United Way Of Forsyth County Inc
- Assets
- $7.7m
- Revenue
- $13.5m
- Investments
- $1.6m
- Employees
- 46
- Location
- Winstonsalem, NC
- Founding
- 02/1974
- Data as of
- 06/2022
- EIN
- 23-7357234
Organization Overview
United Way Of Forsyth County Inc is located in Winstonsalem, NC. The organization was established in 1974. 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, United Way Of Forsyth County Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Way Of Forsyth 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 06/2022, United Way Of Forsyth County Inc generated $13.5m 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 (4.9%) each year. All expenses for the organization totaled $14.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, United Way Of Forsyth County Inc has awarded 74 individual grants totaling $9,505,880. 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
UNITING THE COMMUNITY TO BRING TOGETHER RESOURCES TO IDENTIFY AND ADDRESS OUR COMMUNITY'S NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNITED WAY'S APPROACH TO CREATING LASTING CHANGES IN COMMUNITY OUTCOMES BY INVESTING FUNDING IN COMMUNITY-WIDE INITIATIVES FOCUSING ON EDUCATION, ECONOMIC STABILITY AND HEALTH. UNITED WAY ENCOURAGES FUNDED PARTNERS TO WORK TOGETHER TO CREATE COMPREHENSIVE, INTEGRATED PROGRAMS TO ADDRESS OUR COMMUNITY'S NEEDS.
UNITED WAY'S APPROACH TO CREATING LASTING CHANGES IN COMMUNITY OUTCOMES BY INVESTING FUNDING IN A PLACEBASED STRATEGY (PLACE MATTERS) IN THIRTEEN NEIGHBORHOODS IN NORTHEAST WINSTON SALEM. UNITED WAY ENCOURAGES FUNDED PARTNERS TO WORK TOGETHER TO CREATE COMPREHENSIVE, INTEGRATED PROGRAMS TO ADDRESS OUR COMMUNITY'S NEEDS.
HOUSING MATTERS IS AN INITIATIVE OF UNITED WAY IN PARTNERSHIP WITH THE CITY OF WINSTON-SALEM AND FORSYTH COUNTY TO SUPPORT THE WINSTON-SALEM/FORSYTH COUNTY CONTINUUM OF CARE IMPLEMENT AND ACHIEVE ITS STRATEGIC GOALS. UNITED WAY'S STAFF SPECFICIALLLY PROVIDES LEADERSHIP TO THE CONTINUUM OF CARE INCLUDING THE COMMISSION ON ENDING HOMELESSNESS, OPERATES THE COMMUNITY INTAKE CENTER AND PROVIDES LEADERSHIP AND COORDINATION TO THE FORSYTH RAPID RE-HOUSING COLLABORATIVE.
THE FORSYTH PROMISE FACILITATES EDUCATION-FOCUSED COLLABORATIVE, COMMUNITY-WIDE PLANNING AND ACTION. WE PROVIDE A FRAMEWORK TO HELP ALL COMMUNITY STAKEHOLDERS WORK EFFECTIVELY TOGETHER TOWARD THE GOAL OF IMPROVED EDUCATIONAL OUTCOMES FOR FORSYTH COUNTY'S STUDENTS FROM CRADLE TO CAREER. OUR CORE VALUES ARE EDUCATION EQUITY, INCLUSIVE STAKEHOLDER ENGAGEMENT, AND DATA-DRIVEN DECISION MAKING. THE WINSTON-SALEM POVERTY THOUGHT FORCE IS A COMMUNITY WIDE COLLABORATION SPEARHEADED BY THE CITY OF WINSTON-SALEM TO IDENTIFY STEPS BOTH FEASIBLE AND IMPACTFUL TO REDUCE THE NUMBER OF RESIDENTS LIVING IN POVERTY. THE POVERTY THOUGHT FORCE WAS FORMED IN OCTOBER 2015 AND COMPRISES 22 MEMBERS REPRESENTING A BROAD RANGE OF WINSTON-SALEM'S CIVIC AND ACADEMIC INSITITUTIONS. THE POVERTY THOUGHT FORCE HAS FIVE SUBCOMMITTEES THAT FOCUS ON VARIOUS ASPECTS OF POVERTY, INCLUDING HEALTH AND WELLNESS, HOUSING AND HOMELESSNESS, JOBS AND WORKFORCE DEVELOPMENT, EDUCATION AND LIFE SKILLS, AND HUNGER AND FOOD INSECURITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia S Gordineer President & | OfficerTrustee | 50 | $202,285 |
Mark Uren Vp, Resource | 50 | $120,335 | |
Debbie Wilson COO | Officer | 50 | $109,380 |
Bill Stone CFO | Officer | 50 | $56,262 |
Trisha Coleman Chair | OfficerTrustee | 1 | $0 |
Jennifer Grant Heaton Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,503,730 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,543,791 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,047,521 |
| Total Program Service Revenue | $464,316 |
| Investment income | $0 |
| 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 | $13,512,937 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,628,435 |
