The question is, who actually are the beneficiaries of that success? Hint, it’s rarely the needy.
As is the case in almost all NPOs, employees rake in pretty good salaries. The UWCM is no exception. Their 2009 Form 990, see foundationcenter.org, shows salaries was 65% of NOE (net operating exps. = total exps. - grants).
So who actually benefited from their charitable largess? Their Form 990 lists all the beneficiaries of the $4.2 million they dished out - about 61% of revenues. Charitymavigator.com placed them squarely in the middle of the pack for efficiency, awarding them 2 of 4 possible stars. The reason - a hefty payroll most likely. So why does it take $1.6 million in payroll (ca. 30 employees) to dish out $4.2 million?
Who was the happiest beneficiary of the UWCM's largess? The good ole YWCA. They raked in $315k, about 8% of total payouts. Thanks to UWCM board of director member Linda Cavaioli, who is also CEO of the YWCA. She certainly earned her $93k salary eh? You go girl.
Interestingly WPI with assets of $563 million was also a beneficiary of United Way generosity. Clark University got a nice wad of cash too, considering they have $401 million in assets. Even Fallon Clinic with $4.4 million in assets was handed a wad of cash.
How’s that possible? Suggest you look at the UWCM’s board of directors list.
Good job United Way of Central Massachusetts!
