Liabilities / Assets
56th percentile
Tied with the lowest-debt nonprofits in its peer group.
Philip G Covone Evangelistic Association Incorporated
990EZ • Fiscal year 2024 • EIN 45-5468129
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
57th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
47th percentile
Higher net margin than 47% of similar nonprofits.
Top Officer Pay
79th percentile
Higher top officer pay than 79% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
56th percentile
Faster asset growth than 56% of similar nonprofits.
Revenue Growth
34th percentile
Faster revenue growth than 34% of similar nonprofits.
Balance Sheet
Assets
Up$48,323
Up $2,252 (+4.9%) from 2023
Net Assets
Up$48,323
Up $2,406 (+5.2%) from 2023
Liabilities
Down$0
Down $154 (-100%) from 2023
Revenue And Expenses
Revenue
Down$128,638
Down $13,684 (-9.6%) from 2023
Expenses
Down$126,232
Down $36,691 (-23%) from 2023
Net Income
Up$2,406
Up $23,007 (+112%) from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Feb 24, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $128,638
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 | - | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Jami Covone | CFO | FT | $0 | - | - |
| Philip Covone | CEO | FT | $0 | - | - |
| John Read | Comptroller | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Covone Ministries
- EIN
- 45-5468129
- In Care Of
- % John Read
- Phone
- 7706164775
- Address
- 1060 Blind Brook Circle, Hoschton, GA 30548
Signing Officer
- Name
- John Read
- Title
- Comptroller
- Phone
- 7706164775
- Signed
- 2025-02-24
- Discuss with paid preparer
- No
Preparer
- Firm
- Davidson & McGlaun LLC
- Address
- 360 Lake Club Circle, Lavonia, GA 30553
- Preparer
- Michelle L Davidson
- Phone
- 7708550954
Supplemental Narrative
Additional Explanations
Description of other revenue Part I line 8
“Description AmountRental Income 350”
Description of other expenses Part I line 16
“Description AmountAdvertising and marketing 1,450Bank and credit card service fees 219Dues and subscriptions 1,656Office and general supplies 2,124Vehicle expenses 4,711Benevolence 221Mission Support 2,476Travel expense 5,967Faithful disciple expenses 359Materials and resources 634Other expenses 793”
Description of other assets Part II line 24
“Category Beginning of Year End of YearCredit card overpayment 794 0Payroll Liabilities 0 1,186”
Description of total liabilities Part II line 26
“Category Beginning of Year End of YearPayroll liabilities 154 0”
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.”
Raw XML Appendix154 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 | 25450 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 27310 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 128288 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 2406 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1200 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 46071 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 48323 |
| IRS990EZ/GrossReceiptsAmt | 0 | 128638 |
| 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 | 45917 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 48323 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 45917 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 48323 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 35680 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 60.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Jami Covone |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Philip Covone |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | John Read |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | CFO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | CEO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Comptroller |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 794 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 1186 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 20610 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 350 |
| 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 | 182 |
| 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 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 68560 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | GA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 154 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 126232 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 128638 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 128288 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 138822 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 190681 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 165266 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 104469 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 727526 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 350 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 3500 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 600 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 3700 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 8150 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.97300 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.95400 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 715802 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 11724 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 128288 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 138822 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 190681 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 165266 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 104469 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 727526 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 735676 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description AmountRental Income 350 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description AmountAdvertising and marketing 1,450Bank and credit card service fees 219Dues and subscriptions 1,656Office and general supplies 2,124Vehicle expenses 4,711Benevolence 221Mission Support 2,476Travel expense 5,967Faithful disciple expenses 359Materials and resources 634Other expenses 793 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Category Beginning of Year End of YearCredit card overpayment 794 0Payroll Liabilities 0 1,186 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Category Beginning of Year End of YearPayroll liabilities 154 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | 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/FormAndLineReferenceDesc | 0 | Description of other revenue Part I line 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Description of other assets Part II line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Description of total liabilities Part II line 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | General explanation attachment |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | false |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JOHN READ |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Comptroller |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7706164775 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-02-24 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Covone Ministries |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | COVO |
| ReturnHeader/Filer/EIN | 0 | 455468129 |
| ReturnHeader/Filer/InCareOfNm | 0 | % John Read |
| ReturnHeader/Filer/PhoneNum | 0 | 7706164775 |
| 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 | 994692590 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Davidson & McGlaun LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 360 Lake Club Circle |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Lavonia |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | GA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 30553 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7708550954 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-02-28 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | MICHELLE L DAVIDSON |
| ReturnHeader/ReturnTs | 0 | 2025-02-28T15:21:53-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $48,323
- Liabilities
- $0
- Net assets
- $48,323
- Revenue
- $128,638
- Expenses
- $126,232
- Net income
- $2,406