United Way Of Laredo Inc
- Assets
- $2.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Laredo, TX
- Founding
- 05/1967
- Data as of
- 12/2021
- EIN
- 74-1543862
Organization Overview
United Way Of Laredo Inc is located in Laredo, TX. The organization was established in 1967. 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, United Way Of Laredo Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Way Of Laredo 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 Laredo Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, United Way Of Laredo Inc has awarded 159 individual grants totaling $7,544,302. 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
FINANCIAL SUPPORT FOR OTHER 501(C)(3) ORGANIZATIONS, INCLUDING ACCEPTED HEALTH, WELFARE AND RECREATIONAL AGENCIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL SUPPORT FOR OTHER 501(C)(3) ORGANIZATIONS, INCLUDING ACCEPTED HEALTH, WELFARE AND RECREATIONAL AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roberta G Ramirez Past Pres | OfficerTrustee | 1 | $0 |
Natalie Hernandez Board Member | OfficerTrustee | 1 | $0 |
Kevin Romo President | OfficerTrustee | 1 | $0 |
Rebecca Banda Treasurer | OfficerTrustee | 1 | $0 |
Linda C Teniente VP Allocations | OfficerTrustee | 1 | $0 |
Jorge Leal President-Elect | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $685,022 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $231,236 |
| 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 | $916,258 |
| Total Program Service Revenue | $0 |
| Investment income | $11,915 |
| 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 | $1,121,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,262,191 |
| 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 | $85,562 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,156 |
| Payroll taxes | $10,719 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,826 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,984 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $465 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,063 |
| Insurance | $0 |
| All other expenses | $12,376 |
| Total functional expenses | $1,531,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $908,414 |
| Savings and temporary cash investments | $1,298,714 |
| Pledges and grants receivable | $667,814 |
| 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 | $65,705 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,940,647 |
| Accounts payable and accrued expenses | $146,564 |
| Grants payable | $0 |
| Deferred revenue | $803,642 |
| 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 | $950,206 |
| Net assets without donor restrictions | $1,104,479 |
| Net assets with donor restrictions | $885,962 |
| 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 | $2,940,647 |
Grants Awarded
Over the last fiscal year, United Way Of Laredo Inc has awarded $889,239 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
SACRED HEART CHILDRENS HOME PURPOSE: General Funding | $148,446 |
Laredo, TX PURPOSE: General Funding | $143,275 |
Atlanta, GA PURPOSE: General Funding | $89,896 |
Laredo, TX PURPOSE: Program Funding | $60,838 |
Laredo, TX PURPOSE: General Funding | $58,217 |
Laredo, TX PURPOSE: General Funding | $37,675 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that United Way Of Laredo Inc has recieved totaling $34,469.
| Awarding Organization | Amount |
|---|---|
Give Back Foundation Madison, WI PURPOSE: PROGRAM SUPPORT | $21,134 |
The Laredo Area Community Foundation Laredo, TX PURPOSE: Operating Expenses | $12,235 |
Centerpoint Energy Foundation Inc Houston, TX PURPOSE: 2021 CORPORATE GIFT | $1,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Circle Of Life Springdale, AR | $23,639,439 | $20,357,791 |
United Way Of Central New Mexico Albuquerque, NM | $25,758,904 | $18,629,053 |
Valero Energy Foundation San Antonio, TX | $27,234,889 | $9,027,256 |
Jewish Federation Of Greater Houston Houston, TX | $13,164,896 | $16,157,692 |
United Way Of Southeast Louisiana New Orleans, LA | $29,969,457 | $17,838,416 |
Jewish Federation Of Greater Dallas Dallas, TX | $18,027,508 | $11,762,815 |
Shalom Austin Austin, TX | $8,435,174 | $13,067,909 |
Capital Area United Way Baton Rouge, LA | $14,566,817 | $6,965,583 |
Jewish Endowment Foundation Metairie, LA | $92,360,141 | $9,096,206 |
United Way Of El Paso County El Paso, TX | $7,999,389 | $6,622,179 |
United Way Of The Coastal Bend Inc Corpus Christi, TX | $7,813,987 | $6,731,389 |
Growing Up New Mexico Inc Santa Fe, NM | $5,476,758 | $4,686,891 |