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
- Whistle Blower Policy
- Donor Directed Policy
- Donor Privacy Policy
- Credit Card Payment Policy
- 2020 Form 990
- Charity Navigator
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.
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Statement of Financial Position |
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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. |