220623_MA_Membership-Requirements-Logo_22_72 (003)

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 reviewed and updated quarterly.


Documentation

 


Financial Highlights

Below you will find an overview of our financial activities for the fiscal year ended June 30, 2021. 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.

Overall for fiscal year 2021, which ran July 1, 2020 to June 30, 2021, United Way of Central Iowa (UWCI) had a strategic decrease in net assets - prior to other activity - of $758,775. The change year-over-year is ($2,793,752). Please see below for drivers of such change.

Revenue:

  • Campaign Contributions-Net revenue decreased by $4,282,532 mainly due to a periodic large gift from an anonymous donor received in prior year, a large reduction in a corporate partners match, and a reduction in overall giving due to COVID.
  • Grants, Sponsorships, and Other Non-Campaign Contribution revenue increased by $841,980 due to the receipt of new grants and sponsorships.
  • Investment Income revenue decreased by $184,167 due to decreased interest rates and market fluctuations.
  • Other Revenue increased by $830,967 mainly due to the forgiveness of the organization’s Paycheck Protection Program (PPP) loan.
  • In total, Total Revenue decreased by $2,793,752.

Expense:

  • Community Investments and Services increased by $1,642,818. This increase was due to expenses incurred as part of new grant and sponsorship funding and the strategic decision to increase funding into the community for COVID-19 support. 
  • Donor Directed Contributions decreased by $1,808,883 mainly due to the receipt of a large gift from an anonymous donor in prior year as well as a decrease in designations as a result of the overall giving decrease mentioned above. 
  • In total, Total Expenses decreased by $275,741. 

 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, 2021* June 30, 2020*
 Revenues     
 Campaign Contributions - gross  $25,629,169 $29,869,186
 Uncollectible Contributions Allowance  (387,980) (345,465)
 Contributions - net**  25,241,189 29,523,721
     
 Grants, sponsorships, & other non-campaign contributions   3,691,498 2,849,518
 Investment Income  45,681 229,848
 Other  1,122,867 291,900
 Total Revenue  $30,101,235 $32,894,987
     
 Expenses     
 Community Investments and Services  $22,412,551 $20,769,733
 Donor-Directed Contributions**  4,962,009 6,770,892
Administration and Fundraising  3,485,450 3,595,126
 Total Expenses  $30,860,010 $31,135,751
     
 Change in Net Assets before Other Activity  (758,775) 1,759,236
 Increase (Decrease) Restricted Grant, Sponsorships, & Other Non-Campaign Contributions  13,624 53,687
 Increase/(Decrease) Endowment balance***  2,970,344 (148,544)
 Change in Net Assets after Other Activity  $2,225,193 $1,664,379
     

* Click the following links to download a PDF of the June 30, 2021 Financial Audit and the June 30,2021 I.R.S. Form 990.

** For audited financial reporting purposes donor-directed contributions are not included in expenses but are charged against contributions.

*** In audited financial reports new endowment contributions are a component of Grants, Sponsorships, and Other Non-Campaign Contributions. The total change in beneficial interest is a separate line in the revenue section of the Statement of Activities.

 

Statement of Financial Position

   Fiscal Year Ending   Fiscal Year Ending 
  June 30, 2021* June 30, 2020*
 Assets     
 Cash and Investments  $16,783,433 $16,644,789
 Contributions Receivable  6,221,457 8,401,773
 Other Receivables  1,068,330 865,395
 Land, Buildings and Equipment  2,600,256 2,685,594
 Other Assets  283,238 274,001
 Endowments  14,974,642 12,004,298
 Total Assets  $41,931,356 $40,875,850
     
 Liabilities     
 Payables to Agencies  $844,711 1,169,003
 Other Payables  1,837,640 2,720,354
 Refundable Advances  481,872 444,550
 Total Liabilities   $3,164,223  $4,333,907
     
Net Assets     
Unrestricted - designated by governing board    
     Land, building and Equipment $2,600,256  $2,685,594
     Endowment funds 10,377,908 8,336,938
     United to Thrive Transition Funding 2,173,216  
Unrestricted after designations 13,325,044 14,515,915
Total Unrestricted  $28,476,424 $25,538,447
Temporarily Restricted  6,695,734 7,424,556
Permanently Restricted  3,594,975 3,578,940
Total Net Assets $38,767,133 $36,541,943
     
Total Liabilities and Net Assets $41,931,356 $40,875,850
     

* Click the following links to download a PDF of the June 30, 2021 Financial Audit and the June 30,2021 I.R.S. Form 990.

** 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 2020 the range was approximately $6,197,000 to $12,394,000. For 2021 the range was approximately $6,107,000 to $12,214,000.