Financials
Statement of Financial Position
National Overdose Prevention and Education is a Non-profit 501 c-(3) Corporation. Our financial position is expected to grow as our contributors continue to participate.
All current participants in the National Overdose Prevention and Education nonprofit have donated their time and resources pro-bono.
Currently, all Federal, State, and local compliance obligations are up to date.
Board of Directors:
Oversight: The Board of Directors is responsible for providing oversight of the organization’s financial management, including approving budgets, financial policies, and major financial decisions.
Financial Policies: The Board of Directors is responsible for establishing and reviewing financial policies, internal controls, and procedures to safeguard the organization’s assets and ensure financial integrity.
Audit and Financial Reporting: The Board ensures that the organization’s financial statements are accurate, complete, and transparent. They also ensure that the organization’s financial reports are audited or reviewed by a qualified independent auditor on a regular basis.
Executive Director/CEO:
Financial Management: The Executive Director oversees the organization’s financial operations, including budget development, financial reporting, and compliance with financial policies and regulations.
Decision-Making: The Executive Director makes financial decisions within the framework of approved budgets and policies set forth by the Board of Directors.
Transparency: The Executive Director ensures that accurate and timely financial information is provided to the Board and other stakeholders.
Staff and Volunteers:
Expenditure Authorization: Staff and volunteers follow established financial procedures for requesting and approving expenditures, ensuring that expenses are consistent with the approved budget and organizational policies.
Receipts and Documentation: Staff and volunteers maintain accurate records of expenses, receipts, and supporting documentation for financial transactions.
Transparency: Staff and volunteers provide accurate and timely financial information to the Finance Committee, CFO, and Executive Director as required.
As a nonprofit we shall always comply with the IRS 501c-(3) guidelines and file the required financial statements to demonstrate we follow all the required nonprofit regulations.Our statements are similar to what “for-profit” businesses file, but some significant differences exist.
As a nonprofit we have a primary responsibility to our donors when filing and sharing these financial statements.
We shall always follow standard accounting practices when filing these statements and find ways to share these details in ways our donors can understand.
We believe sharing financial statements with donors is one of the best ways to ensure transparency and build trust.
Thank You to Our Partners & Sponsors
