uwa annual report_2007
TRANSCRIPT
2007 annual reportunited way of america
Message from the President and CEO 2
Mission and Vision 3
Promoting Financial Stability and Independence 4
Helping Children and Youth Achieve Their Potential 5
Making Connections to Get and Give Help 6
Crisis Response and Recovery / Alternative Spring Break 7
Strategic Partners 8
Tocqueville Award and Women’s Leadership Council 12
Overview of Financial Position 14
United Way of America Board of Trustees 16
table of contents
2 | United Way of America 2007 Annual Report
October 2008
In communities nationwide, United Way is working to advance the common good by creating opportunities in education, income and health that will lead to a better life for all people. Our partnership with more than 12 million individuals and thousands of businesses and organizations drives the strategies that make this goal possible. Thank you for your continued support.
In 2007 United Way of America, together with 1,300 local United Ways, led many efforts to bring positive, sustainable change in communities. We believe the most effective way to make a difference in the lives of others is to act collectively, across sectors and borders.
In 2007, United Way made progress in several key areas. We:
Established the United Way Financial Stability Partnership™, expanding Earned Income Tax Credit (EITC) outreach and free tax preparation in 33 communities nationally, serving more than 225,000 low-to-moderate-income taxpayers and returning $269 million in total tax returns to communities
Expanded the Born Learning awareness and engagement campaign to 700 markets and 6 million parents
Celebrated the 10th anniversary of 2-1-1 (the easy-to-remember number that connects people needing or giving help) by growing service to 72 percent of the U.S. population
Increased revenue to more than $4 billion.
This annual report includes details about these and other accomplishments, as well as the audited financial statements that ensure accountability of our operations. Thank you for your interest in and continued commitment to our efforts.
Sincerely,
Brian Gallagher President & Chief Executive Officer
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United Way of America 2007 Annual Report | 3
United Way is a national network of nearly 1,300 local organizations working to advance the common good by focusing on education, income and health. These are the building blocks for a good life: a quality education that leads to a stable job, enough income to support a family through retirement, and good health.
United Way of America is the national organization dedicated to leading the United Way movement. Local United Ways create long-lasting community change by addressing the underlying causes of the most significant local issues. Common focus areas include helping children and youth achieve their potential, promoting financial stability and independence, and improving people’s health. It takes everyone in the community working together to create a brighter future. So we bring together people from all across the community–government, business, faith groups, nonprofits, the labor movement, ordinary citizens–to tackle the issues. Because we all win when a child succeeds in school, when a family becomes financially stable, when people have good health.
missionto improve lives by mobilizing the caring power of communities.
visionwe build a stronger america by mobilizing our communities to improve people’s lives.
4 | United Way of America 2007 Annual Report
In 2007, the United Way Financial Stability Partnership was created to strengthen communities by tackling the underlying causes of the financial hardship facing today’s families. United Way brings together cross-sector partners to offer tools and build skills that will empower lower-income individuals and families to achieve financial independence by maximizing their income, building savings and gaining assets.
United Way announced three goals for the Partnership:
Increase by 50 percent in five years the number of eligible families (in 400 areas nationwide) who claim the Earned Income Tax Credit, a federal tax credit available to low-income workers.
Reduce by 25 percent in five years the number of households without bank accounts or with such a low credit score that they have trouble getting credit.
Give all United Ways within two years the technology to enroll eligible families in benefit programs such as the Children’s Health Insurance Program, food stamps, and Medicaid.
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2007 results included:
More than 225,000 low-to-moderate-income taxpayers were served by expanded Earned Income Tax Credit (EITC) outreach and free tax preparation services in 33 communities nationally, returning $269 million in total tax returns to communities.
Bank of America Charitable Foundation donated $500,000 to help launch the Financial Stability Partnership.
A cohort of local United Ways began developing and disseminating learning around workforce development.
With more than $200,000 in financial and in-kind support from IBM, United Way identified a benefits calculator product that aligns with the United Way Financial Stability Partnership.
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partners included:
Bank of America
IBM
Nets2Ladders Inc.
