Covia Foundation

Organization Overview

Covia Foundation is located in Walnut Creek, CA. The organization was established in 2003. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 03/2021, Covia Foundation generated $5.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $5.7m during the year ending 03/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

COVIA FOUNDATION RAISES FUNDS AND SUPPORTS THE NEEDS OF COVIA COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO ESTABLISH AND MAINTAIN FUNDS TO BENEFIT AND PROVIDE CONTINUING FINANCIAL SUPPORT OF THE CAPITAL, COMMUNITY OUTREACH, FINANCIAL ASSISTANCE, AND OTHER CHARITABLE PURPOSES OF COVIA COMMUNITIES.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$3,021,200
Government grants $238,610
All other contributions, gifts, grants, and similar amounts not included above$1,601,366
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,861,176
Total Program Service Revenue$0
Investment income $56,605
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $509,987
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,427,768

Grants Awarded

Over the last fiscal year, Covia Foundation has awarded $518,260 in support to 3 organizations.

Grant RecipientAmount

EPISCOPAL SENIOR COMMUNITIES

Org PageRecipient Profile

Walnut Creek, CA

PURPOSE: SUPPORTING ORGANIZATION TO EPISCOPAL SENIOR COMMUNITIES

$415,366

COMMUNITY HOUSING INC

Org PageRecipient Profile

Walnut Creek, CA

PURPOSE: AFFORDABLE HOUSING ASSISTANCE

$60,733

JENNINGS SENIOR HOUSING INC

Org PageRecipient Profile

Walnut Creek, CA

PURPOSE: AFFORDABLE HOUSING ASSISTANCE

$42,161
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Covia Foundation has recieved totaling $212,753.

Awarding OrganizationAmount
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$52,753
Metta Fund

San Francisco, CA

PURPOSE: WELL CONNECTED ESPANOL

$35,000
Metta Fund

San Francisco, CA

PURPOSE: WELL CONNECTED ESPANOL

$35,000
Metta Fund

San Francisco, CA

PURPOSE: WELL CONNECTED ESPANOL

$35,000
Metta Fund

San Francisco, CA

PURPOSE: WELL CONNECTED ESPANOL

$35,000
Metta Fund

San Francisco, CA

PURPOSE: IMMEDIATE NEEDS FOR THE WELL-CONNECTED PROGRAM RELATED TO OLDER ADULTS DURING THE COVID-19 PUBLIC HEALTH CRISIS

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$674,370
Earnings$102,672
Ending Balance$777,042

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