Cove School INC FY2022 filing

Tax-deductible

Northbrook, IL501(c)(3)Since 1948EducationEIN 39-0930993Revenue $10.4M in FY2022

On file with the IRScoveschool.org350 Lee Rd, 60062-1521 · Northbrook, ILTax-exempt since Mar 1948School — 170(b)(1)(A)(ii)

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Provides individualized education for children with learning disabilities. See part III.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$1.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
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
4 of 5
filings with a surplus
Average surplus $705K a year · 6% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.7M
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.4M
-10% vs prior year
Spent
$10.3M
To programs
85%
Net assets
$10.1M
By yearFY2021–FY2025
Revenue
$10.4M
FY2022▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2021$11.5M
FY2022$10.4M
FY2023$12.7M
FY2024$14.1M
FY2025$13.2M
Expenses
$10.3M
FY2022▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2021$10.5M
FY2022$10.3M
FY2023$11.0M
FY2024$12.2M
FY2025$14.1M
Net assets
$10.1M
FY2022+0.2%
Tap a bar for its year
Net assets by fiscal year
FY2021$10.1M
FY2022$10.1M
FY2023$11.9M
FY2024$14.1M
FY2025$13.3M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

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

85 cents of each dollar spent went to programs.

Program services 85% · $8.8M Management & general 12% · $1.2M Fundraising 3% · $310K

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

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

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$258,297Pt VII · Sec A
Clinical Director
$156,710Pt VII · Sec A
Dir. of Finance & Admin
$150,021Pt VII · Sec A
Director of Admissions
$141,143Pt VII · Sec A
Dir. of Student Transition
$130,871Pt VII · Sec A
Speech Pathologist
$123,782Pt VII · Sec A
Building Manager
$115,719Pt VII · Sec A
Principal (elem/Jh)
$115,453Pt 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

NameFY2025FY2024FY2023FY2022FY2021
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 2Yes
  • 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 · $8.8M · in their own filed words · FY2021
01

Day and summer school training of learning-disabled children. There were approximately 160 (153.99 fte's) students during the school year (176 days) and 131 (113.5 fte's) students during summer school (30 day).

$8.8Mprogram 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
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 FY2022 990, line by line.

