Civic Intelligence

Covenant Foundation

990 • Fiscal year 2023 • EIN 36-3722029

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

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

(212) 245-3500

Siviq Scores

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

Liabilities / Assets

68th percentile

0.49x

Higher debt load relative to assets than 68% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

72nd percentile

0.63x

Higher debt load relative to revenue than 72% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Net Margin

32nd percentile

-1.6%

Higher net margin than 32% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

81st percentile

$242,855

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Asset Growth

10th percentile

-12%

Faster asset growth than 10% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

22nd percentile

-12%

Faster revenue growth than 22% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Down

$7,274,348

Down $963,781 (-12%) from 2022

Net Assets

Down

$3,714,390

Down $478,297 (-11%) from 2022

Liabilities

Down

$3,559,958

Down $485,484 (-12%) from 2022

Revenue

Down

$5,612,164

Down $738,013 (-12%) from 2022

Expenses

Down

$5,703,803

Down $290,066 (-4.8%) from 2022

Net Income

Down

-$91,639

Down $447,947 (-126%) from 2022

Historical Trend

Balance Sheet Trend

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

$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

2023

Assets$7,274,348
Liabilities$3,559,958
Net Assets$3,714,390

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$5,612,164
Expenses$5,703,803
Net Income-$91,639
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$5,612,164
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$6,350,000$5,737,378▼ $612,622
Savings and Temporary Cash Investments$960,714$718,315▼ $242,399
Land, Buildings, and Equipment, Net$797,097$701,796▼ $95,301
Prepaid Expenses and Deferred Charges$69,846$65,915▼ $3,931
Intangible Assets$57,167$50,844▼ $6,323
Accounts Receivable$3,205$0▼ $3,205
Cash and Non-Interest-Bearing Accounts$100$100→ $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$8,238,129$7,274,348▼ $963,781
Other Assets Total$0$0→ $0
Liabilities
Grants Payable$3,460,018$3,002,468▼ $457,550
Accounts Payable and Accrued Expenses$585,424$557,490▼ $27,934
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$4,045,442$3,559,958▼ $485,484
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,282,493$2,895,835▼ $386,658
Net Assets Without Donor Restrictions$910,194$818,555▼ $91,639
Total Net Assets Fund Balance$4,192,687$3,714,390▼ $478,297
Total Liabilities and Net Assets / Fund Balance$8,238,129$7,274,348▼ $963,781

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$573,377$138,772$712,149
Other Land Buildings$128,419$35,179$163,598
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joni-sue B LevineExecutive DirectorFT$209,399$33,456$242,855
Abby PitkowskyProgram DirectorFT$151,453$60,169$211,622
Ralia WagnerDirector of Finance and AdminFT$125,448$57,117$182,565
Myra RosenbaumDirector of Planning and OperationsFT$109,697$55,791$165,488
Adina Kay-grossEditorial DirectorFT$121,169$12,948$134,117
Ariel StewartSr. Program OfficerFT$101,562$29,615$131,177

Board Members and Trustees

NameTitle
Deborah S MeyerBoard CHAIR
Cheryl R FinkelImmediate Past Chair
Barbara Goodman ManilowPresident
Barry JosephDirector
Dr ANNIE POLLANDDirector
Dr Arnold M EisenDirector
Dr RENA DORPHDirector
Jordan T GoodmanDirector
Oren KaunferDirector
Sara Crown StarDirector
Stevin AinDirector
Dr Steven B NasatirTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Rosov Consulting LLCGrant EVAL/OVERSIGHT2095 Rose Street Suite 101, Berkeley, CA 94709$136,750
Revenue and Support

Revenue Composition

Contributions and Grants
$5,612,036
Program Service Revenue
$0
Investment Income
$128
Other Revenue
$0
All Other Contributions
$5,612,036
Change in Net Assets
$-91,639

