Civic Intelligence

Covenant College Foundation Inc.

990 • Fiscal year 2017 • EIN 27-3298736

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

Organization Profilecovenant.giftlegacy.com
14049 Scenic HighwayLookout Mountain, GA 30750

(706) 419-1645

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

7th percentile

0.01x

Higher debt load relative to revenue than 7% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

32nd percentile

-0.9%

Higher net margin than 32% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

76th percentile

$278,613

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 45.8% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

64th percentile

8.9%

Faster asset growth than 64% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

44th percentile

2.7%

Faster revenue growth than 44% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets6th percentile

Assets

Up

$10,508,675

Up $855,633 (+8.9%) from 2016

Net Assets

Up

$10,504,484

Up $862,809 (+8.9%) from 2016

Liabilities

Down

$4,191

Down $7,176 (-63%) from 2016

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin32nd percentile

Revenue

Up

$608,900

Up $16,081 (+2.7%) from 2016

Expenses

Up

$614,159

Up $106,182 (+21%) from 2016

Net Income

Down

-$5,259

Down $90,101 (-106%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth64th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2012: $7,840,470Liabilities 2012: $891Net Assets 2012: $7,839,5792012Assets 2013: $8,829,795Liabilities 2013: $44,230Net Assets 2013: $8,785,5652013Assets 2014: $10,236,383Liabilities 2014: $248Net Assets 2014: $10,236,1352014Assets 2015: $10,210,447Liabilities 2015: $4,930Net Assets 2015: $10,205,5172015Assets 2016: $9,653,042Liabilities 2016: $11,367Net Assets 2016: $9,641,6752016Assets 2017: $10,508,675Liabilities 2017: $4,191Net Assets 2017: $10,504,4842017Assets 2018: $12,023,624Liabilities 2018: $3,366Net Assets 2018: $12,020,2582018Assets 2019: $14,216,211Liabilities 2019: $286Net Assets 2019: $14,215,9252019Assets 2020: $14,784,960Liabilities 2020: $205Net Assets 2020: $14,784,7552020Assets 2021: $20,093,926Liabilities 2021: $1,966Net Assets 2021: $20,091,9602021Assets 2022: $18,187,987Liabilities 2022: $17,344Net Assets 2022: $18,170,6432022Assets 2023: $20,239,671Liabilities 2023: $49Net Assets 2023: $20,239,6222023Assets 2024: $24,574,789Liabilities 2024: $145,700Net Assets 2024: $24,429,0892024

Highlighted filing

2017

Assets$10,508,675
Liabilities$4,191
Net Assets$10,504,484
Open 2017 Filing

Operations Trend

Revenue Growth44th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $717,6182012Expenses 2013: $603,5312013Revenue 2014: $849,098Expenses 2014: $507,412Net Income 2014: $341,6862014Revenue 2015: $1,004,263Expenses 2015: $492,247Net Income 2015: $512,0162015Revenue 2016: $592,819Expenses 2016: $507,977Net Income 2016: $84,8422016Revenue 2017: $608,900Expenses 2017: $614,159Net Income 2017: -$5,2592017Revenue 2018: $1,947,843Expenses 2018: $568,029Net Income 2018: $1,379,8142018Revenue 2019: $2,880,806Expenses 2019: $686,108Net Income 2019: $2,194,6982019Revenue 2020: $2,059,711Expenses 2020: $1,040,220Net Income 2020: $1,019,4912020Revenue 2021: $3,608,993Expenses 2021: $936,238Net Income 2021: $2,672,7552021Revenue 2022: $2,624,692Expenses 2022: $1,003,553Net Income 2022: $1,621,1392022Revenue 2023: $1,928,825Expenses 2023: $980,505Net Income 2023: $948,3202023Revenue 2024: $3,659,030Expenses 2024: $1,349,371Net Income 2024: $2,309,6592024

Highlighted filing

2017

Revenue$608,900
Expenses$614,159
Net Income-$5,259
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.0
Gross Receipts
$971,920
Mission and Program Overview

Mission

The Covenant College Foundation is the planned-giving arm of Covenant College. The primary purpose is to grow the College's endowment, which helps ensure the future of the College and the pursuit of its mission to explore and express the preeminence of Jesus Christ in all things.

