TRANSPARENCY BUILDS TRUST
Monadnock United Way uses a structure of management and oversight to ensure financial accountability and high ethical standards.
OUR ACCOUNTING PROCESS
Monadnock United Way’s annual budget and financial statements — including fundraising results, investments and operating expenses — are reviewed by our Finance Committee and subject to approval by our Board of Directors.
Community investments are reviewed and informed by community volunteers who serve on our Investment Review Teams and subject to approval by our Board of Directors.
Our financial statements are audited annually by the certified public accounting firm of Oster & Wheeler in Keene, New Hampshire, which reports to our Finance Committee and Board of Directors. The independent auditors have expressed an unqualified opinion that our financial statements are presented fairly, in all material respects, in compliance with U.S. generally accepted accounting principles.
Monadnock United Way has an Investment Process which ensures fiscal and program accountability while meeting the social service needs of the Monadnock region of New Hampshire.
The Investment Review Teams deploy Monadnock United Way financial support to collective impact initiatives and individual agencies that have the most effective and promising programs aimed at solving the issues outlined in our five-year strategic plan. The investment system is designed to be accountable to the donor, responsive to people's needs and inclusive of programs to which the givers wish to contribute.
As Monadnock United Way phases in the new investment strategy outlined in our strategic plan, we have two sets of Investment Review Teams – those reviewing proposals for initiatives focused on the area of children, and those reviewing transition proposals from current MUW partners as they await the opening of Requests for Proposals (RFPs) for education, financial stability and basic needs.
Investment Review Teams are made up of volunteers from the entire Monadnock region, and represent the demographical diversity of the general population, including in aspects such as experience and age. The teams reviewing children’s proposals, and future teams that will review education and financial stability proposals, will include experts in the respective fields.
Committee members read proposals, visit programs, listen to presentations and converse with the Collective Initiatives and individual agencies seeking funding. This dedicated group of volunteers is trained to look for initiatives whose outcomes measurably improve the needs outlined in our strategic plan. A new, enhanced evaluation system allows committee members to utilize a rubric to evaluate proposals based on such things as performance outcomes, organizational capacity and compliance with current contracts and proposals.
Members of the Investment Review Teams stay with the teams over a two-year funding cycle to:
- provide guidance and expertise to partners throughout the funding cycle
- review and monitor progress to ensure that funded initiatives are meeting their goals
Each Investment Review Team member commits approximately 100 hours each year.
OUR CODE OF ETHICS
Monadnock United Way is committed to the highest ethical standards. Based on the unique trust placed in Monadnock United Way to serve the public good, we have a special obligation to act ethically. Volunteers, staff, and representatives set an example for each other by their pursuit of excellence in high standards of professionalism and ethical conduct.