Cov Inc
- Assets
- $390.4k
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Murfreesboro, TN
- Founding
- 07/2019
- Data as of
- 12/2020
- EIN
- 32-0582177
Organization Overview
Cov Inc, operating under the name Code Of Vets, is located in Murfreesboro, TN. The organization was established in 2019. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Code Of Vets 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 12/2020, Code Of Vets generated $2.8m in total revenue. All expenses for the organization totaled $2.4m during the year ending 12/2020. While expenses have increased by 330.7% per year over the past 3 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
COV INC DISBURSES FUNDS TO VETERANS IN NEED WHO HAVE BEEN HONORABLY DISCHARGED FROM MILITARY SERVICE AND THEIR FAMILIES WHO ARE IN NEED, CRISIS, OR DISTRESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COV INC DISBURSES FUNDS TO VETERANS IN NEED WHO HAVE BEEN HONORABLY DISCHARGED FROM MILITARY SERVICE AND THEIR FAMILIES WHO ARE IN NEED, CRISIS, OR DISTRESS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Hackney Board Member | OfficerTrustee | 1 | $0 |
Kevin Napper Board Member | OfficerTrustee | 1 | $0 |
Doug Nikoli Board Member | OfficerTrustee | 1 | $0 |
Gretchen Smith Founder/dire | OfficerTrustee | 40 | $0 |
Joseph Smith President | OfficerTrustee | 5 | $0 |
Nick Polce Board Member | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,770,188 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,770,188 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $68 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $60 |
| Other expenses | $62,403 |
| Total operating and administrative expenses | $98,251 |
| Contributions, gifts, grants paid | $2,311,373 |
| Total expenses and disbursements | $2,409,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $389,445 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $953 |
| Other assets | $0 |
| Total assets | $390,398 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Cov Inc has awarded $24,194 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
CASSANDRA COUNCELLER PURPOSE: FOR ASSISTANCE TO INDIGENT PERSON | $3,500 |
MARVIN NESMITH PURPOSE: FOR ASSISTANCE TO INDIGENT PERSON | $3,300 |
ROB DONLEY LANDSCAPING PURPOSE: FOR ASSISTANCE TO INDIGENT PERSON | $2,100 |
RAYMOND SMITH PURPOSE: FOR ASSISTANCE TO INDIGENT PERSON | $1,905 |
JAMES HART PURPOSE: FOR ASSISTANCE TO INDIGENT PERSON | $1,700 |
JOSEPH VOLIVA PURPOSE: FOR ASSISTANCE TO INDIGENT PERSON | $1,500 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Cov Inc has recieved totaling $131,042.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $33,150 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $17,000 |
Renard Family Foundation Inc Oneida, WI PURPOSE: CARE OF VETERANS | $10,000 |
Wounded Warriors Family Support Inc Omaha, NE PURPOSE: FINANCIAL ASSISTANCE | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $8,392 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
H E R O E S Care Inc Fenton, MO | $4,492,001 | $18,882,199 |
Air Force Aid Society Inc Arlington, VA | $262,482,165 | $46,086,376 |
Disabled American Veterans Kansas City, MO | $10,841,900 | $17,342,130 |
American Legion Bowling Green, KY | $1,050,755 | $11,898,405 |
The National Military Family Association Alexandria, VA | $8,448,648 | $9,411,080 |
United Service Organizations Inc Fort Myer, VA | $0 | $2,240,114 |
The Independence Fund Inc Charlotte, NC | $7,812,789 | $8,567,110 |
Marine Corps Association Quantico, VA | $17,818,262 | $7,455,788 |
Armed Services Mutual Benefit Association Goodlettsville, TN | $55,566,131 | $7,665,042 |
U S Naval Sea Cadet Corps Arlington, VA | $6,985,927 | $8,234,482 |
Veterans Of Foreign Wars Of The United States Auxillary Kansas City, MO | $115,995,007 | $13,500,016 |
Women In Military Service For America Memorial Foundation Inc Arlington, VA | $11,722,569 | $5,876,595 |