Overview
What is United Way Of Massachusetts Bay Inc?
United Way of Massachusetts Bay Inc is a Boston-based nonprofit organization dedicated to enhancing the lives of families and children by focusing on two key areas: Financial Opportunity and Educational Success. Through various initiatives, they aim to ensure families have access to safe housing, healthy food, quality childcare, and jobs, while also providing them with financial tools and coaching. In the realm of education, United Way helps young children enter school prepared to learn by expanding access to high-quality early education and care programs, and supporting parents with resources and developmental screening tools. They also work to prepare youth for success by offering programs that focus on social and emotional skills, and providing opportunities for disconnected youth to advance their education and career paths. In FY22, they impacted over 57,000 young people, ensuring they could thrive in their communities.
Official website here: www.unitedwaymassbay.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99%
United Way of Massachusetts Bay Inc holds a commendable Four-Star out of Four Star rating on Charity Navigator, reflecting its strong performance in accountability and finance. The organization achieves a perfect score in financial metrics, demonstrating effective management of its resources. Notably, it has an independent board with a high percentage of members, which enhances its governance and oversight capabilities.
While the financial ratings are strong, user feedback presents a contrasting perspective. Some donors express concerns regarding the organization's spending practices, suggesting a significant portion of funds is allocated to fundraising events rather than directly benefiting the community. Critics describe the organization as a middleman, implying that their operations do not contribute effectively to charitable outcomes.
Despite the high ratings for accountability and community engagement, the negative reviews underscore a perception of inefficiency and a lack of direct impact. This dichotomy between the organizational metrics and user experiences suggests potential areas for improvement in community interaction and transparency regarding financial expenditures.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is United Way Of Massachusetts Bay Inc legitimate?
United Way Of Massachusetts Bay Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. United Way Of Massachusetts Bay 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: $1,130,089
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,695,634
For more financial information, click here
Official website here: www.unitedwaymassbay.org
What is the mission statement of United Way Of Massachusetts Bay Inc?
United Way of Massachusetts Bay Inc is dedicated to making a positive and enduring impact on people's lives. They believe in the power of collaboration, bringing together individuals, nonprofits, businesses, and government agencies. Their focus is on two essential areas for improving lives: Financial Opportunity and Educational Success. In the realm of Financial Opportunity, they strive to ensure families have access to safe housing, nutritious food, and quality childcare. They also work to secure jobs that enable self-sufficiency and offer financial resources and coaching for a better future. For Educational Success, they prepare children to begin their educational journey prepared, helping them develop essential social and academic skills. They provide support to keep children in school and ultimately graduate.
Official website here: www.unitedwaymassbay.org
Who is the CEO of United Way Of Massachusetts Bay Inc?
Unavailable The CEO's salary of United Way Of Massachusetts Bay Inc is $321,538 and their total compensation is $363,814.
Official website here: www.unitedwaymassbay.org
What is the revenue of United Way Of Massachusetts Bay Inc?
United Way Of Massachusetts Bay Inc's revenue in 2022 was $51,168,884.
Official website here: www.unitedwaymassbay.org
Who are the executives of United Way Of Massachusetts Bay Inc and what are their salaries?
The average compensation at United Way Of Massachusetts Bay Inc during 2022 was $40,456. There are 144 employees and 4177 volunteers at United Way Of Massachusetts Bay Inc.
Here are 51 key members and their salaries (United Way Of Massachusetts Bay Inc's CEO's salary is $321,538 and their total compensation is $363,814):
- Compensation: $321,538
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- Compensation: $131,966
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- Compensation: $121,148
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- Other: $43,382
Official website here: www.unitedwaymassbay.org
Where can I find the form 990 for United Way Of Massachusetts Bay Inc?
United Way Of Massachusetts Bay Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.unitedwaymassbay.org
Learn more at the official website: www.unitedwaymassbay.org
Mission Statement of United Way Of Massachusetts Bay Inc
United Way of Massachusetts Bay, a prominent nonprofit organization, is dedicated to bringing about meaningful and enduring change in the lives of those in need. Through the power of collective action, it engages individuals, businesses, nonprofits, and government agencies in its mission to improve two essential aspects of life: Financial Opportunity and Educational Success.
In the realm of Financial Opportunity, United Way of Massachusetts Bay focuses on ensuring the well-being of families by addressing their basic needs. This includes securing safe housing, providing healthy food, and offering quality childcare. The organization's efforts extend to helping families find jobs that enable them to support themselves and their loved ones. Moreover, United Way offers access to financial tools and coaching, empowering them to build a solid foundation for their future.
On the other hand, the nonprofit's commitment to Educational Success begins by preparing children for a successful school experience. This encompasses readying them for the classroom by ensuring they enter with the necessary skills and resources. Throughout their academic journey, United Way provides essential support, enabling students to stay engaged and progress towards graduation.
In summary, United Way of Massachusetts Bay harnesses the strength of its community to create positive and lasting change for those in need. By focusing on Financial Opportunity and Educational Success, it strives to ensure families have the means to thrive and that children are equipped with the tools they need to succeed in their educational pursuits.
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Impact
October, 2024
United Way of Massachusetts Bay Inc drives significant impact by fostering collaborative efforts aimed at generating positive change for individuals and families in need. Its focus on two critical areas—Financial Opportunity and Educational Success—ensures a comprehensive approach to community upliftment.
In the realm of Financial Opportunity, United Way works diligently to ensure that families have access to safe housing, nutritious food, and quality childcare. By empowering people with the financial tools and coaching necessary for economic self-sufficiency, they help families create stable futures. Their initiatives strive to uplift those in low-income situations, targeting the systemic barriers that prevent families from achieving financial independence.
On the front of Educational Success, they address the critical need for children to be prepared for academic achievement from an early age. United Way recognizes that the first five years of a child's life are pivotal for brain development, and their initiatives support parents and caregivers in nurturing this growth. They provide access to high-quality early education and care programs, helping over 15,000 children annually prepare for school readiness. Their involvement in initiatives like the Summer Step Up program illustrates their commitment to accelerating learning opportunities, particularly for those who have faced setbacks due to circumstances like the COVID-19 pandemic.
Moreover, United Way actively works with at-risk youth, particularly those aged 16-24, providing essential resources and programs that foster both social-emotional skills and academic success. By engaging over 42,000 young individuals through creative and supportive out-of-school programs, they are not only addressing immediate educational gaps but are also preparing a skilled workforce capable of contributing to a vibrant economy.
Amidst evolving community needs, United Way remains a pivotal force in building resilient families and educated youth, driving lasting transformations that resonate throughout Massachusetts.
This information is meant to be a general summary of United Way Of Massachusetts Bay 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: $2,430,432
- Program Service Revenue: $81,703
- Gross Receipts: $88,421,639
Assets and Liabilities:
- Total Assets: $73,289,583
- Total Liabilities: $13,458,012
- Net Assets: $59,831,571
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Service Fee Revenue
Revenue
$81,703
Organization Details
Founding Year
1965
Phone
(617) 624-8000Main Address
9 Channel Center Street 500, Boston, MA, 02210
Website
www.unitedwaymassbay.orgNTEE Category
Code: T700 - Philanthropy
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