United Way of Olmsted County Inc

“The irs form 990 is prepared by a third party tax preparer, reviewed by senior management, reviewed by the finance committee, approved and sent to the board of directors. The board of directors reviews and approves the irs form 990 before it is filed.”

“Monitoring and compliance with the conflict of interest policy is achieved by conflict of interest forms being completed annually by all board, committee and staff memebers. These forms are reviewed by the president and governance committee, with monitoring monthly. Before each meeting, participants are requested to disclose any conflict of interest based on the agenda, or as agenda items arise where a previous declaration was not noted. The president and governance committee review the minutes of the meetings for compliance of the policy. The president monitors staff activities for compliance.”

“Compensation for the president is reviewed annually by the compensation committee. The compensation committee reviews current salary and benefits, considers effectiveness and results of the individual, uses comparability data from united way worldwide human capital survey, deliberates, discusses, and presents a recommendation to the board of directors for approval. The board of directors discusses the recommendation, and either approves, changes, or rejects the recommendation. Key employees' compensation is reviewed annually by the president of the organization. The president reviews current salary and benefits, considers effectiveness and results of the individuals, uses comparability data from united way worldwide human capital survey, and is responsible for determining the compensation within allowed limits set by the board of directors. The process described here was last completed in 2025.”

“The audit of the past year financial statements and the irs 990 are available on our website at www.uwsemn.org. Our governing documents and conflict of interest policy can be obtained upon request by calling us at 507-287-2000.”

“On october 29, 1925, a joint meeting of the kiwanis and rotary clubs along with the "business men of rochester" was held and the community chest was formed. In january of 1963, the community chest became the united fund of greater rochester. In 1972 the united fund of greater rochester became the united way of olmsted county, inc. In 2025 the organization changed the name to united way of southeast minnesota.”

“Membership in united way worldwide constitutes an affiliated relationship under the irs definition of federated fundraising agencies, and as such, dues are paid to united way worldwide by united way of southeast minnesota as reported on line 21, part ix of form 990. The payment reported here is a quota support payment to united way worldwide for which united way of southeast minnesota receives: the right to use the national brand in charitable endeavors, national advocacy of issues, member education and trainings, centralized creation and support for marketing of fundraising campaigns, fostering of relationships with national organizations that support multiple members, establishment and monitoring of compliance with standards of accountability by members, establishment of policies and processes that improve operational efficiencies among members, and promotion of the concept of local community impact on a national scale.”

“The standard formula for calculating the overhead ratio among united way organizations is as follows: irs 990, part ix line 25, column c + column d (divided by) form 990, part viii, line 12, column a (total revenue) the united way of southeast minnesota overhead ratio is: 27%”