United Way Of Greater Toronto
- Assets
- $120.2m
- Revenue
- $122.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 02/1963
- Data as of
- 03/2024
- EIN
- 98-6001253
Organization Overview
United Way Of Greater Toronto is located in null. The organization was established in 1963. 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. United Way Of Greater Toronto 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 03/2024, United Way Of Greater Toronto generated $122.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $122.2m during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 4 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO MEET URGENT HUMAN NEEDS AND IMPROVE SOCIAL CONDITIONS BY MOBILIZING THE COMMUNITY'S VOLUNTEER AND FINANCIAL RESOURCES IN A COMMON CAUSE OF CARING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNITED WAY OF GREATER TORONTO FUNDS A NETWORK OF COMMUNITY AGENCIES IN PEEL, TORONTO AND YORK REGION THAT PROVIDE CRITICAL SOCIAL SUPPORT AND TACKLE ISSUES IMPACTED AND RELATED TO POVERTY.
EXPENSES INCURRED TO SUPPORT PROGRAM AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniele Zanotti President & CEO | Officer | 40 | $309,882 |
Michael Cheong Chief Financial & Op. Officer | Officer | 40 | $206,438 |
Joan Taylor Vp, People & Culture | 40 | $175,058 | |
Nation Cheong Vp,community Impact & Mobiliza | Officer | 40 | $157,146 |
Anita Stellinga Chief Of Staff | Officer | 40 | $157,146 |
Ruth Crammond Vp, Community Investment & Dev | Officer | 40 | $155,687 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $110,701 |
| Related organizations | $0 |
| Government grants | $21,675,350 |
| All other contributions, gifts, grants, and similar amounts not included above | $95,006,797 |
| Noncash contributions included in lines 1a–1f | $15,713,557 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,792,848 |
| Total Program Service Revenue | $0 |
| Investment income | $3,493,124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,537,563 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $122,077,214 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $95,101,979 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,017,949 |
| Compensation of current officers, directors, key employees. | $376,738 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,361,619 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,997,835 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $137,542 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $763,770 |
| Office expenses | $678,209 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,254,135 |
| Travel | $63,515 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,630 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $742,695 |
| Insurance | $0 |
| All other expenses | $89,593 |
| Total functional expenses | $122,184,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,625,890 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $450,864 |
| 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 | $162,117 |
| Net Land, buildings, and equipment | $6,271,417 |
| Investments—publicly traded securities | $76,689,692 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $120,199,980 |
| Accounts payable and accrued expenses | $8,499,969 |
| Grants payable | $1,853,271 |
| Deferred revenue | $19,782,121 |
| 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 | $1,874,390 |
| Total liabilities | $32,009,751 |
| Net assets without donor restrictions | $0 |
| 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 | $88,190,229 |
| Total liabilities and net assets/fund balances | $120,199,980 |
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