Covenant Stand Ministries Inc
- Assets
- $4.3k
- Revenue
- $6.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Boone, NC
- Founding
- 03/2003
- Data as of
- 12/2021
- EIN
- 56-2279528
Organization Overview
Covenant Stand Ministries Inc is located in Boone, NC. The organization was established in 2003. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., 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 Stand Ministries 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 12/2021, Covenant Stand Ministries Inc generated $6.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.8%) each year. All expenses for the organization totaled $10.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL BENEFICENCE: SUPPORTED THREE CHILDREN IN THIRD-WORLD COUNTRIES THROUGH INTERNATIONAL OUTREACH MINISTRY.
MISSIONS: SUPPORTED LOCAL MISSIONARY TO AFRICA
LOCAL: ASSISTING LOCAL FAMILIES WITH MEDICAL, HOME REPAIR, AND EDUCATIONAL EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
June B Parsons Vice Preside | 0 | $0 | |
Gwyn R Parsons President | 3 | $0 | |
Kelly P Melton Secretary/tr | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,175 |
| Interest on Savings | $0 |
| 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 | $6,175 |
| 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 | $0 |
| Printing and publications | $0 |
| Other expenses | $48 |
| Total operating and administrative expenses | $48 |
| Contributions, gifts, grants paid | $10,678 |
| Total expenses and disbursements | $10,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,285 |
| Savings and temporary cash investments | $0 |
| 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 | $4,285 |
| 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 Stand Ministries Inc has awarded $10,678 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
FRED SABRINA HARGETT PURPOSE: MEDICAL BILL ASSISTANCE | $4,000 |
TIM BARKER PURPOSE: ASSIST W/ REPAIR EXP OF BURNED HOME | $2,500 |
HUNGER & HEALTH COALITION PURPOSE: COMMUNITY NEED | $1,276 |
OVERLAND MISSIONS PURPOSE: MISSIONS | $1,200 |
COMPASSION INTERNATIONAL PURPOSE: CHILD SPONSORSHIP | $912 |
DAWN DUTKA PURPOSE: HOME MAIN'T ASST WHILE HOSPITALIZED | $640 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Impact 360 Institute Inc Atlanta, GA | $4,530,260 | $9,934,364 |
Joshua Fund McLean, VA | $5,014,805 | $7,059,858 |
Proverbs 31 Ministry Inc Matthews, NC | $13,247,275 | $7,018,606 |
Intend Ministries Murfreesboro, TN | $2,990,387 | $7,592,867 |
Buckhead Christian Ministry Inc Atlanta, GA | $4,936,507 | $4,578,885 |
Churches Of Christ Disaster Relief Effort Inc Nashville, TN | $53,629,657 | $14,143,099 |
Lsa Elms At Tanglewood Inc Salisbury, NC | $5,908,421 | $4,986,081 |
Repairers Of The Breach Inc Goldsboro, NC | $11,539,240 | $12,587,715 |
Saint Francis Home Richmond, VA | $7,436,363 | $3,854,574 |
Accrediting Bureau Of Health Education Schools Inc Falls Church, VA | $16,995,154 | $5,031,876 |
The Church Initiative Inc Wake Forest, NC | $4,823,677 | $3,131,625 |
North Georgia Camp And Retreat Ministries Inc Dahlonega, GA | $18,005,770 | $6,432,475 |