Civic Intelligence

Kovago Developmental Foundation Inc.

990 • Fiscal year 2015 • EIN 04-2867671

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 16, 2016

Organization ProfileWWW.PINCUSION.COM
30 Green StAshland, MA 01721

(781) 444-4820

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.46x

Higher debt load relative to assets than 77% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

60th percentile

0.18x

Higher debt load relative to revenue than 60% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

52nd percentile

3.3%

Higher net margin than 52% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

77th percentile

$120,000

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

25th percentile

-4.2%

Faster asset growth than 25% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

39th percentile

-0.2%

Faster revenue growth than 39% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$664,535

Down $29,364 (-4.2%) from 2014

Net Assets

Up

$362,003

Up $55,870 (+18%) from 2014

Liabilities

Down

$302,532

Down $85,234 (-22%) from 2014

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin52nd percentile

Revenue

Down

$1,676,114

Down $2,631 (-0.2%) from 2014

Expenses

Up

$1,620,244

Up $42,777 (+2.7%) from 2014

Net Income

Down

$55,870

Down $45,408 (-45%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2010: $508,699Liabilities 2010: $506,234Net Assets 2010: $2,4652010Assets 2011: $577,248Liabilities 2011: $519,612Net Assets 2011: $57,6362011Assets 2012: $526,077Liabilities 2012: $391,212Net Assets 2012: $134,8652012Assets 2013: $592,331Liabilities 2013: $387,476Net Assets 2013: $204,8552013Assets 2014: $693,899Liabilities 2014: $387,766Net Assets 2014: $306,1332014Assets 2015: $664,535Liabilities 2015: $302,532Net Assets 2015: $362,0032015Assets 2016: $476,633Liabilities 2016: $145,831Net Assets 2016: $330,8022016Assets 2017: $317,849Liabilities 2017: $98,354Net Assets 2017: $219,4952017Assets 2018: $293,647Liabilities 2018: $134,066Net Assets 2018: $159,5812018Assets 2019: $270,678Liabilities 2019: $76,036Net Assets 2019: $194,6422019Assets 2020: $380,040Liabilities 2020: $190,811Net Assets 2020: $189,2292020Assets 2021: $429,673Liabilities 2021: $281,893Net Assets 2021: $147,7802021Assets 2022: $521,855Liabilities 2022: $232,613Net Assets 2022: $289,2422022Assets 2023: $533,253Liabilities 2023: $97,245Net Assets 2023: $436,0082023Assets 2024: $498,885Liabilities 2024: $168,407Net Assets 2024: $330,4782024

Highlighted filing

2015

Assets$664,535
Liabilities$302,532
Net Assets$362,003
Open 2015 Filing

Operations Trend

Revenue Growth39th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,368,5802010Revenue 2011: $1,511,724Expenses 2011: $1,456,553Net Income 2011: $55,1712011Expenses 2012: $1,618,7282012Revenue 2013: $1,650,619Expenses 2013: $1,580,629Net Income 2013: $69,9902013Revenue 2014: $1,678,745Expenses 2014: $1,577,467Net Income 2014: $101,2782014Revenue 2015: $1,676,114Expenses 2015: $1,620,244Net Income 2015: $55,8702015Revenue 2016: $1,352,413Expenses 2016: $1,383,615Net Income 2016: -$31,2022016Revenue 2017: $959,707Expenses 2017: $1,071,014Net Income 2017: -$111,3072017Revenue 2018: $812,804Expenses 2018: $873,423Net Income 2018: -$60,6192018Revenue 2019: $887,048Expenses 2019: $851,987Net Income 2019: $35,0612019Revenue 2020: $811,350Expenses 2020: $816,763Net Income 2020: -$5,4132020Revenue 2021: $811,321Expenses 2021: $866,107Net Income 2021: -$54,7862021Revenue 2022: $1,272,654Expenses 2022: $1,131,192Net Income 2022: $141,4622022Revenue 2023: $1,267,055Expenses 2023: $1,117,140Net Income 2023: $149,9152023Revenue 2024: $950,884Expenses 2024: $1,031,788Net Income 2024: -$80,9042024

Highlighted filing

2015

Revenue$1,676,114
Expenses$1,620,244
Net Income$55,870
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 16, 2016
Return Version
2014v6.0
Gross Receipts
$1,676,114
Mission and Program Overview

Mission

Provide preschool elementary education in the montessori method to approximately 100 students per year

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$453,095$430,105▼ $22,990
Land, Buildings, and Equipment, Net$212,788$203,632▼ $9,156
Receivables From Officers Etc$14,426$24,426▲ $10,000
Prepaid Expenses and Deferred Charges$8,248$4,206▼ $4,042
Accounts Receivable-$2,166-
Total Assets$693,899$664,535▼ $29,364
Other Assets Total$5,342--
Liabilities
Deferred Revenue$360,184$294,129▼ $66,055
Accounts Payable and Accrued Expenses$27,582$8,403▼ $19,179
Total Liabilities$387,766$302,532▼ $85,234
Net Assets / Fund Balance
Unrestricted Net Assets$306,133$362,003▲ $55,870
Total Net Assets Fund Balance$306,133$362,003▲ $55,870
Total Liabilities and Net Assets / Fund Balance$693,899$664,535▼ $29,364

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$143,572$149,696$293,268
Other Land Buildings$57,835$89,311$147,146
Equipment$2,225$53,968$56,193
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Christine KovagoPresidentFT$120,000$120,000
Agoston KovagoClerk-$93,575$93,575
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,675,558
Investment Income
$506
Other Revenue
$50
Change in Net Assets
$55,870

