Overview
What is Greater Mankato Area United Way Inc?
Greater Mankato Area United Way Inc, located in Mankato, Minnesota, is a dedicated nonprofit organization committed to bettering the lives of individuals of all ages in their community. Their core mission involves securing resources, convening the community, and connecting people and organizations to essential resources. This approach aims to ensure the well-being, stability, and self-sufficiency of community members, and build a brighter future for all. In 2022, Greater Mankato Area United Way provided funding to 55 programs across 36 nonprofit agencies. These programs addressed various needs, including education, basic needs, and health. They also distributed one-time funding to 19 programs and initiated two new one-time funding programs for organizations that solely relied on their support in 2022. To secure resources, the organization engages individuals and businesses throughout the region during their annual campaign. In 2022, more than 5,000 individuals contributed through workplace campaigns or personal giving, while over 200 companies pledged corporate gifts. Additionally, more than 1,300 volunteers donated over 10,000 hours of volunteer service, enabling the organization to maintain low overhead while maximizing impact. In-kind donations, totaling over $1,175,000 in 2022, played a crucial role in ensuring maximum impact. In the area of education, Greater Mankato Area United Way supports families in need and equips them with tools for success by addressing basic needs, education, and health. The education focus area includes building systems of support for parents and young children to ensure that all children are ready for kindergarten, providing youth with healthy growth and development opportunities, and offering access to quality youth development programs that foster positive experiences. In 2022, these programs served approximately 20,664 youth. Examples of their educational initiatives include the United Way Fourth Grade Book Project, which served around 1,600 individuals, and the Annual Reading Festival, which supported over 600 individuals. In summary, Greater Mankato Area United Way Inc is an active and impactful nonprofit organization that invests in bettering lives in their community through various resources and programming.
Official website here: www.mankatounitedway.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Greater Mankato Area United Way Inc has earned commendation for its strong financial health and transparency, reflected in its impressive 97% score from Charity Navigator. The organization demonstrates exceptional accountability with 100% independent board members and effective oversight mechanisms in place, contributing to its strong governance structure.
The nonprofit's financial ratios highlight its efficiency, with a program expense ratio of nearly 80%, indicating that a significant portion of its resources is directed toward programs rather than administrative costs. Additionally, the fundraising efficiency ratio of $0.13 per dollar raised suggests that it effectively minimizes fundraising expenses, maximizing the impact of donations.
While the organization showcases exemplary financial management and governance practices, continued focus on maintaining these standards will be essential as it grows. Overall, Greater Mankato Area United Way 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 Greater Mankato Area United Way Inc legitimate?
Greater Mankato Area United Way Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Mankato Area 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: $119,304
Professional Fundraising Fees: $0
Other Salaries and Wages: $345,027
For more financial information, click here
Official website here: www.mankatounitedway.org
What is the mission statement of Greater Mankato Area United Way Inc?
Greater Mankato Area United Way Inc's mission is to bring the community together to gather and invest resources, with the aim of improving people's lives. Their core focus is on securing resources, convening the community, and connecting individuals and organizations to these resources. This collective effort is aimed at ensuring the well-being, stability, and self-sufficiency of individuals of all ages, thereby paving the way for a better future for all in the community. In 2022, they funded 55 programs across 36 nonprofit agencies, providing support to basic needs, education, and health. Their focus on education includes building systems of support for parents and young children, ensuring children are ready for kindergarten, and providing access to quality youth development programs. In 2022, they served about 20,664 youth through these initiatives.
Official website here: www.mankatounitedway.org
Who is the CEO of Greater Mankato Area United Way Inc?
Barbara Kaus is the Ceo of Greater Mankato Area United Way Inc. The CEO's salary of Greater Mankato Area United Way Inc is $119,304 and their total compensation is $153,485.
Official website here: www.mankatounitedway.org
What is the revenue of Greater Mankato Area United Way Inc?
