First Covenant Church Foundation
- Assets
- $1.1m
- Revenue
- $119.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 26-4448696
Organization Overview
First Covenant Church Foundation is located in Omaha, NE. The organization was established in 2009. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, 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. First Covenant Church Foundation 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 12/2021, First Covenant Church Foundation generated $119.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $34.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, First Covenant Church Foundation has awarded 23 individual grants totaling $475,115. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS A SUPPORTING ORGANIZATION FOR FIRST COVENANT CHURCH OF OMAHA, NE, TO SUPPORT AND FACILITATE ITS CHARITABLE, RELIGIOUS AND EDUCATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FIRST COVENANT CHURCH OF OMAHA, NE TO SUPPORT THEIR EVANGELISM & OUTREACH PURPOSE THROUGH AN ALL CHURCH RETREAT SPONSORSHIP.
TO FIRST COVENANT CHURCH OF OMAHA, NE TO SUPPORT ITS GENERAL OPERATING BUDGET FOR PROVIDING RELIGIOUS SERVICES, CHRISTIAN EDUCATION AND YOUTH AND ADULT ACTIVITIES AND SERVICES.
TO FIRST COVENANT CHURCH OF OMAHA, NE FOR CAMP SCHOLARSHIPS.
TO FIRST COVENANT CHURCH, OMAHA NE FOR CHILDRENS FORMATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Person President | OfficerTrustee | 1 | $0 |
Jens Gregory Secretary | OfficerTrustee | 1 | $0 |
Travis Nordstom Treasurer | OfficerTrustee | 1 | $0 |
James Horwath Vice-President | OfficerTrustee | 1 | $0 |
Scott L Lickteig Director | Trustee | 1 | $0 |
Jacque Torson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| 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 | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $10,263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $108,940 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $119,203 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,087 |
| 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 | $1,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,965 |
| Fees for services: Other | $900 |
| 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 | $34,172 |
| 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 | $1,057,339 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,057,339 |
| 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 | $122,908 |
| Net assets with donor restrictions | $934,431 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $1,057,339 |
Grants Awarded
Over the last fiscal year, First Covenant Church Foundation has awarded $24,087 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Omaha, NE PURPOSE: OPERATIONAL BUDGET, CAPITAL CAMPAIGN AND BUILDING FUND | $16,587 |
Omaha, NE PURPOSE: ALL CHURCH RETREAT | $7,500 |
Endowment Analysis
| Beg. Balance | $382,388 |
| Earnings | $68,898 |
| Grants | $17,747 |
| Ending Balance | $433,539 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Life Holding Corporation Woodland Park, CO | $112,165,344 | $1,723,190 |
Catholic Foundation For The Archdiocese Of Dubuque Cedar Rapids, IA | $127,453,113 | $10,700,862 |
Religion News Foundation Columbia, MO | $2,784,139 | $2,640,609 |
Nebraska United Methodist Foundation Lincoln, NE | $58,650,709 | $2,012,304 |
Village Presbyterian Church Endowment Trust Prairie Village, KS | $29,984,173 | $878,628 |
Colorado Springs Utilities Foundation Colo Springs, CO | $2,751,625 | $1,147,424 |
Rough Acres Foundation Inc Colorado Springs, CO | $14,482,437 | $789,431 |
St Pauls United Methodist Church Of Cedar Rapids Foundation Cedar Rapids, IA | $7,255,081 | $1,159,292 |
Brahmananda Saraswati Jyotish Foundation Fairfield, IA | $78,051 | $657,695 |
Genesis Foundation Colorado Springs, CO | $3,646,350 | $3,503,554 |
Doc Stewardship Assistance Fund Inc St Louis, MO | $20,765,141 | $1,835,034 |
Sunnybrook Hope Center Sioux City, IA | $350,554 | $449,966 |