Cope Family Center

“The executive director and the finance committee reviews and approves the IRS Form 990 prior to submission. The Full Board receives a copy within 30 days of its submission.”

“Board members have signed statements such that they have committed to promptyly disclose to the board any situation that develops which may involve themselves, including their businesses and nonprofit affiliations. The agreement also includes potential conflicts with family members of board members.”

“The executive committe of COPE Family Center has general oversight of the organization's human resources plan. Specific duties include yearly evaluation of the executive director of the organization. The Northern California Wage and Compensation Survey for Nonprofit Organizations and other studies are used to benchmark executive compensation. The Executive Committee of the Board of Directors meets independent of the executive director to deliberate performance and consider compensation. Findings and recommendations of the committee are presented to the full board of directors for review and approval. Once the evaluation and compensation plan is approved, the committee or board chair meets with the executive director. All of the activity is documented.”

“See discussion for executive and general board approval above.”

“Current and prior year Form 990s are publicly available online at www.guidestar.com. Current and prior year audited/reviewed financial statements are available on the Organization's website at www.copefamilycenter.org. Policies and procedures deemed by law to be made publicly availabe are available upon request at the Organizations main office located at 707 Randolph Street, Napa, CA 94559.”

“Current and prior year Form 990s are publicly available online at www.guidestar.com. Current and prior year audited/reviewed financial statements are available on the Organization's website at www.copefamilycenter.org. Policies and procedures deemed by law to be made publicly availabe are available upon request at the Organizations main office located at 707 Randolph Street, Napa, CA 94559.”

“The statement of functional expenses for fiscal year 2019-2020 shows that program expenses constitutes 87% of total expenses, general & administrative constitutes 7%, and fundraising expense makes up the remaining 6%. These are consistent with copes base levels of functional expenses.”

“TEMPORARILY RESTRICTED CONTRIBUTIONS AT THE BEGINNING OF THE YEAR WERE $1,041,710. An additional $767,835 of temporarily restricted revenue was received in the current year. OF THIS, $1,111,995 IN REVENUE WAS RELEASED INTO THE CURRENT FISCAL YEAR AND $697,550 OF NEW REVENUE WAS TEMPORARILY RESTRICTED TO NEXT FISCAL YEAR. THE NET EFFECT IS A deCREASE OF $344,160 IN TEMPORARILY RESTRICTED NET ASSETS ON THE BALANCE SHEET. THE NET AMOUNT OF $1,111,995 IN RELEASED REVENUE FOR THIS FISCAL YEAR IS NOT INCLUDED IN THE STATEMENT OF REVENUES. SEE PRIOR NOTE ABOVE ON FORM 990, PART VIII STATEMENT OF REVENUES, LINE 1F.”

“TOTAL REVENUE LESS TOTAL EXPENSES SHOWS A deficit OF $411,836 FOR THIS FISCAL YEAR. THE CURRENT PRESENTATION OF COPE'S FINANCIAL STATEMENTS INCLUDES FINANCIAL INFORMATION PRESENTED IN TERMS OF UNRESTRICTED AND TEMPORARILY restricted FUNDS, AND PERMANENTLY RESTRICTED ASSETS.UNRESTRICTED FUNDS ARE FUNDS THAT ARE CONSIDERED AVAILABLE AND ACCESSIBLE TO COPE DURING THE STATED FISCAL YEAR TO COVER OPERATIONS.TEMPORARILY RESTRICTED FUNDS ARE FUNDS THAT ARE RECEIVED WITH A DONOR-IMPOSED RESTRICTION THAT WILL BE SATISFIED IN THE FUTURE (GENERALLY WITHIN ONE YEAR). THE DONOR'S RESTRICTION MAY BE FOR A PARTICULAR PURPOSE OR PROGRAM OR FOR USE IN A SPECIFIED TIME PERIOD.PERMANENTLY RESTRICTED ASSETS ARE ANY ASSETS THAT ARE GIVEN TO A NOT-FOR-PROFIT BY AN OUTSIDE INDIVIDUAL OR AGENCY WITH RESTRICTIONS ON THEIR USE OR PURPOSE.IT IS COPE'S PRACTICE TO USE THE INFORMATION PROVIDED BY THE PRESENTATION OF UNRESTRICTED FUNDS FOR THE PURPOSE OF DETERMINING THE FINANCIAL POSITION AND INFORMING HOW COPE USES THESE FUNDS TO FULFILL COPE'S MISSION. THE EXCLUSION OF REVENUES RELEASED FROM RESTRICTION underSTATES OUR UNRESTRICTED FINANCIAL POSITION BY $344,160. INCLUSION OF THIS RELEASED REVENUE SHOWS COPE WITH A NET LOSS ON UNRESTRICTED FUNDS OF $67,676 FOR THE CURRENT FISCAL YEAR. THIS PRESENTATION IS CONSISTENT WITH THE PRESENTATION IN PRIOR YEARS.THIS DEFICIT IN FISCAL YEAR 2019-2020 FOR PROGRAM AND INFRASTRUCTURE EXPANSIONS WAS BASED ON PERFORMANCE IN SURPLUS YEARS WHICH WAS REINVESTED. COPES CUMULATIVE NET INCOME OVER THE PRIOR three FISCAL YEARS IS A SURPLUS OF $59K WHICH DEMONSTRATES THE EFFECTIVENESS OF THE ORGANIZATIONS ABILITY TO REMAIN FISCALLY SOUND DURING AND AFTER TIMES OF PROGRAM EXPANSION.”