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. If a conflict is determined to exist, it must be reported and addressed to the satisfaction of the organization.”

“The president/ceo's compensation is determined by the executive 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 the president's compensation annually. The determination is based on the performance evaluation that factors into account effectiveness, performance, and achievement of goals.”

“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.”

“We who recognize god's providence and fidelity to his people are dedicated to living out his covenant among ourselves and those children we serve, with absolute respect and unconditional love. That commitment calls us to serve suffering children of the street, and to protect and safeguard all children. Just as christ in his humanity is the visible sign of god's presence among his people, so our efforts together in the covenant community are a visible sign that effects the presence of god, working through the holy spirit among ourselves and our kids. Covenant house is the parent organization of eighteen affiliated organizations which operate childcare programs in six countries. Covenant house has affiliated programs in alaska, california, florida, georgia, louisiana, michigan, missouri, new jersey, new york, pennsylvania, texas, and washington, d.c. In the united states and in toronto, ontario and vancouver british columbia in canada. In addition covenant house has affiliated organizations operating in guatemala, honduras, nicaragua and mexico. During fiscal year 2014, 57,364 youth received services from one or more covenant house programs. When covenant house was incorporated in new york in 1972, its primary focus was on getting young people off the streets, where they were being drawn into drugs and prostitution, and into the safety of the crisis shelters where possibly they could be reunited with their family or relatives. Covenant house international recognizes that safety is a key component in a therapeutic community and foundational to social work practice. In response to the safety needs of our youth, chi has established child protection committee charged with creating a common core of safety practices designed to reduce risk. The committee process is driven by the needs of the youth we serve, our mission, and our programs. The safety model's conceptual framework views risk management as an interaction among specific safety concerns, the vulnerabilities of at risk youth, and the administration's capacity to shelter and protect youth proactively and respond to incidents quickly. The child protection system is an articulation that we will serve youth in a secure environment and that we will hold ourselves accountable for their safety. Youth come to us in states of crisis and providing them with a safe environment in which to heal is a fundamental part of our response to trauma and an essential practice in our field. As the agency dealt with more and more young people and opened covenant houses across the country and in canada and latin america, it became evident that these young people not only needed crisis care but a whole array of services if they were to successfully leave the streets. Today, the agency has a comprehensive set of programs that provide a full range of services to homeless and at-risk young people.”

“Pension related activities -925,825. Change in value of split interest agreements 241,192. Change in value of beneficial interest in trust 262,259.”

“Explanation of variance on part i, line 8, the variance between fy13 and fy14 is attributable to the following: in fiscal 2014 planned giving and direct mail contributions increased by approximately $1,000,000 and $1,500,000, respectively. Secondly, webmail and the sleepout events (special event) each increased by $500,000, which totals about $3.5 million.”

“The unaudited consolidated financial statement, which consolidates covenant house and all of its affiliated entities, is attached to this form 990 to illustrate the complete financial position of all covenant house entities as a whole (these statements are audited annually. The current year's audit, fy14, will be performed by grant thornton). Although it does not correspond to the financial information reported on this form 990, it does represent the overall financial view of all covenant house operations in the usa, canada and latin america. Each covenant house affiliate is a separate legal entity with its own federal employer identification number and thus each affiliate completes its own form 990.”

“The organization amended its form 990 for the following reasons: 1. To update the statement of functional expenses for lines 8, 9, and 16 for the following reasons: - reclassify pension related costs from line 9 to line 8 in the amount of $703,069. - reclassify programmatic pension related costs on line 8 that were previously reported as management and general and fundraising expenses in the amount of $241,713. - reclassify programmatic occupancy costs previously reported as management and general and fundraising expenses on line 16 in the amount of $688,355. 2. To agree the land, buildings, and equipment total cost reported in part x, line 10a to the total cost reported in schedule d, part vi, column (b), and to agree the accumulated depreciation on part x, line 10b to schedule d, part vi, column (c). 3. To agree the total program expenses in part iii, lines 4a - 4d to the updated total program expenses in part ix, column (b).”