Lutheran Children and Family Service

“Lcfs delegates its administrative/management fee and fundraising functions to its parent and affiliate organizations (both are not-for-profit corporations) under affiliate agreement dated january 1, 2001. In accordance with the announcement 2001-3, the total fees incurred for these services for the reporting year were as follows: $83,037 to its parent and reported on form 990, page 10, part ix, line 11a, column c”

“The corporation shall have one member. The sole member shall be liberty lutheran services.”

“The approval of the member shall be required for any of the following: any merger, dissolution, or liquidation of the corporation; any amendments to the articles of incorporation or bylaws of the corporation; the sale, pledge, lease (but only a lease from the corporation of substantially all of the corporation's real property), or other transfer of the assets of the corporation other than transactions occurring in the ordinary course of business; the adoption of the corporation's annual capital and operating budget; the issuance or assumption of any indebtedness in excess of fifty thousand dollars ($50,000) by the corporation; the execution of any contract providing for the management of the corporation; and any material change to the business or programs of the corporation.”

“No review will be conducted by the governing board in advance of filing the form 990. All form 990's are made available to the board after filing. However, the final form 990 is reviewed in detail for accuracy and signed by the chief financial officer of liberty lutheran services (parent organization).”

“Every year the conflict of interest policy is reviewed with the board and senior level staff. They are required to complete a conflict of interest disclosure. The corporate compliance officer reviews all potential staff conflicts. The executive committee of the board reviews all board conflicts. When a conflict of interest arises, the board shall permit the interested person to make a presentation at the board meeting and after the presentation, the interested person leaves and the board votes on an arrangement that results in the conflict of interest. If appropriate, a non-interested person or committee investigates alternatives to the proposed arrangement. After exercising due diligence, the board will determine if a more advantageous arrangement with reasonable efforts from a person or entity would not give rise to a conflict of interest. If a more advantageous arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the board will determine by majority vote the arrangement in the corporation's best interest and for its benefit, and/or if it is reasonable and fair to the corporation.”

“The executive committee approves the annual review and compensation of the ceo. The cfo, coo executive directors, and other key employees are reviewed annually by the ceo, with comparable salary surveys.”

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