Accountability
United Way of Mid Coast Maine takes very seriously its
role as stewards of donor dollars. There are several ways in which we ensure the highest
levels of accountability:
- The use of accounting methods in compliance with the Financial Accounting Standards Board (FASB),
an organization that recommends accounting standards for non-profit organizations and for-profit businesses
- An annual, independent audit by Bruce A. Bachelder, CPA. A copy of the audit is available for public
review at United Way's office
- Filing detailed information yearly with the IRS
- The public distribution of a condensed version of our financial statements each year in our annual report
- Compliance with United Way of America standards including requirements for financial reporting
and transparency of operations
- An Administration and Finance Committee, comprised of outstanding local professionals,
who review our audit, funding plan, and budget, and ensure that we practice sound financial management
- A knowledgeable Eligibility Committee which makes sure funded agencies meet governance
and financial management standards
- Our Community Compass Overview committee and volunteers on our four Solutions Councils for
ensuring that United Way and our funded partners are making the maximum possible impact on our community
- A local, independent Board of Directors with active oversight of our mission, operations, and finances
- A Code of Ethics including protection for anyone reporting a possible breach of ethics
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To view the Audited Financial Statements, dated June 30,
2011 in PDF form, click here.
To view the Form 990 for the period ending June 30, 2011 in PDF form,
click here.
To view the 2011 Audit CEO/CFO Financial Statement Certification, click here.
To view United Way of Mid Coast Maine's Code of Ethics, click here.
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