Overview
What is United Way Of Middle Tennessee Inc?
United Way of Middle Tennessee Inc is a nonprofit organization based in Nashville, Tennessee, with a mission to unite the community and mobilize resources, ensuring every child, individual, and family thrives. They provide funding support to 102 nonprofit agencies in Davison, Williamson, Robertson, Cheatham, and Hickman Counties, Tennessee. Their Community Impact Funding Program focuses on three areas: education, financial stability, and health. In the education sector, they help pre-K children become kindergarten ready through the Read to Succeed early literacy program. In financial stability, they offer free tax preparation services, generating over $12 million in tax refunds and EITC credits for 8,893 families. Lastly, in health, they improve physical or mental health for over 8,700 individuals through various programs, such as physical activity, case management, and chronic disease self-management. United Way of Greater Nashville employs 99 individuals in their mission to create measurable changes in behavior or condition for over 116,000 low-income, vulnerable children and adults.
Official website here: www.unitedwaynashville.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The United Way of Middle Tennessee Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its exceptional performance in accountability and finance. The organization has maintained a perfect score of 100% across various accountability metrics, demonstrating strong governance practices, including a fully independent board and comprehensive financial oversight. This high rating signifies a commitment to transparency and ethical operation.
Strengths of the organization include its very high program expense ratio of 90.88%, indicating that a significant portion of its funding is directed towards its programs rather than administrative costs. Additionally, the fundraising efficiency ratio of $0.05 shows that the charity is able to raise funds very effectively, ensuring that minimal costs are incurred in the process of fundraising. These factors contribute to a strong financial foundation and showcase the organization's dedication to maximizing its impact within the community.
While the data does not highlight any significant limitations, the overall strong performance across multiple financial metrics suggests that the United Way of Middle Tennessee Inc is well-positioned to continue its mission effectively. The absence of material diversions of assets and a solid working capital ratio further indicate the organization's stability and reliability in fulfilling its objectives.
This AI summary has been generated from information found on Charity Navigator.
Is United Way Of Middle Tennessee Inc legitimate?
United Way Of Middle Tennessee Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. United Way Of Middle Tennessee 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: $1,248,392
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,568,042
For more financial information, click here
Official website here: www.unitedwaynashville.org
What is the mission statement of United Way Of Middle Tennessee Inc?
United Way of Middle Tennessee Inc works to unite the community and mobilize resources, ensuring every child, individual, and family thrives. Through their Community Impact Funding Program, they support 102 local nonprofit agencies, bringing about measurable improvements in the areas of education, financial stability, and health for over 116,000 vulnerable children and adults. Notable accomplishments include 95% of pre-K children enrolled in the Read to Succeed early literacy program assessed as kindergarten ready, 8,893 families benefiting from free tax preparation and receiving over $12 million in tax refunds and credits, and over 8,700 individuals experiencing improved physical or mental health through physical activity, case management, or chronic disease self-management.
Official website here: www.unitedwaynashville.org
Who is the CEO of United Way Of Middle Tennessee Inc?
Summor Pennington is the Trustee of United Way Of Middle Tennessee Inc. The CEO's salary of United Way Of Middle Tennessee Inc is $415,749 and their total compensation is $490,268.
Official website here: www.unitedwaynashville.org
What is the revenue of United Way Of Middle Tennessee Inc?
United Way Of Middle Tennessee Inc's revenue in 2022 was $43,208,497.
Official website here: www.unitedwaynashville.org
Who are the executives of United Way Of Middle Tennessee Inc and what are their salaries?
The average compensation at United Way Of Middle Tennessee Inc during 2022 was $58,752. There are 99 employees and 3900 volunteers at United Way Of Middle Tennessee Inc.
Here are 50 key members and their salaries (United Way Of Middle Tennessee Inc's CEO's salary is $415,749 and their total compensation is $490,268):
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Official website here: www.unitedwaynashville.org
Where can I find the form 990 for United Way Of Middle Tennessee Inc?
United Way Of Middle Tennessee Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.unitedwaynashville.org
Learn more at the official website: www.unitedwaynashville.org
Mission Statement of United Way Of Middle Tennessee Inc
United Way of Middle Tennessee, a community-uniting organization, works towards bringing together resources and mobilizing them to help every child, individual, and family thrive. In simpler terms, this nonprofit brings people together to make a difference in the lives of those who need it most.
The United Way's mission is multifaceted, aiming to create lasting changes in the areas of education, financial stability, and health. In the realm of education, the organization supports over 116,000 vulnerable children and adults by fostering measurable improvements in behavior or condition. An example of this can be seen in the Read to Succeed early literacy program, which assesses 95% of pre-K children as kindergarten ready.
In terms of financial stability, the United Way provides essential services that benefit 8,893 families. These offerings include free tax preparation, leading to over $12 million in tax refunds and EITC credits. By focusing on financial stability, this nonprofit helps families overcome obstacles and build a foundation for a better future.
Lastly, the United Way's efforts in the health sector aim to improve the physical or mental well-being of more than 8,700 individuals. Through various programs, these individuals receive support in the form of physical activity, case management, or chronic disease self-management. By addressing these critical areas, the United Way of Middle Tennessee is making a significant impact on the lives of those it serves.
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Impact
October, 2024
United Way of Middle Tennessee Inc. has a profound impact on the region by addressing critical needs in education, financial stability, and health for low-income and vulnerable populations. Through its Community Impact Funding program, it supports 102 local agencies in Davidson, Williamson, Robertson, Cheatham, and Hickman counties, positively influencing the lives of over 116,000 individuals and families.
In education, the organization has achieved remarkable outcomes, with 95% of children enrolled in the Read to Succeed Early Literacy Program deemed kindergarten-ready. This early intervention is crucial for fostering lifelong learning and academic success.
Financially, nearly 8,900 families benefited from free tax preparation services, which resulted in more than $12 million returned in tax refunds and Earned Income Tax Credits (EITC). This support not only alleviates financial strain but also empowers families to achieve greater economic stability.
On the health front, over 8,700 individuals have enhanced their physical or mental well-being through various support programs, including physical activity initiatives, case management, and chronic disease self-management. This focus on health is essential for helping individuals lead healthier, more productive lives.
Overall, United Way of Middle Tennessee Inc. effectively mobilizes community resources, ensuring that children, individuals, and families have the tools and support they need to thrive.
This information is meant to be a general summary of United Way Of Middle Tennessee 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: -$518,633
- Program Service Revenue: $276,598
- Gross Receipts: $80,624,383
Assets and Liabilities:
- Total Assets: $65,106,220
- Total Liabilities: $12,566,162
- Net Assets: $52,540,058
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DESIGNATION SERVICE FE
Revenue
$276,598
Organization Details
Founding Year
1954
Phone
(615) 255-8501Principal Officer
Summor Pennington
Main Address
250 VENTURE CIRCLE, NASHVILLE, TN, 37228
Website
www.unitedwaynashville.orgNTEE Category
Code: T70 - Philanthropy
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