Greater Mankato Area United Way Inc's revenue in 2022 was $3,582,369.
Official website here: www.mankatounitedway.org
Who are the executives of Greater Mankato Area United Way Inc and what are their salaries?
The average compensation at Greater Mankato Area United Way Inc during 2022 was $42,212. There are 11 employees and 1300 volunteers at Greater Mankato Area United Way Inc.
Here are 27 key members and their salaries (Greater Mankato Area United Way Inc's CEO's salary is $119,304 and their total compensation is $153,485):
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Official website here: www.mankatounitedway.org
Where can I find the form 990 for Greater Mankato Area United Way Inc?
Greater Mankato Area United Way Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mankatounitedway.org
Learn more at the official website: www.mankatounitedway.org
Mission Statement of Greater Mankato Area United Way Inc
Greater Mankato Area United Way Inc, an esteemed nonprofit organization, is dedicated to uniting the community to collect and invest resources with the primary goal of enhancing people's lives. The organization's core commitments involve securing resources, bringing the community together, and connecting individuals and organizations to these resources. By carrying out these actions, Greater Mankato Area United Way Inc strives to ensure the well-being, stability, and self-sufficiency of individuals of all ages and contribute to building a better future for everyone in the region.
In 2022, Greater Mankato Area United Way Inc supported 55 programs across 36 nonprofit agencies. These programs received various levels of funding, with 19 receiving additional one-time funding, and two new programs receiving their only funding for the year. The organization's resource-gathering efforts extend to soliciting contributions from individuals and businesses within the community during the annual campaign. In 2022, over 5,000 individuals donated through workplace campaigns or personal giving, while more than 200 companies pledged a corporate gift. Moreover, more than 1,300 volunteers donated over 10,000 hours of volunteer service, which helped to keep overhead costs low while maximizing impact. The organization also relies on valuable in-kind donations, totaling over $1,175,000 in 2022, to ensure its activities have the most significant impact.
In terms of community impact, Greater Mankato Area United Way Inc focuses on education, aiming to stabilize families in need and equip them with the tools for success. The organization supports basic needs, education, and health through various programs, ensuring that children are ready for kindergarten, offering youth opportunities for healthy growth and development, and providing access to quality youth development programs fostering positive experiences. In 2022, these educational initiatives served approximately 20,664 youth. Examples of educational initiatives include the United Way Fourth Grade Book Project, which served around 1,600 individuals, and the Annual Reading Festival, which catered to more than 600.
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Impact
July, 2024
Greater Mankato Area United Way Inc's impact is centered around stabilizing families in need and providing tools for success by supporting basic needs, education, and health initiatives. In the field of education, the organization focuses on building support systems for parents and young children to ensure readiness for kindergarten, healthy growth and development opportunities for youth, and access to quality youth development programs that foster positive experiences. These programs collectively served about 20,664 youth in 2022. Additionally, initiatives like the United Way Fourth Grade Book Project and the annual Reading Festival have made significant impacts by serving hundreds of individuals. Through securing resources, convening the community, and connecting people and organizations to resources, Greater Mankato Area United Way Inc aims to ensure the well-being, stability, and self-sufficiency of individuals of all ages, working towards a better tomorrow for all in the region.
This information is meant to be a general summary of Greater Mankato Area 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $21,523
- Program Service Revenue: $20,922
- Gross Receipts: $3,690,075
Assets and Liabilities:
- Total Assets: $3,791,406
- Total Liabilities: $75,390
- Net Assets: $3,716,016
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMMUNITY IMPACT
Revenue
$20,639
SERVICE FEE
Revenue
$283
Organization Details
Founding Year
1956
Phone
(507) 345-4551Principal Officer
Barbara Kaus
Main Address
127 S 2ND ST SUITE 190, MANKATO, MN, 56001
Website
www.mankatounitedway.orgNTEE Category
Code: T70 - Philanthropy
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