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Nonprofiteer
← COVEY INC

Form 990 for tax year 2022

Filed by COVEY INC.

Totals

Total revenue
$1,334,341
Total expenses
$1,529,602
Contributions and grants received
$528,954
Grants paid
$0
Program service revenue
$702,478
Investment income
$101,882
Other revenue
$1,027
Total assets, end of year
$4,426,581
Total liabilities, end of year
$852,735
Net assets or fund balances, end of year
$3,573,846
Program services expenses (Part IX)
$1,176,681
Management and general expenses
$346,079
Fundraising expenses
$6,842
Program service expenses (Part III)
$1,176,681

Program services were 76.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $37,500

  • 1e · Government grants (contributions)

    $311,435

  • 1f · All other contributions, gifts and grants

    $180,019

  • 1g · Noncash contributions included above

    $1,698

  • 2a · Program service revenue: PURCHASE OF SERVICE CONTRACTS

    total $702,478 · related or exempt $702,478

  • 3 · Investment income

    total $64,559 · excluded $64,559

  • 7a · Gross sales of assets other than inventory

    securities $662,813

  • 7b · Less cost or other basis and sales expenses

    securities $622,602 · other assets $2,888

  • 7c · Gain or loss

    securities $40,211 · other assets -$2,888

  • 7d · Net gain or loss

    total $37,323 · excluded $37,323

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $1,027 · excluded $1,027

  • 11e · Other revenue, total

    $1,027

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $191,372 · program services $18,863 · management and general $166,837 · fundraising $5,672

  • 7 · Other salaries and wages

    total $668,210 · program services $643,726 · management and general $24,484

  • 8 · Pension plan contributions

    total $4,477 · program services $2,865 · management and general $1,567 · fundraising $45

  • 9 · Other employee benefits

    total $53,576 · program services $34,289 · management and general $18,751 · fundraising $536

  • 10 · Payroll taxes

    total $62,273 · program services $48,291 · management and general $13,579 · fundraising $403

  • 11b · Fees: legal

    total $342 · program services $60 · management and general $282

  • 11c · Fees: accounting

    total $15,066 · program services $2,652 · management and general $12,414

  • 11f · Fees: investment management

    total $21,985 · management and general $21,985

  • 11g · Fees: other

    total $8,783 · program services $1,546 · management and general $7,237

  • 12 · Advertising and promotion

    total $4,418 · program services $3,945 · management and general $473

  • 13 · Office expenses

    total $8,963 · program services $4,347 · management and general $4,616

  • 14 · Information technology

    total $88,282 · program services $71,862 · management and general $16,420

  • 16 · Occupancy

    total $100,403 · program services $66,335 · management and general $34,068

  • 17 · Travel

    total $7,081 · program services $6,769 · management and general $312

  • 20 · Interest

    total $34,911 · program services $33,131 · management and general $1,780

  • 22 · Depreciation, depletion and amortization

    total $42,795 · program services $40,741 · management and general $2,054

  • 23 · Insurance

    total $40,952 · program services $28,300 · management and general $12,466 · fundraising $186

  • 24a · Other expenses: STAFF RECRUITMENT/TRAININ

    total $83,275 · program services $82,859 · management and general $416

  • 24b · Other expenses: PROGRAM EXPENSES

    total $30,700 · program services $30,700

  • 24c · Other expenses: CLIENT SUPPLIES

    total $30,372 · program services $30,372

  • 24d · Other expenses: MISCELLANEOUS

    total $22,459 · program services $21,224 · management and general $1,235

  • 24e · All other expenses

    total $8,907 · program services $3,804 · management and general $5,103

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $58,213 · end of year $63,248

  • 3 · Pledges and grants receivable

    beginning of year $86,390 · end of year $370,880

  • 4 · Accounts receivable

    beginning of year $73,861 · end of year $41,380

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,374 · end of year $19,126

  • 10a · Land, buildings and equipment: cost or other basis

    $1,682,510

  • 10b · Land, buildings and equipment: accumulated depreciation

    $554,904

  • 10c · Land, buildings and equipment, net

    beginning of year $710,981 · end of year $1,127,606

  • 11 · Investments: publicly traded securities

    beginning of year $2,946,330 · end of year $1,830,188

  • 15 · Other assets

    beginning of year $1,169,676 · end of year $974,153

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,153 · end of year $109,929

  • 23 · Secured mortgages and notes payable

    beginning of year $224,329 · end of year $417,895

  • 24 · Unsecured notes and loans payable

    beginning of year $279,934 · end of year $324,911

  • 27 · Net assets without donor restrictions

    beginning of year $2,972,870 · end of year $2,282,796

  • 28 · Net assets with donor restrictions

    beginning of year $1,515,539 · end of year $1,291,050

Mission and programs · 2022

Mission

CREATING OPPORTUNITIES THAT FOSTER PERSONAL GROWTH.

  • RESPITE: THIS PROGRAM OFFERS CAREGIVER RELIEF TO INDIVIDUALS CARING FOR A PERSON WITH A DISABILITY. RELIEF FROM CAREGIVING DUTIES PROVIDES AN OPPORTUNITY FOR THE CAREGIVER TO FOCUS ON THEIR OWN WELL-BEING AND SELF- CARE, PURSUE EMPLOYMENT, AND NURTURE OTHER RELATIONSHIPS THAT ARE IMPORTANT TO THEM. IN 2022 WE PROVIDED OVER 42,000 HOURS OF RESPITE TO ADULTS WITH DISABILITIES WITH EXPENSES TOTALING 864,416.

    Expenses $987,815 · Revenue $683,791

  • COMMUNITY PROGRAMS: OUR COMMUNITY BASED PROGRAMS CONSIST OF OUR NEW COMMUNITY-BASED ADULT DAY SERVICE, COVEY CONNECTS, AND ICAN SHINE BIKE CAMP. THESE PROGRAMS PROVIDE OPPORTUNITIES FOR INDIVIDUALS WITH DISABILITIES TO GAIN NEW SKILLS AND DEVELOP A SOCIAL NETWORK THAT FOSTERS A SENSE OF CONNECTEDNESS. OUR COMMUNITY-BASED PROGRAMS ARE ALL DESIGNED TO SUPPORT INDIVIDUALS AS THEY BUILD SKILLS AND GAIN CONFIDENCE WHILE NAVIGATING THE BROADER COMMUNITY. THE EXPENSES FOR THIS PROGRAM IN 2022 WERE 165,273.

    Expenses $188,866 · Revenue $18,687

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Pam Schutz

    CEO

    Total calculated
    $128,497
    From this org
    $100,855
    From related orgs
    $0
    Other
    $27,642
    Hours/week
    40

  • Barbara Austad

    CFO

    Total calculated
    $62,875
    From this org
    $61,044
    From related orgs
    $0
    Other
    $1,831
    Hours/week
    40

  • Allison Bucciferro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Taylor Reetz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mary Gietman Schellinger

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Cheryl Sina

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Rebecca Van Sycoc

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joe Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bruce Valk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chad Wade

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
12 May 2023
IRS schema version
2022v5.0
Source object
202311329349307356

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