Civic Intelligence

Kovago Developmental Foundation Inc.

990 • Fiscal year 2016 • EIN 04-2867671

Jul 01, 2015 to Jun 30, 2016 • Filed on Apr 17, 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

69th percentile

0.31x

Higher debt load relative to assets than 69% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

50th percentile

0.11x

Higher debt load relative to revenue than 50% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

35th percentile

-2.3%

Higher net margin than 35% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

76th percentile

$120,000

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

4th percentile

-28%

Faster asset growth than 4% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

16th percentile

-19%

Faster revenue growth than 16% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets69th percentile

Assets

Down

$476,633

Down $187,902 (-28%) from 2015

Net Assets

Down

$330,802

Down $31,201 (-8.6%) from 2015

Liabilities

Down

$145,831

Down $156,701 (-52%) from 2015

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin35th percentile

Revenue

Down

$1,352,413

Down $323,701 (-19%) from 2015

Expenses

Down

$1,383,615

Down $236,629 (-15%) from 2015

Net Income

Down

-$31,202

Down $87,072 (-156%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth4th 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

2016

Assets$476,633
Liabilities$145,831
Net Assets$330,802
Open 2016 Filing

Operations Trend

Revenue Growth16th 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

2016

Revenue$1,352,413
Expenses$1,383,615
Net Income-$31,202
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Apr 17, 2016
Return Version
2015v3.0
Gross Receipts
$1,352,413
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$430,105$250,214▼ $179,891
Land, Buildings, and Equipment, Net$203,632$188,863▼ $14,769
Accounts Receivable$2,166$9,828▲ $7,662
Prepaid Expenses and Deferred Charges$4,206$3,303▼ $903
Total Assets$664,534$476,633▼ $187,901
Other Assets Total$24,425$24,425→ $0
Liabilities
Deferred Revenue$294,129$135,715▼ $158,414
Accounts Payable and Accrued Expenses$8,401$10,116▲ $1,715
Total Liabilities$302,530$145,831▼ $156,699
Net Assets / Fund Balance
Unrestricted Net Assets$362,004$330,802▼ $31,202
Total Net Assets Fund Balance$362,004$330,802▼ $31,202
Total Liabilities and Net Assets / Fund Balance$664,534$476,633▼ $187,901

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$135,212$158,056$293,268
Other Land Buildings$52,052$100,436$152,488
Equipment$1,599$54,594$56,193
Other Assets Org$24,425--
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Christine KovagoPresidentFT$120,000$120,000
Agoston KovagoClerkFT$50,000$50,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,351,843
Investment Income
$520
Other Revenue
$50
Change in Net Assets
$-31,202

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,352,413
Total Revenue per Audited Statements
$1,352,413
Total Revenue per Form 990
$1,352,413
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$984,031
Other Expenses$399,584
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$680,697$169,999-$850,696
Occupancy$109,708$41,257-$150,965
Payroll Taxes$56,363$14,091-$70,454
Other Employee Benefits$50,305$12,576-$62,881
All Other Expenses$15,798$29,500-$45,298
Other Expenses$22,670$18,999-$18,999
Depreciation Depletion$14,284$2,315-$16,599
Travel-$9,187-$9,187
Office Expenses-$8,851-$8,851
Fees for Services Other$6,550--$6,550
Advertising-$3,166-$3,166
Total Functional Expenses$1,018,005$365,610$0$1,383,615

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,383,615
Total Expenses per Audited Statements$1,383,615
Total Expenses per Form 990$1,383,615
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$50,000
-OfficerLoan ReceivableNo$24,426
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
2016-04-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Agoston Kovago
Formed
1988
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
1
Employees
32

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 Appendix339 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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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.
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ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$476,633
Liabilities
$145,831
Net assets
$330,802
Revenue
$1,352,413
Expenses
$1,383,615
Net income
-$31,202
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