Covenant Charities Inc
- Assets
- $1.7m
- Revenue
- $52.8k
- Investments
- $324.3k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 05/2003
- Data as of
- 08/2023
- 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 121 individual grants totaling $4,882,931. 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 | |
Jean Marie Alpert Vice President | 0 | $0 | |
Caryn L Peeples Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $52,846 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,846 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $180 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $76 |
| Total operating and administrative expenses | $3,875 |
| Contributions, gifts, grants paid | $15,624 |
| Total expenses and disbursements | $19,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,681 |
| Savings and temporary cash investments | $1,243,316 |
| 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 | $1,687,251 |
| 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 |
|---|---|
100 SHARES PURPOSE: CHARITY | $1,000 |
FAMILY LEGACY MISSIONS INTERNATIONA PURPOSE: CHARITY | $20,016 |
T BAR M PURPOSE: CHARITY | $10,000 |
SEARCH MINISTRIES PURPOSE: CHARITY | $50,000 |
YOUR VERSION PURPOSE: CHARITY | $5,000 |