The United Way system has developed comprehensive requirements for completion of audited financial statements. They are intended to create a uniform set of standards for all United Ways to follow in preparing audited financial statements to 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. The United Way system has also developed requirements for completion of the IRS Form 990 that clarifies various areas of ambiguity and establishes a single United Way standard for the 990 where the IRS allows for several different approaches.

• United Way of Coastal Fairfield County (UWCFC) incurs fundraising costs of sales and marketing for the campaign and for distributing campaign results. 

• UWCFC complies with UWA’s cost deduction requirements for Standard M. 

• The fees assessed by UWCFC are based on a 3-year average of actual overhead rates as calculated from IRS Form 990 tax returns. 

• The administrative fee for 09 - 10 is 19%. This amount consists of 8% management and general fee and 11% for fundraising costs capped at $250. 

• UWCFC has the responsibility of managing and processing the United Way Campaigns certain regional and national accounts. 

• In compliance with UWA membership requirement standards, UWCFC does not charge fundraising fees to United Ways who have proven that they have significant fundraising responsibilities and costs associated with managing the United Way campaign. Fundraising fees deducted from designations paid directly to agencies are reimbursed to the fundraising United Way.

 

2008 Annual Report

UWEFC 2007 Form 990

UWNW 2007 Form 990

UWWW 2007 Form 990