Overview
What is United Way Of Naugatuck And Beacon Falls Inc?
United Way of Naugatuck and Beacon Falls Inc is a nonprofit organization based in Naugatuck, Connecticut. Their primary mission is to improve the well-being of the community by funding charitable agencies in the Naugatuck and Beacon Falls area. They aim to become a catalyst for community problem-solving, promoting volunteer development, and raising financial resources for human care services. The organization operates a community fund distribution system, ensuring accountability and responsiveness to donors while remaining flexible in response to human needs. They prioritize inclusivity in governance, operations, and fund distribution, representing the diverse populations of the community. With a small workforce of two individuals, United Way of Naugatuck and Beacon Falls Inc strives to enhance the community's overall welfare.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating
The United Way of Naugatuck and Beacon Falls Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The charity's overall score is based entirely on its accountability and finance metrics, illustrating a strong commitment to maintaining transparent and responsible financial practices.
Highlights of the organization include a completely independent board of directors and a robust program expense ratio of 87.72%, suggesting that a significant portion of donations is directed towards its programs rather than administrative costs. Furthermore, the charity has established policies in place for conflict of interest and whistleblower protection, enhancing its governance framework.
However, the charity's liabilities to assets ratio is noted as 78.38%, which is a point of concern as it may indicate financial vulnerability. This metric suggests a need for careful monitoring of financial stability moving forward. Overall, while the charity demonstrates strength in various governance aspects, there are areas that require attention to ensure continued financial health.
This AI summary has been generated from information found on Charity Navigator.
Is United Way Of Naugatuck And Beacon Falls Inc legitimate?
United Way Of Naugatuck And Beacon Falls Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. United Way Of Naugatuck And Beacon Falls 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: $56,279
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,347
For more financial information, click here
What is the mission statement of United Way Of Naugatuck And Beacon Falls Inc?
The mission of United Way Of Naugatuck And Beacon Falls Inc is centered around fostering community involvement and support. Their primary objective is to facilitate a voluntary system of human services, encouraging people to care for one another. They aim to promote efficiency and effectiveness in operations, assisting local human services in improving service delivery.
United Way serves as a catalyst for community problem-solving, identifying local human care needs and developing solutions within the context of total community organizational resources. They actively promote and encourage volunteer development and volunteerism.
To support human care services, United Way primarily relies on a community-wide campaign managed by them. They operate a community fund distribution system that is accountable and responsive to donors, and flexible in response to human needs. Lastly, United Way strives to be inclusive in governance, operations, and fund distribution, embracing the diverse populations of the community.
Who is the CEO of United Way Of Naugatuck And Beacon Falls Inc?
Allan V Monteiro is the Director of United Way Of Naugatuck And Beacon Falls Inc.
What is the revenue of United Way Of Naugatuck And Beacon Falls Inc?
United Way Of Naugatuck And Beacon Falls Inc's revenue in 2022 was $457,883.
Who are the executives of United Way Of Naugatuck And Beacon Falls Inc and what are their salaries?
The average compensation at United Way Of Naugatuck And Beacon Falls Inc during 2022 was $34,813. There are 2 employees and 35 volunteers at United Way Of Naugatuck And Beacon Falls Inc.
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- Compensation: $56,279
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Where can I find the form 990 for United Way Of Naugatuck And Beacon Falls Inc?
United Way Of Naugatuck And Beacon Falls Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of United Way Of Naugatuck And Beacon Falls Inc
United Way of Naugatuck and Beacon Falls Inc serves as a catalyst in the community, identifying local human care needs and developing solutions within the context of the region's organizational resources. Their mission is threefold: to promote volunteer development and volunteering, to develop financial resources to support human care services, primarily through a single community-wide campaign, and to operate a community fund distribution system that is accountable and responsive to donors, while remaining flexible in response to human needs.
In pursuit of these objectives, United Way of Naugatuck and Beacon Falls Inc aims to become inclusive in governance, operations, and fund distribution, ensuring that all diverse populations of the community are represented. By doing so, they strive to foster a sense of community involvement and care for one another, ultimately leading to an improved delivery of human services in the area. Their mission is a testament to their commitment to the well-being of their community, aiming to address local human care needs through a collaborative and inclusive approach.
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Impact
July, 2024
United Way Of Naugatuck And Beacon Falls Inc's impact can be seen through its proactive funding of charitable agencies in the Naugatuck and Beacon Falls area. By soliciting and allocating funds for health, welfare, and recreational agencies, this organization actively improves the well-being of the community. Additionally, United Way of Naugatuck and Beacon Falls serves as a catalyst for community problem-solving by identifying local human care needs and developing solutions with the resources available. Through their mission of promoting volunteerism, developing financial resources, and operating a responsive fund distribution system, they effectively support human care services in a way that is accountable and inclusive of all diverse populations in the community.
This information is meant to be a general summary of United Way Of Naugatuck And Beacon Falls 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: $222
- Gross Receipts: $500,846
Assets and Liabilities:
- Total Assets: $493,488
- Total Liabilities: $386,813
- Net Assets: $106,675
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Organization Details
Founding Year
1963
Phone
(203) 729-1564Principal Officer
Allan V Monteiro
Main Address
270 CHURCH STREET, NAUGATUCK, CT, 06770
NTEE Category
Code: T70Z - Philanthropy
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