Watertown Area United Way
- Assets
- $1.1m
- Revenue
- $845.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Watertown, SD
- Founding
- 06/1970
- Data as of
- 12/2021
- EIN
- 46-0359557
Organization Overview
Watertown Area United Way is located in Watertown, SD. The organization was established in 1970. 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 12/2021, Watertown Area United Way employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watertown Area United Way 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, Watertown Area United Way generated $845.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $782.3k during the year ending 12/2021. While expenses have increased by 1.5% 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.
Since 2015, Watertown Area United Way has awarded 179 individual grants totaling $4,267,403. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST IN MEETING HUMAN CARE NEEDS OF WATERTOWN AREA RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH YEAR THE ORGANIZATION HOLDS AN ANNUAL CAPITAL FUND CAMPAIGN TO RAISE MONEY FOR NONPROFIT ORGANIZATIONS IN THE WATERTOWN AREA. THE MONEY RAISED IS DISTRIBUTED IN THE FOLLOWING YEAR TO NONPROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cory Herzog President | OfficerTrustee | 0 | $0 |
Jason Hutt Past President | OfficerTrustee | 0 | $0 |
Brock Asmussen Vice President | OfficerTrustee | 0 | $0 |
Mark Reierson Treasurer | OfficerTrustee | 5 | $0 |
Ryan Remmers Secretary | OfficerTrustee | 0 | $0 |
Laura Hoiten Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $83,904 |
| All other contributions, gifts, grants, and similar amounts not included above | $744,832 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $828,736 |
| Total Program Service Revenue | $7,000 |
| Investment income | $9,034 |
| 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 | $845,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $663,769 |
| 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 | $49,080 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,225 |
| Payroll taxes | $4,537 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,299 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,494 |
| Office expenses | $14,743 |
| Information technology | $4,302 |
| Royalties | $0 |
| Occupancy | $6,686 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $89 |
| Interest | $0 |
| Payments to affiliates | $8,868 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,176 |
| All other expenses | $0 |
| Total functional expenses | $782,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $618,026 |
| Pledges and grants receivable | $436,790 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,054,816 |
| Accounts payable and accrued expenses | $11,760 |
| Grants payable | $647,400 |
| 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 | $659,160 |
| Net assets without donor restrictions | $395,656 |
| 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 | $1,054,816 |
Grants Awarded
Over the last fiscal year, Watertown Area United Way has awarded $628,329 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Watertown, SD PURPOSE: YOUTH CENTER | $150,000 |
Watertown, SD PURPOSE: DOMESTIC VIOLENCE PROGRAM | $83,000 |
Watertown, SD PURPOSE: WELFARE | $45,700 |
Hoffman Estates, IL PURPOSE: WELFARE | $40,000 |
Watertown, SD PURPOSE: ZOO SUPPORT | $38,000 |
Sioux Falls, SD PURPOSE: COUNSELING | $28,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Watertown Area United Way has recieved totaling $5,750.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $5,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nebraska Children And Families Foundation Lincoln, NE | $60,865,953 | $72,528,420 |
Greater Twin Cities United Way Minneapolis, MN | $131,397,199 | $56,166,906 |
Peter Kiewit Foundation Omaha, NE | $431,803,629 | $21,833,373 |
United Way Of The Midlands Omaha, NE | $22,649,944 | $36,718,233 |
Jewish Federation Of Omaha Inc Omaha, NE | $53,867,184 | $39,560,353 |
United Way Of Central Iowa Des Moines, IA | $37,480,917 | $26,442,012 |
Minneapolis Jewish Federation Minneapolis, MN | $195,630,681 | $22,381,825 |
Best Buy Foundation Richfield, MN | $56,998,788 | $22,106,255 |
Sioux Empire United Way Inc Sioux Falls, SD | $14,046,411 | $8,857,048 |
New Harmony Care Center Inc Edina, MN | $17,674,874 | $11,846,414 |
United Way Of Lincoln And Lancaster County Lincoln, NE | $10,176,018 | $7,783,651 |
United Way Of East Central Iowa Cedar Rapids, IA | $18,620,645 | $6,956,778 |