Civic Intelligence

Cove Endowment Trust Fund

990 • Fiscal year 2014 • EIN 41-1794875

Jan 01, 2014 to Dec 31, 2014

Charlotte, NC
Siviq Scores

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

Liabilities / Assets

4th percentile

0.00x

Higher debt load relative to assets than 4% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

6th percentile

0.02x

Higher debt load relative to revenue than 6% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

85th percentile

35%

Higher net margin than 85% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

20th percentile

-1.2%

Faster asset growth than 20% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

13th percentile

-14%

Faster revenue growth than 13% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Assets

Down

$67,154,790

Down $815,567 (-1.2%) from 2013

Net Assets

Down

$67,098,669

Down $843,944 (-1.2%) from 2013

Liabilities

Up

$56,121

Up $28,377 (+102%) 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

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

2014

Assets$67,154,790
Liabilities$56,121
Net Assets$67,098,669

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

2014

Revenue$3,288,954
Expenses$2,143,671
Net Income$1,145,283
Filing Detail Status

This 2014 filing currently has summary financial data only. Detailed schedules, leadership, and program rows are not available for this filing yet.

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Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
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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