Better Business Bureau Report for
United Way of Central Kentucky

Better Business Bureau Report issued April 2017
Better Business Bureau Report expires April 2019


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: United Way of Central Kentucky
Address: 604 N. Main St.
  Elizabethtown, KY 42701
Phone: 270-737-6608
Web Address: www.unitedwayck.org
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Better Business Bureau Comments

Year, State Incorporated: 2001, Kentucky
Affiliates: None
Stated Purpose: United Way of Central Kentucky's vision is one where each individual in the community is self-sufficient in the areas of Education, Financial Stability, Health, and Basic Needs. The mission calls upon UWCK to connect with its community for the common good. To accomplish this the organization: Continually assesses critical community needs for human service programs; Develops the resources to meet those needs; Allocates financial support to make the most valuable and proactive impact possible; Promotes and fosters cooperation among public and private agencies in order to seek cooperative solutions; Develops community support and commitment through a systematic communications program which both speaks and listens to the community; Encourages and develops the management efficiency of both UWCK and supported agencies; Recruits, orients, motivates, and trains volunteers from every segment of the community to direct and accomplish the foregoing purposes.

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Evaluation Conclusions

              

United Way of Central Kentucky meets the 20 Standards for Charity Accountability.
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Programs

              

United Way brings together the resources of volunteer talent, funds, advocacy, expertise, and local business and industry with the goal of creating stronger communities and improving lives. UWCK provides over 40 programs and initiatives that help children enter school ready to learn, keep youth on track to succeed in life, and empower families to achieve financial stability while continuing to improve health and meet basic needs. Funds are raised and invested back in the communities served with support from local volunteers who rigorously review nonprofit agencies' grant applications for funding. With the Board of Directors' approval, the Community Investment Team allocates donations where the dollars will create the most impact and positive change in the community of Hardin, Breckinridge, Grayson, LaRue and Meade Counties.

For the fiscal year ended March 31, 2017, United Way of Central Kentucky's program expenses were:

  
Community Investment Grants 726,221
Program Services 140,770
Total Program Expenses: $866,991
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Governance

              

Chief Executive : Megan Stith, President & CEO
Compensation*: 
$65,462

Chair of the Board: Scott Conway
Chair's Profession / Business Affiliation: CEO, Magnolia Bank

Co-Chair of the Board : Jon Ballard, Vice Chair

Chair's Profession / Business Affiliation: Superintendent, Elizabethtown Independent Schools

Co-Chair of the Board : Ray Springsteen, Community Investment Team Chair

Chair's Profession / Business Affiliation: CEO, Fort Knox Federal Credit Union

Board Size: 19

Paid Staff Size: 5

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

Direct mail, invitations to fund raising events, radio, grant proposals, internet, membership, payroll deduction/workplace solicitations.
Fund raising costs were 11% of related contributions. (Related contributions, which totaled $1,133,151, are donations received as a result of fund raising activities.)
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Tax Status

              

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.
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Financial

              

The following information is based on United Way of Central Kentucky's audited financial statements for the fiscal year ended March 31, 2017.

Ending net assets as reported below include $175,622 in unrestricted net assets and $1,017,594 in temporarily restricted net assets.

Total assets as reported include $3,325 invested in furniture and equipment.

Source of Funds  
Net Campaign Revenue 1,097,051
VISTA Income 29,500
Grant Income 24,539
Other Income 11,561
Investment Return 3,024
Total Income $1,165,675


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Uses of Funds as a % of Total Expenses

Programs: 82%  Fund Raising: 11%  Administrative: 7% 

Total income $1,165,675
Program expenses $866,991
Fund raising expenses 119,483
Administrative expenses 72,246
Total expenses $1,058,720
Income in Excess of Expenses 106,955
Beginning net assets 1,086,261
Ending net assets 1,193,216
Total liabilities 231,869
Total assets $1,425,085


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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 BBB 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 Council of Better Business Bureaus, Inc.

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

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