Cherokee County United Fund Inc
- Assets
- $14.4k
- Revenue
- $54.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Murphy, NC
- Founding
- 01/1994
- Data as of
- 09/2022
- EIN
- 56-1421000
Organization Overview
Cherokee County United Fund Inc, operating under the name United Way Of Cherokee & Clay Count, is located in Murphy, NC. The organization was established in 1994. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, 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 Of Cherokee & Clay Count 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 09/2022, United Way Of Cherokee & Clay Count generated $54.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $48.8k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, United Way Of Cherokee & Clay Count has awarded 116 individual grants totaling $201,620. 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
RAISE MONEY FOR LOCAL NON-PROFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONEY WAS COLLECTED AND DISTRIBUTED TO LOCAL CHARITABLE AGENCIES
MONEY WAS DISTRIBUTED TO INDIVIDUALS NEEDING ASSISTANCE WITH RENT OR UTILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kay Worden Past Preside | Officer | 1 | $0 |
Barbara El-Khouri Vice Preside | Officer | 1 | $0 |
Chris Morhardt President | Officer | 1 | $0 |
Sherry Raines Treasurer | Officer | 1 | $0 |
Marji Hill Secretary | Officer | 1 | $0 |
Mike Clements Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $28,358 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,858 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,815 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,673 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,995 |
| Grants and other assistance to domestic individuals. | $1,079 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $21,133 |
| Compensation of current officers, directors, key employees. | $6,828 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,448 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,225 |
| 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 | $3,069 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,977 |
| Travel | $539 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6 |
| Payments to affiliates | $2,692 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $135 |
| All other expenses | $0 |
| Total functional expenses | $48,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,401 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,401 |
| Accounts payable and accrued expenses | $2,070 |
| 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 | $2,070 |
| Net assets without donor restrictions | $12,331 |
| 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 | $14,401 |
Grants Awarded
Over the last fiscal year, Cherokee County United Fund Inc has awarded $91,920 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
CHEROKEE COUNTY FOOD BANK PURPOSE: MEETING EMERGENCY NEEDS | $5,710 |
CHEROKEE COUNTY FOOD BANK PURPOSE: MEETING EMERGENCY NEEDS | $5,710 |
Murphy, NC PURPOSE: MEETING EMERGENCY NEEDS | $5,710 |
CHEROKEE COUNTY FOOD BANK PURPOSE: MEETING EMERGENCY NEEDS | $5,710 |
Murphy, NC PURPOSE: MEETING EMERGENCY NEEDS | $5,710 |
Murphy, NC PURPOSE: MEETING EMERGENCY NEEDS | $5,710 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cherokee County United Fund Inc has recieved totaling $50,340.
| Awarding Organization | Amount |
|---|---|
Nantahala Health Foundation Franklin, NC PURPOSE: Collaborative Health Innovation Program | $50,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $340 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Teleios Collaborative Network Flat Rock, NC | $1,937,761 | $5,692,077 |
Berry Charitable Foundation Greensboro, NC | $66,443,887 | $19,441,279 |
Mcleod Family Foundation Inc Roanoke, VA | $24,622,922 | $3,411,070 |
Petters Family Foundation Newport News, VA | $24,802,843 | $3,836,696 |
Louisiana First Horizon Foundation Memphis, TN | $16,881,232 | $5,299 |
Richmond Community Foundation Inc Charlotte, NC | $38,277,506 | $4,248,751 |
Thalia N And Chris M Carlos Foundation Inc Atlanta, GA | $8,590,339 | $1,064,458 |
Weaver Foundation Inc Greensboro, NC | $30,406,218 | $3,650,390 |
Ally Charitable Foundation Charlotte, NC | $31,020,480 | $35,342,279 |