Form 990 for tax year 2024
Filed by COVENANT MINISTRIES OF BENEVOLENCE.
Totals
- Total revenue
- $13,658,596
- Total expenses
- $4,196,264
- Contributions and grants received
- $270,379
- Grants paid
- $281,834
- Program services expenses (Part IX)
- $2,752,456
- Management and general expenses
- $1,443,808
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,752,456
Program services were 65.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
ARTHUR B DEROOY
DIRECTOR/VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.1
-
CURT ANDERSON
DIRECTOR/CHAIR
- Total calculated
- $0
- Hours/week
- 0.1 + 2.2 related
-
KECIA STROOT
DIRECTOR/SECRETARY
- Total calculated
- $0
- Hours/week
- 0.1
-
SCOTT HANSON
SVP OF FINANCE/ASSISTANT TREASURER
- Total calculated
- $265,499
- From this org
- $229,382
- From related orgs
- $0
- Other
- $36,117
- Hours/week
- 40 + 0.1 related
Schedule J breakdown matched by us
- Base
- $165,386
- Bonus
- $27,850
- Other
- $36,146
- Deferred
- $20,762
- Nontaxable benefits
- $15,355
- Filer's total
- $265,499
-
TAMMY SWANSON-DRAHEIM
DIRECTOR/EX-OFFICIO/ECC PRES
- Total calculated
- $251,703
- From this org
- $0
- From related orgs
- $145,412
- Other
- $106,291
- Hours/week
- 0.1 + 42.2 related
Schedule J breakdown matched by us
- Base
- $0 + $114,912 related
- Bonus
- $0
- Other
- $0 + $30,500 related
- Deferred
- $0 + $28,291 related
- Nontaxable benefits
- $0 + $78,000 related
- Filer's total
- $0 + $251,703 related
-
TODD SLETCHA
EX-OFFICIO/PRESIDENT OF CMB & CIC
- Total calculated
- $391,690
- From this org
- $323,746
- From related orgs
- $0
- Other
- $67,944
- Hours/week
- 40 + 2.4 related
Schedule J breakdown matched by us
- Base
- $277,415
- Bonus
- $0
- Other
- $46,331
- Deferred
- $35,568
- Nontaxable benefits
- $32,376
- Filer's total
- $391,690
-
TRAVIS NORDSTROM
DIRECTOR/TREASURER
- Total calculated
- $0
- Hours/week
- 0.1
-
BEN MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
BILL CLARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
CYNDI HOFFMAN
DIRECTOR/EX-OFFICIO
- Total calculated
- $112,724
- From this org
- $0
- From related orgs
- $104,786
- Other
- $7,938
- Hours/week
- 0.1 + 40 related
-
DARRYL JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
GREG YEE
DIRECTOR/EX-OFFICIO - PART YEAR
- Total calculated
- $0
- Hours/week
- 0.1
-
HILARY APPLEQUIST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
HOWARD BURGOYNE
DIRECTOR/EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.1
-
KIMBERLY WRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
MARY PALMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 2.3 related
-
SEMMEAL THOMAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
SUSAN C POSTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
TIFFINE WATTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
TRACY HILTS
DIRECTOR - PART YEAR
- Total calculated
- $0
- Hours/week
- 0.1
-
WILL DAVIDSON
DIRECTOR/EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.1
-
KATIE PAGANI
ASSISTANT SECRETARY
- Total calculated
- $88,660
- From this org
- $85,681
- From related orgs
- $0
- Other
- $2,979
- Hours/week
- 40
-
LINDA STUHMER
ASSISTANT SECRETARY, SVP AND GENERAL COUNSEL
- Total calculated
- $478,952
- From this org
- $0
- From related orgs
- $409,008
- Other
- $69,944
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $275,133 related
- Bonus
- $0 + $33,154 related
- Other
- $0 + $100,721 related
- Deferred
- $0 + $10,350 related
- Nontaxable benefits
- $0 + $59,594 related
- Filer's total
- $0 + $478,952 related
-
MARIT JOHNSON AWES
ASSISTANT SECRETARY
- Total calculated
- $149,613
- From this org
- $115,889
- From related orgs
- $0
- Other
- $33,724
- Hours/week
- 40
-
DANA NORTON
CAMPUS EXECUTIVE DIRECTOR
- Total calculated
- $122,802
- From this org
- $120,716
- From related orgs
- $0
- Other
- $2,086
- Hours/week
- 40
-
DAVID BOGGS
EXECUTIVE DIRECTOR
- Total calculated
- $158,333
- From this org
- $139,233
- From related orgs
- $0
- Other
- $19,100
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $101,757
- Bonus
- $12,319
- Other
- $25,157
- Deferred
- $4,327
- Nontaxable benefits
- $14,773
- Filer's total
- $158,333
-
RON ANDERSON
ACCOUNTING MANAGER
- Total calculated
- $157,996
- From this org
- $136,343
- From related orgs
- $0
- Other
- $21,653
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $103,931
- Bonus
- $12,960
- Other
- $19,452
- Deferred
- $4,323
- Nontaxable benefits
- $17,330
- Filer's total
- $157,996
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 — 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 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PART I, LINE 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION
- SEE SCHEDULE O EXPLANATION FOR FORM 990 PART VI SECTION B LINE 15 FOR THE METHODS USED TO DETERMINE CEO COMPENSATION. THE REVIEW AND APPROVAL PROCESS IS DESIGNED TO SATISFY AND QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE INTERNAL REVENUE CODE SECTION 4958.
- SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN
- EXECUTIVE BENEFIT PLAN COVENANT MINISTRIES OF BENEVOLENCE (CMB), PROVIDES CERTAIN SUPPLEMENTAL RETIREMENT BENEFITS TO ITS OFFICERS AND KEY EMPLOYEES. THESE BENEFITS ARE PROVIDED THROUGH A NONQUALIFIED DEFERRED COMPENSATION PLAN, UNDER WHICH A PORTION OF THE BENEFITS BEING EARNED ARE SUBJECT TO A "SUBSTANTIAL RISK OF FORFEITURE." THE SUPPLEMENTAL RETIREMENT BENEFITS ARE STRUCTURED TO PROVIDE A RETENTION INCENTIVE THAT HAS BEEN DETERMINED BY THE EXECUTIVE COMPENSATION COMMITTEE OF CMB'S BOARD ("COMMITTEE") TO BE OF SUBSTANTIAL VALUE TO THE ORGANIZATION. THE COMMITTEE APPROVES ALL RETIREMENT BENEFITS, TOGETHER WITH ALL OTHER FORMS OF COMPENSATION AND BENEFITS FOR THESE AND OTHER EXECUTIVES, IN A MANNER INTENDED TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE INTERMEDIATE SANCTIONS RULES OF FEDERAL INCOME TAX LAW. THE COMMITTEE HAS DETERMINED THAT TOTAL COMPENSATION FOR EACH SUCH EXECUTIVE IS REASONABLE. THE FOLLOWING ARE PARTICIPANTS IN THE PLAN: SCOTT HANSON LINDA STUHMER TODD SLECHTA IN 2024, THESE INDIVIDUALS VESTED IN THE PLAN IN THE FOLLOWING AMOUNTS: TODD SLECHTA - $13,018 SCOTT HANSON - $19,474
- SCHEDULE J, PART I, LINE 7 NON-FIXED PAYMENTS
- THE COMMITTEE FOLLOWS A PRESCRIBED METHOD FOR CALCULATING INCENTIVE COMPENSATION AWARDS. THE CALCULATION IS BASED ON MEASURABLE TARGETS DETERMINED AT THE BEGINNING OF THE YEAR. THE COMMITTEE HAS THE ABILITY TO ADJUST THE DOLLAR VALUE OF THE CALCULATED AWARDS BY UP TO 10%. THE ADJUSTMENT CAN BE AN UPWARD OR DOWNWARD ADJUSTMENT BASED ON VARIOUS PERFORMANCE FACTORS OR ON FACTORS THAT WILL ASSURE THAT FINAL INCENTIVE COMPENSATION AWARDS ARE IN THE BEST INTEREST OF THE ORGANIZATION AND APPROPRIATELY REFLECT THE PERFORMANCE OF THE ORGANIZATION. REFER TO ADDITIONAL INFORMATION ON THE COMMITTEE INCLUDED IN SCHEDULE O.
- SCHEDULE J, PART II, COLUMN (B)(II)
- BONUS AND INCENTIVE COMPENSATION - CERTAIN KEY PERSONS EMPLOYED BY CMB ARE ELIGIBLE FOR INCENTIVE COMPENSATION AS DETERMINED BY THE EXECUTIVE COMPENSATION COMMITTEE. INCENTIVES RELATED TO ACHIEVEMENT OF TARGETS FOR THE TWELVE MONTHS ENDED 9/30/24 WERE PAID OUT IN 2024.
- SCHEDULE J, PART II, COLUMN (D)
- NONTAXABLE BENEFITS INCLUDE HEALTH INSURANCE PREMIUMS PAID BY THE EMPLOYER AND EMPLOYEE.
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
-
$90,000
SPONSORSHIPS
-
$9,000
SPONSORSHIPS
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.
