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Nonprofiteer
← UNITED WAY OF DANE COUNTY FOUNDATION INC

Form 990 for tax year 2023

Filed by UNITED WAY OF DANE COUNTY FOUNDATION INC.

Totals

Total revenue
$3,189,997
Total expenses
$832,511
Contributions and grants received
$2,605,331
Grants paid
$701,013
Program service revenue
$0
Investment income
$555,073
Other revenue
$29,593
Total assets, end of year
$29,834,191
Total liabilities, end of year
$45,135
Net assets or fund balances, end of year
$29,789,056
Program services expenses (Part IX)
$701,013
Management and general expenses
$106,422
Fundraising expenses
$25,076
Program service expenses (Part III)
$701,013

Program services were 84.2% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $2,605,331

  • 1g · Noncash contributions included above

    $280,774

  • 3 · Investment income

    total $511,599 · related or exempt $0 · unrelated business $0 · excluded $511,599

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $11,798,844 · other assets $0

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

    securities $11,755,370 · other assets $0

  • 7c · Gain or loss

    securities $43,474 · other assets $0

  • 7d · Net gain or loss

    total $43,474 · related or exempt $0 · unrelated business $0 · excluded $43,474

  • 8a · Fundraising events: gross income

    $3,000

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $3,439

  • 8c · Net income from fundraising events

    total -$439 · unrelated business $0 · excluded -$439

  • 11d · All other revenue

    total $30,032 · related or exempt $0 · unrelated business $0 · excluded $30,032

  • 11e · Other revenue, total

    $30,032

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $701,013 · program services $701,013

  • 6 · Compensation of disqualified persons

    total $34,387 · management and general $15,201 · fundraising $19,186

  • 9 · Other employee benefits

    total $5,124 · management and general $3,791 · fundraising $1,333

  • 10 · Payroll taxes

    total $2,767 · management and general $1,220 · fundraising $1,547

  • 11f · Fees: investment management

    total $84,294 · management and general $84,294

  • 17 · Travel

    total $1,405 · management and general $1,241 · fundraising $164

  • 24a · Other expenses: Printing

    total $2,239 · program services $0 · management and general $166 · fundraising $2,073

  • 24b · Other expenses: Postage and Shipping

    total $113 · program services $0 · management and general $113 · fundraising $0

  • 24e · All other expenses

    total $1,169 · management and general $396 · fundraising $773

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $356,062 · end of year $2,286,196

  • 2 · Savings and temporary cash investments

    beginning of year $1,661,579 · end of year $241,344

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $5,080,006 · end of year $5,061,726

  • 10a · Land, buildings and equipment: cost or other basis

    $66,110

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $66,110 · end of year $66,110

  • 11 · Investments: publicly traded securities

    beginning of year $17,214,620 · end of year $22,088,006

  • 15 · Other assets

    beginning of year $27,755 · end of year $90,809

  • 17 · Accounts payable and accrued expenses

    beginning of year $122,674 · end of year $47,662

  • 25 · Other liabilities

    beginning of year -$1,986 · end of year -$2,527

  • 27 · Net assets without donor restrictions

    beginning of year $23,313,538 · end of year $28,724,520

  • 28 · Net assets with donor restrictions

    beginning of year $971,906 · end of year $1,064,536

Mission and programs · 2023

Mission

The United Way of Dane County Foundation, Inc. exists to support the United Way of Dane County mission: to unite the community to achieve measurable results that change lives. By providing a base of support, the Foundation helps United Way invest our community's resources to achieve the Agenda for Change. The Foundation allows caring community members to create a legacy of giving.

Activities or mission (Part I)

The United Way of Dane County Foundation, Inc. exists to support United Way of Dane County's mission of uniting the community to create measurable results that change lives. By targeting specific goals and forging strong partnerships, United Way of Dane County is tackling the root causes of critical local issues and achieving real, measurable results for children & education, housing for struggling families, independence for seniors and more.

  • Earnings from the Foundation are Invested in the Strategies that Support our Community's Agenda for Change - Since its creation, we have worked with delegations, partners, & Community Solutions Teams to create Mobilization Plans, identify research-based strategies to assess, reduce and eliminate the underlying causes of those issues and ultimately bring measurable results. The five areas of the Agenda for Change are: Education - Students succeed academically and graduate from high school, prepared for higher education, career, and community; Early Childhood - Children are cared for and have fun as they become prepared for school; Health - People who are uninsured have access to healthcare; Housing - There is a decrease in homelessness; Income- More people are on pathways out of poverty; Corporate and Community Engagement - agencies and volunteers are strong partners achieving measurable results. Each area has primary, measurable goals and antecedent metrics that are based in best practices. They are not simply measures of the units of service delivered, but of the effect on lives and the changes for better that service recipients experience. Success in changing the human condition is measured by success in moving the needle on these metrics that focus on root causes of community issues. See Schedule O for accomplishments surrounding the Agenda for Change areas.

    Expenses $701,013 · Grants $701,013

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Renee Moe

    President/CEO

    Total calculated
    $325,757
    From this org
    $0
    From related orgs
    $252,878
    Other
    $72,879
    Hours/week
    4 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $252,878 related
    Bonus
    $0
    Other
    $0 + $23,130 related
    Deferred
    $0 + $20,804 related
    Nontaxable benefits
    $0 + $28,945 related
    Filer's total
    $0 + $325,757 related

  • Nick Wood

    CFO and Vice President Administration

    Total calculated
    $163,485
    From this org
    $0
    From related orgs
    $130,914
    Other
    $32,571
    Hours/week
    4 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $130,914 related
    Bonus
    $0
    Other
    $0 + $266 related
    Deferred
    $0 + $10,959 related
    Nontaxable benefits
    $0 + $21,346 related
    Filer's total
    $0 + $163,485 related

  • Terry Heinrichs

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Thomas E Dott

    Board Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Gary Schaefer

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Kristin Balistreri

    Board Trustee

    Total calculated
    $0
    Hours/week
    1

  • Marion Brown

    Board Trustee

    Total calculated
    $0
    Hours/week
    1

  • Robert Cottingham

    Board Trustee

    Total calculated
    $0
    Hours/week
    1

  • Walter Dewey

    Board Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Hannon

    Board Trustee

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Heiner

    Board Trustee

    Total calculated
    $0
    Hours/week
    1

  • Cedric Johnson

    Board Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jaimes Johnson

    Board Trustee

    Total calculated
    $0
    Hours/week
    1

  • Andy King

    Board Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jeff Levy

    Board Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ursula Norwood

    Board Trustee

    Total calculated
    $0
    Hours/week
    1

  • Meg Prestigiacomo

    Board Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jay Sekelsky

    Board Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dorothy Steffens

    Board Trustee

    Total calculated
    $0
    Hours/week
    1

  • Catherine Taylor

    Board Trustee

    Total calculated
    $0
    Hours/week
    1

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)

Schedule J, Part I, Line 3
The Foundation relied on United Way of Dane County which used a compensation committee, independent compensation consultant, Form 990 of other organizations, compensation survey and approval by board to establish compensation.

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
2023
Filed
13 November 2024
IRS schema version
2023v5.0
Source object
202413189349306821

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