Overview
What is United Way Of Laredo Inc?
United Way of Laredo Inc, situated in Laredo, Texas at 1815 E Hillside Road, is a nonprofit organization with a modest workforce of three individuals. Its primary mission involves providing financial aid to other recognized 501(c)(3) organizations, specifically focusing on health, welfare, and recreational agencies. By extending this support, United Way of Laredo Inc plays a significant role in strengthening the community's social wellbeing and improving the lives of its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star Rating
United Way of Laredo Inc has achieved an impressive 92% overall score, earning it a Four-Star rating. This high score reflects strong accountability and financial health, with a notable 90% rating in these areas. The organization demonstrates a commitment to transparency through its independent board, with all members being independent and a robust audit and oversight committee in place.
Significant strengths include a high program expense ratio of 94.73%, indicating that a substantial portion of funds is directed toward its programs rather than administrative costs. The organization also maintains a strong conflict of interest policy, whistleblower policy, and practices diligent document retention. Its liabilities to assets ratio is favorable at 37.26%, suggesting sound financial management.
However, the organization received a lower score of 75% in the Culture & Community category, indicating there may be areas for improvement in community engagement or organizational culture. Overall, United Way of Laredo Inc appears to be a well-managed nonprofit that effectively allocates resources towards its mission, with opportunities to enhance its community impact.
This AI summary has been generated from information found on Charity Navigator.
Is United Way Of Laredo Inc legitimate?
United Way Of Laredo Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. United Way Of Laredo 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:
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Other Salaries and Wages: $104,257
For more financial information, click here
What is the mission statement of United Way Of Laredo Inc?
United Way of Laredo Inc's mission is centered around providing financial aid to various 501(c)(3) organizations. This support extends to accepted entities working in the sectors of health, welfare, and recreation. The organization's primary goal is to contribute financially to these organizations, thereby contributing to their respective missions and services. The support provided by United Way of Laredo Inc aims to positively impact the communities and individuals these organizations serve.
Who is the CEO of United Way Of Laredo Inc?
Jorge Leal is the President of United Way Of Laredo Inc.
What is the revenue of United Way Of Laredo Inc?
United Way Of Laredo Inc's revenue in 2022 was $941,796.
Who are the executives of United Way Of Laredo Inc and what are their salaries?
The average compensation at United Way Of Laredo Inc during 2022 was $34,752. There are 3 employees at United Way Of Laredo Inc.
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Where can I find the form 990 for United Way Of Laredo Inc?
United Way Of Laredo Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of United Way Of Laredo Inc
United Way of Laredo Inc is dedicated to providing financial assistance to various 501(c)(3) organizations. This nonprofit organization focuses its mission on offering support to accepted health, welfare, and recreational agencies. By doing so, United Way of Laredo Inc aims to contribute positively to the communities it serves, ensuring that these organizations can continue their vital work in improving the lives of those in need. The nonprofit's primary role is to provide financial backing, thereby enabling these organizations to carry out their respective missions effectively.
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Impact
July, 2024
United Way of Laredo Inc provides crucial financial support to various 501(c)(3) organizations in the city, including those focusing on health, welfare, and recreational activities. By channeling funds to these accepted agencies, United Way of Laredo Inc plays a significant role in improving the well-being and quality of life for individuals and communities in Laredo, Texas. This philanthropic organization's impact is felt through its efforts to support and uplift those in need through its funding initiatives.
This information is meant to be a general summary of United Way Of Laredo 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: $8,152
- Gross Receipts: $941,796
Assets and Liabilities:
- Total Assets: $3,030,393
- Total Liabilities: $1,129,210
- Net Assets: $1,901,183
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Organization Details
Phone
(956) 723-9113Principal Officer
Jorge Leal
Main Address
1815 E Hillside Road, Laredo, TX, 78041
NTEE Category
Code: T70Z - Philanthropy
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