Civic Intelligence

Covenant Foundation

EIN 36-3722029 • 501(c)3 • New York, NY

Profile

To build on existing strength within the field of jewish education in north america, by addressing all forms of pre-collegiate and adult jewish education through awards to individuals and grants to institutions for creative programs.

45 Rockefeller Plaza Ste 2300New York, NY 10111-2399

www.covenantfn.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

79th percentile

0.49x

Higher debt load relative to assets than 79% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

78th percentile

0.64x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

52nd percentile

5.6%

Higher net margin than 52% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

96th percentile

114%

Faster asset growth than 96% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

61st percentile

13%

Faster revenue growth than 61% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Down

$6,693,726

Down $580,622 (-8.0%) from 2023

Liabilities

Down

$3,458,526

Down $101,432 (-2.8%) from 2023

Net Assets

Down

$3,235,200

Down $479,190 (-13%) from 2023

Revenue

Up

$6,318,185

Up $706,021 (+13%) from 2023

Expenses

Up

$6,416,470

Up $712,667 (+12%) from 2023

Net Income

Down

-$98,285

Down $6,646 (-7.3%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2010: $2,668,225Liabilities 2010: $2,642,482Net Assets 2010: $25,7432010Assets 2011: $2,435,611Liabilities 2011: $2,408,808Net Assets 2011: $26,8032011Assets 2012: $2,662,666Liabilities 2012: $2,633,250Net Assets 2012: $29,4162012Assets 2013: $2,598,617Liabilities 2013: $2,566,321Net Assets 2013: $32,2962013Assets 2014: $2,925,188Liabilities 2014: $2,891,321Net Assets 2014: $33,8672014Assets 2015: $3,213,210Liabilities 2015: $3,176,867Net Assets 2015: $36,3432015Assets 2016: $2,945,211Liabilities 2016: $2,906,216Net Assets 2016: $38,9952016Assets 2017: $3,390,049Liabilities 2017: $3,172,408Net Assets 2017: $217,6412017Assets 2018: $3,066,888Liabilities 2018: $2,858,852Net Assets 2018: $208,0362018Assets 2019: $3,003,209Liabilities 2019: $2,953,781Net Assets 2019: $49,4282019Assets 2020: $3,119,744Liabilities 2020: $2,896,347Net Assets 2020: $223,3972020Assets 2021: $3,851,148Liabilities 2021: $3,294,612Net Assets 2021: $556,5362021Assets 2022: $8,238,129Liabilities 2022: $4,045,442Net Assets 2022: $4,192,6872022Assets 2023: $7,274,348Liabilities 2023: $3,559,958Net Assets 2023: $3,714,3902023Assets 2024: $6,693,726Liabilities 2024: $3,458,526Net Assets 2024: $3,235,2002024

Highlighted filing

2024

Assets$6,693,726
Liabilities$3,458,526
Net Assets$3,235,200

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $3,469,5422010Expenses 2011: $3,109,1102011Expenses 2012: $3,744,6732012Revenue 2013: $3,715,081Expenses 2013: $3,712,201Net Income 2013: $2,8802013Revenue 2014: $4,250,092Expenses 2014: $4,248,521Net Income 2014: $1,5712014Revenue 2015: $4,168,094Expenses 2015: $4,165,618Net Income 2015: $2,4762015Revenue 2016: $4,531,094Expenses 2016: $4,528,442Net Income 2016: $2,6522016Revenue 2017: $4,970,115Expenses 2017: $4,791,469Net Income 2017: $178,6462017Revenue 2018: $4,613,108Expenses 2018: $4,622,713Net Income 2018: -$9,6052018Revenue 2019: $4,908,107Expenses 2019: $5,066,715Net Income 2019: -$158,6082019Revenue 2020: $5,130,096Expenses 2020: $4,956,127Net Income 2020: $173,9692020Revenue 2021: $5,634,152Expenses 2021: $5,301,013Net Income 2021: $333,1392021Revenue 2022: $6,350,177Expenses 2022: $5,993,869Net Income 2022: $356,3082022Revenue 2023: $5,612,164Expenses 2023: $5,703,803Net Income 2023: -$91,6392023Revenue 2024: $6,318,185Expenses 2024: $6,416,470Net Income 2024: -$98,2852024

