Civic Intelligence

Philip G Covone Evangelistic Association Incorporated

990EZ • Fiscal year 2021 • EIN 45-5468129

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

Organization ProfileNA
2643 Haynes Meadow CTGrayson, GA 30017

(770) 616-4775

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

79th percentile

36%

Higher net margin than 79% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

95th percentile

$60,769

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 36.6% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

98th percentile

542%

Faster asset growth than 98% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

76th percentile

53%

Faster revenue growth than 76% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$66,989

Up $56,553 (+542%) from 2020

Net Assets

Up

$66,989

Up $56,553 (+542%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin79th percentile

Revenue

Up

$165,866

Up $57,697 (+53%) from 2020

Expenses

Up

$106,464

Up $8,460 (+8.6%) from 2020

Net Income

Up

$59,402

Up $49,237 (+484%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$80K$60K$40K$20K$0Assets 2020: $10,436Liabilities 2020: $0Net Assets 2020: $10,4362020Assets 2021: $66,989Liabilities 2021: $0Net Assets 2021: $66,9892021Assets 2022: $66,877Liabilities 2022: $359Net Assets 2022: $66,5182022Assets 2023: $46,071Liabilities 2023: $154Net Assets 2023: $45,9172023Assets 2024: $48,323Liabilities 2024: $0Net Assets 2024: $48,3232024Assets 2025: $31,647Liabilities 2025: $0Net Assets 2025: $31,6472025

Highlighted filing

2021

Assets$66,989
Liabilities$0
Net Assets$66,989
Open 2021 Filing

Operations Trend

Revenue Growth76th percentile

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

$200K$100K$0-$100KRevenue 2020: $108,169Expenses 2020: $98,004Net Income 2020: $10,1652020Revenue 2021: $165,866Expenses 2021: $106,464Net Income 2021: $59,4022021Revenue 2022: $190,681Expenses 2022: $184,891Net Income 2022: $5,7902022Revenue 2023: $142,322Expenses 2023: $162,923Net Income 2023: -$20,6012023Revenue 2024: $128,638Expenses 2024: $126,232Net Income 2024: $2,4062024Revenue 2025: $111,106Expenses 2025: $127,782Net Income 2025: -$16,6762025

Highlighted filing

2021

Revenue$165,866
Expenses$106,464
Net Income$59,402
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$165,866
Mission and Program Overview

Mission

Share gospel of Jesus in rural Mexico

Share gospel of jesus to rural mexico

Program Services

DescriptionGrantsExpenses
BAPTISMS FOR PEOPLE WHO PUT THEIR FAITH IN CHRIST,PERFORMED ATLAPOLVARA RANCH, SAN LUIS POTOSI, MEXICO.-$6,300
WROTE AND AUTHORED A DAILY DEVOTIONAL SENT TO EACH DISCIPLE PERSONALLY.CO-LED A WEEKLY PRAYER GROUP IN SAN LUIS POTOSI.-$3,890
MENTORED THE DISCIPLES WHO ARE LEADING BIBLE STUDIES OR HOUSE CHURCHES BY WEEKLY CALLS AND MESSAGING.-$2,600
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
PHILIP COVONECEOFT$4,512$56,257$60,769
JAMI COVONECFOFT$0--
Filing and Contact Details

Filer

Filer Name
Covone Ministries
EIN
45-5468129
Address
2643 HAYNES MEADOW CT, GRAYSON, GA 30017

Signing Officer

Name
Phil Covone
Title
CEO
Phone
7706164775
Signed
2022-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Heritage Accounting Tax Srvs Inc
Address
355 N JEFF DAVIS DRIVE, Fayetteville, GA 30214
Preparer
G Douglas Rivers
Phone
7704613684
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

“Description amountfacility rental income 600”

Description of other expenses Part I line 16

“Description amountadministrative expenses 10,032ministry expensess 13,720”

Description of other assets Part II line 24

“Category beginning of year end of yearfifth wheel travel trailer 0 28,912hyundai sonata 0 19,827”

Raw XML Appendix141 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.

