Perhaps you have just read the IRS mandated disclaimer that says “…TLC is not limited to, or bound in any way by, the expressed will of the donor.” This statement is accurate and yet we have some great news that can be summarized with one word:
PERFORMANCE!
Last year, 2009, was our second year serving Clients. We offer the following details so that you can make donations with confidence to The Lighthouse Community:
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| |  | | | | | | | | | | | Total Donations | | $ 242.842 | | Total Deductions | | $ 15,599 | | Total | | $ 227,243 | | | | | | | | | | Amount Disbursed | | $ 205,707 | | Amount Pending Disbursement | | $ 27,543 | | Less Fiscal Posting Adjustment | | $ 6,007 | | Total | | $ 227,243 | | | | | | | | | Percentage to Clients | | 93.63% | | TLC Admin Fee | | 5% | | PayPal Fee | | 1.37% | | Total | | 100% | | | | | | Donations given | | 625 | | Donations given to designated Clients | | 625 |
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The above details have been Financially Reviewed by DOUG COLLIER CPA & ASSOCIATES PS
All money given to The Lighthouse Community is subject to the rules governing a 501(c)(3) not for profit organization. The code clearly states that all monies collected are subject to the sole discretion of The Lighthouse Community Board. Donors may suggest how their funds will be disbursed; however, TLC is not limited to, or bound in any way by, the expressed will of the donor. Learn More
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