The Lutheran Scholarship Granting

“The 990 is prepared by our audit firm and a draft of the 990 is sent to all board members for review and comment. A final version is approved and submitted.”

“Board members are required to report any potential conflicts of interest annually. Members and employees have a continuing, affirmative duty to report any personal ownership, interest, or other relationship that may affect the member's ability to exercise impartial and ethical judgements in fufilling their responsibilities. If a board member has a conflict, the member will abstain from discussion and voting on the conflicted item.”

“Compensation is determined and approved by the board of directors. Multiple factors are considered when determining salaries for our lutheran sgo employees. 1. Industry standard rates of pay for similar jobs are also considered throughout this process. 2. A formal review is conducted with each member of the staff in april. Performance is a consideration when determining salary increases. 3. The cost of inflation is typically factored into salary increases. 4. Expected administrative fee income and expenses are factors considered when determining salary increases. These factors are discussed at the board meeting held in may and a recommendation is made. A motion is made to approve the salary recommendation. Assuming that the motion is approved, salary increases are implemented at the start of the new fiscal year.”

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Administrative services are contracted with the lutheran school partnership. The services include scholarship and fundraising management, advertising, promotion and marketing. The contract amount covers the partnership's costs. One member of the lutheran scholarship granting organization of indiana board is a representative of the board of the lutheran schools partnership.”

“The mission of the lutheran scholarship granting organization of indiana, inc. Is to raise funds from individuals and businesses and distribute scholarship funds to all eligible students attending lutheran and other christian schools in states served by the lutheran sgo.”