Cove School Inc
- Assets
- $12.8m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 154
- Location
- Northbrook, IL
- Founding
- 03/1948
- Data as of
- 06/2022
- EIN
- 39-0930993
Organization Overview
Cove School Inc is located in Northbrook, IL. The organization was established in 1948. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Cove School Inc employed 154 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cove School Inc 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 06/2022, Cove School Inc generated $10.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $10.3m during the year ending 06/2022. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES INDIVIDUALIZED EDUCATION FOR CHILDREN WITH LEARNING DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAY AND SUMMER SCHOOL TRAINING OF LEARNING-DISABLED CHILDREN. THERE WERE APPROXIMATELY 160 (153.99 FTE'S) STUDENTS DURING THE SCHOOL YEAR (176 DAYS) AND 131 (113.5 FTE'S) STUDENTS DURING SUMMER SCHOOL (30 DAY).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Sover Executive Director | Officer | 40 | $258,297 |
Jan Morgan Clinical Director | Officer | 40 | $156,710 |
Stacy Post Dir. Of Finance & Admin | Officer | 40 | $150,021 |
Mark Ditthardt Director Of Admissions | 40 | $141,143 | |
Vivian Drexler Dir. Of Student Transition | 40 | $130,871 | |
Sue Turner Speech Pathologist | 40 | $123,782 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $476,645 |
| Related organizations | $0 |
| Government grants | $16,760 |
| All other contributions, gifts, grants, and similar amounts not included above | $358,859 |
| Noncash contributions included in lines 1a–1f | $152,306 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $852,264 |
| Total Program Service Revenue | $9,420,320 |
| Investment income | $8,189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $43,187 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,362,338 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $85,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $424,840 |
| Compensation of current officers, directors, key employees. | $162,449 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,345,252 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,070,510 |
| Payroll taxes | $486,931 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,558 |
| Fees for services: Accounting | $51,406 |
| Fees for services: Lobbying | $48,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,927 |
| Advertising and promotion | $10,240 |
| Office expenses | $88,786 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $426,683 |
| Travel | $1,312 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,013 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $373,298 |
| Insurance | $101,315 |
| All other expenses | $0 |
| Total functional expenses | $10,345,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,353,086 |
| Savings and temporary cash investments | $4,834,071 |
| Pledges and grants receivable | $691,727 |
| Accounts receivable, net | $1,400,925 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $256,378 |
| Net Land, buildings, and equipment | $4,089,924 |
| Investments—publicly traded securities | $154,379 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,245 |
| Total assets | $12,796,735 |
| Accounts payable and accrued expenses | $838,758 |
| Grants payable | $0 |
| Deferred revenue | $8,450 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,736,499 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $88,192 |
| Total liabilities | $2,671,899 |
| Net assets without donor restrictions | $8,494,466 |
| Net assets with donor restrictions | $1,630,370 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,796,735 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cove School Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Center Street Foundation Winnetka, IL PURPOSE: UNRESTRICTED | $1,000 |
Endowment Analysis
| Beg. Balance | $154,273 |
| Earnings | $309 |
| Grants | $202 |
| Ending Balance | $154,380 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Special Education Services North Aurora, IL | $31,632,053 | $51,559,990 |
Hope School Springfield, IL | $21,982,147 | $30,686,089 |
El Valor Corporation Chicago, IL | $18,984,764 | $27,352,024 |
Elim Christian Services Crestwood, IL | $24,694,365 | $26,170,413 |
Little Star Center Inc Carmel, IN | $4,849,265 | $23,180,469 |
Search Inc Chicago, IL | $24,962,467 | $21,927,520 |
Hoyleton Youth And Family Services Fairview Heights, IL | $12,821,253 | $20,105,613 |
Leslie Shankman School Corporation Chicago, IL | $18,541,071 | $14,894,001 |
La Causa Inc Milwaukee, WI | $21,522,910 | $16,623,620 |
Gibault Inc Terre Haute, IN | $35,353,670 | $13,928,805 |
Giant Steps Illinois Inc Lisle, IL | $11,784,298 | $12,524,007 |
Chileda Institute Inc La Crosse, WI | $16,643,719 | $12,257,585 |