Overview
What is United Way Of Northeast Kentucky?
United Way of Northeast Kentucky is a nonprofit organization situated in northeastern Kentucky. Its primary objective is to strengthen the community by fostering a collaborative environment for philanthropy, volunteering, and advocacy. By offering a platform for charitable and civic work, the organization aims to empower the local population. It achieves this by soliciting funds, which are then channeled towards various charitable initiatives. The organization's activities are geared towards enhancing the community's organized capacity.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
United Way of Northeast Kentucky has earned a 79% score from Charity Navigator, which reflects a strong focus on accountability and finance. The rating is solely based on the Accountability & Finance beacon, showcasing the organization's commitment to transparency and responsible financial management. The charity boasts an independent board with 100% of its members being independent, indicating a robust governance structure.
The organization has performed well in several key areas, including receiving full points for its financial statements audited by an independent entity and having no material diversions of assets. Policies for conflict of interest, whistleblower protections, and document retention are all properly established, further enhancing its accountability credentials. Additionally, the liabilities to assets ratio is low at 0.79%, demonstrating prudent financial practices.
However, the Program Expense Ratio is at 57.92%, which may suggest that a portion of its budget is allocated to administration rather than direct programmatic expenses. This could be a point of concern for donors who prefer a higher percentage of funds to be spent directly on programs and services. Overall, United Way of Northeast Kentucky shows a solid foundation in financial governance, while there may be room for improvement in enhancing its program spending ratio.
This AI summary has been generated from information found on Charity Navigator.
Is United Way Of Northeast Kentucky legitimate?
United Way Of Northeast Kentucky is a legitimate nonprofit organization registered as a 501(c)(3) entity. United Way Of Northeast Kentucky 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $162,340
For more financial information, click here
What is the mission statement of United Way Of Northeast Kentucky?
United Way of Northeast Kentucky strives to enhance the collective power of its community by establishing a platform for philanthropic contributions, volunteer work, and advocacy. Their primary goal is to strengthen the organized capacity of the people in northeastern Kentucky, empowering them to make a significant impact. By soliciting funds for charitable and civic projects, they aim to contribute to the betterment of their community.
Who is the CEO of United Way Of Northeast Kentucky?
Marshall Tyson is the Board Of Dir of United Way Of Northeast Kentucky.
What is the revenue of United Way Of Northeast Kentucky?
United Way Of Northeast Kentucky's revenue in 2022 was $510,773.
Who are the executives of United Way Of Northeast Kentucky and what are their salaries?
The average compensation at United Way Of Northeast Kentucky during 2022 was $40,585. There are 4 employees and 165 volunteers at United Way Of Northeast Kentucky.
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Where can I find the form 990 for United Way Of Northeast Kentucky?
United Way Of Northeast Kentucky's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of United Way Of Northeast Kentucky
United Way of Northeastern Kentucky is committed to enhancing the collective power of the region's residents by establishing a robust platform for philanthropic contributions, volunteer work, and advocacy. This organization's mission is geared towards empowering the community by soliciting funds for charitable and civic projects. By providing this platform, United Way of Northeastern Kentucky aims to boost the organized capacity of the region's population, fostering an environment where individuals can collaborate and make a significant impact in their communities.
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Impact
July, 2024
United Way of Northeast Kentucky works to increase the organized capacity of the people of northeastern Kentucky by providing a platform for philanthropic giving, volunteerism, and advocacy to empower the community. Through its efforts, United Way of Northeast Kentucky has made a significant impact by mobilizing resources to support charitable and civic work in Ashland, KY. Its focus on philanthropy has enabled the organization to address critical social issues and make a positive difference in the lives of individuals and families in the region.
This information is meant to be a general summary of United Way Of Northeast Kentucky. 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: $25,647
- Gross Receipts: $1,268,284
Assets and Liabilities:
- Total Assets: $1,790,518
- Total Liabilities: $14,207
- Net Assets: $1,776,311
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Organization Details
Founding Year
1936
Phone
(606) 325-1810Principal Officer
Marshall Tyson
Main Address
PO BOX 2285, ASHLAND, KY, 411052285
NTEE Category
Code: T70 - Philanthropy
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