Lilac Services for the Blind

“The Form 990 was prepared under the guidance of the organization's Accounting Manager and Executive Director by the independent accounting firm SCHOEDEL & SCHOEDEL, Certified Public Accountants, PLLC. Draft copies of the organization's financial statements and Form 990 were first provided to the organization's Accounting Manager and Executive Director who reviewed the Form 990 for accuracy and completeness. Any questions, concerns, or issues raised by those individuals were addressed, and any necessary revisions were made to the Form 990. The revised Form 990 was executed by the Executive Director and authorized for filing. A complete and final version of the Form 990 and its supporting schedules was provided to and ratified by the Board of Directors.”

“All proposed relationships and contracts with service providers, as well as all proposed investments, are reviewed by the Board of Directors for compliance with the organization's conflict of interest policy. Additionally, each party-in-interest (fiduciary or service provider) has an ongoing duty to disclose all material facts to the Board of Directors about any actual or potential conflicts of interest as soon as such facts become known or should have become known.”

“The Board of Directors set the compensation of the Executive Director annually. When considering changes to the Executive Director's compensation, the Board considers the duties of the Executive Director, the resources available for compensation, the compensation of other Executive Directors of similar sized non-profit organizations in the local area and the compensation of other Executive Directors in the industry. These considerations of the directors are documented in the minutes of the meetings and other documents of the organization.”

“The organization's governing documents, financial information (to the extent required to be disclosed to the public) and Form 990 is available to the general public upon written request sent to the organization at: 1212 N Howard Street, Spokane, WA 99201.”

“Unrealized Gains in beneficial interest in assets held by others 29,417.”