Overview
What is United Way Of Greater Nashua Inc?
United Way of Greater Nashua Inc, situated at 20 Broad Street, Nashua, New Hampshire, serves as a significant community partner by acting as a fiscal agent sponsor for various local organizations. These organizations, such as Upbeat NH, the Nashua Prevention Coalition, and Meals Matter, among others, benefit from United Way's support, thereby alleviating the burden of forming their own 501C3 organizations, filing tax returns, managing payroll, and obtaining insurance. By providing this service, United Way enables these groups to focus more on their mission-centric work within the community, reducing overhead and administrative expenses. The mission of United Way of Greater Nashua is to instigate measurable improvements in people's lives by harnessing the compassionate power of their communities.
Official website here: www.unitedwaynashua.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
United Way Of Greater Nashua Inc has achieved a perfect score of 100%, reflecting its exceptional performance in various operational and financial metrics. The organization excels in accountability and finance, boasting a 100% score in these areas, which indicates strong oversight and responsible management of resources. Their commitment to transparency is further underscored by the presence of an entirely independent board, as well as robust policies for conflict of interest and whistleblowing.
The nonprofit also demonstrates a high level of engagement with its constituents, scoring a full 100 in feedback collection and usage. This suggests that United Way Of Greater Nashua Inc not only gathers input from the community it serves but also actively incorporates this feedback into its strategies and programs. The organization’s strong program expense ratio of 89.52% indicates that a significant portion of its funding is directed towards its mission, rather than administrative costs.
Despite its remarkable strengths, the organization’s working capital ratio of 0.55 years may indicate some challenges in liquidity, suggesting that it may need to ensure ongoing financial stability. However, overall, the ratings and feedback reflect an organization that is well-managed, responsive to community needs, and dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is United Way Of Greater Nashua Inc legitimate?
United Way Of Greater Nashua Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. United Way Of Greater Nashua Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $105,413
Professional Fundraising Fees: $0
Other Salaries and Wages: $185,505
For more financial information, click here
Official website here: www.unitedwaynashua.org
What is the mission statement of United Way Of Greater Nashua Inc?
United Way of Greater Nashua Inc's mission is centered around making measurable improvements in people's lives. They accomplish this by mobilizing the caring power of their communities. By functioning as a fiscal agent sponsor, United Way supports various community organizations, such as Upbeat NH, Nashua Prevention Coalition, One Greater Nashua Coalition, Grow Nashua, Michael J. O'Mara Fund, and Meals Matter. As a fiscal sponsor, United Way relieves these groups of the responsibility to form their own 501C3 organizations, file their own tax returns, manage payroll, and obtain insurance. This arrangement enables these community organizations to focus more on their mission-centric work in the community, reducing overhead and administrative expenses.
Official website here: www.unitedwaynashua.org
Who is the CEO of United Way Of Greater Nashua Inc?
Peter Chaloner is the Governance Chair of United Way Of Greater Nashua Inc.
Official website here: www.unitedwaynashua.org
What is the revenue of United Way Of Greater Nashua Inc?
United Way Of Greater Nashua Inc's revenue in 2022 was $2,501,353.
Official website here: www.unitedwaynashua.org
Who are the executives of United Way Of Greater Nashua Inc and what are their salaries?
The average compensation at United Way Of Greater Nashua Inc during 2022 was $13,224. There are 22 employees and 550 volunteers at United Way Of Greater Nashua Inc.
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- Compensation: $108,019
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Official website here: www.unitedwaynashua.org
Where can I find the form 990 for United Way Of Greater Nashua Inc?
United Way Of Greater Nashua Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.unitedwaynashua.org
Learn more at the official website: www.unitedwaynashua.org
Mission Statement of United Way Of Greater Nashua Inc
United Way of Greater Nashua Inc, a renowned community-focused organization, is dedicated to making significant improvements in people's lives. It achieves this mission by mobilizing the compassionate power of local communities. By acting as a fiscal agent sponsor, United Way of Greater Nashua Inc supports various community programs, such as Upbeat NH, Nashua Prevention Coalition, One Greater Nashua Coalition, Grow Nashua, Michael J. O'Mara Fund, and Meals Matter. As a fiscal sponsor, the organization relieves these groups of the burden of forming their own 501C3 organizations, filing 990s, managing payroll, and obtaining insurance. This arrangement enables these community groups to concentrate more on their mission-centric work, thereby reducing administrative expenses and increasing their capacity to contribute more to the community. By leveraging United Way of Greater Nashua Inc's skills and capacity, these community programs can perform their tasks more cost-effectively, ultimately benefiting a larger number of people in the community.
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Impact
July, 2024
United Way of Greater Nashua Inc's impact is significant and far-reaching. In 2022, the organization continued to expand its role in the community as a fiscal agent sponsor. By sponsoring organizations such as UpBeat NH, the Nashua Prevention Coalition, the One Greater Nashua Coalition, Grow Nashua, Michael J. O'Mara Fund, and Meals Matter, United Way unburdens these groups of administrative responsibilities, allowing them to focus on their missions without the need for overhead and administrative expenses. This enables these organizations to do more meaningful work in the community and make measurable improvements in people's lives. Through its fiscal agency work, United Way of Greater Nashua is effectively leveraging its skills and capacity to support community programs in a cost-effective manner, ultimately mobilizing the caring power of our communities towards positive change.
This information is meant to be a general summary of United Way Of Greater Nashua Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $9,425
- Program Service Revenue: $77,045
- Gross Receipts: $2,613,761
Assets and Liabilities:
- Total Assets: $1,945,140
- Total Liabilities: $496,387
- Net Assets: $1,448,753
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FISCAL AGENCIES PROGRA
Revenue
$77,009
COVID PROGRAM REVENUE
Revenue
$36
Organization Details
Founding Year
1954
Phone
(603) 882-4011Principal Officer
Peter Chaloner
Main Address
20 BROAD STREET, NASHUA, NH, 03064
Website
www.unitedwaynashua.orgNTEE Category
Code: T70Z - Philanthropy
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