Civic Intelligence

Covenant College Foundation Inc.

990 • Fiscal year 2021 • EIN 27-3298736

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 04, 2022

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.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

6th percentile

0.00x

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

94th percentile

74%

Higher net margin than 94% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

79th percentile

$293,544

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

86th percentile

36%

Faster asset growth than 86% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

85th percentile

75%

Faster revenue growth than 85% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets6th percentile

Assets

Up

$20,093,926

Up $5,308,966 (+36%) from 2020

Net Assets

Up

$20,091,960

Up $5,307,205 (+36%) from 2020

Liabilities

Up

$1,966

Up $1,761 (+859%) from 2020

Revenue And Expenses
Liabilities / Revenue6th percentileNet Margin94th percentile

Revenue

Up

$3,608,993

Up $1,549,282 (+75%) from 2020

Expenses

Down

$936,238

Down $103,982 (-10.0%) from 2020

Net Income

Up

$2,672,755

Up $1,653,264 (+162%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth86th 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

2021

Assets$20,093,926
Liabilities$1,966
Net Assets$20,091,960
Open 2021 Filing

Operations Trend

Revenue Growth85th 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

2021

Revenue$3,608,993
Expenses$936,238
Net Income$2,672,755
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 4, 2022
Return Version
2020v4.2
Gross Receipts
$4,051,333
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 provides funds to support Covenant College.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,302,405$13,245,264▲ $3,942,859
Investments Other Securities$2,131,164$3,845,430▲ $1,714,266
Land, Buildings, and Equipment, Net$2,200,000$2,200,000→ $0
Savings and Temporary Cash Investments$1,092,391$769,132▼ $323,259
Accounts Receivable$25,000$100▼ $24,900
Total Assets$14,784,960$20,093,926▲ $5,308,966
Other Assets Total$34,000$34,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$205$1,966▲ $1,761
Total Liabilities$205$1,966▲ $1,761
Net Assets / Fund Balance
Net Assets With Donor Restrictions$9,001,970$13,580,418▲ $4,578,448
Net Assets Without Donor Restrictions$5,782,785$6,511,542▲ $728,757
Total Net Assets Fund Balance$14,784,755$20,091,960▲ $5,307,205
Total Liabilities and Net Assets / Fund Balance$14,784,960$20,093,926▲ $5,308,966

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,200,000--
Other Securities$220,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$11,213,878$3,081,511▲ $3,143,608$181,800$16,871,003
2019$10,987,799$545,325▲ $201,774$155,128$11,213,878
2018$10,910,648$107,491▲ $460,901$152,063$10,987,799
2017$9,751,398$1,001,113▲ $643,364$119,255$10,910,648
2016$8,704,892$334,127▲ $1,059,458$83,106$9,751,398
Compensation and Service Providers
Top Officer Pay79th percentile

Board Members and Trustees

NameTitle
Richard BowserChairman
Marc EricksonPresident/Executive Director
Beth NedeliskyTrustee
Bob BeckTrustee
Bob CurtisTrustee
Craig WoodTrustee
Dr J Derek HalvorsonTrustee
J Allen WrightTrustee
James GrauleyTrustee
John TruschelTrustee
Martin MooreTrustee
Sam R Smartt JrTrustee
Sarina SharpTrustee
William BurdetteTrustee
Fred VerwoerdAssistant Treasurer
Robert WilkinsonSecretary
Michael KramerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,937,420
Program Service Revenue
$0
Investment Income
$586,374
Other Revenue
$85,199
All Other Contributions
$2,937,420
Change in Net Assets
$2,672,755

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$97,903Selling Price
Total Noncash Contributions4$97,903-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,543,443
Revenue Not Reported on Financial Statements
$65,550
Revenue Not Reported on Form 990
$2,634,450
Total Revenue per Audited Statements
$6,177,893
Total Revenue per Form 990
$3,608,993
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$717,821
Other Expenses$218,417
Total Fundraising Expense$93,794
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$717,821--$717,821
Fees for Service Investment Mgmnt Fees-$65,550-$65,550
Other Expenses-$49,548$1,680$51,228
Office Expenses-$240$25,267$25,507
All Other Expenses--$20,803$20,803
Conferences and Meetings--$18,470$18,470
Insurance--$10,000$10,000
Fees for Services Accounting-$6,825-$6,825
Fees for Services Other--$6,125$6,125
Information Technology--$5,500$5,500
Fees for Services Legal-$2,455$2,449$4,904
Travel-$5$3,500$3,505
Total Functional Expenses$717,821$124,623$93,794$936,238

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$936,238
Expenses per Audited Statements$870,688
Total Expenses per Audited Statements$870,688
Expenses Not Reported on Financial Statements$65,550
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Covenant CollegeLookout Mountain, GA501(c)(3)Supporting educational purposes$717,721

International Summary

Offices
0
Employees
0
Spending
$1,486,805

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments-00$1,486,805
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Substantial ContributorGreater than 10% investor in investment partnershipOrganization and Substantial Contributor both have greater than 10% interest in an investment partnershipNo$470,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
Yes
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 A, line 1

“The Executive Committee is composed of the at least three Board Members and a majority of the Members of the committee shall be Members of the Covenant College Board. The Board of Trustees may delegate to the Executive Committee any of the powers and authority of the Board in the management of the business affairs of the Corporation. The Executive Committee transactions shall be reported regularly to the Board of Trustees and are subject to ratification.”

Form 990, Part VI, Section A, line 4

“The number of the governing body's voting members changed to no less than seven and no more than fifteen. In addition, two officer positions were added, an Assistant Secretary and an Assistant Treasurer.”

Form 990, Part VI, Section A, line 7A

“The President of Covenant College shall be a member of the board and the president and/or members of the board of trustees of Covenant College shall always constitute more than one-half of the total Board members.”

Form 990, Part VI, Section A, line 8B

“The organization has an Executive Committee with authority to act on behalf of the governing body. The Executive Committee was not called upon during the tax year and had no minutes. Therefore, this line was answered no in accordance with the instructions.”

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

“With the exception of the President/Executive Director, all officers, directors, and committee members with Board delegated powers are required to sign a conflict of interest disclosure form annually. The President/Executive Director is responsible for ensuring 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. The President/Executive Director will begin to sign a conflict of interest disclosure form annually. These questions will be all be answered "yes" on the 6/30/2022 tax return.”

Form 990, Part VI, Section B, line 15

“The organization does not compensate any officers. Therefore, these lines 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/Executive Director
Phone
7064191645
Signed
2022-04-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marc Erickson
Formed
2010
Legal Domicile
Ga
Voting Board Members
15
Independent Board Members
14
Employees
0
Volunteers
14

Preparer

Firm
Capin Crouse LLP
Address
1255 Lakes Parkway Suite 105, Lawrenceville, GA 30043
Preparer
Ted R Batson Jr
Phone
5055022746
Supplemental Narrative

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.”

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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/Form990PartVIISectionAGrp/PersonNm1Richard Bowser
IRS990/Form990PartVIISectionAGrp/PersonNm2Michael Kramer
IRS990/Form990PartVIISectionAGrp/PersonNm3Robert Wilkinson
IRS990/Form990PartVIISectionAGrp/PersonNm4Bob Beck
IRS990/Form990PartVIISectionAGrp/PersonNm5William Burdette
IRS990/Form990PartVIISectionAGrp/PersonNm6James Grauley
IRS990/Form990PartVIISectionAGrp/PersonNm7Martin Moore
IRS990/Form990PartVIISectionAGrp/PersonNm8Sarina Sharp
IRS990/Form990PartVIISectionAGrp/PersonNm9Sam R Smartt Jr
IRS990/Form990PartVIISectionAGrp/PersonNm10Craig Wood
IRS990/Form990PartVIISectionAGrp/PersonNm11J Allen Wright
IRS990/Form990PartVIISectionAGrp/PersonNm12John Truschel
IRS990/Form990PartVIISectionAGrp/PersonNm13Beth Nedelisky
IRS990/Form990PartVIISectionAGrp/PersonNm14Bob Curtis
IRS990/Form990PartVIISectionAGrp/PersonNm15Marc Erickson
IRS990/Form990PartVIISectionAGrp/PersonNm16Fred Verwoerd
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt15178723
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt16140000
IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15President/Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Assistant Treasurer
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IRS990/Form990TFiledInd01
IRS990/FormationYr02010
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IRS990/FSAuditedInd01
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IRS990/GainOrLossGrp/SecuritiesAmt094103
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantAmt0717821
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0717821
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0717821
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0536443
IRS990/GrossReceiptsAmt04051333
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt05500
IRS990/InformationTechnologyGrp/TotalAmt05500
IRS990/InsuranceGrp/FundraisingAmt010000
IRS990/InsuranceGrp/TotalAmt010000
IRS990/InvestmentIncomeGrp/ExclusionAmt0492271
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0492271
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt02131164
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt03845430
IRS990/InvestmentsPubTradedSecGrp/BOYAmt09302405
IRS990/InvestmentsPubTradedSecGrp/EOYAmt013245264
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt02200000
IRS990/LandBldgEquipCostOrOtherBssAmt02200000
IRS990/LegalDomicileStateCd0GA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0442340
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
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/NetAssetsOrFundBalancesBOYAmt014784755
IRS990/NetAssetsOrFundBalancesEOYAmt020091960
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt094103
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt094103
IRS990/NetUnrelatedBusTxblIncmAmt0161633
IRS990/NetUnrlzdGainsLossesInvstAmt02634450
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05782785
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06511542
IRS990/NoncashContributionsAmt097903
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt025267
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0240
IRS990/OfficeExpensesGrp/TotalAmt025507
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt034000
IRS990/OtherAssetsTotalGrp/EOYAmt034000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Taxes
IRS990/OtherExpensesGrp/FundraisingAmt01680
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt049548
IRS990/OtherExpensesGrp/TotalAmt051228
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Pass-through K-1 Inc.
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt085199
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt085199
IRS990/OtherRevenueTotalAmt085199
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Marc Erickson
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01259012
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0859399
IRS990/PYInvestmentIncomeAmt0713700
IRS990/PYOtherExpensesAmt0180771
IRS990/PYOtherRevenueAmt086999
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01019491
IRS990/PYSalariesCompEmpBnftPaidAmt050
IRS990/PYTotalExpensesAmt01040220
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02059711
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02672755
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01092391
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0769132
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd01
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/ExplanationTxt0Covenant College Foundation has determined that, notwithstanding its classification as an organization described in section 509(a)(3), it nonetheless meets the public support test applicable to organizations described in section 170(b)(1)(A)(vi) and is therefore permitted to use the first special rule listed on page 1 of Schedule B in determining the threshold for listing donors on Schedule B, Part I.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1A substantial contributor of the organization has a greater than 10% ownership interest in an investment in which the Foundation is also a greater than 10% owner.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2Eight 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. Two officers of the Foundation are 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/FormAndLineReferenceDesc0Schedule A, Part II:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part IV, Section A, Line 9c:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2Part 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/SupportAmt0717721
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Covenant College Inc
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt0717721
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.24483
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IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt03081511
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt016871003
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0386194
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt03143608
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0181800
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt010987799
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0545325
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt011213878
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0365892
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0201774
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0155128
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt010910648
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0107491
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt010987799
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0339178
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0460901
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0152063
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt031747
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt09751398
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01001113
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt010910648
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0334225
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0643364
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0119255
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt08704892
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0334127
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt09751398
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0263973
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01059458

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,093,926
Liabilities
$1,966
Net assets
$20,091,960
Revenue
$3,608,993
Expenses
$936,238
Net income
$2,672,755
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
2021Detailed filing. Detailed filing data is available for this year.$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