Covation Center INC

Tax-deductible

Williamsport, PA501(c)(3)EmploymentEIN 81-1771632Revenue $455K in FY2024

On file with the IRScovationcenter.org217 W 4th St, 17701-6101 · Williamsport, PATax-exempt since Jan 2017Publicly supported — 509(a)(2)

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To energize rural pennsylvania, enabling all citizens to innovate, create, and manufacture, building a lasting economy

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Run by 5 volunteers and 9 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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 $23K a year · 4% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$160K
to officers and key staff · 42% of spending
Top officer’s pay higher than 83% of similar orgs
Concern: pay to officers and key staff is 42% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10K
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$455K
-66% vs prior year
Spent
$382K
To programs
97%
Net assets
$24K
By yearFY2020–FY2024
Revenue
$455K
FY2024▼ -66%
Tap a bar for its year
Revenue by fiscal year
FY2020$472K
FY2022$348K
FY2023$1.3M
FY2024$455K
Expenses
$382K
FY2024▼ -72%
Tap a bar for its year
Expenses by fiscal year
FY2020$427K
FY2022$310K
FY2023$1.4M
FY2024$382K
Net assets
$24K
FY2024▲ +148%
Tap a bar for its year
Net assets by fiscal year
FY2020$59K
FY2022$14K
FY2023−$50K
FY2024$24K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2017.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $372K Management & general 3% · $10K

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

6 people listed on the 990; $160K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$102,675Pt VII · Sec A
$57,095Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Stephan Brady’s $103K as Executive Di is at the 83rd percentile of top reported officer pay among 1216 $100K–1M employment 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022
Stephan Brady$102,675$126,225$95,175
Stephanie Desaulniers$57,095——

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.

See Covation Center INC 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

Empowers rural Pennsylvania communities by providing workshops, events, and resources that help small businesses, innovators, and makers build a thriving local economy.

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Provided by the organization

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3 programs · $361K · in their own filed words · FY2024
01

Contracted services for gov't agencies (engage project & diap bre dod survey project)

$293Kprogram expense
02

Provide shared work space for individuals and business

$69Kprogram expense
03

Misc events, workshops to support the small business community

Pt IX · col B

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
Eqt FoundationFY2024$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 40 grants · $954K · 2023–2023
Showers Construction LLCFY2023$25,275
Daniel E Ulmer FarmFY2023$25,000
The Potting Bench LLCFY2023$25,000
Individual RecipientFY2023$25,000
Individual RecipientFY2023$25,000
Nippenose TavernFY2023$25,000
Samuel R Rockey Dmd PCFY2023$25,000
Eagle Valley Family DentistryFY2023$25,000
The Plant Based & Juice Bar LLCFY2023$25,000
Skeleton Key LLCFY2023$25,000
T & T LoggingFY2023$25,000
Keystone CounselingFY2023$25,000
Susquehanna Air Innovation LLCFY2023$25,000
Chef Hosch & Ann CateringFY2023$25,000
Im EnterprisesFY2023$25,000
Richard H Stahl and Sons INCFY2023$25,000
Serendipity X2 LLCFY2023$25,000
The Cakeshop by TatiFY2023$25,000
See all 40 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$455K
Ln 12
Fees for servicesLn 2g$386K
Gifts and grantsLn 1h$69K
Investment incomeLn 3$2
Money outPt IX
$382K
Ln 25
Programscol B$372K
Managementcol C$10K
Owns and owesPt X
$24K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$34K
LiabilitiesLn 26$10K
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$69K
Noncash giftsLn 1g$25K
Fees for servicesLn 2g$386K
Investment incomeLn 3$2
Total revenueLn 12$455K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Land, buildings, equipmentLn 10c$31K
Total assetsLn 16$34K
LiabilitiesLn 26$10K
Net assetsLn 32$24K
OperationsPt I, VI
EmployeesI 59
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$9K$3K
Land, buildings, equipmentLn 10c$12K$31K
Total assetsLn 16$21K$34K
LiabilitiesLn 26$71K$10K
Net assetsLn 32−$50K$24K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$257K$257K
Payroll taxesLn 10$25K$25K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$20K$20K$142
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$7K$5K$2K
OccupancyLn 16$41K$40K$639
Conferences, conventions and meetingsLn 19$5K$5K
InterestLn 20$586$586
Depreciation, depletion and amortizationLn 22$5K$5K$56
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$9K$9K$762
Total functional expensesLn 25$382K$372K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $455K$382K$73K$24K 990 PDF
FY2023 $1.3M$1.4M−$64K−$50K 990 PDF
FY2022 $348K$310K$39K$14K 990 PDF
FY2021 Not on file
FY2020 $472K$427K$44K$59K 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 FY2024 990 (6 parts)
Part I · Summary $454,561 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,046,071$69,045
I-9 Program service revenuePrior year $278,281$385,514
I-10 Investment incomePrior year $20$2
I-11 Other revenue$0
I-12 Total revenuePrior year $1,324,372$454,561
I-13 Grants and similar amounts paidPrior year $953,722$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $293,167$282,395
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $141,760$99,546
I-18 Total expensesPrior year $1,388,649$381,941
I-19 Revenue less expensesPrior year −$64,277$72,620
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $454,561 across 6 lines filed
VIII-1f All other contributions, gifts and grants$69,045
VIII-1g Noncash contributions (included above)$25,000
VIII-1h Total contributions, gifts and grants$69,045
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $385,514$385,514
VIII-3 Investment incomeRelated to mission $2$2
VIII-12 Total revenueRelated to mission $385,516$454,561
Part IX · Statement of functional expenses $381,941 across 12 lines filed
IX-7 Other salaries and wagesPrograms $257,357$257,357
IX-10 Payroll taxesPrograms $25,038$25,038
IX-11c Accounting feesManagement $5,593$5,593
IX-11g Other fees for servicesPrograms $20,101 · Management $142$20,243
IX-12 Advertising and promotionPrograms $4,112$4,112
IX-13 Office expensesPrograms $5,040 · Management $1,800$6,840
IX-16 OccupancyPrograms $40,488 · Management $639$41,127
IX-19 Conferences, conventions and meetingsPrograms $5,142$5,142
IX-20 InterestPrograms $586$586
IX-22 Depreciation, depletion and amortizationPrograms $5,289 · Management $56$5,345
IX-23 InsuranceManagement $1,228$1,228
IX-24 Other expenses (24a–d)Programs $8,568 · Management $762$9,330
IX-25 Total functional expensesPrograms $371,721 · Management $10,220 · Fundraising $0$381,941
Part X · Balance sheet $34,296 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $9,124$2,831
X-10c Land, buildings and equipment, netStart of year $11,810$31,465
X-16 Total assetsStart of year $21,016$34,296
X-25 Other liabilitiesStart of year $70,851$10,359
X-26 Total liabilitiesStart of year $70,851$10,359
X-27 Net assets without donor restrictionsStart of year −$49,835$23,937
X-32 Total net assets or fund balancesStart of year −$49,835$23,937
X-33 Total liabilities and net assetsStart of year $21,016$34,296
Part XI · Reconciliation of net assets $23,937 net assets at year end
XI-1 Total revenue$454,561
XI-2 Total expenses$381,941
XI-3 Revenue less expenses$72,620
XI-4 Net assets at start of year−$49,835
XI-8 Prior period adjustments$1,152
XI-10 Net assets at end of year$23,937

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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