Overview
What is Monroe County United Way Fund Inc?
Monroe County United Way Fund Inc is a nonprofit organization situated in Sweetwater, Tennessee. With only two employees, it primarily focuses on raising funds and supporting programs that aim to improve opportunities and bring about lasting change in the community. Their mission is to enhance the quality of life for all residents by funding initiatives that concentrate on health, education, and financial stability. They contribute to various not-for-profit agencies exempt under IRS 501(C)(3) to help achieve these objectives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
Monroe County United Way Fund Inc has received a Two-Star rating from Charity Navigator, indicating that the organization needs improvement in certain areas despite a decent overall score of 73%. The charity excels in accountability metrics, featuring a fully independent board with strong governance practices, such as documenting board meeting minutes and maintaining a low liabilities to assets ratio.
However, significant gaps exist in the organization's transparency and policy implementation. Notably, essential documents such as the tax form and several key policies, including conflict of interest and whistleblower policies, are missing from their website. These shortcomings contribute to the need for improvement in their accountability practices, which are crucial for fostering trust and transparency with donors and the community.
The program expense ratio is commendable at 71.03%, indicating a strong commitment to funding programs rather than administrative costs. Nevertheless, addressing the missing policies and documents will be vital for enhancing the organization's overall rating and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Monroe County United Way Fund Inc legitimate?
Monroe County United Way Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monroe County United Way Fund 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: $51,068
Professional Fundraising Fees: $5,393
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Monroe County United Way Fund Inc?
Monroe County United Way Fund Inc's mission is centered around improving the community by raising funds and supporting programs that offer opportunities for a better life. Their efforts focus on three key areas: health, education, and financial stability. United Way of Monroe County strives to ensure a good life for all by funding programs that address these essential needs. They work to create lasting change in the community by supporting initiatives that provide opportunities and improve living conditions for its residents.
Who is the CEO of Monroe County United Way Fund Inc?
Joe Marlette is the Treasurer of Monroe County United Way Fund Inc.
What is the revenue of Monroe County United Way Fund Inc?
Monroe County United Way Fund Inc's revenue in 2022 was $208,085.
Who are the executives of Monroe County United Way Fund Inc and what are their salaries?
The average compensation at Monroe County United Way Fund Inc during 2022 was $25,534. There are 2 employees at Monroe County United Way Fund Inc.
Here are 16 key members and their salaries:
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Where can I find the form 990 for Monroe County United Way Fund Inc?
Monroe County United Way Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Monroe County United Way Fund Inc
Monroe County United Way Fund Inc is an organization committed to making a positive impact in its community. Their mission is to improve living conditions for all by supporting programs that focus on health, education, and financial stability. They achieve this by raising funds and providing opportunities for lasting change. In essence, Monroe County United Way Fund Inc strives to ensure a good life for everyone in their community by backing initiatives that address these vital areas. Their efforts are geared towards fostering a society where individuals and families can thrive, ultimately contributing to a stronger and more prosperous community.
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Impact
October, 2024
Monroe County United Way Fund Inc makes a significant impact by raising funds and supporting programs that create opportunities and foster lasting change within the community. By focusing on key areas such as health, education, and financial stability, it helps ensure a good quality of life for all residents. The organization contributes to various not-for-profit agencies, playing a crucial role in addressing local needs and challenges. Through its efforts, Monroe County United Way not only uplifts individuals but also strengthens the entire community by empowering residents and promoting sustainable development.
This information is meant to be a general summary of Monroe County United Way Fund 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: -$4,721
- Gross Receipts: $226,470
Assets and Liabilities:
- Total Assets: $314,744
- Total Liabilities: $4,014
- Net Assets: $310,730
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Organization Details
Founding Year
1974
Principal Officer
Joe Marlette
Main Address
PO BOX 722, SWEETWATER, TN, 37874
NTEE Category
Code: T00 - Philanthropy
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