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
