New Covenant Foundation Inc
- Assets
- $1.4m
- Revenue
- $98.6k
- Investments
- $1.2m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 01/2006
- Data as of
- 12/2022
- EIN
- 20-1986617
Organization Overview
New Covenant Foundation Inc is located in Wilmington, DE. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. New Covenant Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, New Covenant Foundation Inc generated $98.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $240.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, New Covenant Foundation Inc has awarded 86 individual grants totaling $980,929. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NETT- NATIONAL EXAM TESTING TOOL. CREATING A FREE, TAILORED, AVAILABLE OPTION FOR CHILDREN TO PREPARE FOR AN EXAM.
KTCEP- CURRICULUM PREPARES BEGINNING IN KINDERGARTEN WITH PROBLEM-BASED AND VISUAL LEARNING TO SIERRA LEONE CHILDREN.
GLN - GLOBAL LEADERSHIP NETWORK. TRAINING MODEL & MATERIALS USED IN SIERRA LEONE TO PROVIDE LEADERSHIP EDUCATION. MULTI-DAY SEMINARS & PRESENTATIONS ALSO PROVIDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen N Morell Pres, Dir | 10 | $12,000 | |
Patricia M Morell Treas, Dir | 30 | $48,000 | |
Roy K Morell VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $737 |
| Dividends & Interest | $33,769 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $63,051 |
| Capital Gain Net Income | $63,051 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $98,557 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $5,433 |
| Interest | $0 |
| Taxes | $2,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,069 |
| Total operating and administrative expenses | $110,690 |
| Contributions, gifts, grants paid | $129,677 |
| Total expenses and disbursements | $240,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $172,019 |
| 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 | $1,368,906 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, New Covenant Foundation Inc has awarded $129,677 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
CAMPUS CRUSADE FOR CHRIST INC PURPOSE: JESUS FILM PROJECT | $1,000 |
EDUCATIONAL FOUNDATION OF ALPHA GAMMA RHO PURPOSE: LEADERSHIP DEVELOPMENT EFFORTS | $1,000 |
FAR EAST BROADCASTING COMPANY INC PURPOSE: GENERAL & UNRESTRICTED | $500 |
GOOD NEWS JAIL & PRISON MINISTRY PURPOSE: CHAPLAIN AND CHRISTIAN ACTIVITIES IN SIERRA LEONE, WEST AFRICA | $10,000 |
HARTWOOD PRESBYTERIAN CHURCH PURPOSE: GENERAL & UNRESTRICTED | $7,600 |