The Cove Center Inc
- Assets
- $3.7m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 173
- Location
- Providence, RI
- Founding
- 03/1989
- Data as of
- 06/2021
- EIN
- 05-0419116
Organization Overview
The Cove Center Inc is located in Providence, RI. The organization was established in 1989. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2021, Cove Center Inc employed 173 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cove Center 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 06/2021, Cove Center Inc generated $9.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $8.3m during the year ending 06/2021. 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
TO PROVIDE DAY AND RESIDENTIAL PROGRAMS FOR TREATMENT OF AUTISM AND OTHER DEVELOPMENTAL DISABILITIES TO CLIENTS WITHIN THE RHODE ISLAND AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERAPEUTIC VOCATIONAL AND DEVELOPMENTAL DAY AND RESIDENTIAL TREATMENT PROGRAM FOR PEOPLE AGED 21 AND OLDER WHO HAVE AUTISM AND OTHER PERVASIVE DEVELOPMENT DISABILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Fiske Program Director | 40 | $81,733 | |
June Groden PHD President | OfficerTrustee | 1 | $0 |
Helen Morcos Vice President | OfficerTrustee | 1 | $0 |
Jennie Trimble Treasurer/secretary | OfficerTrustee | 1 | $0 |
Michael Pearis CEO | Officer | 15 | $0 |
Patrick Wentzell Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,180,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,250,200 |
| Total Program Service Revenue | $8,361,464 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,611,664 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,376,551 |
| Pension plan accruals and contributions | $47,727 |
| Other employee benefits | $837,631 |
| Payroll taxes | $351,564 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $549,251 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $446,546 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,501 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,136 |
| Insurance | $0 |
| All other expenses | $28,703 |
| Total functional expenses | $8,305,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,377,876 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,175,712 |
| 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 | $505 |
| Net Land, buildings, and equipment | $1,120,966 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,675,059 |
| Accounts payable and accrued expenses | $364,318 |
| Grants payable | $0 |
| Deferred revenue | $209,284 |
| 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 | $397,850 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $253,599 |
| Total liabilities | $1,225,051 |
| Net assets without donor restrictions | $2,450,008 |
| Net assets with donor restrictions | $0 |
| 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 | $3,675,059 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Cove Center Inc has recieved totaling $8,750.
| Awarding Organization | Amount |
|---|---|
United Way Of Rhode Island Inc Providence, RI PURPOSE: DESIGNATED DONATION/GRANT | $8,680 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $70 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Shore Support Services Inc Weymouth, MA | $2,878,959 | $17,706,112 |
Communitas Inc Wakefield, MA | $10,107,493 | $17,984,942 |
The Arc Of Opportunity In North Central Massachusetts Inc Fitchburg, MA | $18,467,193 | $18,583,549 |
Community Connections Inc South Yarmouth, MA | $11,598,404 | $18,444,475 |
New England Villages Inc Pembroke, MA | $44,008,245 | $13,385,395 |
Seven Hills Foundation Inc Worcester, MA | $186,253,865 | $23,046,557 |
The Arc Of The Farmington Valley Inc Canton, CT | $16,927,391 | $16,549,270 |
The Arc Of Bristol County Inc Attleboro, MA | $11,407,208 | $18,035,787 |
Star Inc Lighting The Way Norwalk, CT | $10,163,744 | $16,694,684 |
Walnut Street Center Inc Medford, MA | $3,885,616 | $16,629,090 |
The Minute Man Arc For Human Services Inc Concord, MA | $12,561,160 | $14,153,395 |
The Arc Of The South Shore Inc Hingham, MA | $10,392,289 | $14,256,760 |