United Way of the Greater Triangle

“First citizens bank forwards payroll deductions from its employees monthly with instructions confirming which united way should be given the funds. These funds accumulate monthly and are paid out monthly.”

“Board designated endowment funds: response funds are intended to be used as one-time grants to nonprofit health and human service agencies to address needs in the following categories: unanticipated emergencies, community partnership opportunities, and discretionary funds for individual/family needs. Term endowment funds: the cm and margaret d. Suther memorial fund was established in 1980. Criteria established by the trust advisory committee of wells fargo bank guides the disbursement of the income from this fund to the organization to support "renovations, repairs and capital improvements" in durham county. Permanently restricted endowment funds: the broughton scholarship fund was established in the amount of $20,000 by the family of melville broughton to provide scholarships to staff members of wake county's member agencies. The assets are subject to donor-imposed restrctions that the assets be permanently maintained by the organization and that the donor has permitted the organization to use the funds only for specific purposes. The broughton volunteer award recognizes excellence in volunteer service to the nonprofit community, and the broughton scholarship award supports a recipient agency's training budget. In addition, triangle community foundation maintains a legacy society fund for the future benefit of the organization.”

“The organization follows the fasb guidance on accounting for uncertainty in income taxes. The guidance clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statements by prescribing a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The organization's policy is to record a liability for any tax position taken that is beneficial to the organization, including any related interest and penalties, when it is "more likely than not" (more than a 50% likelihood) the position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of june 30, 2021 and 2020 and, accordingly, no liability has been accrued.”

“Donor designated amounts 1,774,186.”

“Donor designated amounts 1,774,186.”