PRINCIPLES AND PRACTICES OF FINANCIAL MANAGEMENT

 

Lotus Outreach has adopted and adheres to the most current practices of financial and performance accountability. We want every stakeholder to rest-assured in the transparent presentation of our fund management.

 
  • Lotus Outreach operates in accordance with an annual budget that has been approved by the board prior to the beginning of each fiscal year.
  • Lotus Outreach maintains financial reports on a timely basis, accurately reflecting the financial activity of the organization, including the comparison of actual to budgeted revenue and expense.
  • Lotus Outreach subjects its financial accounting principles and reports to annual audits by an independent accounting firm. That firm's audited financial statements are available on our website.
  • Quarterly financial statements are provided to the board of directors. The statements explain any significant variation between actual and budgeted revenues and expenses.
  • Lotus Outreach has written financial policies.
  • Lotus Outreach may budget for a deficit from time to time but does not incur persistent or increasing operating deficits.
  • Lotus Outreach provides the following Annual Report(s) in an effort to demonstrate its financial management principles and assure donors that funds are managed wisely.

FINANCIAL SNAPSHOT 2013

$483k 

Total money raised in 2013

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$428k

Total spent on programs in 2013

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Read the 2013 Annual Report

to see 11 years of impact since Lotus Outreach was established ➥

Click to download LO's 2013 Annual Report

Click to download LO's 2013 Annual Report

 

Annual Reports


          IRS 990 Forms