Rowan County United Way Inc
- Assets
- $1.9m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Salisbury, NC
- Founding
- 07/1958
- Data as of
- 12/2023
- EIN
- 56-0642828
Organization Overview
Rowan County United Way Inc is located in Salisbury, NC. The organization was established in 1958. 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, Rowan County United Way Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rowan County United Way 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, Rowan County United Way Inc generated $1.2m 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 (4.0%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rowan County United Way Inc has awarded 154 individual grants totaling $10,361,070. 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 LEAD THE COMMUNITY BY MOBILIZING RESOURCES MAKING A LASTING IMPACT FOR THOSE IN NEED AND SHAPE A BETTER FUTURE FOR EVERYONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL SUPPORT TO AGENCIES LISTED ON CASH GRANTS AND ALLOCATIONS TO OTHERS. SCHEDULE-ALL PROGRAMS OF AGENCY ARE CONFINED TO ROWAN COUNY AND SERVE APPORXIMATELY 71,780 PEOPLE.
RCUW SERVICE ABOVE SELF YOUTH AWARDS WERE HELD TO RECOGNIZE MORE THAN 135 NOMINATIONS OF K-12 STUDENTS FOR THEIR 13,895 VOLUNTEER SERVICE HOURS GIVEN TO THE COMMUNITY. THESE AWARDS WERE CREATED TO HONOR OUR YOUTH IN A CEREMONY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer D Lee Executive Directorboard Memb | OfficerTrustee | 40 | $87,688 |
Jonathan Williams Board Member | Trustee | 1 | $0 |
Kevin Auten Board Member | Trustee | 1 | $0 |
Elaine Spalding Board Member | Trustee | 1 | $0 |
Graham Corriher Board Member | Trustee | 1 | $0 |
David Nelson Board Member | Trustee | 1 | $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 | $1,135,416 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,135,416 |
| Total Program Service Revenue | $0 |
| Investment income | $29,852 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,174,215 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,089,678 |
| 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. | $87,687 |
| Compensation of current officers, directors, key employees. | $14,030 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $169,514 |
| Pension plan accruals and contributions | $16,439 |
| Other employee benefits | $48,056 |
| Payroll taxes | $19,623 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $37,424 |
| Royalties | $0 |
| Occupancy | $30,000 |
| Travel | $935 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,875 |
| Interest | $0 |
| Payments to affiliates | $16,983 |
| Depreciation, depletion, and amortization | $6,049 |
| Insurance | $6,462 |
| All other expenses | $48,600 |
| Total functional expenses | $1,659,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $678,956 |
| Pledges and grants receivable | $726,004 |
| Accounts receivable, net | $5,251 |
| 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 | $14,008 |
| Net Land, buildings, and equipment | $12,061 |
| Investments—publicly traded securities | $512,376 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,948,756 |
| Accounts payable and accrued expenses | $7,072 |
| 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 | $0 |
| Total liabilities | $7,072 |
| Net assets without donor restrictions | $823,720 |
| Net assets with donor restrictions | $1,117,964 |
| 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 | $1,948,756 |
Grants Awarded
Over the last fiscal year, Rowan County United Way Inc has awarded $1,075,771 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS SCOUTS OF AMERICA PURPOSE: OPERATIONS | $25,000 |
FAMILY CRISIS COUNCIL PURPOSE: OPERATIONS | $70,000 |
RUFTY-HOLMES SENOIR CENTER PURPOSE: OPERATIONS | $17,500 |
ROWAN-CABARRUS YMCA PURPOSE: OPERATIONS | $45,000 |
SALVATION ARMY PURPOSE: OPERATIONS | $110,000 |
FAMILIES FIRST NC PURPOSE: OPERATIONS | $156,370 |