Overview
What is United Way Of Milford Inc?
United Way of Milford Inc, located at 20 Evergreen Avenue, Milford, CT 06460, is a nonprofit organization dedicated to supporting local human service activities within its community. Its primary mission involves raising funds through an annual campaign, which are subsequently distributed to various area nonprofit agencies to address pressing human service needs. The organization operates with a small team of five dedicated individuals, demonstrating its commitment to making a significant impact in the lives of those in need.
Official website here: www.unitedwayofmilford.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Stars
United Way of Milford Inc has achieved an impressive score of 97%, earning a Four-Star rating from Charity Navigator. This high score reflects a strong emphasis on accountability and financial health, with the entire rating derived from its accountability and finance beacon. This indicates that the organization practices a high level of transparency and effective management of its resources.
The organization demonstrates significant strengths, such as having a completely independent board, with 24 independent members, which contributes to its governance effectiveness. Additionally, it has implemented several key policies, including conflict of interest and whistleblower policies, showcasing a commitment to ethical practices. The program expenses ratio of 73.97% indicates that a substantial portion of its funding directly supports its programs.
While the organization has shown notable strengths, it is important to continue monitoring its financial practices to maintain this level of accountability. The absence of material diversion of assets and the low liabilities-to-assets ratio are positive indicators of financial stability. Overall, United Way of Milford Inc stands out as a responsible and well-managed nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is United Way Of Milford Inc legitimate?
United Way Of Milford Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. United Way Of Milford 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $196,552
For more financial information, click here
Official website here: www.unitedwayofmilford.org
What is the mission statement of United Way Of Milford Inc?
United Way of Milford Inc's primary mission is to collect funds through an annual campaign. These funds are then distributed to various local non-profit organizations that focus on addressing human service needs within the community. By doing so, the organization plays a crucial role in supporting organizations that work tirelessly to improve the lives of individuals in need. The ultimate goal is to ensure that resources are allocated effectively to address various human service issues, thereby contributing to the betterment of the community as a whole.
Official website here: www.unitedwayofmilford.org
Who is the CEO of United Way Of Milford Inc?
Barry Berman is the President of United Way Of Milford Inc.
Official website here: www.unitedwayofmilford.org
What is the revenue of United Way Of Milford Inc?
United Way Of Milford Inc's revenue in 2022 was $475,742.
Official website here: www.unitedwayofmilford.org
Who are the executives of United Way Of Milford Inc and what are their salaries?
The average compensation at United Way Of Milford Inc during 2022 was $39,310. There are 5 employees at United Way Of Milford Inc.
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Official website here: www.unitedwayofmilford.org
Where can I find the form 990 for United Way Of Milford Inc?
United Way Of Milford Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.unitedwayofmilford.org
Learn more at the official website: www.unitedwayofmilford.org
Mission Statement of United Way Of Milford Inc
United Way of Milford Inc, a notable organization, is dedicated to raising funds through an annual campaign. This campaign serves the purpose of distributing the collected funds to various local non-profit agencies, all of which are actively engaged in addressing human service needs within the community. By doing so, United Way of Milford Inc plays a pivotal role in supporting numerous organizations that are committed to enhancing the well-being and welfare of the community's residents.
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Impact
July, 2024
United Way of Milford Inc's impact is significant in the community of Milford, CT. By raising funds through an annual campaign, they provide crucial support to local nonprofit organizations involved in human service activities. These funds are distributed to area agencies to address important human service needs, helping improve the lives of individuals and families in the community. United Way of Milford Inc plays a vital role in promoting philanthropy and creating a positive impact on the well-being of the residents they serve.
This information is meant to be a general summary of United Way Of Milford 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: $978
- Gross Receipts: $539,559
Assets and Liabilities:
- Total Assets: $818,960
- Total Liabilities: $96,619
- Net Assets: $722,341
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Organization Details
Founding Year
1956
Phone
(203) 874-6791Principal Officer
Barry Berman
Main Address
20 EVERGREEN AVENUE, MILFORD, CT, 064604807
Website
www.unitedwayofmilford.orgNTEE Category
Code: T70Z - Philanthropy
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