Covert Family Foundation
- Assets
- $516.9k
- Revenue
- -$68.0
- Investments
- $506.1k
- Employees
- 0
- Location
- Carmel, IN
- Founding
- 07/2002
- Data as of
- 09/2023
- EIN
- 32-0020756
Organization Overview
Covert Family Foundation is located in Carmel, IN. The organization was established in 2002. 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. Covert Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Covert Family Foundation has awarded 38 individual grants totaling $125,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAKE GRANTS TO OTHER IRC SECTION 501C3 ORGANIZATIONS WHICH ARE CLASSIFIED AS PUBLIC CHARITIES FOR RELIGIOUS CHARITABLE EDUCATIONAL SCIENTIFIC ANDLITERARY PURPOSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James P Covert Co-Trustee | 1 | $0 | |
Dixie A Covert Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $91 |
| Dividends & Interest | $12,035 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,194 |
| Capital Gain Net Income | $14,255 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$68 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $503 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,710 |
| Contributions, gifts, grants paid | $40,500 |
| Total expenses and disbursements | $48,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,326 |
| 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 | $533 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $516,940 |
| 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, Covert Family Foundation has awarded $40,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
HUMANE SOCIETY FOR HAMILTON CO PURPOSE: GRANT TO PUBLIC CHARITY FOR CHARITABLE PURPOSES | $2,000 |
ASSISTANCE LEAGUE OF INDPLS PURPOSE: GRANT TO PUBLIC CHARITY FOR CHARITABLE PURPOSES | $3,000 |
INDIANA CANINE ASSISTANCE LEAGUE PURPOSE: GRANT TO PUBLIC CHARITY FOR CHARITABLE PURPOSES | $5,500 |
AMERICARES PURPOSE: GRANT TO PUBLIC CHARITY FOR CHARITABLE PURPOSES | $5,000 |
GRACE COLLEGE SEMINARY PURPOSE: GRANT TO PUBLIC CHARITY FOR CHARITABLE PURPOSES | $5,000 |
INDYHUMANE PURPOSE: GRANT TO PUBLIC CHARITY FOR CHARITABLE PURPOSES | $3,000 |