United Way Of Laredo Inc
- Assets
- $3.0m
- Revenue
- $941.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Laredo, TX
- Founding
- 05/1967
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, United Way Of Laredo Inc generated $941.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, United Way Of Laredo Inc has awarded 179 individual grants totaling $8,253,852. 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
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 |
|---|---|---|---|
Rosie Ramirez VP Financial | OfficerTrustee | 1 | $0 |
Natalie Hernandez Vpsp. Gifts | OfficerTrustee | 1 | $0 |
Kevin Romo Past President | OfficerTrustee | 1 | $0 |
Rebecca Banda VP Allocations | OfficerTrustee | 1 | $0 |
Claudia Camao Rodriguez Treasurer | OfficerTrustee | 1 | $0 |
Linda C Teniente VP Government | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $903,213 |
| 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 | $903,213 |
| Total Program Service Revenue | $0 |
| Investment income | $8,152 |
| 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 | $941,796 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $706,550 |
| 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 | $104,257 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,633 |
| Payroll taxes | $10,181 |
| 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 | $10,516 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,688 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $66 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,063 |
| Insurance | $0 |
| All other expenses | $14,654 |
| Total functional expenses | $1,031,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $929,882 |
| Savings and temporary cash investments | $1,298,714 |
| Pledges and grants receivable | $745,152 |
| 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 | $56,642 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3 |
| Total assets | $3,030,393 |
| Accounts payable and accrued expenses | $113,692 |
| Grants payable | $0 |
| Deferred revenue | $1,015,518 |
| 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 | $1,129,210 |
| Net assets without donor restrictions | $1,151,571 |
| Net assets with donor restrictions | $749,612 |
| 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 | $3,030,393 |
Grants Awarded
Over the last fiscal year, United Way Of Laredo Inc has awarded $709,550 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB OF LAREDO PURPOSE: Program Funding | $106,600 |
BETHANY HOUSE PURPOSE: Program Funding | $63,200 |
BOYS AND GIRLS CLUB OF ZAPATA PURPOSE: Program Funding | $26,650 |
BOYS SCOUTS OF AMERICA S TX PURPOSE: Program Funding | $18,600 |
CASA DE MISERICORDIA PURPOSE: Program Funding | $47,900 |
CATHOLIC SOCIAL SERVICES PURPOSE: Program Funding | $8,800 |