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United Way of Central Iowa's Core Values include Integrity, and that means we want to be transparent to ensure the community can easily review our policies and finances. The following information is updated quarterly.

 

Documentation

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Below you will find an overview of our financial activities for the fiscal year ended June 30, 2019. This information is designed to focus on current year activities and changes year-over-year. This overview should be read in conjunction with the financial statements below, as well as our audited financial statements.

 


Financial Highlights

Overall for fiscal year 2019, which ran July 1, 2018-June 30, 2019, United Way of Central Iowa (UWCI) had a strategic decrease in net assets - prior to other activity - of $207,786. This is a change year-over-year of $203,291. Please see below for drivers of such change.

  • Revenue:
    • Campaign Contributions-Net revenue decreased by $521,617 mainly due to a periodic large gift from an anonymous donor received in prior year. This decrease was partially offset by campaigns outperforming prior year.
    • Grants, Sponsorships, and Other Non-Campaign Contribution revenue increased by $541,056 due to the receipt of new grants and sponsorships.
    • Investment Income revenue increased by $293,606 due to increased interest rates and market fluctuations.
    • In total, Total Revenue increased by $279,789.
  • Expense:
    • Community Investments and Services increased by $509,873. This increase was due to expenses incurred as part of new grant and sponsorship funding and the strategic decision for additional funding into programs in the community.
    • In total, Total Expenses increased by $483,080.

For additional information regarding United Way of Central Iowa's financials, please see the link to our audited financial statements below.

 

 

Financials

Statement of Activities

  Fiscal Year Ending   Fiscal Year Ending 
  June 30, 2019 * June 30, 2018 *
 Revenues     
 Campaign Contributions - gross  $27,442,235 $27,535,188
 Uncollectible Contributions Allowance  (903,624) (471,415)
 Contributions - net**  $26,538,611 $27,063,773
     
 Grants, sponsorships, & other non-campaign contributions   2,629,789 2,088,733
 Investment Income  375,076 77,924
 Other  285,082 318,338
 Total Revenue  $29,828,558 $29,548,768
     
 Expenses     
 Community Investments and Services  20,378,107 19,868,234
 Donor-Directed Contributions**  6,081,050 6,117,457
Administration and Fundraising  3,577,187 3,567,573
 Total Expenses  $30,036,344 $29,553,264
     
 Change in Net Assets before Other Activity  (207,786) (4,496)
 Increase (Decrease) Restricted Grant, Sponsorships, & Other Non-Campaign Contributions  (10,145) 382,752
 Increase/(Decrease) Endowment balance***  421,117 671,127
 Change in Net Assets after Other Activity  $203,186 $1,049,384
     

* To view the June 30, 2019 Financial Audit, CLICK HERE. To view the June 30, 2019 I.R.S. Form 990, CLICK HERE.

** To provide financial stability for the organization, the governing board established a guideline range for unrestricted net assets after designation. The range is based on three to six months of budgeted program and operating expenses for the next fiscal year. For 2018 the range was approximately $6,031,000 to $12,062,000. For 2019 the range was approximately $6,287,000 to $12,574,000.

 

Statement of Financial Position

    
   Fiscal Year Ending   Fiscal Year Ending 
  June 30, 2019 * June 30, 2018 *
 Assets     
 Cash and Investments  $14,069,734 $12,810,176
 Contributions Receivable  8,164,804 10,077,868
 Other Receivables  1,074,270 695,139
 Land, Buildings and Equipment  2,729,574 2,430,032
 Other Assets  297,016 237,156
 Endowments  12,152,841 11,731,424
 Total Assets  $38,488,239 $37,981,795
     
 Liabilities     
 Payables to Agencies  1,217,034 1,577,162
 Other Payables  1,975,555 1,328,136
 Refundable Advances  418,085 402,119
 Total Liabilities   $3,610,674  $3,307,417
     
Net Assets     
Unrestricted - designated by governing board    
     Land, building and Equipment  $2,729,574  $2,430,032
     Endowment funds 8,362,936 8,064,567
Unrestricted after designations 12,686,011 11,385,310
Total Unrestricted  $23,778,521 $21,879,909
Temporarily Restricted  7,552,019 9,411,256
Permanently Restricted  3,547,025 3,383,213
Total Net Assets $34,877,565 $34,674,378
     
Total Liabilities and Net Assets $38,488,239 $37,981,795
     

* To view the June 30, 2019 Financial Audit, CLICK HERE. To view the June 30, 2019 I.R.S. Form 990, CLICK HERE.

** To provide financial stability for the organization, the governing board established a guideline range for unrestricted net assets after designation. The range is based on three to six months of budgeted program and operating expenses for the next fiscal year. For 2018 the range was approximately $6,031,000 to $12,062,000. For 2019 the range was approximately $6,287,000 to $12,574,000.