United Way Of Broome County Inc
- Assets
- $36.6m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 30
- Location
- Binghamton, NY
- Founding
- 12/1949
- Data as of
- 06/2024
- EIN
- 15-0564074
Organization Overview
United Way Of Broome County Inc is located in Binghamton, NY. The organization was established in 1949. 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 06/2024, United Way Of Broome County Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Way Of Broome County 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 06/2024, United Way Of Broome County Inc generated $4.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $4.1m during the year ending 06/2024. While expenses have increased by 0.8% per year over the past 8 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.
Since 2014, United Way Of Broome County Inc has awarded 340 individual grants totaling $18,380,408. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO DRIVE CHANGE THAT WILL HAVE A POSITIVE IMPACT ON THE CRITICAL NEEDS OF OUR COMMUNITY BY STRATEGICALLY LEVERAGING THE COLLECTIVE RESOURCES OF COMMUNITY PARTNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY IMPACT AND INITIATIVES PROGRAMS, THIS REFERS TO EFFORTS WORKING WITH COMMUNITY RESIDENTS, ORGANIZATIONS, LEADERS, AND OTHER STAKEHOLDERS TO FURTHER THE UNITED WAY OF BROOME COUNTY, INC.'S MISSION AND INCREASE ITS INVESTMENT IN ACTIVITIES THAT PROMOTE THE ORGANIZATION'S VISION. THROUGH THE DEVELOPMENT OF SHARED COMMUNITY VISIONS, THE ORGANIZATION SUPPORTS BUILDING BLOCKS TO A QUALITY LIFE: HEALTH, EDUCATION, FINANCIAL STABILITY, AND BASIC NEEDS. COMMUNITY IMPACT AND INITIATIVES PROGRAMS WORK ON CREATING THE GREATEST POSSIBLE IMPACT TO IMPROVE OUTCOMES FOR INDIVIDUALS AND FAMILIES AND ACHIEVE COMMUNITY LEVEL CHANGE THROUGH THE HEALTHY LIFESTYLES COALITION (HLC), THE UNITED WAY OF BROOME COUNTY'S STRATEGIC PRIORITIES AND BASIC NEEDS GRANT PROGRAM, THE EMERGENCY GRANT PROGRAM, THE HEALTHY LIFESTYLES COALITION GRANT PROGRAM, AND THE CAPACITY BUILDING GRANT PROGRAM. COMMUNITY VOLUNTEERS SERVE ON IMPACT COUNCILS AND MAKE RECOMMENDATIONS TO THE BOARD OF DIRECTORS REGARDING THE DISBURSEMENT OF FUNDS RAISED IN THE ANNUAL COMMUNITY CAMPAIGN TO FUND COMMUNITY PARTNERS THROUGH THE LISTED GRANT PROGRAMS. FUNDS USED ARE MONITORED TO ENSURE UTILIZATION MEETS HIGH STANDARDS, SET GOALS ARE ACHIEVED, AND IMPACT IS ATTAINED. PERIODIC PROGRAM AND FINANCIAL REPORTS OF FUNDED COMMUNITY PARTNERS ARE SUBMITTED FOR REVIEW BY THE COMMUNITY IMPACT AND INITIATIVES TEAM, IMPACT COUNCILS, AND THE BOARD OF DIRECTORS. COMMUNITY IMPACT AND INITIATIVES PROGRAMS UNDERSTAND COMMUNITY NEEDS, ARE AWARE OF COMMUNITY RESOURCES, AND HAVE KNOWLEDGE OF LOCAL AND NATIONAL BEST PRACTICE STRATEGIES. BY LEVERAGING AND ALIGNING THE ORGANIZATION'S UNIQUE STRENGTHS AND ABILITIES, COMMUNITY IMPACT AND INITIATIVES PROGRAMS ENGAGE IN RELATIONSHIPS AND PARTNERSHIPS, AND MEASURE RESULTS, ENSURING THE HIGHEST LEVEL OF ACCOUNTABILITY, INTEGRITY, AND IMPACT.
