Covington Memorial Foundation For The First Presbyterian Church Of D
- Assets
- $1.0m
- Revenue
- $49.1k
- Investments
- $994.8k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/1981
- Data as of
- 12/2023
- EIN
- 63-6117913
Organization Overview
Covington Memorial Foundation For The First Presbyterian Church Of D is located in Wilmington, DE. The organization was established in 1981. According to its NTEE Classification (X21) the organization is classified as: Protestant, 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.
For the year ending 12/2023, Covington Memorial Foundation For The First Presbyterian Church Of D generated $49.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $74.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $40,691 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,282 |
| Capital Gain Net Income | $8,282 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $172 |
| Total Revenue | $49,145 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,236 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,298 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $21,310 |
| Contributions, gifts, grants paid | $53,573 |
| Total expenses and disbursements | $74,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,017 |
| 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 | $379,987 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,009,796 |
| 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 |