Lincoln Hall

“Form 990 is prepared by the cpa firm from audited financial statements and trial balance as well as from information the organization's controller provides to them in a tax organizer. The cpa firm furnishes draft form 990 which is reviewed by the controller and any adjustments are made before it is presented to audit committee members. After approval, the chairman of the audit committee provides an electronic copy of form 990 to the full board with an opportunity to review and coordinate any appropriate changes to form 990 before it is finalized and filed with the irs.”

“At the full board annual meeting, secretary of the board always discusses the conflict of interest policy and asks if all members fully understand the policy and asks if any members have any kind of conflict. Additionally, secretary of the board interviews each new board member and goes over the policy. Also, any new, major vendors, if any, are discussed in the building and grounds committee meetings and in the insurance committees, if relevant.”

“The President and Treasurer met with the Executive Director to review his performance and employment with Lincoln Hall. Any changes in compensation are approved by the Board.”

“Compensation of other officers and key employees are determined by a joint effort between the executive director and the director of human resources. Comparative data and area salary studies are obtained and considered before any adjustments to compensation are made. Any adjustment to compensation is within the organization's budget that has been approved by the board.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“1) educational services - offers secondary and upgraded academic, remedial, enrichment and prevocational programs; child nutrition programs; and prepares youth for adulthood. The student residents are encouraged to complete their education. Assistance is provided to obtain scholarships. Individual and group counseling sessions are provided. We also provide a full array of vocational courses such as computer technology, barbering, photography, culinary arts, auto mechanics and media arts. Approximately 7,600 days billed during the fiscal year. Expenses: $1,538,666. Grants: $2,405. Revenue: $1,196,435. 2) medical services to children in care - offers periodic physicals immunizations, treatment of illness, dental care and referral to outside specialists when necessary. The medical staff provide crisis intervention, psychological and psychiatric services and substance abuse counseling to help the residents cope with a wide array of problems including stress related breakdowns, emotional disabilities and trauma. There was 11,306 care days billed during the fiscal year. Expenses: $477,783. Grants: $243. Revenue: $612,104.”

“Change in unfunded accumulated benefit obligation.........$(1,534,082)”