United Way Of Dane County Foundation Inc
- Assets
- $25.1m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 39-1763471
Organization Overview
United Way Of Dane County Foundation Inc is located in Madison, WI. The organization was established in 1993. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Way Of Dane County Foundation 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 Dane County Foundation Inc generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.9% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 19.8% 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
THE UNITED WAY OF DANE COUNTY FOUNDATION, INC. EXISTS TO SUPPORT UNITED WAY OF DANE COUNTY'S MISSION OF IMPROVING LIVES AND STRENGTHENING DANE COUNTY. BY TARGETING SPECIFIC GOALS AND FORGING STRONG PARTNERSHIPS, UNITED WAY OF DANE COUNTY IS TACKLING THE ROOT CAUSES OF CRITICAL LOCAL ISSUES AND ACHIEVING REAL, MEASURABLE RESULTS FOR CHILDREN & EDUCATION, HOUSING FOR STRUGGLING FAMILIES, INDEPENDENCE FOR SENIORS AND MORE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARNINGS FROM THE FOUNDATION ARE INVESTED IN THE STRATEGIES THAT SUPPORT OUR COMMUNITY'S AGENDA FOR CHANGE - SINCE ITS CREATION, WE HAVE WORKED WITH DELEGATIONS, PARTNERS, & COMMUNITY SOLUTIONS TEAMS TO CREATE MOBILIZATION PLANS, IDENTIFY RESEARCH-BASED STRATEGIES TO ASSESS, REDUCE AND ELIMINATE THE UNDERLYING CAUSES OF THOSE ISSUES AND ULTIMATELY BRING MEASURABLE RESULTS. THE SEVEN AREAS OF THE AGENDA FOR CHANGE ARE: EDUCATION - STUDENTS SUCCEED ACADEMICALLY AND GRADUATE FROM HIGH SCHOOL, PREPARED FOR HIGHER EDUCATION, CAREER, AND COMMUNITY; CHILDREN - CHILDREN ARE CARED FOR AND HAVE FUN AS THEY BECOME PREPARED FOR SCHOOL; HEALTH - PEOPLE WHO ARE UNINSURED HAVE ACCESS TO HEALTHCARE; HOUSING - THERE IS A DECREASE IN HOMELESSNESS; INDEPENDENCE - SENIORS AND PEOPLE WITH DISABILITIES ARE ABLE TO STAY IN THEIR HOMES; BUILDING ECONOMIC STABILITY- MOVE MORE PEOPLE ARE ON PATHWAYS OUT OF POVERTY; COMMUNITY AND VOLUNTEER ENGAGEMENT - AGENCIES AND VOLUNTEERS ARE STRONG PARTNERS IN ACHIEVING MEASURABLE RESULTS. EACH AREA HAS PRIMARY, MEASURABLE GOALS AND ANTECEDENT METRICS THAT ARE BASED IN BEST PRACTICES. THEY ARE NOT SIMPLY MEASURES OF THE UNITS OF SERVICE DELIVERED, BUT OF THE EFFECT ON LIVES AND THE CHANGES FOR BETTER THAT SERVICE RECIPIENTS EXPERIENCE. SUCCESS IN CHANGING THE HUMAN CONDITION IS MEASURED BY SUCCESS IN MOVING THE NEEDLE ON THESE METRICS THAT FOCUS ON ROOT CAUSES OF COMMUNITY ISSUES. SEE SCHEDULE O FOR ACCOMPLISHMENTS SURROUNDING THE AGENDA FOR CHANGE AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee Moe President/ceo | OfficerTrustee | 4 | $0 |
Jennifer Hannon Board Chair | OfficerTrustee | 1 | $0 |
Gary Schaefer Secretary/treasurer | OfficerTrustee | 1 | $0 |
Terry Heinrichs Board Vice Chair | OfficerTrustee | 1 | $0 |
Nick Wood CFO And Vice President Administration | Officer | 4 | $0 |
Donald Bernards Board Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,255,582 |
| Noncash contributions included in lines 1a–1f | $865,026 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,255,582 |
| Total Program Service Revenue | $0 |
| Investment income | $213,038 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,812,349 |
| Net Income from Fundraising Events | $798 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,283,109 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,609,909 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,742 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,628 |
| Payroll taxes | $2,019 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $71,970 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $217 |
| Total functional expenses | $1,716,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,752,888 |
| Savings and temporary cash investments | $1,533,643 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,272,469 |
| 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 | $66,110 |
| Investments—publicly traded securities | $17,501,669 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,112 |
| Total assets | $25,144,891 |
| Accounts payable and accrued expenses | $33,794 |
| 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 | $0 |
| Other liabilities | -$930 |
| Total liabilities | $32,864 |
| Net assets without donor restrictions | $23,926,834 |
| Net assets with donor restrictions | $1,185,193 |
| 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 | $25,144,891 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that United Way Of Dane County Foundation Inc has recieved totaling $236,343.
| Awarding Organization | Amount |
|---|---|
United Way Of Dane County Inc Madison, WI PURPOSE: Donor Designation for General Support | $93,760 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $89,290 |
Thomas And Janet Plumb Family Foundation Inc Madison, WI PURPOSE: PROGRAM SUPPORT | $25,000 |
Santa Barbara Foundation Santa Barbara, CA PURPOSE: EDUCATIONAL INSTITUTIONS | $10,000 |
Madison Investments Foundation Inc Madison, WI PURPOSE: TO SUPPORT THE WORK DONE BY UNITED WAY DANE COUNTY FOUNDATION. | $10,000 |
Give Back Foundation Madison, WI PURPOSE: PROGRAM SUPPORT | $8,293 |
Endowment Analysis
| Beg. Balance | $12,947,985 |
| Earnings | $2,485,243 |
| Net Contributions | $8,131,317 |
| Other Expense | $509,901 |
| Ending Balance | $23,054,644 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Eastern Michigan University Foundation Ypsilanti, MI | $82,145,619 | $14,420,618 |
Michigan Tech Fund Houghton, MI | $217,061,508 | $42,674,434 |
Northern Illinois University Foundation Dekalb, IL | $169,106,712 | $31,131,654 |
Grand Rapids Community College Foundation Grand Rapids, MI | $37,079,013 | $9,829,978 |
Christian Schools International Insurance Plan And Trust Fund Grandville, MI | $5,188,497 | $9,699,281 |
Saginaw Valley State University Foundation University Center, MI | $94,804,323 | $8,609,845 |