The National Fund for Workforce Solutions (a coalition including the U.S. Department of Labor and the Annie E. Casey, Ford, Hitachi, Weinberg and Knight foundations)
The National League of Cities
promoting financial stability
and independencePeople throughout our country are facing increasingly complex
and difficult economic and financial challenges. Wages have not
kept pace with the rising cost of housing, healthcare, and education
in many areas, and skill levels have not stayed in alignment with
changing industry needs. As a result, more than 30 million people
have an income below the federal poverty level, in spite of the
fact that many are employed, some with two or three jobs.
United WayFinancial Stability Partnership
United Way of America 2007 Annual Report | 5
United Way Success By 6™, the nation’s largest network of early childhood education coalitions, is galvanizing business, government and nonprofit leaders around three early learning strategies:
Equip parents, grandparents, and family/friend/neighbor caregivers to encourage early learning.
Increase the quality of care.
Advocate for early learning public policy.
2007 results included:
4,000 business leaders were engaged as early childhood champions.
500,000 children received books to build language and literary skills.
6 million parents in 700 markets saw or heard Born Learning public service advertisements, and more than half indicated they would be doing more to incorporate early learning into everyday activities as a result of the engagement campaign.
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The JCPenney Afterschool Fund provided $1.7 million in grants for the 2007-2008 school year so that 17 United Ways could provide after-school scholarships to 4,000 kindergarten through 12th-grade students.
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helping children and youth achieve their potential
Education is the cornerstone of individual and community
success. It’s essential to getting and keeping a job with a livable
wage and health benefits. It’s fundamental to a community’s
economic prosperity: a well-educated workforce attracts
world-class jobs. And it begins long before school starts.
partners included:
The Ad Council
The Association of Children’s Museums
Dolly Parton’s Imagination Library
The National League of Cities
6 | United Way of America 2007 Annual Report
2007 results included:
By year end, 2-1-1 was available to 72 percent of the United States population in 43 states.
Nearly 10 million inquiries were answered by 2-1-1 professionals across the country.
The federal Calling for 2-1-1 Legislation experienced strong bipartisan support and more than 3,300 endorsements from organizations across the U.S.
2-1-1’s essential role in disaster response was demonstrated during and after the Southern California wildfires and the floods in the Northeast and Pacific Northwest.
With financial and technical assistance from IBM, 2-1-1 centers began assessing technology and developing a roadmap for an integrated, national 2-1-1 system, accessed via web and telephone.
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making connections to get
and give helpA partnership between United Way of America and the Alliance
of Information and Referral Systems, 2-1-1 is an easy-to-
remember telephone number that connects those needing or
offering help with the full complement of services available
in the community. While the phone number remains the same
community to community, the services are reflective of the
needs and strengths of a given locality. 2-1-1 also provides
critical data to support United Way’s impact agendas.
United Way of America 2007 Annual Report | 7
2007 results included:
United Way of America staff went on-site to respond to the Virginia Tech tragedy in spring 2007, rebuilding and enhancing the local United Way’s website to provide an online giving option and setting up long-term recovery efforts with a focus on communitywide mental health programming.
The Major Relief Agency Coalition, co-convened by United Way of America and the American Red Cross, successfully coordinated response efforts of multiple nonprofits during and after the Southern California wildfires.
The final funding phase of the United Way 2005 Hurricane Response and Recovery Fund (created in response to Hurricanes Katrina and Rita) was implemented. Phase III grants were directed toward the major long-term recovery needs of the Gulf Coast. Housing, child care and mental health initiatives were the focus, with additional funds used to support a national initiative called Promoting Partnership Grants. These grants were used to encourage and reinforce national agencies working together to solve the very complex issues that continue to hinder progress in the Gulf.
The Promoting Partnership Grant Fund, based on the ongoing needs identified in the Voices from the Gulf Coast report published in 2006, was created to provide more than $1.5 million in funding for 12 partnerships among Leadership 18 affiliates in the Gulf Coast region. Leadership 18 is a coalition of the country’s largest and most well-respected human development nonprofit organizations.
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crisis response and
recoveryUnited Way of America continued to strengthen its position
in the disaster arena as the leader in long-term recovery.
Long after the first responders have left, United Way remains,
working to rebuild lives and communities day in and day out.
