Financial Information

 

 

 

STATEMENT OF FINANCIAL TRANSPARENCY

We are committed to financial transparency in everything we do. It is important that you know how your gifts to United Way are used and that you are investing in an organization that will wisely use your dollars to the greatest benefit of our community as a whole. Our most current audit report and IRS Form 990 are available below. We also encourage you to check out our profiles with GuideStar and Charity Navigator where we receive the highest ratings.

If you ever have a question, please contact us at 806.747.2711 or info@unitedway-lubbock.org.

 


 

FINANCIAL DOCUMENTS

 


 

2021 Campaign Giving

 

 

 

Charity Navigator

 

 

Guide Star

 

Platinum Transparency Seal


FINANCIAL STATEMENTS

December 31, 2021

Statement of Financial Position

ASSETS    
Cash $           1,717,374
Investments (Short & Long Term)    5,531,690
Pledges Receivable (Less Allowance    
   for Uncollectibles of $555,697)    4,016,989
Other Receivables    41,895
Prepaid Expenses   73,738
          Total Current Assets $         11,381,686
     
Land, Building, and Equipment -    
   (at Cost, net of Accumulated    
   Depreciation of $522,770)   622,363
     
Total Assets $         12,004,049
     
     
LIABILITIES    
Accounts Payable $               158,430
Agency Allocations  & Designations   1,407,271
Total Liabilities $           1,565,701
     
     
NET ASSETS    
Unrestricted    
  Designated by the Governing Board for:    
     Capital & Technology Improvements $                 80,000
     Casa de Amistad                   10,248
  Undesignated - General Activities             5,071,310
  Equity in Fixed Assets                 768,238
          Total Unrestricted Net Assets $           5,929,796
     
Temporarily Restricted    
  Restricted by Time and Donor for:    
     Operating Budget $ 825,991
     Future Campaigns   86,685
     Other Commitments   65,972
          Total Temporarily Restricted Net Assets $               978,648
     
Permanently Restricted    
  Restricted by Time and Donor for:    
     Endowment $           3,529,904
     
          Total Net Assets $         10,438,348
Total Liabilities and Net Assets $         12,004,049

Statement of Activities

REVENUE    
Public Support from Annual Campaign  $           6,000,183
   Less:  Campaign Support for Other Organizations:    
  State Employees Charitable Campaign   (641,397)
               Donor Designations   (137,678)
               Provision for Uncollectible Pledges (2019/20)   (276,513)
            Total Current Year Annual Campaign $           4,944,595
       
   Campaign Collections (Prior Years)   (57,695)
   Campaign Collections (2019/20)   (76,194)
     Net Annual Campaign $           4,810,706
       
Other Public Support and Revenue    
  Endowment Contributions and Pledges                  37,226
  Other Campaign Related Revenue                250,667
  Investment Income                  32,369
  Other Non Campaign Revenue: Rental, Grants                206,862
            Total Other Public Support and Revenue $              527,124
       
  Total Revenue $           5,337,830
       
       
       
ALLOCATIONS, EXPENSES, AND LOSSES    
  Allocations to Agencies $           3,686,146
  Donor Designations               (137,678)
  Capital Expenditures                  41,983
  Affiliated Organizations:    
     United Ways of Texas                  14,100
     United Way Worldwide                  63,777
            Total Allocations  $ 3,668,328
       
   Functional Expenses:    
     Community Impact  $  280,816
     Supporting Services:    
       Management and General   670,878
       Fund Raising   600,515
          Total Functional Expenses $           1,552,209
       
            Total Allocations and Expenses $           5,220,536
       
Increase (Decrease) in Net Assets $ 117,294
Net Assets - Beginning of Year           10,321,054
Net Assets - End of Year $         10,438,348

Note: The above information is summarized from the financial statements prepared by the management of the Lubbock Area United Way, Inc. as directed by its Finance and Audit Committees. The public accounting firm of Bolinger, Segars, Gilbert, & Moss will audit these statements and additional related information. Their report will be available at the United Way office and on the United Way website upon the report's completion.

 


2021 Community Partner Allocations Distribution

2021 Allocations & Designations

2021 Allocations Graph