UNFCU Foundation Inc. meets the 20 Standards for Charity Accountability.
UNFCU Foundation reports that it supports organizations and initiatives that work to eradicate extreme poverty and hunger in New York City and globally; promotes gender equality; supports organizations and initiatives that empower girls and other youths in developing countries and in New York City by offering them opportunities for self-development; supports organizations that combat AIDS/HIV, malaria, and other diseases; and, supports organizations that promote environmental sustainability and provide disaster relief. The organization reports that in 2018 it supported projects from 12 organizations, offering health services, education, and job skills training to communities in Afghanistan, Dominican Republic, Guatemala, Kenya, Nigeria, Uganda, the Philippines, and the US, benefiting more than 2,426 women and 1,851 youth.
For the year ended December 31, 2018, UNFCU Foundation Inc.'s program expenses were:
Grants |
$660,530 |
Relief effort support |
$25,921 |
Total Program Expenses: |
$686,451 |
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Chief Executive
Yma Gordon-Reid, Executive Director
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Compensation*
$0
-
Chair of the Board
Pamela Agnone
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Chair's Profession / Business Affiliation
Senior Vice President, Retail Services, UNFCU
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Board Size
7
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Paid Staff Size
0
*2018 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Note: UNFCU Foundation reports that Ms. Gordon-Reid volunteers her time.
Method(s) Used:
Internet, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.)
Fundraising costs were 8% of related contributions. (Related contributions, which totaled $855,989, 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 Inc.'s audited financial statements for the year ended December 31, 2018.
Source of Funds |
Contributions |
$637,667 |
Special events, net |
$128,360 |
In-kind revenue |
$89,962 |
Other income |
$1,940 |
Total Income |
$857,929 |
- Programs: 83%
- Administrative: 10%
- Fundraising: 7%
Total Income |
$857,929 |
Program expenses |
$686,451 |
Fundraising expenses |
$66,284 |
Administrative expenses |
$82,399 |
Other expenses |
$0 |
Total expenses: |
$835,134 |
Income in Excess of Expenses |
$22,795 |
Beginning Net Assets |
$169,546 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$192,341 |
Total Liabilities |
$6,847 |
Total Assets |
$199,188 |
Note: As reported in the organization’s audited financial statements for the year ended December 31, 2018, UNFCU Foundation received in-kind donations totaling $89,962 in the form of in kind payroll ($87,462) and occupancy $2,500).