UNITED WAy ALTERNATIvE SPRINg BREAk
The United Way Alternative Spring Break program, which was created after Hurricanes Katrina and Rita to enable young people to assist in long-term recovery, grew from one week to four weeks of service in southwest Louisiana.
2007 results included:
379 young volunteers served 27,059 hours of service and paid back $496,000 of Louisiana’s cost share to FEMA.
After Alternative Spring Break, 84 percent of participants said they were more likely to volunteer in the future, and 73 percent said their experience gave them new ideas for getting involved and making a difference in their communities.
Young adults made their voices heard in the Gulf Coast by advocating for continued recovery efforts in key media including The Chicago Tribune and The Los Angeles Times.
FedEx Corp. and GameStop/EB Games sponsored the 2007 program; FedEx Corp. increased its support of Alternative Spring Break for 2008 and was joined by Deloitte Services LP.
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8 | United Way of America 2007 Annual Report
2007 highlights:
National Corporate Leaders and their employees and retirees invested more than $1 billion in communities through United Way, representing one quarter of the system’s revenue. For the eighth consecutive year, United Way’s largest supporter was UPS, whose foundation, employees and retirees contributed $60.8 million to improve lives and strengthen communities.
Xcel Energy received the Spirit of America award, United Way’s highest corporate honor.
Six corporations received Summit Awards: Daimler Chrysler, General Mills, Kellogg, Microsoft, Nationwide and Target.
GE/NBC Universal’s “Today Show” anchor Ann Curry bungee-jumped to raise funds for United Way. In addition to the publicity, NBCU sponsored an online auction from its hit TV shows including “Heroes” and “The Office,” with a portion of the proceeds benefiting United Way.
During the United Way campaign in September, Publix featured United Way on all plastic and paper grocery bags in every Publix store – more than 900 locations.
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strategicpartners
United Way of America works with 120 top national and global
corporations to advance the common good in communities
through fundraising, volunteerism and strategic partnerships.
national corporate leadership
participating companies3MAbbott AccentureAetna Inc.Agilent Technologies, Inc.Air ProductsAlbertson’s, LLCAlcatel-LucentAllstateAmerican Express CompanyAshland Inc.AT&T Automatic Data Processing, Inc.Avery Dennison AXA EquitableBank of AmericaThe Bank of New York MellonBest Buy Co., Inc.The Boeing CompanyBristol-Myers Squibb CompanyC&S Wholesale Grocers, Inc.CargillCaterpillar Inc.Ceridian Chevron CorporationChrysler LLCCitigroup Inc.Citizens Financial Group, Inc.Colgate-PalmoliveComcast Corporation Costco WholesaleDeere & Co.Deloitte & Touche USA LLPDelphi Corporation Delta Air Lines, Inc.Deluxe CorporationDominionThe Dow Chemical Company
Duke Energy DuPont Eastman Kodak CompanyEaton CorporationEDSEli Lilly and CompanyExxon Mobil CorporationFedEx CorporationFluor CorporationFMC Technologies, Inc.Ford Motor CompanyGEGeneral Mills, Inc.General Motors CorporationGoodyear Tire & Rubber CompanyGuardsmark, LLCHarris Bank and BMO Capital MarketsThe Hershey CompanyHewlett-Packard CompanyHoffman-La Roche Inc.HSBC – North AmericaIBM CorporationIllinois Tool Works Inc.INGIntel CorporationInternational PaperJCPenneyJohnson & JohnsonJPMorgan Chase & Co.Kellogg CompanyKimberly-Clark Corporation Limited Brands Lockheed Martin CorporationLowe’s Companies, Inc.Macy’s, Inc.Marriott International, Inc.Merck & Co., Inc.Merrill Lynch & Co., Inc.MetLife, Inc. Microsoft CorporationMorgan Stanley Motorola
NationwideNCR CorporationNew York Life Insurance CompanyNorthwest AirlinesPfizer IncPitney Bowes Inc.Principal Financial Group PricewaterhouseCoopers LLPProcter & GamblePrudential Financial, Inc.Publix Super Markets, Inc.Qwest Communications International, Inc.Raytheon CompanyRohm and Haas CompanyRR Donnelley Sara Lee Shell Oil CompanySprintSUPERVALU INC.Target Texas InstrumentsThe Travelers Companies, Inc.United Airlines United Technologies CorporationUPSUSAAU.S. BankValero Energy CorporationVerizon Wachovia CorporationWal-Mart Stores, Inc.Walgreen Co.WaMuWellPoint, Inc.Wells Fargo Weyerhaeuser CompanyWhirlpool CorporationWilliamsXcel EnergyXerox Corporation
United WayNational Corporate Leadership
United Way of America 2007 Annual Report | �
®
Since 1973, United Way and the National Football League and its
teams have worked together to strengthen America’s communities.
