United Way of Central Oklahoma Inc

What it reported doing in 2024

The united way of central Oklahoma is a charitable organization with a vision to build a stronger, healthier, and more compassionate community. We accomplish this by vetting convening and funding qualified health, youth, and human service nonprofit agencies who serve the local needs of communities within seven central Oklahoma counties and by offering local volunteer opportunities to support their services. Since 1923, united way of central Oklahoma has partnered with nonprofit agencies to provide expertise, support, and solutions to meet the needs of local citizens. We fund programs of partner agencies with donations collected from the public in an annual campaign held in the fall. The donated funds are distributed the following year to partner agencies through an allocation process called community investment. To support our commitment to accountability and transparency, allocation decisions are made by more than 200 community volunteers from our donor base who invest over 4,000 hours each year in this process, as well as donor-determined designations, which are approved by united way's board of directors. United way of central Oklahoma plays an integral role in many community initiatives and programs such as recruiting, training, and matching board members with nonprofit agencies; offering volunteer opportunities for corporations to support service agencies; and publishing research to provide civic leaders and citizens information to raise awareness of current community needs as a part of the annual campaign initiative. United way of central Oklahoma also manages state and municipal employee campaigns. As single member llcs, united way of logan county, llc and united way of canadian county, llc, collect contributions from the public through an annual campaign held in the fall and then distribute the money the following year to partner agencies that serve the public interest in logan and canadian county, respectively. The grant allocations are approved by the united way of logan county, llc's and united way of canadian county, llc's advisory boards and then by the board of directors of united way of central Oklahoma. Wayfinder innovation grants the wayfinder innovation grant program is a new approach to solving our community's toughest challenges. Local nonprofits are invited to submit innovative and new creative ideas that address problems within united way of central Oklahoma's five focus areas: strong families, successful kids, healthy citizens, independent living and community preparedness; that are not currently available in the community. Finalists are invited to pitch the idea in a shark tank approach to a panel of community leaders, who select the most promising and viable ideas to receive one-time funding. Embraceokc united way of central Oklahoma works to address various social issues identified through our research by convening stakeholders and collaborating on solutions. As trends emerge, new community initiatives are created to respond to community needs. Currently, united way of central Oklahoma is active in nearly 30 community initiatives, and in 2022, we partnered with the okc public schools compact on its collaborative initiative to support behavioral health improvements throughout the Oklahoma city public school system, embraceokc. Embraceokc is a district-wide initiative to embrace mental health as preventable and treatable, to protect children's mental health for life, to achieve maximum social and emotional wellbeing for children and their families and to hold the school and community as a place of safety and support. The initiative is a comprehensive approach to achieve maximum social and emotional well-being for students and their families through school-based mental health services including awareness, prevention, early intervention and treatment. United way of central Oklahoma's role is to assist in raising funds, oversee the allocation of funds and report back to stakeholders on the impact of the pr

Financial Efficiency

• Mission deployment rate: 85%; rating input score 85
• Program expense ratio: 86.2%; rating input score 86
• Fundraising efficiency: $13.89 raised per $1 spent on fundraising; rating input score 48; 48th percentile among comparable filings

Transparency & Controls

• Consistency checks: 76.5%; rating input score 76; 0th percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 90.8%; rating input score 91; 21st 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; 66th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 2.1%; rating input score 43; 43rd percentile among comparable filings
• Total-asset coverage ratio: 1.68; rating input score 55; 55th percentile among comparable filings
• Liabilities to assets ratio: 0.2; rating input score 59; 59th percentile among comparable filings
• Officer compensation ratio: 3.5%; rating input score 63; 63rd percentile among comparable filings

Growth

• Program expense growth: -3.5% per year; rating input score 0; 5th percentile among comparable filings
• Revenue growth: -2.7% per year; rating input score 0; 4th percentile among comparable filings
• Asset growth: -0.9% per year; rating input score 0; 8th percentile among comparable filings