Overview
What is Interlakes Area United Way Corp?
Interlakes Area United Way Corp, situated in Madison, South Dakota, serves as a vital connector between financial and volunteer resources and various non-profit organizations and programs in southeastern South Dakota. In 2021, they granted funds to 39 non-profit entities, demonstrating their commitment to uplifting the community. This non-profit corporation has a small workforce of two individuals, yet their mission is significant, coordinating assistance to improve the lives of people in their locality.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
Interlakes Area United Way Corp has received an 80% score, indicating a solid level of accountability and financial health. The rating reflects a strong emphasis on effective governance, highlighted by a fully independent board consisting of 10 members, which demonstrates a commitment to transparency and ethical management practices. Additionally, the organization has no material diversions of assets and maintains a comprehensive conflict of interest policy, showing reliability in its operations.
Financially, the organization appears to be in good shape, with a liabilities to assets ratio of 0.00%, meaning it holds no outstanding debts compared to its assets. Its program expense ratio is also commendable at 76.87%, suggesting that a significant portion of its funds is directed towards its programs rather than administrative costs. This efficiency indicates a focus on delivering impact in the community.
While the overall score is positive, it is important to note that the charity's rating is solely based on accountability and finance, with no other beacons, such as impact or sustainability, affecting the score. This limitation suggests that while financial practices are robust, potential donors may want to seek additional information on the organization's program outcomes and broader effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Interlakes Area United Way Corp legitimate?
Interlakes Area United Way Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Interlakes Area United Way Corp 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: $9,428
For more financial information, click here
What is the mission statement of Interlakes Area United Way Corp?
The Interlakes Area United Way Corp serves as a facilitator, managing financial and volunteer resources for various non-profit agencies and programs in southeastern South Dakota. Their mission is centered around this coordination role, aiming to support these organizations in their efforts to make a positive impact in their communities. In 2021, the organization distributed funds to 39 such non-profits, further highlighting their commitment to this mission.
Who is the CEO of Interlakes Area United Way Corp?
Melissa Dougan is the Executive Di of Interlakes Area United Way Corp.
What is the revenue of Interlakes Area United Way Corp?
Interlakes Area United Way Corp's revenue in 2022 was $147,042.
Who are the executives of Interlakes Area United Way Corp and what are their salaries?
The average compensation at Interlakes Area United Way Corp during 2022 was $4,714. There are 2 employees and 40 volunteers at Interlakes Area United Way Corp.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Interlakes Area United Way Corp?
Interlakes Area United Way Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Interlakes Area United Way Corp
Interlakes Area United Way Corp serves as a coordinating body, channeling financial and volunteer resources towards various non-profit agencies and programs in southeastern South Dakota. Its mission is to facilitate this coordination, ensuring that these organizations have the necessary support to carry out their activities effectively. By doing so, Interlakes Area United Way Corp contributes to the overall well-being of the communities they serve, enabling these non-profits to make a significant impact in people's lives. In 2021, the organization showed its commitment to this mission by distributing monetary grants to 39 different non-profit entities, further demonstrating its role as a vital partner in the region's social sector.
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Impact
October, 2024
Interlakes Area United Way Corp plays a vital role in enhancing community well-being in southeastern South Dakota by mobilizing financial and volunteer resources for local initiatives. In 2021 alone, the organization awarded funds to 39 different non-profits, empowering them to address various community needs. This coordination helps to streamline support for programs that make a significant impact on the lives of individuals and families, fostering a collaborative spirit among agencies. By enhancing the capacity of these non-profits, Interlakes Area United Way contributes to strengthening the social fabric of the Madison area and beyond, promoting philanthropy and volunteerism as cornerstones of community development.
This information is meant to be a general summary of Interlakes Area United Way Corp. 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: $60
- Gross Receipts: $176,194
Assets and Liabilities:
- Total Assets: $145,577
- Total Liabilities: $0
- Net Assets: $145,577
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Organization Details
Phone
(605) 256-4747Principal Officer
Melissa Dougan
Main Address
PO BOX 132, MADISON, SD, 57042
NTEE Category
Code: T70Z - Philanthropy
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