United Way Of Odessa Inc
- Assets
- $1.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Odessa, TX
- Founding
- 08/1913
- Data as of
- 06/2021
- EIN
- 75-0838777
Organization Overview
United Way Of Odessa Inc is located in Odessa, TX. The organization was established in 1913. 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 06/2021, United Way Of Odessa Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Way Of Odessa 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 06/2021, United Way Of Odessa Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, United Way Of Odessa Inc has awarded 185 individual grants totaling $9,785,854. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT A COMMUNITY WIDE ANNUAL CAMPAIGN USED TO ALLOCATE RESOURCES TO 22 PARTNER AGENCIES IN THE FOLLOWING AREAS HEALTH, EDUCATION, AND SELF-SUFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNITED WAY OF ODESSA IS THE PRIMARY FUNDING AGENCY FOR NON-PROFIT ORGANIZATIONS SERVING ODESSA, TEXAS. THE UNITED WAY RAISES AND COLLECTS FUNDS DURING ITS ANNUAL CAMPAIGN AND DISTRIBUTES TO LOCAL CHARITABLE AGENCIES AS DETERMINED BY THE BOARD OF DIRECTORS TO ADDRESS COMMUNITY NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hank Herrick Executive Director | Officer | 40 | $77,050 |
Crystal Tarango Finance Manager | Officer | 40 | $55,500 |
Dewey Bryant Director/campaign Chair | OfficerTrustee | 2 | $0 |
Lisa Wyman Past President | OfficerTrustee | 2 | $0 |
April Wright Community Impact Chair | OfficerTrustee | 2 | $0 |
Stephanie Cavazos Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $110,131 |
| All other contributions, gifts, grants, and similar amounts not included above | $946,030 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,056,161 |
| Total Program Service Revenue | $0 |
| Investment income | $2,414 |
| 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 | $1,058,575 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,031,817 |
| 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. | $136,500 |
| Compensation of current officers, directors, key employees. | $83,265 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,430 |
| Pension plan accruals and contributions | $21,181 |
| Other employee benefits | $29,322 |
| Payroll taxes | $19,695 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105 |
| Advertising and promotion | $17,630 |
| Office expenses | $39,816 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,997 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,059 |
| Interest | $0 |
| Payments to affiliates | $32,218 |
| Depreciation, depletion, and amortization | $5,569 |
| Insurance | $6,169 |
| All other expenses | $0 |
| Total functional expenses | $1,473,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,203 |
| Savings and temporary cash investments | $592,347 |
| Pledges and grants receivable | $229,781 |
| 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 | $1,374 |
| Net Land, buildings, and equipment | $48,075 |
| Investments—publicly traded securities | $899,117 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,923,897 |
| Accounts payable and accrued expenses | $15,985 |
| Grants payable | $0 |
| Deferred revenue | $76,822 |
| 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 | $92,807 |
| Net assets without donor restrictions | $1,675,604 |
| Net assets with donor restrictions | $155,486 |
| 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 | $1,923,897 |
Grants Awarded
Over the last fiscal year, United Way Of Odessa Inc has awarded $1,031,817 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
Odessa, TX PURPOSE: Youth programs | $111,000 |
Odessa, TX PURPOSE: Youth and childcare programs | $99,000 |
Odessa, TX PURPOSE: Childrens advocacy | $87,000 |
Odessa, TX PURPOSE: Meals program | $78,797 |
Midland, TX PURPOSE: Family services | $77,558 |
Odessa, TX PURPOSE: Family services | $64,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that United Way Of Odessa Inc has recieved totaling $108,364.
| Awarding Organization | Amount |
|---|---|
Permian Basin Area Foundation Midland, TX PURPOSE: Human Services | $75,000 |
The Albertsons Companies Foundation Pleasanton, CA PURPOSE: GENERAL SUPPORT | $20,392 |
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $10,000 |
Bryant Family Foundation Dallas, TX PURPOSE: HUMAN SERVICES | $2,500 |
Frederick H Bedford Jr And Margaret S Bedford Charitable Foundation Easton, PA PURPOSE: GENERAL CHARITABLE CONTRIBUTION | $400 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $72 |
Endowment Analysis
| Beg. Balance | $417,775 |
| Earnings | $131,623 |
| Net Contributions | $8,014 |
| Ending Balance | $557,412 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Circle Of Life Springdale, AR | $23,639,439 | $20,357,791 |
United Way Of Central New Mexico Albuquerque, NM | $25,758,904 | $18,629,053 |
Valero Energy Foundation San Antonio, TX | $27,234,889 | $9,027,256 |
Jewish Federation Of Greater Houston Houston, TX | $13,164,896 | $16,157,692 |
United Way Of Southeast Louisiana New Orleans, LA | $29,969,457 | $17,838,416 |
Jewish Federation Of Greater Dallas Dallas, TX | $18,027,508 | $11,762,815 |
Shalom Austin Austin, TX | $8,435,174 | $13,067,909 |
Capital Area United Way Baton Rouge, LA | $14,566,817 | $6,965,583 |
Jewish Endowment Foundation Metairie, LA | $92,360,141 | $9,096,206 |
United Way Of El Paso County El Paso, TX | $7,999,389 | $6,622,179 |
United Way Of The Coastal Bend Inc Corpus Christi, TX | $7,813,987 | $6,731,389 |
Growing Up New Mexico Inc Santa Fe, NM | $5,476,758 | $4,686,891 |