Valley United Way Incorporated
- Assets
- $556.3k
- Revenue
- $784.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Shelton, CT
- Founding
- 10/1968
- Data as of
- 06/2022
- EIN
- 06-0847098
Organization Overview
Valley United Way Incorporated is located in Shelton, CT. The organization was established in 1968. 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 06/2022, Valley United Way Incorporated employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley United Way Incorporated 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 06/2022, Valley United Way Incorporated generated $784.2k 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 (5.2%) each year. All expenses for the organization totaled $661.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Valley United Way Incorporated has awarded 145 individual grants totaling $3,130,853. 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
TO IMPROVE LIVES BY MOBILIZING THE CARING POWER OF OUR COMMUNITY THROUGH PHILANTHROPY, VOLUNTEERISM, AND COLLABORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE DESCRIPTION ON SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Kennedy Interim President And CEO | Officer | 25 | $71,764 |
Michael Gnibus Board Chair | OfficerTrustee | 2 | $0 |
Karen Stockla Vice-Chair | OfficerTrustee | 2 | $0 |
Dominick Thomas Secretary | OfficerTrustee | 2 | $0 |
Gregory P Destefano Treasurer | OfficerTrustee | 2 | $0 |
Jimmy Tickey Immediate Past President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $624,341 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,284 |
| All other contributions, gifts, grants, and similar amounts not included above | $118,572 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $784,197 |
| Total Program Service Revenue | $0 |
| Investment income | $4 |
| 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 | $784,201 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $293,231 |
| 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. | $54,518 |
| Compensation of current officers, directors, key employees. | $21,807 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,681 |
| Pension plan accruals and contributions | $2,180 |
| Other employee benefits | $2,279 |
| Payroll taxes | $10,343 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,941 |
| Advertising and promotion | $0 |
| Office expenses | $8,332 |
| Information technology | $14,111 |
| Royalties | $0 |
| Occupancy | $17,323 |
| Travel | $491 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $684 |
| Interest | $0 |
| Payments to affiliates | $11,968 |
| Depreciation, depletion, and amortization | $10,613 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $661,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $420,197 |
| Savings and temporary cash investments | $10,254 |
| Pledges and grants receivable | $90,495 |
| 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 | $6,998 |
| Net Land, buildings, and equipment | $28,353 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $556,297 |
| Accounts payable and accrued expenses | $26,226 |
| Grants payable | $0 |
| Deferred revenue | $55,062 |
| 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 | $63,671 |
| Total liabilities | $144,959 |
| Net assets without donor restrictions | $411,338 |
| 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 | $556,297 |
Grants Awarded
Over the last fiscal year, Valley United Way Incorporated has awarded $281,312 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Shelton, CT PURPOSE: PROVIDE FUNDS FOR LOCAL COMMUNITY PROGRAMS | $71,771 |
New Haven, CT PURPOSE: PROVIDE FUNDS FOR LOCAL COMMUNITY PROGRAMS | $30,172 |
Derby, CT PURPOSE: PROVIDE FUNDS FOR LOCAL COMMUNITY PROGRAMS | $29,142 |
Derby, CT PURPOSE: PROVIDE FUNDS FOR LOCAL COMMUNITY PROGRAMS | $25,171 |
Shelton, CT PURPOSE: PROVIDE FUNDS FOR LOCAL COMMUNITY PROGRAMS | $24,857 |
North Haven, CT PURPOSE: PROVIDE FUNDS FOR LOCAL COMMUNITY PROGRAMS | $20,800 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Valley United Way Incorporated has recieved totaling $47,056.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $16,414 |
Americas Charities Chantilly, VA PURPOSE: GENERAL SUPPORT | $12,756 |
The United Way Of Greater Waterbury Inc Waterbury, CT PURPOSE: GENERAL USE | $12,311 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $5,250 |
Synchrony Foundation Stamford, CT PURPOSE: EMPLOYER MATCHING GIFT PROGRAM | $325 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of New York City New York, NY | $40,512,646 | $61,047,819 |
United Way Of Massachusetts Bay Inc Boston, MA | $61,459,192 | $54,248,060 |
Childrens Rescue Fund Bronx, NY | $24,029,170 | $53,044,030 |
United Way Of Greater Rochester And The Finger Lakes Inc Rochester, NY | $189,540,443 | $45,112,374 |
United Way Of Connecticut Rocky Hill, CT | $9,253,569 | $38,307,240 |
Foundation For Jewish Philanthropies Getzville, NY | $249,898,212 | $25,804,353 |
United Way Of Rhode Island Inc Providence, RI | $29,334,248 | $23,014,896 |
Syracuse Community Health Center Inc Syracuse, NY | $18,630,162 | $24,795,455 |
Lighthouse Guild International Inc New York, NY | $511,507,297 | $10,629,551 |
North Star Fund Inc New York, NY | $26,831,975 | $32,265,698 |
United Way Of Buffalo And Erie County Buffalo, NY | $31,555,637 | $14,020,396 |
United Way Of Long Island Deer Park, NY | $13,444,061 | $14,770,315 |