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Nonprofiteer
← COVENANT MINISTRIES OF BENEVOLENCE

Form 990 for tax year 2022

Filed by COVENANT MINISTRIES OF BENEVOLENCE.

Totals

Total revenue
$5,762,434
Total expenses
$4,614,452
Contributions and grants received
$738,050
Grants paid
$842,018
Program service revenue
$2,778,721
Investment income
$1,819,501
Other revenue
$426,162
Total assets, end of year
$53,871,214
Total liabilities, end of year
$6,380,033
Net assets or fund balances, end of year
$47,491,181
Program services expenses (Part IX)
$3,245,352
Management and general expenses
$1,369,100
Fundraising expenses
$0
Program service expenses (Part III)
$3,245,352

Program services were 70.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • LINDA STUHMER

    EMCH PRESIDENT

    Total calculated
    $598,809
    From this org
    $0
    From related orgs
    $564,763
    Other
    $34,046
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $260,123 related
    Bonus
    $0 + $30,951 related
    Other
    $0 + $273,689 related
    Deferred
    $0 + $34,046 related
    Nontaxable benefits
    $0 + $4,900 related
    Filer's total
    $0 + $603,709 related

  • TODD SLECHTA

    EX-OFFICIO/PRESIDENT OF CMB

    Total calculated
    $336,198
    From this org
    $288,273
    From related orgs
    $0
    Other
    $47,925
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $240,108
    Bonus
    $17,175
    Other
    $30,990
    Deferred
    $24,368
    Nontaxable benefits
    $24,636
    Filer's total
    $337,277

  • SCOTT HANSON

    SVP OF FINANCE

    Total calculated
    $228,890
    From this org
    $191,869
    From related orgs
    $0
    Other
    $37,021
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,030
    Bonus
    $25,999
    Other
    $12,840
    Deferred
    $13,866
    Nontaxable benefits
    $23,453
    Filer's total
    $229,188

  • RON ANDERSON

    ACCOUNTING MANAGER

    Total calculated
    $135,733
    From this org
    $127,229
    From related orgs
    $0
    Other
    $8,504
    Hours/week
    40

  • DAVID BOGGS

    EXECUTIVE DIRECTOR

    Total calculated
    $134,951
    From this org
    $119,373
    From related orgs
    $0
    Other
    $15,578
    Hours/week
    40

  • MARIT JOHNSON AWES

    ASSISTANT SECRETARY

    Total calculated
    $129,718
    From this org
    $111,822
    From related orgs
    $0
    Other
    $17,896
    Hours/week
    40

  • TAMMY SWANSON-DRAHEIM

    DIRECTOR/EX-OFFICIO/ECC PRES

    Total calculated
    $108,160
    From this org
    $0
    From related orgs
    $62,214
    Other
    $45,946
    Hours/week
    0.1 + 42 related

  • KATIE PAGANI

    ASSISTANT SECRETARY

    Total calculated
    $63,103
    From this org
    $61,266
    From related orgs
    $0
    Other
    $1,837
    Hours/week
    40

  • SUSAN C POSTON

    DIRECTOR/CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • KAREN RYDELL

    DIRECTOR/VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1

  • KAREN N MANLOVE

    DIRECTOR/TREASURER

    Total calculated
    $0
    Hours/week
    0.1

  • DAVID Y KIM

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    0.1

  • ARTHUR B DEROOY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • BILL CLARK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • CURT ANDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • DARRYL JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • GREG YEE

    DIRECTOR/EX-OFFICIO

    Total calculated
    $0
    Hours/week
    0.1

  • HILARY APPELQUIST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • KECIA STROOT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • LINDA SCHOONOVER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • MARY PALMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • SCOTT DENNIS

    DIRECTOR/EX-OFFICIO

    Total calculated
    $0
    Hours/week
    0.1

  • SEMMEAL THOMAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • TRACY HILTS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
SEE SCHEDULE O EXPLANATION FOR FORM 990 PART VI SECTION B LINE 15 FOR THE METHODS USED TO DETERMINE CEO COMPENSATION. THE REVIEW AND APPROVAL PROCESS IS DESIGNED TO SATISFY AND QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE INTERNAL REVENUE CODE SECTION 4958.
PART I, LINE 4B
EXECUTIVE BENEFIT PLAN COVENANT MINISTRIES OF BENEVOLENCE (CMB), PROVIDES CERTAIN SUPPLEMENTAL RETIREMENT BENEFITS TO ITS OFFICERS AND KEY EMPLOYEES. THESE BENEFITS ARE PROVIDED THROUGH A NONQUALIFIED DEFERRED COMPENSATION PLAN, UNDER WHICH A PORTION OF THE BENEFITS BEING EARNED ARE SUBJECT TO A "SUBSTANTIAL RISK OF FORFEITURE." THE SUPPLEMENTAL RETIREMENT BENEFITS ARE STRUCTURED TO PROVIDE A RETENTION INCENTIVE THAT HAS BEEN DETERMINED BY THE EXECUTIVE COMPENSATION COMMITTEE OF CMB'S BOARD ("COMMITTEE") TO BE OF SUBSTANTIAL VALUE TO THE ORGANIZATION. THE COMMITTEE APPROVES ALL RETIREMENT BENEFITS, TOGETHER WITH ALL OTHER FORMS OF COMPENSATION AND BENEFITS FOR THESE AND OTHER EXECUTIVES, IN A MANNER INTENDED TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE INTERMEDIATE SANCTIONS RULES OF FEDERAL INCOME TAX LAW. THE COMMITTEE HAS DETERMINED THAT TOTAL COMPENSATION FOR EACH SUCH EXECUTIVE IS REASONABLE. THE FOLLOWING ARE PARTICIPANTS IN THE PLAN: SCOTT HANSON TODD SLECHTA LINDA STUHMER IN 2022, LINDA STUHMER RECEIVED DISTRIBUTIONS OF $178,450 FROM THE PLAN.
PART I, LINE 7
THE COMMITTEE FOLLOWS A PRESCRIBED METHOD FOR CALCULATING INCENTIVE COMPENSATION AWARDS. THE CALCULATION IS BASED ON MEASURABLE TARGETS DETERMINED AT THE BEGINNING OF THE YEAR. THE COMMITTEE HAS THE ABILITY TO ADJUST THE DOLLAR VALUE OF THE CALCULATED AWARDS BY UP TO 10%. THE ADJUSTMENT CAN BE AN UPWARD OR DOWNWARD ADJUSTMENT BASED ON VARIOUS PERFORMANCE FACTORS OR ON FACTORS THAT WILL ASSURE THAT FINAL INCENTIVE COMPENSATION AWARDS ARE IN THE BEST INTEREST OF THE ORGANIZATION AND APPROPRIATELY REFLECT THE PERFORMANCE OF THE ORGANIZATION. REFER TO ADDITIONAL INFORMATION ON THE COMMITTEE INCLUDED IN SCHEDULE O. PART II, COLUMN B (II): BONUS AND INCENTIVE COMPENSATION - CERTAIN KEY PERSONS EMPLOYED BY CMB ARE ELIGIBLE FOR INCENTIVE COMPENSATION AS DETERMINED BY THE EXECUTIVE COMPENSATION COMMITTEE. INCENTIVES RELATED TO THE ACHIEVEMENT OF TARGETS FOR THE TWELVE-MONTHS ENDED 9/30/22 WERE PAID OUT IN 2022. PART II, COLUMN D: NONTAXABLE BENEFITS INCLUDE HEALTH INSURANCE PREMIUMS PAID BY THE EMPLOYER AND EMPLOYEE.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • EVANGELICAL COVENANT CHURCH

