The Covia Foundation
- Assets
- $10.0m
- Revenue
- $1.1m
- Investments
- $9.0m
- Employees
- 0
- Location
- Independence, OH
- Founding
- 01/2008
- Data as of
- 12/2023
- EIN
- 26-1428733
Organization Overview
The Covia Foundation is located in Independence, OH. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covia Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Covia Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 30.1% each year . All expenses for the organization totaled $1.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Covia Foundation has awarded 2,275 individual grants totaling $9,008,497. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Richardson President | 1 | $0 | |
Andrew Eich Treasurer | 1 | $0 | |
Kristin Lewis Secretary | 1 | $0 | |
William E Conway Director | 1 | $0 | |
Holly Martens Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $750,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $315,250 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,694 |
| Capital Gain Net Income | $3,694 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $509 |
| Total Revenue | $1,069,453 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,442 |
| Total operating and administrative expenses | $84,160 |
| Contributions, gifts, grants paid | $931,803 |
| Total expenses and disbursements | $1,015,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $924,837 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,467,043 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,964,889 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Covia Foundation has awarded $931,803 in support to 269 organizations.
| Grant Recipient | Amount |
|---|---|
A KID AGAIN INC PURPOSE: GENERAL OPERATING SUPPORT | $6,000 |
AA COMMUNITY PREGNANCY CENTER PURPOSE: GENERAL OPERATING SUPPORT | $1,300 |
AC ARF PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
ACHIEVEMENT CENTER FOR CHILDREN PURPOSE: GENERAL OPERATING SUPPORT | $3,000 |
ADA JENKINS FAMILIES AND CAREERS DEVELOPMENT CENTER INC PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
ALZHEIMER'S DISEASE AND RELATED DISORDERS ASSOCIATION INC PURPOSE: GENERAL OPERATING SUPPORT | $12,525 |