Corvesta Inc in Roanoke, Virginia (VA)

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Corvesta Inc
Employer Identification Number (EIN)205945158
Name of OrganizationCorvesta Inc
In Care of NameGeorge A Levicki President
Address4818 Starkey Rd, Roanoke, VA 24018-8510
SubsectionCivic League
Ruling Date08/2007
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$10,000,000 to $49,999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$31,079,525
Amount of Income$124,347
Form 990 Revenue Amount$-3,059,342
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Single Organization Support


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Amount of income in 2011: $124,347 (it was $386,934 in 2010)
This organization: 

 $124,347
Other organizations performing similar types of work: 

 $334,592

Assets in 2011: $31,079,525 (it was $25,058,645 in 2010)
Corvesta Inc: 

 $31,079,525
Other organizations performing similar types of work: 

 $569,972

Financial snapshot ($)

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$-3,059,342
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$124,347
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net loss from sales of assets other than inventory$-3,183,689
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $0
Less: cost or other basis and sales expenses (Securities / Other)$3,183,689 / $0
Gain or (loss) (Securities / Other)$-3,183,689 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$245,570
Compensation of current officers, directors, trustees, and key employees$21,994
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$223,576
Balance Sheet (for 2011)
Total assets$31,079,525
Total liabilities$7,019,603
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$7,019,603
Total net assets or fund balances$24,059,922
Retained earnings, endowment, accumulated income, or other funds$24,059,922
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Childrens Hospital Pittsburgh Foundation4401 Penn Avenue Central Plant No, Pittsburgh, PA 15224PA2001-04$360,099,774
2Georgia Tech Research Corporation505 10th St Nw, Atlanta, GA 30318-5775GA1947-10$350,753,933
3W I Cook Foundation Inc, Cook Childrens Health Foundation801 7th Ave, Fort Worth, TX 76104-2733TX1985-10$319,724,265
4Georgia Tech Applied Research Corporation505 10th St Nw, Atlanta, GA 30318-5775GA1999-04$239,248,685
5Five Pointe Professional Liability Insurance Company1105 N Market St, Wilmington, DE 19801-1216DE2006-01$115,331,961
6Primary Childrens Medical Center Foundation100 Mario Capecchi Dr, Salt Lake Cty, UT 84113-1103UT1989-09$79,785,766
7The Foundation For Barnes-Jewish Hospital1001 Hghlnds Pz Dr W Ste 140, Saint Louis, MO 63110-1339MO1993-09$78,914,715
8Gshs Administrative Services Organization Inc700 E Marshall Ave, Longview, TX 75601-5580TX2006-12$46,029,242
9Childrens Medical Foundation Of Texas1935 Medical District Dr, Dallas, TX 75235-7701TX1986-09$38,546,570
10Otey Johnson Foundation3650 Chickasaw Blvd, Ardmore, OK 73401-1050OK2011-05$32,854,415
11Presbyterian Healthcare FoundationPO BOX 26666, Albuquerque, NM 87125-6666NM1968-01$32,362,074
12Concordia Lutheran Ministriesfoundation134 Marwood Rd, Cabot, PA 16023-2206PA2006-12$31,566,130
13Baystate Health Foundation Inc759 Chestnut St, Springfield, MA 01199-1001MA2001-03$28,618,393
14Carle Community Health Corporation611 West Park Street, Urbana, IL 61801-2500IL2001-11$28,150,407
15Childrens Hospital And Healthcare Services Foundation2924 Brook Rd, Richmond, VA 23220-1215VA1978-02$24,842,547
16St Joseph Healthcare System Inc, St Josephs Hosp & Med Ctr Fndn Inc703 Main St, Paterson, NJ 07503-2621NJ2009-06$23,111,707
17Kapiolani Health Foundation55 Merchant St Fl 24, Honolulu, HI 96813-4333HI1986-10$22,606,293
18Palm Healthcare Foundation Inc1016 N Dixie Hwy, West Palm Beach, FL 33401-3304FL1984-09$21,158,931
19Midwest Medical Center1 Medical Center Dr, Galena, IL 61036-8118IL2006-08$18,896,755
20Mills-Peninsula Hospital Foundation1501 Trousdale Dr, Burlingame, CA 94010-4506CA1973-09$17,460,712
21Akron General Foundation400 Wabash Ave, Akron, OH 44307-2433OH1974-01$13,494,203
22Community Memorial Foundation125 Buena Vista Cir, South Hill, VA 23970-1431VA2002-06$3,151,264
23Positive Vibe Foundation2825 Hathaway Rd, Richmond, VA 23225-1725VA2002-07$866,681
24Fauquier Health Foundation500 Hospital Dr, Warrenton, VA 20186-3027VA2004-02$774,701
25Sentara Princess Anne Hospital Auxiliary Inc2025 Glenn Mitchell Dr, Virginia Bch, VA 23456-0178VA1999-12$184,238
26Corvesta Inc4818 Starkey Rd, Roanoke, VA 24018-8510VA2007-08$124,347
27Chori-Ames Supporting Foundation2325 Dulles Corner Blvd Ste 670, Herndon, VA 20171-4683VA2001-07$82,500
28Bath County Community Hospital FoundationPO BOX Z, Hot Springs, VA 24445-0750VA2003-02$38,715
29Endowment In Support Of Tarusa Hospital9302 Lee Highway Suite 1100, Fairfax, VA 22031VA2005-10$19,708
30Highland Medical Center FoundationPO BOX 490, Monterey, VA 24465-0490VA2006-07$1,749
Number of organizations performing similar types of work
Alaska1
Alabama8
Arkansas10
Arizona9
California53
Colorado22
Connecticut9
District of Columbia14
Delaware1
Florida32
Georgia18
Hawaii8
Iowa9
Idaho4
Illinois40
Indiana13
Kansas11
Kentucky7
Louisiana14
Massachusetts25
Maryland12
Maine2
Michigan17
Minnesota18
Missouri17
Mississippi11
Montana4
North Carolina11
North Dakota3
Nebraska11
New Hampshire10
New Jersey9
New Mexico7
Nevada6
New York45
Ohio28
Oklahoma14
Oregon8
Pennsylvania42
Rhode Island5
South Carolina8
South Dakota4
Tennessee5
Texas61
Utah2
Virginia19
Vermont3
Washington21
Wisconsin15
West Virginia7
Wyoming2
International1
Total736

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