Pine Cove Inc
- Assets
- $43.4m
- Revenue
- $33.9m
- Investments
- $0.0
- Employees
- 1,888
- Location
- Tyler, TX
- Founding
- 08/1968
- Data as of
- 09/2015
- EIN
- 75-1254353
Organization Overview
Pine Cove Inc is located in Tyler, TX. The organization was established in 1968. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 09/2022, Pine Cove Inc employed 1,888 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pine Cove Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION & RECREATION ACTIVITIES DESIGNED TO FULFILL THE ORGANIZATION'S MISSION, WHICH IS: "PINE COVE EXISTS TO BE USED BY GOD TO TRANSFORM THE LIVES OF PEOPLE FOR HIS PURPOSES AND FOR HIS GLORY".
Describe the Organization's Program Activity:
OPERATION AND MAINTENANCE OF RESIDENT CAMPING AND CONFERENCE FACILITIES FOR YOUTH AND ADULTS. FOOD SERVICE PREPARATION AND SERVICE OF MEALS FOR CAMPERS AND STAFF DURING RESIDENT AND DAY CAMPS AND CONFERENCES. OVER 40,000 VISITORS ATTEND CHRISTIAN SUMMER CAMPS, AND NON-SUMMER RETREATS, CONFERENCES AND OTHER VENUES EACH YEAR AT SIX CHRISTIAN YOUTH CAMPS AND THREE CHRISTIAN FAMILY CAMPS IN THE TYLER & COLUMBUS, TX AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mario Zandstra Past Pre & CEO | Officer | 50 | $312,391 |
Matt Edwards COO | Officer | 45 | $140,540 |
Reed Livesay President & CEO | Officer | 50 | $139,799 |
Phil Baker Sr Dir Marketing | 50 | $127,382 | |
Randy Collins Trea/asst Sec | Officer | 45 | $125,940 |
Craig Langemeier Chief Ministry Off | 40 | $103,378 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,937,668 |
| Investment income | $6,186 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,412 |
| Net Gain/Loss on Asset Sales | -$2,617 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $969,878 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,919,246 |
| Statement of Expenses | |
|---|---|
| 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. | $1,148,521 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,647,862 |
| Pension plan accruals and contributions | $274,540 |
| Other employee benefits | $1,797,755 |
| Payroll taxes | $782,421 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $115,807 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,702,030 |
| Insurance | $597,476 |
| All other expenses | $0 |
| Total functional expenses | $27,905,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $844,435 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $430,880 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $217,494 |
| Prepaid expenses and deferred charges | $177,040 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $681,025 |
| Total assets | $43,410,564 |
| Accounts payable and accrued expenses | $1,302,569 |
| 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 | $3,609,376 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,071,279 |
| Total liabilities | $9,983,224 |
| Net assets without donor restrictions | $31,994,867 |
| Net assets with donor restrictions | $1,177,989 |
| Capital stock or trust principal, or current funds | $254,484 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $33,427,340 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pine Cove Inc has recieved totaling $65,000.
| Awarding Organization | Amount |
|---|---|
Lc And Mary Worley Memorialfoundation Longview, TX PURPOSE: SCHOLARSHIPS | $50,000 |
Christian Healthcare Ministries Inc Barberton, OH PURPOSE: GENERAL SUPPORT | $15,000 |
Endowment Analysis
| Beg. Balance | $262,796 |
| Earnings | $1,442 |
| Net Contributions | $890 |
| Other Expense | $9,906 |
| Ending Balance | $255,222 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trinity Christian Center Of Santa Ana Inc Fort Worth, TX | $220,989,355 | $120,975,345 |
Central Missionary Clearinghouse Inc Houston, TX | $6,419,067 | $44,656,736 |
Parish Episcopal School Dallas, TX | $99,531,938 | $38,441,453 |
Omega Charitable Developers Inc Houston, TX | $6,275,678 | $33,763,984 |
Rightnow Ministries International McKinney, TX | $45,408,215 | $33,884,225 |
Newman International Academy Arlington, TX | $46,580,877 | $32,428,105 |
Pine Cove Inc Tyler, TX | $43,410,564 | $33,919,246 |
Interfaith Ministries For Greater Houston Houston, TX | $17,611,753 | $29,868,273 |
Bible Study Fellowship San Antonio, TX | $20,886,435 | $27,831,196 |
Hosanna Albuquerque, NM | $66,066,591 | $27,487,086 |
Apartment Life Inc Bedford, TX | $5,807,926 | $23,558,847 |
Liberty Educational Ministries Inc Argyle, TX | $56,879,806 | $25,424,585 |