Page 23 - United Way 2020 Brochure
P. 23
Condensed Statement of Activities For the year ended December 31, 2019
REVENUES AND OTHER SUPPORT 2019
Gross campaign revenue $37,726,380
Less donor designations (3,488,113)
Less allowance for uncollectible pledges (2,101,921)
TOTAL CAMPAIGN – NET 32,136,346
Grants and other restricted revenue 45,062,589
Excess revenue over pledge loss 550,170
Endowment contributions 169,962
Campaign management fees 160,242
Gift-in-kind contributions 337,547
Initiative funding and transfers 1,073,042
Agency health insurance program 9,236,707
Sales and service to the public 703,029
Investment income (loss) 5,771,057
Sponsorship revenue – direct projects 170,930
Other revenue 1,735,180
TOTAL REVENUE AND OTHER SUPPORT 97,106,801
EXPENSES
Funds allocated to partner agencies, initiatives and programs 27,083,561
Other allocations 2,021,791
Less allocations funded through designations (4,227,021)
Community and agency services 49,716,983
Agency health insurance program 7,962,307
Sponsorship expenses – direct projects 143,732
Special events – net 190,775
TOTAL ALLOCATIONS AND COMMUNITY SERVICES 82,892,128
Fundraising expenses 2,913,644
Administrative expenses 2,084,794
TOTAL FUNDRAISING AND ADMINISTRATIVE COSTS 4,998,438
TOTAL EXPENSES 87,890,566
CHANGE IN NET ASSETS FROM OPERATING ACTIVITIES 9,216,235 The condensed statements of financial position and
activities were derived from the audited consolidat-
Pension-related changes other than net periodic costs (1,264,910) ed and combined financial statements of United
TOTAL CHANGE IN NET ASSETS 7,951,325 Way of Central Alabama, Inc. and Subsidiaries and
Affiliates as of and for the year ended December 31,
NET ASSETS – BEGINNING OF YEAR 77,715,442 2019, which were audited by Warren Averett, LLC.
NET ASSETS – END OF YEAR $85,666,767 A complete copy is available at www.uwca.org.