Little Sisters of the Poor

“The officers, directors, and trustees are members of the congregation of little sisters of the poor and take a vow of poverty rendering them ineligible for compensation benefits.”

“The organization's board of directors are appointed by and serve at the will of the superioress general by and with the consent of her council.”

“The business manager gathers information to prepare the form 990 tax return. This information is then given to an independent accounting firm who prepares and reviews the form 990. The independent accounting firm then provides the business manager with a draft of the form 990 for comments and approval. Once the business manager and the cpa firm approve the 990, a copy of the 990 is then provided to all governing board members along with a response time for questions and comments. All issues are resolved and the form 990 is filed.”

“Directors, officers, and all employees who influence the actions of little sisters of the poor, are covered under the policy. Conflict of interest may be defined as an interest, direct or indirect, with any persons or firms involved with little sisters of the poor. Transactions with parties with whom a conflicting interest exists may be undertaken only if the conflicting interest is fully disclosed, the person with the conflict of interest is excluded from the discussion and approval of such transaction, a competitive bid or a comparable valuation exists, and the board or a duly constituted committee thereof has determined that the transaction is in the best interest of the organization.”

“By appointment, the organization's governing documents, conflict of interest policy, and financial statements can be reviewed on site or by request in writing. The information is then distributed accordingly.”

“Other Fees - Total Expense: 8175, Program Service Expense: 8175, Management and General Expenses: , Fundraising Expenses: ; Background Checks - Total Expense: 2411, Program Service Expense: , Management and General Expenses: 2411, Fundraising Expenses: ; Stipends - Total Expense: 21000, Program Service Expense: 21000, Management and General Expenses: , Fundraising Expenses: ; Outside Consultants - Total Expense: 38115, Program Service Expense: , Management and General Expenses: 38115, Fundraising Expenses: ; Purchased Pool Service - Total Expense: 43786, Program Service Expense: 43786, Management and General Expenses: , Fundraising Expenses: ; Sisters' Services - Total Expense: 64250, Program Service Expense: 43250, Management and General Expenses: 21000, Fundraising Expenses: ; Contracted Services - Total Expense: 1200976, Program Service Expense: 1135667, Management and General Expenses: 49872, Fundraising Expenses: 15437;”

“CHANGE IN BENEFICIAL INTERESTS IN TRUSTS - 7700; TRANSFER TO PROVINCE - -10000; Total - -2300;”

“The organization's financial statements are audited by an independent accountant. The organization does not have a formal committee that oversees the audit of the financial statements or selection of an independent accountant. However, the governing board of sisters, with assistance from a financial advisor, does oversee the audit process and reviews and approves the audited financial statements.”