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Nonprofiteer
← COVENANT FOUNDATION INC

Form 990 for tax year 2023

Filed by COVENANT FOUNDATION INC.

Totals

Total revenue
$2,120,318
Total expenses
$1,257,534
Contributions and grants received
$483,125
Grants paid
$973,044
Program services expenses (Part IX)
$973,044
Management and general expenses
$98,842
Fundraising expenses
$185,648
Program service expenses (Part III)
$973,044

Program services were 77.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • BRIAN SIMS DO

    DIRECTOR; PHYSICIAN

    Total calculated
    $672,331
    From this org
    $0
    From related orgs
    $603,725
    Other
    $68,606
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $601,234 related
    Bonus
    $0
    Other
    $0 + $2,491 related
    Deferred
    $0 + $24,750 related
    Nontaxable benefits
    $0 + $43,856 related
    Filer's total
    $0 + $672,331 related

  • RYAN MEYER

    DIRECTOR; MERCYONE NE IA COO

    Total calculated
    $425,787
    From this org
    $0
    From related orgs
    $355,257
    Other
    $70,530
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $246,465 related
    Bonus
    $0 + $85,000 related
    Other
    $0 + $23,792 related
    Deferred
    $0 + $41,172 related
    Nontaxable benefits
    $0 + $29,358 related
    Filer's total
    $0 + $425,787 related

  • TIMOTHY HUBER

    VP OF FINANCE

    Total calculated
    $376,966
    From this org
    $0
    From related orgs
    $312,625
    Other
    $64,341
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $254,798 related
    Bonus
    $0 + $53,731 related
    Other
    $0 + $4,096 related
    Deferred
    $0 + $24,497 related
    Nontaxable benefits
    $0 + $39,844 related
    Filer's total
    $0 + $376,966 related

  • JEWELL JONES

    DIRECTOR; MGR, PATIENT CARE THR 2/24

    Total calculated
    $149,173
    From this org
    $0
    From related orgs
    $116,256
    Other
    $32,917
    Hours/week
    0.5 + 39.5 related

  • TOM NAGLE

    DIRECTOR; CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • BRIAN SAYER

    DIRECTOR; VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • NANCY WEBER

    DIRECTOR; VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • DAVE BOWLING

    DIRECTOR; TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • KIM FETTKETHER

    DIRECTOR; SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • GABE BERGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JAMES COLOFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • SARAH DOBES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • SHIRLEY DUNLAP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • STACY FOLKERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • LISA GATES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • WILLIAM KASTEN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DAN KEAGLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • BECKY MUDD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • AMBER SCHUCHMANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • TONY THOMPSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MILLISA TIERNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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

  • 4b · Supplemental nonqualified retirement plan

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COVENANT FOUNDATION IS A SUBSIDIARY IN THE TRINITY HEALTH SYSTEM. COVENANT FOUNDATION'S COO IS PAID DIRECTLY BY THE SYSTEM'S PARENT ENTITY, TRINITY HEALTH CORPORATION. TRINITY HEALTH CORPORATION USED THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF COVENANT FOUNDATION'S COO: - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY
PART I, LINE 4B
THE FOLLOWING IS A PARTICIPANT IN A TRINITY HEALTH SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IN 2023. THE PLAN PROVIDES RETIREMENT BENEFITS TO CERTAIN TRINITY HEALTH EXECUTIVES SUBJECT TO MEETING SPECIFIED VESTING AND EMPLOYMENT DATE REQUIREMENTS. PARTICIPANTS' VESTED BENEFITS WERE PAID OUT IN 2023, AND THEIR NON-VESTED BENEFITS FOR 2023 WERE ACCRUED. THE FOLLOWING ACCRUAL FOR 2023 IS INCLUDED IN COLUMN C OF SCHEDULE J, PART II: RYAN MEYER - $28,333

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

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
14 May 2025
IRS schema version
2023v6.0
Source object
202511349349301991

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