Title: NOTE 1: ORGANIZATION
Accounting Policies: FINANCIAL STATEMENT PRESENTATION
The accompanying financial statements are prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles. Net assets, revenues, expenses, gains, and losses are classified based on the existence or absence of donor imposed restrictions. Accordingly, net assets of TAP and changes therein are classified and reported as follows:
Net Assets Without Donor Restrictions: Net assets available for use in general operations and not subject to donor (or certain grantor) restrictions.
Net Assets With Donor Restrictions: Net assets subject to donor (or certain grantor) imposed restrictions. Some donor imposed restrictions are temporary in nature, such as those that will be met by the passage of time or other events specified by the donor. Other donor imposed restrictions are perpetual in nature, where the donor stipulates that resources be maintained in perpetuity. Donor imposed restrictions are released when a restriction expires, that is when the stipulated time has elapsed, when the stipulated purpose for which the resource was restricted has been fulfilled, or both.
De Minimis Rate Used: N
Rate Explanation: TAP did not elect to use the 10% de minimus indirect cost rate.
Established in 1982 as a nonprofit, Texas Advocacy Project, Inc.’s (TAP) mission is to prevent domestic and dating violence, sexual assault, and stalking throughout Texas through free legal services, access to the justice system, and education. Our attorneys, staff, volunteers, and Board of Directors are committed to advancing our vision that all Texans live safely in hope, not fear. TAP is principally funded through federal cost reimbursement grants from the Office of the Governor and contributions.
Historically, TAP has described its services as programs; however, in 2016 management has determined it is better to categorize services into departments: Direct Legal Services (DLS) department and the Survivors Support Services and Presentations (SSSP) department. DLS encompasses the former Protective Orders Program, Justice Initiative Program, Emergency Protective Order Program, and Legal Hotlines Program. SSSP now accounts for the Legal Access Initiative.
Direct Legal Services Department
The project works directly with victims, shelters, law enforcement agencies, and courts across Texas to deliver effective legal services such as advice and counsel through our legal lines and video conference equipment assistance with protective orders including MOEP’s, assistance in pro-se matters, direct representation, and impact litigation.
Survivors Support Services and Presentations Department
TAP provides free training, technical support, and consulting for judges, prosecutors, law enforcement, family and sexual violence victim advocates, universities, and allied professionals in communities throughout Texas in order to identify and implement best practices and strategies in responding to the needs of victims of domestic and dating violence, sexual assault, and stalking. The department provides targeted outreach to at-risk communities with the intent of bringing victims to service. In addition, staff from this department provide survivors with a range of services such as safety planning, help in accessing Crime Victims’ Compensation and Texas Victim Information and Notification Everyday (VINE) funds.
Title: NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: FINANCIAL STATEMENT PRESENTATION
The accompanying financial statements are prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles. Net assets, revenues, expenses, gains, and losses are classified based on the existence or absence of donor imposed restrictions. Accordingly, net assets of TAP and changes therein are classified and reported as follows:
Net Assets Without Donor Restrictions: Net assets available for use in general operations and not subject to donor (or certain grantor) restrictions.
Net Assets With Donor Restrictions: Net assets subject to donor (or certain grantor) imposed restrictions. Some donor imposed restrictions are temporary in nature, such as those that will be met by the passage of time or other events specified by the donor. Other donor imposed restrictions are perpetual in nature, where the donor stipulates that resources be maintained in perpetuity. Donor imposed restrictions are released when a restriction expires, that is when the stipulated time has elapsed, when the stipulated purpose for which the resource was restricted has been fulfilled, or both.
De Minimis Rate Used: N
Rate Explanation: TAP did not elect to use the 10% de minimus indirect cost rate.
ESTIMATES
The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
FINANCIAL STATEMENT PRESENTATION
The accompanying financial statements are prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles. Net assets, revenues, expenses, gains, and losses are classified based on the existence or absence of donor imposed restrictions. Accordingly, net assets of TAP and changes therein are classified and reported as follows:
Net Assets Without Donor Restrictions: Net assets available for use in general operations and not subject to donor (or certain grantor) restrictions.