As the most visible and longest running charitable collaboration of
its kind, this partnership is a shining example of the tangible good
that can be leveraged when two household icons are harnessed into
a powerful vehicle for real change in communities. In 2007, the NFL
and United Way began leveraging resources and relationships to
raise awareness about the importance of youth health and fitness
and to create opportunities for kids to lead healthier lifestyles.
national football league
2007 highlights:
The NFL & United Way public service advertising campaign reached 85 percent of American households with ads on CBS, FOX, NBC and ESPN. The campaign represents more than $20 million annually in national airtime furnished by the NFL.
In 22 cities the NFL & United Way Hometown Huddle, a collection of community service events implemented with NFL teams and United Ways on a single day, was focused on youth fitness in projects ranging from teaching the basic concepts of fitness and nutrition to building youth fitness zones and playgrounds.
The NFL & United Way Thanksgiving Day Halftime Show integrated the issue of youth fitness into the on-field messages and featured two minutes of video promoting youth fitness as it was broadcast live to more than 40 million television viewers nationwide.
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strategicpartners
Mike McKenzie, New Orleans Saints
10 | United Way of America 2007 Annual Report
The Ad Council is a nonprofit organization that delivers critical
messages to the American public by marshalling volunteer talent
from the advertising and communications industries, media
time and space, and the resources of the business and nonprofit
sectors. Since 2005 the Ad Council’s distribution of United Way’s
Born Learning public service advertising has garnered more
than $123 million in donated media while exposing millions of
parents and caregivers to simple tips about how to incorporate
learning into their everyday interactions with their children.
the ad councilstrategicpartners
In 2007, United Way of America partnered with United Way International in an intense visioning and business planning process to create a truly global United Way network. This work was done in partnership with United Way leaders from Canada, Columbia, Hungary, Jamaica, Korea, South Africa, Venezuela, and the United States and was informed by a host of other valued stakeholders from around the world. Their vision was to create a network that leverages learning, resources and reputation that will, in turn, help to expand and deepen the capacity of local and national United Ways around the globe.
In June, the Boards authorized the establishment of a Global Transition Board to implement the vision for a global United Way network and system. The Transition Board launched in December and was charged with executing a vigorous stakeholder engagement strategy; designing governance elements for the future global organization and system; and all due diligence related to incorporating the new global organization. The Transition Board was convened by Chair Steve Richardson, Senior Vice President, Organization Capabilities and Chief Talent Officer, American Express Company, and included leaders from Australia, Canada, China, France, Hungary, India, Indonesia, Jamaica, Uganda, the United States, and Venezuela.
a global united way
United Way of America 2007 Annual Report | 11
United Way continued to build on its 66-year partnership with
the labor movement. 180 state and local AFL-CIO Community
Services Liaisons serve as links between their state federations
and central labor councils and United Ways in 160 communities
across the United States. In addition, 15 local labor agencies
and four state agencies receive direct United Way support.
organized labor
2007 highlights:
Sam Bianco, president of the Greater Wilkes-Barre Labor Council (AFL-CIO) and a member of UNITE HERE and the United Mine Workers of America, was the 2007 recipient of the Joseph A. Beirne Community Services Award. The Beirne Award recognizes union members for outstanding volunteer service with United Way.
United Ways played a key role in helping letter carriers collect 70.7 million pounds of food to help feed the needy during the annual one-day National Association of Letter Carriers National Food Drive.
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•putting principle into practice: diversity and inclusion
United Way of America crafted a toolkit that provides a framework for analyzing existing diversity and inclusion strategies and effective practices both within and outside of the United Way system. In addition, the 2006/2007 Progress Report for Diversity and Inclusion captured and summarized the progress United Way of America has made toward achieving diversity and inclusion. This document was widely distributed and was submitted as public record at a Congressional hearing regarding whether or not charities are doing enough to serve poor and diverse populations.
