Standards & Finances
United Way for Southeastern Michigan (UWSEM) is one of 1,300 United Ways nationwide, and operates independently of United Way of America (UWA).
Annual Reports
2009 - 2010
2008 - 2009
2007 - 2008
2006 - 2007
2005 - 2006
2004 - 2005
Financial Reports
2011 Form 990
2011 Audited Financial Statement
2010 Form 990
2010 Audited Financial Statements
2009 Form 990
2009 Audited Financial Statement
UWSEM maintains the highest standards of professionalism, accountability and transparency in our stewardship of contributor dollars and financial management. Internal control procedures include a rigid system of checks and balances that prevents the same individuals from handling transactions in isolation, and deters questionable activities.
As a matter of practice, UWSEM segregates responsibilities to limit employee involvement to specific functions within the process that are interdependent so that any irregularities that could occur are quickly discovered. The controller and other accounting staff report to the chief financial officer and are assigned individual duties to safeguard against possible wrongdoing. No one staff member is able to process any transaction from start to finish.
Our finance committee (made up of volunteers who are high-level financial professionals) oversees accounting and auditing procedures and regularly monitors the reconciling of funds in complete detail. An independent accounting firm audits UWSEM books annually — and we change firms every five years to preserve the integrity of the process. The finance committee and board of directors must review and approve the annual audits.
UWSEM is committed to maintaining the most effective financial control practices available to ensure that any type of financial impropriety is prevented or quickly identified and appropriately addressed.