LUM Finances – Very Positive Report for 2017
Financial Report & Audit 2017 Available Online
At the June meeting of the LUM executive council, associates from Edward Opperman Certified Public Accountants presented an overview of the LUM Report on Audit of Financial Statements (Dec. 31, 2017 & 2016). Presenting were the two CPAs who prepared the report and most recent tax return, Edward Opperman & Thomas Faust (pictured far right). Opperman stated that
“LUM is financially strong. There is zero long-term debt — and a good balance between operating revenue and expenses managed by a very professional business office staff who keep clear records of fiscal transactions. Most encouraging is that LUM is spending money on programs & services that are in line with its mission statement and less on overhead.”
Opperman shared that
“LUM’s finances are in very good order and would be the envy of any non-profit organization.”
Thanks to the vision and leadership of the LUM Board of Directors, executive director and business office staff, as well as the generous support of LUM’s many financial donors, Lafayette Urban Ministry has established a history of having a strong & stable budget allowing its vital programs and services to adapt and grow with the needs of the children and families in our community.
If you wish to review the most recent LUM reports, click on the name of the report: