Lutheran Services in Iowa Inc

“No committees have the authority to act on behalf of the board.”

“Lutheran services in iowa, inc. (lsi) is affiliated with the three iowa synods of the evangelical lutheran church in america. The by-laws require the synod councils of the iowa synods to elect nine of the fifteen board members, with nominations made by the governance committee of the lsi board of directors.”

“Proposed amendments to the articles or by-laws related to affiliation with the evangelical lutheran church in america (elca) must have the approval of the elca and the bishops of the iowa synods.”

“The form 990 is prepared by an independent accounting firm. Prior to filing, form 990 was distributed by electronic mail to all members of the board of directors and the audit committee for their review. Members were instructed to direct questions or concerns to the audit committee, president/ceo, or cfo. The audit committee, composed of a member of the board of directors and two external financial professionals, held a meeting prior to filing to report on the results of the review and address all questions or concerns. In addition, the cfo reviewed the form 990 prior to distributing to the board of directors and the audit committee.”

“Compliance with the conflict of interest policy is accomplished by every employee and member of the board of directors completing an annual form to disclose specific relationships or situations that could be a potential conflict of interest. For employees, each item disclosed is reviewed by the capacity development department for appropriateness and any necessary actions; documentation is maintained in the employee's file. For the board of directors, any items disclosed are reviewed by management, and if there would be any conflict concerns the board governance committee would become involved. The process, deliberation and conclusions related to any potential or actual conflict are documented in the minutes of the board.”

“Members of the board of directors serve voluntarily, and do not receive compensation and benefits. For the president/ceo, the executive committee of the board of directors performs an annual performance review following written input from board members. The executive committee provides a recommendation to the board of directors of a salary and compensation package for the president/ceo based on performance and comparison information from studies of compensation paid to other executives doing similar work in similar organizations. The president/ceo has a written employment agreement describing compensation and benefits. The process described here was last completed in 2023.”

“Governing documents, conflict of interest policy, form 1023, form 990, form 990-t, and financial statements are available for public inspection upon request by: -cfo 515-271-7411 -mailing the request to: 3125 cottage grove ave., des moines, ia 50311 -e-mailing the request through the website, www.lsiowa.org”

“Other contracted service: program service expenses 4,105,784. Management and general expenses 406,778. Fundraising expenses 7,128. Total expenses 4,519,690.”

“The process has not changed from the prior year.”