2019 was not a great year for the March of Dimes and yet, they continue to endure. Just six years ago, the March of Dimes had $75 million in net fund assets and was raising nearly $200 million annually but they were spending more than they raised. Since then, the revenue has declined and the organization went into a negative net fund position because they were spending $8-$27 million more than they raised annually, had to fund a pension/post retirement fund for employees, and had losses on investments. Things were not looking good by 2016 so the organization brought in a new president in 2017 following the retirement of the longtime president. Read more
2017 was a year of changes for the March of Dimes beginning on the first day of the year when Stacey D Stewart became the non-profit’s new President and CEO (after Jennifer Howse retired after 26 years with the organization). For the first time in several years, the March of Dimes did not spend more ($152 million) than they raised ($164 million) but the organization still remained in a negative net asset or negative fund balance position. Although the $12 million of unspent revenue would supposedly help reduce the negative $13 million net fund balance, there were $7 million in net unrealized losses on investments and $3 million in changes to assets as a result of higher pension costs. All of which means, the March of Dimes is still in a negative net asset or negative net fund balance of $11 million. Better than last year ($13 million) but still not in a positive position. Read more
United Way Worldwide (United Way) is the leadership and support organization for the whole United Way network which includes approximately 1,800 local offices in 45 countries. A non-profit 501 (c) (3), United Way Worldwide is based in Alexandria, Virginia and has 247 employees who received total compensation of $28.6 million in 2016, which equates to an average compensation of $116,000. However, only 83 of the 247 employees received more han $100,000 in compensation with the 15 most highly compensated individuals listed below: Read more
United Way may refer to a number of charitable organizations throughout the world but in the United States, United Way generally refers to United Way Worldwide (formerly United Way of America) and/or one of the 1,400 offices in 40 countries and territories.
United Way Worldwide is the leadership and support organization for the whole network which includes approximately 1,200 local offices (approximately 85% of the total number of offices) in the United States (including DC, Puerto Rico, and the Virgin Islands). A non-profit 501 (c) (3), United Way Worldwide is required to submit an IRS Form 990 (a tax return that provides details on revenue, expenses, assets, liabilities, and more) annually, as does each of the local offices. Read more