The Cove Ltd FY2020 filing

Tax-deductible

Shipshewana, IN501(c)(3)Since 2015Youth DevelopmentEIN 47-3665343Revenue $268K in FY2020

On file with the IRS705 N Morton St, 46565-0000 · Shipshewana, INTax-exempt since Oct 2015Publicly supported charity — 170(b)(1)(A)(vi)

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The primary purpose for The Cove, Ltd. is to provide a positive, enriching environment in a safe, supervised facility, reducing juvenile delinquency and preventing other negative youth activity that has a deteriorating impact on the community. Further, the facility shall encourage community involvement and collaboration.

501(c)(3) charity; gifts are tax-deductible.
50¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
5 of 6
filings with a surplus
Average surplus $107K a year · 19% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
50%
of spending
Worth a look: 50% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$297K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$268K
Spent
$281K
To programs
50%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$268K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$268K
FY2021$572K
FY2022$529K
FY2023$606K
FY2024$666K
FY2025$656K
Expenses
$281K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$281K
FY2021$351K
FY2022$433K
FY2023$476K
FY2024$545K
FY2025$568K
Net assets
$1.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.5M
FY2022$1.6M
FY2023$1.7M
FY2024$1.8M
FY2025$1.9M

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 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 Oct 2015.

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

Where the money goes

50 cents of each dollar spent went to programs.

Program services 50% · $141K Management & general 50% · $140K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
Vice-Chairman
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
See The Cove Ltd executive salaries →

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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 a safe, supervised place to reduce juvenile delinquency and prevent harmful youth activities.

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Provided by the organization

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1 program · $141K · in their own filed words · FY2020
01

Program services primarily consist of providing a venue for youth recreation and sports leagues. Additionally, sales of concession snacks are available to attendees.

$141Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$268K
Ln 12
Fees for servicesLn 2g$144K
Gifts and grantsLn 1h$64K
Other incomeLn 4–11$60K
Money outPt IX
$281K
Ln 25
Programscol B$141K
Managementcol C$140K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$12K
Total assetsLn 16$1.6M
LiabilitiesLn 26$297K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$64K
Noncash giftsLn 1g$400
Fees for servicesLn 2g$144K
Other incomeLn 4–11$60K
Total revenueLn 12$268K
Assets in detailPt X, end of year
CashLn 1$12K
Cash and savings togetherLn 1–2$12K
Land, buildings, equipmentLn 10c$1.5M
Total assetsLn 16$1.6M
LiabilitiesLn 26$297K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 55
VolunteersI 6300
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$8K$12K
Land, buildings, equipmentLn 10c$1.5M$1.5M
Total assetsLn 16$1.6M$1.6M
LiabilitiesLn 26$285K$297K
Net assetsLn 32$1.3M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$86K$86K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$7K$7K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$6K$6K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$2K$2K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$22K$22K
TravelLn 17$2K$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$17K$17K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$65K$65K
InsuranceLn 23$424$424
Other expenses (24a–d)Ln 24$26K$12K$15K
All other expensesLn 24e$44K$28K$16K
Total functional expensesLn 25$281K$141K$140K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $656K$568K$88K$1.9M 990 PDF
FY2024 $666K$545K$121K$1.8M 990 PDF
FY2023 $606K$476K$130K$1.7M 990 PDF
FY2022 $529K$433K$96K$1.6M 990 PDF
FY2021 $572K$351K$220K$1.5M 990 PDF
FY2020 Viewing $268K$281K−$13K$1.3M 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 FY2020 990 (6 parts)
Part I · Summary $268,216 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $128,267$64,378
I-9 Program service revenuePrior year $146,631$143,703
I-10 Investment income$0
I-11 Other revenuePrior year $89,110$60,135
I-12 Total revenuePrior year $364,008$268,216
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $84,435$92,455
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $131,101$188,487
I-18 Total expensesPrior year $215,536$280,942
I-19 Revenue less expensesPrior year $148,472−$12,726
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $268,216 across 6 lines filed
Lines not itemized here account for $60,135 of total revenue; see the IRS return.
VIII-1b Membership dues$180
VIII-1f All other contributions, gifts and grants$64,198
VIII-1g Noncash contributions (included above)$400
VIII-1h Total contributions, gifts and grants$64,378
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $143,703$143,703
VIII-12 Total revenueRelated to mission $203,838$268,216
Part IX · Statement of functional expenses $280,942 across 30 lines filed
IX-1 Grants to domestic organizations$0
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 current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $85,885$85,885
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $6,570$6,570
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $6,106$6,106
IX-12 Advertising and promotionPrograms $5,387$5,387
IX-13 Office expensesPrograms $1,783$1,783
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $21,598$21,598
IX-17 TravelPrograms $1,695$1,695
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $16,844$16,844
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $64,511$64,511
IX-23 InsuranceManagement $424$424
IX-24 Other expenses (24a–d)Programs $11,755 · Management $14,591$26,346
IX-24e All other expensesPrograms $28,214 · Management $15,579$43,793
IX-25 Total functional expensesPrograms $141,049 · Management $139,893 · Fundraising $0$280,942
Part X · Balance sheet $1,569,677 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $8,183$11,635
X-8 Inventories for sale or useStart of year $14,632$51,058
X-10c Land, buildings and equipment, netStart of year $1,547,635$1,506,984
X-16 Total assetsStart of year $1,570,450$1,569,677
X-17 Accounts payable and accrued expensesStart of year $1,177$5,352
X-25 Other liabilitiesStart of year $2,662$3,665
X-26 Total liabilitiesStart of year $284,714$296,667
X-32 Total net assets or fund balancesStart of year $1,285,736$1,273,010
X-33 Total liabilities and net assetsStart of year $1,570,450$1,569,677
Part XI · Reconciliation of net assets $1,273,010 net assets at year end
XI-1 Total revenue$268,216
XI-2 Total expenses$280,942
XI-3 Revenue less expenses−$12,726
XI-4 Net assets at start of year$1,285,736
XI-10 Net assets at end of year$1,273,010

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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