United Way Of Magic Valley Inc
- Assets
- $392.9k
- Revenue
- $716.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Twin Falls, ID
- Founding
- 10/1972
- Data as of
- 12/2021
- EIN
- 82-0256978
Organization Overview
United Way Of Magic Valley Inc is located in Twin Falls, ID. 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. As of 12/2021, United Way Of Magic Valley Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Way Of Magic Valley 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 Magic Valley Inc generated $716.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $727.5k during the year ending 12/2021. While expenses have increased by 16.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
UNITED WAY COLLECTS DONATIONS TO BE DISTRIBUTED TO OTHER CHARITIES. IT ALSO CONDUCTS PROGRAMS TO PROVIDE SERVICES TO THE PUBLIC TO FURTHER ITS MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS TO NON-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Maikranz Executive Director | Officer | 36 | $59,038 |
Debbie Kytle Chairperson | OfficerTrustee | 2 | $0 |
Sarah Thompson Secretary | OfficerTrustee | 2 | $0 |
Kai Matthews Treasurer | OfficerTrustee | 2 | $0 |
Mark Hansen Park Chairperson | OfficerTrustee | 2 | $0 |
Lin Gowan Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $715,134 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $740,534 |
| Total Program Service Revenue | $0 |
| Investment income | $63 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$24,141 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $716,456 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $298,250 |
| 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. | $68,220 |
| Compensation of current officers, directors, key employees. | $8,187 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,890 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,875 |
| Payroll taxes | $36,407 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,091 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,242 |
| Advertising and promotion | $1,542 |
| Office expenses | $17,184 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,140 |
| Travel | $13,567 |
| 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 | $2,385 |
| All other expenses | $993 |
| Total functional expenses | $727,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $376,528 |
| Savings and temporary cash investments | $11,106 |
| Pledges and grants receivable | $5,255 |
| 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 | $392,889 |
| Accounts payable and accrued expenses | $10,714 |
| Grants payable | $0 |
| Deferred revenue | $222,634 |
| 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 | $233,348 |
| Net assets without donor restrictions | $124,104 |
| Net assets with donor restrictions | $35,437 |
| 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 | $392,889 |
Grants Awarded
Over the last fiscal year, United Way Of Magic Valley Inc has awarded $220,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Twin Falls, ID PURPOSE: TO FURTHER THE RECEIVING ORGANIZATION'S EXEMPT PURPOSE | $30,000 |
SUCCESS LEARNING CENTER PURPOSE: TO FURTHER THE RECEIVING ORGANIZATION'S EXEMPT PURPOSE | $30,000 |
A CHANCE FOR CHANGE PURPOSE: TO FURTHER THE RECEIVING ORGANIZATION'S EXEMPT PURPOSE | $30,000 |
JEROME SCHOOL DISTRICT PURPOSE: TO FURTHER THE RECEIVING ORGANIZATION'S EXEMPT PURPOSE | $30,000 |
Twin Falls, ID PURPOSE: TO FURTHER THE RECEIVING ORGANIZATION'S EXEMPT PURPOSE | $25,000 |
Twin Falls, ID PURPOSE: TO FURTHER THE RECEIVING ORGANIZATION'S EXEMPT PURPOSE | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that United Way Of Magic Valley Inc has recieved totaling $32,495.
| Awarding Organization | Amount |
|---|---|
Idaho Community Foundation Inc Boise, ID PURPOSE: EARLY EDUCATION IN JEROME COMMUNITY USING READY! FOR KINDERGARTEN | $20,000 |
Idacorp Employee Community Services Fund Inc Boise, ID PURPOSE: PROGRAM RELATED EXPENDITURES | $12,480 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Opportunity Village Foundation Las Vegas, NV | $82,150,112 | $9,952,519 |
United Way Of The Columbia- Willamette Portland, OR | $45,244,176 | $37,813,880 |
United Way Of Salt Lake Salt Lake City, UT | $28,992,111 | $11,102,852 |
United Way Of Southern Nevada Inc Las Vegas, NV | $13,273,511 | $9,207,930 |
United Way Of Northern Utah Ogden, UT | $14,414,361 | $4,637,663 |
Jewish Federation Of Greater Seattle Seattle, WA | $93,924,162 | $8,143,793 |
United Way Of Lane County Springfield, OR | $6,356,824 | $7,869,717 |
United Way Of Pierce County Tacoma, WA | $15,711,259 | $8,056,312 |
Billings Clinic Foundation Billings, MT | $116,767,576 | $17,438,060 |
United Way Of The Mid-Willamette Valley Salem, OR | $5,554,350 | $5,986,237 |
United Way Of Central And Southern Utah Provo, UT | $1,777,988 | $5,427,795 |
Auburn Food Bank Auburn, WA | $1,209,621 | $5,152,284 |