Yadkin Valley United Fund Inc
- Assets
- $359.6k
- Revenue
- $205.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Elkin, NC
- Founding
- 03/1972
- Data as of
- 12/2022
- EIN
- 56-1024021
Organization Overview
Yadkin Valley United Fund Inc is located in Elkin, NC. The organization was established in 1972. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yadkin Valley United Fund 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 12/2022, Yadkin Valley United Fund Inc generated $205.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $187.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Yadkin Valley United Fund Inc has awarded 43 individual grants totaling $614,800. 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
TO BE THE CONDUIT WHICH MOBILIZES THE CARING POWERS OF THE COMMUNITY FOR THE BETTERMENT OF THE PEOPLE IN THE YADKIN VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALLOCATIONS TO VARIOUS ORGANIZATIONS TO BENEFIT THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Carter Director | Trustee | 0 | $0 |
Karen Gentry Director | Trustee | 0 | $0 |
John Wilkes Director | Trustee | 0 | $0 |
Alfreda Adrams Director | Trustee | 0 | $0 |
Matthew Schrum Director | Trustee | 0 | $0 |
T J Bledsoe Director | 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 | $204,623 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $204,623 |
| Total Program Service Revenue | $0 |
| Investment income | $739 |
| 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 | $205,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $144,000 |
| Grants and other assistance to domestic individuals. | $7,000 |
| 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 | $16,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,239 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,650 |
| 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 | $1,799 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,736 |
| 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 | $0 |
| Insurance | $1,501 |
| All other expenses | $0 |
| Total functional expenses | $187,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,258 |
| Savings and temporary cash investments | $168,138 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,167 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $359,563 |
| Accounts payable and accrued expenses | $7,550 |
| Grants payable | $144,000 |
| 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 | $151,550 |
| Net assets without donor restrictions | $20,680 |
| Net assets with donor restrictions | $187,333 |
| 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 | $359,563 |
Grants Awarded
Over the last fiscal year, Yadkin Valley United Fund Inc has awarded $102,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CARENET COUNSELING OF ELKIN | | | $6,000 |
THE CHILDRENS CENTER OF SURRY | | | $5,000 |
ECHO MINISTRY | | | $22,000 |
ELKIN RESCUE SQUAD | | | $15,000 |
MOUNTAIN PARK RESCUE SQUAD | | | $11,500 |
TRI-COUNTY CHRISTIAN CRISIS | | | $16,000 |