Living Life Source Foundation

“The draft 990 is distributed to the board president, treasurer, secretary, ceo, and vp of finance electronically prior to filing. The vp requests their review and feedback. If there are any items of uncertainty, vp solicits feedback on those items. After approval by the board, the 990 is filed.”

“Monitoring conflict of interest are monitored by the board via voluntary disclosure, and the assessment of each financial transaction involving the hiring of individuals, entering into contracts, or purchases of goods and services. In discussing conflict of interest decisions, the party is excused while delierations and decisions are made.”

“The organization makes its governing documents, conflict of interest policy, and financials available to the public upon request.”

“The organization has a co-employment arrangement with an outsourced human resources provider, who is the employer of record. The organization is the, worksite employer.”

“Payroll and hr services: program service expenses 12,494. Management and general expenses 1,811. Fundraising expenses 0. Total expenses 14,305. Outside contract services: program service expenses 4,594. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,594. External evaluator: program service expenses 35,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 35,000. Data media specialist: program service expenses 38,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 38,500. Scholarship management: program service expenses 5,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,000. Tutors: program service expenses 66,793. Management and general expenses 0. Fundraising expenses 0. Total expenses 66,793.”

“Prior period adjustment of $93,577 includes adjustments to grants receivables, prepaid expenses, other assets, liabilities, revenue, and expenses.”