2020-07-11T15:19:58-05:00 2019-07-31 363990892 Capin Crouse LLP 3050 Saturn Street Suite 104 Brea CA 92821 990 2018-08-01 233015092 LCC International Fund Inc LCCI 8556555185 28 Penn Square Lancaster PA 17603 Bryan Kay Treasurer 8556555185 2020-07-11 1 Ashley Peabody P01385870 7145770988 139.146.132.42 2020-07-11 16:19:51 ED P D4965F56B40AF6A7ED723965842D1DAEDDD763D5 2126765E3FC2B38F63C702ACAA03E46616617B07 2018 2020-11-06 18:47:13Z Debra Blews 28 Penn Square Lancaster PA 17603 1438651 0 X WWW.lcc.lt X 1999 PA LCC promotes Christian post-secondary education in Lithuania and elsewhere. 8 8 33 44 0 0 680193 687388 0 700734 51472 23604 0 0 731665 1411726 359342 1091392 0 0 288431 23331 0 0 0 76974 275548 724747 1390271 6918 21455 824318 1066231 270558 59681 553760 1006550 X The LCC International Fund, Inc. is a non-profit organization that promotes Christian post-secondary education in Lithuania and elsewhere. 1 0 1260457 1091392 700734 Provides financial assistance for operations and staff at LCC International University, a Christian liberal arts university in Lithuania, serving 591 students from over 45 countries. 1260457 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 20 0 1 33 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X Bryan Kay 8556555185 PO Box 2761 Mount Vernon WA 98273 X Debra Blews President 2.00 X X 0 0 0 Scott Barge Vice President/Secretary 1.00 X X 0 0 0 Bryan Kay Treasurer 1.00 X X 0 0 0 Susan Koslowsky Director 1.00 X 0 0 0 John McQuaig Director 1.00 X 0 0 0 John Reynolds Director 1.00 X 0 0 0 Merrill Ewert Director 1.00 X 0 0 0 Timothy Herrmann Director 1.00 X 0 0 0 0 0 0 0 0 0 0 0 687388 687388 Tuition and fees 900099 700734 700734 700734 35838 35838 14691 26925 -12234 -12234 -12234 1411726 700734 0 23604 1091392 1091392 23331 23331 15375 15375 61655 61655 335 335 24925 9686 15239 2133 2133 1780 1491 289 119308 109804 9504 1972 19 1953 Professional Developmen 48065 48065 1390271 1260457 129814 0 X 124635 309825 483 200 9810 699200 746396 824318 1066231 270558 26981 0 32700 270558 59681 X -225219 90313 226561 0 552418 916237 553760 1006550 824318 1066231 X 21455 431335 X X 1 X 0 1 0 X 449439 481952 756460 680193 687388 3055432 449439 481952 756460 680193 687388 3055432 794562 2260870 5601 8455 11281 16385 35838 77560 3132992 1355793 0.72160 0.72870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 699200 40340 21547 14691 746396 629241 25811 51472 7324 699200 408017 165511 65713 10000 629241 344519 61450 2048 408017 239304 105603 -388 344519 0.03810 0.96190 0 0 0 Assets held for endowments 746396 746396 Due to related party 32700 32700 Part V, Line 4: The organization's endowments consist of several donor-restricted funds. One of the significant funds is for the purpose of providing seed money for graduating students to start businesses in Eastern Europe and Central Asia. The other funds are donor-restricted for University scholarships and other University related purposes. Form 990, Schedule D, Part V, Lines 2a-2c: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 07/31/2019. To date, Schedule D has not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions 1 Europe 1 33 Grants to Recipients 1091392 1 33 0 0 1 33 1091392 0 1091392 Europe Faculty support and student aid 1091392 Wire transfer 1 0 0 0 0 0 0 0 Part I, Line 2: LCC International Fund, Inc. (LCC) transfers funds to a bank account for LCC International University (a foreign nonprofit.) This bank account is then used by LCC to cover University expenditures. All members of the US charity's board of directors are board members of the University. They attend board meetings twice per year and are given complete and comprehensive materials covering all aspects of the University, including financials and documents with specific detail on the allocation and use of grant funds. The US charity directors maintain complete control of charity funds and set policy and criteria for fund distribution. Part I, line 3: Foreign expenditures are accounted for according to the accrual basis of accounting using expense reports and other appropriate documentation. Part 1, Line 3, Column (e) Region: Europe (e) Specific type of service in Region: Grants are sent overseas to help support Christian post-secondary education in Lithuania and elsewhere. Payments for program services occur when tuition payments are made to LCC International Fund by U.S. students for their attendance at LCC International University, a related organization, in Lithuania. The tuition payments made to LCC fund are remitted to LCC University via wire transfer. Form 990, Part III, line 2 LCC International Fund, Inc. previously separated its operations activity related to the collection and remittance of student tuition into a separate segment of the organization for financial reporting and excluded this segment from the 990. The operations segment is now consolidated with the charity segment in the financial reporting of the organization and the operations activities are included for the first time on this Form 990. The program services of LCC International Fund now include comprehensive reporting of both the fundraising (charity segment) work as well as the tuition collection and remittance (operations segment) support that the organization provides to its parent organization, LCC International University in Lithuania. Form 990, Part VI, Section B, line 11b The 990 is prepared by an independent CPA firm and is reviewed in detail by the President and the board of directors prior to filing. Form 990, Part VI, Section B, line 12c The organization requires all officers and board members to annually complete and sign a conflict of interest questionnaire. The US Charity President is responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. If a matter related to a potential conflict were to arise at a board meeting, the interested person would abstain from voting on matters related to the noted conflict. Form 990, Part VI, Section B, line 15 The organization does not compensate any officers or key employees. Therefore, these lines were answered no in accordance with the instructions. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part X, Lines 27-29 In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its reviewed financial statements for the period ended 07/31/2019. The 2018 Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statement as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $90,313 Line 29 - Net assets with donor restrictions $916,237 Total net assets $1,066,231 Form 990, Part XI, line 9: Net assets from University Operations 431,335. LCC International University Kretingos g 36 Klaipeda 92307 Li LH Post-secondary Christian education LH N/A 0 LCC International Fund Inc PO Box 2142 Abbotsford British Columbia CA V2T3X8 Support Christian education in Lithuania and elsewhere CA LCC International University 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 LCC International University B LCC International University L LCC International University O LCC International University P LCC International University R