TRANSPARENCY & ACCOUNTABILITY
This How Our Practices Demonstrate Transparency and Accountability
Our accountability and transparency is demonstrated by a variety of practices, including:
•Being honest in solicitation materials and truthful and clear in communications with donors about how their gifts will be or have been used; Please see our Donor bill of rights.
•Having a conflict of interest policy that all board and staff are aware of and review regularly;
•Adopting an executive compensation policy to ensure that the full board is aware of and approves the compensation of the executive director/CEO;
•Publishing financial information on our website, such as the copy of the CUASVAHH’s application for tax-exemption, IRS Form 990, audited financial statements and annual reports, as applicable;
•Ensuring the regular review by the board of current financial statements and of the IRS Form 990 prior to filing;
•Adopting sound financial management policies, including internal controls, to ensure accountability; clarifying the board and staff’s role in financial accountability by using a board/staff agreement.
•Being transparent about who is accountable for the nonprofit’s expenditures; adopting expense policies, such as a travel expense reimbursement policy.
•Responding appropriately to requests for copies of financial reports, as required by the IRS public disclosure requirements.
◦Use an on-line tutorial from the IRS to teach your board or staff about the IRS public disclosure regulations
At CUSAVAHH we believe that other important aspects of creating a culture of transparency and accountability include adopting an internal complaint procedure for staff and volunteers, and a whistleblower policy in accordance with state laws for whistleblower protection.