Net Assets With Donor Restrictions: Net assets subject to donor (or certain grantor) imposed restrictions. Some donor imposed restrictions are temporary in nature, such as those that will be met by the passage of time or other events specified by the donor. Other donor imposed restrictions are perpetual in nature, where the donor stipulates that resources be maintained in perpetuity. Donor imposed restrictions are released when a restriction expires, that is when the stipulated time has elapsed, when the stipulated purpose for which the resource was restricted has been fulfilled, or both.
INCOME TAXES
TAP is an organization other than a private foundation exempt from Federal income taxes under IRS Code Section 501(c)(3). Therefore, no provision has been made for Federal income taxes in the accompanying financial statements.
TAP’s policy is to record interest and penalty expense related to income taxes as interest and other expense, respectively. At 31 December 2024, no interest or penalties have been or required to be accrued.
FIXED ASSETS
Prior to March 2024, fixed asset purchases of $1,000 and greater were recorded at cost. Contributions of fixed assets, other than software, valued at $1,000 and greater and contributed software with estimated useful lives greater than one year are recorded as support at their estimated fair value.
Beginning March 2024, fixed asset purchases of $5,000 and above per unit, and an estimated useful life greater than one year, are recorded at cost. Donated fixed assets valued at $5,000 and above per unit are recorded as support at their estimated fair market value.
Depreciation on fixed assets is provided using the straight-line method over estimated useful lives of the respective assets, ranging from 3 to 5 years. Upon sale or other disposition of assets, the cost and related accumulated depreciation are removed from the accounts and the resulting gain or loss, if any, is reflected as an increase or decrease in net assets without donor restrictions. Maintenance and repairs, which neither materially add to the value of the asset nor appreciably prolong its life, are charged to expenses as incurred.
CONTRIBUTIONS
TAP recognizes contributions when cash, securities or other assets, an unconditional promise to give, or a notification of a beneficial interest is received. Conditional promises to give, those with a measurable performance or other barrier and a right of return, are recognized when the conditions on which they depend have been met.
LEASES
TAP determines if an arrangement is or contains a lease at inception. Leases are included in right of use (ROU) assets and lease liabilities in the statement of financial position. ROU assets and lease liabilities reflect the present value of the future minimum lease payments over the lease term. ROU assets also include prepaid or accrued rent. Operating lease expense is recognized on a straight-line basis over the lease term. TAP does not report ROU assets and leases liabilities obligations for its short-term leases (leases with a term of 12 months or less). Instead, the lease payments of those leases are reported as lease expense on a straight-line basis over the lease term.
SUBSEQUENT EVENTS
TAP has evaluated subsequent events for disclosure through the date of the Independent Auditor’s Report, the date the financial statements were available to be issued.
FEDERAL AND STATE GRANTS
A significant portion of TAP’s revenue is derived from cost-reimbursable federal and state grants, which are conditioned upon certain performance requirements and/or the incurrence of allowable qualifying expenses. Amounts received are recognized as revenue when TAP has incurred expenditures in compliance with specific contract or grant provisions. TAP has contracts for cost-reimbursable grants of $2,547,476 for which qualifying expenditures have not been incurred and accordingly have not been recognized at 31 December 2024.
FUNCTIONAL ALLOCATION OF EXPENSES
The financial statements report certain categories of expenses that are attributed to more than one program or supporting function. Therefore, some expenses require allocation on a reasonable basis that is consistently applied. Personnel costs, technology, professional fees, telecommunications, depreciation, travel and other are allocated based on estimates of time and effort by personnel. Occupancy is allocated based on management’s knowledge and review of individual transactions.
GRANTS RECEIVABLE
TAP has not recorded an allowance for uncollectible accounts because the receivables are considered to be 100% collectible. All receivables on the statement of financial position are due within the next fiscal year. TAP estimates allowances for uncollectible accounts by evaluating the creditworthiness, the historical collections, and the aging of the accounts. Once an account is deemed uncollectible, it is written off. Receivables are considered delinquent based on how recently payments have been received.
