Overview
What is The Cove - Heart Of Texas Inc?
The Cove - Heart Of Texas Inc is a nonprofit organization situated in Waco, Texas. With a focus on charitable and educational purposes, they aim to support unaccompanied homeless youth and their families, providing them with a secure and nurturing environment. Their mission is to help these individuals achieve academic, social, and career development, ultimately enabling them to thrive as young adults. Their team comprises 14 dedicated individuals who work tirelessly towards this goal. They offer a safe haven where youth experiencing homelessness can find solace and opportunities for growth.
Official website here: www.thecovewaco.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating). The Cove - Heart Of Texas Inc demonstrates solid performance with an overall score that reflects its strong accountability and community engagement. The organization benefits from a fully independent board and shows no material diversion of assets, indicating a high level of financial integrity and governance.
Strengths include a high Culture & Community score of 93 and excellent constituent feedback practices, scoring 100 in feedback collection, usage, and overall practices. The program expense ratio of 66.81% suggests that a significant portion of its budget is allocated to direct program services, which is a positive indicator for donors looking to support effective initiatives.
However, there are some areas for improvement. The absence of a whistleblower policy and a document retention and destruction policy were noted, both of which received a score of zero. Addressing these gaps could enhance the transparency and accountability of the organization further, ensuring it maintains a strong reputation among its supporters.
This AI summary has been generated from information found on Charity Navigator.
Is The Cove - Heart Of Texas Inc legitimate?
The Cove - Heart Of Texas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cove - Heart Of Texas 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: $389,254
For more financial information, click here
Official website here: www.thecovewaco.org
What is the mission statement of The Cove - Heart Of Texas Inc?
The Cove - Heart of Texas Inc's mission is centered around providing charitable and educational support for homeless in-school youth and their families. Their primary goal is to offer a safe and nurturing environment for unaccompanied homeless youth and their families, aiming to help them achieve academic, social, and career development. This holistic approach positions them to thrive as young adults. The organization's objective is to ensure these youth can overcome their circumstances and build successful futures.
Official website here: www.thecovewaco.org
Who is the CEO of The Cove - Heart Of Texas Inc?
Timothy Packer is the Board Member of The Cove - Heart Of Texas Inc.
Official website here: www.thecovewaco.org
What is the revenue of The Cove - Heart Of Texas Inc?
The Cove - Heart Of Texas Inc's revenue in 2022 was $795,608.
Official website here: www.thecovewaco.org
Who are the executives of The Cove - Heart Of Texas Inc and what are their salaries?
The average compensation at The Cove - Heart Of Texas Inc during 2022 was $27,804. There are 14 employees and 89 volunteers at The Cove - Heart Of Texas Inc.
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Official website here: www.thecovewaco.org
Where can I find the form 990 for The Cove - Heart Of Texas Inc?
The Cove - Heart Of Texas Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thecovewaco.org
Learn more at the official website: www.thecovewaco.org
Mission Statement of The Cove - Heart Of Texas Inc
The Cove - Heart of Texas Inc is dedicated to providing a safe and nurturing environment for homeless youth and their families. Their mission is rooted in charitable and educational purposes, aiming to support these individuals in achieving academic, social, and career development. By offering a secure space, The Cove seeks to position these young individuals to thrive as young adults, ultimately helping them overcome their homelessness. Their goal is to provide the necessary resources and support to empower these youth, enabling them to reach their full potential.
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Impact
July, 2024
The Cove - Heart Of Texas Inc provides a safe place and nurturing environment for unaccompanied homeless youth and their families in Waco, TX. They focus on academic, social, and career development to help these youth thrive as young adults.
This information is meant to be a general summary of The Cove - Heart Of Texas 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.
- Investment Income: $416
- Gross Receipts: $795,945
Assets and Liabilities:
- Total Assets: $923,139
- Total Liabilities: $55,423
- Net Assets: $867,716
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Organization Details
Founding Year
2015
Phone
(254) 224-6095Principal Officer
Timothy Packer
Main Address
PO BOX 1956, WACO, TX, 76703
Website
www.thecovewaco.orgNTEE Category
Code: B90 - Education
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