United Wayof South Hampton Foundation
- Assets
- $58.0m
- Revenue
- $25.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 08/1999
- Data as of
- 06/2023
- EIN
- 54-1929483
Organization Overview
United Wayof South Hampton Foundation is located in Norfolk, VA. The organization was established in 1999. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. United Wayof South Hampton Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE FOUNDATION IS TO BENEFIT AND CARRY OUT THE PURPOSES OF UNITED WAY OF SOUTH HAMPTON ROADS BY PROVIDING A LONG-TERM BASE OF FINANCIAL SUPPORT FOR UNITED WAY, ITS CERTIFIED AGENCIES AND ITS CHARITABLE, SOCIAL, EDUCATIONAL, AND HUMAN SERVICE PROGRAMS, ACTIVITIES AND PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE FOUNDATION IS TO BENEFIT AND CARRY OUT THE PURPOSES OF UNITED WAY OF SOUTH HAMPTON ROADS BY PROVIDING A LONG-TERM BASE OF FINANCIAL SUPPORT FOR UNITED WAY, ITS CERTIFIED AGENCIES AND ITS CHARITABLE, SOCIAL, EDUCATIONAL, AND HUMAN SERVICE PROGRAMS, ACTIVITIES AND PURPOSES.AGENCY AFFILIATE FUNDS: THE FOUNDATION PROVIDES AN OPPORTUNITY FOR LOCAL AGENCIES TO INVEST THEIR FUNDS WITH THAT OF THE FOUNDATION. THIS OPPORTUNITY PROVIDES PROFESSIONAL MANAGEMENT AND OVERSIGHT OF INVESTED FUNDS. AGENCY AFFILIATED FUND AGREEMENTS ARE APPROVED BY THE BOARD OF TRUSTEES.DONOR ADVISED FUNDS: THE FOUNDATIONS DONOR ADVISED GIVING PROGRAM FACILITATES GRANTS TO DOMESTIC ORGANIZATIONS, BASED UPON RECOMMENDATIONS BY PROGRAM CONTRIBUTORS THAT MEET PROGRAMMATIC INTERESTS OF BOTH THE DONOR AND THE FOUNDATION. THROUGH INTERNATIONAL DONOR ADVISED GIVING, DONORS CAN PROVIDE FUNDING FOR GRANTS TO A VARIETY OF CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Anderson Former Executive Director | OfficerTrustee | 3 | $0 |
Lewis Webb Board Member | Trustee | 1 | $0 |
Steve Fredrickson Chair | OfficerTrustee | 1 | $0 |
Darleen Mastin Vice Chair | OfficerTrustee | 1 | $0 |
Charles Birdsong Board Member | Trustee | 1 | $0 |
Rob Broermann Past Chair | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $25,435 |
| 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 | $25,435 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,050 |
| 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 | $167,907 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,392 |
| Payroll taxes | $12,155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,585 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,025 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,423 |
| Office expenses | $2,609 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $783 |
| Travel | $731 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,896 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,117 |
| Total functional expenses | $273,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $57,835,847 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $206,039 |
| Total assets | $58,041,886 |
| Accounts payable and accrued expenses | $0 |
| 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 | $56,873,870 |
| Total liabilities | $56,873,870 |
| Net assets without donor restrictions | $1,168,016 |
| 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 | $58,041,886 |
Grants Awarded
Over the last fiscal year, United Wayof South Hampton Foundation has awarded $49,886 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF SOUTH HAMPTON ROADS PURPOSE: DONOR ADVISED FUND CONTRIBUTION - MISSION ACTIVITIES | $22,470 |
OLD DOMINION UNIVERSITY PURPOSE: DONOR ADVISED FUND CONTRIBUTION - SCHOLARSHIPS | $27,416 |