COVE ANIMAL RESCUE CORPORATION

EIN: 472487205 501(c)(3) Animal-Related

GLEN COVE, NY

Total Revenue
$444,436
Total Expenses
$376,922
Total Assets
$126,743
Net Assets
$117,314
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NY
Principal Officer
JANINE FAKIRIS
Phone
5166765913
Tax Period
2024-01-01 to 2024-12-31

COVE ANIMAL RESCUE CORPORATION, founded in 2014, is a small nonprofit in the Animal-Related sector that reported $444K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $68K, a strong 15% operating margin.

Mission

OUR MISSION IS TO INCREASE THE ADOPTABILITY OF HOMELESS DOGS AND CATS THROUGH TRAINING, SOCIALIZATION, AND IMPROVED SURROUNDINGS THAT FACILITATE TRANSITION TO A HOME ENVIRONMENT. TOWARDS THAT END, THE ORGANIZATION OPERATES A NO-KILL NO-CAGE ENVIRONMENT TO HELP ELIMINATE THE FEAR AND STRESSES THAT MAKE AN ANIMAL DIFFICULT TO PRESENT FOR ADOPTION, AND DIFFICULT TO TRANSITION TO A HOME ENVIRONMENT. AS AN ADDED INCENTIVE FOR ADOPTIONS THE ORGANIZATION MAKES FREE BOARDING SERVICES AVAILABLE TO PET OWNERS WHO ADOPTED FROM THE ORGANIZATION.

Program Service Accomplishments

Program 1
Expenses: $308,243

TO PROVIDE AN ANIMAL SHELTER FOR HOMELESS DOGS AND CATS, PROMOTE ANIMAL ADOPTIONS, ORGANIZE A TRAP,NEUTER AND RELEASE PROGRAM AND ADVANCE THE HIGHEST STANDARDS IN ANIMAL WELFARE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $410,594
Program Service Revenue $0
Investment Income $3
Other Revenue $33,839
TOTAL REVENUE $444,436

Expense Breakdown

Grants Paid $0
Salaries & Benefits $250,216
Fundraising Expenses $0
Program Expenses $308,243
Other Expenses $126,706
TOTAL EXPENSES $376,922

Year-over-Year Comparison

2024 2023 Change
Revenue $444,436 $478,797 -0.1%
Expenses $376,922 $324,262 +0.2%
Net Income $67,514 $154,535 -0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
11
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$26,612
Total Directors
6
$26,612
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAYNA CONNOLLY BOARD MEMBER 2.00
Director
$0 $0 $0
ALEX PAPPAS BOARD MEMBER 2.00
Director
$0 $0 $0
YELENA KHARCHEVKA JANOCIC BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL LABBATE BOARD MEMBER 2.00
Director
$0 $0 $0
BRIAN GLENNON SECRETARY 2.00
Director
$0 $0 $0
KATHLEEN NORCIA EXECUTIVE DIRECTOR 40.00
Officer Director
$26,612 $0 $26,612
JANINE FAKARIS PRESIDENT 20.00
Officer
$0 $0 $0
STEPHAN GEIRINGER TREASURER 10.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $444,436 $376,922 $126,743 $67,514
2023 $478,797 $324,262 $155,444 $154,535
2022 $375,369 $347,231 $87,582 $28,138
2021 $335,999 $402,585 $143,791 $-66,586
2020 $367,758 $401,966 $299,068 $-34,208
2019 $389,254 $381,073 $425,139 $8,181
2018 $324,876 $457,332 $497,959 $-132,456
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