SANTA MARIA, CA

Cova Family Inc.

Quick Facts

EIN: 822122526
Location: SANTA MARIA, CA
Phone: (805) 928-7219
Category: Philanthropy & Grantmaking
Total Assets: $799K
Annual Income: $132K
IRS Ruling Year: 2017
Organization Type: Non-Operating Foundation
Principal Officer: % Charles J Cova
Tax Deductibility: Contributions are deductible

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About This Foundation

Cova Family Inc. is a private corporation based in SANTA MARIA, CA. The foundation received its IRS ruling in 2017. The principal officer is % Charles J Cova. It holds total assets of $799K. Annual income is reported at $132K. Saint Joseph High School. According to available records, Cova Family Inc. has made 8 grants totaling $205K, with a median grant of $28K. Annual giving has grown from $56K in 2020 to $100K in 2022. Individual grants have ranged from $18K to $31K, with an average award of $26K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in California. Contributions to this foundation are tax-deductible.

Application Information

Preselected OnlyThis foundation typically selects grantees rather than accepting unsolicited proposals.

Programs & Activities

Saint Joseph High School

Expenses: $31K

St Mary's

Expenses: $19K

Frequently Asked Questions

What does Cova Family Inc. fund?

Saint Joseph High School. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in CA.

How much does Cova Family Inc. give in grants?

Cova Family Inc. has distributed a total of $205K across 8 grants. The median grant size is $28K, with an average of $26K. Individual grants have ranged from $18K to $31K.

How do I apply for a grant from Cova Family Inc.?

Cova Family Inc. typically selects its grantees rather than accepting unsolicited proposals.

Where is Cova Family Inc. located?

Cova Family Inc. is headquartered in SANTA MARIA, CA.

Key People & Compensation (2023)

Name	Title	Compensation	Benefits	Total
Charles J Cova	President	$0	$0	$0
Marie E Cova	CEO	$0	$0	$0
Allison L Cova	CFO	$0	$0	$0
Matthew F Cova	Secretary	$0	$0	$0

990 Tax Filings

Year	Return Type	PDF
2023	990PF	View
2022	990PF	View
2021	990PF	View
2020	990PF

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$67K

2023-7%

Total Assets

$833K

2023-4%

Fair Market Value

$897K

2023

Net Worth

$833K

2023

Grants Paid

$56K

2023

Contributions

2023

Net Investment Income

$25K

2023

Distribution Amount

2023

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Investment Portfolio (2023)

Total: $782K

Corporate Stock (71%)

Corporate Bonds (27%)

Cash (2%)

Expense Breakdown (2023)

Revenue Sources (2023)

Dividends: $32K
Interest: $1K
Capital Gains (Net): $-732

Financial Details (2023)

Total Revenue: $33K
Total Expenses: $67K
Exempt Purpose Expenses: $56K
Required Distribution: $0
Undistributed Income: $0
Total Liabilities: $1
Excise Tax: $354
Tax Due: $354

Foundation Classification (2023)

Operating FoundationNo

Grants to IndividualsNo

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$205K

Average Grant

$26K

Median Grant

$28K

Unique Recipients

Most Common Grant

$31K

Grant Disbursements by Year

Grant Range

Min$18K

Max$31K

Median: $28K

Smallest grantLargest grant

Openness to New Grantees (2022)

of 2022 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

CA$205K (8)

Past Grantees

Recipient	Location	Amount	Year
Saint Joseph High SchoolTo Further Educational Purposes	Santa Maria, CA	$31K	2022
Saint Mary'S Of The Assumption SchoTo Further Educational Purposes	Santa Maria, CA	$19K	2022