Liabilities / Assets
5th percentile
Higher debt load relative to assets than 5% of similar nonprofits.
Cove Charitable Trust Fund
EIN 41-1794875 • 501(c)3 • Charlotte, NC
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
8th percentile
Higher debt load relative to revenue than 8% of similar nonprofits.
Net Margin
84th percentile
Higher net margin than 84% of similar nonprofits.
Top Officer Pay
32nd percentile
Higher top officer pay than 32% of similar nonprofits.
Top officer pay equals 6.8% of source-year revenue.
Asset Growth
22nd percentile
Faster asset growth than 22% of similar nonprofits.
Revenue Growth
12th percentile
Faster revenue growth than 12% of similar nonprofits.
Balance Sheet
Assets
Down$67,154,790
Down $815,567 (-1.2%) from 2013
Liabilities
Up$56,121
Up $28,377 (+102%) from 2013
Net Assets
Down$67,098,669
Down $843,944 (-1.2%) from 2013
Revenue
Down$3,288,954
Down $543,746 (-14%) from 2013
Expenses
Up$2,143,671
Up $64,891 (+3.1%) from 2013
Net Income
Down$1,145,283
Down $608,637 (-35%) from 2013
Trend Graphs
Filings
Most recent year
2014 • Form 990Summary only. Only limited summary data is available for this year.
- Assets
- $67,154,790
- Liabilities
- $56,121
- Net assets
- $67,098,669
- Revenue
- $3,288,954
- Expenses
- $2,143,671
- Net income
- $1,145,283
Latest Detailed Filing
The latest 2014 filing currently has summary financial data only. Showing the latest detailed filing from 2012 below.
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2012 to Dec 31, 2012
- Signed
- Jul 30, 2013
- Return Version
- 2012v2.1
- Gross Receipts
- $54,422,189
Mission and Program Overview
Mission
Part i, line 1, and part iii, line 1 since 1988, the billy graham training center at the cove has been training christian leaders and lay people to study god's word, the bible, and share his good news across the globe. We believe that the problems facing our world today - economically, politically, and racially - are the direct result of human sin. The bible, which we believe is the only inspired work of god, states that "all have sinned and fall short of the glory of god" (romans 3:23). Sin separates us from god: "the wages of sin is death" (romans 6:23), and as a result, the whole earth and everything in it are under god's curse. There is good news, and we proclaim it to anyone and everyone who will hear. God sent his son, jesus christ, from heaven to earth to take our sins upon himself. He paid the penalty for our sins by dying in our place on the cross, and then he rose again to life. Jesus opened the way for us to know god. We believe that jesus is the only way to god, and he said
Filing and Contact Details
Filer
- EIN
- 41-1794875
Raw XML AppendixShowing 400 of 648 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/Description | 0 | THE PURPOSE OF THE COVE CHARITABLE TRUST FUND IS TO PROVIDE AN ONGOING SOURCE OF FUNDING FOR SUPPORTING, MAINTAINING, AND IMPROVING THE FACILITIES AND MINISTRY AT THE BILLY GRAHAM TRAINING CENTER AT THE COVE. THE PRIMARY INVESTMENT OBJECTIVE OF THIS FUND IS TO PRESERVE AND PROTECT ASSETS BY FOCUSING ON CONSERVATION OF PRINCIPAL AND LONG-TERM GROWTH OF CAPITAL AND INCOME. THIS OBJECTIVE IS GENERALLY ATTAINED BY INVESTING IN A DIVERSIFIED PORTFOLIO OF HIGH QUALITY SECURITIES. EXPENDITURES FROM THE FUND HAVE BEEN BASED UPON A SPENDING PLAN USING A THREE-YEAR ROLLING AVERAGE OF FUND ASSETS. FOR 2012, 1,735,100 WAS TRANSFERRED TO ASSIST IN THE SUPPORT OF THE MINISTRY OF THE COVE. |
