The Cove
- Assets
- $1.5m
- Revenue
- $437.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Twisp, WA
- Founding
- 08/2000
- Data as of
- 12/2021
- EIN
- 91-2051659
Organization Overview
The Cove is located in Twisp, WA. The organization was established in 2000. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Cove employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cove 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 12/2021, Cove generated $437.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $231.2k during the year ending 12/2021. While expenses have increased by 2.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOOD AND ASSISTANCE TO PEOPLE IN NEED IN THE METHOW VALLEY OF WASHINGTON STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A FOOD BANK THAT SERVES APPROXIMATELY 11,950 PEOPLE.
TO PROVIDE DIRECT FINANCIAL ASSISTANCE TO NEEDY FAMILIES. SERVES 450 PEOPLE. 32 VOLUNTEERS.
SERVING FAMILIES IN NEED WITH CHRISTMAS FOOD BASKETS AND GIFTS FOR CHILDREN. ALSO HELPING WITH UTILITY BILLS. SERVES 950 PEOPLE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Schmekel Executive Director | Officer | 20 | $24,000 |
Rick Lewis Chairman | Officer | 20 | $12,000 |
Jennifer Elden Director | OfficerTrustee | 10 | $6,000 |
Carole Stusinski Treasurer | Officer | 2 | $3,000 |
Scott Baldwin Secretary | Officer | 5 | $0 |
Karen Dahl Vice Chairman | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,475 |
| Related organizations | $0 |
| Government grants | $10,540 |
| All other contributions, gifts, grants, and similar amounts not included above | $379,968 |
| Noncash contributions included in lines 1a–1f | $60,910 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $397,983 |
| Total Program Service Revenue | $0 |
| Investment income | $39,857 |
| 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 | $437,840 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $110,544 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $42,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,400 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,691 |
| Fees for services: Management | $5,950 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,160 |
| Fees for services: Other | $0 |
| Advertising and promotion | $860 |
| Office expenses | $2,285 |
| Information technology | $1,748 |
| Royalties | $0 |
| Occupancy | $24,623 |
| Travel | $1,311 |
| 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 | $10,544 |
| Insurance | $155 |
| All other expenses | $0 |
| Total functional expenses | $231,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $309,300 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $8,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $754,121 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $442,647 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,514,068 |
| Accounts payable and accrued expenses | $0 |
| 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 | $178 |
| Total liabilities | $178 |
| 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 | $1,513,890 |
| Total liabilities and net assets/fund balances | $1,514,068 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Cove has recieved totaling $60,858.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of North Central Washington Wenatchee, WA PURPOSE: VARIOUS PURPOSES AS APPROVED BY CFNCW BOARD | $38,286 |
Philadelphia Foundation Philadelphia, PA PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Henlopen Foundation Inc Seattle, WA PURPOSE: IN SUPPORT OF 501 (C)(3) ORGANIZATION | $7,500 |
Moccasin Lake Foundation wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $72 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pioneer Human Services Seattle, WA | $87,958,344 | $86,152,025 |
Hopelink Redmond, WA | $65,683,064 | $83,592,432 |
Opportunity Council Bellingham, WA | $28,866,104 | $56,313,907 |
Association Of Village Council Presidents Bethel, AK | $66,137,927 | $53,399,923 |
St Vincent De Paul Society Of Lane County Inc Eugene, OR | $108,438,554 | $48,527,173 |
Lutheran Community Services Northwest SeaTac, WA | $32,992,754 | $47,700,677 |
Community Action Council Of Lewis Mason And Thurston Counties Lacey, WA | $20,227,354 | $41,866,003 |
Northwest Center Services Renton, WA | $14,390,014 | $45,339,525 |
Kodiak Area Native Association Kodiak, AK | $96,479,777 | $48,228,696 |
Catholic Charities Of The Diocese Of Yakima Yakima, WA | $43,879,767 | $48,574,689 |
Asian Counseling And Referral Service Seattle, WA | $31,509,398 | $38,563,323 |
United Community Action Network Roseburg, OR | $19,756,217 | $31,545,773 |