Highlighted filing

2024

Revenue$6,318,185
Expenses$6,416,470
Net Income-$98,285

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.69$3.46$3.24$6.32$6.42$0.10
2023Detailed filing. Detailed filing data is available for this year.$7.27$3.56$3.71$5.61$5.70$0.09
2022Detailed filing. Detailed filing data is available for this year.$8.24$4.05$4.19$6.35$5.99$0.36
2021Detailed filing. Detailed filing data is available for this year.$3.85$3.29$0.56$5.63$5.30$0.33
2020Detailed filing. Detailed filing data is available for this year.$3.12$2.90$0.22$5.13$4.96$0.17
2019Detailed filing. Detailed filing data is available for this year.$3.00$2.95$0.05$4.91$5.07$0.16
2018Detailed filing. Detailed filing data is available for this year.$3.07$2.86$0.21$4.61$4.62$0.01
2017Detailed filing. Detailed filing data is available for this year.$3.39$3.17$0.22$4.97$4.79$0.18
2016Detailed filing. Detailed filing data is available for this year.$2.95$2.91$0.04$4.53$4.53$0.00
2015Detailed filing. Detailed filing data is available for this year.$3.21$3.18$0.04$4.17$4.17$0.00
2014Detailed filing. Detailed filing data is available for this year.$2.93$2.89$0.03$4.25$4.25$0.00
2013Detailed filing. Detailed filing data is available for this year.$2.60$2.57$0.03$3.72$3.71$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.66$2.63$0.03$3.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.44$2.41$0.03$3.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.67$2.64$0.03$3.47
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.1
Gross Receipts
$6,318,185
Mission and Program Overview

Mission

To build on existing strength within the field of jewish education in north america, by addressing all forms of pre-collegiate and adult jewish education through awards to individuals and grants to institutions for creative programs.

To build on existing strength within the field of jewish education in north america.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$5,737,378$5,349,473▼ $387,905
Land, Buildings, and Equipment, Net$701,796$606,494▼ $95,302
Savings and Temporary Cash Investments$718,315$588,911▼ $129,404
Prepaid Expenses and Deferred Charges$65,915$104,226▲ $38,311
Intangible Assets$50,844$44,522▼ $6,322
Cash and Non-Interest-Bearing Accounts$100$100→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$7,274,348$6,693,726▼ $580,622
Other Assets Total$0$0→ $0
Liabilities
Grants Payable$3,002,468$2,971,241▼ $31,227
Accounts Payable and Accrued Expenses$557,490$487,285▼ $70,205
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$3,559,958$3,458,526▼ $101,432
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,895,835$2,514,930▼ $380,905
Net Assets Without Donor Restrictions$818,555$720,270▼ $98,285
Total Net Assets Fund Balance$3,714,390$3,235,200▼ $479,190
Total Liabilities and Net Assets / Fund Balance$7,274,348$6,693,726▼ $580,622

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$502,162$209,987$712,149
Other Land Buildings$104,332$59,266$163,598
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joni-sue B LevineExecutive DirectorFT$228,955$35,465$264,420
Abby PitkowskyProgram DirectorFT$157,899$61,201$219,100
Ralia WagnerDirector of Finance and AdminPT$129,873$58,073$187,946
Myra RosenbaumDirector of Planning and OperationsPT$117,192$56,790$173,982
Adina Kay-grossDirector of Thought LeadershipPT$130,945$14,317$145,262
Ariel StewartSr. Program OfficerFT$106,856$29,523$136,379

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$6,318,000
Program Service Revenue
$0
Investment Income
$185
Other Revenue
$0
All Other Contributions
$6,318,000
Change in Net Assets
$-98,285

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,318,185
Revenue Not Reported on Form 990
$34,842
Total Revenue per Audited Statements
$6,353,027
Total Revenue per Form 990
$6,318,185
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,285,007
Grants and Similar Amounts Paid$2,253,157
Salaries, Compensation, and Employee Benefits$1,878,306
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,948,157--$1,948,157
Other Salaries and Wages$914,656$186,860-$1,101,516
Fees for Services Other$791,287$31,651-$822,938
Conferences and Meetings$489,999$4,069-$494,068
Grants to Domestic Individuals$305,000--$305,000
Other Employee Benefits$217,309$60,379-$277,688
Current Officers, Directors, Trustees, and Key Employees$238,918$26,546-$265,464
Information Technology$111,871$122,603-$234,474
Office Expenses$95,607$64,145-$159,752
Travel$146,361$3,983-$150,344
Occupancy$54,910$89,429-$144,339
Pension Plan Contributions$109,982$21,259-$131,241
Advertising$115,445$3,574-$119,019
Payroll Taxes$86,111$16,286-$102,397
Depreciation Depletion$84,780$16,844-$101,624
Insurance$23,594$4,688-$28,282
Fees for Services Accounting-$28,236-$28,236
Fees for Services Legal-$1,931-$1,931
Total Functional Expenses$5,733,987$682,483$0$6,416,470