1The main four
Money inPt VIII
$10.4M
Ln 12
Fees for servicesLn 2g$9.4M
Gifts and grantsLn 1h$852K
Other incomeLn 4–11$82K
Money outPt IX
$10.3M
Ln 25
Programscol B$8.8M
Managementcol C$1.2M
Fundraisingcol D$310K
Owns and owesPt X
$10.1M
net assets · Ln 32
Cash and savingsLn 1–2$6.2M
Total assetsLn 16$12.8M
LiabilitiesLn 26$2.7M
PeoplePt VI, VII
27
listed · VII A
PaidVII A8
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$852K
Government grantsLn 1e$17K
Noncash giftsLn 1g$152K
Fundraising eventsLn 1c$477K
Fees for servicesLn 2g$9.4M
Investment incomeLn 3$8K
Other incomeLn 4–11$82K
Total revenueLn 12$10.4M
Assets in detailPt X, end of year
CashLn 1$1.4M
SavingsLn 2$4.8M
Cash and savings togetherLn 1–2$6.2M
InvestmentsLn 11–13$154K
Land, buildings, equipmentLn 10c$4.1M
Other assetsLn 15$16K
Total assetsLn 16$12.8M
LiabilitiesLn 26$2.7M
Net assetsLn 32$10.1M
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
LineStart FY22End FY22
Cash and savingsLn 1–2$7.3M$6.2M
InvestmentsLn 11–13$154K
Land, buildings, equipmentLn 10c$3.6M$4.1M
Total assetsLn 16$12.9M$12.8M
LiabilitiesLn 26$2.8M$2.7M
Net assetsLn 32$10.1M$10.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$86K$86K
Pay of current officers, directors and key staffLn 5$425K$262K$162K
Other salaries and wagesLn 7$6.3M$5.6M$475K$254K
Other employee benefitsLn 9$1.1M$975K$69K$26K
Payroll taxesLn 10$487K$424K$45K$18K
Legal feesLn 11b$18K$18K
Accounting feesLn 11c$51K$51K
Lobbying feesLn 11d$48K$48K
Other fees for servicesLn 11g$114K$60K$54K
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$89K$61K$22K$5K
OccupancyLn 16$427K$250K$174K$3K
TravelLn 17$1K$1K
InterestLn 20$25K$25K
Depreciation, depletion and amortizationLn 22$373K$299K$71K$4K
InsuranceLn 23$101K$101K
Other expenses (24a–d)Ln 24$675K$580K$95K
Total functional expensesLn 25$10.3M$8.8M$1.2M$310K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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 FY2022 990 (6 parts)
Part I · Summary $10,362,338 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,349,571$852,264
I-9 Program service revenuePrior year $9,060,516$9,420,320
I-10 Investment incomePrior year $5,184$8,189
I-11 Other revenuePrior year $43,553$81,565
I-12 Total revenuePrior year $11,458,824$10,362,338
I-13 Grants and similar amounts paidPrior year $74,045$85,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $8,568,381$8,327,533
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,874,873$1,932,891
I-18 Total expensesPrior year $10,517,299$10,345,924
I-19 Revenue less expensesPrior year $941,525$16,414
Part VI · Governance 19 of 19 board members independent, 2 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $10,362,338 across 10 lines filed
VIII-1c Fundraising events$476,645
VIII-1e Government grants$16,760
VIII-1f All other contributions, gifts and grants$358,859
VIII-1g Noncash contributions (included above)$152,306
VIII-1h Total contributions, gifts and grants$852,264
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,420,320$9,420,320
VIII-3 Investment incomeExcluded from tax $8,189$8,189
VIII-8 Net income from fundraising eventsExcluded from tax $43,187$43,187
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $38,378$38,378
VIII-12 Total revenueRelated to mission $9,420,320 · Unrelated business $0 · Excluded from tax $89,754$10,362,338
Part IX · Statement of functional expenses $10,345,924 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $85,500$85,500
IX-5 Pay of current officers, directors and key staffPrograms $262,391 · Management $162,449$424,840
IX-7 Other salaries and wagesPrograms $5,616,641 · Management $474,583 · Fundraising $254,028$6,345,252
IX-9 Other employee benefitsPrograms $975,162 · Management $69,328 · Fundraising $26,020$1,070,510
IX-10 Payroll taxesPrograms $423,923 · Management $44,732 · Fundraising $18,276$486,931
IX-11b Legal feesManagement $17,558$17,558
IX-11c Accounting feesManagement $51,406$51,406
IX-11d Lobbying feesPrograms $48,000$48,000
IX-11g Other fees for servicesPrograms $60,313 · Management $53,614$113,927
IX-12 Advertising and promotionPrograms $10,240$10,240
IX-13 Office expensesPrograms $61,180 · Management $22,356 · Fundraising $5,250$88,786
IX-16 OccupancyPrograms $249,895 · Management $173,717 · Fundraising $3,071$426,683
IX-17 TravelManagement $1,312$1,312
IX-20 InterestPrograms $25,013$25,013
IX-22 Depreciation, depletion and amortizationPrograms $298,638 · Management $70,927 · Fundraising $3,733$373,298
IX-23 InsurancePrograms $101,315$101,315
IX-24 Other expenses (24a–d)Programs $580,433 · Management $94,920$675,353
IX-25 Total functional expensesPrograms $8,798,644 · Management $1,236,902 · Fundraising $310,378$10,345,924
Part X · Balance sheet $12,796,735 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $4,526,154$1,353,086
X-2 Savings and temporary cash investmentsStart of year $2,728,761$4,834,071
X-3 Pledges and grants receivableStart of year $897,070$691,727
X-4 Accounts receivableStart of year $848,557$1,400,925
X-9 Prepaid expenses and deferred chargesStart of year $284,347$256,378
X-10c Land, buildings and equipment, netStart of year $3,621,261$4,089,924
X-11 Publicly traded securities$154,379
X-15 Other assetsStart of year $0$16,245
X-16 Total assetsStart of year $12,906,150$12,796,735
X-17 Accounts payable and accrued expensesStart of year $879,738$838,758
X-19 Deferred revenueStart of year $3,800$8,450
X-25 Other liabilitiesStart of year $133,090$88,192
X-26 Total liabilitiesStart of year $2,797,728$2,671,899
X-27 Net assets without donor restrictionsStart of year $8,362,293$8,494,466
X-28 Net assets with donor restrictionsStart of year $1,746,129$1,630,370
X-32 Total net assets or fund balancesStart of year $10,108,422$10,124,836
X-33 Total liabilities and net assetsStart of year $12,906,150$12,796,735
Part XI · Reconciliation of net assets $10,124,836 net assets at year end
XI-1 Total revenue$10,362,338
XI-2 Total expenses$10,345,924
XI-3 Revenue less expenses$16,414
XI-4 Net assets at start of year$10,108,422
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,124,836

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

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