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Nonprofiteer
← COVENANT KIDS INC

Form 990 for tax year 2022

Filed by COVENANT KIDS INC.

Totals

Total revenue
$24,117,439
Total expenses
$23,095,485
Contributions and grants received
$1,121,137
Grants paid
$5,911,190
Program service revenue
$22,976,679
Investment income
$2,619
Other revenue
$17,004
Total assets, end of year
$8,832,707
Total liabilities, end of year
$2,173,152
Net assets or fund balances, end of year
$6,659,555
Program services expenses (Part IX)
$22,241,666
Management and general expenses
$731,496
Fundraising expenses
$122,323
Program service expenses (Part III)
$24,319,590

Program services were 96.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KAREN LUND

    ED/PRES/DIR.

    Total calculated
    $210,013
    From this org
    $201,826
    From related orgs
    $0
    Other
    $8,187
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $196,826
    Bonus
    $5,000
    Other
    not reported
    Deferred
    $2,513
    Nontaxable benefits
    $5,674
    Filer's total
    $210,013

  • RON SCHMIDT

    VP/DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DANIEL LUND

    SEC/TREAS/DI

    Total calculated
    $203,182
    From this org
    $197,159
    From related orgs
    $0
    Other
    $6,023
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,631
    Bonus
    $30,528
    Other
    not reported
    Deferred
    $414
    Nontaxable benefits
    $5,609
    Filer's total
    $203,182

  • PAM SCHMIDT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TODD NORTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JESSICA FIELDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANIELLE ADAMA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATT RINKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE MORAN

    CFO

    Total calculated
    $161,087
    From this org
    $0
    From related orgs
    $153,012
    Other
    $8,075
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $148,012 related
    Bonus
    not reported + $5,000 related
    Other
    not reported
    Deferred
    not reported + $2,466 related
    Nontaxable benefits
    not reported + $5,609 related
    Filer's total
    not reported + $161,087 related

  • MARK LINDSKOG

    DIRECTOR OF

    Total calculated
    $133,010
    From this org
    $126,035
    From related orgs
    $0
    Other
    $6,975
    Hours/week
    40

  • SHAWN WILSON

    CHIEF BUS. D

    Total calculated
    $111,059
    From this org
    $105,450
    From related orgs
    $0
    Other
    $5,609
    Hours/week
    40

  • JIMMY DOMINEY

    VP OF OPERAT

    Total calculated
    $137,711
    From this org
    $125,352
    From related orgs
    $0
    Other
    $12,359
    Hours/week
    40

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 7
KAREN LUND AND DANIEL LUND RECEIVED DISCRETIONARY BONUSES IN ADDITION TO THEIR SALARIES. THE BOARD OF DIRECTORS DETERMINES DISCRETIONARY BONUSES. MIKE MORAN RECEIVED A DISCRETIONARY BONUS IN ADDITION TO HIS SALARY.

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

No itemized grants to organizations on this return.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202333149349301988

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