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,832,217
Expenses per Audited Statements$6,416,470
Total Expenses per Form 990$6,416,470
Expenses Not Reported on Form 990$415,747
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
CojecoNew York, NY501(c)(3)See Part Iv$150,000
Dayenu (FS Social Good Fund)Richmond, CA501(c)(3)See Part IV$150,000
Luria Academy of BrooklynBrooklyn, NY501(c)(3)See Part Iv$150,000
Nightingale of Iran (FS Be'chol Lashon)San Francisco, IL501(c)(3)See Part IV$150,000
Alicia Jo Rabins (FS Film Collaborative)Los Angeles, CA501(c)(3)See Part IV$145,000
Repair the WorldNew York, NY501(c)(3)See Part Iv$145,000
Marlene Meyerson JCC Manhattan (JCC)New York, NY501(c)(3)See Part Iv$140,000
Pardes Institute of Jewish StudiesNew York, NY501(c)(3)See Part Iv$140,000
Union for Reform JudaismNew York, NY501(c)(3)See Part Iv$140,000
Ma'a lot (FS Beloved Builders)Florence, MA501(c)(3)See Part IV$135,800
Within the ImageNew York, NY501(c)(3)See Part Iv$85,000
Edge Grant Leveraging Successnew york, NY501(c)(3)See Part Iv$50,000
IsraelNow Education FoundationChicago, IL501(c)(3)See Part Iv$50,000
Modern Jewish Couples (FS Beloved Builders FL)Florence, MA501(c)(3)See Part IV$50,000
SvivahWashington, DC501(c)(3)See Part IV$50,000
OpenDor MediaSunrise, FL501(c)(3)See Part Iv$40,000
Contemporary Jewish MusueumSan Francisco, CA501(c)(3)See Part Iv$30,000
Jewish Women's ArchiveAuburndale, MA501(c)(3)See Part IV$25,000
At the WellWashington, DC501(c)(3)See Part Iv$20,000
Coastal Roots FarmEncinitas, CA501(c)(3)See Part Iv$20,000
Pedagogy of Partnership Powered by HadarNew York, NY501(c)(3)See Part Iv$20,000
RekindleBeachwood, OH501(c)(3)See Part Iv$20,000
Schechter BostonNewton, MA501(c)(3)See Part Iv$20,000
Valley Beit MidrashScottsdale, AZ501(c)(3)See Part Iv$20,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

990 Review Process - Part VI, Section B, Line 11B

1.audit committee of the board reviews the first draft of the federal form 990 during an audit committee meeting. 2. Edits and suggestions are communicated to management and auditors management works with auditors to review suggested edits. 3. Final version is sent to audit committee of the board before final submission. 4. Audit committee has been granted authority to review and approve the tax filing on behalf of the board.

Conflict of Interest Policy - Part VI, Section B, Line 12C

1. All Board members are given a copy of our conflict of interest policy annually. 2. Along with that is a form that they fill out revealing any relationships that might present a conflict of interest. 3. These forms are signed by each board member and KEPT on file.

Information Policy for Public Review of Records - Part VI, Sec C, Line 19

For any person(s) who wish(es) to review the governing documents and financial statements, this information will be provided to them, at the organization's office, upon request.

Exececutive Director Compensation -Part VI, Section B, Line 15A & Line 15B

1. Performance review was conducted by an Executive Compensation Committee that consists of the Chair of the Board and Chair of the Audit Committee. 2. They conduct a performance review and recommend a salary adjustment 3. Recommendations for salary adjustment is part of the annual budget process which is reviewed by the full board prior to approval.

Filing and Contact Details

Filer

Filer Name
Covenant Foundation
EIN
36-3722029
In Care Of
% RALIA WAGNER
Phone
2122453500
Address
45 Rockefeller Plaza Ste 2300, New York, NY 10111-2399

Signing Officer

Name
Joni-sue B Levine
Title
Executive Director
Phone
2122453500
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joni-sue B Levine
Formed
1990
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
13
Employees
13
Volunteers
13

Preparer

Firm
WithumSmithBrown PC
Address
ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer
James Mulroy
Phone
7328281614
Supplemental Narrative

