Covenant Foundation
- Assets
- $517.3k
- Revenue
- -$2.8k
- Investments
- $497.4k
- Employees
- 0
- Location
- Tucson, AZ
- Founding
- 04/1995
- Data as of
- 12/2023
- EIN
- 86-6235871
Organization Overview
Covenant Foundation is located in Tucson, AZ. The organization was established in 1995. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Covenant Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Covenant Foundation has awarded 70 individual grants totaling $161,897. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,000 |
| Interest on Savings | $114 |
| Dividends & Interest | $2,828 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,721 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$2,779 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $608 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $608 |
| Contributions, gifts, grants paid | $24,610 |
| Total expenses and disbursements | $25,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,861 |
| Savings and temporary cash investments | $15,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $517,269 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $134,227 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $134,227 |
Grants Awarded
Over the last fiscal year, Covenant Foundation has awarded $24,610 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ALCORN CO GENEALOOGIAL SOCIETY PURPOSE: PUBLIC SERVICE | $200 |
CROWN COLLEGE PURPOSE: RELIGIOUS EDUCATION | $260 |
BIBLE STUDY FELLOWSHIP PURPOSE: RELIGIOUS BIBLE STUDY | $2,700 |
FAMILY LIFE RADIO PURPOSE: CHRISTIAN RADIO | $2,000 |
CASA ESPERANZA PARA NINOS PURPOSE: CHILD PROTECTION | $1,000 |
FAITH CHRISTIAN CHURCH CAMPUS MINISTRY PURPOSE: RELIGIOUS COLLEGE OUTREACH | $1,700 |