKS TO INTERVENE IN THE LIVES OF YOUNG ADOLESCENTS HAVING SERIOUS DIFFICULTY IN SCHOOL AND PLACED AT RISK OF DROPPING OUT, TO HELP EACH OF THEM OBTAIN THE ACADEMIC AND SOCIAL SKILLS NECESSARY FOR SUCCESS IN HIGH SCHOOL AND IN LIFE. THEY STRIVE TO CREATE A SUPPORTIVE COMMUNITY THAT WILL MOTIVATE STUDENTS WITH A COHERENT, RELEVANT, AND CHALLENGING ACADEMIC PROGRAM. UCAP STRESSES THE IMPORTANCE OF TAKING RESPONSIBILITY, WORKING HARD, ACHIEVING AT HIGH A LEVEL, SETTING GOALS, TAKING RISKS, AND HAVING FUN. 6 3 0 3 0 0 960100 966658 2080495 2191069 2747 620 208409 145000 3251751 3303347 0 0 0 0 2028062 2114694 0 0 0 587698 802248 2615760 2916942 635991 386405 2893906 1822779 2321756 2772136 572150 -949357 X UCAP SEEKS TO INTERVENE IN THE LIVES OF YOUNG ADOLESCENTS HAVING SERIOUS DIFFICULTY IN SCHOOL AND PLACED AT RISK OF DROPPING OUT, TO HELP EACH OF THEM OBTAIN THE ACADEMIC AND SOCIAL SKILLS NECESSARY FOR SUCCESS IN HIGH SCHOOL AND IN LIFE. THEY STRIVE TO CREATE A SUPPORTIVE COMMUNITY THAT WILL MOTIVATE STUDENTS WITH A COHERENT, RELEVANT, AND CHALLENGING ACADEMIC PROGRAM. UCAP STRESSES THE IMPORTANCE OF TAKING RESPONSIBILITY, WORKING HARD, ACHIEVING AT HIGH A LEVEL, SETTING GOALS, TAKING RISKS, AND HAVING FUN. 0 0 2916942 2336069 THE SCHOOL PROVIDES ACADEMIC WORK, COUNSELING AND ENRICHMENT OPPORTUNITIES FOR STUDENTS AND THEIR FAMILIES. THE SCHOOL SERVES THE CITIES OF PROVIDENCE, CRANSTON, CENTRAL FALLS, AND OTHER RHODE ISLAND PUBLIC SCHOOL SYSTEMS. 2916942 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 3 0 0 0 1 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X LYNN PRENTISS 4012720881 75 CARPENTER STREET PROVIDENCE RI 02903 MICHAEL MASCELLINO PRINCIPAL 40.00 X 105525 0 36622 NATHAN KAUFMAN FINANCE DIRECTOR 40.00 X 115542 0 17111 MICHAEL FINLEY EXECUTIVE DIRECTOR (UNTIL 6/30/21) 34.00 6.00 X X 98355 0 25424 LYNN PRENTISS EXECUTIVE DIRECTOR (AS OF 12/2021) 34.00 6.00 X X 0 0 0 VICTOR CAPELLAN PRESIDENT 1.00 X X 0 0 0 JEANNINE NOTA-MASSE VICE CHAIR 0.50 X X 0 0 0 CHRISTOPHER MAHER BOARD MEMBER 0.50 X 0 0 0 319422 0 79157 2 0 0 0 0 150000 816123 535 966658 TUITION PAYMENTS 611600 2191069 2191069 2191069 620 620 REIMBURSEMENT OF SERVI 611600 100000 100000 MANAGEMENT FEE INCOME 611600 45000 45000 145000 3303347 2336069 0 620 225703 225703 1621448 1621448 23515 23515 155787 155787 88241 88241 28827 28827 46140 46140 29873 29873 92938 92938 66723 66723 17439 17439 214330 214330 26415 26415 DIRECT STUDENT COSTS 185710 185710 NUTRITION PROGRAM 50938 50938 PROFESSIONAL DEVELOPMEN 27394 27394 MISCELLANEOUS 15521 15521 2916942 2916942 0 0 2047 2188218 629864 189223 247250 13383 11875 366009 343703 22306 22306 480776 909437 2893906 1822779 243242 328192 2078514 2443944 2321756 2772136 X 0 0 0 0 572150 -949357 572150 -949357 2893906 1822779 X 386405 146834 -2054746 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 100000 100000 100000 100000 1.00000 1 0 366009 343703 22306 22306 DEFERRED OUTFLOWS ASSOCIATED WITH PENSION ASSET 480776 RIGHT-TO-USE LEASE ASSETS 428661 909437 NET PENSION LIABILITY 1673140 DEFERRED INFLOWS ASSOCIATED WITH PENSION