Overview
What is Mile High United Way Inc?
Mile High United Way Inc is a Denver-based nonprofit organization with a mission to unite people, ideas, and resources to advance the common good. Their vision aims to create better opportunities for all in the metro Denver community. Through community partnerships and impact investments, they have distributed over 10.8 million dollars to nonprofit agencies, focusing on four interconnected initiatives: Giving All Children a Strong Start, Reading Matters, Developing Tomorrow's Talent, and Creating Economic Opportunity for All. The initiatives aim to ensure children are ready for school and reading at grade level or beyond by the end of third grade, develop youth's readiness to transition to college, advanced training, or the workplace, and ensure individuals and families have the opportunity to move toward economic success. In collaboration with the City and County of Denver, they have supported over 320 small businesses through grants worth 4.1 million dollars to help them realize their growth potential.
Official website here: www.unitedwaydenver.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Mile High United Way Inc has achieved a prestigious Four-Star rating from Charity Navigator, reflecting excellence in accountability and finance. This rating signifies a high level of transparency and reliability, with all assessment criteria met or exceeded. The organization showcases a strong commitment to governance, with a fully independent board and robust audit practices.
Strengths highlighted in the evaluation include a very high program expense ratio of 87.65%, indicating that a significant portion of its spending directly supports its programs. Additionally, the fundraising efficiency is commendable, with only $0.11 spent to raise $1, ensuring that donor contributions are utilized effectively. The organization also holds a low liabilities to assets ratio of 5.25%, further demonstrating its financial stability.
While the data provides a comprehensive overview of the organization's strengths, there are no noted limitations or concerns in the information available. This solid financial foundation and governance structure positions Mile High United Way Inc as a trustworthy choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Mile High United Way Inc legitimate?
Mile High United Way Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mile High 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: $569,926
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,294,197
For more financial information, click here
Official website here: www.unitedwaydenver.org
What is the mission statement of Mile High United Way Inc?
Mile High United Way is a community-driven organization with a mission to bring together people, ideas, and resources to advance the common good. Their vision is to create opportunities for all, fostering a community united in support. The organization tackles complex issues in metro Denver by harnessing the collective power of the community. Mile High United Way focuses its efforts on four key initiatives: ensuring children get a strong start in life, promoting literacy, developing the talents of the next generation, and creating economic opportunities for all. Through these initiatives, the organization strives to make a lasting impact on the lives of individuals and families in need.
Official website here: www.unitedwaydenver.org
Who is the CEO of Mile High United Way Inc?
Christine Benero is the Ceo of Mile High United Way Inc. The CEO's salary of Mile High United Way Inc is $366,790 and their total compensation is $393,681.
Official website here: www.unitedwaydenver.org
What is the revenue of Mile High United Way Inc?
Mile High United Way Inc's revenue in 2023 was $32,551,577.
Official website here: www.unitedwaydenver.org
Who are the executives of Mile High United Way Inc and what are their salaries?
The average compensation at Mile High United Way Inc during 2023 was $45,880. There are 215 employees and 900 volunteers at Mile High United Way Inc.
Here are 58 key members and their salaries (Mile High United Way Inc's CEO's salary is $366,790 and their total compensation is $393,681):
- Compensation: $366,790
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- Other: $26,891
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Official website here: www.unitedwaydenver.org
Where can I find the form 990 for Mile High United Way Inc?
Mile High United Way Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.unitedwaydenver.org
Learn more at the official website: www.unitedwaydenver.org
Mission Statement of Mile High United Way Inc
Mile High United Way, a dynamic organization with a noble mission, aims to bring together individuals, ideas, and resources to foster community good. This Colorado-based nonprofit envisions a community where opportunities abound for everyone. With a comprehensive approach, Mile High United Way tackles the intricate challenges confronting the metropolitan Denver area by harnessing the collective power of the community.
The core initiatives of Mile High United Way center around four essential areas. First, they strive to provide all children with a strong foundation for success by ensuring they have access to quality education and essential resources. Next, they emphasize the importance of literacy and reading skills, recognizing their pivotal role in enabling individuals to thrive throughout their lives. The third initiative focuses on nurturing the talents of tomorrow by investing in youth development programs and educational opportunities. Lastly, they work towards creating economic opportunities for all, striving to uplift individuals and families from poverty and foster financial stability. Through these initiatives, Mile High United Way makes a significant impact on the lives of countless individuals and families, improving their overall well-being and positioning them for a brighter future.
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Impact
October, 2024
Mile High United Way Inc significantly impacts the Denver community through its focused initiatives aimed at fostering a brighter future for all residents. By distributing $10.8 million through community partnerships and impact investments, it supports agencies that enhance the lives of individuals and families.
The initiatives—Giving All Children a Strong Start, Reading Matters, Developing Tomorrow's Talent, and Creating Economic Opportunity for All—are integral to this effort. They ensure that children enter school prepared, achieve reading proficiency by third grade, and that youth graduate high school with viable paths toward higher education or careers.
Moreover, by collaborating with the City and County of Denver, the organization has allocated $4.1 million in grants to 320 small businesses, aiding them in realizing their growth potential. This multi-faceted approach not only empowers individuals but also strengthens the community as a whole, creating better opportunities and fostering economic success. Through uniting people, ideas, and resources, Mile High United Way Inc is committed to advancing the common good and addressing the complex challenges faced in the metro Denver area.
This information is meant to be a general summary of Mile High 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 2023.
- Investment Income: $2,052,855
- Program Service Revenue: $3,776,638
- Gross Receipts: $44,144,509
Assets and Liabilities:
- Total Assets: $61,130,897
- Total Liabilities: $3,215,109
- Net Assets: $57,915,788
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GOVERNMENT CONTRACTS
Revenue
$3,335,651
SERVICE CONTRACTS
Revenue
$440,987
Organization Details
Founding Year
1957
Phone
(303) 433-8383Principal Officer
Christine Benero
Main Address
711 PARK AVENUE WEST, DENVER, CO, 80205
Website
www.unitedwaydenver.orgNTEE Category
Code: T700 - Philanthropy
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