High standards for the greatest impact.
We set high standards for ourselves and our partners so that together, we can create the greatest impact in our community.
Rappahannock United Way adheres to all the accountability requirements that United Way Worldwide has established, as well as Financial Accounting Standards Board (FASB), Generally Accepted Accounting Principles (GAAP), and IRS Financial Guidelines for Non-Profits.
Consistency and Transparency
The United Way system has developed comprehensive requirements for audited financial statements. They provide a uniform set of standards for all United Ways in the preparation of audited financial statements and 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 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 form; whereas the IRS allows for several different approaches.
In 2003, United Way Worldwide implemented membership standards that help local United Ways to measure success, set high standards for themselves and their local partners, and enhance accountability and transparency. RUW must demonstrate our adherence to these requirements on an annual basis.
Rappahannock United Way 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.