Copas - Colorado FY2020 filing

IRS exemption revoked

Denver, COUnknown exempt organization EIN 84-6031558Revenue $181K in FY2020

On file with the IRScopascolorado.orgPo Box 44128 · Denver, CO

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To educate accountants working in the petroleum or petroleum-related industries.

Mission: Form 990 Part I, line 1

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $35K a year · 29% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
28 mo
of spending, in cash
Looks good: 27.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$13K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$181K
Spent
$138K
Net assets
$310K
By yearFY2020–FY2021
Revenue
$181K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$181K
FY2021$57K
Expenses
$138K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$138K
FY2021$30K
Net assets
$310K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$310K
FY2021$329K

From the FY2020 Form 990 (year ending June 2020) · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on November 15, 2024
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Records Coordinator
$0Pt VII · Sec A
Membership Coordinator
$0Pt VII · Sec A
Communications Coordinator
$0Pt VII · Sec A
Meeting Coordinator
$0Pt VII · Sec A
See Copas - Colorado executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates accountants in the petroleum industry on best practices and current trends.

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Provided by the organization

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3 programs · in their own filed words · FY2019
01

CONFERENCES/EDUCATION

Pt IX · col B
02

Sponsorship income

Pt IX · col B
03

Membership

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$181K
Ln 12
Fees for servicesLn 2g$181K
Investment incomeLn 3$64
Money outPt IX
$138K
Ln 25
Owns and owesPt X
$310K
net assets · Ln 32
Cash and savingsLn 1–2$316K
Total assetsLn 16$322K
LiabilitiesLn 26$13K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$181K
Investment incomeLn 3$64
Total revenueLn 12$181K
Assets in detailPt X, end of year
CashLn 1$78K
SavingsLn 2$238K
Cash and savings togetherLn 1–2$316K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$322K
LiabilitiesLn 26$13K
Net assetsLn 32$310K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$302K$316K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$303K$322K
LiabilitiesLn 26$36K$13K
Net assetsLn 32$267K$310K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$5K
Accounting feesLn 11c$4K
Office expensesLn 13$4K
Information technologyLn 14$112
TravelLn 17$7K
Conferences, conventions and meetingsLn 19$73K
Payments to affiliatesLn 21$44K
InsuranceLn 23$498
Total functional expensesLn 25$138K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $57K$30K$27K$329K 990 PDF
FY2020 Viewing $181K$138K$43K$310K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $180,629 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $211,630$180,565
I-10 Investment incomePrior year $245$64
I-11 Other revenuePrior year $16$0
I-12 Total revenuePrior year $211,891$180,629
I-13 Grants and similar amounts paidPrior year $4,000$5,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $205,511$132,958
I-18 Total expensesPrior year $209,511$137,958
I-19 Revenue less expensesPrior year $2,380$42,671
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $180,629 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $180,565$180,565
VIII-3 Investment incomeExcluded from tax $64$64
VIII-12 Total revenueRelated to mission $180,565 · Unrelated business $0 · Excluded from tax $64$180,629
Part IX · Statement of functional expenses $137,958 across 8 lines filed
IX-2 Grants to domestic individuals$5,000
IX-11c Accounting fees$3,915
IX-13 Office expenses$3,971
IX-14 Information technology$112
IX-17 Travel$6,896
IX-19 Conferences, conventions and meetings$73,086
IX-21 Payments to affiliates$44,480
IX-23 Insurance$498
IX-25 Total functional expenses$137,958
Part X · Balance sheet $322,473 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $534$77,980
X-2 Savings and temporary cash investmentsStart of year $301,285$237,668
X-4 Accounts receivableStart of year $840$6,825
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $302,659$322,473
X-17 Accounts payable and accrued expensesStart of year $35,683$12,580
X-26 Total liabilitiesStart of year $35,683$12,580
X-27 Net assets without donor restrictionsStart of year $264,251$307,168
X-28 Net assets with donor restrictionsStart of year $2,725$2,725
X-32 Total net assets or fund balancesStart of year $266,976$309,893
X-33 Total liabilities and net assetsStart of year $302,659$322,473
Part XI · Reconciliation of net assets $309,893 net assets at year end
XI-1 Total revenue$180,629
XI-2 Total expenses$137,958
XI-3 Revenue less expenses$42,671
XI-4 Net assets at start of year$266,976
XI-8 Prior period adjustments$246
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$309,893

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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