Title: NOTE 3: CONTINGENCY
Accounting Policies: FINANCIAL STATEMENT PRESENTATION
The accompanying financial statements are prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles. Net assets, revenues, expenses, gains, and losses are classified based on the existence or absence of donor imposed restrictions. Accordingly, net assets of TAP and changes therein are classified and reported as follows:
Net Assets Without Donor Restrictions: Net assets available for use in general operations and not subject to donor (or certain grantor) restrictions.
Net Assets With Donor Restrictions: Net assets subject to donor (or certain grantor) imposed restrictions. Some donor imposed restrictions are temporary in nature, such as those that will be met by the passage of time or other events specified by the donor. Other donor imposed restrictions are perpetual in nature, where the donor stipulates that resources be maintained in perpetuity. Donor imposed restrictions are released when a restriction expires, that is when the stipulated time has elapsed, when the stipulated purpose for which the resource was restricted has been fulfilled, or both.
De Minimis Rate Used: N
Rate Explanation: TAP did not elect to use the 10% de minimus indirect cost rate.
TAP receives grants for specific purposes that are subject to grantor review. Such reviews could result in a request for reimbursement by the grantor if unallowable costs are identified. TAP’s management believes that any liability for reimbursement which could arise as the result of these audits would not be material to the financial position of TAP.
Title: NOTE 4: RELATED PARTY TRANSACTIONS
Accounting Policies: FINANCIAL STATEMENT PRESENTATION
The accompanying financial statements are prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles. Net assets, revenues, expenses, gains, and losses are classified based on the existence or absence of donor imposed restrictions. Accordingly, net assets of TAP and changes therein are classified and reported as follows:
Net Assets Without Donor Restrictions: Net assets available for use in general operations and not subject to donor (or certain grantor) restrictions.
Net Assets With Donor Restrictions: Net assets subject to donor (or certain grantor) imposed restrictions. Some donor imposed restrictions are temporary in nature, such as those that will be met by the passage of time or other events specified by the donor. Other donor imposed restrictions are perpetual in nature, where the donor stipulates that resources be maintained in perpetuity. Donor imposed restrictions are released when a restriction expires, that is when the stipulated time has elapsed, when the stipulated purpose for which the resource was restricted has been fulfilled, or both.
De Minimis Rate Used: N
Rate Explanation: TAP did not elect to use the 10% de minimus indirect cost rate.
TAP made a one time $2,400 payment to a partner of a TAP employee. All Board members and external committee members make monetary donations to TAP in the normal course of their volunteer terms. These are typically board dues, Advocates for Hope donations, or participating in event fundraising. Total board and staff donations during the year were $183,266.
Title: NOTE 5: CONCENTRATIONS
Accounting Policies: FINANCIAL STATEMENT PRESENTATION
The accompanying financial statements are prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles. Net assets, revenues, expenses, gains, and losses are classified based on the existence or absence of donor imposed restrictions. Accordingly, net assets of TAP and changes therein are classified and reported as follows:
Net Assets Without Donor Restrictions: Net assets available for use in general operations and not subject to donor (or certain grantor) restrictions.
Net Assets With Donor Restrictions: Net assets subject to donor (or certain grantor) imposed restrictions. Some donor imposed restrictions are temporary in nature, such as those that will be met by the passage of time or other events specified by the donor. Other donor imposed restrictions are perpetual in nature, where the donor stipulates that resources be maintained in perpetuity. Donor imposed restrictions are released when a restriction expires, that is when the stipulated time has elapsed, when the stipulated purpose for which the resource was restricted has been fulfilled, or both.
De Minimis Rate Used: N
Rate Explanation: TAP did not elect to use the 10% de minimus indirect cost rate.
At year end, Funding from two grantors accounted for 26% of TAP’s total revenue, 22% of total receivables is due from one grantor and TAP had deposits in excess of FDIC coverage of $707,724.
