Valley United Way Incorporated
- Assets
- $662.5k
- Revenue
- $718.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Shelton, CT
- Founding
- 10/1968
- Data as of
- 06/2023
- EIN
- 06-0847098
Organization Overview
Valley United Way Incorporated is located in Shelton, CT. The organization was established in 1968. 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 06/2023, Valley United Way Incorporated employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley United Way Incorporated 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 06/2023, Valley United Way Incorporated generated $718.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $647.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Valley United Way Incorporated has awarded 120 individual grants totaling $2,636,522. 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 IMPROVE LIVES BY MOBILIZING THE CARING POWER OF OUR COMMUNITY THROUGH PHILANTHROPY, VOLUNTEERISM, AND COLLABORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE DESCRIPTION ON SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Stockla Board Chair | OfficerTrustee | 2 | $0 |
Gregory P Destefano Treasurer | OfficerTrustee | 2 | $0 |
Dominick Thomas Secretary | OfficerTrustee | 2 | $0 |
Patrick Charmel Director | Trustee | 2 | $0 |
Joy Demarchis Director | Trustee | 2 | $0 |
Cheryl Amicone Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $585,830 |
| Membership dues | $0 |
| Fundraising events | $45,650 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,776 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $718,256 |
| Total Program Service Revenue | $0 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$309 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $717,952 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $290,785 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $28,635 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,067 |
| Pension plan accruals and contributions | $4,201 |
| Other employee benefits | $8,457 |
| Payroll taxes | $11,142 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,720 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,154 |
| Advertising and promotion | $0 |
| Office expenses | $12,983 |
| Information technology | $22,196 |
| Royalties | $0 |
| Occupancy | $16,123 |
| Travel | $959 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $840 |
| Interest | $0 |
| Payments to affiliates | $8,489 |
| Depreciation, depletion, and amortization | $8,288 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $647,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $520,898 |
| Savings and temporary cash investments | $10,259 |
| Pledges and grants receivable | $71,026 |
| Accounts receivable, net | $18,370 |
| 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 | $9,390 |
| Net Land, buildings, and equipment | $32,537 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $662,480 |
| Accounts payable and accrued expenses | $51,306 |
| Grants payable | $0 |
| Deferred revenue | $51,689 |
| 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 | $77,367 |
| Total liabilities | $180,362 |
| Net assets without donor restrictions | $482,118 |
| Net assets with donor restrictions | $0 |
| 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 | $662,480 |
Grants Awarded
Over the last fiscal year, Valley United Way Incorporated has awarded $245,060 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BHCARE - CENTER FOR DOMESTIC VIOLENCE SERVICES PURPOSE: PROVIDE FUNDS FOR LOCAL COMMUNITY PROGRAMS | $19,200 |
AREA CONGREGATIONS TOGETHER PURPOSE: PROVIDE FUNDS FOR LOCAL COMMUNITY PROGRAMS | $22,181 |
BOYS AND GIRLS CLUB OF THE LNV PURPOSE: PROVIDE FUNDS FOR LOCAL COMMUNITY PROGRAMS | $67,145 |
BSAHOUSATONIC COUNCIL PURPOSE: PROVIDE FUNDS FOR LOCAL COMMUNITY PROGRAMS | $22,100 |
CATHOLIC CHARITIES - FAMILY SERVICE CENTER PURPOSE: PROVIDE FUNDS FOR LOCAL COMMUNITY PROGRAMS | $9,619 |
CHRISTIAN COUNSELING & FAMILY LIFE CENTER PURPOSE: PROVIDE FUNDS FOR LOCAL COMMUNITY PROGRAMS | $7,700 |