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Covesa

Not tax-deductible

San Ramon, CA501(c)(6)Community Development EIN 26-3457544Revenue $1.8M in FY2024

On file with the IRSgenivi.org2603 Camino Ramon Ste 200, 94583-9137 · San Ramon, CATax-exempt since Nov 2009

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Covesa is an open, collaborative and impactful technology alliance; accelerating the full potential of connected vehicles.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 250 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $111K a year · 9% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$383K
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
+34% vs prior year
Spent
$1.4M
Net assets
$347K
By yearFY2020–FY2024
Revenue
$1.8M
FY2024▲ +34%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$929K
FY2022$1.3M
FY2023$1.4M
FY2024$1.8M
Expenses
$1.4M
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$934K
FY2022$1.2M
FY2023$1.3M
FY2024$1.4M
Net assets
$347K
FY2024▲ +205%
Tap a bar for its year
Net assets by fiscal year
FY2020−$52K
FY2021$13K
FY2022$73K
FY2023$114K
FY2024$347K

From the FY2024 Form 990 · 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: FY2024. IRS ruling in Nov 2009.

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

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Gerald Spreitz
VP/Board Member
$0Pt VII · Sec A
Dan Nicholson
Board Member
$0Pt VII · Sec A
Matt Jones
President/Board Member
$0Pt VII · Sec A
Graham Smethurst
Chairman/Board Member
$0Pt VII · Sec A
Thomas Bloor
Secretary/Board Member
$0Pt VII · Sec A
John Sergakis
Treasurer/Board Member
$0Pt VII · Sec A
Hisao Munakata
Board Member
$0Pt VII · Sec A
Christoph Ludewig
Board Member
$0Pt VII · Sec A
See Covesa 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

Accelerates connected vehicle potential through open, collaborative technology.

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Provided by the organization

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3 programs · in their own filed words · FY2024
01

Covesa continued two member-driven collaborative projects in the areas of android automotive and vehicle signal specification (VSS). These projects brought together approximately 35 members and 10 non-members to discuss and deliver standard approaches for automakers and their software suppliers.

Pt IX · col B
02

Covesa continued its semi-annual all member meetings in april and october of 2024. These events resulted in roughly 80 organizations and an average of 275 people in attendance at each. Both business-level and technical presentations were made from roughly 70 speakers.

Pt IX · col B
03

Covesa continued to actively align with other standards development and collaborative organizations including W3C, autosar, soaffe, jaspar, and eclipse SDV. The primary goal of this collaboration was to push adoption of the VSS open standard into other automotive organizations and consortia.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.8M
Ln 12
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$3K
Money outPt IX
$1.4M
Ln 25
Owns and owesPt X
$347K
net assets · Ln 32
Cash and savingsLn 1–2$581K
Total assetsLn 16$731K
LiabilitiesLn 26$383K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$3K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$581K
Cash and savings togetherLn 1–2$581K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$12K
Total assetsLn 16$731K
LiabilitiesLn 26$383K
Net assetsLn 32$347K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6250
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$192K$581K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$335K$731K
LiabilitiesLn 26$221K$383K
Net assetsLn 32$114K$347K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$164K
Legal feesLn 11b$8K
Accounting feesLn 11c$2K
Other fees for servicesLn 11g$788K
Office expensesLn 13$70
Information technologyLn 14$13K
TravelLn 17$27K
Conferences, conventions and meetingsLn 19$193K
Depreciation, depletion and amortizationLn 22$1K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$201K
Total functional expensesLn 25$1.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.8M$1.4M$408K$347K 990 PDF
FY2023 $1.4M$1.3M$41K$114K 990 PDF
FY2022 $1.3M$1.2M$60K$73K 990 PDF
FY2021 $929K$934K−$6K$13K 990 PDF
FY2020 $1.1M$1.1M$52K−$52K 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 FY2024 990 (6 parts)
Part I · Summary $1,808,223 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,350,999$1,805,281
I-10 Investment incomePrior year $117$2,942
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,351,116$1,808,223
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,310,303$1,400,240
I-18 Total expensesPrior year $1,310,303$1,400,240
I-19 Revenue less expensesPrior year $40,813$407,983
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,808,223 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,805,281$1,805,281
VIII-3 Investment incomeRelated to mission $2,942$2,942
VIII-12 Total revenueRelated to mission $1,808,223 · Unrelated business $0 · Excluded from tax $0$1,808,223
Part IX · Statement of functional expenses $1,400,240 across 11 lines filed
IX-11a Management fees$163,604
IX-11b Legal fees$8,218
IX-11c Accounting fees$2,321
IX-11g Other fees for services$787,622
IX-13 Office expenses$70
IX-14 Information technology$12,627
IX-17 Travel$26,858
IX-19 Conferences, conventions and meetings$192,816
IX-22 Depreciation, depletion and amortization$1,286
IX-23 Insurance$3,338
IX-24 Other expenses (24a–d)$201,480
IX-25 Total functional expenses$1,400,240
Part X · Balance sheet $730,519 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $192,121$580,670
X-4 Accounts receivableStart of year $50,020$67,000
X-9 Prepaid expenses and deferred chargesStart of year $62,887$71,275
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $0$11,574
X-16 Total assetsStart of year $335,028$730,519
X-17 Accounts payable and accrued expensesStart of year $67,849$39,125
X-19 Deferred revenueStart of year $153,333$344,000
X-26 Total liabilitiesStart of year $221,182$383,125
X-27 Net assets without donor restrictionsStart of year $113,846$334,725
X-28 Net assets with donor restrictions$12,669
X-32 Total net assets or fund balancesStart of year $113,846$347,394
X-33 Total liabilities and net assetsStart of year $335,028$730,519
Part XI · Reconciliation of net assets $347,394 net assets at year end
XI-1 Total revenue$1,808,223
XI-2 Total expenses$1,400,240
XI-3 Revenue less expenses$407,983
XI-4 Net assets at start of year$113,846
XI-8 Prior period adjustments−$174,435
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$347,394

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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