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HONDURAS FOUNTAIN OF LIFE: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
HONDURAS FOUNTAIN OF LIFE (EIN 27-0235643)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-07-20
IRS object ID
201632029349300748
Schema version
2015v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-07-20T15:16:16-07:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CORLISS & SOLOMON PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1242 CHARLOTTE ST STE 1AddressLine1Txt
CityASHEVILLECityNm
State AbbreviationNCStateAbbreviationCd
ZIP288011434ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN270235643EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Honduras Fountain of LifeBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlHONDBusinessNameControlTxt
Phone8284891342PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 223AddressLine1Txt
CityFletcherCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28732ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES D PEARCE JRPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8284891342PhoneNum
Signature2016-07-20SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEPHEN C CORLISSPreparerPersonNm
Phone8282360206PhoneNum
Preparation2016-07-20PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-12-15 16:53:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJAMES D PEARCE JRPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line135 Cummings Battle TrailAddressLine1Txt
CityHendersonvilleCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28739ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$515,744GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.hondurasfountainoflife.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2009FormationYr
Legal Domicile StateNCLegalDomicileStateCd
Activity Or MissionHelping Hondurans Help Hondurans.ActivityOrMissionDesc
Voting Members Governing Body14VotingMembersGoverningBodyCnt
Voting Members Independent13VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers75TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$236,408PYContributionsGrantsAmt
CY Contributions Grants$515,734CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$12PYInvestmentIncomeAmt
CY Investment Income$10CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$236,420PYTotalRevenueAmt
CY Total Revenue$515,744CYTotalRevenueAmt
PY Grants And Similar Paid$221,311PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$421,531CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$20,480PYOtherExpensesAmt
CY Other Expenses$10,385CYOtherExpensesAmt
PY Total Expenses$241,791PYTotalExpensesAmt
CY Total Expenses$431,916CYTotalExpensesAmt
PY Revenues Less Expenses-$5,371PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$83,828CYRevenuesLessExpensesAmt
Total Assets BOY$66,538TotalAssetsBOYAmt
Total Assets EOY$150,366TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$66,538NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$150,366NetAssetsOrFundBalancesEOYAmt
MissionHelping Hondurans Help Hondurans.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$115,388ExpenseAmt
Grant$115,388GrantAmt
DescSCHOOL SUPPORT PROVIDED FUNDS FOR CONSTRUCTION AND FACILITY MAINTENANCE AT FUENTE DE VITA SCHOOL IN TALUBE, HONDURAS WHICH IS USED BY 28 GIRLS FROM THE CAMPUS ORPHANGE AND APPROXIMATELY 150 STUDENTS FROM THE SURROUNDING COMMUNITIES AS PART OF A COMPASSION INTERNATIONAL PROGRAM. ESTABLISHED AND EXPANDED COMPUTER LAB AS PART OF THE FUENTE DE VITA. EXPANSION OF SCHOOL FACILITY INCLUDING 6 NEW CLASSROOMS, 2 NEW BATHROOMS AND APPROXIMATELY 100 DESKS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$67,390ExpenseAmt
Grant$67,390GrantAmt
DescORPHANAGE SUPPORT PROVIDED HOUSING, FOOD, PROFESSIONAL COUNSELING AND MEDICAL NEEDS FOR 28 GIRLS IN THE FUENTE DE VITA (ORPHANGE).Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$238,753ExpenseAmt
Grant$238,753GrantAmt
DescCHURCH WE HAVE SUPPORTED CONSTRUCTION OF A NEW CHURCH BUILDING ON THE FUENTE DE VITA CAMPUS, PURCHASED CHAIRS AND HELPED WITH CONSTRUCTION OF SEVERAL SMALLER CHURCHES IN THE RURAL COMMUNITIES AROUND TALUBE. WE HAVE SUPPORTED PASTOR YOBANI ALAS WHO OVERSEES THE CHURCH, SCHOOL AND ORPHANGE. WE PROVIDED CHAIRS FOR A LOCAL CHURCH (CARIZALES) AND ESTABLISHED A FEEDING PROGRAM AND PARK FOR THE LOCAL COMMUNITY.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$421,531TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgYes (true)MoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members14GoverningBodyVotingMembersCnt
Independent Voting Member13IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonJACKIE BOLINPersonNm
Phone8284891342PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1366 Ravenwood LnAddressLine1Txt
CityHorse ShoeCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28742ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
JAMES D PEARCE
President15.00Yes (X)Yes (X)$0$0$0
BOBBY LANNING
Vice-President2.00Yes (X)Yes (X)$0$0$0
JACQUELIN BOLIN
Treasurer8.00Yes (X)Yes (X)$0$0$0
STEPHANIE LANNING
Secretary2.00Yes (X)Yes (X)$0$0$0
ALEX VAN DALEN
Board Member1.00Yes (X)$0$0$0
DEBBI RAYL
Board Member1.00Yes (X)$0$0$0
MICHAEL RAYL
Board Member1.00Yes (X)$0$0$0
WENDY WEST
Board Member1.00Yes (X)$0$0$0
KELLY MCCARTNEY
Board Member1.00Yes (X)$0$0$0
DR TODD WATSON
Board Member1.00Yes (X)$0$0$0
ALBERT BUD MAYFIELD
Board Member1.00Yes (X)$0$0$0
MARIANNE VAN WINGERDEN
Board Member1.00Yes (X)$0$0$0
HANNAH GRADY
Board Member1.00Yes (X)$0$0$0
TIM MCBRIDE
Board Member1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$515,734AllOtherContributionsAmt
