Church Of The Covenant Permanent Endowment Fund Inc
- Assets
- $932.4k
- Revenue
- $38.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Junction City, KS
- Founding
- 04/1970
- Data as of
- 12/2022
- EIN
- 23-7035942
Organization Overview
Church Of The Covenant Permanent Endowment Fund Inc is located in Junction City, KS. The organization was established in 1970. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Church Of The Covenant Permanent Endowment Fund 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, Church Of The Covenant Permanent Endowment Fund Inc generated $38.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.5%) each year. All expenses for the organization totaled $76.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CHURCH OF THE COVENANT PERMANENT ENDOWMENT FUND INC. IS A CORPORATION THAT WAS FOUNDED TO SUPPORT THE EPISCOPAL CHURCH OF THE COVENANT THAT HAS BEEN A PART OF THE EPISCOPAL DIOCESE OF THE STATE OF KANSAS SINCE 1858. THE FUND IS DESIGNATED TO PROVIDE FINANCIAL SUPPORT TO THE CHURCH. THE ASSET INFORMATION AS WELL AS THE OPERATING DOCUMENTS OF THE CHURCH OF THE COVENANT PERMANENT ENDOWMENT FUND ARE AVAILABLE TO ANY MEMBER OF THE EPISCOPAL CHURCH OF THE COVENANT. THE FUND IS LOCATED AT THE EXCHANGE BANK OF JUNCTION CITY KANSAS AND IS ADMINISTERED THROUGH THE TRUST DEPARTMENT OF THAT BANK. QUARTERLY FINANCIAL REPORTS ARE GENERATED BY THE TRUST DEPARTMENT AND THAT INFORMATION IS PROVIDED BY THE TRUSTEES OF THE CHURCH OF THE COVENANT PERMANENT ENDOWMENT FUND AND IN TURN TO THE MEMBERS OF THE EPISCOPAL CHURCH OF THE COVENANT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTED TO THE CHURCH OF THE COVENANT 304 N. ADAMS STREET JUNCTION CITY KANSAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betsy Edwards 2394 Vane Rd Chapman Kansas 67431 | Trustee | 0 | $0 |
Richard A Pinaire 623 S Adams Junction City Kansas 66441 | Trustee | 0 | $0 |
Marilyn Smith 185 West Chestnut St Junction City Kansas 66441 | Trustee | 0 | $0 |
Shelly Joyle Kite 700 Rockledge Dr Junction City Kansas 66441 | Trustee | 0 | $0 |
Kendall Schoenrock 901 W 6th St Junction City Kansas 66441 | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,092 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,092 |
| Total Program Service Revenue | $0 |
| Investment income | $20,173 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,903 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $71,100 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,774 |
| Fees for services: Other | $241 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $76,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $932,362 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $932,362 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $932,362 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $932,362 |