Totals
- Total revenue
- $1,775,320
- Total expenses
- $1,813,872
- Contributions and grants received
- $1,773,177
- Grants paid
- $1,366,007
- Program service revenue
- $0
- Investment income
- $65
- Other revenue
- $2,078
- Total assets, end of year
- $341,104
- Total liabilities, end of year
- $81,669
- Net assets or fund balances, end of year
- $259,435
- Program services expenses (Part IX)
- $1,590,525
- Management and general expenses
- $49,620
- Fundraising expenses
- $173,727
- Program service expenses (Part III)
- $1,590,525
Program services were 87.7% 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.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$1,773,177
-
1g · Noncash contributions included above
$237,976
-
3 · Investment income
total $65 · excluded $65
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: FOREIGN CURRENCY EXCHANGE
-
11b · Other revenue: OTHER
total $223 · related or exempt $223
-
11c · Other revenue: REIMBURSED EXPENSES
total $1,855 · related or exempt $1,855
-
11e · Other revenue, total
$2,078
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $1,366,007 · program services $1,366,007
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $107,986 · program services $86,389 · management and general $10,799 · fundraising $10,798
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $65,425 · program services $52,340 · management and general $13,085
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $8,000 · program services $6,400 · management and general $1,600
-
10 · Payroll taxes
total $12,407 · program services $9,926 · management and general $2,481
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $4,014 · management and general $4,014
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $119 · program services $95 · management and general $24
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $11,996 · program services $9,597 · management and general $2,399
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $4,260 · program services $3,408 · management and general $852
-
17 · Travel
total $26,411 · program services $21,129 · management and general $5,282
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $2,968 · program services $2,374 · management and general $594
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $4,421 · program services $3,537 · management and general $884
-
23 · Insurance
total $17,853 · program services $14,282 · management and general $3,571
-
24a · Other expenses: FUNDRAISING EVENTS
total $162,929 · fundraising $162,929
-
24b · Other expenses: BANK SERVICE CHARGES
total $16,003 · program services $12,802 · management and general $3,201
-
24c · Other expenses: Postage and Shipping
total $1,759 · program services $1,407 · management and general $352
-
24d · Other expenses: REIMBURSABLE EXPENSES
total $540 · program services $432 · management and general $108
-
24e · All other expenses
total $774 · program services $400 · management and general $374
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $32,693 · end of year $52,536
-
2 · Savings and temporary cash investments
beginning of year $231,575 · end of year $6,640
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $11,436 · end of year $11,436
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $237,976
-
9 · Prepaid expenses and deferred charges
beginning of year $561 · end of year $561
-
10a · Land, buildings and equipment: cost or other basis
$50,494
-
10b · Land, buildings and equipment: accumulated depreciation
$40,654
-
10c · Land, buildings and equipment, net
beginning of year $11,693 · end of year $9,840
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $30,685 · end of year $22,115
-
25 · Other liabilities
beginning of year $20,656 · end of year $81,669
-
27 · Net assets without donor restrictions
beginning of year $297,987 · end of year $259,435
Mission and programs · 2022
Mission
CHARITABLE - RELIGIOUS
-
VisionFor years, helping countries in need has been driven by a model based on charity aid assistance - giving handouts to the needy. But this kind of aid creates a dependency that cripples people. NEW COVENANT MISSIONS [NCM] brings a new and invigorating model to missions: helping people to become self-sufficientStrategyNCM's strategy is to implement the principles of a "business as missions" organization. It focuses on partnering with people in developing nations to instill sustainable business practices while meeting the core needs of individuals and their communities. To enable the people of Ethiopia to be self-sufficient in all areas of their lives, NCF has created seven unique Initiatives: * Church Planting, Health Care, Education and Personal Assistance Initiatives all help foster "Community Development". * The Finance, Innovation, and Marketing initiatives all help promote "Economic DevelopmentMissionThe mission of the New Covenant Missions is to: * Proclaim the gospel of Jesus Christ * Break the bonds of dependency on foreign aid by empowering individuals and communities to be self-sufficient Create a mutual partnership with people that enable long-term sustainability of their economy, their environment, and their community.Primary Focus1) Church Planting: The focus of New Covenant Foundation is to reach people for Jesus Christ. The Church Planting Initiative supports local church planters. Instead of bringing in foreign missionaries, NCM believes that the most effective way to spread Christs love is to enable people in their own country to minister to their own people. 2) Community Health Education: The focus is on the "preventativeX not "curative" process. This is accomplished by providing basic health information and training throughout rural communities in southern Ethiopia. The training covers topics such as water purification, sanitation, agriculture, nutrition, maternal care and childcare, home care, prevention of disease including HIV/AIDS. They have shared this information in nearly 500 communities to over 900,000 people. Preliminary results show and estimated 50% reduction in the infant mortality rate and malnutrition rate.2022 New Covenant Missions Accomplishments513 African families were provided a job to plant churches at a monthly income ranging from $130 300 per month.24 African professionals were provided full time jobs to manage our work.2,355 new Churches were formed.39,528 people were added to these new churches as members and counseled to live a better life by the African families we support.339,759 Africans were invited to be a part of the churches and had the Gospel of Jesus Christ shared with them.Continual support of a new orphanage in Tanzania supporting 10 children.Built three Public Health Centers to support rural villages with no healthcare in Senegal, Congo Republic, and Gabon.Built six fresh water projects (Gambia, Ivory Coast, Zambia, Kenya, Ghana, Uganda)Built a public toilet facility in Burkina Faso.Staffing and provision of uniforms and lunches for a public kindergarten school that we built in 2020 to serve 56 children in Ethiopia.Provided food, clothing, medical, and social care for 37 elderly Ethiopian widows and 10 orphans.Provided food relief to 3,451 people in Ethiopia, Mauritania, and Mali.Provided free medical care to 10,839 people in Ethiopia and Djibouti.Provided school supplies and uniforms for students in Nigeria, Ghana, Kenya, and Burkina Faso which impacted 2099 people.Provided language schools for 50+ students in Mauritania.
Expenses $1,590,525
As filed on the 2022 return.
Listed in Part VII
-
Erik E LaursenERIK E LAURSEN
President & CEO
- Total calculated
- $107,986
- From this org
- $107,986
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Bobby CarmodyBOBBY CARMODY
Secretary
- Total calculated
- $0
- Hours/week
- 4
-
Gil MertzGIL MERTZ
Director
- Total calculated
- $0
- Hours/week
- 4
-
Michael SmithMICHAEL SMITH
Treasurer
- Total calculated
- $0
- Hours/week
- 4
-
Deborah HiebertDEBORAH HIEBERT
Director
- Total calculated
- $0
- Hours/week
- 4
-
Michael StemmMICHAEL STEMM
Chairman
- Total calculated
- $0
- Hours/week
- 20
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 3 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323079349302012
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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