Cova Education Charter Resources Inc
- Assets
- $601.7k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 16
- Location
- Oakland, CA
- Founding
- 05/1984
- Data as of
- 06/2021
- EIN
- 94-2948014
Organization Overview
Cova Education Charter Resources Inc is located in Oakland, CA. The organization was established in 1984. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Cova Education Charter Resources Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cova Education Charter Resources Inc 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 06/2021, Cova Education Charter Resources Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.1%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.8%) per year over the past 6 years. 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
THE OBJECTIVES OF THE CORPORATION ARE TO PROVIDE INFORMATION AND EDUCATIONAL INSTRUCTION TO STUDENTS, TEACHERS, AND OTHERS IN THE COMMUNITY, AND TO PROVIDE ACCESS TO MUSIC AND TECHOLOGY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION TO AN AVERAGE OF 230 STUDENTS.
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 |
|---|---|---|---|
Dr Valerie Abad Principal | Officer | 40 | $47,082 |
Walter Mccoy President | OfficerTrustee | 1 | $0 |
Sheikh Faiz Secretary | OfficerTrustee | 1 | $0 |
William Hynes Board Member | Trustee | 1 | $0 |
Sheila Pompey Board Member | Trustee | 1 | $0 |
Shelly James Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,103,733 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,103,733 |
| Total Program Service Revenue | $0 |
| Investment income | $2,270 |
| 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 | $1,148,475 |
| 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. | $87,348 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $631,054 |
| Pension plan accruals and contributions | $46,059 |
| Other employee benefits | $38,395 |
| Payroll taxes | $29,214 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,356 |
| Fees for services: Accounting | $77,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,157 |
| Advertising and promotion | $4,750 |
| Office expenses | $0 |
| Information technology | $7,333 |
| Royalties | $0 |
| Occupancy | $71,032 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $362 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $21,076 |
| All other expenses | $0 |
| Total functional expenses | $1,139,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,592 |
| Savings and temporary cash investments | $303,269 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $250,130 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,685 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $601,676 |
| Accounts payable and accrued expenses | $136,049 |
| 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 | $136,049 |
| Net assets without donor restrictions | $465,627 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $601,676 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cova Education Charter Resources Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Music Academy Of The West Santa Barbara, CA | $120,750,921 | $15,444,605 |
Community Music Center San Francisco, CA | $15,281,174 | $7,950,655 |
Community School Of Music And Arts Mountain View, CA | $18,628,663 | $6,488,682 |
East Bay Center For The Performing Arts Richmond, CA | $17,638,229 | $4,210,824 |
Pasadena Conservatory Of Music Pasadena, CA | $15,881,465 | $7,957,752 |
Rlg Land Foundation Bakersfield, CA | $25,153,075 | $1,533,826 |
Etm-La Inc Burbank, CA | $1,833,553 | $2,704,236 |
Northwest Childrens Theater And School Inc Portland, OR | $1,969,323 | $1,602,828 |
Northwest Professional Dance Project Portland, OR | $1,772,788 | $1,279,998 |
Stanford Jazz Workshop Stanford, CA | $2,242,976 | $2,072,120 |
College Of Adaptive Arts Saratoga, CA | $617,789 | $1,346,565 |
Claremont Community School Of Music Claremont, CA | $591,718 | $1,260,118 |