Civic Intelligence

The Cove Ltd

EIN 47-3665343 • 501(c)3 • Shipshewana, IN

Profile

The primary purpose for The Cove, Ltd. is to provide a positive, enriching environment in a safe, supervised facility, reducing juvenile delinquency and preventing other negative youth activity that has a deteriorating impact on the community. Further, the facility shall encourage community involvement and collaboration.

705 N Morton StShipshewana, IN 46565
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

63rd percentile

0.15x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.51x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

71st percentile

18%

Higher net margin than 71% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

61st percentile

8.0%

Faster asset growth than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

55th percentile

9.9%

Faster revenue growth than 55% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,177,258

Up $161,623 (+8.0%) from 2023

Liabilities

Up

$337,300

Up $40,893 (+14%) from 2023

Net Assets

Up

$1,839,958

Up $120,730 (+7.0%) from 2023

Revenue

Up

$666,220

Up $60,034 (+9.9%) from 2023

Expenses

Up

$545,490

Up $69,123 (+15%) from 2023

Net Income

Down

$120,730

Down $9,089 (-7.0%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2015: $1,013,421Liabilities 2015: $138,687Net Assets 2015: $874,7342015Assets 2016: $1,128,450Liabilities 2016: $1,080Net Assets 2016: $1,127,3702016Assets 2017: $1,117,682Liabilities 2017: $0Net Assets 2017: $1,117,6822017Assets 2018: $1,354,988Liabilities 2018: $217,724Net Assets 2018: $1,137,2642018Assets 2019: $1,570,450Liabilities 2019: $284,714Net Assets 2019: $1,285,7362019Assets 2020: $1,569,677Liabilities 2020: $296,667Net Assets 2020: $1,273,0102020Assets 2021: $1,643,082Liabilities 2021: $149,823Net Assets 2021: $1,493,2592021Assets 2022: $1,821,578Liabilities 2022: $232,169Net Assets 2022: $1,589,4092022Assets 2023: $2,015,635Liabilities 2023: $296,407Net Assets 2023: $1,719,2282023Assets 2024: $2,177,258Liabilities 2024: $337,300Net Assets 2024: $1,839,9582024

Highlighted filing

2024

Assets$2,177,258
Liabilities$337,300
Net Assets$1,839,958

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2015: $936,999Expenses 2015: $62,265Net Income 2015: $874,7342015Revenue 2016: $369,033Expenses 2016: $116,397Net Income 2016: $252,6362016Revenue 2017: $117,938Expenses 2017: $127,626Net Income 2017: -$9,6882017Revenue 2018: $196,173Expenses 2018: $176,591Net Income 2018: $19,5822018Revenue 2019: $364,008Expenses 2019: $215,536Net Income 2019: $148,4722019Revenue 2020: $268,216Expenses 2020: $280,942Net Income 2020: -$12,7262020Revenue 2021: $571,512Expenses 2021: $351,263Net Income 2021: $220,2492021Revenue 2022: $528,868Expenses 2022: $432,718Net Income 2022: $96,1502022Revenue 2023: $606,186Expenses 2023: $476,367Net Income 2023: $129,8192023Revenue 2024: $666,220Expenses 2024: $545,490Net Income 2024: $120,7302024

Highlighted filing

2024

Revenue$666,220
Expenses$545,490
Net Income$120,730

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 26, 2025
Return Version
2024v5.2
Gross Receipts
$958,553
Mission and Program Overview

Mission

The primary purpose for The Cove, Ltd. is to provide a positive, enriching environment in a safe, supervised facility, reducing juvenile delinquency and preventing other negative youth activity that has a deteriorating impact on the community. Further, the facility shall encourage community involvement and collaboration.

To provide a positive, enriching environment in a safe, supervised facility, reducing juvenile delinquency and preventing other negative youth activity that has a deteriorating impact on the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,897,456$2,065,388▲ $167,932
Rtn Earn Endowment Incm Other Fnds$1,719,228$1,839,958▲ $120,730
Cash and Non-Interest-Bearing Accounts$74,727$70,177▼ $4,550
Inventories for Sale or Use$43,452$41,693▼ $1,759
Total Assets$2,015,635$2,177,258▲ $161,623
Liabilities
Mortgage Notes Payable Secured by Investment Property$289,024$331,999▲ $42,975
Other Liabilities$6,668$5,301▼ $1,367
Accounts Payable and Accrued Expenses$715--
Total Liabilities$296,407$337,300▲ $40,893
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,719,228$1,839,958▲ $120,730
Total Liabilities and Net Assets / Fund Balance$2,015,635$2,177,258▲ $161,623

