Standard 16: Annual Report - Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.
PLF does not meet this standard because the most recent annual report did not include:
- A roster of the board of directors.
- A complete listing of revenue sources (losses), including an investment loss, and a change in value of charitable remainder trust assets. This makes the percentages calculated and listed in the annual report inaccurate.