Covenant Christian Foundation Inc
- Assets
- $581.4k
- Revenue
- $4.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Hawthorne, NJ
- Founding
- 01/2011
- Data as of
- 12/2022
- EIN
- 23-7345635
Organization Overview
Covenant Christian Foundation Inc is located in Hawthorne, NJ. The organization was established in 2011. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covenant Christian 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, Covenant Christian Foundation Inc generated $4.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.3%) each year. All expenses for the organization totaled $96.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Covenant Christian Foundation Inc has awarded 27 individual grants totaling $305,400. 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 |
|---|---|---|---|
Richard Hoogmoed President | 0 | $0 | |
Steven Hanko Trustee | 0 | $0 | |
John D Mchugh Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,382 |
| Dividends & Interest | $0 |
| 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 | $4,382 |
| 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 | $486 |
| Printing and publications | $0 |
| Other expenses | $19,147 |
| Total operating and administrative expenses | $20,483 |
| Contributions, gifts, grants paid | $76,000 |
| Total expenses and disbursements | $96,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,009 |
| Savings and temporary cash investments | $510,361 |
| 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 | $581,370 |
| 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, Covenant Christian Foundation Inc has awarded $76,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HAWTHORNE CHRISTIAN ACADEMY PURPOSE: TUITION ASSISTANCE | $48,000 |
Loveland, CO PURPOSE: BUILDING PROJECT. | $12,000 |
Roanoke, VA PURPOSE: TUITION ASSISTANCE | $8,000 |
EASTERN CHRISTIAN SCHOOL PURPOSE: TUITION ASSISTANCE. | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Union Inc Princeton, NJ | $13,074,575 | $9,787,161 |
Eretz Hachaim Us Inc Brooklyn, NY | $7,972,379 | $9,030,705 |
Norman E Alexander Family S Foundation Inc New York, NY | $92,718,623 | $22,235,113 |
Strength Of Israel Inc Lawrence, NY | $1,436,056 | $5,202,580 |
Kupas Yom Tov Inc Lakewood, NJ | $35,904 | $3,631,675 |
Norman E Alexander Family M Foundation Inc New York, NY | $80,702,389 | $17,666,816 |
Norman E Alexander Family G Foundation Inc New York, NY | $74,799,909 | $16,778,157 |
Episcopal Charities Of The Diocese Of New York New York, NY | $4,370,956 | $2,900,488 |
Mosdos Rabbainu Nachum Meshadyk Brooklyn, NY | $3,226,330 | $4,187,685 |
Emet Veshalom Brooklyn, NY | $8,411 | $1,783,747 |
Daat Center Inc Brooklyn, NY | $444,170 | $1,892,675 |
Kupath Rambahn Kolel Polin Brooklyn, NY | $316,560 | $1,630,127 |