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$835,017$248,605$1,083,622
Buildings$641,601$180,648$822,249
Land$460,000-$460,000
Equipment$41,760$190,479$232,239
Other Land Buildings$87,010-$87,010
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ryan MillerChairman
Stanley MillerVice-Chairman
Enos GingerichMember At Large
Lavon YoderMember At Large
Mike WingardMember At Large
Harley Lambright JrSecretary
Daryl LehmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$152,287
Program Service Revenue
$250,632
Investment Income
$0
Other Revenue
$263,301
All Other Contributions
$152,287
Change in Net Assets
$120,730
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$315,972
Salaries, Compensation, and Employee Benefits$229,518
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$213,208-$213,208
All Other Expenses$117,357--$117,357
Depreciation Depletion$111,311--$111,311
Occupancy$31,816--$31,816
Payroll Taxes-$16,310-$16,310
Interest$9,436--$9,436
Advertising$5,199--$5,199
Travel$3,813--$3,813
Other Expenses$3,019--$3,019
Office Expenses$2,991--$2,991
Insurance$2,973--$2,973
Conferences and Meetings$1,355--$1,355
Fees for Services Other$405--$405
Fees for Services Legal$160--$160
Total Functional Expenses$315,972$229,518$0$545,490
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$3,259
State payroll taxes$1,198
Federal payroll taxes$673
State sales tax$171
Local food beverage tax-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 diligently reviewed by board members and trustees prior to filing.

Form 990, Part VI, Section B, Line 12C

Policy reviewed and compliance verified at monthly board meetings.

Form 990, Part VI, Section B, Line 15A

No officers, directors, trustees, or key employees received compensation in 2024.

Form 990, Part VI, Section C, Line 19

A notice posted conspicuously near the entrance on the inside of the building indicates that governing documents, conflict of interest policy, and financial statements are available to review upon request.

Filing and Contact Details

Filer

Filer Name
The Cove Ltd
EIN
47-3665343
Phone
2603509312
Address
705 N Morton St, Shipshewana, IN 46565
Doing Business As
The Cove

Signing Officer

Name
Harley E Yoder
Title
Manager
Phone
2603509312
Signed
2025-06-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Harley E Yoder
Formed
2015
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
4
Volunteers
500

Preparer

Firm
Miller Professional Services LLC
Address
830 South Main Street Suite B, Middlebury, IN 46540
Preparer
Aaron Miller
Phone
2604990001
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Other Expenses Equipment Fuel 1440

Form 990, Part IX, Line 24E

Other Expenses Equipment Rent 14817

Form 990, Part IX, Line 24E

Other Expenses First Aid Supplies 495

Form 990, Part IX, Line 24E

Other Expenses Janitorial 3056

Form 990, Part IX, Line 24E

Other Expenses Local Food Beverage Tax 4631

Form 990, Part IX, Line 24E

Other Expenses Miscellaneous 241

Form 990, Part IX, Line 24E

Other Expenses Postage 465

Form 990, Part IX, Line 24E

Other Expenses Printing 2920

Form 990, Part IX, Line 24E

Other Expenses Small Tools 4380

Form 990, Part IX, Line 24E

Other Expenses Sports Gear 15520

Form 990, Part IX, Line 24E

Other Expenses State Sales Tax 32418

Form 990, Part IX, Line 24E

Other Expenses Tournament Winner Awards 36974

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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0674571
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0180648
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0822249
IRS990ScheduleD/EquipmentGrp/BookValueAmt041760
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0190479
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IRS990ScheduleD/LandGrp/BookValueAmt0460000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0460000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0835017
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0248605
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01083622
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt087010
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt087010
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03259
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1673
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21198
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3171
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Federal payroll taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2State payroll taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3State sales tax
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Local food beverage tax
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 diligently reviewed by board members and trustees prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Policy reviewed and compliance verified at monthly board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No officers, directors, trustees, or key employees received compensation in 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A notice posted conspicuously near the entrance on the inside of the building indicates that governing documents, conflict of interest policy, and financial statements are available to review upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Other Expenses Equipment Fuel 1440
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Other Expenses Equipment Rent 14817
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Other Expenses First Aid Supplies 495
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Other Expenses Janitorial 3056
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Other Expenses Local Food Beverage Tax 4631
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Other Expenses Miscellaneous 241
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Other Expenses Postage 465
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Other Expenses Printing 2920
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Other Expenses Small Tools 4380
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Other Expenses Sports Gear 15520
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Other Expenses State Sales Tax 32418
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Other Expenses Tournament Winner Awards 36974
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0315972
IRS990/TotalFunctionalExpensesGrp/TotalAmt0545490
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IRS990/TotalLiabilitiesEOYAmt0337300
IRS990/TotalLiabilitiesGrp/BOYAmt0296407
IRS990/TotalLiabilitiesGrp/EOYAmt0337300
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IRS990/TotalProgramServiceExpensesAmt0315972
IRS990/TotalProgramServiceRevenueAmt0250632
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0513933
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0666220
IRS990/TotalVolunteersCnt0500
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02015635
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02177258
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IRS990/TravelGrp/TotalAmt03813
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0705 N Morton St
IRS990/USAddress/CityNm0Shipshewana
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Harley E Yoder

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