Additional Explanations

Form 990, Schedule I, Purpose of Grant PG 1-2

1. At the Well, New York, NY. Rosh Chodesh Across Generations. To develop an educational program that will empower parents to build familial Rosh Chodesh traditions, integrate rituals at home, and foster meaningful connections with their children. 2. Coastal Roots Farm, Encinitas, CA. Jewish/Climate Artists for California: The Incubator at Coastal Roots Farm. To develop and implement an Incubator program for California-based Jewish performing artists that will empower them to create bold new works at the intersection of Judaism and the climate crises. 3. Pedagogy of Partnership, Powered by The Hadar Institute, New York, NY. Bringing Pedagogy of Partnership to Parents. To pilot a Jewish text study program for parents of students in Jewish day schools to empower them with skills and tools for difficult conversations. 4. Rekindle, Beachwood, OH. Building Jewish Identity and Allyship Through Rekindle's Black-Jewish Dialogue. To expand the Rekindle Fellowship by enhancing alumni engagement efforts, iterating and codifying the curriculum, and scaling the organization's capacity to serve additional communities around the country. 5. Schechter Boston, Newton, MA. Sicha Amitza Project. To develop a new curriculum for pre-K through 1st grade that uses age-appropriate Jewish literature to generate sichot amitzot (courageous conversations) and foster curiosity, active listening, and social-emotional learning. 6. Valley Beit Midrash, Scottsdale, AZ. Elie Wiesel Social Action Fellowship. To enhance and enrich a Jewish learning and social action fellowship for Jewish young adults through increased opportunities for connection and community building. 7. Alicia Jo Rabins (FS:Film Collaborative), Portland, OR. Girls in Trouble TV: An Educational Web Series About Biblical Women. To produce and disseminate a Jewish educational web series, develop accompanying study guides, and lead teacher-training sessions to support educators' implementation of these new resources. 8. COJECO (Council of Jewish migr Community Organizations), New York, NY. Adult B'nai Mitzvah Program for Russian-Speaking Jews. To launch a cohort-based adult b'nai mitzvah program for Russian-speaking Jews in the New York City area that will strengthen participants' connections to Jewish culture and tradition. 9. The Contemporary Jewish Museum, San Francisco, CA. National Educator Collective Network. To launch a network of museum educators who will collaborate on curricula and support public schools in teaching about Jewish culture, identity, and history in kindergarten through 5th grade. 10. Dayenu: (FS: Social Good Fund), New York, NY. Scaling Spiritual Activism and Education. To expand the organization's Spiritual Adaptation programming, partnerships, trainings, and resources to help Jews confront the climate crisis, cultivate a sense of hope, and take action. 11. IsraelNow, Chicago, IL. Scaling a National Model. To support Federations in North America with implementation of IsraelNow's Israel trip experience, designed to strengthen the Jewish identity of 8th graders who are in non-Jewish day school settings. 12. Modern Jewish Couples (FS Beloved Builders, Florance MA). To expand its programming, which supports Jewish couples of all identities and affiliations who are on the pathway to partnership and marriage, by scaling premarital workshops, cohorts, and trainings for the couples, their families, and clergy. 13 Luria Academy of Brooklyn, Brooklyn, NY. The Shabbat Experience at 664 Bergen. To launch a Shabbat afternoon program that will engage 3rd through 10th graders in Jewish learning and community building with peers of diverse Jewish backgrounds. 14. HerSpirit (SVIVAH, Washington, DC). To support the expansion and deepening of the HerTorah program through the launch of HerSpirit, a complementary initiative that will support educators and learners by integrating pastoral knowledge and sensitivity into adult Jewish education. 15. Ma'alot (FS Beloved Builders), Atlanta, GA. Wi

Form 990 Part IX Line 11G

Description:consultant fees total fees:663673

Form 990 Part IX Line 11G

Description:grant evaluation total fees:157134

Form 990 Part IX Line 11G

Description:pension fee total fees:2131

Financial Statement Notes

Form 990, Schedule D, Part X, Line 2

The foundation is exempt from federal income tax under section 501(c)(3) of the united states internal revenue code and exempt from state income taxes under state law, and no provision for such income tax has been reflected in the accompanying financial statements. The foundation has evaluated uncertain tax positions with respect to its operations and concluded there are no such positions at december 31, 2024 and 2023. The foundation did not recognize any tax-related interest or penalties during the period presented in these financial statements. The foundation files tax returns in the u.s. Federal jurisdiction, new york, and illinois. The foundation has no income tax related penalties or interest for the periods reported in the financial statements.

Form 990, Schedule D, Part XI, Line 2D

Donated office space - ($380,905).

Raw XML AppendixShowing 400 of 927 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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