Covenant College Foundation (Foundation) provides funds to support Covenant College.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,345,438$8,390,635▲ $1,045,197
Investments Other Securities$1,359,454$1,360,763▲ $1,309
Cash and Non-Interest-Bearing Accounts$945,650$757,277▼ $188,373
Prepaid Expenses and Deferred Charges$2,500$0▼ $2,500
Total Assets$9,653,042$10,508,675▲ $855,633
Liabilities
Accounts Payable and Accrued Expenses$11,367$4,191▼ $7,176
Total Liabilities$11,367$4,191▼ $7,176
Net Assets / Fund Balance
Permanently Rstr Net Assets$6,275,429$6,357,654▲ $82,225
Unrestricted Net Assets$2,295,864$2,564,110▲ $268,246
Temporarily Rstr Net Assets$1,070,382$1,582,720▲ $512,338
Total Net Assets Fund Balance$9,641,675$10,504,484▲ $862,809
Total Liabilities and Net Assets / Fund Balance$9,653,042$10,508,675▲ $855,633

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$250,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$8,704,892$334,127▲ $1,059,458$83,106$9,733,865
2015$9,395,360$145,730▼ $497,665$61,118$8,704,892
2014$9,578,155$231,997▼ $80,920$89,025$9,395,360
2013$8,164,604$326,600▲ $1,417,038-$9,578,155
2012$7,269,583$158,921▲ $1,047,517-$8,164,604
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleOtherTotal
Daniel WykoffAssistant Treasurer$134,838$134,838

Board Members and Trustees

NameTitle
Craig WoodChairman
Marc EricksonPresident/Executive Direct
Bob BeckTrustee
Bruce WilliamsTrustee
David LucasTrustee
Dr J Derek HalvorsonTrustee
J Allen WrightTrustee
Mark GriggsTrustee
Martin MooreTrustee
Richard BowserTrustee
Sam R Smartt JrTrustee
William BurdetteTrustee
Frank BrockTrustee/Assist Treasurer
Gary HaluskaSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$369,103
Program Service Revenue
$0
Investment Income
$208,923
Other Revenue
$30,874
All Other Contributions
$369,103
Change in Net Assets
$-5,259

Audited Revenue Reconciliation

Revenue per Audited Statements
$591,367
Revenue Not Reported on Financial Statements
$17,533
Revenue Not Reported on Form 990
$868,068
Total Revenue per Audited Statements
$1,459,435
Total Revenue per Form 990
$608,900
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$501,516
Other Expenses$112,643
Total Fundraising Expense$82,337
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$501,516--$501,516
All Other Expenses--$23,396$23,396
Travel--$19,865$19,865
Fees for Service Investment Mgmnt Fees-$17,533-$17,533
Office Expenses--$15,726$15,726
Insurance--$10,000$10,000
Fees for Services Accounting-$8,095-$8,095
Fees for Services Other--$7,181$7,181
Information Technology--$5,610$5,610
Other Expenses-$2,525-$2,525
Fees for Services Legal-$2,153-$2,153
Conferences and Meetings--$559$559
Total Functional Expenses$501,516$30,306$82,337$614,159

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$614,159
Expenses per Audited Statements$596,626
Total Expenses per Audited Statements$596,626
Expenses Not Reported on Financial Statements$17,533
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Covenant CollegeLookout Mountain, GA501(c)(3)Supporting educational purposes$501,516
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS.”

Form 990, Part VI, Section B, line 12C

“The officers, directors, and committee members with Board delegated powers are required to sign a conflict of interest disclosure form annually. The President is responsible for insuring compliance and that conflicts are monitored, reported, and approved. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.”

Form 990, Part VI, Section B, line 15

“The organization does not compensate any officers. Therefore, these questions were answered no in accordance with the instructions.”

Form 990, Part VI, Section C, line 19

“The organization's governing documents, conflict of interest policy, and financial statements are made available upon request by inquiry to the President's office.”

Filing and Contact Details

Filer

Filer Name
Covenant College Foundation Inc
EIN
27-3298736
Phone
7064191645
Address
14049 Scenic Highway, Lookout Mountain, GA 30750

Signing Officer

Name
Marc Erickson
Title
President
Phone
7064191645
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marc Erickson
Formed
2011
Legal Domicile
Ga
Voting Board Members
13
Independent Board Members
12
Employees
0
Volunteers
12

Preparer

Firm
Capin Crouse LLP
Address
1255 Lakes Parkway Suite 130, Lawrenceville, GA 30043
Preparer
David C Moja
Phone
6785185301
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year.”

Financial Statement Notes

Part V, Line 4:

“The endowment funds are invested to produce income which is used to fund scholarships for Covenant College as well as offset certain operating costs.”

Raw XML AppendixShowing 400 of 599 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt05610
IRS990/InformationTechnologyGrp/TotalAmt05610
IRS990/InsuranceGrp/FundraisingAmt010000
IRS990/InsuranceGrp/TotalAmt010000
IRS990/InvestmentIncomeGrp/ExclusionAmt0159451
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0208923
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt049472
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01359454
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01360763
IRS990/InvestmentsPubTradedSecGrp/BOYAmt07345438
IRS990/InvestmentsPubTradedSecGrp/EOYAmt08390635
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0GA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0363020
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt030874
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt030874
IRS990/MissionDesc0The Covenant College Foundation is the planned-giving arm of Covenant College. The primary purpose is to grow the College's endowment, which helps ensure the future of the College and the pursuit of its mission to explore and express the preeminence of Jesus Christ in all things.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt09641675
IRS990/NetAssetsOrFundBalancesEOYAmt010504484
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt034134
IRS990/NetUnrlzdGainsLossesInvstAmt0868068
IRS990/NoncashContributionsAmt015942
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt015726
IRS990/OfficeExpensesGrp/TotalAmt015726
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Taxes
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02525
IRS990/OtherExpensesGrp/TotalAmt02525
IRS990/OtherRevenueTotalAmt030874
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt06275429
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt06357654
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02500
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Marc Erickson
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0355989
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0400479
IRS990/PYInvestmentIncomeAmt0171238
IRS990/PYOtherExpensesAmt0107498
IRS990/PYOtherRevenueAmt065592
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt084842
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0507977
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0592819
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-5259
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Seven of the Foundation's board members are voting members of the governing body of the supported organization. Another is an officer of the supported organization. And an officer of the Foundation is listed on Form 990, Part VII of the supported organization as an Officer, Director, Trustee, Key Employee or Highest Compensated Employee. The organization believes that the necessary relationship is established in order to show that it is supervised or controlled in connection with its supported organization.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section C, Line 1:
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0430719506
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0501516
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Covenant College Inc
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt0501516
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.23320
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt017533
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt08704892
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0334127
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt09733865
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0263973
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01059458
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt083106
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt09395360
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0145730
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt08704892
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0277415
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-497665
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt061118
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt09578155
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0231997
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt09395360
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0244847
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-80920
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt089025
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt08164604
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0326600
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt09578155
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0330087
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01417038
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt07269583
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0158921
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt08164604
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0311417
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01047517
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt017533
IRS990ScheduleD/ExpensesSubtotalAmt0596626
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt017533
IRS990ScheduleD/InvestmentExpensesNotIncldAmt017533
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0868068
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0813763
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1297000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2250000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Limited partnerships
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Investment in bank
IRS990ScheduleD/OtherSecuritiesGrp/Desc2Investment in senior residence center
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.65200
IRS990ScheduleD/RevenueNotReportedAmt0868068
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt017533
IRS990ScheduleD/RevenueSubtotalAmt0591367
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The endowment funds are invested to produce income which is used to fund scholarships for Covenant College as well as offset certain operating costs.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.11480
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt01360763
IRS990ScheduleD/TotalExpensesPerForm990Amt0614159
IRS990ScheduleD/TotalRevenuePerForm990Amt0608900
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01459435
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0596626
IRS990ScheduleI/GrantRecordsMaintainedInd01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,508,675
Liabilities
$4,191
Net assets
$10,504,484
Revenue
$608,900
Expenses
$614,159
Net income
-$5,259
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$24.6$0.15$24.4$3.66$1.35$2.31
2023Detailed filing. Detailed filing data is available for this year.$20.2$0.00$20.2$1.93$0.98$0.95
2022Detailed filing. Detailed filing data is available for this year.$18.2$0.02$18.2$2.62$1.00$1.62
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.1$0.00$20.1$3.61$0.94$2.67
2020Detailed filing. Detailed filing data is available for this year.$14.8$0.00$14.8$2.06$1.04$1.02
2019Detailed filing. Detailed filing data is available for this year.$14.2$0.00$14.2$2.88$0.69$2.19
2018Detailed filing. Detailed filing data is available for this year.$12.0$0.00$12.0$1.95$0.57$1.38
2017Detailed filing. Detailed filing data is available for this year.$10.5$0.00$10.5$0.61$0.61$0.01
2016Detailed filing. Detailed filing data is available for this year.$9.65$0.01$9.64$0.59$0.51$0.08
2015Detailed filing. Detailed filing data is available for this year.$10.2$0.00$10.2$1.00$0.49$0.51
2014Detailed filing. Detailed filing data is available for this year.$10.2$0.00$10.2$0.85$0.51$0.34
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.83$0.04$8.79$0.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.84$0.00$7.84$0.72