Council on Accreditation for Children and Family Services Inc

“The form 990 is distributed electronically to the finance committee and investment committee for review. Upon completion of the review a final draft is distributed electronically to all members of the board. There is then an approximately two weeks period for each board member to review the form 990. Upon completion of their review each board member electronically submits their approval of the form 990 and minutes capturing the vote are recorded. It is then filed with the irs following board approval.”

“All trustees and staff members are annually required to execute an acknowledgement attesting that they have read, understood and agree to comply with the organization's written conflict of interest policy. Anyone believing that a conflict of interest may exist must disclose the potential conflict orally or in writing to the board members or board committee considering a potential transaction to which the conflict relates. Following a period of questions from the board or board committee, the interested person must leave the room and not participate in discussions or voting related to the potential conflict. By majority vote, the board or board committee will determine if a conflict exists, and whether to enter into the proposed transaction. A disinterested person or committee may be appointed by the board chair to investigate alternatives to a proposed transaction if the board deems this necessary. The minutes of the board or board committee will document that the conflict was disclosed, the voting record regarding the conflict, and the decision made regarding the transaction. If the board has reason to believe that a conflict was not disclosed, the interested party will be given an opportunity to explain the alleged failure to report a potential conflict of interest. Following a formal board hearing, investigation and vote, the board determines that a failure to disclose a conflict of interest existed, the board will take necessary corrective action against the interested party including removal from the committee or from the board.”

“Compensation decisions related to the president & ceo are reviewed by the board of trustees human resources committee. The human resources committee takes into consideration performance management and competitive compensation data including a previous year compensation study conducted by an independent human resources consulting firm. The human resources committee makes recommendations to the entire board of trustees regarding the president & ceo's compensation. Recommendations for the president & ceo compensation are subject to the review/approval of the coa board of trustees and are communicated to the coa human resources department in writing. The president & ceo determines the compensation for other coa staff, along with recommendations from the human resources committee. Compensation decisions for other coa staff are made factoring in annual performance management and competitive compensation data. Coa has implemented a compensation plan to facilitate its ability to attract, retain, and reward staff. This program utilizes annual performance management, periodic external market comparability reviews, and salary administration guidelines. The process was last undertaken in 2019.”

“Coa makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, form 990, form 1023, and by-laws are also available upon written request at 45 broadway, 29th floor, new york, ny 10006 or by calling the organization directly at 212-797-3000.”

“The mission of the council on accreditation (coa) is to partner with human and social service organizations to strengthen their ability to improve the lives of the people they serve. In fulfilling this mission, coa validates the quality of nearly 1,600 public and private organizations serving more than 8 million vulnerable individuals each year. Coa reviews an entire organization including its applicable services, governance, management and financial controls. In 2019 coa made more than 400 accreditation decisions for public and private agencies, conducted more than 400 site visits with a pool of 419 volunteer reviewers and attained 9 new and 11 renewed state recognitions. In 2019, coa continued to enhance its accreditation process and standards to more deliberatively focus on the areas that have the most impact on the individuals, families, and communities served by accredited organizations. Guided by the strategic plan developed and adopted by our board of trustees. Coa worked to enhance our approach to accreditation and improve its value for both organizations and their end users. In addition, coa provided training to more than 602 human and social service professionals via in-person and web based events, provided free of charge more than 50 standard sections that apply to over 125 different programs and continued to upgrade the web portal and to significantly improve the accreditation experience for our consumers.”

“Loss on disposal of property and equipment -1,287. Loss on foreign translation -1,886.”

“The oversight of the audit and selection of the independent auditor is conducted by the audit committee and approved by the board of trustees. This process has not changed from the process followed in the prior year.”

“As of january 1, 2019, coa adopted the provisions of financial accounting standards board (fasb) accounting standards update (asu) 2014-09, revenue from contracts with customers (topic 606), as amended. Asu 2014-09 applies to exchange transactions with customers that are bound by contracts or similar arrangements and establishes a performance obligation approach to revenue recognition. Coa's main operating revenue is derived from accreditation fees and site visits. Coa has reviewed its accreditation agreement contracts and concluded that accreditation fees include six performance obligations which are satisfied over time as each performance obligation is fulfilled. Previously coa's accreditation fees were recognized over a three-year period using the straight- line method. This change in accounting policy resulted in a one-time adjustment increasing net assets by $806,947 on january 1, 2019.”