Los Cabos Children'S Foundation

“The organization does not compensate any other officers or key employees. Therefore, this line was answered no in accordance with the instructions.”

“The organization has no committees with authority to act on behalf of the governing body. Therefore, this line was answered no in accordance with the instructions.”

“Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS.”

“The organization requires all officers and board members to annually complete and sign a conflict of interest questionnaire. The Executive Director is responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. The Treasurer reviews the Executive Director's signed statement. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.”

“The salary for the Executive Director is determined by the Board of Directors. Factors used in determining compensation include comparative data, the size and location of the organization, budgeting parameters, and demands of the position. This process is documented in the board minutes.”

“The governing documents, conflict of interest policy and financial statements are available upon request.”

“The Executive Director's compensation is paid utilizing Mexican currency. She is a resident of Mexico and performs all of her work in Mexico. No Form W-2 or 1099 filing is required. As such, the amount included on Form 990, Part VII is the amount of compensation paid in Mexican currency as converted to US dollars.”

“(Expenses $ 244,972 including grants of $ 99,641) Spirit of Love - Our Spirit of Love was born in 2004 as the second cause served by LCCF and with the purpose of providing permanent care to children and adolescents with congenital heart defects in Baja California sur. Since then, Omaha Children's Hospital & Medical Center took care of the southern Baja children who needed heart surgery. Nine years after and until 2017, the Omaha team came twice a year for surgical rounds in the facilities of Salvatierra Hospital. A nonprofit was formed specifically for mentoring and training the entire local team involved in the program, both in Omaha and La Paz. In 2017, the state pediatric cardiology program achieved accreditation from the federal government to receive funding. Thanks to this, today it is possible to diagnose, treat and perform corrective procedures throughout the year to children in the state with this health condition through the local team of doctors and nurses. During the 2023-2024 period, the Spirit of Love served 215 children & Adolescents with 861 services.”

“The organization had 16 employees during the fiscal year ended 6/30/2024. Employees of the organization are compensated utilizing Mexican currency. All employees of the organization are residents of Mexico and perform their duties in Mexico. The organization is not subject to Form W-2 reporting for its employees.”

“Loss on Foreign Currency Exchange - -117303;”