Civic Intelligence

Copa Safety & Education Foundation

990 • Fiscal year 2020 • EIN 46-5678983

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

P O Box 7700Grayslake, IL 60030

(847) 498-1597

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.53x

Higher debt load relative to assets than 92% of similar nonprofits.

2020 filings • NTEE M • <$500k nonprofits • Source year 2020

Liabilities / Revenue

80th percentile

0.37x

Higher debt load relative to revenue than 80% of similar nonprofits.

2020 filings • NTEE M • <$500k nonprofits • Source year 2020

Net Margin

36th percentile

1.7%

Higher net margin than 36% of similar nonprofits.

2020 filings • NTEE M • <$500k nonprofits • Source year 2020

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • NTEE M • <$500k nonprofits • Source year 2020

Asset Growth

13th percentile

-13%

Faster asset growth than 13% of similar nonprofits.

2020 filings • NTEE M • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

8th percentile

-67%

Faster revenue growth than 8% of similar nonprofits.

2020 filings • NTEE M • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$154,676

Down $23,339 (-13%) from 2019

Net Assets

Up

$72,387

Up $3,752 (+5.5%) from 2019

Liabilities

Down

$82,289

Down $27,091 (-25%) from 2019

Revenue

Down

$223,515

Down $456,774 (-67%) from 2019

Expenses

Down

$219,763

Down $481,584 (-69%) from 2019

Net Income

Up

$3,752

Up $24,810 (+118%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2014: $16,083Liabilities 2014: $0Net Assets 2014: $16,0832014Assets 2015: $245,742Liabilities 2015: $73,274Net Assets 2015: $172,4682015Assets 2016: $227,830Liabilities 2016: $204,879Net Assets 2016: $22,9512016Assets 2017: $288,081Liabilities 2017: $150,374Net Assets 2017: $137,7072017Assets 2018: $241,530Liabilities 2018: $151,837Net Assets 2018: $89,6932018Assets 2019: $178,015Liabilities 2019: $109,380Net Assets 2019: $68,6352019Assets 2020: $154,676Liabilities 2020: $82,289Net Assets 2020: $72,3872020Assets 2021: $361,808Liabilities 2021: $9,367Net Assets 2021: $352,4412021Assets 2022: $485,328Liabilities 2022: $53,067Net Assets 2022: $432,2612022Assets 2023: $504,209Liabilities 2023: $46,233Net Assets 2023: $457,9762023Assets 2024: $798,471Liabilities 2024: $96,484Net Assets 2024: $701,9872024

Highlighted filing

2020

Assets$154,676
Liabilities$82,289
Net Assets$72,387

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2014: $16,083Expenses 2014: $0Net Income 2014: $16,0832014Revenue 2015: $547,519Expenses 2015: $391,134Net Income 2015: $156,3852015Revenue 2016: $542,037Expenses 2016: $704,824Net Income 2016: -$162,7872016Revenue 2017: $718,495Expenses 2017: $603,739Net Income 2017: $114,7562017Revenue 2018: $661,842Expenses 2018: $709,856Net Income 2018: -$48,0142018Revenue 2019: $680,289Expenses 2019: $701,347Net Income 2019: -$21,0582019Revenue 2020: $223,515Expenses 2020: $219,763Net Income 2020: $3,7522020Revenue 2021: $713,264Expenses 2021: $433,210Net Income 2021: $280,0542021Revenue 2022: $685,487Expenses 2022: $605,667Net Income 2022: $79,8202022Revenue 2023: $715,882Expenses 2023: $693,863Net Income 2023: $22,0192023Revenue 2024: $1,023,515Expenses 2024: $780,157Net Income 2024: $243,3582024

Highlighted filing

2020

Revenue$223,515
Expenses$219,763
Net Income$3,752
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.0
Gross Receipts
$223,515
Mission and Program Overview

Mission

The copa training foundation, llc and copa safety and education foundation (or "the organization") is a nonprofit corporation that develops and promotes education and safety for owners and pilots of cirrus airplanes.

The COPA Safety Foundation raises funds through charitable contributions and uses those funds to enable the COPA Training Foundation, LLC to operate programs that develop and disseminate education and training activities that support the safer operation of general aviation aircraft.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$139,396$124,165▼ $15,231
Prepaid Expenses and Deferred Charges$10,737$15,261▲ $4,524
Accounts Receivable$3,728$8,628▲ $4,900
Land, Buildings, and Equipment, Net$24,154$6,622▼ $17,532
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$178,015$154,676▼ $23,339
Other Assets Total-$0-
Liabilities
Other Liabilities$78,479$79,307▲ $828
Accounts Payable and Accrued Expenses$29,226$2,982▼ $26,244
Deferred Revenue$1,675--
Total Liabilities$109,380$82,289▼ $27,091
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$68,635$72,387▲ $3,752
Total Net Assets Fund Balance$68,635$72,387▲ $3,752
Total Liabilities and Net Assets / Fund Balance$178,015$154,676▼ $23,339

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,622$71,230-
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$110,186
Program Service Revenue
$113,175
Investment Income
$154
Other Revenue
$0
All Other Contributions
$110,186
Change in Net Assets
$3,752
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$219,763
Total Fundraising Expense$7,541
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$29,552--$29,552
Information Technology$12,504$3,573$1,786$17,863
Depreciation Depletion$12,272$3,507$1,753$17,532
Fees for Services Accounting-$10,900-$10,900
Advertising--$2,789$2,789
Other Expenses$806$231$115$1,152
Travel$797$341-$1,138
Office Expenses$101$379$25$505
Insurance$222$64$32$318
All Other Expenses$54$23-$77
Total Functional Expenses$191,122$21,100$7,541$219,763
International Activity

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeProgramsTraining00$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liability$79,307
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The form is submitted to the Treasurer by the CPA for review and approval. The treasurer reviews for clerical accuracy and obvious mistatements and distributes it to the Board of Directors for review, and upon completion of that review, signs and submits the form.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Each trustee completes a questionnaire that identifies conflicts on an annual basis. The president and secretary monitor board actions for conflicts.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Financial statements and tax returns are available upon request.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, policy documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
COPA Safety & Education Foundation
EIN
46-5678983
Phone
8474981597
Address
P O Box 7700, Grayslake, IL 60030

Signing Officer

Name
Arthur Gunn
Title
Treasurer
Signed
2021-11-10
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
20

Preparer

Firm
Campbell Jones Cohen CPAs
Address
6920 S Cimarron Rd Ste 100, Las Vegas, NV 89113
Preparer
Kay See CPA
Phone
7022552330
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IRS990/OtherExpensesGrp/TotalAmt110412
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