Lydia'S House Inc

“Pt.IV, 12b - Lydia's Ladle, LLC, as noted in Sch. R, is a "disregarded entity" for tax purposes since Lydia's House, Inc. is the only member. Even though they are two separate entities, their transactions are combined for purposes of audited financial statements and 990's. This combination is not considered a consolidation in the traditional accounting sense so this question is checked "No". This is for clarification only.”

“A draft of the 990 was provided to the board for a comment period and a request to either approve it or indicate additions/revisions. Any responses were then summarized and any changes forwarded to the tax return preparer for inclusion in the final return.”

“The entrie board meets annually for an orientation meeting. At this meeting, disclosure forms are updated and reviewed for compliance or concerns. The executive committee maintains a note about any concerns that would impact voting.”

“The board does an annual performance review of the executive director. As a part of this review, a determination is made as to whether a salary merit/cost of living increase will be given. The salary has been compared to other executive directors of similar agencies in the St. Louis area and has been found to be comparable.”

“There are no other key employees besides the executive director. No officers of the board of directors are compensated for their work on behalf of Lydia's House.”

“Copies of the audited financial statements and other organizational documents are on Guidestar and our website and are available upon request.”

“The executive committee reviews the in-house financial statements on a monthly basis. The executive committee also reviews the audited financial statements, done by an independent accounting firm, prior to the full board reviewing them. The executive committee authorizes the selection of the firm to perform the audit.”

“Pt. XII,line 2a - The organization contracts with a CPA to review, on a monthly basis, the accounting transactions, reconcile the bank accounts, make entries as needed in the accounting software, act as a consultant on business matters as needed, prepare the draft of the audited financial statements, and prepare the form 990. Our in-house accountant staff actually prepares the monthly financial statements for the board members and executive director. Her review and oversight results in a comprehensive analysis each month.”

“Pt.VIII,line 6d - Part of the net rental income ($4,172) is reported in col. B rather than col. C. The revenue and expenses are related to a building purchased in the prior fiscal year for program use, occupied at the time of purchase. As the leases terminated, the tenants moved and renovations began. The rental income was received over a two-month period, diminishing each month as tenants moved. Since the purpose of the building is for the program and the income was short-term, the net rental income is not Unrelated Business Revenue. The net rental income ($4,282) in col. C is from a building purchased in this fiscal year which was rented to a not-for-profit prior to beginning renovations.”

“Accounts Receivable - Net”

“Pledges Receivable - Net”

“Grants Receivable - Net”

“Inventories”

“Investments”

“Accrued interest”

“Deposits”

“Building, net of $2693 depr., purchased and held”

“as rental property until former tenants are”

“relocated in FYE 9/30/03.”

“Promises to give in periods after 9/30/03”

“Accounts Payable & Accrued Expenses”

“Bonds, Mortgages & Other Notes”

“Miscellaneous 6372. 3351. 458. 2563.”

“Real estate tax 7958. 7958. 0. 0.”

“Donor cultivation 615. 0. 0. 615.”