Our success is measured by how well we deliver on our mission to improve people's lives and see positive change in our community's social wellbeing. So we understand the importance of setting high standards for ourselves and for our partner agencies. We take seriously our role as a trusted community leader. Our promise is to serve as effective and efficient stewards of our donors' trust and their contributions.
United Way's national membership organization has developed comprehensive requirements for completion of audited financial statements. They are intended to create a uniform set of standards for local United Ways to follow. These documents ensure consistency and transparency on the part of each United Way. 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.
United Way of the Greater Capital Region is also in compliance with the spirit and intent of the U.S. Patriot Act and other counterterrorism laws. Affirmative action is taken to prevent financial, technical, in-kind or other resources from inadvertently being used for illegal acts and terrorist activities.
In addition, 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 where the IRS allows for several different approaches.