As a tax-exempt public charity, our charitable nonprofit embraces the values of accountability and transparency as a matter of ethical leadership, as well as legal compliance. Our leaders believe that financial transparency will help preserve the very important trust each donor places in One Way Love with each contribution. Additionally, and no less importantly, conduct that is accountable and transparent earns employee and volunteer trust and creates a positive workplace culture. Earning trust through financial transparency and accountability goes beyond what the law requires, but let’s start there: we are required to disclose certain financial information to the public upon request and our board members have access to additional non-disclosed financial information in order to fulfill their fiduciary duty to the organization.
To that end, One Way Love has adopted the guiding principles and best practices of The National Council of Nonprofits.
Tax-exempt nonprofits are required, upon request, to provide copies of the three most recently filed annual information returns (IRS Form 990) and the organization's application for tax-exemption (which includes correspondence between the organization and the IRS related to the application). To demonstrate a commitment to transparency and to make it easier for those seeking financial information to view these documents, many charitable nonprofits post these documents from a link on their websites.
Learn more about the IRS public disclosure requirements.
Due to the nature of our organization's work with youth, in the mental health space, and with victims of violence, we are bound by privacy laws which prohibit us from disclosing certain Personally Identifiable Information (PII) in relation to those we assist without their express written consent. In compliance with the law and ethical standards, only audited public financials will be disclosed. One Way Love does not operate an "open book" policy for this reason, as our raw financial data could reveal sensitive information about those we serve.
PHILANTHROPY is based on voluntary action for the common good. It is a tradition of giving and sharing that is primary to the quality of life. To assure that philanthropy merits the respect and trust of the general public, and that donors and prospective donors can have full confidence in the nonprofit organizations and causes they are asked to support, we declare that all donors have these rights:
To be assured that information about their donations is handled with respect and with confidentiality to the extent provided by law.
To be informed whether those seeking donations are volunteers, employees of the organization or hired solicitors.
To have the opportunity for their names to be deleted from mailing lists that an organization may intend to share.
To receive appropriate acknowledgement and recognition.
To feel free to ask questions when making a donation and to receive prompt, truthful and forthright answers.
To be assured their gifts will be used for the purposes for which they were given.
To have access to the organization’s most recent financial statements.
To be informed of the identity of those serving on the organization’s governing board ,and to expect the board to exercise prudent judgment in its stewardship responsibilities.
To expect that all relationships with individuals representing organizations of interest to the donor will be professional in nature.
To be informed of the organization’s mission, of the way the organization intends to use donated resources, and of its capacity to use donations effectively for their intended purposes.