Greater Twin Cities United Way: Improving Lives, Strengthening Communities
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Accounting / Reporting Practices

 

We take our role as a trusted community leader very seriously. As a result, we have a long tradition of adhering to very high standards of accountability.

Independent Organization

  • We are an independent organization founded and governed by local volunteers to help people in our region.
  • It is not a branch or chapter of any national organization.

Checks and Balances

  • We have a stringent system of checks and balances in place to ensure that it is operated in a sound fiscal manner.
  • The organization's operating budget as well as its community funding decisions are reviewed and approved by several volunteer committees, including the Board of Directors.

Audit Ratings

  • The independent CPA firm of KPMG conducts an annual audit of Greater Twin Cities United Way. The 2007 audit was completed in June 2008 and KPMG reported that our financial statements fairly and accurately present the financial position of Greater Twin Cities United Way.
  • The annual audit is reviewed by the volunteer Audit Committee and is also approved by the Board of Directors.
  • The organization also follows the American Institute of Certified Public Accountants’ (AICPA) Audit and Accounting Guide for Not-For-Profit Organizations to ensure financial statements conform with Generally Accepted Accounting Principles (GAAP).

Financial Information

  • We openly provide donors with information about how their donations are used. We welcome questions regarding these topics.
  • Request additional information.