United Way Of Greater Knoxville Inc
- Assets
- $34.2m
- Revenue
- $14.6m
- Investments
- $0.0
- Employees
- 77
- Location
- Knoxville, TN
- Founding
- 06/1960
- Data as of
- 03/2024
- EIN
- 62-0475748
Organization Overview
United Way Of Greater Knoxville Inc is located in Knoxville, TN. The organization was established in 1960. 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 03/2024, United Way Of Greater Knoxville Inc employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Way Of Greater Knoxville 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 03/2024, United Way Of Greater Knoxville Inc generated $14.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $17.9m during the year ending 03/2024. While expenses have increased by 3.4% per year over the past 9 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 2016, United Way Of Greater Knoxville Inc has awarded 617 individual grants totaling $74,928,712. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
UWGK UNITES PEOPLE AND RESOURCES TO STRENGTHEN COMMUNITIES AND SOLVE SYSTEMIC ISSUES
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: WE BELIEVE ALL CHILDREN HAVE THE RIGHT TO A STRONG START SO THEY CAN BE SUCCESSFUL IN LIFE. UNITED WAY OF GREATER KNOXVILLE PROFESSIONALS, ALONG WITH PROMINENT COMMUNITY VOLUNTEERS HAVE IDENTIFIED AREAS IN WHICH SUPPORT IS NEEDED TO DEVELOP SUCCESS. THE EDUCATION GOALS WE HAVE SET WILL WORK TOWARD: HELPING CHILDREN BE READY TO ENTER SCHOOL, HELPING CHILDREN BE READY TO MOVE TO THE NEXT GRADE, AND MAKING SURE KIDS GRADUATE FROM HIGH SCHOOL AND ARE PREPARED FOR COLLEGE OR A VOCATION.
ENGAGING YOUTH - NONPROFIT CAPACITY BUILDING THROUGH DIRECT GRANTS, TRAINING, AND CONSULTING ANNUAL CAMPAIGN MOBILIZATION OF VOLUNTEERS
ECONOMIC MOBILITY: AS MANY AS ONE-THIRD OF WORKING AMERICANS DO NOT EARN ENOUGH MONEY TO MEET THEIR BASIC NEEDS.UNITED WAY OF GREATER KNOXVILLE PROFESSIONALS, ALONG WITH PROMINENT COMMUNITY VOLUNTEERS, HAVE IDENTIFIED AREAS IN WHICH SUPPORT IS NEEDED TO DEVELOP SUCCESS. THE INCOME NEEDS GOALS WE HAVE SET WILL PROMOTE FINANCIAL STABILITY AND INDEPENDENCE BY HELPING: STABILIZE FAMILIES IN FINANCIAL DISTRESS AND ACHIEVE LONG-TERM FINANCIAL STABILITY.
HEALTH: WE BELIEVE HEALTH ENCOMPASSES BODY AND MIND. UNITED WAY OF GREATER KNOXVILLE PROFESSIONALS, ALONG WITH PROMINENT COMMUNITY VOLUNTEERS HAVE IDENTIFIED AREAS IN WHICH SUPPORT IS NEEDED TO DEVELOP SUCCESS. THE HEALTH AND BASIC NEEDS GOALS WE HAVE SET WILL FOCUS ON: MATERNAL HEALTH AND WELL BEING, BASIC HEALTHCARE COVERAGE AND PREVENTION, AND HEALTHY YOUTH AND ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Ryerson President & | OfficerTrustee | 40 | $260,656 |
Blake Valentine CFO | OfficerTrustee | 40 | $135,771 |
Jaime Bagwell Board Member | Trustee | $0 | |
Tony Benton Board Member | Trustee | $0 | |
John Billings Board Member | Trustee | $0 | |
Gabe Bolas Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,254,567 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,662,704 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,917,271 |
| Total Program Service Revenue | $159,947 |
| Investment income | $669,168 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $110,441 |
| Net Gain/Loss on Asset Sales | -$300,407 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,556,420 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,683,628 |
| 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. | $396,427 |
| Compensation of current officers, directors, key employees. | $125,363 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,552,804 |
| Pension plan accruals and contributions | $339,269 |
| Other employee benefits | $304,056 |
| Payroll taxes | $279,343 |
| Fees for services: Management | $3,934,151 |
| Fees for services: Legal | $38,024 |
| Fees for services: Accounting | $56,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $89,921 |
| Fees for services: Other | $12,694 |
| Advertising and promotion | $59,179 |
| Office expenses | $169,136 |
| Information technology | $384,332 |
| Royalties | $0 |
| Occupancy | $132,046 |
| Travel | $23,516 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $160,831 |
| Interest | $0 |
| Payments to affiliates | $99,563 |
| Depreciation, depletion, and amortization | $160,888 |
| Insurance | $64,095 |
| All other expenses | $1,427 |
| Total functional expenses | $17,941,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,422 |
| Savings and temporary cash investments | $4,889,971 |
| Pledges and grants receivable | $4,034,707 |
| Accounts receivable, net | $649,067 |
| 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 | $243,784 |
| Net Land, buildings, and equipment | $2,576,568 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,767,676 |
| Total assets | $34,167,195 |
| Accounts payable and accrued expenses | $454,910 |
| Grants payable | $1,679,275 |
| 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 | $271,589 |
| Total liabilities | $2,405,774 |
| Net assets without donor restrictions | $29,034,609 |
| Net assets with donor restrictions | $2,726,812 |
| 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 | $34,167,195 |
Grants Awarded
Over the last fiscal year, United Way Of Greater Knoxville Inc has awarded $7,683,628 in support to 94 organizations.
| Grant Recipient | Amount |
|---|---|
A STEP AHEAD FOUNDATION PURPOSE: SPECIFIC PROGRAMS | $9,300 |
A 1 LEARNING CONNECT PURPOSE: SPECIFIC PROGRAMS | $45,653 |
BATTLEFIELD FARMS PURPOSE: SPECIFIC PROGRAMS | $17,248 |
AMERICAN RED CROSS PURPOSE: SPECIFIC PROGRAMS | $96,700 |
BIG BROTHERS BIG SISTERS PURPOSE: SPECIFIC PROGRAMS | $121,500 |
BOYS AND GIRLS CLUBS OF THE TENNESS PURPOSE: SPECIFIC PROGRAMS | $521,250 |