ACCOUNTABILITY AND DISCLOSURE GUIDE
Challenge Aspen is committed to operating to the highest standards of accountability, transparency and ethics. We seek to earn your trust by sharing information on how we operate and use donated dollars to achieve our mission. The following details reflect our commitment to donors, volunteers and the people we serve.
Internal and External Oversight
The Directors who serve and oversee Challenge Aspen help to develop and advance the interests of our donors in ways that go beyond just raising money. Good governance is more than just supporting the organization – it also means representing the community’s interests in what we do. Our Board of Directors has three fundamental legal obligations, or fiduciary duties, which apply to everything we do.
Duty of Care: The amount of care that an ordinarily prudent person would exercise in a like position and under similar circumstances. This describes the criteria our Directors must give to making decisions on behalf of Challenge Aspen.
Duty of Loyalty: Keeping the interests of Challenge Aspen in mind at all times when making decisions on behalf of the organization.
Duty of Obedience: Requires board members to be faithful to our mission; consistent with the mission statement, Articles of Incorporation, Bylaws, and tax-exempt documentation.
Working in partnership with the professional staff, the Directors also cooperate with key legal bodies and various independent organizations that evaluate charities on a number of factors, not the least of which is an organization’s degree of accountability and transparency.
Organizational & Financial Information
Tax Exempt: We are recognized by the United States Internal Revenue Service (IRS) as tax-exempt organization. The IRS Determination Letter confirms this information.
Volunteer Governance: Our Board of Directors provides internal oversight to the organization.
Professionally Staffed: Our Key Employees provide the services needed to achieve our mission.
Stewardship Publicly Reported: Our Annual Report of activities for each year provides details on our accomplishments and the impact we make with your support.
Our Conflict of Interest Policy and annual disclosure practice ensures ethical behavior among our board of directors, staff and volunteers.
Independently Audited: Our most recent Financial Statements provide details on our use of donor funds and assets.
IRS Verified: Our IRS Form 990 confirms the annual tax filing information we are required to maintain the tax exempt designation.