As a non-profit organization, United Way is required to:
► Be tax-exempt under Section 501(c)(3) of the Internal Revenue Code as well as from corresponding provisions of other applicable state, local or foreign laws or regulations. United Ways must file IRS Form 990 annually in a timely manner. Large United Ways will submit their entire IRS Form 990 to United Way of America annually.
► Comply with all other applicable legal local, state, and federal operating and reporting requirements (e.g., nondiscrimination, Sarbanes-Oxley Act, USA Patriot Act).
► Have an active, responsible, and voluntary governing body, which ensures effective governance over the policies and financial resources of the organization.
► Adhere to a locally developed and adopted statement to ensure volunteers and staff broadly reflect the diversity of the community they serve.
► Represent itself as a United Way in accordance with all United Way of America trademark standards and requirements.
► Support the United Way system by providing financial support to United Way of America according to the membership investment formula.
► Adhere to a locally developed and adopted code of ethics for volunteers and staff which includes provisions for ethical management, publicity, fundraising practices and full and fair disclosure. All large United Ways will submit a copy of their code of ethics to United Way of America.
► Undergo an annual audit conducted by an independent certified public accountant whose examination complies with generally accepted auditing standards and GAAP. United Ways with annual revenue totaling less than $100,000 may have their financial statements reviewed by an independent accountant. Large United Ways will submit their audited financial statements to United Way of America annually.
► Conduct every three years a volunteer-led self-assessment of their community impact work, financial management, and organizational governance and decision making.
► Annually submit to United Way of America a report of the total resources generated (annual fundraising campaign plus other resources such as in-kind donations and proceeds from special events). This report must be completed according to a policy that ensures an accurate, unduplicated national accounting for the United Way system.
► Biennially submit to United Way of America a report on United Way income and expenses.
► If managing donor designated gifts, the fees charged, if any, will be based on actual expenses. If receiving designated gifts from another United Way organization, will not deduct fundraising or processing fees.