We Adhere to Comprehensive Requirements for Audited Financial Statements That Ensure Consistency and Transparency
We require that our financial statements conform to current best practices among non-profit organizations as well as generally accepted accounting principles. United Way’s system also requires completion of the IRS Form 990 in order to ensure transparency, using consistent standards.
Independent Organizations
United Way Quad Cities (UWQC) is an independent organization governed by local volunteers mobilizing people and resources to improve lives in our community. UWQC is a member of United Way Worldwide and is required to complete annual certification requirements for membership.
Strict Checks and Balances
To ensure that UWQC is operated in a fiscally responsible manner, a rigorous system of checks and balances is in place. With the support of our volunteer Finance Committee, as well as our Board of Directors, we keep a watchful eye on our budget to make sure we are being good stewards of the community’s dollars. In addition to the organization’s operating budget, the Board of Directors reviews and approves its community funding decisions.
Audit
UWQC’s financial statements are audited by an independent CPA firm each year. These independent auditors reported our financial statements to fairly and accurately reflect the financial situation of the United Way Quad Cities. A voluntary Audit Committee reviews the annual audit process with the independent CPA firm, which is then approved by the Board of Directors, along with the annual IRS Form 990 filing.
Financial Records
Give with Confidence
We exceed the standards for efficiency, management and compliance:
- We disclose the findings of our annual audit, conducted by an independent firm.
- We protect donor contributions to other nonprofits by verifying each agency’s IRS eligibility.
- We are proud to be a Better Business Bureau accredited charity. View our profile at www.give.org.
