Overview
What is Brookings Area United Way?
Brookings Area United Way is a nonprofit organization situated in Brookings, South Dakota. Their primary mission is to foster positive changes within the local community by raising funds and distributing them to agencies in need of financial assistance. They inspire hope and create opportunities for a better future by donating monies to various organizations in the Brookings area. With a modest workforce of four individuals, this nonprofit plays a significant role in supporting the community's welfare, ensuring that vital services continue to operate effectively.
Official website here: www.brookingsunitedway.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%, Four-Star out of Four Star Rating
The Brookings Area United Way achieved an impressive overall score of 95%, reflecting strong accountability and financial health. With an Accountability & Finance Score of 96, the organization demonstrates a high level of transparency and effective management practices. Notably, the board is composed entirely of independent members, and there is no indication of asset diversion, showcasing a commitment to ethical governance.
In terms of financial efficiency, the organization has a program expense ratio of 74.44%, indicating that a significant portion of its expenditures goes directly toward its programs. Additionally, the low liabilities to assets ratio of 0.20% underscores its financial stability. The organization has a solid framework for leadership development and adaptability, scoring perfectly in these areas, which suggests a proactive approach to meeting community needs.
However, the review also highlights a limitation regarding the absence of a whistleblower policy, which was noted as missing. Despite this gap, the overall performance of the Brookings Area United Way indicates a well-managed nonprofit that effectively serves its community while maintaining a high standard of accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Brookings Area United Way legitimate?
Brookings Area United Way is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brookings Area United Way 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: $173,930
For more financial information, click here
Official website here: www.brookingsunitedway.org
What is the mission statement of Brookings Area United Way?
The mission of Brookings Area United Way is centered around providing financial assistance to agencies in need within the community. By collecting donations and distributing funds, they aim to bring about positive changes, inspire hope, and create opportunities for a better tomorrow. Their primary objective is to empower local organizations, thereby contributing to a more prosperous and supportive community. Through this philanthropic endeavor, Brookings Area United Way strives to make a significant impact on the lives of those in need, ultimately fostering a sense of unity and shared success.
Official website here: www.brookingsunitedway.org
Who is the CEO of Brookings Area United Way?
Spencer Degen is the President of Brookings Area United Way.
Official website here: www.brookingsunitedway.org
What is the revenue of Brookings Area United Way?
Brookings Area United Way's revenue in 2023 was $1,255,380.
Official website here: www.brookingsunitedway.org
Who are the executives of Brookings Area United Way and what are their salaries?
The average compensation at Brookings Area United Way during 2023 was $43,482. There are 4 employees at Brookings Area United Way.
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Official website here: www.brookingsunitedway.org
Where can I find the form 990 for Brookings Area United Way?
Brookings Area United Way's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.brookingsunitedway.org
Learn more at the official website: www.brookingsunitedway.org
Mission Statement of Brookings Area United Way
Brookings Area United Way, a notable organization, is committed to making a positive impact on its local community. Their mission, in essence, revolves around raising funds and distributing them to various agencies within the Brookings area that are in need of financial assistance. By doing so, the organization aims to inspire hope and create opportunities for a better tomorrow. Their primary objective is to bring about meaningful changes in the community, working towards a future where everyone has access to the resources they need to thrive.
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Impact
October, 2024
Brookings Area United Way drives positive change within the local community by collecting donations and distributing funds to agencies in need of financial assistance. Their efforts inspire hope and create opportunities for a better tomorrow for residents in Brookings, South Dakota. By supporting various local organizations, they help address pressing challenges and promote the well-being of individuals and families in the area, ultimately fostering a stronger and more resilient community.
This information is meant to be a general summary of Brookings Area United Way. 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: $3,376
- Gross Receipts: $1,288,001
Assets and Liabilities:
- Total Assets: $1,957,699
- Total Liabilities: $4,105
- Net Assets: $1,953,594
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Organization Details
Founding Year
1955
Principal Officer
Spencer Degen
Main Address
PO BOX 750, BROOKINGS, SD, 57006
Website
www.brookingsunitedway.orgNTEE Category
Code: T70Z - Philanthropy
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