Covenant Hospice Foundation Inc
- Assets
- $4.6m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Pensacola, FL
- Founding
- 01/1992
- Data as of
- 12/2021
- EIN
- 59-3060139
Organization Overview
Covenant Hospice Foundation Inc is located in Pensacola, FL. The organization was established in 1992. According to its NTEE Classification (P74) the organization is classified as: Hospices, 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 Hospice 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 12/2021, Covenant Hospice Foundation Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 17.0% 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
THE ORGANIZATION'S MISSION IS TO PROVIDE FUNDING TO COVENANT HOSPICE, INC. IN ORDER (SEE SCHEDULE O) (CONTINUATION FROM PART I, LINE 1) TO SUPPLEMENT CHARITY AND INDIGENT CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF COVENANT HOSPICE FOUNDATION, INC IS TO RECEIVE AND MAINTAIN A FUND OR FUNDS OF REAL OR PERSONAL PROPERTY, TO USE PRIMARILY FOR THE FINANCIAL SUPPORT AND ENCOURAGEMENT OF THE HEALTH CARE AND COMMUNITY SUPPORT PROGRAMS OF COVENANT HOSPICE, INC. IN 2021, THE AMOUNT TRANSFERRED HELPED SUPPORT THE COSTS OF UNFUNDED PROGRAMS OF COVENANT HOSPICE, INC., COVENANT MEMORY CARE, INC., AND COVENANT ALZHEIMER'S SERVICES, INC. THESE UNFUNDED PROGRAMS INCLUDES SERVICES FROM THE FOLLOWING DEPARTMENTS: CHAPLAINS, BEREAVEMENT, CHILDREN, AND VOLUNTEERS. PALLIATIVE CARE SERVICES ARE ALSO OFFERED TO PATIENT AFTER LIFE-LIMITING DIAGNOSES, BUT BEFORE THEY ARE READY FOR HOSPICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Mislevy President/ceo | OfficerTrustee | 4 | $0 |
Tom Owens Past Chair | OfficerTrustee | 4 | $0 |
Aaron West Vice President | OfficerTrustee | 4 | $0 |
Rodney Guttmann Chairman | OfficerTrustee | 4 | $0 |
Brett Parra Secretary | OfficerTrustee | 4 | $0 |
Odin Berg Treasurer, Cso | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $103,804 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,248,217 |
| Noncash contributions included in lines 1a–1f | $21,946 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,352,021 |
| Total Program Service Revenue | $0 |
| Investment income | $46,548 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $578,606 |
| Net Income from Fundraising Events | -$79,954 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,897,221 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $886,280 |
| 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 | $90,806 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,200 |
| Payroll taxes | $8,340 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,241 |
| Advertising and promotion | $0 |
| Office expenses | $143,832 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,929 |
| Travel | $22,148 |
| 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 | $2,138,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,550,627 |
| Savings and temporary cash investments | $302,904 |
| Pledges and grants receivable | $1,002,006 |
| 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 | $6,169 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $786,284 |
| Total assets | $4,647,990 |
| Accounts payable and accrued expenses | $14,197 |
| 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 | $34,750 |
| Total liabilities | $48,947 |
| Net assets without donor restrictions | $2,230,796 |
| Net assets with donor restrictions | $2,368,247 |
| 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 | $4,647,990 |
Grants Awarded
Over the last fiscal year, Covenant Hospice Foundation Inc has awarded $886,280 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COVENANT MEMORY CARE CENTER AT THE JOYCE GOLDENBERG CAMPUS PURPOSE: TO SUPPORT OPERATIONS | $463,340 |
Pensacola, FL PURPOSE: TO SUPPORT OPERATIONS | $381,496 |
Pensacola, FL PURPOSE: TO SUPPORT OPERATIONS | $41,444 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Covenant Hospice Foundation Inc has recieved totaling $230,500.
| Awarding Organization | Amount |
|---|---|
The Kugelman Foundation Inc Pensacola, FL PURPOSE: GENERAL PURPOSE | $50,000 |
Dugas Family Foundation Inc Nashville, TN PURPOSE: PROGRAM SUPPORT (OVER 5 YEARS) FOR PEDIATRIC PROGRAMS | $50,000 |
Dugas Family Foundation Inc Nashville, TN PURPOSE: PROGRAM SUPPORT (OVER 5 YEARS) FOR PEDIATRIC PROGRAMS | $50,000 |
Dugas Family Foundation Inc Nashville, TN PURPOSE: PROGRAM SUPPORT (OVER 5 YEARS) FOR PEDIATRIC PROGRAMS | $50,000 |
Community Foundation Of Northwest Florida Inc Pensacola, FL PURPOSE: HEALTH & HUMAN SERVICES | $13,500 |
Mapp Fam Foundation Tr Point Clear, AL PURPOSE: GENERAL CHARITABLE PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hospice Of Health First Inc Rockledge, FL | $35,941,950 | $21,554,982 |
Comprehensive Home Health Care Inc Miami, FL | $9,156,463 | $15,706,153 |
Hospice Of The Treasure Coast Inc Stuart, FL | $7,179,880 | $19,232,737 |
Columbus Hospice Inc Columbus, GA | $6,884,132 | $16,717,590 |
Hospice Of Martin & St Lucie Inc Stuart, FL | $4,954,033 | $18,242,038 |
Alivia Care Inc Jacksonville, FL | $13,923,408 | $8,409,875 |
Hospice Savannah Inc Savannah, GA | $17,907,205 | $13,591,466 |
Hospice Of West Alabama Inc Tuscaloosa, AL | $7,281,718 | $7,339,888 |
Hospice Of Marshall County Inc Albertville, AL | $6,112,384 | $7,298,658 |
Hospice Foundation Of The Florida Suncoast Inc Clearwater, FL | $59,300,717 | $10,576,245 |
Hospice Satilla Waycross, GA | $2,294,907 | $4,422,474 |
Hospice Of South Georgia Incorporated Jesup, GA | $2,453,903 | $4,637,412 |