Little Sisters of the Poor

“The directors of little sisters of the poor baltimore, who are religious sisters, are all members of the little sisters of the poor, a catholic religious order,”

“Before submission to the irs, the preparer of the form 990 provides each member of the board of directors a final draft of the form 990 for review. The preparer is available to provide additional information and address any questions, as well as provide information on tax laws that pertain to the little sisters of the poor. This process ensures that the little sisters of the poor meet all necessary requirements and are in compliance.”

“All directors, officers and employees who may influence actions of little sisters of the poor are covered under the policy. Transactions with parties who may have a conflict of interest are fully disclosed in advance. The person with the conflict is excluded from discussions and approval of the transaction. The president, board or appointed committee will obtain competitive bids or a comparable valuation to determine that the transaction is in the best interest of the organization.”

“Compensation for the board members and employees is based on reasonable compensation that would be paid for like services by like enterprises under like circumstances. The officers, directors and trustees are members of the congregation of the little sisters of the poor, who take a vow of poverty rendering them ineligble for compensation. Each may be provided with health insurance coverage.”

“Upon appointment, the governing documents, conflict of interest policy and the financial statements can be reviewed on site or by request in writing, the information will be distributed accordingly.”

“Contract services - medical: program service expenses 620,389. Management and general expenses 0. Fundraising expenses 0. Total expenses 620,389. Therapies: program service expenses 232,106. Management and general expenses 0. Fundraising expenses 0. Total expenses 232,106. Data processing: program service expenses 0. Management and general expenses 34,367. Fundraising expenses 9,159. Total expenses 43,526. Other professional services: program service expenses 0. Management and general expenses 6,635. Fundraising expenses 0. Total expenses 6,635.”

“Unrealized gain (loss) on beneficial interest in trusts 148,048. Change in value of remainder trust 497,261. Rounding”

“The board of directors assumes responsibility for oversight of the audit of the financial statements and selection of an independent accountant.”