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Usher Iii Initiative Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Diseases, Disorders, Medical Disciplines / Fund Raising and/or Fund Distribution (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.77M (2022)

Expenses
$924k (2022)

Total Assets
$2.08M (2022)

Total Liabilities
$118k (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,771,984
Expenses
$924,491
Net Income
$847,493
Net Assets
$1,962,177
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,771,009
99.9%
Program Services $0
Investment Income $975
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,080,401
Total Liabilities $118,224
Net Assets $1,962,177
Compensation
Key Employees and Officers Compensation Related Other
Cynthia Elden (President) $0 $0 $0
Mark Ackermann (Director) $0 $0 $0
Dr Julia Hayes (Director) $0 $0 $0
James C Murray (Director) $0 $0 $0
Dr David Saperstein (Director) $0 $0 $0
Michael Kraines (Director) $0 $0 $0
Dr Paul Sternberg Jr (Director) $0 $0 $0
Alicia Derrah (Treasurer, Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,469,529
Expenses
$1,950,640
Net Income
$518,889
Net Assets
$1,114,684
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,484,502
> 100%
Program Services $0
Investment Income $27
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$15,000
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,337,377
Total Liabilities $222,693
Net Assets $1,114,684
Compensation
Key Employees and Officers Compensation Related Other
Cynthia Elden (President) $0 $0 $0
Mark Ackermann (Director) $0 $0 $0
Dr Julia Hayes (Director) $0 $0 $0
James C Murray (Director) $0 $0 $0
Dr David Saperstein (Director) $0 $0 $0
Michael Kraines (Director) $0 $0 $0
Dr Paul Sternberg Jr (Director) $0 $0 $0
Alicia Derrah (Treasurer, Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$999,354
Expenses
$967,382
Net Income
$31,972
Net Assets
$595,795
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,000,969
> 100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,615
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $651,795
Total Liabilities $56,000
Net Assets $595,795
Compensation
Key Employees and Officers Compensation Related Other
Cynthia Elden (President) $0 $0 $0
Mark Ackermann (Director) $0 $0 $0
Dr Julia Hayes (Director) $0 $0 $0
James C Murray (Director) $0 $0 $0
Dr David Saperstein (Director) $0 $0 $0
Michael Kraines (Director) $0 $0 $0
Dr Paul Sternberg Jr (Director) $0 $0 $0
Alicia Derrah (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$788,460
Expenses
$838,519
Net Income
-$50,059
Net Assets
$563,823
Notable Sources of Revenue Percent of Total Revenue
Contributions $788,460
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $653,017
Total Liabilities $89,194
Net Assets $563,823
Compensation
Key Employees and Officers Compensation Related Other
Cynthia Elden (President) $0 $0 $0
Mark Ackermann (Director) $0 $0 $0
Dr Julia Hayes (Director) $0 $0 $0
James C Murray (Director) $0 $0 $0
Dr David Saperstein (Director) $0 $0 $0
Michael Kraines (Director) $0 $0 $0
Dr Paul Sternberg Jr (Director) $0 $0 $0
Alicia Derrah (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$770,845
Expenses
$567,152
Net Income
$203,693
Net Assets
$613,882
Notable Sources of Revenue Percent of Total Revenue
Contributions $770,845
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $675,782
Total Liabilities $61,900
Net Assets $613,882
Compensation
Key Employees and Officers Compensation Related Other
Cynthia Elden (President) $0 $0 $0
Mark Ackermann (Director) $0 $0 $0
Dr Samir Patel (Director) $0 $0 $0
Dr Paul Sternberg (Director) $0 $0 $0
Frank Meyer (Director) $0 $0 $0
Therese Stoch (Secretary/Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$331,406
Expenses
$701,513
Net Income
-$370,107
Net Assets
$410,189
Notable Sources of Revenue Percent of Total Revenue
Contributions $331,406
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $477,453
Total Liabilities $67,264
Net Assets $410,189
Compensation
Key Employees and Officers Compensation Related Other
Richard Elden (Chairman) $0 $0 $0
Mark Ackermann (Director) $0 $0 $0
Cynthia Elden (President) $0 $0 $0
Dr Samir Patel (Director) $0 $0 $0
Dr Paul Sternberg (Director) $0 $0 $0
Frank Meyer (Director) $0 $0 $0
Therese Stoch (Secretary/Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$314,844
Expenses
$146,801
Net Income
$168,043
Net Assets
$780,296
Notable Sources of Revenue Percent of Total Revenue
Contributions $314,844
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $799,803
Total Liabilities $19,507
Net Assets $780,296

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$375,155
Expenses
$250,665
Net Income
$124,490
Net Assets
$612,253
Notable Sources of Revenue Percent of Total Revenue
Contributions $375,155
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $630,430
Total Liabilities $18,177
Net Assets $612,253

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,224,000
Expenses
$990,380
Net Income
$233,620
Net Assets
$464,230
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,224,000
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $517,405
Total Liabilities $53,175
Net Assets $464,230

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,180,244
Expenses
$957,542
Net Income
$222,702
Net Assets
$230,610
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,180,244
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $262,799
Total Liabilities $32,189
Net Assets $230,610

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,053,023
Expenses
$2,367,556
Net Income
-$314,533
Net Assets
$7,908
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,053,023
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $241,027
Total Liabilities $233,119
Net Assets $7,908

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,237,135
Expenses
$2,365,975
Net Income
-$128,840
Net Assets
$322,441
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,237,135
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $522,387
Total Liabilities $199,946
Net Assets $322,441

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Types of Nonprofits

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