Covenant Charities Inc
- Assets
- $1.7m
- Revenue
- $532.9k
- Investments
- $324.3k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 05/2003
- Data as of
- 08/2022
- EIN
- 06-1666193
Organization Overview
Covenant Charities Inc is located in Dallas, TX. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covenant Charities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Covenant Charities Inc has awarded 157 individual grants totaling $6,485,083. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Alpert Pres/tres | 0 | $0 | |
Caryn L Peeples Secretary | 0 | $0 | |
Jean Marie Alpert Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $536,336 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,948 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$16,405 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $532,879 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $173 |
| Total operating and administrative expenses | $342 |
| Contributions, gifts, grants paid | $86,016 |
| Total expenses and disbursements | $86,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,081 |
| Savings and temporary cash investments | $1,190,569 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,653,904 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $24,288 |
| Total liabilities | $24,288 |
Grants Awarded
Over the last fiscal year, Covenant Charities Inc has awarded $86,016 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Worth, TX PURPOSE: CHARITY | $50,000 |
Dallas, TX PURPOSE: CHARITY | $20,016 |
T BAR M PURPOSE: CHARITY | $10,000 |
YOUR VERSION PURPOSE: CHARITY | $5,000 |
100 SHARES PURPOSE: CHARITY | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jane P And Wiley L Mossy Jr Foundation Houston, TX | $339,084 | $6,855,893 |
Gene And Jerry Jones Family-Dallas Cowboys Charities Frisco, TX | $3,095,461 | $7,273,707 |
Py Foundation Artesia, NM | $56,655,367 | $3,921,217 |
Marshall Legacy Foundation Metairie, LA | $37,157,594 | $21,197,543 |
Gods Light In The Darkness Foundation Carlbad, NM | $31,530,012 | $790,978 |
Marshall Heritage Foundation Metairie, LA | $15,210,686 | $21,134,216 |
Mary E Bivins Trust Amarillo, TX | $23,577,867 | $7,091,283 |
Norman H Read 1985 Trust Amarillo, TX | $61,022,769 | $8,703,971 |
Arlene And Joseph Meraux Charitable Foundation Violet, LA | $95,291,949 | $9,307,858 |
East Texas Medical Center Regional Healthcare System Tyler, TX | $164,248,819 | $57,646,365 |
Eugene V And Clare Thaw Charitable Trust Santa Fe, NM | $97,006,761 | $1,880,279 |
James A Buddy Davidson Charitable Foundation Midland, TX | $104,683,845 | $20,028,427 |