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← NEW COVENANT COMMUNITY DEVELOPMENT

Form 990 for tax year 2022

Filed by NEW COVENANT COMMUNITY DEVELOPMENT.

Totals

Total revenue
$1,064,357
Total expenses
$792,662
Contributions and grants received
$1,064,357
Grants paid
$412,666
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,909,167
Total liabilities, end of year
$2,931,099
Net assets or fund balances, end of year
$1,978,068
Program services expenses (Part IX)
$660,309
Management and general expenses
$132,353
Fundraising expenses
$0
Program service expenses (Part III)
$660,309

Program services were 83.3% 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

    $1,064,357

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $412,666 · program services $412,666

  • 7 · Other salaries and wages

    total $215,135 · program services $146,292 · management and general $68,843

  • 10 · Payroll taxes

    total $77,235 · program services $52,520 · management and general $24,715

  • 11g · Fees: other

    total $5,198 · program services $2,599 · management and general $2,599

  • 12 · Advertising and promotion

    total $4,872 · program services $3,264 · management and general $1,608

  • 13 · Office expenses

    total $3,762 · management and general $3,762

  • 16 · Occupancy

    total $7,200 · management and general $7,200

  • 23 · Insurance

    total $2,179 · management and general $2,179

  • 24a · Other expenses: MISCELLANEOUS

    total $53,674 · program services $39,182 · management and general $14,492

  • 24b · Other expenses: MEALS AND ENTERTAINMENT

    total $7,572 · program services $3,786 · management and general $3,786

  • 24c · Other expenses: UTILTIES

    total $3,149 · management and general $3,149

  • 24d · Other expenses: TAXES AND LICENSES

    total $20 · management and general $20

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,692,419 · end of year $4,891,524

  • 2 · Savings and temporary cash investments

    beginning of year $17,643 · end of year $17,643

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,689 · end of year $20,964

  • 25 · Other liabilities

    end of year $2,910,135

  • 27 · Net assets without donor restrictions

    beginning of year $1,706,373 · end of year $1,978,068

Mission and programs · 2022

Mission

TO ESTABLISH COMMUNITY STABILITY THOUGH ENTREPRENEURIAL ECONOMIC DEVELOPMENT. WE ACCOMPLISH THIS THROUGH CLASSES, WORKSHOPS, AND ONE ON ONE BUSINESS COACHING.

  • FINANCIAL LITERACY PROGRAM

  • BUSINESS COACHING AND MENTORING

  • WORKSHOPS FOR ENTREPRENEURIALSHIP

  • OTHER PROGRAMS

    Expenses $660,309 · Grants $412,666

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rodney D Brown

    EXECUTIVE DI

    Total calculated
    $65,000
    From this org
    $65,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Dennis Deer

    BOARD PRESID

    Total calculated
    $0

  • Mark Ferguson

    TREASURER

    Total calculated
    $0

  • Mike Hobbs

    BOARD MEMBER

    Total calculated
    $0

  • Melvin Houston

    BOARD MEMBER

    Total calculated
    $0

  • Sheila McNary

    BOARD MEMBER

    Total calculated
    $0

  • Jamil Muhammad

    BOARD MEMBER

    Total calculated
    $0

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

  • SUNSHINE ENTERPRISES

    $146,250

    BUSINESS DEVELOPMENT

  • SOULE CHICAGO

    $114,574

    BUSINESS DEVELOPMENT

  • OTHER GRANTS

    $48,889

    BUSINESS DEVELOPMENT

  • FORTY ACRES

    $28,953

    BUSINESS DEVELOPMENT

  • CHICAGO BEYOND

    $26,000

    BUSINESS DEVELOPMENT

  • IDAS ARTISAN

    $25,000

    BUSINESS DEVELOPMENT

  • SEEK DESIGN

    $13,000

    BUSINESS DEVELOPMENT

  • PRINCIPLE SPACE

    $10,000

    BUSINESS DEVELOPMENT

Provenance

Return type
form_990
Tax year
2022
Filed
25 March 2024
IRS schema version
2022v5.0
Source object
202440889349300709

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