Statement of Accountability
To ensure the accuracy and integrity of its financial operations, United Way of Hunterdon County (UWHC) adheres to the following policies regarding financial reporting and review:
- UWHC is independent from all other United Ways and is a local non-profit organization registered in the State of New Jersey and qualified as not for profit under section 501 (c) 3 of the IRS Code. Contributions are tax deductible for federal income tax purposes in accordance with applicable regulations.
- UWHC operations are reviewed and approved by an independent volunteer Board of Directors who serve without compensation.
- UWHC campaign pledges and financial statements for the year ended August 31, 2018 were audited and verified by BKG.
- UWHC established a 401k plan beginning September 1, 2009. The UWHC retirement plan is a defined contribution plan managed by ING through a broker relationship with AXA Advisors LLC and administered by Red Bank Pension Services, an independent plan administrator. Decisions about the investment vehicles offered are determined by ING in conjunction with AXA Advisors LLC and cannot be made independently by UWHC staff or Board volunteers.
- Recipient agencies of donor designations pay UWHC a fee of 7% for all designated pledges received to help offset the cost of fundraising from the local private campaign.
- UWHC does not withhold donor choice pledges. These pledges are distributed to local United Ways and designated agencies at the end of the quarter in which they are received.
- UWHC pays dues of 1.00% of total funds raised to United Way of America for its pro-rated share of the cost of national advertising and other supportive services.
Statement of Financial Accountability – Adopted April 2003
Updated – December 2018
The Form 990 is the annual information return for organizations exempt from federal income tax. It is a public document that provides a source of useful information about a not-for-profit organization's financial and charitable activities. The Form 990 is also a regulatory document used by the IRS to monitor the non-profit organization for its compliance with tax law. Information contained in the form includes a summary of the organization's activities, assets, receipts, expenditures, and compensation of directors, officers, and certain employees.