LIABILITY 320234 RELATED PARTY PAYABLE 15140 LEASE LIABILITY 435430 2443944 1248601 -2054746 -2054746 3303347 0 3303347 2916942 0 2916942 0 2916942 PART V, LINE 4: THE ORGANIZATION HAS IRREVOCABLY TRANSFERRED AMOUNTS RAISED FOR THE CREATION OF AN ENDOWMENT FUND (THE FUND) TO THE RHODE ISLAND FOUNDATION (AN UNRELATED COMMUNITY FOUNDATION, THE FOUNDATION). IN ACCORDANCE WITH THE TERMS OF THE INSTRUMENT OF TRANSFER (THE INSTRUMENT), ANNUAL DISTRIBUTIONS FROM THE FUND WILL BE IN ACCORDANCE WITH THE DISTRIBUTION POLICIES OF THE FOUNDATION. THE TERMS OF THE INSTRUMENT GIVE THE FOUNDATION'S BOARD OF DIRECTORS VARIANCE POWER OVER THE FUND. THE USE OF THE FUNDS DISTRIBUTED SHALL BE IN ACCORDANCE WITH THE CHARITABLE PURPOSE OF THE FUND WHICH IS FOR THE SUPPORT OF UCAP SCHOOL. PART XI, LINE 2D - OTHER ADJUSTMENTS: MISAPPROPRIATED ASSETS -2,054,746. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 UCAP'S POLICY IS TO PUBLISH IMPRINTED MATERIALS DISTRIBUTED TO THE PUBLIC. UCAP CURRENTLY ONLY ACCEPTS STUDENTS REFERRED BY PARTICIPATING SCHOOL DISTRICTS. TUITION FOR THE STUDENTS IS PAID BY RI DEPARTMENT OF EDUCATION AND THE STUDENT'S RESPECTIVE SCHOOL DISTRICT. SCHEDULE E, PART I, LINE 6 UCAP RECEIVES FUNDING FROM THE RHODE ISLAND DEPARTMENT OF EDUCATION. FORM 990, PART VI, SECTION A, LINE 5 DURING THE YEAR ENDED JUNE 30, 2022, THE COLLABORATIVE BECAME AWARE THAT AN EMPLOYEE WAS MISAPPROPRIATING FUNDS OF THE COLLABORATIVE, REALTY AND THE FUND. THE EMPLOYEE WAS TERMINATED, AND AN INVESTIGATION COMMENCED. THE COLLABORATIVE IDENTIFIED $2,054,746 OF ALLEGED MISAPPROPRIATED FUNDS. ALTHOUGH THE COLLABORATIVE IS INSURED UP TO CERTAIN LIMITS AND IS PURSUING LEGAL ACTION AGAINST THE FORMER EMPLOYEE, NO AMOUNTS HAVE BEEN RECORDED AS A RECEIVABLE AS THE RECOVERABLE ABOUT IS NOT KNOWN. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S CERTIFIED PUBLIC ACCOUNTANTS. A DRAFT OF THE FORM 990 IS SUBMITTED TO THE PRESIDENT AND COMMITTEE FOR REVIEW. UPON ACCEPTANCE, THE FORM 990 IS SUBMITTED TO THE APPROPRIATE INDIVIDUAL FOR SIGNATURE AND FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE BOARD IS FAMILIAR WITH THE VENDORS AND IS ASKED TO DISCLOSE ANY CONFLICT OF INTERESTS WITH VENDORS AND ANY OTHER TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15A EMPLOYEE PERFORMANCE IS REVIEWED BY THE EXECUTIVE DIRECTOR AND A COMPENSATION SCHEDULE IS BROUGHT TO THE BOARD OF DIRECTORS FOR REVIEW. THE EXECUTIVE DIRECTOR'S CONTRACT IS A MULTI-YEAR CONTRACT BASED ON PERFORMANCE AND COMPARABLE POSITIONS FROM OTHER SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 UCAP MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT ITS OFFICE. FORM 990, PART XI, LINE 9: MISAPPROPRIATED ASSETS -2,054,746. FORM 990, PART XII, LINE 2C: NO CHANGES FROM THE PRIOR YEAR. FUND FOR UCAP 75 CARPENTER STREET PROVIDENCE RI 029032606 260656828 FUND DEVELOPMENT FOR UCAP RI 501(C)(3) LINE 7 0 FUND FOR UCAP REALTY COMPANY 75 CARPENTER STREET PROVIDENCE RI 029032606 455298826 REAL PROPERTY TITLE HOLDER FOR UCAP RI 501(C)(3) LINE 12A, I 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0