United Way of Lake County does not meet the following 1 Standards for Charity Accountability:
Standard 6 (Board Policy on Effectiveness)
Have a board policy of assessing, no less than every two years, the organization's performance and effectiveness and of determining future actions required to achieve its mission.
UWLC does not meet this Standard because:
- The board of directors does not have a written policy stating that, at least every two years, an appraisal be done assessing the organization’s performance and effectiveness and determining future actions required to achieve its mission.
The BBB Wise Giving Alliance requested but did not receive complete information from the organization and is unable to verify the organization's compliance with the following Standard(s) for Charity Accountability:
7
United Way of Lake County meets the remaining 18 Standards for Charity Accountability.
United Way of Lake County (UWLC) works to channel resources into the Lake County community to measurably improve people?s lives. The organization reports garnering corporate and employee support from local businesses, as well as reaching out to residential donors. As reported by UWLC, a diverse pool of volunteers from across the community leads their investment process with the aim of ensuring that donor dollars are impactful, measurable, and help reach the organization?s education, financial stability, and health goals.
For the year ended June 30, 2020, United Way of Lake County's program expenses were:
Funds awarded/distributed, net |
$1,143,294 |
Community impact |
$389,626 |
Allocations and agency relations |
$90,561 |
Total Program Expenses: |
$1,623,481 |
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Chief Executive
Jennifer McCarty, President and Chief Executive Officer
-
Compensation*
$120,567
-
Chair of the Board
Scot Park
-
Chair's Profession / Business Affiliation
Chief Culture Officer, Artower Advisory Services
-
Board Size
21
-
Paid Staff Size
6
*2019 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Radio
Fundraising costs were 12% of related contributions. (Related contributions, which totaled $2,075,665, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on United Way of Lake County's audited financial statements for the year ended June 30, 2020.
Source of Funds |
Campaign revenue, net |
$1,951,361 |
Gifts in-kind |
$99,889 |
Investment income |
$78,614 |
Grant |
$24,415 |
Other income |
$13,253 |
Unrealized gains on investments |
$8,754 |
Total Income |
$2,188,286 |
- Programs: 82%
- Fundraising: 13%
- Administrative: 5%
Total Income |
$2,188,286 |
Program expenses |
$1,623,481 |
Fundraising expenses |
$240,908 |
Administrative expenses |
$116,735 |
Other expenses |
$0 |
Total expenses: |
$1,981,124 |
Income in Excess of Expenses |
$207,162 |
Beginning Net Assets |
$2,294,761 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$2,501,923 |
Total Liabilities |
$1,244,872 |
Total Assets |
$3,746,795 |
Note: According to UWLC’s audited financial statements for the year ended June 30, 2020, the organization received in-kind contributions of $99,889 including media ($49,587), food ($47,301), and food support ($3,000).