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CHARITY REVIEW
Issued: January 2025 Expires: January 2027

UNFCU Foundation

Accredited Charity
Accredited Charity

Meets Standards

Accreditation seal
24-01 44th Road
Long Island City, NY, 11101

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

UNFCU Foundation meets the 20 Standards for Charity Accountability.

Stated Purpose:
"to reduce poverty through education, health care programs, and livelihood training, especially among women and youth."

Year, State Incorporated:
2014, NY

UNFCU Foundation reports that it works to invest in women and young people to create sustainable paths out of poverty and create a future where healthcare, education, and livelihood training are considered best practices. The organization also provides humanitarian relief during emergencies. In 2023, UNFCU Foundation states that it awarded 19 grants for projects that work to fulfill the organization's mission.

For the year ended December 31, 2023, UNFCU Foundation's program expenses were:

Grants and other assistance: $822,926

Relief effort support: $164,932

Total Program Expenses: $987,858

Chief Executive
Yma Gordon, Executive Director

Chair of the Board
Pamela K. Agnone

Chair's Profession / Business Affiliation
Executive Vice President, UNFCU

Board Size
5

Paid Staff Size
0

*2023 compensation, as reported by the organization, includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Note: UNFCU Foundation reports that the Executive Director and all executive staff donate their time to the organization.

Method(s) Used:
Internet, Direct mail appeals

Fundraising costs were 10% of related contributions. (Related contributions, which totaled $1,214,162, 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 UNFCU Foundation's audited financial statements for the year ended December 31, 2023.

Source of Funds
Contributions $834,499
Fundraising and special events, net $181,837
In-kind revenue $197,826
Other income $13,768
Total Income $1,227,930

Programs: 82% Fundraising: 10% Administrative: 8%

Total Income $1,227,930
Total expenses: $1,209,443
  Program expenses $987,858
  Fundraising expenses $119,467
  Administrative expenses $102,118
  Other expenses $0
Income in Excess of Expenses $18,487
Beginning Net Assets $524,800
Other Changes In Net Assets $0
Ending Net Assets $543,287
Total Liabilities $51,114
Total Assets $594,401

Note: According to UNFCU Foundation's 2023 audited financial statements, the organization received $197,826 in contributed goods and services including volunteer services ($191,826) and occupancy ($6,000).

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

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Report completed by:
BBB Wise Giving Alliance