    501(C)(3) · CHURCH · IL

  • COVENANT LIVING COMMUNITIES AND SERVICES

    501(C)(3) · MANAGEMENT/SUPPORT SERVICES · IL · controlled entity

    Directly controlled by COVENANT MINISTRIES OF BENEVOLENCE

  • COVENANT LIVING OF GOLDEN VALLEY

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MN · controlled entity

    Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES

  • COVENANT HEALTH CARE CENTERS INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · IL · controlled entity

    Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES

  • COVENANT HOME

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · IL · controlled entity

    Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES

  • COVENANT LIVING OF CROMWELL INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · CT · controlled entity

    Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES

  • COVENANT HOME OF CHICAGO

    501(C)(3) · ASSISTED LIVING FACILITY · IL · controlled entity

    Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES

  • COVENANT HOME SERVICES

    501(C)(3) · HOME HEALTH SERVICES · IL · controlled entity

    Directly controlled by COVENANT LIVING SERVICES INC

  • COVENANT HOUSING CORPORATION

    501(C)(3) · MANAGEMENT/SUPPORT SERVICES · IL · controlled entity

    Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES

  • COVENANT LIVING OF BIXBY INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · IL · controlled entity

    Directly controlled by COVENANT LIVING SERVICES INC

  • COVENANT LIVING OF THE GREAT LAKES

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MI · controlled entity

    Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES

  • COVENANT LIVING WEST

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · CA · controlled entity

    Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES

  • COVENANT LIVING SERVICES

    501(C)(3) · MANAGEMENT/SUPPORT SERVICES · IL · controlled entity

    Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES

  • COVENANT LIVING OF COLORADO

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · CO · controlled entity

    Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES

  • COVENANT LIVING OF FLORIDA INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · FL · controlled entity

    Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES

  • COVENANT LIVING AT THE HOLMSTAD

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · IL · controlled entity

    Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES

  • COVENANT LIVING AT WINDSOR PARK

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · IL · controlled entity

    Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES

  • COVENANT LIVING OF GENEVA

    501(C)(3) · RENTAL SENIOR HOUSING · IL · controlled entity

    Directly controlled by COVENANT LIVING SERVICES INC

  • TULSA HILLS COMMUNITY INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · IL · controlled entity

    Directly controlled by COVENANT LIVING SERVICES INC

  • EMC HEALTH INC

    501(C)(3) · MANAGEMENT/SUPPORT SERVICES · CA · controlled entity

    Directly controlled by COVENANT MINISTRIES OF BENEVOLENCE

  • COVENANT CARE CENTER

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · FL · controlled entity

    Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES

  • COVENANT PALMS OF MIAMI

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · FL · controlled entity

    Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES

  • COVENANT RETIREMENT COMMUNITIES OF MINNESOTA INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MN · controlled entity

    Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES

  • CRC FOUNDATION

    501(C)(3) · FUNDRAISING · FL · controlled entity

    Directly controlled by COVENANT LIVING COMMUNITIES AND SERVICES

  • THREE CROWNS FOUNDATION

    501(C)(3) · FOUNDATION · IL · controlled entity

    Directly controlled by COVENANT LIVING SERVICES INC

  • THREE CROWNS PARK

    501(C)(3) · RETIREMENT LIVING COMMUNITY · IL · controlled entity

    Directly controlled by THREE CROWNS FOUNDATION

  • COVENANT LIVING OF KEENE

    501(C)(3) · RETIREMENT LIVING COMMUNITY · IL · controlled entity

    Directly controlled by COVENANT LIVING SERVICES INC

  • COVENANT INITIATIVES FOR CARE

    501(C)(3) · MANAGEMENT/SUPPORT SERVICES · IL · controlled entity

    Directly controlled by COVENANT MINISTRIES OF BENEVOLENCE

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
9 August 2024
IRS schema version
2022v5.0
Source object
202442269349301424

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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