Overview
What is The Cove Center Inc?
The Cove Center Inc, located at 610 Manton Avenue, Providence, Rhode Island 02909, is a nonprofit organization dedicated to offering therapeutic, vocational, and developmental day and residential treatment programs. Their primary focus is on individuals aged 21 and older, who are diagnosed with autism and other pervasive developmental disabilities. The mission of The Cove Center Inc is to provide comprehensive treatment services within the Rhode Island area, aiming to improve the lives and capabilities of their clients. With a workforce of 174 individuals, they strive to create an inclusive environment that supports the growth and development of those in need.
Official website here: www.covecenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Cove Center Inc has demonstrated exceptional performance, earning a Four-Star rating from Charity Navigator, which emphasizes its strong accountability and financial health. With a perfect score of 100% in Accountability & Finance, the organization is recognized for having a highly independent board, all of whom are well-versed in governance practices. Furthermore, the charity maintains rigorous financial practices, including transparent audits and comprehensive policies related to conflict of interest and whistleblowing.
The financial efficiency of The Cove Center Inc is notable, as 96.66% of its expenses are directed towards program services. This high program expense ratio indicates that the majority of the charity's resources are focused on fulfilling its mission, which is a positive sign for donors and stakeholders. The organization also has a healthy liabilities-to-assets ratio of 34.40%, suggesting solid financial management and sustainability.
While the organization has a well-structured financial framework, the salaries of its key personnel are relatively high, with the CEO earning $165,495. While this may raise concerns for some about potential salary disparities, the overall financial metrics demonstrate that The Cove Center Inc is committed to transparency and accountability in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is The Cove Center Inc legitimate?
The Cove Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cove Center Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,169,073
For more financial information, click here
Official website here: www.covecenter.org
What is the mission statement of The Cove Center Inc?
The Cove Center Inc's mission is centered around providing day and residential programs for the treatment of autism and other developmental disabilities. Their primary focus is on serving clients within their community. The organization offers therapeutic, vocational, and developmental day and residential treatment programs specifically for individuals aged 21 and above who are diagnosed with autism and other pervasive developmental disabilities. The aim is to provide comprehensive support, empowering these individuals to lead fulfilling lives.
Official website here: www.covecenter.org
Who is the CEO of The Cove Center Inc?
Grace Toe is the President of The Cove Center Inc. The CEO's salary of The Cove Center Inc is $0 and their total compensation is $176,645.
Official website here: www.covecenter.org
What is the revenue of The Cove Center Inc?
The Cove Center Inc's revenue in 2022 was $9,611,157.
Official website here: www.covecenter.org
Who are the executives of The Cove Center Inc and what are their salaries?
The average compensation at The Cove Center Inc during 2022 was $29,707. There are 174 employees and 8 volunteers at The Cove Center Inc.
Here are 10 key members and their salaries (The Cove Center Inc's CEO's salary is $0 and their total compensation is $176,645):
- Compensation: $0
- Related: $3,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $155,159
- Other: $21,486
- Compensation: $73,745
- Related: $49,858
- Other: $23,912
- Compensation: $108,334
- Related: $0
- Other: $10,954
Official website here: www.covecenter.org
Where can I find the form 990 for The Cove Center Inc?
The Cove Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.covecenter.org
Learn more at the official website: www.covecenter.org
Mission Statement of The Cove Center Inc
The Cove Center Inc is committed to providing day and residential treatment programs for individuals with autism and other developmental disabilities within the Rhode Island area. Their mission is focused on offering therapeutic vocational and developmental programs aimed at enhancing the lives of adults aged 21 and above who are diagnosed with these conditions. By providing this comprehensive care, The Cove Center Inc seeks to empower these individuals, enabling them to lead fulfilling lives and reach their full potential.
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Impact
July, 2024
The Cove Center Inc's impact is profound in the realm of human services, particularly in providing essential day and residential programs for the treatment of autism and other developmental disabilities in the Rhode Island area. By offering therapeutic vocational and developmental services for individuals aged 21 and older with autism and pervasive developmental disabilities, The Cove Center Inc is actively enhancing the quality of life for their clients. Through their mission to provide specialized care and support to those in need, The Cove Center Inc is making a significant difference in the lives of individuals with developmental disabilities within the community.
This information is meant to be a general summary of The Cove Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $9,606,157
- Gross Receipts: $9,611,157
Assets and Liabilities:
- Total Assets: $5,039,017
- Total Liabilities: $2,297,440
- Net Assets: $2,741,577
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GOVERNMENT CONTRACTS
Revenue
$8,805,625
CLIENT FEES & SSI
Revenue
$506,031
OTHER PROGRAM INCOME
Revenue
$294,501
Organization Details
Founding Year
1985
Phone
(401) 274-6310Principal Officer
Grace Toe
Main Address
610 MANTON AVENUE, PROVIDENCE, RI, 02909
Website
www.covecenter.orgNTEE Category
Code: P82 - Human services
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