Civic Intelligence

Covenant Rescue Group

990 • Fiscal year 2023 • EIN 83-4554325

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 07, 2024

1034 Main Street STE 307Gardendale, AL 35071

(205) 514-7245

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.01x

Higher debt load relative to assets than 43% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

36th percentile

0.00x

Higher debt load relative to revenue than 36% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

70th percentile

17%

Higher net margin than 70% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

89th percentile

$109,845

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 13.8% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

96th percentile

193%

Faster asset growth than 96% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

99th percentile

719%

Faster revenue growth than 99% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$205,997

Up $135,627 (+193%) from 2022

Net Assets

Up

$204,550

Up $134,180 (+191%) from 2022

Liabilities

Up

$1,447

Up $1,447 from 2022

Revenue

Up

$797,468

Up $700,060 (+719%) from 2022

Expenses

Up

$662,518

Up $612,586 (+1227%) from 2022

Net Income

Up

$134,950

Up $87,474 (+184%) from 2022

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2019: $3,273Liabilities 2019: $0Net Assets 2019: $3,2732019Assets 2020: $62,087Liabilities 2020: $385Net Assets 2020: $61,7022020Assets 2021: $27,157Liabilities 2021: $0Net Assets 2021: $27,1572021Assets 2022: $70,370Liabilities 2022: $0Net Assets 2022: $70,3702022Assets 2023: $205,997Liabilities 2023: $1,447Net Assets 2023: $204,5502023Assets 2024: $113,439Liabilities 2024: $1,501Net Assets 2024: $111,9382024

Highlighted filing

2023

Assets$205,997
Liabilities$1,447
Net Assets$204,550

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2019: $28,046Expenses 2019: $24,773Net Income 2019: $3,2732019Revenue 2020: $130,484Expenses 2020: $72,055Net Income 2020: $58,4292020Revenue 2021: $54,062Expenses 2021: $88,607Net Income 2021: -$34,5452021Revenue 2022: $97,408Expenses 2022: $49,932Net Income 2022: $47,4762022Revenue 2023: $797,468Expenses 2023: $662,518Net Income 2023: $134,9502023Revenue 2024: $852,599Expenses 2024: $945,211Net Income 2024: -$92,6122024

Highlighted filing

2023

Revenue$797,468
Expenses$662,518
Net Income$134,950
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 7, 2024
Return Version
2023v5.1
Gross Receipts
$819,521
Mission and Program Overview

Mission

Covenant Rescue Group exists to equip first responders with the financial support, training and advocacy needed to defend and rescue victims of human trafficking, especially children. CRG will provide this support through three core areas: funding, training and advocating.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$171,580-
Cash and Non-Interest-Bearing Accounts$69,600$28,322▼ $41,278
Land, Buildings, and Equipment, Net-$6,095-
Total Assets$69,600$205,997▲ $136,397
Liabilities
Accounts Payable and Accrued Expenses-$1,447-
Total Liabilities$0$1,447▲ $1,447
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$69,600$204,550▲ $134,950
Total Net Assets Fund Balance$69,600$204,550▲ $134,950
Total Liabilities and Net Assets / Fund Balance$69,600$205,997▲ $136,397

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,095$1,219$7,314
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jared HudsonCEOFT$109,845$109,845

Board Members and Trustees

NameTitle
Joshua W MoodyPresident
Anna ComerMember-At-Large
Donald ReiffMember-At-Large
Jonathan SpidleMember-At-Large
Lauren HudsonMember-At-Large
Lieutenant Colonel G Ross ClineMember-At-Large
Richard A Black JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$797,925
Program Service Revenue
$0
Investment Income
$1,720
Other Revenue
$-2,177
All Other Contributions
$710,925
Change in Net Assets
$134,950
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$468,778
Salaries, Compensation, and Employee Benefits$193,740
Total Fundraising Expense$74,039
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$143,522$17,940$17,940$179,402
Fees for Services Management$101,524$12,691$12,691$126,906
Advertising--$34,309$34,309
Fees for Services Other-$23,645-$23,645
Occupancy$12,639$1,579$1,579$15,797
Office Expenses$12,999$1,444-$14,443
Payroll Taxes$11,468$1,435$1,435$14,338
Travel$11,323$1,415$1,415$14,153
Insurance$6,898$862$862$8,622
Fees for Services Accounting-$7,991-$7,991
Other Expenses$2,338$622$622$2,338
All Other Expenses-$1,337-$1,337
Depreciation Depletion-$1,219-$1,219
Total Functional Expenses$513,113$75,366$74,039$662,518
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournam$87,000$87,000-$87,000
Total Events$87,000$87,000-$87,000
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The Board reviews the Form 990 in draft form prior to its filing with the Internal Revenue Service.

Conflict of interest policy compliance Part VI line 12C

The Board has adopted a policy which rigorously discourages conflict of interest transactions. The transaction must be reported to the Board and approved in advance. The party involved is then excused during the Board deliberation regarding the transaction. The Board conducts annual reviews for conflicts of interest.

CEO executive director top management comp Part VI line 15A

Salaries and raises for the CEO and upper management are brought before the Board of Directors for discussion and approval annually.

Other officer or key employee compensation Part VI line 15B

Salaries and raises for the CEO and upper management are brought before the Board of Directors for discussion and approval annually.

Governing documents etc available to public Part VI line 19

Governing documents are made available to the public upon written request to, and upon approval by, the Board of Directors.

