Form 990 for tax year 2023

Totals

Total revenue

$2,127,446

Total expenses

$2,004,467

Contributions and grants received

$2,055,794

Grants paid

$437,074

Program service revenue

$0

Investment income

$71,652

Other revenue

$0

Total assets, end of year

$3,262,295

Total liabilities, end of year

$2,090,161

Net assets or fund balances, end of year

$1,172,134

Program services expenses (Part IX)

$1,505,616

Management and general expenses

$147,208

Fundraising expenses

$351,643

Program service expenses (Part III)

$1,505,616

Program services were 75.1% 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.

Mission and programs · 2023

• THE COVENANT'S CATHOLIC ENERGIES PROGRAM DEVELOPED SEVERAL SOLAR AND ENERGY EFFICIENCY PROJECTS FOR CATHOLIC INSTITUTIONS ACROSS THE UNITED STATES INCLUDING ILLINOIS, RHODE ISLAND, VIRGINIA, TEXAS, PUERTO RICO AND NEW YORK. THE SOLAR PROJECTS ALONE WILL OFFSET 100,000 METRIC TONS OF GREENHOUSE GASES. ALL OF THE PROJECTS CAME AT NO COST TO THE FACILITY OWNERS AS CATHOLIC ENERGIES SECURED INVESTORS WHO OWN THE SOLAR ASSETS. IN ADDITION, ALL PROJECTS WILL HELP SUBSTANTIALLY REDUCE ENERGY COSTS, SAVINGS THAT CAN NOW BE USED FOR OTHER MINISTRIES, AND TO EDUCATE THE COMMUNITY ON THEIR BENEFIT TO THE ORGANIZATION, THE CHURCH, AND OUR DUTY TO CARE FOR CREATION. IN FY2023, THE COVENANT CREATED A YOUNG ADULT MOBILIZATION PROGRAM AND YOUTH MOBILIZATION PROGRAM TO EMPOWER CATHOLIC YOUNG ADULTS AND YOUTH TO FOLLOW THE CALL TO CARE FOR CREATION AND GENERATE CLIMATE SOLUTIONS, FROM THE FOUNDATION OF THEIR CATHOLIC FAITH. THESE PROGRAMS ARE WORKING DIRECTLY WITH THEM TO BUILD THEIR LEADERSHIP CAPACITY AND ORGANIZE WITHIN THEIR DIOCESES, TO INSPIRE THEIR LOCAL CATHOLIC INSTITUTIONS TO COMMIT TO ACTIONS THAT CARE FOR CREATION AND ACT ON CLIMATE. THE PROGRAMS ARE ALSO PROVIDING TRAINING AND RESOURCES SUCH AS THE WHOLE MAKERS CURRICULUM, TO INSPIRE ECOLOGICAL CONVERSION AS ASKED BY SAINT JOHN PAUL II AND POPE FRANCIS. IN FY2021, THE VATICAN AND THE USCCB ASKED THE COVENANT TO LEAD EFFORTS TO PROMOTE THE VATICAN'S LAUDATO SI ACTION PLATFORM. THE COVENANT CONTINUES THIS EFFORT INCLUDING ADVISING THE GLOBAL EFFORT, CONVENING REGULAR MEETINGS WITH US CATHOLICS LEADING CARE FOR CREATION EFFORTS IN THEIR DIOCESES AND PARISHES; ENCOURAGING USE OF A US-SPECIFIC WEBSITE WWW.GODSPLANET.US IN THE SERVICE OF THE U.S. CATHOLIC TO INSPIRE, SHOWCASE, EDUCATE AND EQUIP US INSTITUTIONS ACROSS THE 7 SECTORS; AND HOSTING WEBINARS TO EDUCATE THE COMMUNITY ON THE PLATFORM. AMONG OTHER THINGS, THE NUMBER OF PARISHES AND DIOCESES PARTICIPATING IN THE CONVENINGS HAS GROWN AND CONTINUES TO INCREASE TODAY. WE ALSO CONTINUED TO EDUCATE OUR CONSTITUENCY ON CARE FOR CREATION ISSUES THROUGH WEBINARS AND PROGRAMS SUCH AS CELEBRATING THE SEASON OF CREATION AND EARTH DAY, WHICH WERE DOWNLOADED BY THOUSANDS OF PEOPLE.

  Expenses $1,505,616 · Grants $437,074

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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.

Grants on this return

• COMMUNITY COOPERATIVE

  $342,557

  CATHOLIC IMPACT INVESTING COOPERATIVE

• ARMANDO MULTIMEDIA LLC

  $12,500

  STORY TELLING PROJECT

Provenance

Return type

form_990

Tax year

2023

Filed

8 May 2025

IRS schema version

2023v6.0

Source object

202541339349304359

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