Title: NOTE 6: EMPLOYEE BENEFIT PLAN
Accounting Policies: FINANCIAL STATEMENT PRESENTATION
The accompanying financial statements are prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles. Net assets, revenues, expenses, gains, and losses are classified based on the existence or absence of donor imposed restrictions. Accordingly, net assets of TAP and changes therein are classified and reported as follows:
Net Assets Without Donor Restrictions: Net assets available for use in general operations and not subject to donor (or certain grantor) restrictions.
Net Assets With Donor Restrictions: Net assets subject to donor (or certain grantor) imposed restrictions. Some donor imposed restrictions are temporary in nature, such as those that will be met by the passage of time or other events specified by the donor. Other donor imposed restrictions are perpetual in nature, where the donor stipulates that resources be maintained in perpetuity. Donor imposed restrictions are released when a restriction expires, that is when the stipulated time has elapsed, when the stipulated purpose for which the resource was restricted has been fulfilled, or both.
De Minimis Rate Used: N
Rate Explanation: TAP did not elect to use the 10% de minimus indirect cost rate.
TAP provides a retirement benefit plan to its employees. Employees may elect to contribute to the plan via payroll deductions and TAP matches the employees’ contributions up to 2% of the employee’s annual compensation. Contributions to the plan by TAP were $51,708 for 2024.
Title: NOTE 7: LEASES
Accounting Policies: FINANCIAL STATEMENT PRESENTATION
The accompanying financial statements are prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles. Net assets, revenues, expenses, gains, and losses are classified based on the existence or absence of donor imposed restrictions. Accordingly, net assets of TAP and changes therein are classified and reported as follows:
Net Assets Without Donor Restrictions: Net assets available for use in general operations and not subject to donor (or certain grantor) restrictions.
Net Assets With Donor Restrictions: Net assets subject to donor (or certain grantor) imposed restrictions. Some donor imposed restrictions are temporary in nature, such as those that will be met by the passage of time or other events specified by the donor. Other donor imposed restrictions are perpetual in nature, where the donor stipulates that resources be maintained in perpetuity. Donor imposed restrictions are released when a restriction expires, that is when the stipulated time has elapsed, when the stipulated purpose for which the resource was restricted has been fulfilled, or both.
De Minimis Rate Used: N
Rate Explanation: TAP did not elect to use the 10% de minimus indirect cost rate.
TAP evaluated current contracts to determine which met the criteria of a lease. The ROU assets represent TAP’s right to use underlying assets for the lease term, and the lease liabilities represent TAP’s obligation to make lease payments arising from these leases. The ROU asset and lease liability, all of which arise from an operating lease, were calculated based on the present value of future lease payments over the lease terms. TAP elected to use the risk-free rate to discount future lease payments. The discount rate applied to calculate lease liabilities as of 31 December 2024 was 1.55%. TAP leases office space under an operating lease that expires in February 2028, with a remaining lease term of 38 months. Total rent expense was $99,623 for the year ended 31 December 2024. Future maturities of lease liabilities are presented in the following table, for the years ending 31 December:2025 $98,793
2026 95,854
2027 97,789
2028 16,625
309,061
Less: present value discount (9,814)
$299,247
As of year end, the ROU asset related to the operating lease was as follows:
Cost $552,480
Less: accumulated amortization (260,946)
$291,534
Supplemental cash flow information related to leases:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating lease $99,623
Right of use asset upon ASC 842 implementation:
Operating lease $552,480
Title: NOTE 8: LIQUIDITY AND AVAILABILITY
Accounting Policies: FINANCIAL STATEMENT PRESENTATION
The accompanying financial statements are prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles. Net assets, revenues, expenses, gains, and losses are classified based on the existence or absence of donor imposed restrictions. Accordingly, net assets of TAP and changes therein are classified and reported as follows:
Net Assets Without Donor Restrictions: Net assets available for use in general operations and not subject to donor (or certain grantor) restrictions.
Net Assets With Donor Restrictions: Net assets subject to donor (or certain grantor) imposed restrictions. Some donor imposed restrictions are temporary in nature, such as those that will be met by the passage of time or other events specified by the donor. Other donor imposed restrictions are perpetual in nature, where the donor stipulates that resources be maintained in perpetuity. Donor imposed restrictions are released when a restriction expires, that is when the stipulated time has elapsed, when the stipulated purpose for which the resource was restricted has been fulfilled, or both.
