Beaufort County United Way Inc

Nonprofit profile at a glance

EIN
237128377
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Washington, NC, USA
Phone
2529756209
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$241,532
Expenses
$265,433
Assets
$358,979
Liabilities
$25,485

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • Susan Tidd (Executive Director)
  • Charlotte-Anne Alexander (President)
  • Danielle Swain (Vice President)

Highest reported compensation

  • Susan Tidd (Executive Director): $54,600 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To create solutions that improve lives by uniting people, resources and organizations, and to envision the communities of the Inner Banks region as a place where all generations come together to invest in one another.

What it reported doing in 2024

Throughout the year the Organization accomplishes its mission through the following core activities: Financial Security: The Organization supports ALICE (Asset Limited, Income Constrained, Employed) and low-income households by providing a comprehensive range of services that help families stabilize during crises, build essential money management skills, and access specialized expert support. This includes connecting individuals to financial assistance, offering ongoing coaching and education to improve budgeting, saving, and credit literacy, and facilitating access to resources like tax return preparation and workplace financial wellness. These efforts empower households to achieve lasting financial resilience and greater economic opportunity. Community Resiliency: The Organization convenes partners to enhance disaster preparedness, coordinates the mobilization of volunteer resources during emergencies, and fosters regional collaboration to support household well-being. It leads efforts in readiness, response, and recovery - ensuring access to basic needs through a network of volunteers, donation centers, and community events. Youth Opportunity: Through the Full-Service Community Schools model and other initiatives, the Organization enhances academic achievement, family engagement, and wraparound supports for children and youth. It works closely with schools and community partners to ensure every child has the opportunity to thrive. Nonprofit Empowerment: The Organization works to strengthen the local nonprofit sector by delivering impactful capacity-building resources, hosting vibrant regional convenings, and driving cross-sector collaboration. It sparks innovation, nurtures shared learning, and builds strategic partnerships that elevate the effectiveness and reach of community-serving organizations.

Operating model

Revenue model
Donor-supported. 80% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 91% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 90
  • Accountability: 79
  • Sustainability: 31
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.6%; rating input score 81
  • Program expense ratio: 72.7%; rating input score 73
  • Fundraising efficiency: $5.79 raised per $1 spent on fundraising; rating input score 25; 25th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 25th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -9.9%; rating input score 23; 23rd percentile among comparable filings
  • Total-asset coverage ratio: 1.35; rating input score 49; 49th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 20.6%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: -5.5% per year; rating input score 0; 16th percentile among comparable filings
  • Revenue growth: -6.1% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: 4.7% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: 80.6% of revenue deployed · 72.7% of spending went to programs
  • Governance: 14 of 14 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $193K in reported program spending
  • Leadership: top reported pay $55K · 15 people listed
  • Consistency: 28 of 29 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 12 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 4 of 8 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 25/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 23/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 19/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.