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,676,114
Total Revenue per Audited Statements
$1,676,114
Total Revenue per Form 990
$1,676,114
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,106,387
Other Expenses$513,857
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$747,444--$747,444
Current Officers, Directors, Trustees, and Key Employees-$213,575-$213,575
Occupancy$109,872$28,557-$138,429
Payroll Taxes$67,168$16,791-$83,959
Other Employee Benefits$49,128$12,281-$61,409
All Other Expenses$14,692$36,049-$50,741
Other Expenses$31,661$24,038-$24,038
Depreciation Depletion$18,287$2,733-$21,020
Fees for Services Other$20,400--$20,400
Travel-$17,084-$17,084
Office Expenses-$11,097-$11,097
Advertising-$2,816-$2,816
Total Functional Expenses$1,124,562$495,682$0$1,620,244

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,620,244
Total Expenses per Audited Statements$1,620,244
Total Expenses per Form 990$1,620,244
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-OfficerWagesNo$120,000
-Clerk/managerWagesNo$93,575
-Clerk/managerLoan ReceivableNo$24,426

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$14,426$24,426▲ $10,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Christine kovago christine kovago president president president agoston kovago agoston kovago clerk/manage clerk/manage clerk/manager”

Form 990, Page 6, Part VI, Line 11B

“Officers review form 990 before it is filed.”

Form 990, Page 6, Part VI, Line 19

“The organization is wholly supported by tuition and program service revenue and does not make governing documents, conflicts of interest policy and financial statements available to the general public.”

Filing and Contact Details

Filer

Filer Name
Kovago Developmental Foundation
EIN
04-2867671
Phone
7814444820
Address
30 GREEN ST, ASHLAND, MA 01721

Signing Officer

Name
Christine Kovago
Title
President
Phone
7814444820
Signed
2016-02-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christine Kovago
Formed
1988
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
1
Employees
37

Preparer

Firm
Weiss & Associates Inc
Address
3 ALLIED DR STE 303, DEDHAM, MA 02026
Preparer
Robert a Weiss CPA
Phone
7814444820
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Provided preschool elementary education in the montessori method to”

Raw XML Appendix349 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0PERSONAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt04426
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0AGOSTON KOVAGO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0CLERK/MANAGER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt024426
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDED PRESCHOOL ELEMENTARY EDUCATION IN THE MONTESSORI METHOD TO
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CHRISTINE KOVAGO CHRISTINE KOVAGO PRESIDENT PRESIDENT PRESIDENT AGOSTON KOVAGO AGOSTON KOVAGO CLERK/MANAGE CLERK/MANAGE CLERK/MANAGER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS REVIEW FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION IS WHOLLY SUPPORTED BY TUITION AND PROGRAM SERVICE REVENUE AND DOES NOT MAKE GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0693899
IRS990/TotalAssetsEOYAmt0664535
IRS990/TotalAssetsGrp/BOYAmt0693899
IRS990/TotalAssetsGrp/EOYAmt0664535
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt037
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0495682
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01124562
IRS990/TotalFunctionalExpensesGrp/TotalAmt01620244
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0387766
IRS990/TotalLiabilitiesEOYAmt0302532
IRS990/TotalLiabilitiesGrp/BOYAmt0387766
IRS990/TotalLiabilitiesGrp/EOYAmt0302532
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0306133
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0362003
IRS990/TotalOtherProgSrvcExpenseAmt011377
IRS990/TotalProgramServiceExpensesAmt01124562
IRS990/TotalProgramServiceRevenueAmt01675558
IRS990/TotalReportableCompFromOrgAmt0213575
IRS990/TotalRevenueGrp/ExclusionAmt0506
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01675608
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01676114
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0693899
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0664535
IRS990/TravelGrp/ManagementAndGeneralAmt017084
IRS990/TravelGrp/TotalAmt017084
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0306133
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0362003
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03 OLD LAXFIELD ROAD
IRS990/USAddress/CityNm0SHREWSBURY
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001545
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt01
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRISTINE KOVAGO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07814444820
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KOVAGO DEVELOPMENTAL FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0KOVA
ReturnHeader/Filer/EIN0042867671
ReturnHeader/Filer/PhoneNum07814444820
ReturnHeader/Filer/USAddress/AddressLine1Txt030 GREEN ST
ReturnHeader/Filer/USAddress/CityNm0ASHLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001721
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0204532732
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WEISS & ASSOCIATES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03 ALLIED DR STE 303
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DEDHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002026
ReturnHeader/PreparerPersonGrp/PhoneNum07814444820
ReturnHeader/PreparerPersonGrp/PreparationDt02016-03-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT A WEISS CPA
ReturnHeader/ReturnTs02016-03-03T15:03:55-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$664,535
Liabilities
$302,532
Net assets
$362,003
Revenue
$1,676,114
Expenses
$1,620,244
Net income
$55,870
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.50$0.17$0.33$0.95$1.03$0.08
2023Detailed filing. Detailed filing data is available for this year.$0.53$0.10$0.44$1.27$1.12$0.15
2022Detailed filing. Detailed filing data is available for this year.$0.52$0.23$0.29$1.27$1.13$0.14
2021Detailed filing. Detailed filing data is available for this year.$0.43$0.28$0.15$0.81$0.87$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.38$0.19$0.19$0.81$0.82$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.27$0.08$0.19$0.89$0.85$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.29$0.13$0.16$0.81$0.87$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.32$0.10$0.22$0.96$1.07$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.48$0.15$0.33$1.35$1.38$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.66$0.30$0.36$1.68$1.62$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.69$0.39$0.31$1.68$1.58$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.39$0.20$1.65$1.58$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.39$0.13$1.62
2011Summary only. Only limited summary data is available for this year.$0.58$0.52$0.06$1.51$1.46$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.51$0.00$1.37