CharityWatch's rating of the National Urban League (National Office) also includes the financial activities of the Urban Empowerment Fund (UEF) and the other entities consolidated in the League's audited financial statements for the year ended December 31, 2023. All material intercompany transactions have been eliminated during the audit consolidation. According to the National Urban League consolidated audit of December 31, 2023 (Note 21, Related-Party Transactions): "Affiliates of the League are separately incorporated, non-profit organizations. Franchise fees are paid annually based on the budget size of the affiliates for an amount not to exceed $5,000. In 2023 and 2022, NUL recognized franchise fees of $208,500 and $207,500, respectively. Subcontract payments are made by the League to affiliates for their services in carrying out specific projects. In 2023 and 2022, subcontract payments to affiliates totaled $31,851,822 and $36,213,469, respectively..." |
According to the National Urban League consolidated audit of December 31, 2023 (Note 12, Contributions of Nonfinancial Assets), the League received contributions of nonfinancial assets in 2023 on which it placed a value of $4,094,508. Of this amount, $2,144,169 consisted of donated "television airtime." [Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.] |
According to the National Urban League (the League or NUL) consolidated audit of December 31, 2023 (Note 7, Development Project): "In 2020, the League...entered into a development agreement with 125 W. 125 Developer LLC to develop a New York State-owned parking garage in Harlem into a 414,000 square-foot, state-of-the-art mixed-use project totaling $242 million. The development is comprised of the headquarters and conference center for the League, a Museum of Urban Civil Rights (the first Civil Rights museum in New York State), office space, retail, community facility space, and affordable housing. The League's headquarters, conference center and museum will be directly owned and operated by NUL or affiliates of NUL. As part of the closing transaction, the League entered into a bridge loan agreement (the Agreement) with Goldman Sachs to borrow, if needed, up to $29,799,979 to finance a portion of actual costs of the project. These funds will be used to support construction and development costs for the project...Cash deposits held in escrow pursuant to the agreement totaled $23,634,385 and $25,017,935, as of December 31, 2023 and 2022, respectively... The League entered into a ground lease with New York State Urban Development Corporation d/b/a Empire State Development (ESD), to lease the land upon which the mixed-use space will be developed. Construction began in 2020, and the League expects to occupy the new headquarters by 2025..." |
According to the National Urban League (NUL) tax filing for the fiscal year ended December 31, 2023, NUL reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III): Regarding "first-class or charter travel" and "travel for companions" for officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 1a): "The spouse of the CEO has traveled first-class for any of the League's out of town events. The first class travel for the CEO's spouse was not included as taxable."
NUL reports providing "bonus & incentive compensation" during 2023 to two individuals. Marc H. Morial, President & CEO, received $400,000 with total reported compensation of $1,284,284, and Sidney H. Evans, SVP/CFO, received $50,000 with total reported compensation of $376,445. |