Liabilities / Assets
62nd percentile
Higher debt load relative to assets than 62% of similar nonprofits.
Philip G Covone Evangelistic Association Incorporated
990EZ • Fiscal year 2023 • EIN 45-5468129
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
60th percentile
Higher debt load relative to revenue than 60% of similar nonprofits.
Net Margin
23rd percentile
Higher net margin than 23% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
17th percentile
Faster asset growth than 17% of similar nonprofits.
Revenue Growth
21st percentile
Faster revenue growth than 21% of similar nonprofits.
Balance Sheet
Assets
Down$46,071
Down $20,806 (-31%) from 2022
Net Assets
Down$45,917
Down $20,601 (-31%) from 2022
Liabilities
Down$154
Down $205 (-57%) from 2022
Revenue And Expenses
Revenue
Down$142,322
Down $48,359 (-25%) from 2022
Expenses
Down$162,923
Down $21,968 (-12%) from 2022
Net Income
Down-$20,601
Down $26,391 (-456%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Apr 10, 2024
- Return Version
- 2023v5.0
- Gross Receipts
- $142,322
Mission and Program Overview
Mission
Share gospel of Jesus in rural Mexico
Program Services
| Description | Grants | Expenses |
|---|---|---|
| For rural areas of Mexico we establish Home Churches, mentor community church pastors, develop leadership and mentoring program for local Mexican pastors and churches | - | $163,073 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Jami Covone | CFO | FT | $0 | - | - |
| Philip Covone | CEO | FT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Covone Ministries
- EIN
- 45-5468129
- Address
- 1060 Blind Brook Circle, Hoschton, GA 30548
Signing Officer
- Name
- John Read
- Title
- Comptroller
- Phone
- 7706164775
- Signed
- 2024-04-10
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Michelle L McGlaun CPA
- Address
- 1320 Lakehaven Pkwy, McDonough, GA 30253
- Preparer
- Michelle L McGlaun-Davidson
- Phone
- 7708550954
Supplemental Narrative
Additional Explanations
General explanation attachment
“Primary purpose of Covone Ministries is to share the gospel of Jesus Christ, multiple disciples and house churches. Provice people in rural areas of Mexico that have no access to an evangelical church, we take the church to them and teach them how to conduct church.”
Description of other revenue Part I line 8
“Description AmountRental Income 3,500”
Description of other expenses Part I line 16
“Description AmountAdvertising and marketing 2,383Bank and credit card service fees 95Dues and subscriptions 2,356Office and general supplies 1,758Vehicle expenses 6,385Benevolence 590Enneagram ministry expenses 3,227Small equipment 146Faithful disciple expenses 255Materials and resources 856Missions support 5,409Project 5000 expenses 403Staff and leadership training 153Travel expenses 16,572”
Description of other assets Part II line 24
“Category Beginning of Year End of YearCredit card overpayment 0 794”
Description of total liabilities Part II line 26
“Category Beginning of Year End of YearPayroll liabilities 359 154”
Raw XML Appendix143 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Jami Covone |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7706164775 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1060 Blind Brook Circle |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Hoschton |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | GA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 30548 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 47050 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 25450 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 138822 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -20601 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 2353 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 66877 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 46071 |
| IRS990EZ/GrossReceiptsAmt | 0 | 142322 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 19827 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 19827 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 66518 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 45917 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 66518 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 45917 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 39708 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 60.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Jami Covone |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Philip Covone |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | CFO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | CEO |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 794 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 40588 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 3500 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Share gospel of Jesus in rural Mexico |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 300 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | For rural areas of Mexico we establish Home Churches, mentor community church pastors, develop leadership and mentoring program for local Mexican pastors and churches |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 163073 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 79974 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | GA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 359 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 154 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 162923 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 163073 |
| IRS990EZ/TotalRevenueAmt | 0 | 142322 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 138822 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 190681 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 165266 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 104469 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 599238 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 3500 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 600 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 3700 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 7800 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.95400 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.92300 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 579127 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 20111 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 138822 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 190681 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 165266 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 104469 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 599238 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 607038 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Primary purpose of Covone Ministries is to share the gospel of Jesus Christ, multiple disciples and house churches. Provice people in rural areas of Mexico that have no access to an evangelical church, we take the church to them and teach them how to conduct church. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description AmountRental Income 3,500 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Description AmountAdvertising and marketing 2,383Bank and credit card service fees 95Dues and subscriptions 2,356Office and general supplies 1,758Vehicle expenses 6,385Benevolence 590Enneagram ministry expenses 3,227Small equipment 146Faithful disciple expenses 255Materials and resources 856Missions support 5,409Project 5000 expenses 403Staff and leadership training 153Travel expenses 16,572 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Category Beginning of Year End of YearCredit card overpayment 0 794 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Category Beginning of Year End of YearPayroll liabilities 359 154 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | General explanation attachment |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Description of other revenue Part I line 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Description of other assets Part II line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Description of total liabilities Part II line 26 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd | 0 | 00 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 3 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | John Read |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Comptroller |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7706164775 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-04-10 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Covone Ministries |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | COVO |
| ReturnHeader/Filer/EIN | 0 | 455468129 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1060 Blind Brook Circle |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Hoschton |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | GA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 30548 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 811336355 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Michelle L McGlaun CPA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1320 Lakehaven Pkwy |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | McDonough |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | GA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 30253 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7708550954 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-04-10 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Michelle L McGlaun-Davidson |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2024-04-10T10:41:16-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | John |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | Read |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $46,071
- Liabilities
- $154
- Net assets
- $45,917
- Revenue
- $142,322
- Expenses
- $162,923
- Net income
- -$20,601