United Way of South Hampton Roads Foundation
Nonprofit profile at a glance
- EIN
- 541929483
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Norfolk, VA, USA
- Phone
- 7578538500
- Rating
- 49
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $41,807
- Expenses
- $9,639
- Assets
- $59,471,838
- Liabilities
- $57,973,229
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- Ronald M Uren (Chief Executive Officer)
Highest reported compensation
- Ronald M Uren (Chief Executive Officer): $300,073 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of the Foundation is to benefit and carry out the purposes of United Way of South Hampton Roads by providing a long-term base of financial support for United Way, its certified agencies and its charitable, social, educational, and human service programs, activities and purposes.
What it reported doing in 2024
The purpose of the foundation is to benefit and carry out the purposes of United Way of South Hampton Roads by providing a long-term base of financial support for united way, its certified agencies and its charitable, social, educational, and human service programs, activities and purposes.Agency Affiliate Funds: The foundation provides an opportunity for local agencies to invest their funds with that of the foundation. This opportunity provides professional management and oversight of invested funds. Agency affiliated fund agreements are approved by the board of trustees.Donor Advised Funds: The foundations donor advised giving program facilitates grants to domestic organizations, based upon recommendations by program contributors that meet programmatic interests of both the donor and the foundation. Through international donor advised giving, donors can provide funding for grants to a variety of charitable organizations.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
MIXED - Most voting board members are independent and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 13
- Transparency & Controls: 60
- Accountability: 95
- Sustainability: 75
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 6.5%; rating input score 7
- Program expense ratio: 28.3%; rating input score 28
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 92.3%; rating input score 92; 27th percentile among comparable filings
- Governance controls: 8 of 8 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: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 76.9%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 6,169.92; rating input score 100; 100th percentile among comparable filings
- Liabilities to assets ratio: 0.97; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 415.4%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: -20.7% per year; rating input score 0; 17th percentile among comparable filings
- Revenue growth: 7.6% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 19.9% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 6.5% of revenue deployed · 28.3% of spending went to programs
- Governance: 12 of 13 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $3K in reported program spending
- Leadership: top reported pay $300K · 15 people listed · 0 of 6 pay-setting controls reported
- Consistency: 15 of 15 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- 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.
- High — Financial Efficiency: Mission deployment rate scored 7/100.
- High — Financial Efficiency: Program expense ratio scored 28/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 6/100.