THE 2-1-1 SUSQUEHANNA RIVER REGION CONTACT CENTER PROVIDES INFORMATION AND REFERRALS TO AGENCIES AND PROGRAMS IN BROOME, CHENANGO, DELAWARE, OTSEGO, AND TIOGA COUNTIES. 2-1-1 SPECIALISTS CONNECT INDIVIDUALS WITH A WIDE RANGE OF RESOURCES AND SERVICES, INCLUDING FOOD ACCESS, HEALTH CARE, HOUSING AND UTILITIES PAYMENT ASSISTANCE, EMPLOYMENT SERVICES, VETERAN SERVICES, CHILDCARE, CRISIS AND EMERGENCY COUNSELING, DISASTER RELIEF, AND MORE THROUGH AN ONLINE EXTENSIVE DATABASE OF MORE THAN 2,700 RESOURCES, AGENCIES, AND PROGRAM INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Spencer President | OfficerTrustee | 2 | $0 |
Mary Ann Wilcox Vice President | OfficerTrustee | 2 | $0 |
Rachel Abbott Vice President | OfficerTrustee | 2 | $0 |
Brett Pennefeather Assistant Treasurer | OfficerTrustee | 2 | $0 |
Francis Battisti Treasurer | OfficerTrustee | 2 | $0 |
Preston Evans Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Evans Mechanical Boiler Work | 6/29/18 | $115,349 |
Excellus Medical Benefits | 6/29/18 | $113,867 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,241,487 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $207,258 |
| All other contributions, gifts, grants, and similar amounts not included above | $361,972 |
| Noncash contributions included in lines 1a–1f | $46,836 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,810,717 |
| Total Program Service Revenue | $0 |
| Investment income | $919,696 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,047,797 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,794,229 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,183,453 |
| 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. | $105,588 |
| Compensation of current officers, directors, key employees. | $32,159 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $862,413 |
| Pension plan accruals and contributions | $11,790 |
| Other employee benefits | $59,870 |
| Payroll taxes | $102,857 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,940 |
| Fees for services: Accounting | $30,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $186,454 |
| Fees for services: Other | $80,183 |
| Advertising and promotion | $38,679 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,873 |
| Travel | $4,726 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,527 |
| Interest | $15,788 |
| Payments to affiliates | $25,174 |
| Depreciation, depletion, and amortization | $30,550 |
| Insurance | $18,759 |
| All other expenses | $12,779 |
| Total functional expenses | $4,051,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $290,451 |
| Savings and temporary cash investments | $2,276,709 |
| Pledges and grants receivable | $519,757 |
| 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 | $27,984 |
| Net Land, buildings, and equipment | $365,155 |
| Investments—publicly traded securities | $32,785,428 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $301,582 |
| Total assets | $36,567,066 |
| Accounts payable and accrued expenses | $339,239 |
| Grants payable | $0 |
| Deferred revenue | $209,164 |
| 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 | $548,403 |
| Net assets without donor restrictions | $24,901,772 |
| Net assets with donor restrictions | $11,116,891 |
| 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 | $36,567,066 |
Grants Awarded
Over the last fiscal year, United Way Of Broome County Inc has awarded $2,179,392 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
TRIPLE CITIES MAKERSPACE INC PURPOSE: ADVANCED MANUFACTURING AND STEAM EDUCATION FOR WORFORCE DEVELOPMENT | $9,100 |
URBAN LEAGUE INC PURPOSE: AFTER SCHOOL AND SUMMER ENRICHMENT PROGRAM | $12,000 |
BROOME COUNTY GANG PREVENTION PURPOSE: AFTERSCHOOL AND SUMMER PROGRAM | $42,000 |
GIGI'S PLAYHOUSE SOUTHERN TIER LLC PURPOSE: BELIEVE IN OUR BUILD | $12,000 |
STACK PROJECT INC PURPOSE: BROOME COUNTY STACK INITIATIVE AND NEW OFFICE SPACE | $17,000 |
RESEARCH FOUNDATION FOR SUNY - BU PURPOSE: BINGHAMTON UNIVERSITY COMMUNITY SCHOOLS | $38,400 |