Filing and Contact Details

Filer

Filer Name
Covenant Rescue Group
EIN
83-4554325
Address
1034 Main Street STE 307, Gardendale, AL 35071

Signing Officer

Name
Josh Moody
Title
President
Phone
2055147245
Signed
2024-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joshua W Moody
Formed
2019
Legal Domicile
Al
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
25

Preparer

Firm
Lighthouse CPA LLC
Address
PO Box 660324, Vestavia, AL 35266
Preparer
Sam Allison CPA
Phone
2052494894
Supplemental Narrative

Additional Explanations

Part III response or note to any other line in Part III

Primary Exempt Purpose: Covenant Rescue Group (CRG) exists to equip first responders with the financial support, equipment, training and advocacy needed to defend and rescue victims of human trafficking, especially children. CRG will provide this support through three core areas: funding, training and advocating. Line 28, Program Service Accomplishments, FUNDING: Oftentimes there is an opportunity for first responders such as active military, local and federal law enforcement officials to rescue victims of human trafficking and apprehend those who oppress them, but a lack of financial resources prevent these operations from taking place. Through the generosity of donors, CRG will be able to provide direct funding that will allow these missions to be carried out. CRG may provide the funds to first responder agencies to support the operations or may provide the funds to engage a third-party private company, experienced in these types of operations, to carry out the rescue missions. In the case that the mission or operation should be carried out by a third party, the first responder agency will procure bids from for-profit organizations with a professional reputation in performing this type of operation services. Where funds for these types of missions are typically not available to first responders, CRG will provide the funding to ensure that the missions are performed and ultimately that victims of human trafficking are rescued. Line 29, Program Service Accomplishments, TRAINING: In order to prepare first responders such as active military and law enforcement agencies for these rescue operations, much training is needed. CRG will work with these first responder agencies to provide them with the training resources needed to equip their enforcement teams, regardless of their ability to pay. CRG will not perform these training services, but will assist first responder agencies with contracting third-party organizations already established in performing these functions. The first responder agency will procure bids from well-repected, credible for-profit organizations which have professional reputations in performing this type of operation services. Where funds for these types of missions are typically not available to first responders, CRG will provide the funding to assist and ensure that the missions are performed, and ultimately that victims of human trafficking are rescued. Line 30, Program Service Accomplishments, ADVOCATING: CRG will work to connect rescued victims with a viable way out of human trafficking. CRG will provide opportunities for these individuals to meet with human trafficking victim support organizations to consolidate support and make a lasting impact in their recovery through medical care, aftercare, and emotional and psychological support. If a victim does not have the financial means to pay for the aftercare programs needed, CRG will provide the necessary funds.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board reviews the Form 990 in draft form prior to its filing with the Internal Revenue Service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board has adopted a policy which rigorously discourages conflict of interest transactions. The transaction must be reported to the Board and approved in advance. The party involved is then excused during the Board deliberation regarding the transaction. The Board conducts annual reviews for conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Salaries and raises for the CEO and upper management are brought before the Board of Directors for discussion and approval annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Salaries and raises for the CEO and upper management are brought before the Board of Directors for discussion and approval annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents are made available to the public upon written request to, and upon approval by, the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Primary Exempt Purpose: Covenant Rescue Group (CRG) exists to equip first responders with the financial support, equipment, training and advocacy needed to defend and rescue victims of human trafficking, especially children. CRG will provide this support through three core areas: funding, training and advocating. Line 28, Program Service Accomplishments, FUNDING: Oftentimes there is an opportunity for first responders such as active military, local and federal law enforcement officials to rescue victims of human trafficking and apprehend those who oppress them, but a lack of financial resources prevent these operations from taking place. Through the generosity of donors, CRG will be able to provide direct funding that will allow these missions to be carried out. CRG may provide the funds to first responder agencies to support the operations or may provide the funds to engage a third-party private company, experienced in these types of operations, to carry out the rescue missions. In the case that the mission or operation should be carried out by a third party, the first responder agency will procure bids from for-profit organizations with a professional reputation in performing this type of operation services. Where funds for these types of missions are typically not available to first responders, CRG will provide the funding to ensure that the missions are performed and ultimately that victims of human trafficking are rescued. Line 29, Program Service Accomplishments, TRAINING: In order to prepare first responders such as active military and law enforcement agencies for these rescue operations, much training is needed. CRG will work with these first responder agencies to provide them with the training resources needed to equip their enforcement teams, regardless of their ability to pay. CRG will not perform these training services, but will assist first responder agencies with contracting third-party organizations already established in performing these functions. The first responder agency will procure bids from well-repected, credible for-profit organizations which have professional reputations in performing this type of operation services. Where funds for these types of missions are typically not available to first responders, CRG will provide the funding to assist and ensure that the missions are performed, and ultimately that victims of human trafficking are rescued. Line 30, Program Service Accomplishments, ADVOCATING: CRG will work to connect rescued victims with a viable way out of human trafficking. CRG will provide opportunities for these individuals to meet with human trafficking victim support organizations to consolidate support and make a lasting impact in their recovery through medical care, aftercare, and emotional and psychological support. If a victim does not have the financial means to pay for the aftercare programs needed, CRG will provide the necessary funds.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part III response or note to any other line in Part III
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IRS990/WebsiteAddressTxt0www.covenantrescue.org
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Josh Moody
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02055147245
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Covenant Rescue Group
ReturnHeader/Filer/BusinessNameControlTxt0COVE
ReturnHeader/Filer/EIN0834554325
ReturnHeader/Filer/USAddress/AddressLine1Txt01034 Main Street STE 307
ReturnHeader/Filer/USAddress/CityNm0Gardendale
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0831766653
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Lighthouse CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 660324
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Vestavia
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd035266
ReturnHeader/PreparerPersonGrp/PhoneNum02052494894
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Sam Allison CPA
ReturnHeader/ReturnTs02024-11-12T10:53:22-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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