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Nonprofiteer
← UNITED WAY OF MARTIN COUNTY FOUNDATION INC

Form 990 for tax year 2022

Filed by UNITED WAY OF MARTIN COUNTY FOUNDATION INC.

Totals

Total revenue
$1,008,819
Total expenses
$146,414
Contributions and grants received
$702,620
Grants paid
$10,000
Program service revenue
$0
Investment income
$290,784
Other revenue
$15,415
Total assets, end of year
$7,555,772
Total liabilities, end of year
$19,502
Net assets or fund balances, end of year
$7,536,270
Program services expenses (Part IX)
$10,000
Management and general expenses
$0
Fundraising expenses
$136,414
Program service expenses (Part III)
$10,000

Program services were 6.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $702,620

  • 3 · Investment income

    total $133,831 · excluded $133,831

  • 7a · Gross sales of assets other than inventory

    securities $732,714

  • 7b · Less cost or other basis and sales expenses

    securities $575,761

  • 7c · Gain or loss

    securities $156,953

  • 7d · Net gain or loss

    total $156,953 · excluded $156,953

  • 8a · Fundraising events: gross income

    $21,500

  • 8b · Fundraising events: direct expenses

    $6,085

  • 8c · Net income from fundraising events

    total $15,415 · excluded $15,415

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000 · program services $10,000

  • 7 · Other salaries and wages

    total $36,322 · fundraising $36,322

  • 9 · Other employee benefits

    total $6,232 · fundraising $6,232

  • 10 · Payroll taxes

    total $2,662 · fundraising $2,662

  • 11c · Fees: accounting

    total $6,800 · fundraising $6,800

  • 16 · Occupancy

    total $120 · fundraising $120

  • 17 · Travel

    total $87 · fundraising $87

  • 23 · Insurance

    total $2,170 · fundraising $2,170

  • 24a · Other expenses: SHARED FUNDRAISING EXPE

    total $46,236 · fundraising $46,236

  • 24b · Other expenses: PROFESSIONAL SERVICES &

    total $26,100 · fundraising $26,100

  • 24c · Other expenses: CAMPAIGN & FUNDRAISING

    total $6,120 · fundraising $6,120

  • 24d · Other expenses: LEASE EXPENSE

    total $3,229 · fundraising $3,229

  • 24e · All other expenses

    total $336 · fundraising $336

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,953 · end of year $70,410

  • 2 · Savings and temporary cash investments

    beginning of year $278,846 · end of year $946,003

  • 3 · Pledges and grants receivable

    beginning of year $473,502 · end of year $285,827

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,613 · end of year $2,452

  • 11 · Investments: publicly traded securities

    beginning of year $5,595,998 · end of year $6,251,080

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,106 · end of year $19,502

  • 27 · Net assets without donor restrictions

    beginning of year $1,306,352 · end of year $1,923,299

  • 28 · Net assets with donor restrictions

    beginning of year $5,040,454 · end of year $5,612,971

Mission and programs · 2022

Mission

THE UNITED WAY OF MARTIN COUNTY FOUNDATION IS AN INDEPENDENT PUBLIC CHARITY UNIQUELY POSITIONED TO ACCEPT LEGACY GIFTS AND BUILD AN ENDOWMENT FUND TO MEET THE CURRENT AND FUTURE UNMET NEEDS IN MARTIN COUNTY.

  • GRANTS AND AWARDS FROM ENDOWED GIFTS

    Expenses $10,000 · Grants $10,000

As filed on the 2022 return.

Listed in Part VII

  • Charles R Cleaver

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robert Weissman

    EX OFFICIO

    Total calculated
    $0
    Hours/week
    2

  • Thomas Campenni

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Randy Pennington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Stephen A Pinnacoli

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Dennis Longstreet

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Gregory R Nuttall

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Carol Webb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Betsy Herold

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Phil Wintercorn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Carol Houwaart-Diez

    SECRETARY

    Total calculated
    $201,549
    From this org
    $0
    From related orgs
    $158,856
    Other
    $42,693
    Hours/week
    4 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $152,100 related
    Bonus
    $0 + $6,756 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $42,693 related
    Filer's total
    $0 + $201,549 related

  • Elisabeth Glynn

    DIRECTOR OF PHILANTHROPY

    Total calculated
    $104,841
    From this org
    $0
    From related orgs
    $88,772
    Other
    $16,069
    Hours/week
    14.8 + 25.2 related

  • Theresa Schineis

    VP FINANCE

    Total calculated
    $123,431
    From this org
    $0
    From related orgs
    $99,096
    Other
    $24,335
    Hours/week
    6 + 39 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
METHODS USED TO DETERMINE COMPENSATION PAID THROUGH RELATED ORGANIZATION INCLUDE DETERMINATION THROUGH A COMPENSATION COMMITTEE AND APRROVAL BY THE BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
20 March 2024
IRS schema version
2022v5.0
Source object
202420809349301527

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