-
501(C)(3) · CHURCH · IL
Directly controlled by NA
-
COVENANT LIVING COMMUNITIES AND SERVICES
501(C)(3) · MANAGEMENT/SUPPORT SERVICES · IL · controlled entity
Directly controlled by COVENANT MINISTRIES OF BENEVOLENCE
-
COVENANT LIVING OF GOLDEN VALLEY
501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MN · controlled entity
Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES
-
COVENANT HEALTH CARE CENTER INC
501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · IL · controlled entity
Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES
-
501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · IL · controlled entity
Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES
-
COVENANT LIVING OF CROMWELL INC
501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · CT · controlled entity
Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES
-
501(C)(3) · ASSISTED LIVING FACILITY · IL · controlled entity
Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES
-
501(C)(3) · HOME HEALTH SERVICES · IL · controlled entity
Directly controlled by COVENANT LIVING SERVICES
-
501(C)(3) · MANAGEMENT/SUPPORT SERVICES · IL · controlled entity
Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES
-
501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · IL · controlled entity
Directly controlled by COVENANT LIVING SERVICES
-
COVENANT LIVING OF THE GREAT LAKES
501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MI · controlled entity
Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES
-
501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · CA · controlled entity
Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES
-
501(C)(3) · MANAGEMENT/SUPPORT SERVICES · IL · controlled entity
Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES
-
501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · CO · controlled entity
Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES
-
COVENANT LIVING OF FLORIDA INC
501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · FL · controlled entity
Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES
-
COVENANT LIVING AT THE HOLMSTAD
501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · IL · controlled entity
Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES
-
COVENANT LIVING AT WINDSOR PARK
501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · IL · controlled entity
Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES
-
501(C)(3) · RENTAL SENIOR HOUSING · IL · controlled entity
Directly controlled by COVENANT LIVING SERVICES
-
501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · IL · controlled entity
Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES
-
501(C)(3) · MANAGEMENT/SUPPORT SERVICES · CA · controlled entity
Directly controlled by COVENANT MINISTRIES OF BENEVOLENCE
-
501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · FL · controlled entity
Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES
-
501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · FL · controlled entity
Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES
-
COVENANT RETIREMENT COMMUNITIES OF MINNESOTA INC
501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MN · controlled entity
Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES
-
501(C)(3) · FUNDRAISING · IL · controlled entity
Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES
-
501(C)(3) · FOUNDATION · IL · controlled entity
Directly controlled by COVENANT LIVING SERVICES
-
501(C)(3) · RETIREMENT LIVING COMMUNITY · IL · controlled entity
Directly controlled by THREE CROWNS FOUNDATION
-
501(C)(3) · RETIREMENT LIVING COMMUNITY · IL · controlled entity
Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES
-
COVENANT INITIATIVES FOR CARE INC
501(C)(3) · MANAGEMENT/SUPPORT SERVICES · IL · controlled entity
Directly controlled by COVENANT MINISTRIES OF BENEVOLENCE
-
COVENANT LIVING AT SHANNONDALE
501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · TN · controlled entity
Directly controlled by COVENANT LIVING SERVICES
-
COVENANT ENABLING RESIDENCES OF ILLINOIS INC
501(C)(3) · HOMES FOR INTELLECTUAL AND DEVELOPMENTALLY DISABLED ADULTS · IL · controlled entity
Directly controlled by COVENANT INITIATIVES FOR CARE
-
COVENANT ENABLING RESIDENCES OF MICHIGAN INC
501(C)(3) · HOMES FOR INTELLECTUAL AND DEVELOPMENTALLY DISABLED ADULTS · MI · controlled entity
Directly controlled by COVENANT INITIATIVES FOR CARE
-
COVENANT ENABLING RESIDENCES OF MINNESOTA INC
501(C)(3) · HOMES FOR INTELLECTUAL AND DEVELOPMENTALLY DISABLED ADULTS · MN · controlled entity
Directly controlled by COVENANT INITIATIVES FOR CARE
-
COVENANT ENABLING RESIDENCES OF FLORIDA INC
501(C)(3) · HOMES FOR INTELLECTUAL AND DEVELOPMENTALLY DISABLED ADULTS · IL · controlled entity
Directly controlled by COVENANT INITIATIVES FOR CARE
-
501(C)(3) · BEHAVIORIAL AND DEVELOPMENT SERVICES FOR CHILDREN AND YOUNG ADULTS · CT · controlled entity
Directly controlled by COVENANT INITIATIVES FOR CARE
-
COVENANT CHILDREN'S HOME AND FAMILY SERVICES
501(C)(3) · FACILITATES VARIOUS GRANT AND SCHOLARSHIP PROGRAMS FOR STUDENTS · IL · controlled entity
Directly controlled by COVENANT INITIATIVES FOR CARE
-
501(C)(3) · CAPTIVE INSURANCE · VT · controlled entity
Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES
Provenance
- Return type
- form_990
- Tax year
- 2024
- IRS schema version
- 2024v5.1
- Source object
- 202612249349301341
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