Overview
What is United Way Of South Central Ky Inc?
United Way of South Central Ky Inc, situated in Somerset, Kentucky, is a nonprofit organization with a mission to support various non-profit organizations in the region. They redistribute donations received, providing financial assistance to numerous member and designated non-member agencies throughout South Central Kentucky. This support enables these organizations to achieve their goals and meet the needs of the community. The organization, with a small team of two employees, plays a significant role in strengthening the local social fabric by empowering other non-profits to fulfill their missions effectively.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Stars
The United Way of South Central Kentucky Inc. has received a mixed evaluation, reflected in its 58% score and One-Star rating. This rating signifies concerns regarding the organization's accountability and finance practices, which score only 55%. Despite having a fully independent board with no material diversion of assets, the absence of essential policies such as conflict of interest and whistleblower protections raises red flags about the organization's governance framework.
On a positive note, the organization demonstrates strengths in its community engagement, achieving a Culture & Community score of 85. Additionally, it has a commendable program expense ratio of 67.30%, indicating a significant portion of its funding is directed towards its programs. Its equity strategies also score relatively high at 85 out of 100, showcasing efforts towards inclusivity.
However, the overall effectiveness of the United Way of South Central Kentucky is shadowed by its financial challenges, as indicated by the liabilities to assets ratio of 78.36%. This high ratio could imply potential sustainability issues. Moreover, missing disclosures and policies may hinder transparency and trust among stakeholders. Addressing these concerns could enhance the organization's standing and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is United Way Of South Central Ky Inc legitimate?
United Way Of South Central Ky Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. United Way Of South Central Ky 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: $56,217
For more financial information, click here
What is the mission statement of United Way Of South Central Ky Inc?
United Way of South Central Ky Inc plays a crucial role in supporting numerous non-profit organizations in the area. By redistributing donations, it provides financial assistance to various member agencies and designated non-member agencies. This support enables these organizations to fulfill their goals and meet the needs of their community. In essence, United Way of South Central Ky Inc acts as a catalyst, empowering these organizations to make a significant impact in the region.
Who is the CEO of United Way Of South Central Ky Inc?
Crystal Cox is the Executive Director of United Way Of South Central Ky Inc.
What is the revenue of United Way Of South Central Ky Inc?
United Way Of South Central Ky Inc's revenue in 2022 was $111,124.
Who are the executives of United Way Of South Central Ky Inc and what are their salaries?
The average compensation at United Way Of South Central Ky Inc during 2022 was $28,108. There are 2 employees at United Way Of South Central Ky Inc.
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Where can I find the form 990 for United Way Of South Central Ky Inc?
United Way Of South Central Ky Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of United Way Of South Central Ky Inc
United Way of South Central Ky Inc plays a crucial role in supporting various non-profit organizations within its vicinity. Their mission is centered around providing financial assistance to these organizations, thereby enabling them to achieve their objectives of addressing the needs of their local communities. By redistributing donations received, United Way of South Central Ky Inc offers financial support to both member agencies and non-member designated agencies across South Central Kentucky. This mission is instrumental in contributing to the betterment of the surrounding area by empowering these non-profit organizations to fulfill their roles effectively.
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Impact
October, 2024
United Way of South Central Kentucky Inc. plays a crucial role in bolstering local communities by providing financial support to various nonprofit organizations. This support enables these organizations to effectively address and meet the diverse needs of individuals and families within the surrounding area.
By redistributing funds through donations, United Way empowers member agencies and designated organizations throughout South Central Kentucky, helping them realize their goals and fulfill their missions. This collaboration enhances the overall impact on the community, addressing key issues such as education, health, financial stability, and more. Through its efforts, United Way of South Central Kentucky Inc. strengthens the fabric of the community, ensuring that resources are allocated where they are most needed, ultimately fostering a more resilient and thriving society.
This information is meant to be a general summary of United Way Of South Central Ky 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: $176
- Gross Receipts: $111,124
Assets and Liabilities:
- Total Assets: $366,680
- Total Liabilities: $287,341
- Net Assets: $79,339
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Organization Details
Founding Year
1972
Principal Officer
Crystal Cox
Main Address
P O BOX 861, SOMERSET, KY, 42502
NTEE Category
Code: T70Z - Philanthropy
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