Marshalltown Area United Way
- Assets
- $1.1m
- Revenue
- $770.7k
- Investments
- $53.9k
- Employees
- 5
- Location
- Marshalltown, IA
- Founding
- 07/1960
- Data as of
- 03/2022
- EIN
- 42-0871626
Organization Overview
Marshalltown Area United Way is located in Marshalltown, IA. The organization was established in 1960. 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 03/2022, Marshalltown Area United Way employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshalltown Area United Way 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 03/2022, Marshalltown Area United Way generated $770.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $744.0k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Marshalltown Area United Way has awarded 209 individual grants totaling $4,585,123. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
REDISTRIBUTE GENERAL PUBLIC CONTRIBUTIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNITED WAY COLLECTS CONTRIBUTIONS FROM THE PUBLIC AND REDISTRIBUTES THEM TO 24 NON-PROFIT ORGANIZATIONS IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kendra Sorensen Executive Director | Trustee | 40 | $54,617 |
Brandon Buck President | OfficerTrustee | 0 | $0 |
Nan Benson Vice President | OfficerTrustee | 0 | $0 |
Sam Upah Treasurer | OfficerTrustee | 0 | $0 |
Gail Hull Board Member | Trustee | 0 | $0 |
Matthew Brodin Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $721,044 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $721,044 |
| Total Program Service Revenue | $0 |
| Investment income | $2,478 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $126 |
| Net Income from Fundraising Events | $47,098 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $770,737 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $502,445 |
| 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. | $58,367 |
| Compensation of current officers, directors, key employees. | $21,244 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,598 |
| Pension plan accruals and contributions | $938 |
| Other employee benefits | $0 |
| Payroll taxes | $8,483 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $67,325 |
| Office expenses | $4,601 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,034 |
| Travel | $298 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,198 |
| Interest | $0 |
| Payments to affiliates | $12,800 |
| Depreciation, depletion, and amortization | $204 |
| Insurance | $3,573 |
| All other expenses | $0 |
| Total functional expenses | $743,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $846,618 |
| Savings and temporary cash investments | $107,042 |
| Pledges and grants receivable | $106,866 |
| 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 | $2,321 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $53,857 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,116,704 |
| Accounts payable and accrued expenses | $23,537 |
| Grants payable | $326,518 |
| Deferred revenue | $112,722 |
| 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 | $462,777 |
| Net assets without donor restrictions | $351,160 |
| Net assets with donor restrictions | $302,767 |
| 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 | $1,116,704 |
Grants Awarded
Over the last fiscal year, Marshalltown Area United Way has awarded $460,345 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Marshalltown, IA PURPOSE: BUILDING HEALTHY FAMILIES, SEXUAL ABUSE PREVENTION & CRISIS CHILD CARE | $86,223 |
Hoffman Estates, IL PURPOSE: SOCIAL SERVICES | $50,469 |
Marshalltown, IA PURPOSE: HOUSING NEEDS, UPKEEP AND REPAIRS | $45,635 |
Ames, IA PURPOSE: CRISIS INTERVENTION, HISPANIC OUTREACH, SCHOOL BASED, TRANSITIONAL LIVING, FADSS, W. MARSHALL KIDS CLUB | $45,500 |
Marshalltown, IA PURPOSE: YOUTH INTERVENTION | $34,000 |
ACCESS PURPOSE: SHELTER ASSISTANCE | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Marshalltown Area United Way has recieved totaling $1,550.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $1,550 |
Endowment Analysis
| Beg. Balance | $159,863 |
| Earnings | $2,171 |
| Admin Expense | $250 |
| Other Expense | $885 |
| Ending Balance | $160,899 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Greater St Louis Inc Saint Louis, MO | $114,175,989 | $83,585,264 |
Nebraska Children And Families Foundation Lincoln, NE | $60,865,953 | $72,528,420 |
United Way Of Greater Milwaukee & Waukesha County Inc Milwaukee, WI | $57,056,595 | $64,052,238 |
United Way Of Metropolitan Chicago Inc Chicago, IL | $58,068,035 | $46,184,540 |
Greater Twin Cities United Way Minneapolis, MN | $131,397,199 | $56,166,906 |
Peter Kiewit Foundation Omaha, NE | $431,803,629 | $21,833,373 |
United Way Of The Midlands Omaha, NE | $22,649,944 | $36,718,233 |
Worldwide Inventory Network Inc St Louis, MO | $154,273,003 | $31,738,147 |
United Way Of Greater Kansas City Inc Kansas City, MO | $27,299,107 | $44,015,637 |
Jewish Federation Of Omaha Inc Omaha, NE | $53,867,184 | $39,560,353 |
Aurora Health Care Foundation Inc Milwaukee, WI | $332,167,553 | $7,899,285 |
United Way Of Central Iowa Des Moines, IA | $37,480,917 | $26,442,012 |