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Nonprofiteer
← COVENANT FOUNDATION

Form 990 for tax year 2023

Filed by COVENANT FOUNDATION.

Totals

Total revenue
$5,612,164
Total expenses
$5,703,803
Contributions and grants received
$5,612,036
Grants paid
$1,797,624
Program service revenue
$0
Investment income
$128
Other revenue
$0
Total assets, end of year
$7,274,348
Total liabilities, end of year
$3,559,958
Net assets or fund balances, end of year
$3,714,390
Program services expenses (Part IX)
$5,088,098
Management and general expenses
$615,705
Fundraising expenses
$0
Program service expenses (Part III)
$5,088,098

Program services were 89.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $5,612,036

  • 3 · Investment income

    total $128 · excluded $128

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,492,624 · program services $1,492,624

  • 2 · Grants to domestic individuals

    total $305,000 · program services $305,000

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $243,456 · program services $219,110 · management and general $24,346

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,030,821 · program services $859,601 · management and general $171,220

  • 8 · Pension plan contributions

    total $116,210 · program services $99,473 · management and general $16,737

  • 9 · Other employee benefits

    total $275,273 · program services $219,131 · management and general $56,142

  • 10 · Payroll taxes

    total $92,862 · program services $78,721 · management and general $14,141

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $27,508 · management and general $27,508

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $726,644 · program services $699,270 · management and general $27,374

  • 12 · Advertising and promotion

    total $125,712 · program services $124,890 · management and general $822

  • 13 · Office expenses

    total $127,871 · program services $74,191 · management and general $53,680

  • 14 · Information technology

    total $265,294 · program services $154,674 · management and general $110,620

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $145,884 · program services $58,944 · management and general $86,940

  • 17 · Travel

    total $136,676 · program services $133,883 · management and general $2,793

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $464,110 · program services $461,272 · management and general $2,838

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $101,624 · program services $85,295 · management and general $16,329

  • 23 · Insurance

    total $26,234 · program services $22,019 · management and general $4,215

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100 · end of year $100

  • 2 · Savings and temporary cash investments

    beginning of year $960,714 · end of year $718,315

  • 3 · Pledges and grants receivable

    beginning of year $6,350,000 · end of year $5,737,378

  • 4 · Accounts receivable

    beginning of year $3,205 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $69,846 · end of year $65,915

  • 10a · Land, buildings and equipment: cost or other basis

    $875,747

  • 10b · Land, buildings and equipment: accumulated depreciation

    $173,951

  • 10c · Land, buildings and equipment, net

    beginning of year $797,097 · end of year $701,796

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $57,167 · end of year $50,844

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $585,424 · end of year $557,490

  • 18 · Grants payable

    beginning of year $3,460,018 · end of year $3,002,468

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $910,194 · end of year $818,555

  • 28 · Net assets with donor restrictions

    beginning of year $3,282,493 · end of year $2,895,835

Mission and programs · 2023

Mission

TO BUILD ON EXISTING STRENGTH WITHIN THE FIELD OF JEWISH EDUCATION IN NORTH AMERICA, BY ADDRESSING ALL FORMS OF PRE-COLLEGIATE AND ADULT JEWISH EDUCATION THROUGH AWARDS TO INDIVIDUALS AND GRANTS TO INSTITUTIONS FOR CREATIVE PROGRAMS.

Activities or mission (Part I)

TO BUILD ON EXISTING STRENGTH WITHIN THE FIELD OF JEWISH EDUCATION IN NORTH AMERICA.

  • The Foundation addresses all forms of pre-collegiate and adult Jewish education. Through awards to individuals and grants to institutions for creative programs, the Foundation seeks to cultivate the strengths of outstanding educators. To further strengthen the field, the Foundation disseminates information about effective programs.

    Expenses $5,088,098 · Grants $1,797,624

As filed on the 2023 return.

Listed in Part VII

  • Joni-Sue B Levine

    EXECUTIVE DIRECTOR

    Total calculated
    $242,855
    From this org
    $209,399
    From related orgs
    $0
    Other
    $33,456
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,399
    Bonus
    $0
    Other
    $0
    Deferred
    $21,000
    Nontaxable benefits
    $12,456
    Filer's total
    $242,855

  • Abby Pitkowsky

    PROGRAM DIRECTOR

    Total calculated
    $211,622
    From this org
    $151,453
    From related orgs
    $0
    Other
    $60,169
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,453
    Bonus
    $0
    Other
    $0
    Deferred
    $15,750
    Nontaxable benefits
    $44,419
    Filer's total
    $211,622

  • Ralia Wagner

    DIRECTOR OF FINANCE AND ADMIN

    Total calculated
    $182,565
    From this org
    $125,448
    From related orgs
    $0
    Other
    $57,117
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,448
    Bonus
    $0
    Other
    $0
    Deferred
    $13,270
    Nontaxable benefits
    $43,847
    Filer's total
    $182,565

  • Myra Rosenbaum

    DIR OF PLANNING AND OPERATIONS

    Total calculated
    $165,488
    From this org
    $109,697
    From related orgs
    $0
    Other
    $55,791
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $109,697
    Bonus
    $0
    Other
    $0
    Deferred
    $11,900
    Nontaxable benefits
    $43,891
    Filer's total
    $165,488

  • Adina Kay-Gross

    EDITORIAL DIRECTOR

    Total calculated
    $134,117
    From this org
    $121,169
    From related orgs
    $0
    Other
    $12,948
    Hours/week
    40

  • Ariel Stewart

    SR. PROGRAM OFFICER

    Total calculated
    $131,177
    From this org
    $101,562
    From related orgs
    $0
    Other
    $29,615
    Hours/week
    40

  • Stevin Ain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr RENA DORPH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Arnold M Eisen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cheryl R Finkel

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jordan T Goodman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barry Joseph

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Oren Kaunfer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barbara Goodman Manilow

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Deborah S Meyer

    Board CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dr Steven B Nasatir

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dr ANNIE POLLAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sara Crown Star

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202411429349300241

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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