The Inclusion Council for the United Way System was created in 2007 and worked to engage nine Business Resource Groups in a systematic and thorough effort to answer important questions related to the critical business and system issues around diversity and inclusion. Almost 400 United Way staff participated in the engagements.
strategicpartners
United WayStrategic Alliances and Inclusion2006-2007 Diversity and Inclusion Progress Report
When in the course of human events it becomes necessary
for one movement to declare its commitment to values
that it holds to be fundamental to the success of its work
and for the betterment of its communities,
it is imperative that it openly and visibly embody these values.
One such value at the heart of the United Way movement is Inclusion.
Inclusion is the leveraging of diversity by bringing together
unique individual backgrounds, experiences and thinking
to collectively and more effectively
address the issues facing our communities.
12 | United Way of America 2007 Annual Report
The United Way Tocqueville Society was formed in 1984 to deepen individual
understanding of, commitment to, and support of United Way’s mission and
vision. Comprising individuals who contribute at least $10,000 to a member United
Way, the Tocqueville Society recognizes local philanthropic leaders and volunteer
champions around the world who have devoted time, talent, and funds to create
long-lasting changes by tackling our communities’ most serious issues.
In 2007 the Tocqueville Society recognized the Gates Family—Bill Gates Sr., his late wife
Mary Gates, his wife Mimi Gardner Gates, and his children, Bill Gates Jr., Kristi Blake and
Libby Armintrout—for their leadership and exemplary service to their local community,
the nation and the world. The Gates Family received the United Way Tocqueville Society
Award®, United Way’s highest honor for volunteers. Previous winners include former
Presidents Ronald Reagan and Jimmy Carter, John Glenn, Bob Hope and Henry Ford II.
United Way Tocqueville Society
Bill Gates Sr. (center), with daughters Kristi Gates Blake (left) and Libby Gates Armintrout (right) at the High Museum of Art in Atlanta
United Way of America 2007 Annual Report | 13
United Way Women’s Leadership Council
United Way Women’s Leadership Councils improve people’s lives by mobilizing
the caring power of women in our communities. Members of Women’s Leadership
Councils advance the common good by making a personal financial commitment,
advocating for issues important to them, and taking a leadership role in United Way’s
work. More than 140 communities have Women’s Leadership Councils, with more than
30,000 members reflecting the diversity and inclusiveness of their communities.
The 2007 United Way Summit on Women in Philanthropy was held April 12-14 at the Westin
Riverwalk in San Antonio, Texas. Over two hundred leaders in women’s philanthropy joined
together to be educated on promising practices; engaged with other like-minded women
who share a passion for improving communities; and were empowered to achieve more
through the combined effort of many. The Summit’s speakers included Mavis Leno, Dr. Clair
Gaudiani, Dr. Johnnetta Cole, Ann Compton, Patricia Diaz Dennis and Brian Gallagher.
Learning Lab participants at the 2007 United Way Summit on Women in Philanthropy in San Antonio, Texas
14 | United Way of America 2007 Annual Report
overview offinancial position
Impact of SFAS No. 158In September 2006, FASB issued Statement 158, Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans, an amendment of FASB Statement No. 87, 88, 106, and 132(R). Statement 158 requires organizations, including UWA, to recognize the funded status (i.e., the difference between the fair value of plan assets and the projected benefit obligations) of its defined benefit pension and other post retirement plans on its consolidated balance sheet, with a corresponding adjustment to unrestricted net assets. The adoption of the provisions of Statement 158 resulted in an approximate $12,700,000 decrease in UWA’s consolidated net assets.
Subsequent Event: Sale of United eWayUnited eWay is a wholly owned subsidiary of UWA that combines advanced online giving with integrated pledge processing and fund distribution services for corporate philanthropic programs. On June 30, 2008, eWay sold substantially all of its assets and transferred certain of its liabilities to Create Hope, Inc., a for-profit Delaware corporation. Revenue for eWay was approximately $6,512,000 for the year ended December 31, 2007.