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,612,164
Revenue Not Reported on Form 990
$62,541
Total Revenue per Audited Statements
$5,674,705
Total Revenue per Form 990
$5,612,164
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,147,557
Grants and Similar Amounts Paid$1,797,624
Salaries, Compensation, and Employee Benefits$1,758,622
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,492,624--$1,492,624
Other Salaries and Wages$859,601$171,220-$1,030,821
Fees for Services Other$699,270$27,374-$726,644
Conferences and Meetings$461,272$2,838-$464,110
Grants to Domestic Individuals$305,000--$305,000
Other Employee Benefits$219,131$56,142-$275,273
Information Technology$154,674$110,620-$265,294
Current Officers, Directors, Trustees, and Key Employees$219,110$24,346-$243,456
Occupancy$58,944$86,940-$145,884
Travel$133,883$2,793-$136,676
Office Expenses$74,191$53,680-$127,871
Advertising$124,890$822-$125,712
Pension Plan Contributions$99,473$16,737-$116,210
Depreciation Depletion$85,295$16,329-$101,624
Payroll Taxes$78,721$14,141-$92,862
Fees for Services Accounting-$27,508-$27,508
Insurance$22,019$4,215-$26,234
Total Functional Expenses$5,088,098$615,705$0$5,703,803

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,153,002
Expenses per Audited Statements$5,703,803
Total Expenses per Form 990$5,703,803
Expenses Not Reported on Form 990$449,199
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
InHEIRitance ProjectNew York, NY501(c)(3)See Part Iv$150,000
KeshetNewton, MA501(c)(3)See Part Iv$150,000
Jewtina y Co (FSSocial Good Fund)Richmond, CA501(c)(3)See Part Iv$139,500
GrowTorahTeaneck, NJ501(c)(3)See Part Iv$134,000
Institute for Southern Jewish LifeJackson, MS501(c)(3)See Part Iv$100,000
Divorce & Discovery(FS Camp Towonga)San Francisco, CA501(c)(3)See Part Iv$90,000
AdamahReisterstown, MD501(c)(3)See Part Iv$86,460
Hebrew at the CenterWestborough, MA501(c)(3)See Part Iv$85,000
Edge Grant Leveraging SuccessTbd, NY501(c)(3)See Part Iv$50,000
Jewish Communities of VermontBurlington, VT501(c)(3)See Part Iv$50,000
Machon Siach at SAR High SchoolRiverdale, NY501(c)(3)See Part Iv$50,000
Modern JewISH CouplesFlorence, MA501(c)(3)See Part Iv$50,000
OneTableNew York, NY501(c)(3)See Part Iv$50,000
SvivahWashington, DC501(c)(3)See Part Iv$50,000
The Brandeis School of San FranciscoSan Francisco, CA501(c)(3)See Part Iv$44,124
JimenaSan Francisco, CA501(c)(3)See Part Iv$40,000
Civic Spirit (FSHillel)Washington, DC501(c)(3)See Part Iv$20,000
Embrace Community ProgramsNew York, NY501(c)(3)See Part Iv$20,000
Foundation for Jewish CampNew York, NY501(c)(3)See Part Iv$20,000
Kirva (FSFJC)New York, NY501(c)(3)See Part Iv$20,000
Mishkan ChicagoChicago, IL501(c)(3)See Part Iv$20,000
National Ramah CommissionNew York, NY501(c)(3)See Part Iv$20,000
SvivahWashington, DC501(c)(3)See Part Iv$20,000
The InHEIRitance ProjectNew York, NY501(c)(3)See Part Iv$20,000
Zumwalt Acres(FSGood People Fund)Millburn, NJ501(c)(3)See Part Iv$19,000
Paradigm ProjectChicago, IL501(c)(3)See Part Iv$16,000
Hebrew CollegeNewton, MA501(c)(3)See Part Iv$15,000
Jewish Women's ArchiveAuburndale, MA501(c)(3)See Part Iv$15,000
Association for Reform Jewish EducatorsNew York, NY501(c)(3)See Part Iv$8,000
OneTableNew York, NY501(c)(3)See Part Iv$8,000
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
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joni-sue B Levine
Formed
1990
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
12
Employees
11
Volunteers
12

