Covenant Place Foundation
- Assets
- $4.8m
- Revenue
- $412.4k
- Investments
- $1.1m
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 05/1988
- Data as of
- 12/2021
- EIN
- 43-1365901
Organization Overview
Covenant Place Foundation is located in St Louis, MO. The organization was established in 1988. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covenant Place 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, Covenant Place Foundation generated $412.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $376.1k during the year ending 12/2021. While expenses have increased by 10.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CARING SUPPORT SERVICES TO SENIORS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AGING AHEAD MEAL PROGRAM IS OFFERED TO RESIDENTS AND COMMUNITY SENIORS. THE PROGRAM IS DESIGNED TO PROVIDE WEEKNIGHT MEALS, INCLUDING KOSHER, IF REQUESTED, FOR RESIDENTS AND COMMUNITY OLDER ADULTS TO ENJOY THE NUTRITION AND SOCIALIZATION. ADULTS AGED 60+ ARE ELIGIBLE FOR THE PROGRAM AND ARE ASKED TO MAKE A SUGGESTED DONATION, BUT MAY DONATE WHATEVER AMOUNT THEY CHOOSE. THOSE UNDER 60 YEARS OF AGE ARE WELCOME TO ENJOY THE MEAL AND PAY FULL COST. PER THE PROGRAM REQUIREMENTS, A CARTON OF MILK IS DISTRIBUTED TO EACH DINER AT THE END OF THE MEAL.
SUBSIDIZED HOUSEKEEPING SERVICES WERE PROVIDED ON A SLIDING SCALE, BASED ON INCOME, TO OVER 70 SENIORS. THIS ASSISTANCE WITH CLEANING AND LAUNDRY HELPS ELDERLY RESIDENTS TO MAINTAIN THEIR APARTMENT, DELAYING THE NEED FOR INSTITUTIONAL CARE, AND TO AGE IN PLACE WITH DIGNITY.
HEALTH EDUCATION SEMINARS AND SCREENINGS ARE REGULARLY OFFERED, AND EXERCISE CLASSES ARE OFFERED FOUR DAYS A WEEK. CLASSES ARE FREE OR FOR A SMALL FEE AND OPEN TO THE PUBLIC. ON-SITE GERIATRIC PRIMARY CARE, AND PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY ARE EASILY ACCESSIBLE FOR RESIDENTS AND COMMUNITY SENIORS.
TRANSPORTATION SERVICES INCLUDE SUPPORT FOR A PASSENGER VAN AND A 14-PASSENGER WHEELCHAIR ACCESSIBLE SHUTTLE BUS TO PROVIDE GROCERY AND GENERAL SHOPPING TRANSPORTATION AND RECREATIONAL TRIPS.SUPPORTIVE PROGRAMS AND ACTIVITIES ARE OFFERED TO RESIDENTS AND COMMUNITY SENIORS, INCLUDING NUMEROUS HEALTH, WELLNESS, EDUCATIONAL, AND SOCIAL PROGRAMS AND ACTIVITIES. PROGRAMS ARE DESIGNED TO IMPROVE MENTAL AND PHYSICAL HEALTH AND DECREASE LONELINESS AND ISOLATION. SOCIAL SERVICES ARE PROVIDED TO ASSIST LOW-INCOME ELDERLY RESIDENTS WITH REFERRALS TO SUPPORTIVE SERVICES AND GOVERNMENT PROGRAMS, UNDERSTANDING OF HOUSING COMPLIANCE REGULATIONS, AND ACCESS TO PROGRAMS, ACTIVITIES, AND ENJOYMENT OF LIFE AT COVENANT PLACE. TRANSLATION SERVICES ARE ALSO PROVIDED TO NON-ENGLISH SPEAKING RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Corson Board Chair | OfficerTrustee | 1 | $0 |
Howard Rosen 1st Vice Chair | OfficerTrustee | 1 | $0 |
Brian J Newman 2nd Vice Chair | OfficerTrustee | 1 | $0 |
Richard Alport Treasurer | OfficerTrustee | 1 | $0 |
James Deutsch Immediate Past Chair | OfficerTrustee | 1 | $0 |
Elizabeth Carp Wallace Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $193,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $102,544 |
| Noncash contributions included in lines 1a–1f | $3,078 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $295,544 |
| Total Program Service Revenue | $29,862 |
| Investment income | $10,646 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $73,341 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $412,365 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $110,000 |
| 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. | $93,378 |
| Compensation of current officers, directors, key employees. | $93,378 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,297 |
| Pension plan accruals and contributions | $201 |
| Other employee benefits | $2,171 |
| Payroll taxes | $8,382 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,132 |
| Fees for services: Accounting | $20,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,488 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $17,716 |
| 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 | $1,499 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,188 |
| Insurance | $5,548 |
| All other expenses | $0 |
| Total functional expenses | $376,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $237,517 |
| Pledges and grants receivable | $337,572 |
| Accounts receivable, net | $23,544 |
| 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 | $5,817 |
| Net Land, buildings, and equipment | $6,996 |
| Investments—publicly traded securities | $3,079,771 |
| Investments—other securities | $1,132,948 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,824,365 |
| Accounts payable and accrued expenses | $5,316 |
| 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 | $2,867,858 |
| Total liabilities | $2,873,174 |
| Net assets without donor restrictions | $1,725,188 |
| Net assets with donor restrictions | $226,003 |
| 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 | $4,824,365 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Covenant Place Foundation has recieved totaling $59,663.
| Awarding Organization | Amount |
|---|---|
Milford & Lee Bohm Charitable Foundation Chesterfield, MO PURPOSE: TO PROVIDE CARING SUPPORT SERVICES TO SENIORS | $51,000 |
Lubin-Green Foundation St Louis, MO PURPOSE: PROGRAM SUPPORT | $7,163 |
Sage Charitable Foundation St Louis, MO PURPOSE: HEALTHCARE | $1,500 |
Endowment Analysis
| Beg. Balance | $1,001,675 |
| Earnings | $131,273 |
| Ending Balance | $1,132,948 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presence Life Connections St Louis, MO | $45,499,774 | $56,108,464 |
Mather Investments Nfp Evanston, IL | $54,973,565 | $27,896,059 |
Ageoptions Inc Oak Park, IL | $9,043,942 | $30,051,990 |
Midwest Christian Villages Inc St Louis, MO | $29,643,290 | $22,119,810 |
White River Area Agency On Aging Inc Batesville, AR | $15,582,718 | $20,715,950 |
Via Christi Healthcare Outreach Program For Elders Inc St Louis, MO | $16,535,796 | $24,624,185 |
Wesley Community Services Inc Johnston, IA | $11,288,058 | $20,573,990 |
Area Agency On Aging Of Southeast Arkansas Inc Pine Bluff, AR | $11,755,382 | $21,544,491 |
Seniorage Area Agency On Aging Springfield, MO | $4,839,400 | $16,732,131 |
Wellmont Wexford House Johnson City, TN | $11,769,586 | $11,612,147 |
Central Arkansas Area Agency On Aging Inc North Little Rock, AR | $17,585,557 | $16,583,289 |
Area Agency On Aging Of Northwest Arkansas Harrison, AR | $12,975,873 | $15,663,536 |