Wesleyan Covenant Association
- Assets
- $433.1k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 5
- Location
- The Woodlands, TX
- Founding
- 05/2018
- Data as of
- 06/2022
- EIN
- 81-2976423
Organization Overview
Wesleyan Covenant Association is located in The Woodlands, TX. The organization was established in 2018. 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. As of 06/2022, Wesleyan Covenant Association employed 5 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Wesleyan Covenant Association 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 06/2022, Wesleyan Covenant Association generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $2.4m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WESLEYAN COVENANT ASSOCIATION IS AN ASSOCIATION OF CONGREGATIONS, CLERGY PERSONS AND LAITY WHO DESIRE TO COOPERATE IN THE MISSION OF THE WCA TO PROMOTE THE GOSPEL FROM A WESLEYAN THEOLOGICAL PERSPECTIVE WITHIN THE UNITED METHODIST CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WCA EXISTS AS AN ORGANIZATION TO WHICH MINISTERS, CONGREGATIONS AND LAYPERSONS WHO AFFIRM UNITED METHODIST DOCTRINE AND HOLD A HIGH VIEW OF SCRIPTURE MAY BELONG. THE WCA WILL HOLD NATIONAL AND REGIONAL MEETINGS FOR INSPIRING AND EQUIPPING CHURCHES AND MEMBERS, AS WELL AS FOSTERING ACCOUNTABILITY. THE WCA WILL IDENTIFY AND WORK WITH PARTNER ORGANIZATIONS WHO ARE ALREADY ENGAGED IN EFFECTIVE MINISTRIES OF LEADERSHIP DEVELOPMENT, MINISTRY RESOURCING, MISSIONS ENGAGEMENT AND OTHER ASPECTS OF MINISTRY. THERE WILL BE REGULAR COMMUNICATION TO KEEP MEMBERS INFORMED ABOUT HAPPENINGS IN THE ASSOCIATION AS WELL AS OPPORTUNITIES FOR TRAINING AND NETWORKING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Abel Director | Trustee | 1 | $0 |
John Agee Director | Trustee | 1 | $0 |
Beth Caulfield Director | Trustee | 1 | $0 |
Elizabeth Chryst Director | Trustee | 1 | $0 |
Jennifer Cowart Director | Trustee | 1 | $0 |
Joe Dipaolo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,552,641 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,552,641 |
| Total Program Service Revenue | $69,257 |
| Investment income | $1,590 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,623,488 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $182,603 |
| Compensation of current officers, directors, key employees. | $27,391 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $339,608 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,401 |
| Fees for services: Management | $45,018 |
| Fees for services: Legal | $6,467 |
| Fees for services: Accounting | $90,041 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $44,028 |
| Office expenses | $64,318 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,005 |
| Travel | $139,429 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,079 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,432,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $418,173 |
| Pledges and grants receivable | $0 |
| 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 | $14,899 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $433,072 |
| Accounts payable and accrued expenses | $20,520 |
| Grants payable | $0 |
| Deferred revenue | $203,752 |
| 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 | $0 |
| Total liabilities | $224,272 |
| Net assets without donor restrictions | $208,800 |
| 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 | $433,072 |