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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building The Urban Empowerment Fund

The Urban Empowerment Fund

Fiscal year ending 2024. Filed on December 4, 2025.

117 W 125th Street 3rd Floor
New York, New York 10027

The Urban Empowerment Fund (EIN: 90-0853595) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, The Urban Empowerment Fund, a 501(c)(3) charitable organization, reported compensation for 2 employees. Among the employees shown here, the average compensation is $775,874. The highest compensated employee at The Urban Empowerment Fund is Marc H Morial with fiscal year 2024 compensation of $1,340,638.

Revenue, expenses, and employee compensation

Revenue

$2,464,409

Expenses

$710,078

Employee compensation

$296,509
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Marc H Morial
Board Chair
$1,340,638
$0 $1,265,742 $74,896
Oseremi Adekoye
Vice President, Lending
$211,109
$185,321 No related comp$25,788

Benchmark Employee Compensation

Non-Employee Board Members

Jeffrey Buller
Secretary and Board Member
Khary P Barnes
Treasurer and Board Member

Contractors

Donald Bowen
Consulting
$186,000

Mission Statement

THE URBAN EMPOWERMENT FUND'S MISSION IS TO HELP MINORITY BUSINESS ENTERPRISES (MBES) GAIN ACCESS TO CAPITAL, SURVIVE, PROSPER, GROW, CREATE JOBS AND GENERATE INDIVIDUAL AND COMMUNITY WEALTH.

Revisions to this organization profile

December 4, 2025:
Amended (originally filed October 22, 2025)2024 The Urban Empowerment Fund 990 filed
October 8, 2024:
2023 The Urban Empowerment Fund 990 filed
September 26, 2023:
2022 The Urban Empowerment Fund 990 filed

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