Cova Agua
- Assets
- $748.5k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 3
- Location
- St Paul, MN
- Founding
- 06/2009
- Data as of
- 12/2023
- EIN
- 26-4080644
Organization Overview
Cova Agua is located in St Paul, MN. The organization was established in 2009. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Cova Agua employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cova Agua 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 12/2023, Cova Agua generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $1.0m during the year ending 12/2023. While expenses have increased by 18.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
COVA IS BUILDING A HEALTHIER CENTRAL AMERICA THROUGH COMMUNITY-CENTERED SAFE WATER SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COVA BUILDS A HEALTHIER CENTRAL AMERICA THROUGH COMMUNITY-CENTERED, SAFE WATER SOLUTIONS. IN 2023, OUR SAFE DRINKING WATER PROGRAM HELPED 269,351 RURAL NICARAGUAN, HONDURAN, AND EL SALVADOREAN MEMBERS GAIN ACCESS TO SAFE DRINKING WATER SOLUTIONS. THROUGH OUR INNOVATIVE MARKET-BASED CIRCUIT RIDER MODEL, COVA IS EMPOWERING RURAL COMMUNITIES IN CENTRAL AMERICA TOWARDS SUSTAINABLE ACCESS TO SAFE DRINKING WATER, ALLOWING CHILDREN TO ATTEND SCHOOL, PARENTS TO CONTINUE WORKING, AND COMMUNITIES TO THRIVE. WITH AN ON-THE-GROUND STAFF IN NICARAGUA, HONDURAS, AND EL SALVADOR, COVA IS A LOCALLY MANAGED ORGANIZATION PARTNERING WITH 2,191 COMMUNITIES. BY PROVIDING EDUCATION OPPORTUNITIES AND BUILDING CAPACITY FOR SELF-SUSTAINING, EASY TO MAINTAIN, AND FINANCIALLY VIABLE WATER TREATMENT SOLUTIONS, COVA IS PROVIDING ACCESS TO SAFE DRINKING WATER TO 1.3 MILLION PEOPLE, WHILE ALLOWING COMMUNITIES TO BE ACTIVE PARTICIPANTS IN THE PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wesley Meier President & Director | OfficerTrustee | 50 | $90,000 |
Greg Mcgrath Vice President & Director | Trustee | 4 | $0 |
Katie Frank Treasurer & Director | OfficerTrustee | 4 | $0 |
Nick Wobbrock Secretary & Director | OfficerTrustee | 4 | $0 |
Frank Bergh Board Chair & Director | OfficerTrustee | 4 | $0 |
Alvaro Rodriguez Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $226,941 |
| All other contributions, gifts, grants, and similar amounts not included above | $339,970 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $566,911 |
| Total Program Service Revenue | $519,284 |
| 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 | $49,466 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,135,661 |
| 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. | $148,599 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $44,385 |
| Other employee benefits | $750 |
| Payroll taxes | $65,581 |
| Fees for services: Management | $363,431 |
| Fees for services: Legal | $2,917 |
| Fees for services: Accounting | $6,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,353 |
| Office expenses | $56,477 |
| Information technology | $1,311 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $98,286 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,363 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,710 |
| Insurance | $3,502 |
| All other expenses | $0 |
| Total functional expenses | $1,038,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,990 |
| Savings and temporary cash investments | $58,792 |
| Pledges and grants receivable | $44,744 |
| Accounts receivable, net | $245,116 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $151,203 |
| Prepaid expenses and deferred charges | $10,382 |
| Net Land, buildings, and equipment | $24,227 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $748,454 |
| Accounts payable and accrued expenses | $96,270 |
| 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 | $100,000 |
| Other liabilities | $0 |
| Total liabilities | $196,270 |
| Net assets without donor restrictions | $434,837 |
| Net assets with donor restrictions | $117,347 |
| 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 | $748,454 |