Financial Info


LCF is an almost entirely volunteer-run organization. Neither the Board nor the Executive Director receive monetary compensation for their services. Nor do most of the team leaders. Local coordinators receive a small stipend for their work, which typically equals about 80 dollars per month. This means that over 85% of all donations go directly to purchase of supplements and payment of local coordinators. Donations from Board members are used to cover overhead costs, so that 100% of other donor’s monies go toward nutritional supplementation or educational scholarships for children.

Access to Funds

Funds are deposited in the LCF bank account. Only key people approved by the board have access to funds. The Board establishes and approves financial controls. Monthly, the Board's Operating Committee reviews financial expenditures and disbursements. 

Budget

A yearly budget is prepared by the treasurer and then approved by the Board.

Auditing

Standard auditing procedures are used as noted in bylaws and overseen by the Audit Committee.

Documents

By-Laws

990 Form 2015

990 Form 2014

990 Form 2013

990-EZ Schedule A Form 2013

990-EZ Schedule O Form 2013

990 Form 2012

990 Form 2011


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