Minnesota Cope Program

Nonprofit profile at a glance

EIN
843396138
IRS 990-EZ coverage
2021–2023
Forms available
Form 990-EZ 2023, Form 990-N 2022
Location
Eagan, MN, USA
Phone
6512600039
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$57,051
Expenses
$56,140
Assets
$9,518
Liabilities
$1,459

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • Dorothy Barnes-Griswold (CEO Executive Director)

People named in this filing

  • Dorothy Barnes-Griswold (CEO Executive Director)
  • Joshua Lee Beckey (Board Chair)
  • Dr Constance Nelson Martin (Vice Chair)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Minnesota COPE Program is dedicated to assist underrepresented scholars in attaining educational opportunities, key resources, and financial support necessary to achieve their highest academic, personal, and professional career goals.

What it reported doing in 2023

COPE's purpose is to provide resources and academic scholarships to college-bound students attending public or private high schools in the Twin Cities Metropolitan Area, and students attending college. Our objective is to assist scholar members with programs and activities to prepare them for a successful transition to post-secondary educational programs of their choice. Goals: 1. Involve community youth with activities which will prepare them for post-secondary enrollment. 2. Coordinate and engage students with volunteer community service opportunities to enhance their leadership skills.

Operating model

Revenue model
Donor-supported. 77% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 67% for direct work, and 33% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 100
  • Sustainability: 30
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.5%; rating input score 93
  • Program expense ratio: 94.9%; rating input score 95

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 1.6%; rating input score 50; 50th percentile among comparable filings
  • Total-asset coverage ratio: 0.17; rating input score 14; 14th percentile among comparable filings
  • Liabilities to assets ratio: 0.15; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 30.7%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -0.5% per year; rating input score 0; 51st percentile among comparable filings
  • Asset growth: -4.3% per year; rating input score 0; 26th percentile among comparable filings

Details

  • Where the money goes: 93.5% of revenue deployed · 94.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $53K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2021 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 14/100.
  • Review — Sustainability: Operating margin scored 50/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.