United Way Of Milford Inc
- Assets
- $581.4k
- Revenue
- $424.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Milford, CT
- Founding
- 03/1971
- Data as of
- 12/2023
- EIN
- 06-0724409
Organization Overview
United Way Of Milford Inc is located in Milford, CT. The organization was established in 1971. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, United Way Of Milford Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Way Of Milford Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, United Way Of Milford Inc generated $424.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $581.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, United Way Of Milford Inc has awarded 129 individual grants totaling $3,355,766. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS THROUGH AN ANNUAL CAMPAIGN FOR DISTRIBUTION TO AREA NONPROFIT AGENCIES FOR HUMAN SERVICE NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNITED WAY OF MILFORD INC FUNDS LOCAL NON-PROFIT ORGANIZATIONS INVOLVED IN HUMAN SERVICE ACTIVITIES IN THE COMMUNITY.
UNITED WAY OF MILFORD INC FUNDS LOCAL NON-PROFIT ORGANIZATIONS INVOLVED IN HUMAN SERVICE ACTIVITIES IN THE COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Berman President | 40 | $112,000 | |
Kathy Bonetti President | Officer | 40 | $50,000 |
Anthony Candido Director | Trustee | $0 | |
Diane Candido Director | Trustee | $0 | |
Dr Philip Caporusso Director | Trustee | $0 | |
Wanda Carlson Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $288,450 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $288,450 |
| Total Program Service Revenue | $0 |
| Investment income | $10,408 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $57,588 |
| Net Income from Fundraising Events | $67,375 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $424,424 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $226,722 |
| Grants and other assistance to domestic individuals. | $2,985 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $218,430 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,301 |
| Payroll taxes | $18,279 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,023 |
| Advertising and promotion | $0 |
| Office expenses | $14,375 |
| Information technology | $9,576 |
| Royalties | $0 |
| Occupancy | $40,960 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,346 |
| Insurance | $7,817 |
| All other expenses | $0 |
| Total functional expenses | $581,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,639 |
| Pledges and grants receivable | $155,505 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $135,058 |
| Investments—publicly traded securities | $279,172 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $581,374 |
| Accounts payable and accrued expenses | $21,019 |
| Grants payable | $20,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $41,019 |
| Net assets without donor restrictions | $539,203 |
| Net assets with donor restrictions | $1,152 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $581,374 |
Grants Awarded
Over the last fiscal year, United Way Of Milford Inc has awarded $222,222 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
MILFORD PREVENTION COUNCIL | | | $9,000 |
BOYS & GIRLS CLUB OF MILFORD | | | $16,200 |
GIRL SCOUTS OF CONNECTICUT | | | $6,750 |
INFO-LINE | | | $7,722 |
HAROLD E WOODRUFF FAM YMCA | | | $20,250 |
GOOD SHEPHERD CHILD DEV CTR | | | $24,750 |