Coap Incorporated FY2022 filing

Tax-deductible

Harlan, KY501(c)(3)EIN 31-1095116

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The mission of the Organization is to provide sustainable, affordable, safe, energy efficient and dry housing to moderate, low and very low income families and individuals of Harlan, Bell and Leslie Counties of Kentucky.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
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
5 of 5
filings with a surplus
Average surplus $101K a year · 13% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $497K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$470K
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$707K
-6% vs prior year
Spent
$527K
To programs
88%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$707K
FY2022▼ -6%
Revenue by fiscal year
FY2020$569K
FY2021$750K
FY2022$707K
FY2023$638K
FY2024$1.3M
Expenses
$527K
FY2022▼ -27%
Expenses by fiscal year
FY2020$553K
FY2021$722K
FY2022$527K
FY2023$566K
FY2024$1.1M
Net assets
$1.2M
FY2022▲ +20%
Net assets by fiscal year
FY2020$975K
FY2021$1.0M
FY2022$1.2M
FY2023$1.3M
FY2024$380K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1984.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $462K Management & general 12% · $65K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice-Chairman
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Current Executive Director
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2021FY2020
Preston Jones$46,592——
Michael King—$46,154$40,384

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Builds safe, affordable, energy-efficient homes for low-income families in Kentucky.

Provided by the organization

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2 program services account for $925K of program spending, described in the organization's own filed words · FY2022.
01

Provide and rehabilitate homes for low and very low income families. Provide rental housing for low income families.

$462Kprogram expense
02

Provide and rehabilitate homes for low and very low income families. Provide rental housing for low income families.

$462Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$497K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$707K
Ln 12
Gifts and grantsLn 1h$476K
Other incomeLn 4–11$123K
Fees for servicesLn 2g$108K
Money outPt IX
$527K
Ln 25
Programscol B$462K
Managementcol C$65K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$156K
Total assetsLn 16$1.7M
LiabilitiesLn 26$470K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$476K
Government grantsLn 1e$404K
Fees for servicesLn 2g$108K
Other incomeLn 4–11$123K
Total revenueLn 12$707K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$156K
Total assetsLn 16$1.7M
LiabilitiesLn 26$470K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 57
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.3M$1.1M$209K$380K 990 PDF
FY2023 $638K$566K$72K$1.3M 990 PDF
FY2022 Viewing $707K$527K$180K$1.2M 990 PDF
FY2021 $750K$722K$28K$1.0M 990 PDF
FY2020 $569K$553K$16K$975K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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