Cove School INC: Nonprofit Profile, Financials & Form 990 (EIN 39-0930993)

Revenue by fiscal year
FY2021	$11.5M
FY2022	$10.4M
FY2023	$12.7M
FY2024	$14.1M
FY2025	$13.2M

Expenses by fiscal year
FY2021	$10.5M
FY2022	$10.3M
FY2023	$11.0M
FY2024	$12.2M
FY2025	$14.1M

Net assets by fiscal year
FY2021	$10.1M
FY2022	$10.1M
FY2023	$11.9M
FY2024	$14.1M
FY2025	$13.3M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1948.

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

Where the money goes

87 cents of each dollar spent went to programs.

87%

Program services 87% · $12.3M Management & general 9% · $1.3M Fundraising 4% · $548K

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

25 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Sally Sover

Executive Director

$296,496Pt VII · Sec A

Alexandra Argentar

Director of Advancement

$193,351Pt VII · Sec A

Stacy Post

Director of Finance/Admin

$175,415Pt VII · Sec A

Mark Ditthardt

Director of Admissions

$158,222Pt VII · Sec A

Regina Aniolowski

Principal (elem/Jh)

$142,733Pt VII · Sec A

Sue Turner

Speech Pathologist

$124,798Pt VII · Sec A

Yael Frankel

Human Relations & Resource Manager

$123,227Pt VII · Sec A

Debra Johnson

Trustee/Co-Chair-Comm on Trustees

$0Pt VII · Sec A

Sally Sover’s $296K as Executive Director is at the 64th percentile of top reported officer pay among 3683 $10–100M education 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 · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021
Sally Sover	$296,496	$286,296	$276,661	$258,297	$255,740
Alexandra Argentar	$193,351	$178,796	$173,170	—	—
Stacy Post	$175,415	$169,206	$164,595	$150,021	$146,856
Jan Morgan	—	—	$162,311	$156,710	$155,563
Mark Ditthardt	$158,222	$152,588	$146,034	$141,143	$140,550
Regina Aniolowski	$142,733	$132,080	$124,330	$115,453	—
Vivian Drexler	—	—	—	$130,871	$126,422
Sue Turner	$124,798	$122,980	$126,673	$123,782	$119,633

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

Offers personalized education for children with learning disabilities.

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Provided by the organization

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1 program · $12.3M · in their own filed words · FY2024

01

Day and summer school teaching of learning-disabled children. There were approximately 164 (164.22 fte's) students at the cove school and 24 (24 fte's) at the career center during the school year (176 days) and 110 (97.5 fte's) students during summer school at the cove school (25 day).

$12.3Mprogram 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

Quinn Emanuel FoundationFY2025$20K

Total grants receivedfrom 1 funder$20K

Grants paid · 3 grants · $244K · 2020–2024

Unitemized GrantFY2024$84,045

Unitemized GrantFY2021$85,500

Unitemized GrantFY2020$74,045

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$13.2M

Ln 12

Fees for servicesLn 2g$11.6M

Gifts and grantsLn 1h$1.5M

Investment incomeLn 3$118K

Money outPt IX

$14.1M

Ln 25

Programscol B$12.3M

Managementcol C$1.3M

Fundraisingcol D$548K

Owns and owesPt X

$13.3M

net assets · Ln 32

Cash and savingsLn 1–2$9.2M

Total assetsLn 16$16.3M

LiabilitiesLn 26$3.0M

PeoplePt VI, VII

25

listed · VII A

PaidVII A7

Voting boardVI 1a18

IndependentVI 1b18

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.5M

Government grantsLn 1e$25K

Noncash giftsLn 1g$36K

Fundraising eventsLn 1c$559K

Fees for servicesLn 2g$11.6M

Investment incomeLn 3$118K

Total revenueLn 12$13.2M

Assets in detailPt X, end of year

CashLn 1$1.8M

SavingsLn 2$7.3M

Cash and savings togetherLn 1–2$9.2M

Land, buildings, equipmentLn 10c$3.5M

Other assetsLn 15$463K

Total assetsLn 16$16.3M

LiabilitiesLn 26$3.0M

Net assetsLn 32$13.3M

OperationsPt I, VI

EmployeesI 5159

VolunteersI 6171

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$9.5M	$9.2M
Land, buildings, equipmentLn 10c	$3.6M	$3.5M
Total assetsLn 16	$17.2M	$16.3M
LiabilitiesLn 26	$3.1M	$3.0M
Net assetsLn 32	$14.1M	$13.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$84K	$84K
Pay of current officers, directors and key staffLn 5	$562K	$514K	$48K
Other salaries and wagesLn 7	$8.7M	$7.5M	$784K	$385K
Pension plan contributionsLn 8	$76K	$76K
Other employee benefitsLn 9	$1.3M	$1.1M	$86K	$56K
Payroll taxesLn 10	$661K	$575K	$59K	$27K
Legal feesLn 11b	$11K		$11K
Accounting feesLn 11c	$60K		$60K
Lobbying feesLn 11d	$60K		$60K
Other fees for servicesLn 11g	$159K	$146K	$13K
Advertising and promotionLn 12	$20K	$20K
Office expensesLn 13	$145K	$115K	$28K	$2K
OccupancyLn 16	$585K	$439K	$94K	$52K
TravelLn 17	$9K		$9K
InterestLn 20	$127K	$127K
Depreciation, depletion and amortizationLn 22	$544K	$435K	$87K	$22K
InsuranceLn 23	$168K	$168K
Other expenses (24a–d)Ln 24	$899K	$921K	−$22K
All other expensesLn 24e	$17K	$12K		$5K
Total functional expensesLn 25	$14.1M	$12.3M	$1.3M	$548K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$13.2M	$14.1M	−$988K	$13.3M	990 PDF
FY2024	$14.1M	$12.2M	$1.9M	$14.1M	990 PDF
FY2023	$12.7M	$11.0M	$1.7M	$11.9M	990 PDF
FY2022	$10.4M	$10.3M	$16K	$10.1M	990 PDF
FY2021	$11.5M	$10.5M	$942K	$10.1M	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 FY2025 990 (6 parts)

