Civic Intelligence

Kovago Developmental Foundation Inc.

990 • Fiscal year 2017 • EIN 04-2867671

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2017

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

78th percentile

0.31x

Higher debt load relative to assets than 78% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

66th percentile

0.10x

Higher debt load relative to revenue than 66% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

19th percentile

-12%

Higher net margin than 19% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

5th percentile

-33%

Faster asset growth than 5% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

9th percentile

-29%

Faster revenue growth than 9% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$317,849

Down $158,784 (-33%) from 2016

Net Assets

Down

$219,495

Down $111,307 (-34%) from 2016

Liabilities

Down

$98,354

Down $47,477 (-33%) from 2016

Revenue

Down

$959,707

Down $392,706 (-29%) from 2016

Expenses

Down

$1,071,014

Down $312,601 (-23%) from 2016

Net Income

Down

-$111,307

Down $80,105 (-257%) from 2016

Historical Trend

Balance Sheet Trend

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

2017

Assets$317,849
Liabilities$98,354
Net Assets$219,495

Operations Trend

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

2017

Revenue$959,707
Expenses$1,071,014
Net Income-$111,307
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2017
Return Version
2016v3.1
Gross Receipts
$959,707
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$188,863$172,402▼ $16,461
Cash and Non-Interest-Bearing Accounts$250,214$113,680▼ $136,534
Prepaid Expenses and Deferred Charges$3,303$4,206▲ $903
Accounts Receivable$9,828$3,136▼ $6,692
Total Assets$476,633$317,849▼ $158,784
Other Assets Total$24,425$24,425→ $0
Liabilities
Deferred Revenue$135,715$96,532▼ $39,183
Accounts Payable and Accrued Expenses$10,116$1,822▼ $8,294
Total Liabilities$145,831$98,354▼ $47,477
Net Assets / Fund Balance
Unrestricted Net Assets$330,802$219,495▼ $111,307
Total Net Assets Fund Balance$330,802$219,495▼ $111,307
Total Liabilities and Net Assets / Fund Balance$476,633$317,849▼ $158,784

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$126,864$166,404$293,268
Other Land Buildings$44,565$107,923$152,488
Equipment$973$55,220$56,193
Other Assets Org$24,425--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Christine KovagoPresidentFT$101,538$101,538
Agoston KovagoClerkFT$38,462$38,462
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$959,502
Investment Income
$180
Other Revenue
$25
Change in Net Assets
$-111,307

Audited Revenue Reconciliation

Revenue per Audited Statements
$959,707
Total Revenue per Audited Statements
$959,707
Total Revenue per Form 990
$959,707
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$813,634
Other Expenses$257,380
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$554,243--$554,243
Current Officers, Directors, Trustees, and Key Employees$140,000--$140,000
Occupancy$79,788$21,985-$101,773
Other Employee Benefits$47,801$11,960-$59,761
Payroll Taxes$48,582$11,048-$59,630
All Other Expenses$11,374$15,938-$27,312
Depreciation Depletion$13,779$2,682-$16,461
Other Expenses$15,741$15,563-$15,563
Fees for Services Other$8,240--$8,240
Travel-$3,107-$3,107
Office Expenses-$1,554-$1,554
Total Functional Expenses$961,644$109,370$0$1,071,014

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,071,014
Total Expenses per Audited Statements$1,071,014
Total Expenses per Form 990$1,071,014
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
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
Agoston Kovago
Title
Clerk
Phone
7814444820
Signed
2017-05-15
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
25

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

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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/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0476633
IRS990/TotalAssetsEOYAmt0317849
IRS990/TotalAssetsGrp/BOYAmt0476633
IRS990/TotalAssetsGrp/EOYAmt0317849
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt025
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0109370
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0961644
IRS990/TotalFunctionalExpensesGrp/TotalAmt01071014
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0145831
IRS990/TotalLiabilitiesEOYAmt098354
IRS990/TotalLiabilitiesGrp/BOYAmt0145831
IRS990/TotalLiabilitiesGrp/EOYAmt098354
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0330802
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0219495
IRS990/TotalOtherProgSrvcExpenseAmt0147321
IRS990/TotalOtherProgSrvcRevenueAmt0959502
IRS990/TotalProgramServiceExpensesAmt0961644
IRS990/TotalProgramServiceRevenueAmt0959502
IRS990/TotalReportableCompFromOrgAmt0140000
IRS990/TotalRevenueGrp/ExclusionAmt0180
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0959527
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0959707
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0476633
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0317849
IRS990/TravelGrp/ManagementAndGeneralAmt03107
IRS990/TravelGrp/TotalAmt03107
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0330802
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0219495
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03 OLD LAX FIELD RD
IRS990/USAddress/CityNm0SHREWSBURY
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001545
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0WWW.PINCUSION.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0AGOSTON KOVAGO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CLERK
ReturnHeader/BusinessOfficerGrp/PhoneNum07814444820
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-15
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0AD8953EF485D791938F33D44A02E626836BC4014
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AD8953EF485D791938F33D44A02E626836BC4014
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/PreparationDt02018-04-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT A WEISS CPA
ReturnHeader/ReturnTs02018-05-07T11:51:47-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

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