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Nonprofiteer
← UNITED WAY CAPITAL CORPORATION

Form 990 for tax year 2024

Filed by UNITED WAY CAPITAL CORPORATION.

Totals

Total revenue
$946,780
Total expenses
$1,059,311
Contributions and grants received
$0
Grants paid
$200,000
Program service revenue
$930,861
Investment income
$15,919
Other revenue
$0
Total assets, end of year
$3,470,032
Total liabilities, end of year
$53,232
Net assets or fund balances, end of year
$3,416,800
Program services expenses (Part IX)
$1,059,311
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,059,311

Program services were 100.0% 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.

  • 2a · Program service revenue: Rental

    total $930,861 · related or exempt $930,861

  • 3 · Investment income

    total $15,919 · excluded $15,919

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $200,000 · program services $200,000

  • 11b · Fees: legal

    total $714 · program services $714

  • 11c · Fees: accounting

    total $2,000 · program services $2,000

  • 11g · Fees: other

    total $44,059 · program services $44,059

  • 12 · Advertising and promotion

    total $346 · program services $346

  • 13 · Office expenses

    total $2,308 · program services $2,308

  • 16 · Occupancy

    total $466,475 · program services $466,475

  • 17 · Travel

    total $385 · program services $385

  • 22 · Depreciation, depletion and amortization

    total $337,920 · program services $337,920

  • 23 · Insurance

    total $5,104 · program services $5,104

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $439,313 · end of year $204,518

  • 2 · Savings and temporary cash investments

    beginning of year $544,932 · end of year $776,749

  • 4 · Accounts receivable

    beginning of year $39,145 · end of year $39,146

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,116 · end of year $18,030

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

    $8,522,380

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

    $6,143,080

  • 10c · Land, buildings and equipment, net

    beginning of year $2,705,496 · end of year $2,379,300

  • 15 · Other assets

    beginning of year $0 · end of year $52,289

  • 17 · Accounts payable and accrued expenses

    beginning of year $134,975 · end of year $21,605

  • 19 · Deferred revenue

    beginning of year $19,244 · end of year $20,875

  • 25 · Other liabilities

    beginning of year $63,452 · end of year $10,752

  • 27 · Net assets without donor restrictions

    beginning of year $3,529,331 · end of year $3,416,800

Mission and programs · 2024

Mission

United Way Capital Corporation's Mission is to conduct nonprofit activities consistent with, and in the furtherance of, the principles and purpoises of the United Way of Tucson and Southern Arizona, Inc. United Way Capital Corpation is a support organization under section 509(a)(3) of the InternalRevenue Code.

Activities or mission (Part I)

UWCC's mission is to further the principles and purposes of United Way of Tucson and Southern AZ.

  • Provided rental facilities for United Way of Tucson and Southern Arizona and other non-profit organizations in accordance with the exempt mission of the corporation.

    Expenses $1,059,311 · Grants $200,000 · Revenue $930,861

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Teresa Nowak

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Kevin Volk

    Vice-Chair

    Total calculated
    $0
    Hours/week
    1

  • Alice Templeton

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Joseph Kroeger

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kameron Norwood

    Director

    Total calculated
    $0
    Hours/week
    1

  • Keri Silvyn

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Cook

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kris Singleton

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tony Penn

    President and CEO

    Total calculated
    $411,069
    From this org
    $0
    From related orgs
    $392,033
    Other
    $19,036
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $306,667 related
    Bonus
    $0 + $85,366 related
    Other
    $0
    Deferred
    $0 + $8,675 related
    Nontaxable benefits
    $0 + $10,361 related
    Filer's total
    $0 + $411,069 related

  • George Schlecht

    Vice President and CFO

    Total calculated
    $81,321
    From this org
    $0
    From related orgs
    $75,756
    Other
    $5,565
    Hours/week
    1 + 40 related

  • Sylvia Leyba

    Vice President and CFO

    Total calculated
    $71,515
    From this org
    $0
    From related orgs
    $55,428
    Other
    $16,087
    Hours/week
    1 + 40 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:
The President/CEO of the Organization is compensated by a related organization, United Way of Tucson and Southern Arizona (UWTSA). UWTSA's Executive Committee reviewed prior compensation market analyses and current performance results. The Executive Committee then presented its compensation recommendation for the President/CEO to the Board of Directors. Compensation is formalized in an employment agreement with the President/CEO.
Part I, Line 7:
The President/CEO of UWTSA is entitled to receive performance based incentive compensation in an amount not to exceed 25% of the annualized base salary per year contingent upon the accomplishment of measurable performance standards to be established by mutual agreement between the President/CEO and the Board of UWTSA.

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
2024
Filed
26 February 2026
IRS schema version
2024v5.5
Source object
202610869349300121

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