De Minimis Rate Used: N
Rate Explanation: TAP did not elect to use the 10% de minimus indirect cost rate.
Financial assets available for general expenditure, that is, without donor or other restrictions limiting their use, within one year from the statement of financial position date, are:
Cash $1,074,115
Grants receivable 556,801
Pledges and other receivables 419,167
2,050,083
Less: amounts unavailable for general expenditure within one year (897,972)
$1,152,111
As a part of TAP’s liquidity management, it has a policy to structure its financial assets to be available as its general expenditures, liabilities, and other obligations come due. The policy is that monthly revenues are to cover monthly expenses. Monthly revenues and expenditures are deposited in and deducted from TAP’s operating account.
See Note 10 for additional details regarding the nature of donor imposed restrictions on assets that are not available for general expenditures within one year of the statement of financial position date.
Title: NOTE 9: FIXED ASSETS
Accounting Policies: FINANCIAL STATEMENT PRESENTATION
The accompanying financial statements are prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles. Net assets, revenues, expenses, gains, and losses are classified based on the existence or absence of donor imposed restrictions. Accordingly, net assets of TAP and changes therein are classified and reported as follows:
Net Assets Without Donor Restrictions: Net assets available for use in general operations and not subject to donor (or certain grantor) restrictions.
Net Assets With Donor Restrictions: Net assets subject to donor (or certain grantor) imposed restrictions. Some donor imposed restrictions are temporary in nature, such as those that will be met by the passage of time or other events specified by the donor. Other donor imposed restrictions are perpetual in nature, where the donor stipulates that resources be maintained in perpetuity. Donor imposed restrictions are released when a restriction expires, that is when the stipulated time has elapsed, when the stipulated purpose for which the resource was restricted has been fulfilled, or both.
De Minimis Rate Used: N
Rate Explanation: TAP did not elect to use the 10% de minimus indirect cost rate.
Computer equipment $201,897
Website 51,425
Leasehold improvements 850
Accumulated depreciation (242,225)
$11,947
Title: NOTE 10: CONTRIBUTED SERVICES
Accounting Policies: FINANCIAL STATEMENT PRESENTATION
The accompanying financial statements are prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles. Net assets, revenues, expenses, gains, and losses are classified based on the existence or absence of donor imposed restrictions. Accordingly, net assets of TAP and changes therein are classified and reported as follows:
Net Assets Without Donor Restrictions: Net assets available for use in general operations and not subject to donor (or certain grantor) restrictions.
Net Assets With Donor Restrictions: Net assets subject to donor (or certain grantor) imposed restrictions. Some donor imposed restrictions are temporary in nature, such as those that will be met by the passage of time or other events specified by the donor. Other donor imposed restrictions are perpetual in nature, where the donor stipulates that resources be maintained in perpetuity. Donor imposed restrictions are released when a restriction expires, that is when the stipulated time has elapsed, when the stipulated purpose for which the resource was restricted has been fulfilled, or both.
De Minimis Rate Used: N
Rate Explanation: TAP did not elect to use the 10% de minimus indirect cost rate.
Donated services are recognized as contributions if the services (a) create or enhance nonfinancial assets or (b) require special skills, are performed by people with those skills, and would otherwise be purchased by TAP. TAP recognized $169,232 in contributed services for the use of specialized attorneys, law clerks, and other specialized services. These contributed services did not have donor-imposed restrictions. Contributed professional services are used for program activities and valued and reported at the estimated fair value in the financial statements based on current rates for similar services. TAP received 1,807 in nonprofessional volunteer hours from board members and interns valued at $34,342 not recognized in the accompanying financial statements, because they do not meet the criteria for recognition.