Funds Distribution provides support for the processing and distribution of charitable funds raised through Local United Ways and corporate campaigns.]
Investor Relations provides support for system-wide programs including National Corporate Leadership, major gifts, Alexis de Tocqueville program, planned giving, and community and public sector campaigns.
Community Impact Leadership provides grant distribution services, community building, national agencies’ support, volunteer development, early childhood development, financial stability, 2-1-1 initiative, and Success By 6®.
Center for Community Leadership provides training programs for volunteers and staff, national conferences, and organizational learning.
Public Policy leads UWA’s federal advocacy efforts on behalf of the United Way movement to promote key issues before Congress and the White House. Also, it provides regional and technical consultative
support to local United Ways, coordination of national activities at the regional level, and crisis response.
Brand Leadership manages branding & promotion, public relations, research, publishing & production of campaign films and materials, production of National Football League television spots, and internal communication.
Support Services are related to fundraising efforts and the general and administrative activities that support the United Ways’ programs.
Other expenses provide support for activities which contribute to the accomplishment of United Ways’ mission and areas of focus.
OtherExpenses
10%
FundsDistribution
27%Public Policy
13%
Center forCommunity Leadership
8%
Brand Leadership
12%
InvestorRelations
9%
CommunityImpact
Leadership
9%
SupportServices
12%
2007 uwa consolidated total expenses (in thousands)
2007 TotalInvestor Relations $ 6,363 8.62%Comm Impact Leadership $ 6,389 8.65% Ctr for Comm Leadership $ 6,133 8.31%Public Policy $ 9,242 12.52%Brand Leadership $ 8,672 11.75%Other Expense $ 7,234 9.80%Funds Distribution $ 20,826 28.21%Support Services $ 8,963 12.14%Consolidated $ 73,822 100.00%
Membership support payments are received annually from local United Ways for continued membership in the United Way system. The local United Ways receive the benefits of membership and must comply with standards established by UWA.
Campaign efforts include charitable funds raised from employees and companies through United Way campaigns at a group of participating companies whose employees live and/or work in the New York Tri-State region. The Tri-State regional office is responsible for collecting and distributing these campaign funds.
Contributions are funds donated to support United Way of America’s mission and its programs that promote Education, Income, and Health. These funds consist of unrestricted, temporarily restricted, and permanently restricted donations.
Other revenue includes income generated from the sale of promotional materials, program service fees, investment activity, conferences, rent and non-professional service, transaction fees, and miscellaneous activity.
Other Revenue
22%
MembershipSupport
38%
CampaignEfforts
22%
Contributions
18%
2007 uwa consolidated total revenue (in thousands)
2007 TotalMembership Support $ 29,364 37,42% Campaign Efforts 17,366 22.13%Contributions 14,22 4 18.13%Other Revenue 17,509 22.31%Consolidated $ 78,463 100.00%
United Way of America 2007 Annual Report | 15
United Way of America and Subsidiaries Consolidated Statements of Activities
Period ended December 31, 2007 (In thousands)
Revenues Consolidated Public support: Membership support, net $ 29,364 Total campaign efforts $ 81,799 Less gross amounts raised on behalf of others $ (64,764) Less allowance for uncollectible pledges $ 331 Contributions $ 14,224 Total public support $ 60,954 Other revenue: Promotional material sales $ 6,038 Program service fees $ 689 Investment income $ 2,121 Conferences $ 2,851 Rental and service income $ 338 Transaction fees $ 4,626 Miscellaneous and other $ 846 Total other revenue $ 17,509 Total revenues $ 78,463
Expenses Program services: Investor Relations $ 6,363 Community Impact Leadership $ 6,389 Center for Community Leadership $ 6,133 Public Policy $ 9,242 Brand Leadership $ 8,672 Enterprise Services $ 1,514 Campaign and public relations $ 1,493Cost of goods sold $ 2,956 Selling expenses $ 1,271 Funds distribution $ 20,826 Total program costs and cost of revenue $ 64,859Supporting services: General and administrative $ 8,353 Fundraising $ 533 Provision for income taxes $ 77 Total supporting services $ 8,963Total expenses $ 73,822Adjustments to Net Assets: Postretirement liability $ 4,641 Change in tax liability $ 218 Change in pension and postretirement liability $ 4,910 Effect of Adopting Statement 158 $ (12,708) Change in net assets $ (2,939) Net assets and equity beginning of year $ 20,608 Net assets and equity end of period $ 17,669
United Way of America and Subsidiaries Consolidated Statements of Financial Position
Period ended December 31, 2007 (In thousands)
Assets ConsolidatedTotal current assets $ 96,608Total noncurrent assets $ 11 ,230
Total Assets $ 107,838
Liabilities and net assets and equity Total current liabilities $ 73,395Total noncurrent liabilities $ 16,774
Total Liabilities $ 90,169
Net assets and equity: Unrestricted $ (1,306) Temporarily restricted $ 18,217 Permanently restricted $ 366 Retained earnings - UW Store $ 392
Total net assets and equity $ 17,669
Total liabilities and net assets and equity $ 107,838
16 | United Way of America 2007 Annual Report
CHAIR OF THE BOARD
William G. Parrett, Retired Chief Executive Officer, Deloitte Touche Tohmatsu LLP New York, New York
IMMEDIATE PAST CHAIR
Rodney E. Slater, Partner, Patton Boggs LLP Washington, D.C.