| 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. | $530,712 |
| Compensation of current officers, directors, key employees. | $214,523 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,060,616 |
| Pension plan accruals and contributions | $101,196 |
| Other employee benefits | $271,323 |
| Payroll taxes | $195,337 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,126 |
| Advertising and promotion | $15,623 |
| Office expenses | $282,226 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $175,480 |
| Travel | $19,136 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,855 |
| Interest | $0 |
| Payments to affiliates | $330,405 |
| Depreciation, depletion, and amortization | $7,313 |
| Insurance | $9,342 |
| All other expenses | $66,937 |
| Total functional expenses | $14,065,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $912,815 |
| Savings and temporary cash investments | $146,390 |
| Pledges and grants receivable | $4,458,438 |
| Accounts receivable, net | $620,965 |
| 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 | $19,899 |
| Net Land, buildings, and equipment | $10,910 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,570,742 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,740,159 |
| Accounts payable and accrued expenses | $1,315,934 |
| Grants payable | $0 |
| 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 | $500,000 |
| Other liabilities | $9,064,700 |
| Total liabilities | $10,880,634 |
| Net assets without donor restrictions | -$5,729,813 |
| Net assets with donor restrictions | $2,589,338 |
| 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 | $7,740,159 |
Grants Awarded
Over the last fiscal year, United Way Of Forsyth County Inc has awarded $4,517,501 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
Winstonsalem, NC PURPOSE: GENERAL SUPPORT | $468,078 |
Winstonsalem, NC PURPOSE: GENERAL SUPPORT | $377,259 |
Atlanta, GA PURPOSE: GENERAL SUPPORT | $348,614 |
Winstonsalem, NC PURPOSE: GENERAL SUPPORT | $303,234 |
Winstonsalem, NC PURPOSE: GENERAL SUPPORT | $282,107 |
Winston Salem, NC PURPOSE: GENERAL SUPPORT | $204,179 |
Grants Recieved
Over the last fiscal year, we have identified 41 grants that United Way Of Forsyth County Inc has recieved totaling $2,123,151.
| Awarding Organization | Amount |
|---|---|
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 74 GRANT(S) FOR VARYING PURPOSES | $973,100 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $390,428 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $215,072 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $215,072 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $53,126 |
John Wesley Hanes And Anna Hodgin Hanes Foundation Las Vegas, NV PURPOSE: GENERAL OPERATING | $50,000 |
Endowment Analysis
| Beg. Balance | $1,860,996 |
| Earnings | -$206,156 |
| Admin Expense | $11,501 |
| Net Contributions | $10,370 |
| Other Expense | $52,242 |
| Ending Balance | $1,601,467 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Federation Of Greater Atlanta Inc Atlanta, GA | $335,156,066 | $46,977,032 |
United Way Of Middle Tennessee Inc Nashville, TN | $71,875,939 | $59,642,100 |
Americas Charities Chantilly, VA | $19,664,098 | $37,274,660 |
United Way Of South Hampton Roads Norfolk, VA | $66,003,873 | $28,678,324 |
United Way Of The National Capital Area Vienna, VA | $52,010,356 | $25,572,571 |
United Way Of Greater Richmond Richmond, VA | $16,886,120 | $22,666,995 |
United Way Of Greater Charlotte Charlotte, NC | $28,665,296 | $24,251,139 |
Chc Creating Healthier Communities Alexandria, VA | $23,119,840 | $20,885,598 |
United Way Of The Piedmont Inc Spartanburg, SC | $4,093,923 | $15,798,807 |
Bluecross Blueshield Of South Carolina Foundation Columbia, SC | $340,633,924 | $51,086,800 |
Safa Trust Inc Herndon, VA | $343,266,740 | $16,390,451 |
United Way Of Forsyth County Inc Winstonsalem, NC | $7,740,159 | $13,512,937 |