Title: NOTE 11: NET ASSETS WITH DONOR RESTRICTIONS
Accounting Policies: FINANCIAL STATEMENT PRESENTATION
The accompanying financial statements are prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles. Net assets, revenues, expenses, gains, and losses are classified based on the existence or absence of donor imposed restrictions. Accordingly, net assets of TAP and changes therein are classified and reported as follows:
Net Assets Without Donor Restrictions: Net assets available for use in general operations and not subject to donor (or certain grantor) restrictions.
Net Assets With Donor Restrictions: Net assets subject to donor (or certain grantor) imposed restrictions. Some donor imposed restrictions are temporary in nature, such as those that will be met by the passage of time or other events specified by the donor. Other donor imposed restrictions are perpetual in nature, where the donor stipulates that resources be maintained in perpetuity. Donor imposed restrictions are released when a restriction expires, that is when the stipulated time has elapsed, when the stipulated purpose for which the resource was restricted has been fulfilled, or both.
De Minimis Rate Used: N
Rate Explanation: TAP did not elect to use the 10% de minimus indirect cost rate.
Balances of net assets with donor restrictions at year end:
Purpose restricted:
Supporting mental health and legal needs of domestic violence survivors $98,677
Legal education and training videos 29,732
Handbags for Hope and other 19,564
147,973
Time restricted:
2025 250,000
2026 250,000
2027 250,000
750,000
$897,973
Net assets released from donor restriction during the year
Satisfaction of purpose restrictions during the year:
Mental health and legal needs $115,139
Social work program 19,500
Coordinating volunteers to assist survivors 15,968
Laptops and equipment 8,333
Legal education and training videos 5,268
Caring for children and other 15,786
$179,994
Title: NOTE 12: REVENUE FROM CONTRACTS WITH CUSTOMERS
Accounting Policies: FINANCIAL STATEMENT PRESENTATION
The accompanying financial statements are prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles. Net assets, revenues, expenses, gains, and losses are classified based on the existence or absence of donor imposed restrictions. Accordingly, net assets of TAP and changes therein are classified and reported as follows:
Net Assets Without Donor Restrictions: Net assets available for use in general operations and not subject to donor (or certain grantor) restrictions.
Net Assets With Donor Restrictions: Net assets subject to donor (or certain grantor) imposed restrictions. Some donor imposed restrictions are temporary in nature, such as those that will be met by the passage of time or other events specified by the donor. Other donor imposed restrictions are perpetual in nature, where the donor stipulates that resources be maintained in perpetuity. Donor imposed restrictions are released when a restriction expires, that is when the stipulated time has elapsed, when the stipulated purpose for which the resource was restricted has been fulfilled, or both.
De Minimis Rate Used: N
Rate Explanation: TAP did not elect to use the 10% de minimus indirect cost rate.
DISAGGREGATION OF REVENUE FROM CONTRACTS WITH CUSTOMERS
The following table disaggregates TAP’s revenue based on the timing of satisfaction of performance obligations for the year ended 31 December 2024:
Performance obligations satisfied at a point in time $215,366
Revenue recognized at a point of time primarily includes revenues related to sponsorships, ticket sales, raffle sales, live auction sales, food and beverages, and advertising for the spring and fall events, included in special events revenue on the statement of activities.
PERFORMANCE OBLIGATIONS
Special events revenue is recognized at a point in time, when control of the goods transfers to the customer in an amount that reflects the consideration TAP expects to be entitled to in exchange for those goods. Typically, control is deemed to transfer at the date at which the customer received the benefit from the event. Payments are received either in advance or on the day of the event. The advance payments received before the event are accounted for as deferred revenue until the date of the event. As of year end, there was no deferred revenue or contract balances related to event revenues.
Title: NOTE 13: FAIR VALUE DISCLOSURES
Accounting Policies: FINANCIAL STATEMENT PRESENTATION
The accompanying financial statements are prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles. Net assets, revenues, expenses, gains, and losses are classified based on the existence or absence of donor imposed restrictions. Accordingly, net assets of TAP and changes therein are classified and reported as follows:
Net Assets Without Donor Restrictions: Net assets available for use in general operations and not subject to donor (or certain grantor) restrictions.
