Covantage Cares Foundation Inc

Organization Overview

Covantage Cares Foundation Inc is located in Antigo, WI. The organization was established in 2016. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covantage Cares 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 12/2023, Covantage Cares Foundation Inc generated $352.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $597.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Covantage Cares Foundation Inc has awarded 97 individual grants totaling $2,888,651. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUALS, ESPECIALLY THOSE EXPERIENCING SIGNIFICANT FINANCIAL CHALLENGES, AND TO ORGANIZATIONS WORKING TO ENHANCE THE QUALITY OF LIFE OF RESIDENTS LIVING IN THE COMMUNITIES SERVED BY COVANTAGE CREDIT UNION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES BY PROVIDING FINANCIAL ASSISTANCE TO INDIVIDUALS, ESPECIALLY THOSE EXPERIENCING SIGNIFICANT FINANCIAL CHALLENGE, AND TO ORGANIZATIONS WORKING TO ENHANCE THE QUALITY OF LIFE OF RESIDENTS LIVING IN THE COMMUNITIES SERVED BY COVANTAGE CREDIT UNION (CCU).THE ORGANIZATION GAVE SEVERAL GRANTS DURING THE YEAR TO ORGANIZATIONS THAT HELP ACCOMPLISH THE MISSION OF ENHANCING THE QUALITY OF LIFE OF RESIDENTS LIVING IN THE COMMUNITIES SERVED BY CCU.


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Board, Officers & Key Employees

Name (title)Compensation
Charles Zanayed
President
$0
Sherry Aulik
Vice President (thru 01/23)
$0
Joan Farrell
Vice President
$0
Janel Thoune
Treasurer
$0
Sheila Rossmiller
Secretary
$0
Shane Lathrop
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$17,215
Related organizations$150,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$187,825
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$355,040
Total Program Service Revenue$0
Investment income $2,337
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$6,080
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $352,505

Grants Awarded

Over the last fiscal year, Covantage Cares Foundation Inc has awarded $449,284 in support to 15 organizations.

Grant RecipientAmount

IRON COUNTY LITTLE LEAGUE INC

PURPOSE: GENERAL SUPPORT

$73,374

FRIENDS OF THE CRYSTAL FALLS DISTRICT COMMUNITY LIBRARY

PURPOSE: GENERAL SUPPORT

$47,030

ENCOMPASS EARLY EDUCATION AND CARE INC

PURPOSE: GENERAL SUPPORT

$45,306

ABUNDANT LIFE MISSION INC

PURPOSE: GENERAL SUPPORT

$41,076

HMONG AMERICAN CENTER INC

PURPOSE: GENERAL SUPPORT

$39,343

ANTIGO COMMUNITY FOOD PANTRY INC

PURPOSE: GENERAL SUPPORT

$38,189
View Grant Profile

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Pat Tillman Foundation
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Believers Stewardship Services Inc
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The American Center For Philanthropy Inc
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Code Family Foundation
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Chicago Scholarship Fund Inc
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Newthreads Of Hope Inc
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Morgan Memorial Foundation Inc
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