Covenant House Washington DC

“The sole corporate member of covenant house washington d.c. Is its parent organization, covenant house, d/b/a covenant house international.”

“Covenant house washington d.c.'s parent organization, covenant house international has the right to elect or appoint officers and directors of covenant house washington d.c.'s board of directors.”

“The following decisions for the governing body are subject to approval by covenant house washington d.c.'s parent organization, covenant house international (chi) - amendment or repeal of the certificate of incorporation and by-laws, increase or decrease in the number of board of directors, appoint/remove members of the board and the officers, compensation of the executive director, use of chi's name, logo and other of its trademarked nomenclature, and other lawful acts or actions with respect covenant house washington d.c.'s business, affairs, management, properties or activities.”

“The form 990 is prepared by an independent accounting firm in conjunction with the organization's accounting department and then reviewed by the parent organization, covenant house international, and the management of the organization. The director of finance reviews the draft and forwards it to the executive director for final review. The final copy of the form 990 is electronically provided to each member of the governing body prior to filing. The organization requests that every director review the form 990 for accuracy and completeness prior to filing.”

“The organization requires annual disclosure and affirmation of the conflict of interest policy by all officers, directors and key employees. 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 or any other organization business/ agency affiliated with covenant house international. 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. A summary of the annual conflicts of interest and copies of the conflicts of interest reports from the directors, executive director, and officers of the organization are also sent to the parent organization, covenant house international. The parent, covenant house international also ensures the annual conflicts of interest reports are accomplished for each affiliate and that the required information is sent to them.”

“The executive director's compensation is determined by the compensation committee working in conjunction with the president of covenant house international (parent). A salary structure and range were determined using a compensation committee and independent consultant for the executive director. Factors considered were the size of the agency budget, program size and complexity local market compatibility, and the cost of living, with compensation approved by the covenant house washington d.c.'s board of directors. Compensation is set for key employees and other officers based on performance and budget. Records of executive committee's compensation decisions are maintained in the covenant house international (parent) human resources department record. This process was last undertaken in fiscal year 2020.”

“The organization makes its form 990 available to the public by retaining a copy at its place of business on its website. The form 990 is likewise published on the internet at www.guidestar.org. The governing documents, conflict of interest policy and financial statements are all available for public inspection upon request at 2001 mississippi avenue se, washington, dc 20020.”

“Covenant house international (parent) provides financial support as well as management and organizational support for its affiliated organizations. The parent conducts fundraising activities for its own programs and the programs of the affiliates including the sleep out event. The parent collects the funds from the sleep out event that each affiliate holds in their city online through software that they manage/operate. The funds are then disbursed to each affiliate that raised the funds through a grant from the parent. The parent combines contributions received from individuals, corporations and foundations, the sleep out event, plus a parent subsidy and appropriates funds classified as "branding dollars" to each covenant house affiliate. The parent reports the sleep out event in schedule g, part ii of their form 990. The filing organization reports the sleep out event income on part viii, line 1d as a contribution from a related organization.”

“In 31 cities across six countries, covenant house builds bridges to hope for young people facing homelessness and survivors of human trafficking, meeting their immediate needs for food, clothing, protection, and medical care and supporting them to advance their goals of education and employment. 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 walks through 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, and drop-in programs. Our dedicated staff across the united states, guatemala, honduras, mexico, nicaragua, and canada employ a strengths-based, trauma-informed practice model that helps young people discover and develop their resilience to overcome adversity now and into the future. Young people arrive at covenant house with an array of lived experiences, including foster care, substance use, mental health issues, domestic violence, sexual abuse, and more. Our staff meet them where they are and accompany them, through our high-quality continuum of services, on their journey to wholeness and independence.”

“On may 1, 2020, the organization received loan proceeds in the amount of $858,800 under the paycheck protection program (the "ppp"). The ppp, established as part of the coronavirus aid, relief and economic security act (the "cares act"), provides for loans to qualifying entities for amounts up to 2.5 times the 2019 average monthly payroll expenses of the qualifying entity. The ppp loan bears an interest rate of 1% per annum. All or a portion of the ppp loan principal and accrued interest is forgivable as long as the borrower uses the loan proceeds for eligible purposes, as described in the cares act, over a period of either eight or twenty-four weeks (the "covered period"). The amount of loan forgiveness could be reduced if the borrower terminates employees or reduces salaries below a certain threshold during the covered period and does not qualify for certain safe harbors. The unforgiven portion of the ppp loan, if any, is payable within two years from the date of the loan. Loan payments of principal or interest are deferred until the amount of loan forgiveness is determined by the united states small business administration ("sba"). If the organization does not apply for forgiveness, payments begin approximately seven a half months after the loan date. The organization intends to use all proceeds received in accordance with regulations established by the ppp. Management believes its use of the proceeds, including amounts expended in fiscal 2020, will be forgiven. Management is recognizing the ppp loan as a conditional grant under asc 958-605, revenue recognition-contributions and will recognize income as allowable costs are incurred and other related conditions are met. In fiscal 2020, the organization recognized $289,588 of income. The remaining ppp loan funds are reported as ppp refundable advance in the statement of financial position at june 30, 2020.”

“Write-off of pledge receivable -10,401.”

“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.”