Net Assets With Donor Restrictions: Net assets subject to donor (or certain grantor) imposed restrictions. Some donor imposed restrictions are temporary in nature, such as those that will be met by the passage of time or other events specified by the donor. Other donor imposed restrictions are perpetual in nature, where the donor stipulates that resources be maintained in perpetuity. Donor imposed restrictions are released when a restriction expires, that is when the stipulated time has elapsed, when the stipulated purpose for which the resource was restricted has been fulfilled, or both.
De Minimis Rate Used: N
Rate Explanation: TAP did not elect to use the 10% de minimus indirect cost rate.
Item
Amount Quoted Prices
in Active
Markets for
Identical Assets
(Level 1) Significant Other
Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)Current year contributions of long-term receivables
$500,000
$0
$500,000
$0
U.S. generally accepted accounting principles require that contributions of long-term contributions receivable be recorded at their estimate fair value when received. Contributions of long-term receivables were valued by management based on expected future cash flows discounted at a market interest rate.
Title: NOTE 14: PLEDGES RECEIVABLE
Accounting Policies: FINANCIAL STATEMENT PRESENTATION
The accompanying financial statements are prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles. Net assets, revenues, expenses, gains, and losses are classified based on the existence or absence of donor imposed restrictions. Accordingly, net assets of TAP and changes therein are classified and reported as follows:
Net Assets Without Donor Restrictions: Net assets available for use in general operations and not subject to donor (or certain grantor) restrictions.
Net Assets With Donor Restrictions: Net assets subject to donor (or certain grantor) imposed restrictions. Some donor imposed restrictions are temporary in nature, such as those that will be met by the passage of time or other events specified by the donor. Other donor imposed restrictions are perpetual in nature, where the donor stipulates that resources be maintained in perpetuity. Donor imposed restrictions are released when a restriction expires, that is when the stipulated time has elapsed, when the stipulated purpose for which the resource was restricted has been fulfilled, or both.
De Minimis Rate Used: N
Rate Explanation: TAP did not elect to use the 10% de minimus indirect cost rate.
Due in:
Less than one year $419,167
One to five years 500,000
$919,167
Title: NOTE 15: FUNCTIONAL EXPENSES
Accounting Policies: FINANCIAL STATEMENT PRESENTATION
The accompanying financial statements are prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles. Net assets, revenues, expenses, gains, and losses are classified based on the existence or absence of donor imposed restrictions. Accordingly, net assets of TAP and changes therein are classified and reported as follows:
Net Assets Without Donor Restrictions: Net assets available for use in general operations and not subject to donor (or certain grantor) restrictions.
Net Assets With Donor Restrictions: Net assets subject to donor (or certain grantor) imposed restrictions. Some donor imposed restrictions are temporary in nature, such as those that will be met by the passage of time or other events specified by the donor. Other donor imposed restrictions are perpetual in nature, where the donor stipulates that resources be maintained in perpetuity. Donor imposed restrictions are released when a restriction expires, that is when the stipulated time has elapsed, when the stipulated purpose for which the resource was restricted has been fulfilled, or both.
De Minimis Rate Used: N
Rate Explanation: TAP did not elect to use the 10% de minimus indirect cost rate.
Survivor Support Services and presentations Direct Legal Services
Total Program
Administration
Fundraising
Total
Personnel costs $1,314,741 $2,176,566 $3,491,307 $155,001 $228,727 $3,875,035
Fundraising 0 0 0 0 371,652 371,652
Professional fees 113,314 98,206 211,520 86,874 79,320 377,714
Occupancy 0 86,672 86,672 3,985 8,966 99,623
Travel 29,082 22,995 52,077 8,116 7,440 67,633
Technology 11,579 48,891 60,470 2,573 1,287 64,330
Telecommunications 25,729 12,864 38,593 1,774 3,994 44,361
Depreciation 8,939 0 8,939 8,588 0 17,527
Other 39,739 111,269 151,008 7,949 0 158,957
$1,543,123 $2,557,463 $4,100,586 $274,860 $701,386 $5,076,832