CITIZENS UNITED FOR ECONOMIC EQUITY INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: CITIZENS UNITED FOR ECONOMIC EQUITY INC (EIN 20-4404276)
Tax period: 2021-01-01 to 2021-12-31
Filed: 2022-11-09
IRS object ID: 202223139349301137
Schema version: 2021v4.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-11-09T09:49:58-05:00	ReturnTs
Tax Period End	2021-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	264006936	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	SEAN BRUNO CPAS	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	6100 ELYSIAN FIELDS AVE STE 200	AddressLine1Txt
City	NEW ORLEANS	CityNm
State Abbreviation	LA	StateAbbreviationCd
ZIP	701224210	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2021-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	204404276	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CITIZENS UNITED FOR ECONOMIC	BusinessNameLine1Txt
Business Name Line2	EQUITY INC	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	CITI	BusinessNameControlTxt
Phone	5043011187	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	501 N NORMAN C FRANCIS PKWY 792286	AddressLine1Txt
City	NEW ORLEANS	CityNm
State Abbreviation	LA	StateAbbreviationCd
ZIP	70179	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	SEAN BRUNO	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	5043784878	PhoneNum
Signature	2022-11-08	SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	SEAN	PersonFirstNm
Person Last	BRUNO	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	SHELDON M BRUNO	PreparerPersonNm
PTIN	P01221273	PTIN
Phone	5042413411	PhoneNum
Preparation	2022-11-08	PreparationDt

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Address Change	Yes (X)	AddressChangeInd
Principal Officer	SEAN BRUNO	PrincipalOfficerNm
Gross Receipts	$128,027	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	N/A	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2007	FormationYr
Legal Domicile State	LA	LegalDomicileStateCd
Activity Or Mission	TO SUPPORT ECONOMIC PARITY IN THE REBUILDING OF THE GREAT CITY OF NEW ORLEANS.	ActivityOrMissionDesc
Voting Members Governing Body	3	VotingMembersGoverningBodyCnt
Voting Members Independent	3	VotingMembersIndependentCnt
Total Employee	1	TotalEmployeeCnt
Total Gross UBI	$0	TotalGrossUBIAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$15,437	PYProgramServiceRevenueAmt
CY Program Service Revenue	$13,975	CYProgramServiceRevenueAmt
PY Investment Income	$43	PYInvestmentIncomeAmt
CY Investment Income	$84	CYInvestmentIncomeAmt
CY Other Revenue	$113,968	CYOtherRevenueAmt
PY Total Revenue	$15,480	PYTotalRevenueAmt
CY Total Revenue	$128,027	CYTotalRevenueAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$76,928	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$60,790	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$70,292	PYOtherExpensesAmt
CY Other Expenses	$25,878	CYOtherExpensesAmt
PY Total Expenses	$147,220	PYTotalExpensesAmt
CY Total Expenses	$86,668	CYTotalExpensesAmt
PY Revenues Less Expenses	-$131,740	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$41,359	CYRevenuesLessExpensesAmt
Total Assets BOY	$3,491,539	TotalAssetsBOYAmt
Total Assets EOY	$3,846,779	TotalAssetsEOYAmt
Total Liabilities BOY	$89,023	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$3,406	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$3,402,516	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$3,843,373	NetAssetsOrFundBalancesEOYAmt
Mission	TO SUPPORT ECONOMIC PARITY IN THE REBUILDING OF THE GREAT CITY OF NEW ORLEANS.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$61,101	ExpenseAmt
Revenue	$13,975	RevenueAmt
Desc	CUEE EXISTS TO MEET THE FINANCING NEEDS OF SMALL BUSINESSES LOCATED IN OR SERVING LOW-INCOME GEOGRAPHIES IN NEW ORLEANS AND THAT ARE THEMSELVES MANAGED BY TRADITIONALLY UNDERSERVED POPULATIONS TO INCLUDE AFRICAN-AMERICAN-OWNED BUSINESSES AND OTHER MINORITIES.	Desc
Total Program Service Expenses	$61,101	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	false	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	false	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	false	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	false	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	false	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	0	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	1	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	3	GoverningBodyVotingMembersCnt
Independent Voting Member	3	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	false	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	false	RegularMonitoringEnfrcInd
Whistleblower Policy	false	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	MICHELLE STANTON	PersonNm
Phone	5043011187	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4528 FRERET STREET	AddressLine1Txt
City	NEW ORLEANS	CityNm
State Abbreviation	LA	StateAbbreviationCd
ZIP	70115	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd
DAVID BILLINGS
DIRECTOR	2.00	Yes (X)	$0	$0	$0
SEAN BRUNO
PRESIDENT	2.00	Yes (X)	$0	$0	$0	Yes (X)
N SUNDIATA HALEY
DIRECTOR	2.00	Yes (X)	$0	$0	$0

