Ninos Incapacitados del Lago A.C. – Financials

Ninos Incapacitados del Lago A.C. – Financials

The treasurer of this organization, Larry Wynant, provided the following information. We operate three clinics (Chapala, Ajijic and Jocotopec) and at the end of 2015, had 162 children registered with our clinics; Our total clinic expenditures for 2015 amounted to $2,155,849 pesos; All Ninos volunteers and Board Members are unpaid.  Our administrative expenses (legal, accounting,…

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Lakeside Friends of the Animals A.C. – Financials

Lakeside Friends of the Animals A.C. – Financials

The president of this non-profit organization, Susan Hillis, has declined to provide the Lake Chapala Reporter with financial records at this time. She said that the organization’s accountant of seven years has recently been found to have embezzled a significant amount of money, going back even to the previous administration. A new accountant has been…

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Dear Lisa: Are Non-Profit Financials Available?

Dear Lisa: Are Non-Profit Financials Available?

Dear Lisa, There are many charitable organizations Lakeside, and I want to contribute to some of them. But how do I know how much of the contributions actually go to the stated services? Don’t these charities have to report their finances? – Susan Dear Susan, See my article on this subject from last year here….

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How Can You Tell Whether a Charity is Aboveboard?

How Can You Tell Whether a Charity is Aboveboard?

What is a charity, anyway? Let’s start by defining a non-profit organization. That’s one whose surplus revenues (beyond operating expenses) are used to achieve a stated purpose. When properly registered with the government, non-profits get special tax rates, both in Mexico and north of the border. All North American governments require periodic financial disclosures to…

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