Covenant Kids Inc
- Assets
- $7.5m
- Revenue
- $25.3m
- Investments
- $0.0
- Employees
- 290
- Location
- Arlington, TX
- Founding
- 07/2003
- Data as of
- 12/2021
- EIN
- 75-2889215
Organization Overview
Covenant Kids Inc is located in Arlington, TX. The organization was established in 2003. According to its NTEE Classification (P31) the organization is classified as: Adoption, under the broad grouping of Human Services and related organizations. As of 12/2021, Covenant Kids Inc employed 290 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covenant Kids 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 Kids Inc generated $25.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $22.8m during the year ending 12/2021. While expenses have increased by 11.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE PHYSICAL, EMOTIONAL, AND SPIRITUAL WELL BEING OF AT-RISK CHILDREN & FAMILIES.
Describe the Organization's Program Activity:
COVENANT KIDS FOSTER CARE PROGRAM PLACES CHILDREN IN NEED INTO APPROVED FOSTER HOMES AND ASSISTS IN PROVIDING BASIC AND THERAPEUTIC FOSTER CARE TO ENHANCE A CHILD'S WELL-BEING IN A FAMILY SETTING. THE PROGRAM PROVIDES FOSTER FAMILIES WITH MONETARY SUPPLEMENTS AND OTHER RESOURCES FOR DAILY MAINTENANCE. IN 2021, THE ORGANIZATION WORKED WITH 333 FOSTER FAMILIES AND 794 CHILDREN.
COVENANT KIDS CONDUCTS KINSHIP AND HOME STUDY ASSESSMENTS FOR THOSE FAMILIES SEEKING TO RECEIVE A CHILD IN THE CARE OF THE TEXAS DEPARTMENT OF FAMILY AND PROTECTIVE SERVICES. THE ORGANIZATION COMPLETED 4,136 HOME STUDIES.
COVENANT KIDS POST ADOPTION PROGRAM OFFERS GUIDANCE AND SUPPORT TO FAMILIES WHO HAVE ADOPTED CHILDREN FROM CHILD PROTECTIVE SERVICES. THE PROGRAM ASSISTS ADOPTIVE FAMILIES IN ADJUSTING TO THE NEW FAMILY DYNAMIC, COPE WITH THE CHILD'S HISTORY OF ABUSE, NEGLECT AND TRAUMA AND ASSIST WITH MENTAL HEALTH ISSUES THE CHILD MAY BE EXPERIENCING. IN 2021, THE ORGANIZATION SERVED 224 FAMILIES AND 722 CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Lund President & Executive Director | OfficerTrustee | 40 | $196,789 |
Daniel Lund Treasurer & Secretary | OfficerTrustee | 40 | $171,808 |
Mark Lindskog Director Of It | 40 | $121,773 | |
Jimmy Dominey VP Of Op & Continuous Improvement | 40 | $111,141 | |
Shawn Wilson Chief Business Development Officer | 40 | $105,613 | |
Ron Schmidt Vice-President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,816,440 |
| All other contributions, gifts, grants, and similar amounts not included above | $535,017 |
| Noncash contributions included in lines 1a–1f | $14,475 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,351,457 |
| Total Program Service Revenue | $22,919,056 |
| Investment income | $1,496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,021 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $42 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,298,802 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,260 |
| Grants and other assistance to domestic individuals. | $5,977,237 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $386,836 |
| Compensation of current officers, directors, key employees. | $58,759 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,193,379 |
| Pension plan accruals and contributions | $30,566 |
| Other employee benefits | $806,543 |
| Payroll taxes | $724,796 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,945 |
| Fees for services: Accounting | $678,107 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,943,156 |
| Advertising and promotion | $54,455 |
| Office expenses | $344,804 |
| Information technology | $10,845 |
| Royalties | $0 |
| Occupancy | $492,840 |
| Travel | $381,142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,029 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,446 |
| Insurance | $214,181 |
| All other expenses | $317,419 |
| Total functional expenses | $22,757,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $610,112 |
| Savings and temporary cash investments | $254,361 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,955,017 |
| Loans from Officers, Directors, or Controlling Persons | $25,871 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $562,482 |
| Net Land, buildings, and equipment | $19,384 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,616 |
| Other assets | $27,213 |
| Total assets | $7,459,056 |
| Accounts payable and accrued expenses | $1,066,483 |
| Grants payable | $0 |
| Deferred revenue | $452,674 |
| 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 | $11,866 |
| Other liabilities | $0 |
| Total liabilities | $1,531,023 |
| Net assets without donor restrictions | $5,928,033 |
| Net assets with donor restrictions | $0 |
| 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 | $7,459,056 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Covenant Kids Inc has recieved totaling $12,656.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $12,656 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Covenant Kids Inc Arlington, TX | $7,459,056 | $25,298,802 |
Gladney Center For Adoption Fort Worth, TX | $15,144,634 | $9,546,259 |
Miracle Foundation Inc Austin, TX | $3,952,092 | $3,731,836 |
Spaulding For Children Houston, TX | $1,803,441 | $3,566,009 |
Hope Cottage Inc Dallas, TX | $9,768,014 | $1,826,021 |
Both Ends Believing Inc Plano, TX | $1,721,695 | $2,343,528 |
Dillon International Inc Tulsa, OK | $738,849 | $1,457,400 |
Shared Beginnings Fayetteville, AR | $298,271 | $1,175,777 |
Family To Family Adoption Services Inc Richmond, TX | $107,112 | $870,385 |
Adoption Alliance San Antonio, TX | $2,559,916 | $841,559 |
Decolores Adoptions International Lake Charles, LA | $430,653 | $810,458 |
Abba Fund Inc Plano, TX | $3,396,798 | $695,056 |