Path#Value
CompensationExplanation/CompensationExplanationGrp/PersonNm0PHILIP COVONE
CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt0SALARY 4,512 HOUSING ALLOWANCE 30,000 HEALTH BENEFIT 26,257 TOTAL 60,769
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0JAMI COVONE
IRS990EZ/BooksInCareOfDetail/PhoneNum07706164775
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0313 HARDEN STREET SE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ATLANTA
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0GA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd030312
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt07587
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt018250
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0165266
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt059402
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt07587
IRS990EZ/Form990TotalAssetsGrp/EOYAmt066989
IRS990EZ/GrossReceiptsAmt0165866
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt07587
IRS990EZ/NetAssetsOrFundBalancesEOYAmt066989
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt07587
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt066989
IRS990EZ/OccupancyRentUtltsAndMaintAmt021943
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt160.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt14512
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt126257
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt130000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JAMI COVONE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1PHILIP COVONE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CFO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CEO
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt048739
IRS990EZ/OtherExpensesTotalAmt023752
IRS990EZ/OtherRevenueTotalAmt0600
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0SHARE GOSPEL OF JESUS TO RURAL MEXICO
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0BAPTISMS FOR PEOPLE WHO PUT THEIR FAITH IN CHRIST,PERFORMED ATLAPOLVARA RANCH, SAN LUIS POTOSI, MEXICO.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1MENTORED THE DISCIPLES WHO ARE LEADING BIBLE STUDIES OR HOUSE CHURCHES BY WEEKLY CALLS AND MESSAGING.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2WROTE AND AUTHORED A DAILY DEVOTIONAL SENT TO EACH DISCIPLE PERSONALLY.CO-LED A WEEKLY PRAYER GROUP IN SAN LUIS POTOSI.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt06300
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt12600
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt23890
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt060769
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0GA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0106464
IRS990EZ/TotalProgramServiceExpensesAmt012790
IRS990EZ/TotalRevenueAmt0165866
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0165266
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0104469
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0269735
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0600
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt03700
IRS990ScheduleA/OtherIncome170Grp/TotalAmt04300
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0249201
IRS990ScheduleA/SubstantialContributorsTotAmt020534
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0165266
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0104469
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0269735
IRS990ScheduleA/TotalSupportAmt0274035
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTFACILITY RENTAL INCOME 600
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTADMINISTRATIVE EXPENSES 10,032MINISTRY EXPENSESS 13,720
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CATEGORY BEGINNING OF YEAR END OF YEARFIFTH WHEEL TRAVEL TRAILER 0 28,912HYUNDAI SONATA 0 19,827
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other assets Part II line 24
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PHIL COVONE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07706164775
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COVONE MINISTRIES
ReturnHeader/Filer/BusinessNameControlTxt0COVO
ReturnHeader/Filer/EIN0455468129
ReturnHeader/Filer/USAddress/AddressLine1Txt02643 HAYNES MEADOW CT
ReturnHeader/Filer/USAddress/CityNm0GRAYSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030017
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0582332950
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HERITAGE ACCOUNTING TAX SRVS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0355 N JEFF DAVIS DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Fayetteville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030214
ReturnHeader/PreparerPersonGrp/PhoneNum07704613684
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0G DOUGLAS RIVERS
ReturnHeader/ReturnTs02022-11-14T10:43:48-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PHIL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0COVONE
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$66,989
Liabilities
$0
Net assets
$66,989
Revenue
$165,866
Expenses
$106,464
Net income
$59,402
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.32$0.00$0.32$1.11$1.28$0.17
2024Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$1.29$1.26$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$1.42$1.63$0.21
2022Detailed filing. Detailed filing data is available for this year.$0.67$0.00$0.67$1.91$1.85$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.67$0.00$0.67$1.66$1.06$0.59
2020Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$1.08$0.98$0.10