Lutheran Child and Family Services

“In 2013, lcfs entered into a managed services agreement with community health network (chnw) to operate lcfs' residential and community based programming. Through this agreement, all revenue and expenses are split equally between the two entities. Chnw plans and executes the financial budget and operations of these programs.”

“The process of reviewing the form 990 includes a detailed review by the organization's accounting department. The finance committee receives a copy of the form 990 including requested schedules, as ultimately filed with the irs, for review and approval prior to filing.”

“The written conflict of interest policy is regularly and consistently monitored by the cfo/director of operations with compliance enforced by the board president. The scope of this policy includes all board members. The policy is in place to promote open and fair dealings through disclosure of business and personal relationship to prevent biased decisions based on personal interest. The covered persons are to avoid the violation of any governmental law or regulation and conduct agency business without regards to their personal interests. A self-disclosure from covered persons to the board president is required on any potential conflicts of interest. The covered persons are to recuse from participating in any deliberation or decisions on such transactions. Disclosures are filed in the agency administrative files. Board of director members (board members) are required to notify the board president when conflict of interests may arise. New board members are required to complete a questionnaire disclosing any potential conflicts of interest upon appointment to the board. Upon hiring employees are required to disclose to their supervisor any potential conflicts that may arise. That supervisor then reviews those potential conflicts with human resources and executive management, who then decides whether disclosure to the board is warranted. Board members are asked to refrain from voting on matters that deal with any potential conflict of interests.”

“Employee benefits and compensation are reviewed by the board of directors on an annual basis through the budgeting process. Compensation for the executive director is reviewed annually by the president of the board of directors.”

“The agency's governing documents, conflict of interest policy, and financial statements are available upon request to cfo/director of operations, at 1525 north ritter avenue, indianapolis, in 46219.”

“Professional fees and contract serv: program service expenses 6,107,937. Management and general expenses 14,757. Fundraising expenses 0. Total expenses 6,122,694.”

“Change in interest in foundation for lcfs - current year 5,514,880.”

“The board of directors assumes responsibility for oversight of the audit of the financial statements. The board oversight process includes signing of audit engagement letter and communication with the auditing firm and cfo/controller. A governance letter is issued and the audited financials are presented to the board of directors annually by the auditing firm. The board reviews and votes to accept the audit draft each year. A board audit committee is in place for the auditor selection process. No processes have changed from the prior year.”