United Way Foundation Of Indian River County Inc
- Assets
- $5.6m
- Revenue
- $373.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Vero Beach, FL
- Founding
- 02/2012
- Data as of
- 06/2023
- EIN
- 27-4180892
Organization Overview
United Way Foundation Of Indian River County Inc is located in Vero Beach, FL. The organization was established in 2012. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Way Foundation Of Indian River County 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 06/2023, United Way Foundation Of Indian River County Inc generated $373.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.8%) each year. All expenses for the organization totaled $246.0k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE UNITED WAY FOUNDATION IS SOLELY FOCUSED ON BUILDING A PERMANENT ENDOWMENT TO FOREVER SUPPORT THE WORK OF THE UNITED WAY OF INDIAN RIVER COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNITED WAY FOUNDATION OF INDIAN RIVER COUNTY IS COMMITTED TO BUILDING AN ENDOWMENT THAT WILL EXTEND UNITED WAY'S REACH BY FOREVER GENERATING FUNDS IN SUPPORT OF UNITED WAY'S WORK HERE IN OUR COMMUNITY. LONG-TERM IN SCOPE, THE FOUNDATION AFFORDS DONORS THE OPPORTUNITY TO LEAVE A LEGACY AND SHAPE THE FUTURE OF INDIAN RIVER COUNTY BY EXTENDING THEIR SUPPORT OF OUR LOCAL UNITED WAY BEYOND THEIR LIFETIME PRIMARILY THROUGH MAJOR GIFTS, BEQUESTS AND OTHER PLANNED GIFTS. THE ENDOWMENT IS COMPRISED OF TWO FUNDS: AN ANNUAL CAMPAIGN ENDOWMENT FUND AND A GENERAL ENDOWMENT FUND. THE ANNUAL CAMPAIGN ENDOWMENT FUND EMPLOYS A FORMULA TO ASSIST DONORS IN PERPETUATING, OR ENDOWING, THEIR GIFT TO THE ANNUAL CAMPAIGN AS MEMBERS OF THE LEADERSHIP LEGACY CIRCLE OR TOCQUEVILLE LEGACY CIRCLE. MORE NARROW IN FOCUS, THESE THOUGHTFUL LEGACY GIFTS WILL ONLY BE USED TO SUPPORT THE CRITICALLY IMPORTANT HEALTH AND HUMAN SERVICES PROGRAMS FUNDED BY THE UNITED WAY. GIFTS OF ANY SIZE CAN BE DIRECTED TO THE GENERAL ENDOWMENT FUND TO SUPPORT MORE BROADLY ALL OF THE IMPORTANT ROLES UNITED WAY PLAYS IN OUR COMMUNITY, INCLUDING, BUT NOT LIMITED TO; FUNDING FOR PARTNER AGENCIES, DISASTER RELIEF, EMERGENCY/CRISIS & SPECIAL PROJECTS GRANTS, UNITED WAY PROGRAMS, INITIATIVES AND SERVICES.
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 |
|---|---|---|---|
Meredith Egan CEO | Officer | 2 | $0 |
Alex Batt Board Member | Trustee | 1 | $0 |
Clay Price CPA Cff Board Member | Trustee | 1 | $0 |
Chris Hill Board Member | Trustee | 1 | $0 |
Stuart Hirstein Board Member | Trustee | 1 | $0 |
Jay Knoll Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $147,000 |
| 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 | $147,000 |
| Total Program Service Revenue | $0 |
| Investment income | $207,409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,713 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $373,122 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $152,126 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,227 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,500 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,949 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,804 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,325 |
| Office expenses | $632 |
| Information technology | $648 |
| Royalties | $0 |
| Occupancy | $4,800 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $386 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52 |
| Insurance | $3,073 |
| All other expenses | $0 |
| Total functional expenses | $245,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $125,000 |
| 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 | $0 |
| Investments—publicly traded securities | $5,439,977 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,564,977 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $229,110 |
| Total liabilities | $229,110 |
| Net assets without donor restrictions | $2,874,458 |
| Net assets with donor restrictions | $2,461,409 |
| 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 | $5,564,977 |