Latino Community Development Center

“Lcdc has a comprehensive process to review the 990. The 990 is first completed by the finance department after the organization's audited financial statements are completed. The 990 is then reviewed by the executive director and sent to the board for their review before being submitted to the irs.”

“Lcdc's conflict of interest policy states that the responsibility for avoiding and disclosing both actual and potential conflicts falls on the individual directors and committee members themselves. Failure to comply with lcdc policies concerning conflict of interest may subject the director or committee member to removal. A conflict of interest is present whenever a director or committee member has a material financial interest in a proposed contract or transaction to which lcdc may be a party. A conflict of interest may also exist where the private interests of a director or committee member and his or her official lcdc responsibilities conflict. The definition of a director or committee member also includes the individual's immediate family, which includes a person's spouse, parents, siblings, children, life partner and anyone living within the person's household as a family member. The board of directors, without the participation or vote of the director involved, will evaluate disclosures and any other information concerning actual and potential conflicts of interest and take the appropriate action in the best interests of lcdc. The board may ask disinterested parties to review the actual or potential conflicts of interest and recommend a course of action based on statutes, regulations, by law provisions and internal policies.”

“Lcdc makes its governing documents, conflict of interest policy, and financial statements available to the public upon interest.”

“Financial education operations: program service expenses 0. Management and general expenses 11,297. Fundraising expenses 0. Total expenses 11,297. Other professional services: program service expenses 0. Management and general expenses 23,168. Fundraising expenses 0. Total expenses 23,168.”

“The process has not changed since the prior year.”