Covenant Renewal Ministries Incorporated
- Assets
- $61.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 02/1997
- Data as of
- 12/2021
- EIN
- 86-0791423
Organization Overview
Covenant Renewal Ministries Incorporated is located in Phoenix, AZ. The organization was established in 1997. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, 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. Covenant Renewal Ministries Incorporated 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 Renewal Ministries Incorporated generated $95.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $89.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Steven R Rutt Pres/directo | 20 | $12,000 | |
Susannah T Rutt Vp/director | 10 | $12,000 | |
Bill O'brien Sec/director | 1 | $0 | |
Jeff Gordon Treas/direct | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,412 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $95,412 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $48,852 |
| Professional fees and other payments to independent contractors | $1,190 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $806 |
| Other expenses | $38,813 |
| Total expenses | $89,661 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $36,883 |
| Other assets | $0 |
| Total assets | $61,444 |
| Total liabilities | $10,511 |
| Net assets or fund balances | $50,933 |
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