Covesville Child Development Center

Tax-deductible

Covesville, VA501(c)(3)Human ServicesEIN 31-1783906Revenue $165K in FY2023

On file with the IRSPo Box 123, 22931-0123 · Covesville, VATax-exempt since Dec 2001Publicly supported — 509(a)(2)

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Providing Child care

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $16K a year · 8% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $31
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 6 voting members
Looks good: 4 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$165K
-23% vs prior year
Spent
$233K
To programs
96%
Net assets
$23K
By yearFY2020–FY2023
Revenue
$165K
FY2023▼ -23%
Tap a bar for its year
Revenue by fiscal year
FY2020$158K
FY2021$208K
FY2022$214K
FY2023$165K
Expenses
$233K
FY2023▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$177K
FY2021$166K
FY2022$230K
FY2023$233K
Net assets
$23K
FY2023▼ -75%
Tap a bar for its year
Net assets by fiscal year
FY2020$67K
FY2021$108K
FY2022$92K
FY2023$23K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Dec 2001.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $225K Management & general 4% · $8K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A

Katherine M Cashatt’s $42K as Foundation M is at the 75th percentile of top reported officer pay among 202 <$100K human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Katherine M Cashatt$42,303$42,788$40,654

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

Covesville Child Development Center is a human services nonprofit based in Covesville, VA.

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Provided by the organization

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1 program · $225K · in their own filed words · FY2023
01

Providing child care facilities for children in the covesville area of virginia

$225Kprogram expense

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 · FY2023
Total grants receivedfrom 1 funder$31

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$165K
Ln 12
Fees for servicesLn 2g$165K
Investment incomeLn 3$22
Money outPt IX
$233K
Ln 25
Programscol B$225K
Managementcol C$8K
Owns and owesPt X
$23K
net assets · Ln 32
Cash and savingsLn 1–2$28K
Total assetsLn 16$28K
LiabilitiesLn 26$5K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$165K
Investment incomeLn 3$22
Total revenueLn 12$165K
Assets in detailPt X, end of year
CashLn 1$28K
Cash and savings togetherLn 1–2$28K
Total assetsLn 16$28K
LiabilitiesLn 26$5K
Net assetsLn 32$23K
OperationsPt I, VI
EmployeesI 56
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$98K$28K
Total assetsLn 16$98K$28K
LiabilitiesLn 26$6K$5K
Net assetsLn 32$92K$23K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$42K$34K$8K
Other salaries and wagesLn 7$116K$116K
Other employee benefitsLn 9$30K$30K
Payroll taxesLn 10$12K$12K
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$117$117
Information technologyLn 14$1K$1K
OccupancyLn 16$5K$5K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$16K$16K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$233K$225K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $165K$233K−$68K$23K 990 PDF
FY2022 $214K$230K−$16K$92K 990 PDF
FY2021 $208K$166K$41K$108K 990 PDF
FY2020 $158K$177K−$19K$67K 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
See the full FY2023 990 (6 parts)
Part I · Summary $164,691 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $47,800$0
I-9 Program service revenuePrior year $165,581$164,669
I-10 Investment incomePrior year $321$22
I-11 Other revenue$0
I-12 Total revenuePrior year $213,702$164,691
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $185,149$199,625
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $44,860$33,380
I-18 Total expensesPrior year $230,009$233,005
I-19 Revenue less expensesPrior year −$16,307−$68,314
Part VI · Governance 4 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
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-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $164,691 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $164,669$164,669
VIII-3 Investment incomeExcluded from tax $22$22
VIII-12 Total revenueRelated to mission $164,669 · Excluded from tax $22$164,691
Part IX · Statement of functional expenses $233,005 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $33,600 · Management $8,400$42,000
IX-7 Other salaries and wagesPrograms $115,514$115,514
IX-9 Other employee benefitsPrograms $30,332$30,332
IX-10 Payroll taxesPrograms $11,779$11,779
IX-11c Accounting feesPrograms $3,265$3,265
IX-12 Advertising and promotionPrograms $117$117
IX-14 Information technologyPrograms $1,417$1,417
IX-16 OccupancyPrograms $5,400$5,400
IX-23 InsurancePrograms $5,553$5,553
IX-24 Other expenses (24a–d)Programs $15,745$15,745
IX-24e All other expensesPrograms $1,883$1,883
IX-25 Total functional expensesPrograms $224,605 · Management $8,400 · Fundraising $0$233,005
Part X · Balance sheet $27,957 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $97,664$27,957
X-16 Total assetsStart of year $97,664$27,957
X-17 Accounts payable and accrued expensesStart of year $3,617$2,437
X-25 Other liabilitiesStart of year $2,505$2,292
X-26 Total liabilitiesStart of year $6,122$4,729
X-32 Total net assets or fund balancesStart of year $91,542$23,228
X-33 Total liabilities and net assetsStart of year $97,664$27,957
Part XI · Reconciliation of net assets $23,228 net assets at year end
XI-1 Total revenue$164,691
XI-2 Total expenses$233,005
XI-3 Revenue less expenses−$68,314
XI-4 Net assets at start of year$91,542
XI-10 Net assets at end of year$23,228

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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