Part I · Summary $13,161,245 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,987,620$1,464,302

I-9 Program service revenuePrior year $12,283,204$11,587,454

I-10 Investment incomePrior year $38,775$118,092

I-11 Other revenuePrior year −$218,185−$8,603

I-12 Total revenuePrior year $14,091,414$13,161,245

I-13 Grants and similar amounts paidPrior year $85,750$84,045

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $9,581,663$11,259,688

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $2,546,652$2,805,393

I-18 Total expensesPrior year $12,214,065$14,149,126

I-19 Revenue less expensesPrior year $1,877,349−$987,881

Part VI · Governance 18 of 18 board members independent, 1 to look at

VI-1a Voting members of the governing body18

VI-1b Independent voting members18

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 $13,161,245 across 9 lines filed

Lines not itemized here account for $19,565 of total revenue; see the IRS return.

VIII-1c Fundraising events$559,073

VIII-1e Government grants$25,158

VIII-1f All other contributions, gifts and grants$880,071

VIII-1g Noncash contributions (included above)$36,001

VIII-1h Total contributions, gifts and grants$1,464,302

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,587,454$11,587,454

VIII-3 Investment incomeExcluded from tax $118,092$118,092

VIII-8 Net income from fundraising eventsExcluded from tax −$28,168−$28,168

VIII-12 Total revenueRelated to mission $11,587,454 · Unrelated business $0 · Excluded from tax $109,489$13,161,245

Part IX · Statement of functional expenses $14,149,126 across 19 lines filed

IX-2 Grants to domestic individualsPrograms $84,045$84,045

IX-5 Pay of current officers, directors and key staffPrograms $514,382 · Management $47,797$562,179

IX-7 Other salaries and wagesPrograms $7,523,907 · Management $783,626 · Fundraising $384,556$8,692,089

IX-8 Pension plan contributionsPrograms $76,296$76,296

IX-9 Other employee benefitsPrograms $1,125,297 · Management $86,015 · Fundraising $56,446$1,267,758

IX-10 Payroll taxesPrograms $575,332 · Management $59,490 · Fundraising $26,544$661,366

IX-11b Legal feesManagement $10,595$10,595

IX-11c Accounting feesManagement $59,860$59,860

IX-11d Lobbying feesManagement $60,307$60,307

IX-11g Other fees for servicesPrograms $146,127 · Management $13,117$159,244

IX-12 Advertising and promotionPrograms $20,117$20,117

IX-13 Office expensesPrograms $114,848 · Management $28,330 · Fundraising $2,080$145,258

IX-16 OccupancyPrograms $439,258 · Management $93,969 · Fundraising $51,738$584,965

IX-17 TravelManagement $9,325$9,325

IX-20 InterestPrograms $127,313$127,313

IX-22 Depreciation, depletion and amortizationPrograms $435,349 · Management $87,069 · Fundraising $21,767$544,185

IX-23 InsurancePrograms $167,708$167,708

IX-24 Other expenses (24a–d)Programs $920,987 · Management −$21,713$899,274

IX-24e All other expensesPrograms $12,381 · Fundraising $4,861$17,242

IX-25 Total functional expensesPrograms $12,283,347 · Management $1,317,787 · Fundraising $547,992$14,149,126

Part X · Balance sheet $16,331,715 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $2,979,982$1,835,248

X-2 Savings and temporary cash investmentsStart of year $6,526,161$7,346,156

X-3 Pledges and grants receivableStart of year $1,794,133$1,680,491

X-4 Accounts receivableStart of year $1,307,479$1,109,879

X-9 Prepaid expenses and deferred chargesStart of year $420,869$385,270

X-10c Land, buildings and equipment, netStart of year $3,571,198$3,511,566

X-15 Other assetsStart of year $587,570$463,105

X-16 Total assetsStart of year $17,187,392$16,331,715

X-17 Accounts payable and accrued expensesStart of year $857,560$938,715

X-19 Deferred revenueStart of year $4,463$3,328

X-25 Other liabilitiesStart of year $599,656$469,379

X-26 Total liabilitiesStart of year $3,105,578$3,003,121

X-27 Net assets without donor restrictionsStart of year $10,324,319$8,884,093

X-28 Net assets with donor restrictionsStart of year $3,757,495$4,444,501

X-32 Total net assets or fund balancesStart of year $14,081,814$13,328,594

X-33 Total liabilities and net assetsStart of year $17,187,392$16,331,715

Part XI · Reconciliation of net assets $13,328,594 net assets at year end

XI-1 Total revenue$13,161,245

XI-2 Total expenses$14,149,126

XI-3 Revenue less expenses−$987,881

XI-4 Net assets at start of year$14,081,814

XI-5 Net unrealized gains (losses) on investments$234,661

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$13,328,594

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

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