Totals
- Total revenue
- $49,689,611
- Total expenses
- $53,240,912
- Contributions and grants received
- $7,349,533
- Grants paid
- $19,281,677
- Program service revenue
- $41,766,867
- Investment income
- $503,050
- Other revenue
- $70,161
- Total assets, end of year
- $99,704,112
- Total liabilities, end of year
- $2,688,078
- Net assets or fund balances, end of year
- $97,016,034
- Program services expenses (Part IX)
- $45,829,562
- Management and general expenses
- $4,786,334
- Fundraising expenses
- $2,625,016
- Program service expenses (Part III)
- $45,829,562
Program services were 86.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
Craig Wood
Chairman
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Robert Rayburn
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
John Truschel
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Martin Moore
Treasurer
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Bob Curtis
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Bruce Terrell
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
David Caines
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Don Mellott
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Dr Bill Barcley
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Dr Bradley Harris
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Dr Gordon Sluis
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Dr Render Caines
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Drew Jelgerhuis
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Duncan Highmark
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mark Griggs
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Rev Alexander Brown
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Rev Bradley Barnes
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Rev Kevin Smith
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Rev Lance Lewis
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Rev Matt Fray
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Rev Omari Hill
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Rev Scott Seaton
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Rev Tom Groelsema
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Richard Bowser
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Sam R Smartt Jr
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Sean McGowan
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Steve Sligh
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Towner Scheffler
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Wills Ryan
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Dr J Derek Halvorson
President
- Total calculated
- $301,917
- From this org
- $270,382
- From related orgs
- $0
- Other
- $31,535
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $260,242
- Bonus
- $0
- Other
- $10,140
- Deferred
- $5,052
- Nontaxable benefits
- $26,483
- Filer's total
- $301,917
-
Fred Verwoerd
VP Operations & Finance, CFO (part year)
- Total calculated
- $143,687
- From this org
- $122,033
- From related orgs
- $0
- Other
- $21,654
- Hours/week
- 40 + 1 related
-
Mark Huffines
Controller
- Total calculated
- $0
- Hours/week
- 40 + 1 related
-
Marc Erickson
VP for Development/CCF Pres.
- Total calculated
- $211,166
- From this org
- $189,095
- From related orgs
- $0
- Other
- $22,071
- Hours/week
- 35 + 5 related
Schedule J breakdown matched by us
- Base
- $154,903
- Bonus
- $24,758
- Other
- $9,434
- Deferred
- $3,135
- Nontaxable benefits
- $18,936
- Filer's total
- $211,166
-
Brian Fikkert
Professor of Econ. & Community Dev.
- Total calculated
- $136,245
- From this org
- $109,437
- From related orgs
- $0
- Other
- $26,808
- Hours/week
- 40
-
Dr Brad Voyles
VP for Student Development
- Total calculated
- $156,860
- From this org
- $134,542
- From related orgs
- $0
- Other
- $22,318
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $133,975
- Bonus
- $0
- Other
- $567
- Deferred
- $2,434
- Nontaxable benefits
- $19,884
- Filer's total
- $156,860
-
Dr Kelly Kapic
Professor of Theological Studies
- Total calculated
- $115,051
- From this org
- $112,899
- From related orgs
- $0
- Other
- $2,152
- Hours/week
- 40
-
Jeff Sandhoff
Major Gift Officer
- Total calculated
- $183,080
- From this org
- $158,936
- From related orgs
- $0
- Other
- $24,144
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $104,863
- Bonus
- $44,064
- Other
- $10,009
- Deferred
- $1,842
- Nontaxable benefits
- $22,302
- Filer's total
- $183,080
-
Marshall Rowe
Regional Director of Development
- Total calculated
- $129,456
- From this org
- $106,863
- From related orgs
- $0
- Other
- $22,593
- 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
- 1a · Travel for companions
- 1a · Tax indemnification and gross-up payments
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 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)
- Schedule J, Part I, Line 1a Travel for companions
- The President's wife travels with him on occasion, and this is included in his taxable income.
- Schedule J, Part I, Line 1a Tax indemnification and gross-up payments
- Tax indemnification and gross up benefits are provided for the President and the VP for Development/CCF President, and this is included in their taxable income.
- Schedule J, Part I, Line 1a Health or social club dues or initiation fees
- Club dues are reimbursed for the President and the VP for Development/CCF President and this is included in taxable income.
- Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization
- Major Gift Officers have the ability to earn additional pay under a Performance Based Pay program established in conjunction with the Board. Under this program Marc Erickson, VP for Development/CCF President, Jeff Sandhoff, Major Gift Officer and Marshall Rowe, Regional Director of Development received a bonus based on their 2022 performance related to the Impact endowment campaign. The incentive compensation is reported in Part II, Column B(ii).
- Schedule J, Part I, Line 5b Compensation contingent on revenues of a related organization
- Major Gift Officers have the ability to earn additional pay under a Performance Based Pay program established in conjunction with the Board. Under this program Marc Erickson, VP for Development/CCF President, Jeff Sandhoff, Major Gift Officer and Marshall Rowe, Regional Director of Development received a bonus based on their 2022 performance related to the Impact endowment campaign. The incentive compensation is reported in Part II, Column B(ii).
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
-
Program Support
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.
-
Covenant College Foundation Inc
501(c)(3) · Supporting Organization · GA · controlled entity
Directly controlled by Covenant College
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
Residence hall and dining hall for Covenant College students · GA · income $0 · assets $0
Directly controlled by Covenant College Center Hall Manager LLC
-
Residence hall and dining hall services for Covenant College students · GA · income $0 · assets $0
Directly controlled by Covenant College
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 21 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410819349301111
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