SECRETARY OF THE BOARD
Linda Chavez-Thompson, Executive Vice President Emerita, AFL-CIO Washington, D.C.
TREASURER AND CHAIR, FINANCE COMMITTEE
Phillip Baldwin, President and CEO, Southern Bancorp, Inc. Arkadelphia, Arkansas
VICE CHAIR OF THE BOARD
Charlotte Lunsford Berry, Board Member Columbia, South Carolina
VICE CHAIR OF THE BOARD
Barbara J. Easterling, Secretary-Treasurer, Communications Workers of America Washington, D.C.
CHAIR, MEMBERSHIP ACCOUNTABILITY COMMITTEE
Karol DeWulf Nickell, Des Moines, Iowa
CHAIR, AUDIT COMMITTEE
Roberto E. Santa Maria, Office Managing Partner, PricewaterhouseCoopers, LLP Hato Rey, Puerto Rico
CHAIR, EXECUTIVE COMPENSATION COMMITTEE
Ann Stallard, Executive Vice President, Graphic Communications Corporation Lawrenceville, Georgia
AT-LARGE BOARD MEMBERS
David Barnes, Senior Vice President and CIO, United Parcel Service (UPS) Atlanta, Georgia
Arthur P. Bellis, Principal, Bellis Enterprises New York, New York
David J. Bronczek, President and CEO, FedEx Express Memphis, Tennessee
Joe Browne, Executive Vice President, Communications and Public Affairs, NFL New York, New York
George Clooney, Board Member Studio City, California
Johnnetta B. Cole, Ph.D., Chair, The Johnnetta B. Cole Global Diversity & Inclusion Institute Greensboro, North Carolina
Peggy Conlon, President and Chief Executive Officer, The Advertising Council, Inc. New York, New York
Antonia Cortese, Executive Vice President, American Federation of Teachers Washington, D.C.
John J. Dooner, Jr., Chairman and CEO, McCann WorldGroup New York, New York
Sally Fernandez, President, Fernandez Group Tucson, Arizona
The Rt. Rev. Carol J. Gallagher Newark, New Jersey
J. Barry Griswell, Chairman and CEO, Principal Financial Group Des Moines, Iowa
Bill Matassoni, Partner, Baldwin Bell Green LLC New York, New York
Manuel (Manny) Mirabal, President and CEO, National Puerto Rican Coalition, Inc. Washington, D.C
Joe Solmonese, President, Human Rights Campaign Washington, D.C.
Carolyn Williams, Director, Human Services, IBEW, AFL-CIO Washington, D.C.
Raul Yzaguirre, Professor of Practice in Community Development and Civil Rights, Arizona State University Tempe, Arizona
EMERITUS BOARD MEMBER
William H. Gates, Sr., Co-Chair, Bill and Melinda Gates Foundation Seattle, Washington
united way of america board of trustees 2007-2008
United Way of America 2007 Annual Report | 17
coming in 2008
United Way of America 701 North Fairfax Street Alexandria, Virginia 22314-2045 www.liveunited.org
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