Lutheran Social Services of Colorado

“The executive committee shall be comprised of the chair of the board, each vice-chair of the board, secretary, and the president. It shall act to give direction to the board and its committees. It shall also manage the affairs and property of the corporation between regular meetings of the board. The executive committee shall act for the board when the latter is not in session in regard to the conduct of urgent business that cannot wait for action of the board. Ratification of these actions by the board is required.”

“The corporation shall have one class of members which shall be: ( i) the rocky mountain synod of the evangelical lutheran church in america; and (ii) the rocky mountain district of the lutheran church-missouri synod.”

“Jurisdictional units of lutheran church bodies which accept the purpose of this corporation and desire membership in this corporation shall upon approval of the board become members and shall thereafter have the right to appoint a proportionate number of directors.”

“The form 990 is provided to the president and vice president of finance and administration along with the finance committee of the board of directors for review. The organization then provides a complete copy of the form 990 to the entire governing body before filing the form.”

“During the first quarterly meeting of the board of directors each calendar year, the conflict of interest policy is reviewed and all members are required to submit written disclosures of perceived, potential and/or actual conflicts as defined in the policy. A reminder about the conflict of interest policy and the opportunity to disclose remains a standing part of every board meeting agenda, four times a year. All disclosures are reviewed by the chair of the board of directors and any potential conflicts are then brought before the executive committee of the board for review and mitigation as needed, at any of its regularly scheduled quarterly meetings.”

“Lfs brought the human resources function in-house in september of 2017, but continues to use the compensation plan for the entire agency, which is "market based - performance driven" that was established in 2006. It starts with current job descriptions for every position that have been tiered into 10 levels with only the ceo in the 10th level. Each level has a low, middle and high pay scale range that is established by a full market review using several well-known salary surveys and "tested" against other non-profit and for-profit organizations in our industry areas. Every three years a full market salary survey is repeated and the levels and ranges are modified accordingly. Every year, a cost of living adjustment is applied to all levels. The board approves compensation for the ceo. Appropriate documentation of the board's review of the ceo's compensation is maintained by the organization.”

“The articles and bylaws of the corporation are on file with the colorado secretary of state and accessible through the freedom of information act. The organization retains a private audit company that performs an independent financial audit every year which is provided to all entities that provide funding via grants or contracts; and to federal and state regulatory bodies with jurisdiction over various elements of our programs and services. The colorado department of human services (codhs) conducts annual child welfare licensing audits that include review of our governing documents, financial statements and board of directors. Those audits are also on file at codhs and available to the public upon request. The 18-members of the board of directors practice a form of policy-based governance and utilize "best practice" such as submission of annual conflict of interest written disclosures, per policy; whistleblowers policy; code of ethics policy; monthly/quarterly financial statements; etc, which are all available to the public upon request.”

“Change in beneficial interest in assets held by the foundation 70,983.”