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Valley United Way Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 060847098 ✦ Shelton, CT ✦ Designated as a 501(c)(3)

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Overview

What is Valley United Way Inc?

Valley United Way Inc, situated in Connecticut, serves as a significant philanthropic organization for the communities of Ansonia, Derby, Oxford, Seymour, and Shelton. Its primary mission is to better the lives of its residents by harnessing the compassionate spirit of the community through charitable contributions, volunteer work, and collaborative efforts. Valley United Way identifies and supports local nonprofit organizations that cater to human service needs within these towns, providing them with essential financial assistance. By fostering philanthropy, volunteerism, and collaboration, Valley United Way aims to create a more prosperous and caring community.


Official website here: www.valleyunitedway.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 94%, Four-Star out of Four Star rating

Valley United Way Inc has achieved a strong 94% rating from Charity Navigator, reflecting a robust performance in accountability and finance. The organization boasts an impressive 96% score in this area, with full marks for its independent board members and a well-structured audit and oversight committee, indicating a commitment to transparency and proper governance.

The nonprofit excels in its financial management, evidenced by a low liabilities-to-assets ratio and a high program expense ratio, which shows that a significant portion of its funding is directed towards its programs rather than administrative costs. However, its culture and community score of 75 suggests that there may be room for improvement in areas related to community engagement and equity strategies.

Overall, Valley United Way Inc demonstrates fiscal responsibility and strong leadership, making it a trustworthy choice for donors. While it performs well in many aspects, enhancing its community involvement could further strengthen its impact and reputation.


This AI summary has been generated from information found on Charity Navigator.

Is Valley United Way Inc legitimate?

Valley United Way Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valley United Way 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: $54,518
Professional Fundraising Fees: $0
Other Salaries and Wages: $80,681

For more financial information, click here


Official website here: www.valleyunitedway.org

What is the mission statement of Valley United Way Inc?

Valley United Way Inc's mission is centered around bettering lives within the community. They achieve this by harnessing the compassionate energy of their community through philanthropic contributions, volunteer work, and collaborative efforts. The organization's primary objective is to provide financial aid and leadership to non-profit human service organizations that address identified community needs. Valley United Way serves as a prominent philanthropic entity, working tirelessly to improve lives in various towns. Their approach involves mobilizing the community's empathy, encouraging volunteer work, and fostering collaborations to drive positive change.


Official website here: www.valleyunitedway.org

Who is the CEO of Valley United Way Inc?

Greg Destefano is the Principal Officer of Valley United Way Inc. The CEO's salary of Valley United Way Inc is $71,764 and their total compensation is $71,764.


Official website here: www.valleyunitedway.org

What is the revenue of Valley United Way Inc?

Valley United Way Inc's revenue in 2022 was $784,201.


Official website here: www.valleyunitedway.org

Who are the executives of Valley United Way Inc and what are their salaries?

The average compensation at Valley United Way Inc during 2022 was $45,066. There are 3 employees and 103 volunteers at Valley United Way Inc.


Here are 17 key members and their salaries (Valley United Way Inc's CEO's salary is $71,764 and their total compensation is $71,764):


Michael Gnibus (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Stockla (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory P Destefano (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dominick Thomas (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Charmel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joy Demarchis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Amicone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Diehl (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Mcfarland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carolyn Cutaneo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Purcell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Dibacco (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Tracey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jill Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Vescovi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jimmy Tickey (Immediate Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Kennedy (Interim President And Ceo)
  • Compensation: $71,764
  • Related: $0
  • Other: $0


Official website here: www.valleyunitedway.org

Where can I find the form 990 for Valley United Way Inc?

Valley United Way Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.valleyunitedway.org

Learn more at the official website: www.valleyunitedway.org

Mission Statement of Valley United Way Inc

Valley United Way, as a distinguished nonprofit organization, is dedicated to bettering lives by harnessing the compassionate strength of its community. It achieves this mission through three primary means: philanthropy, volunteerism, and collaboration. The organization plays a crucial role in mobilizing these resources to support human service organizations that address identified community needs in various towns, including Ansonia, Derby, Oxford, Seymour, and Shelton, Connecticut. By leveraging philanthropy, Valley United Way raises funds to aid these organizations in their missions, ensuring that they have the necessary resources to make a tangible impact on their communities. Additionally, the organization encourages volunteerism, allowing individuals to contribute their time and skills to community projects, fostering a sense of community engagement and empowerment. Lastly, Valley United Way fosters collaboration among various organizations, bringing together different sectors to work towards common goals, thereby maximizing the impact of their collective efforts.

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Impact




July, 2024

Valley United Way Inc's impact can be seen through its dedication to improving lives in Ansonia, Derby, Oxford, Seymour, and Shelton, Connecticut. By mobilizing the caring power of the community through philanthropy, volunteerism, and collaboration, Valley United Way provides essential financial assistance and community leadership to nonprofit human service organizations addressing identified community needs. As a leading philanthropic organization in the region, Valley United Way plays a crucial role in enhancing the well-being of individuals and families in these towns.




This information is meant to be a general summary of Valley United Way 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.

Revenue
$784,201 (2022)
Expenses
$661,020 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4
  • Gross Receipts: $784,201

Assets and Liabilities:

  • Total Assets: $556,297
  • Total Liabilities: $144,959
  • Net Assets: $411,338

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Organization Details

Founding Year

1968

Principal Officer

Greg Destefano

Main Address

54 GROVE STREET 1, SHELTON, CT, 06484

NTEE Category

Code: T70Z - Philanthropy

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