San Francisco Child Abuse Prevention Center

“Safe & Sound's Form 990 undergoes a number of internal and external reviews before it is filed with the IRS. The return is prepared by the organization's public accounting firm and is reviewed by the organization's Chief Executive Officer and Chief Financial Officer. The Chief Executive Officer provides a copy of the Form 990 to the Board of Directors before filing.”

“Safe & Sound requires all officers, directors, and key employees to annually disclose any conflicts. A copy of the relevant policy is provided to these individuals annually as a reminder.”

“The Board of Directors conducts an annual performance review for the Chief Executive Officer and performs a salary review that takes into account comparable salary data for other local nonprofit organizations.”

“Safe & Sound has been operating for more than 40 years. While the organization's files contain the tax exemption determination letter from the Internal Revenue Service, it does not contain the Form 1023.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. The organization posts its financial statements and Form 990 on their website.”

“Safe & Sound filed a Certificate of Amendment to its Articles of Incorporation with the California Secretary of State, effecting the corporation's name change from the San Francisco Child Abuse Prevention Center to Safe & Sound as of September 26, 2017.”

“There have been no changes during the year in the process for oversight of the audit of the financial statements.”

“On June 28, 2016, the Prevention Center acquired 3450 Third Street, Building 2, which is home to our strategic partnership and community education programs. The acquisition of the property was recorded as an asset acquisition. The purchase price was $4,000,000 plus closing costs of approximately $133,000. In addition, there were approximately $57,000 of in-kind legal services rendered associated with the property acquisition which was capitalized to property and equipment. In connection with the property acquisition, the Prevention Center recorded non-operating write-offs of $1,423,313, as reported on the statement of activities as write-offs due to property acquisition. These write-offs are non-cash items which did not affect operating cash flows and are summarized as follows: $ 35,223 Write-off of unamortized in-kind legal asset related to the master lease 1,517,837 Write-off of leasehold improvements upon purchase of property (129,747) Write-off of straight-line rent liability related to the master lease $1,423,313 Total write-offs due to property acquisition”