Financial Accountability of United Way of Kenosha County
United Way of Kenosha County is one of 1,400 United Ways nationwide. Each is independently incorporated and governed by local volunteers. The resources raised locally are for programs that serve the people in the Kenosha County area.
We are a member of United Way of America which is a trade association. We are not a local chapter; in fact, United Way of America has no governing powers over local United Ways. Our benefit in this membership is derived from the extensive training, research and resources that United Way of America provided to its members.
United Way of Kenosha County has a number of checks and balances which safeguard your donation. We also post our entire Audit and our IRS 990 on our Website. Few charitable organizations do this. As a public trust we are open about our business with our donors, our volunteers, media organizations and the general public. We invite you to take a look closely at our accountability safeguards. For more information please call us at (262) 658-4104 or email us at unitedway@kenoshaunitedway.org
Our finance committee meets monthly to review expenditures, determine policy, and continually asses the overall financial health of the organization. As a matter of procedure, all checks require two signatures and one of those is the Treasurer or another officer of the board of directors. The Treasurer reports to the Board of Directors each month, and each member receives a financial status report for review.
The Chief Executive Officer at United Way of Kenosha County is Katherine Marks. Katherine attends all Finance Committee Meetings, as does Sherry Westhoff, Director of Finance. No staff member at UWKC is authorized to make policy decisions of any kind, or financial decisions that are outside of the annual budget. The Finance Committee and the entire Board of Directors approve the budget each year.
UWKC only reports those campaign pledges that have been received in writing. The Finance Committee determines how much funding is available to allocate and the Board of Directors must approve that amount. Calculated into that figure is the pledge loss deduction. Pledge loss is made up of all the pledges that are not paid. Sometimes people cannot complete their pledges. They may move or lose their job. Obviously, United Way cannot pay money that has never been received. So, pledge loss is estimated by the Finance Committee based on past experience and is deducted from the total dollars available for distribution.
Every year as part of its administrative expense, UWKC pays a reputable local accounting firm to conduct a certified audit. The Board of Directors schedules a presentation of that report each year. A copy of the full audit is available for any donor at the UWKC office or on this web site.
UWKC received its exemption from Federal income tax under the provisions of Sections 501(c)3 of the Internal Revenue code of 1954. A copy of 501(c)3 Determination Letter is on file at the office, as well as the Wisconsin Department of Revenue Certificate of Exempt Status.
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