This Is What Happens . . .
When We Come Together
Stepping into the gap where others can’t or won’t go is what social ministries do. The power and potential of doing this together and our collective impact is what fuels our commitment to our national network, the communities we support and the people we empower. As one of the largest faith-based networks working with one in 50 people in America, we are united in our shared faith tradition of service in community.
Throughout this report, you will see how support for our work continues to grow. This is what happens when we come together.
View our Latest Financial Reports:
VIEW OUR PAST REPORTS:
FINANCIAL AUDITS
Financial Accountability
The fiscal year for Lutheran Services in America is July 1 to June 30 and our budget is approved by the members at the Annual Meeting. We use the accrual accounting method and provide financial reports to the Treasurer and the entire Board of Directors at least four times per year.
Annual Audit
The Audit Committee of the Lutheran Services in America Board of Directors is responsible for selecting a CPA firm to audit our financial records annually. The Audit Committee supervises the preparation of the audit and presents it to the Board for approval.
Form 990
Investments
Investment of Lutheran Services in America funds is based on an investment policy approved by the Lutheran Services in America Board of Directors. Investments are supervised by the Audit Committee of the Board. To the extent possible, short- and mid-term investments are placed with the ELCA Mission Investment Fund and the LCMS Lutheran Church Extension. Long-term investments are held in a balanced mutual fund.
Ethics, Transparency and Accountability
- Works with Independent Sector and other organizations to promote good practice within the nonprofit community.
- Educates Lutheran Services in America member organizations regarding sound practices, the value of external accreditation and the need for ethical, transparent systems that complement community benefit.
- Provides conflict of interest and whistleblower provisions. The Lutheran Services in America Board of Directors and Staff complete a Conflict of Interest Questionnaire annually. Any person – internal to Lutheran Services in America or external – may report a concern about Lutheran Services in America operations, financial management or other subjects through a third-party system, which is designed to protect the identity of the reporter and facilitate open and effective investigation of allegations. A statement on reporting improper conduct is accessible on the Lutheran Services in America website. Reports can be made here.
