Covia Foundation

Walnut Creek, CAUnknown exempt organizationSince 2002 EIN 46-0502111Revenue $7.8M in FY2022Latest filing we have: 2021. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRScovia.orgWalnut Creek, CA

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Covia Foundation raises funds and supports the needs of Covia communities.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-0502111) · Dispute this line
87¢ of each $1 spent went to programs.
Run by 25 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
The latest return is for FY2022, 4 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $663K a year · 10% of revenue · last 2 filings
A surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
87%
of spending
87% of spending went to programs.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $95K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
15
of 15 voting members
15 of 15 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$7.8M
+44% vs prior year
Spent
$6.2M
To programs
87%
Net assets
$0
By yearFY2021–FY2022
Revenue
$7.8M
FY2022▲ +44%
Tap a bar for its year
Revenue by fiscal year
FY2021$5.4M
FY2022$7.8M
Expenses
$6.2M
FY2022▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2021$5.7M
FY2022$6.2M
Net assets
$0
FY2022▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2021$10.4M
FY2022$0

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

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2021.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $5.4M Management & general 13% · $834K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

24 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer, CFO
$0Pt VII · Sec A
$0Pt VII · Sec A
Sec./Chief Strgy & Adv Officer
$0Pt VII · Sec A
COO - End: Feb 2022
$0Pt VII · Sec A
Assistant Secretary
$0Pt VII · Sec A
VP of Life Plan Operations
$0Pt VII · Sec A
VP of Information Technology -
$0Pt VII · Sec A
See Covia Foundation executive salaries →

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

Raises funds and supports the needs of senior living communities.

Questions for Covia Foundation

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1 program · $5.4M · in their own filed words · FY2021
01

To establish and maintain funds to benefit and provide continuing financial support of the capital, community outreach, financial assistance, and other charitable purposes of covia communities.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-0502111) · Dispute this line
$5.4Mprogram 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 · FY2022
Total grants receivedfrom 1 funder$95K
Grants paid · 2 grants · $10.2M · 2020–2021
Covia CommunitiesCA · FY2021$5,391,170
Covia CommunitiesCA · FY2020$4,771,784

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$7.8M
Ln 12
Gifts and grantsLn 1h$7.7M
Investment incomeLn 3$105K
Money outPt IX
$6.2M
Ln 25
Programscol B$5.4M
Managementcol C$834K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
24
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.7M
Fundraising eventsLn 1c$180K
Investment incomeLn 3$105K
Gains on assetsLn 7$0
Total revenueLn 12$7.8M
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY21FY20FY19FY18
End of yearLn 1g$777K$674K$664K$664K
SpentLn 1d–1f$12K$24K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$5.3M$0
InvestmentsLn 11–13$8.8M$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$15.2M$0
LiabilitiesLn 26$4.9M$0
Net assetsLn 32$10.4M$0
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5.4M$5.4M
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$534K$534K
Pension plan contributionsLn 8$37K$37K
Other employee benefitsLn 9$63K$63K
Payroll taxesLn 10$35K$35K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$20K$20K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$43K$43K
Advertising and promotionLn 12$421$421
Office expensesLn 13$14K$14K
Information technologyLn 14$2K$2K
RoyaltiesLn 15$0
OccupancyLn 16$41K$41K
TravelLn 17$34K$34K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$8K$8K
Total functional expensesLn 25$6.2M$5.4M$834K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest ViewingFiled with the IRS Feb 15, 2023 $7.8M$6.2M$1.6M$0 990 PDF
FY2021Filed with the IRS Aug 13, 2021 $5.4M$5.7M−$241K$10.4M 990 PDF

Schedules filed Part IV

D · Assets and endowments I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $7,791,148 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,861,176$7,736,042
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $566,592$105,037
I-11 Other revenuePrior year $0−$49,931
I-12 Total revenuePrior year $5,427,768$7,791,148
I-13 Grants and similar amounts paidPrior year $4,771,784$5,391,170
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $645,133$669,612
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $251,670$164,021
I-18 Total expensesPrior year $5,668,587$6,224,803
I-19 Revenue less expensesPrior year −$240,819$1,566,345
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $7,791,148 across 10 lines filed
VIII-1c Fundraising events$179,725
VIII-1d Related organizations$3,809,411
VIII-1f All other contributions, gifts and grants$3,746,906
VIII-1h Total contributions, gifts and grants$7,736,042
VIII-3 Investment incomeExcluded from tax $105,037$105,037
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax −$49,931−$49,931
VIII-12 Total revenueExcluded from tax $55,106$7,791,148
Part IX · Statement of functional expenses $6,224,803 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $5,391,170$5,391,170
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $533,644$533,644
IX-8 Pension plan contributionsManagement $37,159$37,159
IX-9 Other employee benefitsManagement $63,402$63,402
IX-10 Payroll taxesManagement $35,407$35,407
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $19,950$19,950
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $42,810$42,810
IX-12 Advertising and promotionManagement $421$421
IX-13 Office expensesManagement $13,952$13,952
IX-14 Information technologyManagement $1,837$1,837
IX-15 Royalties$0
IX-16 OccupancyManagement $40,647$40,647
IX-17 TravelManagement $34,154$34,154
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $1,782$1,782
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $8,468$8,468
IX-25 Total functional expensesPrograms $5,391,170 · Management $833,633 · Fundraising $0$6,224,803
Part X · Balance sheet $0 assets, 30 lines filed
X-1 Cash, non-interest-bearingStart of year $2,233,745$0
X-2 Savings and temporary cash investmentsStart of year $3,038,959$0
X-3 Pledges and grants receivableStart of year $1,166,902$0
X-4 Accounts receivableStart of year $0$0
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $8,706$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $8,794,178$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $15,242,490$0
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $117,200$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $4,739,793$0
X-26 Total liabilitiesStart of year $4,856,993$0
X-27 Net assets without donor restrictionsStart of year $829,956$0
X-28 Net assets with donor restrictionsStart of year $9,555,541$0
X-32 Total net assets or fund balancesStart of year $10,385,497$0
X-33 Total liabilities and net assetsStart of year $15,242,490$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$7,791,148
XI-2 Total expenses$6,224,803
XI-3 Revenue less expenses$1,566,345
XI-4 Net assets at start of year$10,385,497
XI-5 Net unrealized gains (losses) on investments−$82,465
XI-9 Other changes in net assets−$11,869,377
XI-10 Net assets at end of year$0

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

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