Coventry Foundation INC FY2021 filing

Tax-deductible

Columbia, SC501(c)(3)Arts & CultureEIN 46-1516433

Scholarship endowment, tool loan program, provide technical information to Jaguar automobile enthusiasts, library to house books and literature related to Jaguar automobiles.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $123K a year · 70% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$378
0.07% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$156K
Spent
$44K
To programs
99%
Net assets
$577K
By yearFY2021–FY2024
Revenue
$156K
FY2021
Revenue by fiscal year
FY2021$156K
FY2022$99K
FY2023$411K
FY2024$40K
Expenses
$44K
FY2021
Expenses by fiscal year
FY2021$44K
FY2022$48K
FY2023$66K
FY2024$55K
Net assets
$577K
FY2021
Net assets by fiscal year
FY2021$577K
FY2022$628K
FY2023$973K
FY2024$959K

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CCoventry Foundation INC
EINHdr · item D46-1516433
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 2013
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CColumbia, SC
NTEE classificationIRS BMFArts & Culture (A80)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$43K
Management & general1%$630
Total functional expensesLn 25$44K

Financial health

Is it on solid ground?

Program efficiency
99%
of spending reaches programs
Surplus margin
+72%
revenue over expenses, this year
Donor-funded
85%
of revenue is gifts & grants

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$577K
FY2021
Total assets by fiscal year
FY2021$577K
FY2022$629K
FY2023$974K
FY2024$960K
Total liabilities
$378
FY2021
Total liabilities by fiscal year
FY2021$378
FY2022$939
FY2023$647
FY2024$2K
Revenue less expensesPt I · Ln 19$112K
Total assetsPt X · Ln 16$577K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$37K
Total assetsLn 16$577K
Total liabilitiesLn 26$378
Total net assetsLn 32$577K
Months of cash on handcomputed10.2

Statement of Revenue

Part VIII
Contributions & grants$133K · 85%
Other revenue$23K · 15%
Contributions & grants85%$133K
Other revenue15%$23K
Investment income$2
Total revenueLn 12$156K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $37K · Operating expenses (Pt IX) $44K · Less non-cash grants $105K · Cash operating expenses/yr −$61K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $43K · Total expenses $44K
99%
Management & General
Management & general $630 · Total expenses $44K
1%
Fundraising
Fundraising $0 · Total expenses $44K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $133K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $133K · Total revenue $156K
85%
Government reliance
Government grants $0 · Total revenue $156K
0%
Earned-income share
Program service revenue $0 · Total revenue $156K
0%
Investment reliance
Investment income $2 · Total revenue $156K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $44K
0%
Growth & trend
Revenue growth (YoY)
This year $156K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $577K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $156K · Expenses $44K
+72%
Liabilities-to-Assets
Total liabilities — · Total assets $577K
—
Net-asset ratio
Net assets $577K · Total assets $577K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $577K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Gary Kincel · Reported title Chairman · Highest reported compensation $0 · Total expenses $44K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $44K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%——
Overhead ratio 1%——
Fundraising cost ratio 0%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President and Secretary
$0Pt VII · Sec A
Legal Counsel
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Coventry Foundation INC executive salaries →

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Governance & Policies

Part VI
  • 7Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Supports Jaguar enthusiasts with scholarships, tool loans, technical info, and a specialized library.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $43K of program spending, described in the organization's own filed words · FY2021.
01

Statement of Program Service Accomplishments.

$43Kprogram expense

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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 · FY2024
Total grants receivedfrom 1 funder$25K
Grants paid · 1 grant · $14K · 2024–2024

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $40K$55K-90% 990 PDF
FY2023 $411K$66K+313% 990 PDF
FY2022 $99K$48K-36% 990 PDF
FY2021 Viewing $156K$44K 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

Full filing: Form 990 for FY2021

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $43,692 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $10,000$10,000
IX-12 Advertising and promotionPrograms $2,161 · Management $0 · Fundraising $0$2,161
IX-13 Office expensesPrograms $2,895 · Management $0 · Fundraising $0$2,895
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $20,184 · Management $0 · Fundraising $0$20,184
IX-23 InsurancePrograms $2,109 · Management $0 · Fundraising $0$2,109
IX-24e All other expensesPrograms $5,713 · Management $630 · Fundraising $0$6,343
IX-25 Total functional expensesPrograms $43,062 · Management $630 · Fundraising $0$43,692

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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