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Accountability
At United Way, we know our success is measured by how well we deliver on our mission to make measurable improvements in our community. And we know the importance of setting high standards for ourselves and for our local partners. Therefore, we strive to maintain the highest level of accountability and transparency.
You can invest in your United Way knowing:
The United Way system has developed comprehensive requirements for completion of audited financial statements to ensure consistency and transparency. The requirements are based on current best practices in our industry as well as generally accepted accounting principles and requirements of the Financial Accounting Standards Board. The United Way system has also developed requirements for completion of the IRS Form 990 that clarify various areas of ambiguity and establish a single United Way standard for the 990 where the IRS allows for several different approaches.
United Way of Greater Richmond & Petersburg is in compliance with the spirit and intent of the U.S. Patriot Act and other counter terrorism laws. Affirmative action is taken to prevent financial, technical, in-kind or other resources from inadvertently being used for illegal acts and terrorist activities.
We consistently meet the rigorous standards for membership in accordance with United Way of America. A few key requirements include:
- Have an active, responsible, and voluntary governing body that ensures effective governance over the policies and financial resources of the organization.
- Adhere to a locally developed and adopted statement to ensure volunteers and staff broadly reflect the diversity of the community it serves.
- Adhere to a locally developed and adopted code of ethics for volunteers and staff which includes provisions for ethical management, publicity, fundraising practices, and full and fair disclosure.
- Every three years, conduct a volunteer-led self-assessment of community impact work, financial management, and organizational governance and decision making.
To view our latest IRS Form 990, please visit GuideStar’s Web site.
For a copy of our most recent audit, click here or call our Finance Department at 804.771.5867.
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