Covia Group: FY2021 Nonprofit Profile & Form 990 (EIN 94-1591805)

Revenue by fiscal year
FY2021	$1.3M
FY2022	$121K

Expenses by fiscal year
FY2021	$1.7M
FY2022	$297K

Net assets by fiscal year
FY2021	$17.5M
FY2022	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

49 cents of each dollar spent went to programs.

49%

51%

Program services 49% · $822K Management & general 51% · $843K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Skaggs Sanford

Chairman

$0Pt VII · Sec A

Handy Joanne

Director

$0Pt VII · Sec A

Yin Diane

Director

$0Pt VII · Sec A

Edmondson Robert

Director

$0Pt VII · Sec A

Roderick Sue

Director

$0Pt VII · Sec A

Serina Gustavo

Director

$0Pt VII · Sec A

Gerber Kevin

President, CEO

$0Pt VII · Sec A

Jamison Diana

Treasurer, CFO

$0Pt VII · Sec A

See Covia Group 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

Identifies, funds, and develops growth opportunities to support affiliate missions.

Provided by the organization

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1 program · $822K · in their own filed words · FY2020

01

On behalf of its subsidiary supported organizations, covia group explored one continuing and one new expansion opportunity related to the continuing care retirement community mission; one new expansion opportunity related to the affordable housing mission; and one new expansion opportunity related to the home and community based services…

$822Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.3M

Ln 12

Investment incomeLn 3$1.1M

Fees for servicesLn 2g$230K

Money outPt IX

$1.7M

Ln 25

Programscol B$822K

Managementcol C$843K

Owns and owesPt X

$17.5M

net assets · Ln 32

Cash and savingsLn 1–2$827K

Total assetsLn 16$17.6M

LiabilitiesLn 26$109K

PeoplePt VI, VII

13

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$230K

Investment incomeLn 3$1.1M

Gains on assetsLn 7$803K

Total revenueLn 12$1.3M

Assets in detailPt X, end of year

SavingsLn 2$827K

Cash and savings togetherLn 1–2$827K

InvestmentsLn 11–13$15.3M

Other assetsLn 15$1.4M

Total assetsLn 16$17.6M

LiabilitiesLn 26$109K

Net assetsLn 32$17.5M

OperationsPt I, VI

EmployeesI 50

VolunteersI 612

Fiscal year endsHeaderMarch

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$1.3M	$827K
InvestmentsLn 11–13	$12.2M	$15.3M
Total assetsLn 16	$14.6M	$17.6M
LiabilitiesLn 26	$325K	$109K
Net assetsLn 32	$14.3M	$17.5M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$415K	$415K
Pension plan contributionsLn 8	$50K	$50K
Other employee benefitsLn 9	$101K	$101K
Payroll taxesLn 10	$17K	$17K
Legal feesLn 11b	$729K		$729K
Accounting feesLn 11c	$52K		$52K
Investment management feesLn 11f	$61K		$61K
Other fees for servicesLn 11g	$162K	$162K
Office expensesLn 13	$1K	$1K
InsuranceLn 23	$14K	$14K
Other expenses (24a–d)Ln 24	$4K	$4K
All other expensesLn 24e	$58K	$58K
Total functional expensesLn 25	$1.7M	$822K	$843K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 Latest	$121K	$297K	−$177K	$0	990 PDF
FY2021 Viewing	$1.3M	$1.7M	−$336K	$17.5M	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 FY2021 990 (6 parts)

Part I · Summary $1,329,131 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $390,006$230,082

I-10 Investment incomePrior year $381,762$1,099,049

I-11 Other revenuePrior year $9,852$0

I-12 Total revenuePrior year $781,620$1,329,131

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $579,434$582,513

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $397,976$1,082,803

I-18 Total expensesPrior year $977,410$1,665,316

I-19 Revenue less expensesPrior year −$195,790−$336,185

Part VI · Governance 6 of 6 board members independent, 1 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members6

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 $1,329,131 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $230,082$230,082

VIII-3 Investment incomeExcluded from tax $295,991$295,991

VIII-7 Net gain or loss on sales of assetsExcluded from tax $803,058$803,058

VIII-12 Total revenueRelated to mission $230,082 · Unrelated business $0 · Excluded from tax $1,099,049$1,329,131

Part IX · Statement of functional expenses $1,665,316 across 12 lines filed

IX-7 Other salaries and wagesPrograms $414,760$414,760

IX-8 Pension plan contributionsPrograms $50,074$50,074

IX-9 Other employee benefitsPrograms $100,535$100,535

IX-10 Payroll taxesPrograms $17,144$17,144

IX-11b Legal feesManagement $729,225$729,225

IX-11c Accounting feesManagement $52,300$52,300

IX-11f Investment management feesManagement $61,495$61,495

IX-11g Other fees for servicesPrograms $161,790$161,790

IX-13 Office expensesPrograms $1,265$1,265

IX-23 InsurancePrograms $14,201$14,201

IX-24 Other expenses (24a–d)Programs $4,058$4,058

IX-24e All other expensesPrograms $58,469$58,469

IX-25 Total functional expensesPrograms $822,296 · Management $843,020 · Fundraising $0$1,665,316

Part X · Balance sheet $17,576,923 assets, 11 lines filed

X-2 Savings and temporary cash investmentsStart of year $1,284,449$826,539

X-4 Accounts receivableStart of year $311,569$50,988

X-11 Publicly traded securitiesStart of year $12,221,151$15,256,020

X-15 Other assetsStart of year $794,447$1,443,376

X-16 Total assetsStart of year $14,611,616$17,576,923

X-17 Accounts payable and accrued expensesStart of year $144,971$105,900

X-25 Other liabilitiesStart of year $180,378$3,304

X-26 Total liabilitiesStart of year $325,349$109,204

X-27 Net assets without donor restrictionsStart of year $14,286,267$17,467,719

X-32 Total net assets or fund balancesStart of year $14,286,267$17,467,719

X-33 Total liabilities and net assetsStart of year $14,611,616$17,576,923

Part XI · Reconciliation of net assets $17,467,719 net assets at year end

XI-1 Total revenue$1,329,131

XI-2 Total expenses$1,665,316

XI-3 Revenue less expenses−$336,185

XI-4 Net assets at start of year$14,286,267

XI-5 Net unrealized gains (losses) on investments$3,517,637

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$17,467,719

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Covia Group FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

By the numbers

Filing history

Schedules filed Part IV