UNFCU Foundation
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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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).
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RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Wise Giving Alliance