Overview
What is United Way Of Broome County Inc?
United Way of Broome County Inc is a dedicated nonprofit organization situated in Binghamton, New York. Their primary objective is to promote positive change within the community by strategically utilizing the collective resources of community partners. They achieve this by assessing community needs, soliciting public contributions, and allocating these funds to programs of partner agencies that align with identified needs. Their Community Impact and Initiatives Programs engage in relationships and partnerships to leverage the organization's unique strengths and abilities. These programs aim to create the greatest possible impact, improving outcomes for individuals and families, and achieving community-level change. They work on various projects, such as the Healthy Lifestyles Coalition, the Binghamton-Broome Anti-Poverty Initiative, and the Basic Needs Grant Program, amongst others. Volunteers serve on Impact Councils, making recommendations for funding distribution, and periodic program and financial reports are reviewed to ensure high standards and impact are met.
Official website here: www.uwbroome.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The United Way of Broome County Inc has achieved a remarkable 100% rating, indicating exceptional performance in accountability and finance. With an entirely independent board of 16 members, the organization demonstrates strong governance practices, ensuring transparency and oversight in its operations. The charity has also shown no material diversion of assets, reinforcing its commitment to ethical practices.
Financially, the organization excels with a program expense ratio of 73.28%, showcasing a strong focus on direct program services. Additionally, it has a fundraising efficiency ratio of just $0.15, indicating effective use of resources to generate funding. With a working capital ratio of 8.53 years, the United Way is well-positioned to sustain its initiatives over the long term.
While the ratings highlight the charity's strengths, users may still want to consider the local impact and specific programs offered by the organization. Overall, the United Way of Broome County Inc stands out as a highly accountable and financially sound nonprofit dedicated to serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is United Way Of Broome County Inc legitimate?
United Way Of Broome County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. United Way Of Broome County 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: $96,746
Professional Fundraising Fees: $0
Other Salaries and Wages: $857,457
For more financial information, click here
Official website here: www.uwbroome.org
What is the mission statement of United Way Of Broome County Inc?
United Way of Broome County Inc's mission is centered around driving positive change in the community by strategically leveraging the collective resources of community partners. The organization identifies critical needs within the community, solicits public contributions, and allocates these funds to programs of partner agencies that address these needs. Their Community Impact and Initiatives programs work with residents, organizations, leaders, and stakeholders to further the organization's mission, focusing on health, education, and financial stability. They support building blocks to a quality life and aim to improve outcomes for individuals and families, achieving community-level change through various initiatives such as the Healthy Lifestyles Coalition, the Binghamton-Broome Anti-Poverty Initiative, and grant programs. The organization's volunteers serve on Impact Councils and make recommendations for funding to community partners, ensuring that funds are utilized effectively and that impact is achieved.
Official website here: www.uwbroome.org
Who is the CEO of United Way Of Broome County Inc?
Paula Perna is the President of United Way Of Broome County Inc.
Official website here: www.uwbroome.org
What is the revenue of United Way Of Broome County Inc?
United Way Of Broome County Inc's revenue in 2023 was $4,403,465.
Official website here: www.uwbroome.org
Who are the executives of United Way Of Broome County Inc and what are their salaries?
The average compensation at United Way Of Broome County Inc during 2023 was $38,168. There are 25 employees and 1044 volunteers at United Way Of Broome County Inc.
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- Compensation: $71,629
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- Other: $8,507
Official website here: www.uwbroome.org
Where can I find the form 990 for United Way Of Broome County Inc?
United Way Of Broome County Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.uwbroome.org
Learn more at the official website: www.uwbroome.org
Mission Statement of United Way Of Broome County Inc
United Way of Broome County Inc operates with a mission to drive change that positively impacts the critical needs of its community. This is achieved by strategically leveraging the collective resources of community partners. The organization assesses the community's needs, solicits public contributions, and allocates these funds to programs of partner agencies that address identified needs. By doing so, United Way of Broome County Inc aims to make a significant impact on the community's health, education, and financial stability.
To further its mission, United Way of Broome County Inc engages in community impact and initiatives programs. These programs work closely with community residents, organizations, leaders, and other stakeholders to support the organization's vision. Through shared community visions, United Way of Broome County Inc helps build the foundations for a quality life, focusing on health, education, and financial stability. The organization's community impact and initiatives programs strive to create the greatest possible impact, improving outcomes for individuals and families, and achieving community-level change.
The health, education, and financial stability-focused initiatives are carried out through various grant programs. These include the Healthy Lifestyles Coalition (HLC), the Binghamton-Broome Anti-Poverty Initiative (BBAPI), the United Way of Broome County's Strategic Priorities and Basic Needs Grant Program, the Emergency Grant Program, the Healthy Lifestyles Coalition Grant Program, and the Capacity Building Grant Program. Community volunteers serve on impact councils, making recommendations regarding the disbursement of funds raised in the annual community campaign. The funds are monitored to ensure they meet high standards, goals are achieved, and impact is attained. Periodic program and financial reports of funded community partners are reviewed by the Community Impact and Initiatives Team, Impact Councils, and the Board of Directors.
United Way of Broome County Inc's community impact and initiatives programs understand the community's needs, are aware of its resources, and have knowledge of local and national best practice strategies. By leveraging and aligning its unique strengths and abilities, the organization engages in relationships and partnerships, measures results, and ensures the highest level of accountability, integrity, and impact.
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Impact
October, 2024
United Way of Broome County Inc drives significant change by addressing critical needs within the community of Broome County. By strategically leveraging resources from a network of local partners, this organization focuses on fostering improvements in health, education, and financial stability for individuals and families.
Through various initiatives, such as the Healthy Lifestyles Coalition and the Binghamton-Broome Anti-Poverty Initiative, it works closely with community residents, organizations, and leaders to promote a shared vision of progress. The organization invests in programs that directly tackle essential community needs, ensuring accountability and measuring impact to achieve tangible results.
Community volunteers play a vital role in this process by serving on impact councils that recommend the disbursement of funds to partner agencies effectively addressing the needs of the population. Regular assessments of community needs and resources enable the organization to implement best practices and develop strategies that create lasting positive change. Overall, United Way of Broome County Inc is dedicated to making a meaningful difference in the lives of those it serves.
This information is meant to be a general summary of United Way Of Broome County 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 2023.
- Investment Income: $1,177,853
- Gross Receipts: $20,654,493
Assets and Liabilities:
- Total Assets: $34,854,486
- Total Liabilities: $681,970
- Net Assets: $34,172,516
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Organization Details
Founding Year
1954
Phone
(607) 240-2000Principal Officer
Paula Perna
Main Address
PO BOX 550, BINGHAMTON, NY, 139020550
Website
www.uwbroome.orgNTEE Category
Code: T70Z - Philanthropy
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