MA-1219 2020 Membership Requirements Completed Icon_300ppi copy

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

Whistle Blower Policy  |   Donor Directed Policy  |  Donor Privacy Policy  |  2019 Form 990 (filed 6/30/2020) |  Charity Navigator

Below you will find an overview of our financial activities for the fiscal year ended June 30, 2020. 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 2020, which ran July 1, 2019 to June 30, 2020, United Way of Central Iowa (UWCI) had a strategic increase in net assets - prior to other activity - of $1,759,236. UWCI’s efforts were focused on strengthening our financial position as we entered fiscal year 2021 to ensure we had the ability to respond to emerging community needs as a result of COVID and despite the large anticipated decreases in our campaign. The change year-over-year is $1,967,022. Please see below for drivers of such change.

Revenue:

  • Campaign Contributions-Net revenue increased by $2,985,110 mainly due to the receipt of a periodic large gift from an anonymous donor in the current year as well as campaigns outperforming.
  • Grants, Sponsorships, and Other Non-Campaign Contribution revenue increased by $219,729 due to the receipt of new grants and sponsorships and increased spending of grant funds.
  • Investment Income revenue decreased by $145,228 due to decreased interest rates and market fluctuations.
  • In total, Total Revenue increased by $3,066,429.

Expense:

  • Community Investments and Services increased by $391,626. 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.
  • Donor Directed Contributions increased by $689,842 mainly due to the large gift from an anonymous donor mentioned above.
  • In total, Total Expenses increased by $1,099,407.

For additional information regarding UWCI’s financials, please see the link to our audited financial statements below.

 

Financials

Statement of Activities

  Fiscal Year Ending   Fiscal Year Ending 
  June 30, 2020 * June 30, 2019 *
 Revenues     
 Campaign Contributions - gross  $29,869,186 $27,442,235
 Uncollectible Contributions Allowance  (345,465) (903,624)
 Contributions - net**  29,523,721 $26,538,611
     
 Grants, sponsorships, & other non-campaign contributions   2,849,518 2,629,789
 Investment Income  229,848 375,076
 Other  291,900 285,082
 Total Revenue  $32,894,987 $29,828,558
     
 Expenses     
 Community Investments and Services  20,769,733 20,378,107
 Donor-Directed Contributions**  6,770,892 6,081,050
Administration and Fundraising  3,595,126 3,577,187
 Total Expenses  $31,135,751 $30,036,344
     
 Change in Net Assets before Other Activity  1,759,236 (207,786)
 Increase (Decrease) Restricted Grant, Sponsorships, & Other Non-Campaign Contributions  53,687 (10,145)
 Increase/(Decrease) Endowment balance***  (148,544) 421,117
 Change in Net Assets after Other Activity  $1,664,379 $203,186
     

* Click the following links to download a PDF of the June 30, 2020 Financial Audit and United Way of Central Iowa's 2019 I.R.S. Form 990 filed on June 30, 2020.

** 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, 2020 * June 30, 2019 *
 Assets     
 Cash and Investments  $16,644,789 $14,069,734
 Contributions Receivable  8,401,773 8,164,804
 Other Receivables  865,395 1,074,270
 Land, Buildings and Equipment  2,685,594 2,729,574
 Other Assets  274,001 297,016
 Endowments  12,004,298 12,152,841
 Total Assets  $40,875,850 $38,488,239
     
 Liabilities     
 Payables to Agencies  1,169,003 1,217,034
 Other Payables  2,720,354 1,975,555
 Refundable Advances  444,550 418,085
 Total Liabilities   $4,333,907  $3,610,674
     
Net Assets     
Unrestricted - designated by governing board    
     Land, building and Equipment 2,685,594  $2,729,574
     Endowment funds 8,336,938 8,362,936
Unrestricted after designations 14,515,915 12,686,011
Total Unrestricted  $25,538,447 $23,778,521
Temporarily Restricted  7,424,556 7,552,019
Permanently Restricted  3,578,940 3,547,025
Total Net Assets $36,541,943 $34,877,565
     
Total Liabilities and Net Assets $40,875,850 $38,488,239
     

* Click the following links to download a PDF of the June 30, 2020 Financial Audit and United Way of Central Iowa's 2019 I.R.S. Form 990 filed on June 30, 2020.

** 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 2019 the range was approximately $6,287,000 to $12,574,000. For 2020 the range was approximately $6,197,000 to $12,394,000.