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Coovert Foundation EIN 43-1300565

Coovert Foundation FY2022 filing

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A private foundation based in Saint Louis, MO. It reported about $125K in revenue for 2021. For fiscal year 2022 it reported $125K in revenue, $84K in expenses, and $1.2M in net assets.Pt I

Type
Private foundation / grantmaker · Nonprofit
Location
Saint Louis, MO
Filings
4 on file (2022–2022)
Revenue
$125KFY2022
Expenses
$84K
Net assets
$1.2M
People
0
Filings
4
Updates
0
More identity details & actions ⌄
EIN  43-1300565 Private foundation / grantmaker Saint Louis, MO
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
A private foundation based in Saint Louis, MO. It reported about $125K in revenue for 2021.
Money in and out
$125K revenue, $84K expenses
Bottom line
—
Grants paid & assets · FY2022
Total revenue
$125K
Pt VIII · Ln 12
Total expenses
$84K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $41K
Total assets
1.2M
deployed as grants and operations
Grants paid
70K
in FY2022
Grants made
7grants
total in period
Payout rate
6%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 7 grants · $98K · 2024–2024
Isabelle Coovert Memorial Donor Advised FundFY2024$52,398
The Lindell ClubFY2024$20,000
USOFY2024$10,000
University of MiamiFL · FY2024$8,432
Saint Louis University High SchoolFY2024$5,000
Enough Is EnoughFY2024$1,000
House of Purpose and EmpowermentFY2024$1,000

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV1
Average grantPart XV$14K
Median grantPart XV$8K
Largest grantPart XV$52K
Top cause focusNTEEColleges & Universities (14%)

Summary of the Filing

Part I · fiscal year 2022 · Form 990-PF
Revenue
$125K
FY2022
Expenses
$84K
FY2022
Total assets
$1.2M
FY2022
Total liabilities
$0
FY2022
Total revenue
$125K
Pt VIII · Ln 12
Total expenses
$84K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Total assetsPt II$1.2M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCoovert Foundation
EINHdr · item D43-1300565
Principal addressHdr · item CSaint Louis, MO
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFAug 1985

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Coovert Foundation executive salaries →

Statement of Revenue

Part VIII
Investment income100%$125K
Total revenueLn 12$125K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.83 Operating & administrative $0.17
Grants & contributions paid83%$70K
Operating & administrative17%$14K
Total functional expensesLn 25$84K

Balance Sheet

Part X · end of year
CashLn 1$42K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.2M
Months of cash on handcomputed6.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $1.2M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $125K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $125K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $125K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $125K · Expenses $84K
+33%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
—
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $84K
No individual compensation reported on this filing
Personnel share
not reported

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$175K revenue · ⤓ 990 PDF
FY2024$54K revenue · ⤓ 990 PDF
FY2023$53K revenue · ⤓ 990 PDF
FY2022$125K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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