Coventry Reserve
- Assets
- $1.6m
- Revenue
- $772.5k
- Investments
- $0.0
- Employees
- 18
- Location
- Wylie, TX
- Founding
- 05/2006
- Data as of
- 12/2022
- EIN
- 20-0476382
Organization Overview
Coventry Reserve, operating under the name The Coventry Reserve, is located in Wylie, TX. The organization was established in 2006. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 12/2022, Coventry Reserve employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coventry Reserve 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 12/2022, Coventry Reserve generated $772.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $502.1k during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 4 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATE A BEAUTIFUL CHRIST-CENTERED COMMUNITY WHERE ADULTS WITH SPECIAL NEEDS CAN EXPERIENCE LIFE TO ITS FULLEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAY HAB PROGRAM. WE PROMOTE ENGAGED AND CREATIVE LEARNING IN AN ENVIRONMENT THAT IS STRUCTURED TO ADDRESS MENTAL, PHYSICAL, SOCIAL, EMOTIONAL, AND SPIRITUAL NEEDS. OUR LOW STAFF-TO-PARTICIPANT RATIO ALLOWS US TO ADDRESS THE NEEDS OF EACH INDIVIDUAL. PARTICIPANTS ENJOY A VARIETY OF ACTIVITIES AND TOOLS THAT ARE CAREFULLY DESIGNED TO BUILD BRAIN PATHWAYS, CONFIDENCE, SELF-ESTEEM, AND SOCIAL INTERACTION. EACH ACTIVITY IS DESIGNED TO PROMOTE LIFE ENRICHMENT AND PERSONAL DEVELOPMENT. OUR DAILY PROGRAMS INCLUDE A VARIETY OF STRUCTURED ACTIVITIES, A SOCIAL LUNCH PERIOD, GROUP TEACHING AND DISCUSSION, AND PHYSICAL EXERCISE. COVENTRY RESERVE POTTERY IS CRAFTED AS PART OF OUR DAILY PROGRAMS AND LIKE EACH ONE OF OUR PARTICIPANTS, EVERY POTTERY ITEM IS UNIQUE. DURING 2022 WE HAD 55 PARTICIPANTS. THE PARTICIPANTS HAVE THE OPTION OF ATTENDING TWO, THREE OR FOUR DAYS PER WEEK. COVENTRY HAS TWO TWENTY WEEK SESSIONS PER YEAR WITH A BREAK BETWEEN SESSIONS MUCH LIKE THE SCHOOL SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darlene Blakey Executive Director Board President | OfficerTrustee | 40 | $52,500 |
Derrell Blakey Board Member | Trustee | 1 | $0 |
Tresi Weeks Board Member | Trustee | 1 | $0 |
Regina Barnett Secretary | OfficerTrustee | 1 | $0 |
Joe Jordan Board Vice President | OfficerTrustee | 10 | $0 |
Barbara Stoniecki Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $88,474 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $267,219 |
| Noncash contributions included in lines 1a–1f | $789 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $355,693 |
| Total Program Service Revenue | $259,982 |
| Investment income | $2,364 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $101,983 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $52,433 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $772,455 |
| 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. | $52,500 |
| Compensation of current officers, directors, key employees. | $42,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $251,296 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,404 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $483 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $546 |
| Office expenses | $8,996 |
| Information technology | $1,708 |
| Royalties | $0 |
| Occupancy | $28,649 |
| 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 | $42,458 |
| Insurance | $21,681 |
| All other expenses | $0 |
| Total functional expenses | $502,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $413,684 |
| Savings and temporary cash investments | $149,702 |
| 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 | $28,140 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,028,803 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,620,329 |
| Accounts payable and accrued expenses | -$27,318 |
| 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 | -$27,318 |
| Net assets without donor restrictions | $0 |
| 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 | $1,647,647 |
| Total liabilities and net assets/fund balances | $1,620,329 |