Finances
Heart of West Michigan United Way is committed to ensuring your contribution is invested in the most effective way possible to provide maximum results. Our operating budget is audited by an independent accounting firm and is carefully reviewed by the members of the United Way Finance and Audit Committee and Board of Directors. Our complete audited financial statements are below:
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Funding Sources
United Way seeks funding from other sources in addition to its annual campaign. Examples include grants for programs like United Way’s 2-1-1, earnings from investments and endowment assets, fees for facility services rendered and rental income from office space at the United Way Center. These additional funding sources, along with campaign dollars, form the organization’s operating budget.
Total 2011 Revenue - $23,507,000
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Partner Agencies
All agencies and programs requesting United Way funding also undergo careful, regular and in-depth financial review by experienced and trained volunteers and professional staff who review audited statements and budget documents. Agencies must report annually about the impact of their programs and services. In addition, all United Way-funded agencies must be registered 501(c) 3 agencies, and must abide by the U.S. charitable laws.
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Administrative Costs
For the year ending June 30, 2011, Heart of West Michigan United Way’s fund raising and administrative costs were 8 percent. This percent represents that portion of administrative costs funded by dollars raised by the annual campaign. Almost 92 cents of every dollar donated is invested back into the community to help those who need it most.
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For further information, contact the Finance Department at (616) 459-6281.
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