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, Part IV, Purpose of Grant pg 1-3

1. Student Delegates Program Expansion: To expand the Student Delegates Program to additional day schools and to provide cohorts of educators across the country with the tools and support to facilitate programming in student clubs based on the intersection of Jewish values and civic engagement. 2. Shabbat Show: A Children's Jewish Theatrical Adventure: To enhance the Shabbat Show program through curriculum expansion and the pilot of a weeklong camp in order to empower children to co-create original theatrical performances based on Jewish stories. 3. L'Hadlik: Igniting a Deeper Connection to Shabbat at Day Camps. To create meaningful and joyful Jewish experiences at day camps by training art specialists to facilitate and design Shabbat-themed art programs. 4. Soul Work for Disability Justice: To develop disability-centered programming and convene learning groups that equip disability community members and allies with Jewish spiritual practices to support disability justice within their lives and communities. 5. Post-Conversion Support for Jews by Choice: To launch an initiative that supports the ritual, learning, and communal needs of Jews by Choice in order to empower them to take an active role in their Jewish journeys beyond the conversion process. 6. Advancing Latin-Jewish Educators Through Integrative Leadership and Values-Based Learning: To develop PUENTES Fellowship cohorts designed for Latin-Jewish educators to deepen their connection to Jewish and Latin values and support their development as leaders within their diverse communities. 7. Rooted Jewish Community for Young Adults: To expand and formalize the Jewish educational curriculum of the Emerging Jewish Climate Leaders apprenticeship program to empower young adults to apply Jewish wisdom to contemporary agricultural and climate challenges. 8. Encountering Democracy: The (Mifgash) Project: To develop a kindergarten through eighth grade curriculum and an educator's toolkit on civic engagement and American Jewish history. 9. Shmita Statewide: To develop a sustainable statewide program that unites the Jewish community through collaborative Jewish education programs focused on a variety of issues, including shmita and the seven-year cycle of renewal and action. 10. Journey to the Mizrah Integration Program: To support the creation of a resource toolkit and training for Jewish educators, so they are better equipped to integrate Sephardic and Mizrahi Studies into their learning spaces, and are culturally responsive to diverse Jewish student bodies. 11. Faculty Beit Midrash Innovation Lab: To launch the Faculty Beit Midrash Innovation Lab, which will provide opportunities for practical educational innovation by supporting faculty members in bringing their research to life in the classroom and the school. 12. Modern JewISH Couples Workshop and Trainings: 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. The 25th Hour: To develop, in partnership with Let it Ripple, a virtual program to prepare cohorts of Jewish young adults to engage in tech-free Shabbat as a means of fostering lifelong mental health and well-being. 14. HerSpirit: 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. Pritzat Derech: Ensuring Students with Language-Based Learning Disabilities "Break Through" to a Positive Hebrew Journey: To convene Hebrew language learning experts who will develop and pilot a systematic strategy to increase the effectiveness of day school Hebrew instruction for students with language-based learning disabilities. 16. Hineinu Y'all: Reimagining Jewish Education in the South. To re-envision ISJ

Form 990 Part IX Line 11G

Description:consultant fee total fees:531854

Form 990 Part IX Line 11G

Description:grant eveluation total fees:192660

Form 990 Part IX Line 11G

Description:pension fee total fees:2130

Financial Statement Notes

FORM 990, Schedule D, Part X, Line 2

The Foundation, in accordance with accounting standards regarding accounting for uncertainty in income taxes has evaluated uncertain Tax positions regarding accounting for contingencies and has determined it has no uncertain tax positions as December 31, 2023 and 2022. The Foundation files tax return 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 - ($386,658).

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Document Assets

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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