Covia Foundation
- Assets
- $15.2m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Walnut Creek, CA
- Founding
- 01/2003
- Data as of
- 03/2021
- EIN
- 46-0502111
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.
Form
990
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Coates Sally Chair, Director | OfficerTrustee | 1 | $0 |
Mcmullin Mary Secretary/chief Strgy & Adv Officer | Officer | 12 | $0 |
Brinton Prabhjot K VP Human Resources | Officer | 1 | $0 |
Powell Tracy VP Of Outreach Programs | Officer | 2 | $0 |
Schaefer Ron Chief Operating Officer | Officer | 2 | $0 |
Gerber Kevin President, CEO | Officer | 2 | $0 |
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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,771,784 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $490,361 |
| Pension plan accruals and contributions | $43,511 |
| Other employee benefits | $84,870 |
| Payroll taxes | $26,391 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,163 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,990 |
| Fees for services: Other | $88,503 |
| Advertising and promotion | $58,435 |
| Office expenses | $13,859 |
| Information technology | $6,344 |
| Royalties | $0 |
| Occupancy | $40,647 |
| Travel | $6,591 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $679 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,017 |
| Total functional expenses | $5,668,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,233,745 |
| Savings and temporary cash investments | $3,038,959 |
| Pledges and grants receivable | $1,166,902 |
| Accounts receivable, net | $0 |
| 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 | $8,706 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,794,178 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,242,490 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $117,200 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,739,793 |
| Total liabilities | $4,856,993 |
| Net assets without donor restrictions | $829,956 |
| Net assets with donor restrictions | $9,555,541 |
| 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 | $15,242,490 |
Grants Awarded
Over the last fiscal year, Covia Foundation has awarded $518,260 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Walnut Creek, CA PURPOSE: SUPPORTING ORGANIZATION TO EPISCOPAL SENIOR COMMUNITIES | $415,366 |
Walnut Creek, CA PURPOSE: AFFORDABLE HOUSING ASSISTANCE | $60,733 |
Walnut Creek, CA PURPOSE: AFFORDABLE HOUSING ASSISTANCE | $42,161 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Covia Foundation has recieved totaling $212,753.
| Awarding Organization | Amount |
|---|---|
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 |
Endowment Analysis
| Beg. Balance | $674,370 |
| Earnings | $102,672 |
| Ending Balance | $777,042 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quality Development And Construction Inc Irvine, CA | $7,151,987 | $11,427,798 |
Destination Home Sv Mountain View, CA | $41,518,782 | $18,470,056 |
Jewish Senior Living Group San Francisco, CA | $2,332,058 | $8,939,808 |
Mmm East Inc San Francisco, CA | $119,188,070 | $6,506,473 |
Covia Foundation Walnut Creek, CA | $15,242,490 | $5,427,768 |
Rhf Holdings Group Inc Long Beach, CA | $60,439,706 | $3,964,114 |
Claremont Investment Management Company Claremont, CA | $1,000 | $3,676,693 |
Bridge Community Impact San Francisco, CA | $6,385,482 | $4,564,886 |
Cedarsinai Park Foundation Portland, OR | $11,237,596 | $2,147,492 |
The Jewish Home And Senior Living Foundation San Francisco, CA | $89,528,323 | $7,958,630 |
Jack Hall Hawaii Housing Corporation Honolulu, HI | $18,118,786 | $12,649,109 |
Ahsc Qalicb Portland, OR | $14,844,738 | $611,073 |