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| IRS990/MissionDescription | 0 | SINCE 1988, THE BILLY GRAHAM TRAINING CENTER AT THE COVE HAS BEEN TRAINING CHRISTIAN LEADERS AND LAY PEOPLE TO STUDY GOD'S WORD, THE BIBLE, AND SHARE HIS GOOD NEWS ACROSS THE GLOBE. WE BELIEVE THAT THE PROBLEMS FACING OUR WORLD TODAY - ECONOMICALLY, POLITICALLY, AND RACIALLY - ARE THE DIRECT RESULT OF HUMAN SIN. THE BIBLE, WHICH WE BELIEVE IS THE ONLY INSPIRED WORD OF GOD, STATES THAT "ALL HAVE SINNED AND FALL SHORT OF THE GLORY OF GOD" (ROMANS 3:23). SIN SEPARATES US FROM GOD: "THE WAGES OF SIN IS DEATH" (ROMANS 6:23), AND AS A RESULT, THE WHOLE EARTH AND EVERYTHING IN IT ARE UNDER GOD'S CURSE. THERE IS GOOD NEWS, AND WE PROCLAIM IT TO ANYONE AND EVERYONE WHO WILL HEAR. GOD SENT HIS SON, JESUS CHRIST, FROM HEAVEN TO EARTH TO TAKE OUR SINS UPON HIMSELF. HE PAID THE PENALTY FOR OUR SINS BY DYING IN OUR PLACE ON THE CROSS, AND THEN HE ROSE AGAIN TO LIFE. JESUS OPENED THE WAY FOR US TO KNOW GOD. WE BELIEVE THAT JESUS IS THE ONLY WAY TO GOD, AND HE SAID HIMSELF, "I AM THE WAY AND THE TRUTH |
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| IRS990/OtherRevenueMisc/Description | 0 | MISCELLANEOUS REVENUE |
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| IRS990/PartialLiquidation | 0 | false |
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| IRS990/ReportOtherLiabilities | 0 | false |
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| IRS990/SalariesEtcCurrentYear | 0 | 0 |
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| IRS990ScheduleA/ContribByControllingIndividual | 0 | false |
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| IRS990ScheduleA/SupportedOrgInformation/Name/BusinessNameLine1 | 0 | BILLY GRAHAM EVANGELISTIC ASSOCIATION |
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| IRS990ScheduleB/ContributorInfo/AggregateContributions | 0 | RESTRICTED |
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| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City | 0 | RESTRICTED |
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| IRS990ScheduleD/EndowmentsHeldByRelatedOrgs | 0 | false |
| IRS990ScheduleD/EndowmentsHeldByUnrelatedOrgs | 0 | false |
| IRS990ScheduleD/FootnoteInPartXIII | 0 | X |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 0 | THE PURPOSE OF THE ENDOWMENT FUNDS OF THE COVE CHARITABLE TRUST FUND IS TO PROVIDE AN ONGOING SOURCE OF FUNDING FOR SUPPORTING, MAINTAINING, AND IMPROVING THE FACILITIES AND MINISTRY AT THE BILLY GRAHAM TRAINING CENTER AT THE COVE. |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 1 | AS REQUIRED BY U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PERTAINING TO UNCERTAIN TAX POSITIONS, THE ORGANIZATION RECORDS A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE ORGANIZATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF DECEMBER 31, 2012 AND 2011, AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. THE ORGANIZATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2011. |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 0 | INTENDED USES FOR ENDOWMENT FUNDS |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 1 | LIABILITY UNDER FIN 48 FOOTNOTE |
| IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference | 0 | SCHEDULE D, PAGE 2, PART V, LINE 4 |
| IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference | 1 | SCHEDULE D, PAGE 3, PART X |
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| IRS990ScheduleD/TermEndowmentEOYBalance | 0 | 0.00030 |
| IRS990ScheduleJ/AnyNonFixedPayments | 0 | false |
| IRS990ScheduleJ/BoardOrCommitteeApproval | 0 | X |
| IRS990ScheduleJ/CompBasedNetEarningsFilingOrg | 0 | false |
| IRS990ScheduleJ/CompBasedNetEarningsRelateOrgs | 0 | false |
| IRS990ScheduleJ/CompBasedOnRevenueOfFilingOrg | 0 | false |
| IRS990ScheduleJ/CompBasedOnRevenueRelatedOrgs | 0 | false |
| IRS990ScheduleJ/CompensationCommittee | 0 | X |
| IRS990ScheduleJ/CompensationSurvey | 0 | X |
| IRS990ScheduleJ/EquityBasedCompArrangement | 0 | false |
| IRS990ScheduleJ/Form990OfOtherOrganizations | 0 | X |
| IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs | 0 | 78085 |
| IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs | 1 | 125790 |
| IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs | 2 | 217286 |
| IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs | 3 | 164167 |
| IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs | 4 | 99882 |
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