Covey Inc
- Assets
- $5.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 42
- Location
- Oshkosh, WI
- Founding
- 12/1957
- Data as of
- 12/2021
- EIN
- 39-6026845
Organization Overview
Covey Inc is located in Oshkosh, WI. The organization was established in 1957. As of 12/2021, Covey Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covey 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 12/2021, Covey Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREATING OPPORTUNITIES THAT FOSTER PERSONAL GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESPITE: THIS PROGRAM OFFERS CAREGIVER RELIEF TO INDIVIDUALS CARING FOR A PERSON WITH A DISABILITY. WE PROVIDED OVER 51,000 HOURS OF RESPITE FOR ADULTS WITH DISABILITIES WITH EXPENSES TOTALING 948,574 IN 2021. LIFE ENRICHMENT: THIS PROGRAM PROVIDES OPPORTUNITIES FOR ADULTS WITH DISABILITIES TO GAIN NEW SKILLS AND DEVELOP A SOCIAL NETWORK THAT FOSTERS A SENSE OF CONNECTEDNESS. DUE TO COVID-19, WE CONTINUED TO OFFER THESE ACTIVITIES VIRTUALLY AS WELL AS IN PERSON. THE EXPENSES FOR THIS PROGRAM IN 2021 WERE 78,005.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pam Schutz CEO | Officer | 40 | $79,507 |
Laura Balliet President | OfficerTrustee | 2 | $0 |
Jeffrey Aherns Secretary/tr | OfficerTrustee | 2 | $0 |
Elly Heuring Vice Preside | OfficerTrustee | 2 | $0 |
Mallory Cornelius Director | Trustee | 2 | $0 |
Erin Dankwardt Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $88,480 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $139,353 |
| All other contributions, gifts, grants, and similar amounts not included above | $101,621 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $329,454 |
| Total Program Service Revenue | $786,822 |
| Investment income | $70,752 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,767 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,226,795 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,280 |
| Compensation of current officers, directors, key employees. | $85,679 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $589,332 |
| Pension plan accruals and contributions | $7,251 |
| Other employee benefits | $54,142 |
| Payroll taxes | $49,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,401 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,629 |
| Fees for services: Other | $13,905 |
| Advertising and promotion | $3,090 |
| Office expenses | $9,479 |
| Information technology | $83,591 |
| Royalties | $0 |
| Occupancy | $102,220 |
| Travel | $4,442 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,512 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,878 |
| Insurance | $29,321 |
| All other expenses | $5,546 |
| Total functional expenses | $1,217,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,213 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $86,390 |
| Accounts receivable, net | $73,861 |
| 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 | $8,374 |
| Net Land, buildings, and equipment | $710,981 |
| Investments—publicly traded securities | $2,946,330 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,169,676 |
| Total assets | $5,053,825 |
| Accounts payable and accrued expenses | $61,153 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $224,329 |
| Unsecured mortgages and notes payable | $279,934 |
| Other liabilities | $0 |
| Total liabilities | $565,416 |
| Net assets without donor restrictions | $2,972,870 |
| Net assets with donor restrictions | $1,515,539 |
| 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 | $5,053,825 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Covey Inc has recieved totaling $74,445.
| Awarding Organization | Amount |
|---|---|
Oshkosh Area United Way Inc Oshkosh, WI PURPOSE: COMMUNITY ENGAGEMENT AND RESPITE | $52,500 |
United Way Fox Cities Inc Menasha, WI PURPOSE: PROGRAM OPERATING COST | $21,945 |
Endowment Analysis
| Beg. Balance | $1,079,951 |
| Earnings | $140,179 |
| Admin Expense | -$6,368 |
| Net Contributions | $650 |
| Other Expense | -$44,736 |
| Ending Balance | $1,169,676 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Cerebral Palsy Of Greater Dane County Inc Madison, WI | $2,690,162 | $6,298,642 |
Becker County Developmental Achievement Center Inc Detroit Lakes, MN | $1,516,285 | $1,478,343 |
Covey Inc Oshkosh, WI | $5,053,825 | $1,226,795 |
Eisenhower Memorial Cerebral Palsy Foundation Inc Milwaukee, WI | $1,696,483 | $1,037,721 |
Parents Assn For Cerebral Palsy Children And Adults Homer Glen, IL | $943,519 | $308,210 |
Wisconsin Elks Major Project Inc Delavan, WI | $258,037 | $0 |