Covenant House

“The form 990 is prepared by a nationally renowned accounting firm in conjunction with the organization's financial department. A copy of the draft form 990 is presented to the audit committee of the board and once approved; it is distributed to the entire board prior to its filing with the internal revenue service.”

“The organization requires annual disclosure and affirmation of the conflict of interest policy by all officers, directors and key employees, which is monitored annually by the board's audit committee. The disclosure statement required each officer, director, and key employee to disclose any business or personal interests, direct or indirect, that the person may have in an organization that completes with or does business with covenant house international (chi) or any other organization business/ agency affiliated with chi. If a conflict is determined to exist, it must be reported and addressed to the satisfaction of the organization. Any other person having a conflict, and attending said meeting, shall retire from the room in which the board or committee is meeting and shall not participate in the final deliberations or decisions regarding the matter under consideration. Any interested director shall also abstain during such vote. The minutes of the meeting of the board or committee shall reflect that the conflict of interest was disclosed and that the interested person was not present during the final discussion or vote and did not vote.”

“The president/ceo's, other officers', and key employees' compensation are determined by the executive committee acting as the compensation committee working in conjunction with comparability data such as salary surveys with similarly sized non-profits. Periodically the organization hires an independent consultant to review comparable salaries for the president/ceo, other officers and key employees. Generally the board evaluates compensation annually. The determination is based on the performance evaluation that factors into account effectiveness, performance, and achievement of goals. Records of executive committee's compensation decisions are written by the board chair and maintained in the president's folder - human resources department record. This process was last undertaken in 2024.”

“Covenant house makes its form 990 available for public inspection upon request and on the organization's website www.covenanthouse.org. Covenant house makes its form 1023, governing documents, conflict of interest policy and financial statments available for public inspection upon request and at management's discretion.”

“In 34 cities across five countries, covenant house builds bridges to hope for young people facing homelessness and survivors of human trafficking. We meet their immediate needs for food, clothing, protection, and medical care; support them to advance their goals of education and employment; and offer homelessness prevention and aftercare services to reduce the risk of a young person becoming homeless in the first place and the likeliness of recurring homelessness. Covenant house encompasses a robust network of "houses," with best-in-class services and a shared commitment to unconditional love, absolute respect, and relentless support for each young person who comes to our doors. Founded as a drop-in center in new york city in 1972, covenant house now serves tens of thousands of children and youth every year in our residential, outreach, drop-in, prevention, and aftercare programs. Our dedicated staff across the united states, guatemala, honduras, mexico, and canada employ a strength-based, trauma-informed program model that helps young people discover and develop their power to overcome adversity now and into the future. Our north star is to end youth homelessness as we know it today. Young people arrive at covenant house with an array of lived experiences, including foster care, family trauma, substance use, mental health issues, domestic violence, sexual abuse, displacement, and human trafficking. Youth may come to us scarred by anti-lgbtq+ discrimination and violence, or as parents of small children, or pregnant. Our staff meet them where they are, help them stabilize their situation, and accompany them, through our high-quality services, on their journey to wholeness and independence.”

“Pension related activities 2,574,086. Change in value of split interest agreements 296,180. Change in value of beneficial interest in trust 275,147. Write-off of pledge receivables -114,803.”

“The process for selecting an independent accountant and establishing a committee that assumes responsibility for oversight of the audit has not changed from prior years.”