Field	Value	IRS element (for citing)
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	false	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	LOAN INTEREST	Desc
Total Revenue Column	$13,975	TotalRevenueColumnAmt
Related Or Exempt Func Income	$13,975	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$13,975	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$84	TotalRevenueColumnAmt
Exclusion	$84	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	OTHER	Desc
Total Revenue Column	$113,968	TotalRevenueColumnAmt
Related Or Exempt Func Income	$113,968	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$113,968	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$128,027	TotalRevenueColumnAmt
Related Or Exempt Func Income	$127,943	RelatedOrExemptFuncIncomeAmt
Exclusion	$84	ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$56,449	TotalAmt
Program Services	$56,449	ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$4,341	TotalAmt
Program Services	$4,341	ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$4,458	TotalAmt
Management And General	$4,458	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$8,740	TotalAmt
Management And General	$8,740	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,336	TotalAmt
Program Services	$204	ProgramServicesAmt
Management And General	$3,132	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$4,468	TotalAmt
Management And General	$4,468	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$3,476	TotalAmt
Management And General	$3,476	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Management And GeneralManagementAndGeneralAmt	Program ServicesProgramServicesAmt
BANK CHARGES	$1,098	$1,098
DUES	$180	$180
PROFESSIONAL SERVICES	$107		$107
LICENSES & PERMIT	$15	$15

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$86,668	TotalAmt
Program Services	$61,101	ProgramServicesAmt
Management And General	$25,567	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$407,991	BOYAmt
EOY	$363,733	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$3,082,698	BOYAmt
EOY	$3,482,196	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$850	BOYAmt
EOY	$850	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,491,539	BOYAmt
EOY	$3,846,779	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$89,023	BOYAmt
EOY	$3,406	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$89,023	BOYAmt
EOY	$3,406	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,402,516	BOYAmt
EOY	$3,843,373	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$3,402,516	BOYAmt
EOY	$3,843,373	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$3,491,539	BOYAmt
EOY	$3,846,779	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$41,359	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$399,498	NetUnrlzdGainsLossesInvstAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	false	FSAuditedInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus3 Years	$1,534	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$5,120	CurrentTaxYearMinus2YearsAmt
Total	$6,654	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus3 Years	$1,534	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$5,120	CurrentTaxYearMinus2YearsAmt
Total	$6,654	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total170	$6,654	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,159	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$47	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$44	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$44	CurrentTaxYearMinus1YearAmt
Current Tax Year	$84	CurrentTaxYearAmt
Total	$2,378	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$9,032	TotalSupportAmt
Gross Receipts Rltd Activities	$265,674	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.73670	PublicSupportCY170Pct
Public Support PY170	0.10480	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 11B	THE 990 IS GIVEN TO MANAGEMENT FOR REVIEW AND PROVIDED TO THE BOARD FOR APPROVAL.
FORM 990, PAGE 6, PART VI, LINE 15A	REVIEW BY COMPENSATION COMMITTEE.
FORM 990, PAGE 6, PART VI, LINE 15B	REVIEW BY COMPENSATION COMMITTEE.
FORM 990, PAGE 6, PART VI, LINE 19	AVAILABLE UPON REQUEST.