Covenant Kids Inc

“Ron schmidt pam schmidt director director family relationship karen lund daniel lund ed/pres sec/treas family relationship”

“The form 990 is prepared by a third party cpa who provides the form to the organization for review. The form 990 is reviewed by the president and cfo. Upon receiving approval, the cpa firm processes the return for signature efiling. The return is provided to the board before it is signed and filed with the irs. After provided, the president signs and files the return with the internal revenue service.”

“Board members are required to disclose all potential conflicts of interest to the board during their meeting. The board reviews all potential conflicts prior to any board action. The board makes a decision regarding the matter which is final.”

“The organization uses an independent compensation consultant to set the salary for the ceo. The salary is approved by the independent members of the board and documented in the minutes of the board meeting.”

“The organization uses comparative data to set the salary for the other officers and key employees. The salaries are approved by the independent members of the board and documented in the minutes of the board meeting.”

“The organization makes its governing documents, financial statements, and conflict of interest policy available upon request.”

“Covenant kids adoption program provides placement services to those families who have elected matched or foster care to adopt services. During 2024, the adoption program had 110 completed adoptions. Covenant kids post adoption program offers guidance and support to families who have adopted children from child protective services. The program assists adoptive families in adjusting to the new family dynamic, cope with the child's history of abuse, neglect and trauma and assist with mental health issues the child may be experiencing. In 2024, the organization served 485 families and 505 children.”

“Prior period adjustment -322,924 during the year ended december 31, 2024, management discovered that certain corrections needed to be made in 2023 to accounts receivable, allowance for bad debt, retained earnings, and bad debt expense. Customer accounts that were uncollectible in 2023 and not written off at that time were identified, and bad debts that had previously been written off were collected without adjusting bad debt expense properly. The aforementioned accounts have been adjusted according as of december 31, 2023.”