Cove Communities Senior Association
- Assets
- $2.5m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 28
- Location
- Palm Desert, CA
- Founding
- 08/1981
- Data as of
- 06/2023
- EIN
- 95-3622332
Organization Overview
Cove Communities Senior Association is located in Palm Desert, CA. The organization was established in 1981. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 06/2023, Cove Communities Senior Association employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cove Communities Senior Association 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 06/2023, Cove Communities Senior Association generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $1.3m during the year ending 06/2023. While expenses have increased by 5.1% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE JOSLYN CENTER PROVIDES HEALTH, RECREATIONAL, EDUCATIONAL, AND SOCIAL PROGRAMS ALONG WITH INFORMATION, REFERRAL, VOLUNTEER, AND SUPPORT SERVICES FOR ADULTS AGE 50+ IN THE COMMUNITIES OF INDIAN WELLS, PALM DESERT, RANCHO MIRAGE, AND SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
SENIOR ACTIVITIES - PROVIDES RECREATIONAL ACTIVITIES, EXERCISE CLASSES, HEALTH SERVICES, AND EDUCATIONAL OPPORTUNITIES TO SENIOR CITIZENS IN THE SURROUNDING COMMUNITIES.WELLNESS CENTER - THE WELLNESS CENTER PROVIDES A HOLISTIC APPROACH TO SENIOR WELLNESS INCLUDING EVIDENCE-BASED CLASSES INCLUDING AGING MASTERY, BRAIN BOOT CAMP, PROBLEM SOLVING THERAPY, AND GO4LIFE EXCERCISE PROGRAMS. THE WELLNESS CENTER ALSO HAS A FITNESS CENTER WITH PROFESSIONAL STYLE EXCERCISE MACHINES.
MEALS ON WHEELS - PROVIDES UP TO TWO MEALS PER DAY TO FRAIL, HOMEBOUND SENIORS. AVAILABLE TO RESIDENTS OF THE SURROUNDING COMMUNITIES. APPROXIMATELY 1,200 MEALS ARE SERVED PER MONTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Newby Executive Dir. | Officer | 40 | $114,943 |
Margaret Peggy Leo Director | Trustee | 1 | $0 |
Wendy Alderson-Soda Director | Trustee | 1 | $0 |
Beverly Fitzgerald President | OfficerTrustee | 1 | $0 |
Mary Gilstrap Secretary | OfficerTrustee | 1 | $0 |
Barry Kaufman Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $62,760 |
| Fundraising events | $64,720 |
| Related organizations | $0 |
| Government grants | $339,601 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,710,479 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,177,560 |
| Total Program Service Revenue | $84,036 |
| Investment income | $12,811 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,826 |
| Net Gain/Loss on Asset Sales | -$11,870 |
| Net Income from Fundraising Events | $76,224 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,351,587 |
| 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. | $114,943 |
| Compensation of current officers, directors, key employees. | $28,736 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $671,695 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,716 |
| Payroll taxes | $64,254 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,189 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,720 |
| Advertising and promotion | $0 |
| Office expenses | $28,953 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,769 |
| Insurance | $29,546 |
| All other expenses | $62,044 |
| Total functional expenses | $1,335,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $191,097 |
| Pledges and grants receivable | $0 |
| 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 | $8,696 |
| Net Land, buildings, and equipment | $664,366 |
| Investments—publicly traded securities | $1,521,453 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $94,282 |
| Total assets | $2,480,194 |
| Accounts payable and accrued expenses | $66,600 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $66,600 |
| Net assets without donor restrictions | $2,139,149 |
| Net assets with donor restrictions | $274,445 |
| 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 | $2,480,194 |