Civic Intelligence

Cove Endowment Trust Fund

990 • Fiscal year 2013 • EIN 41-1794875

Jan 01, 2013 to Dec 31, 2013

Charlotte, NC
Siviq Scores

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

Liabilities / Assets

3rd percentile

0.00x

Higher debt load relative to assets than 3% of similar nonprofits.

2013 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2013

Liabilities / Revenue

5th percentile

0.01x

Higher debt load relative to revenue than 5% of similar nonprofits.

2013 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2013

Net Margin

87th percentile

46%

Higher net margin than 87% of similar nonprofits.

2013 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

56th percentile

6.6%

Faster asset growth than 56% of similar nonprofits.

2013 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2012 to 2013

Revenue Growth

81st percentile

42%

Faster revenue growth than 81% of similar nonprofits.

2013 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2011 to 2013

Assets

Up

$67,970,357

Up $4,232,419 (+6.6%) from 2012

Net Assets

Up

$67,942,613

Up $4,241,005 (+6.7%) from 2012

Liabilities

Down

$27,744

Down $8,586 (-24%) from 2012

Revenue

$3,832,700

No earlier filing loaded for comparison.

Expenses

Up

$2,078,780

Up $64,027 (+3.2%) from 2012

Net Income

$1,753,920

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 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

2013

Assets$67,970,357
Liabilities$27,744
Net Assets$67,942,613

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2010: $207,1682010Revenue 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

2013

Revenue$3,832,700
Expenses$2,078,780
Net Income$1,753,920
Filing Detail Status

This 2013 filing currently has summary financial data only. Detailed schedules, leadership, and program rows are not available for this filing yet.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
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

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)3 • $50M-$100M nonprofits