
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 | 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 HERE to review the June 30, 2020 Financial Audit. The June 30, 2020 I.R.S. Form 990 will be made available here when it is filed. If you want to review the prior year June 30, 2019 I.R.S. Form 990, CLICK HERE. ** 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.
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Statement of Financial Position |
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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 HERE to review the June 30, 2020 Financial Audit. The June 30, 2020 I.R.S. Form 990 will be made available here when it is filed. If you want to review the prior year 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 andoperating 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. |