United Way Of Midland Inc
- Assets
- $10.2m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 8
- Location
- Midland, TX
- Founding
- 01/1955
- Data as of
- 12/2021
- EIN
- 75-0945926
Organization Overview
United Way Of Midland Inc is located in Midland, TX. The organization was established in 1955. According to its NTEE Classification (P19) the organization is classified as: Support N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2021, United Way Of Midland 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 Midland 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 12/2021, United Way Of Midland Inc generated $2.4m 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 (5.0%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2013, United Way Of Midland Inc has awarded 280 individual grants totaling $18,287,883. 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 IMPROVE THE QUALITY OF LIFE IN MIDLAND BY UNITING COMMUNITY RESOURCES WITH IDENTIFIED NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY IMPACT: UNITED WAY OF MIDLAND POSITIVELY IMPACTS THE COMMUNITY BY WORKING WITH OTHER ORGANIZATIONS TO IDENTIFY OUR COMMUNITY'S MOST PRESSING HEALTH, EDUCATION AND SELF-SUFFICIENCY NEEDS AND THEN ALLOCATES FUNDS TO LOCAL NON-PROFIT ORGANIZATIONS WITH PROGRAMS THAT ARE MAKING A MEASURABLE DIFFERENCE IN ADDRESSING THOSE NEEDS. WE ACCOMPLISH THIS THROUGH:- ASSESSING THE NEEDS OF THE COMMUNITY- ADVOCATING FOR SELECTED PUBLIC POLICIES- REVIEWING FUNDING APPLICATIONS SUBMITTED UNDER IDENTIFIED AREAS OF NEED- ALLOCATING FUNDS TO APPROVED PROGRAMS- FUNDING OF NEW AND SPECIAL COMMUNITY INITIATIVES
THE YOUNG PROFESSIONALS OF MIDLAND (YPM) PROVIDES LEADERSHIP, NETWORKING, AND PHILANTHROPIC OPPORTUNITIES TO WORKING PROFESSIONALS AGES 21-40. DEDICATED TO PROVIDING CAREER-MINDED YOUNG PROFESSIONALS WITH OPPORTUNITIES TO DEVELOP SOCIALLY AND PROFESSIONALLY IN THE PERMIAN BASIN, YPM HOSTS COMMUNITY OUTREACH, LEADERSHIP & NETWORKING, AND SOCIAL EVENTS THROUGHOUT THE YEAR TO SERVE OUR MEMBERS AND PROMOTE POSITIVE COMMUNITY AWARENESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kari Hennagin Executive Director | Officer | 40 | $109,960 |
Paige Vickery Finance Director | Officer | 40 | $73,889 |
Blake Scott VP Community Impact | OfficerTrustee | 2 | $0 |
Miles Hartman President | OfficerTrustee | 2 | $0 |
Debbie Markley Treasurer | OfficerTrustee | 2 | $0 |
Kayleigh Dunn Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $154,050 |
| Related organizations | $0 |
| Government grants | $112,367 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,459,738 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,726,155 |
| Total Program Service Revenue | $1,332 |
| Investment income | $188,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $11,174 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $537,281 |
| Net Income from Fundraising Events | -$31,985 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,432,604 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,523,353 |
| 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. | $205,114 |
| Compensation of current officers, directors, key employees. | $20,511 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $284,449 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,849 |
| Payroll taxes | $35,825 |
| Fees for services: Management | $9,648 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,367 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,388 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,108 |
| Travel | $2,810 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,546 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,284 |
| Insurance | $13,920 |
| All other expenses | $11,295 |
| Total functional expenses | $2,365,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,575 |
| Savings and temporary cash investments | $1,828,912 |
| Pledges and grants receivable | $71,611 |
| 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 | $5,183 |
| Net Land, buildings, and equipment | $253,126 |
| Investments—publicly traded securities | $7,272,408 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $679,523 |
| Total assets | $10,242,338 |
| Accounts payable and accrued expenses | $66,105 |
| Grants payable | $1,303,003 |
| 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 | $7,061 |
| Total liabilities | $1,376,169 |
| Net assets without donor restrictions | $8,366,169 |
| Net assets with donor restrictions | $500,000 |
| 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 | $10,242,338 |
Grants Awarded
Over the last fiscal year, United Way Of Midland Inc has awarded $1,301,834 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
Midland, TX PURPOSE: PROGRAM SUPPORT | $150,430 |
Midland, TX PURPOSE: PROGRAM SUPPORT | $130,700 |
SAFE PLACE PURPOSE: PROGRAM SUPPORT | $102,677 |
Midland, TX PURPOSE: PROGRAM SUPPORT | $85,502 |
Midland, TX PURPOSE: PROGRAM SUPPORT | $83,056 |
Midland, TX PURPOSE: PROGRAM SUPPORT | $82,766 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that United Way Of Midland Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Patsy And Michael Hochman Charitable Foundation Dallas, TX PURPOSE: PROGRAM SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $1,096,062 |
| Earnings | $115,219 |
| Admin Expense | $10,483 |
| Grants | $21,275 |
| Ending Balance | $1,179,523 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sol Care Services Inc Pharr, TX | $783,235 | $9,414,594 |
Allen Community Outreach Allen, TX | $5,306,169 | $7,386,695 |
Interfaith Family Services Dallas, TX | $16,288,869 | $3,010,094 |
Open Door Mission Houston, TX | $3,700,671 | $2,681,570 |
Alliance Of Community Assistance Ministries Inc Houston, TX | $2,037,353 | $3,363,291 |
United Way Of Midland Inc Midland, TX | $10,242,338 | $2,432,604 |
Trusted World Foundation Garland, TX | $1,680,132 | $2,777,202 |
Positive Tomorrows Villa Campus Inc Oklahoma City, OK | $13,161,961 | $276,728 |
Cartmell Foundation Inc Palestine, TX | $16,463,884 | $658,879 |
Frost & Sullivan Institute San Antonio, TX | $9,106,452 | $698,328 |
Texas Lighthouse Foundation Inc Galveston, TX | $507,583 | $950,707 |
Orphan Secure Lewisville, TX | $51,756 | $679,521 |