Total Contributions$515,734TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$10TotalRevenueColumnAmt
Exclusion$10ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$515,744TotalRevenueColumnAmt
Exclusion$10ExclusionAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$421,531TotalAmt
Program Services$421,531ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$1,850TotalAmt
Program Services$0ProgramServicesAmt
Management And General$1,850ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$8,535TotalAmt
Program Services$0ProgramServicesAmt
Management And General$8,535ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$431,916TotalAmt
Program Services$421,531ProgramServicesAmt
Management And General$10,385ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$54,418BOYAmt
EOY$138,236EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$12,120BOYAmt
EOY$12,130EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$66,538BOYAmt
EOY$150,366EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,323BOYAmt
EOY$4,633EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$62,215BOYAmt
EOY$145,733EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$66,538BOYAmt
EOY$150,366EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$66,538BOYAmt
EOY$150,366EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$83,828ReconcilationRevenueExpnssAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewYes (true)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
FS AuditedfalseFSAuditedInd
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$176,945CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$170,087CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$227,271CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$236,408CurrentTaxYearMinus1YearAmt
Current Tax Year$515,734CurrentTaxYearAmt
Total$1,326,445TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$176,945CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$170,087CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$227,271CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$236,408CurrentTaxYearMinus1YearAmt
Current Tax Year$515,734CurrentTaxYearAmt
Total$1,326,445TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$504,735SubstantialContributorsTotAmt
Public Support Total170$821,710PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$45CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$29CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$18CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$12CurrentTaxYearMinus1YearAmt
Current Tax Year$10CurrentTaxYearAmt
Total$114TotalAmt
FieldValueIRS element (for citing)
Total Support$1,326,559TotalSupportAmt
Public Support CY1700.61940PublicSupportCY170Pct
Public Support PY1700.68660PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind
Public Support Total509$0PublicSupportTotal509Amt
Public Support CY5090PublicSupportCY509Pct
Investment Income CY0InvestmentIncomeCYPct

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Central America00Regional GrantEducation Support-Honduras$115,388
Central America00Regional GrantOrphanage Support-Honduras$67,390
Central America00Regional GrantChurch Support-Honduras$238,753
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$421,531SubtotalSpentAmt
Total Spent$421,531TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp

FieldValueIRS element (for citing)
RegionCentral AmericaRegionTxt
Purpose Of GrantHonduras ProgramPurposeOfGrantTxt
Cash Grant$421,531CashGrantAmt
Manner Of Cash DisbursementWireMannerOfCashDisbursementTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Transfer To Foreign CorpfalseTransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipfalseForeignCorpOwnershipInd
Passive Foreign Investmest CofalsePassiveForeignInvestmestCoInd
Foreign PartnershipfalseForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePt I Line 2FormAndLineReferenceDesc
ExplanationAt the regular board meetings the Board of Directors of HFOL discuss the progress of the projects they are supporting in Honduras. The President provides written instructions to the Treasurer stating the date the grant is to be made and the amount of the grant. He also provides information as to how the total amount of the grant is to be shared between each project. The grant funds are then sent by wire by the Treasurer to the recipient of the grant in Honduras. The wire transfer transmittal is verified the next business day and the transaction is entered into our accounting system. Our Board of Directors make trips to Honduras several times each year to review the progress of each project we are supporting. Our President has regular conversations with our contact in Fuente de Vida in Honduras. FVD has a bookkeeper who is keeping records of how the funds are being disbursed so we can be sure that the funds are being used as intended. Our President receives Excel spreadsheets each month that indicates the money received from HFOL and exactly how the funds are spent.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt VI, Line 11bTHE 990 IS PREPARED BY INDEPENDENT ACCOUNTANTS, REVIEWED BY MANAGEMENT, PRESENTED TO THE BOARD FOR REVIEW, PROPOSED REVISIONS AND FINAL APPROVAL.
Pt VI, Line 12cENFORCED AS NECESSARY. ANY BOARD MEMBER WITH A CONFLICT OF INTEREST ON ANY SPECIFIC ISSUE INFORMS THE BOARD AND ABSTAINS FROM VOTING ON THE ISSUE.
Pt VI, Line 18Forms 1023 and 990 are available upon request.
Pt VI, Line 19Governing documents and reviewed financial statements are available upon request.
OtherThe Executive Director is not compensated.
Pt VI, Line 2Yes, 2 couples serving as board members are man and wife.