Waverly-Shell Rock Area United Way Inc
- Assets
- $490.2k
- Revenue
- $328.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Waverly, IA
- Founding
- 03/1990
- Data as of
- 12/2022
- EIN
- 42-1098807
Organization Overview
Waverly-Shell Rock Area United Way Inc is located in Waverly, IA. The organization was established in 1990. 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. Waverly-Shell Rock Area United Way 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 12/2022, Waverly-Shell Rock Area United Way Inc generated $328.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $246.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Waverly-Shell Rock Area United Way Inc has awarded 29 individual grants totaling $362,700. 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
RAISE AND DISTRIBUTE FUNDS TO TAX EXEMPT ORGANIZATIONS THAT PROVIDE HUMAN SERVICES FOR THE BETTERMENT OF THE RESIDENTS OF NORTHEASTERN IOWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISE AND DISTRIBUTE FUNDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Gleason President | OfficerTrustee | 2 | $0 |
Beth Burrow Treasurer | OfficerTrustee | 2 | $0 |
Jean Buckingham Secretary | OfficerTrustee | 2 | $0 |
Coleen Baker Director | Trustee | 2 | $0 |
Bethany Christians Director | Trustee | 2 | $0 |
Amy Derifield Director | Trustee | 2 | $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 | $327,701 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $327,701 |
| Total Program Service Revenue | $0 |
| Investment income | $603 |
| 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 | $328,304 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $125,000 |
| Grants and other assistance to domestic individuals. | $31,761 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $57,664 |
| Compensation of current officers, directors, key employees. | $14,418 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,708 |
| Payroll taxes | $4,411 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,533 |
| Office expenses | $6,152 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,118 |
| Travel | $908 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,719 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $878 |
| Insurance | $1,677 |
| All other expenses | $0 |
| Total functional expenses | $245,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,860 |
| Savings and temporary cash investments | $113,877 |
| Pledges and grants receivable | $195,561 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,947 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $490,245 |
| Accounts payable and accrued expenses | $136,785 |
| 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 | $0 |
| Total liabilities | $136,785 |
| Net assets without donor restrictions | $341,914 |
| Net assets with donor restrictions | $11,546 |
| 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 | $490,245 |
Grants Awarded
Over the last fiscal year, Waverly-Shell Rock Area United Way Inc has awarded $110,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ALL IN MENTORING PURPOSE: MENTORING PROGRAMS FOR CHILDREN | $9,000 |
NORTHEAST IOWA FOOD BANK PURPOSE: GENERAL SUPPORT | $24,000 |
NE IA COMMUNITY ACTION PURPOSE: FAMILY SERVICE ASSISTANCE | $9,500 |
PATHWAYS BEHAVORIAL SERVICES PURPOSE: SUBSTANCE ABUSE AND MENTAL HEALTH COUNSELING | $25,500 |
LARRABEE CENTER PURPOSE: GENERAL SUPPORT | $7,500 |
TOGETHER FOR YOUTH PURPOSE: GENERAL SUPPORT | $7,500 |