Civic Intelligence

Cove Endowment Trust Fund

990 • Fiscal year 2011 • EIN 41-1794875

Jan 01, 2011 to Dec 31, 2011 • Filed on Aug 01, 2012

PO Box 66812928266
Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$59,985,600

Flat from 2011

Net Assets

Flat

$59,947,776

Flat from 2011

Liabilities

Flat

$37,824

Flat from 2011

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

Flat

$283,923

Flat from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $59,871,141Liabilities 2010: $64,865Net Assets 2010: $59,806,2762010Assets 2011: $59,985,600Liabilities 2011: $37,824Net Assets 2011: $59,947,7762011Assets 2011: $59,985,600Liabilities 2011: $37,824Net Assets 2011: $59,947,7762011Assets 2012: $63,737,938Liabilities 2012: $36,330Net Assets 2012: $63,701,6082012Assets 2013: $67,970,357Liabilities 2013: $27,744Net Assets 2013: $67,942,6132013Assets 2014: $67,154,790Liabilities 2014: $56,121Net Assets 2014: $67,098,6692014

Highlighted filing

2011

Assets$59,985,600
Liabilities$37,824
Net Assets$59,947,776

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2010: $207,1682010Expenses 2011: $283,9232011Revenue 2011: $1,912,337Expenses 2011: $283,923Net Income 2011: $1,628,4142011Expenses 2012: $2,014,7532012Revenue 2013: $3,832,700Expenses 2013: $2,078,780Net Income 2013: $1,753,9202013Revenue 2014: $3,288,954Expenses 2014: $2,143,671Net Income 2014: $1,145,2832014

Highlighted filing

2011

Revenue-
Expenses$283,923
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Aug 1, 2012
Return Version
2011v1.2
Gross Receipts
$52,201,212
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
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IRS990/Description0THE BILLY GRAHAM TRAINING CENTER AT THE COVE EQUIPS PEOPLE TO STUDY GOD'S WORD, THE BIBLE, AND SHARE HIS LOVE WITH THE WORLD. THE BIBLE SAYS THAT "ALL SCRIPTURE IS INSPIRED BY GOD AND IS USEFUL TO TEACH US WHAT IS TRUE AND TO MAKE US REALIZE WHAT IS WRONG IN OUR LIVES. GOD USES IT TO PREPARE AND EQUIP HIS PEOPLE TO DO EVERY GOOD WORK" (2 TIMOTHY 3:16-17). THE COVE CHARITABLE TRUST FUND PROVIDES FUNDING TO SUPPORT, MAINTAIN, AND IMPROVE THE FACILITIES OF THE COVE, SO THAT CHRISTIANS CAN STUDY THE BIBLE AND BE PREPARED FOR EVERY GOOD WORK. FOR 2011 THE BOARD DECIDED NOT TO SPEND ANY OF THE INCOME FROM THE TRUST FUND IN ORDER FOR THE FUND TO GROW. THE BOARD APPROVED SPENDING TO RESUME IN 2012.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE 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/Form990ScheduleDPartXIV/Explanation1AS REQUIRED BY U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PERTAINING TO TAX POSITION, 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, 2011 AND 2010, AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0INTENDED USES FOR ENDOWMENT FUNDS
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier1LIABILITY UNDER FIN 48 FOOTNOTE
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/IncludedOnFS0false
IRS990ScheduleD/Sect170hRequirementsSatisfied0false
IRS990ScheduleD/SolicitedAssetsForSale0false
IRS990ScheduleD/WrittenPolicyMonitoring0false
IRS990ScheduleJ/AnyNonFixedPayments0false
IRS990ScheduleJ/BoardOrCommitteeApproval0X
IRS990ScheduleJ/CompBasedNetEarningsFilingOrg0false
IRS990ScheduleJ/CompBasedNetEarningsRelateOrgs0false
IRS990ScheduleJ/CompBasedOnRevenueOfFilingOrg0false
IRS990ScheduleJ/CompBasedOnRevenueRelatedOrgs0false
IRS990ScheduleJ/CompensationCommittee0X
IRS990ScheduleJ/CompensationSurvey0X
IRS990ScheduleJ/EquityBasedCompArrangement0false
IRS990ScheduleJ/Form990OfOtherOrganizations0X
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs0126569
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs138669
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs2209944
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs3159498
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs472682
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs025690
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs112917
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs213196
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs310224
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs423382
IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0PART II ALL THE COMPENSATION LISTED IN PART II OF SCHEDULE J FROM A RELATED ORGANIZATION CAME FROM THE BILLY GRAHAM EVANGELISTIC ASSOCIATION FOR SERVICES RENDERED TO THAT ORGANIZATION. PART II, COLUMN B(III) THE OTHER REPORTABLE COMPENSATION FOR BILLY GRAHAM INCLUDES SUPPORT COSTS OF 59,065 PAID FOR BY THE BILLY GRAHAM EVANGELISTIC ASSOCIATION, A RELATED ORGANIZATION, FOR DR. BILLY GRAHAM THAT ARE REQUIRED FOR HIM TO CONTINUE TO SERVE AND PERFORM HIS DUTIES AND RESPONSIBILITIES FOR THE BILLY GRAHAM EVANGELISTIC ASSOCIATION.
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier0OTHER ADDITIONAL INFORMATION
IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference0SCHEDULE J, PART III
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0DAVID P BRUCE
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson1BILLY GRAHAM
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson2JOEL B AARSVOLD
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson3DANIEL C ALLEN
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson4CLIFFORD B BARROWS
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs057818
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs1113190
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs224603
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs332313
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs487624
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs0312
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs163712
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs21100
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs3312
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs0210389
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs1228488
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs2248843

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