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Kovar Corporation

Tax-deductible

Roanoke, VA501(c)(3)Human Services EIN 23-7337216Revenue $868K in FY2025

On file with the IRSkovarva.orgPo Box 20872, 24018-0088 · Roanoke, VATax-exempt since Apr 1983Publicly supported — 509(a)(2)

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To provide financial assistance through grants and home loans to tax-exempt organizations providing training and assistance to citizens with intellectual disabilities in the commonwealth of virginia

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 1,250 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $61K a year · 9% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Looks good: 21.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$37K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$868K
+20% vs prior year
Spent
$768K
To programs
84%
Net assets
$2.7M
By yearFY2021–FY2025
Revenue
$868K
FY2025▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2021$512K
FY2022$594K
FY2023$661K
FY2024$724K
FY2025$868K
Expenses
$768K
FY2025▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2021$395K
FY2022$395K
FY2023$695K
FY2024$801K
FY2025$768K
Net assets
$2.7M
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.6M
FY2022$2.7M
FY2023$2.7M
FY2024$2.6M
FY2025$2.7M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1983.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $645K Management & general 3% · $26K Fundraising 13% · $96K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Rick Witty
VP - Audits
$0Pt VII · Sec A
$0Pt VII · Sec A
Francis Holland
VP - Fundrai
$0Pt VII · Sec A
Matthew Wheeler
VP - Grants
$0Pt VII · Sec A
Michael Szablak
VP - Home Lo
$0Pt VII · Sec A
Tim Shea
Vp-Strategic
$0Pt VII · Sec A
Brian Ripple
Treasurer
$0Pt VII · Sec A
See Kovar Corporation 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

Offers grants and home loans to Virginia groups helping citizens with intellectual disabilities.

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Provided by the organization

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1 program · $645K · in their own filed words · FY2024
01

To provide financial assistance through grants and loans to charitable organizations that provide training and assistance to citizens with intellectual disabilities in the commonwealth of virginia.

$645Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Mulholland FoundationFY2025$5K
Total grants receivedfrom 1 funder$5K
Grants paid · 140 grants · $2.3M · 2020–2024
Special Olympics Virginia INCVA · FY2024$25,000
Virginia Down Syndrome AssociationVA · FY2024$20,000
View of Heaven FarmVA · FY2024$20,000
Soar365VA · FY2024$20,000
Medical Home Plus INCVA · FY2024$20,000
Marc of Virginia INCVA · FY2024$20,000
Legacy FarmsVA · FY2024$20,000
Hope House Foundation INCVA · FY2024$20,000
EncircleVA · FY2024$20,000
Coles Horse Autism Therapy StationVA · FY2024$20,000
Easter Seals Ucp North Carolina & Virginia INCNC · FY2024$20,000
Biznet IncorporatedVA · FY2024$20,000
Alleghany Highlands Community SvcsFY2024$20,000
Autism Sanctuary INCVA · FY2024$19,848
Heather Empfield Day School &VA · FY2024$19,762
Special Persons Mailing Service INCVA · FY2024$19,750
Jills House INCVA · FY2024$19,730
Colonial Behaviorial HealthVA · FY2024$18,104
See all 140 grants →

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$868K
Ln 12
Gifts and grantsLn 1h$737K
Fees for servicesLn 2g$60K
Investment incomeLn 3$52K
Money outPt IX
$768K
Ln 25
Programscol B$645K
Managementcol C$26K
Fundraisingcol D$96K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$2.8M
LiabilitiesLn 26$37K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$737K
Fees for servicesLn 2g$60K
Investment incomeLn 3$52K
Other incomeLn 4–11$18K
Total revenueLn 12$868K
Assets in detailPt X, end of year
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.3M
Other assetsLn 15$15K
Total assetsLn 16$2.8M
LiabilitiesLn 26$37K
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 61,250
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.1M$1.3M
Total assetsLn 16$2.7M$2.8M
LiabilitiesLn 26$77K$37K
Net assetsLn 32$2.6M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$549K$549K
Accounting feesLn 11c$19K$19K
Other fees for servicesLn 11g$102K$21K$81K
Office expensesLn 13$3K$375$2K
InsuranceLn 23$6K$6K$500
Other expenses (24a–d)Ln 24$88K$74K$1K$13K
Total functional expensesLn 25$768K$645K$26K$96K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $868K$768K$100K$2.7M 990 PDF
FY2024 $724K$801K−$76K$2.6M 990 PDF
FY2023 $661K$695K−$34K$2.7M 990 PDF
FY2022 $594K$395K$199K$2.7M 990 PDF
FY2021 $512K$395K$116K$2.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $868,070 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $622,660$737,342
I-9 Program service revenuePrior year $38,429$60,443
I-10 Investment incomePrior year $61,923$52,063
I-11 Other revenuePrior year $1,173$18,222
I-12 Total revenuePrior year $724,185$868,070
I-13 Grants and similar amounts paidPrior year $552,804$549,493
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising feesPrior year $10,916$0
I-17 Other expensesPrior year $236,816$218,250
I-18 Total expensesPrior year $800,536$767,743
I-19 Revenue less expensesPrior year −$76,351$100,327
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $868,070 across 7 lines filed
VIII-1a Federated campaigns$79,831
VIII-1f All other contributions, gifts and grants$657,511
VIII-1h Total contributions, gifts and grants$737,342
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $60,443$60,443
VIII-3 Investment incomeExcluded from tax $52,063$52,063
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $18,222$18,222
VIII-12 Total revenueRelated to mission $78,665 · Excluded from tax $52,063$868,070
Part IX · Statement of functional expenses $767,743 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $549,493$549,493
IX-11c Accounting feesManagement $18,800$18,800
IX-11g Other fees for servicesPrograms $21,250 · Fundraising $81,199$102,449
IX-13 Office expensesManagement $375 · Fundraising $2,194$2,569
IX-23 InsuranceManagement $5,785 · Fundraising $500$6,285
IX-24 Other expenses (24a–d)Programs $74,342 · Management $1,278 · Fundraising $12,527$88,147
IX-25 Total functional expensesPrograms $645,085 · Management $26,238 · Fundraising $96,420$767,743
Part X · Balance sheet $2,771,600 assets, 11 lines filed
Asset lines not itemized here account for $1,407,535; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $1,094,413$1,341,159
X-3 Pledges and grants receivableStart of year $8,612$5,797
X-9 Prepaid expenses and deferred chargesStart of year $4,521$2,260
X-15 Other assetsStart of year $29,342$14,849
X-16 Total assetsStart of year $2,711,440$2,771,600
X-18 Grants payableStart of year $76,722$36,898
X-26 Total liabilitiesStart of year $76,722$36,898
X-27 Net assets without donor restrictionsStart of year $2,584,718$2,623,657
X-28 Net assets with donor restrictionsStart of year $50,000$111,045
X-32 Total net assets or fund balancesStart of year $2,634,718$2,734,702
X-33 Total liabilities and net assetsStart of year $2,711,440$2,771,600
Part XI · Reconciliation of net assets $2,734,702 net assets at year end
XI-1 Total revenue$868,070
XI-2 Total expenses$767,743
XI-3 Revenue less expenses$100,327
XI-4 Net assets at start of year$2,634,718
XI-5 Net unrealized gains (losses) on investments−$343
XI-10 Net assets at end of year$2,734,702

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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