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Nonprofiteer
← COVENANT ENDOWMENT FUND

Form 990 for tax year 2024

Filed by COVENANT ENDOWMENT FUND.

Totals

Total revenue
$74,365
Total expenses
$33,175
Contributions and grants received
$35,270
Grants paid
$32,863
Program service revenue
$0
Investment income
$39,095
Other revenue
$0
Total assets, end of year
$682,253
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$682,253
Program services expenses (Part IX)
$32,863
Management and general expenses
$312
Fundraising expenses
$0
Program service expenses (Part III)
$32,863

Program services were 99.1% 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

    $35,270

  • 3 · Investment income

    total $17,954 · excluded $17,954

  • 7a · Gross sales of assets other than inventory

    securities $121,522

  • 7b · Less cost or other basis and sales expenses

    securities $100,381

  • 7c · Gain or loss

    securities $21,141

  • 7d · Net gain or loss

    total $21,141 · related or exempt $21,141

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $32,863 · program services $32,863

  • 11f · Fees: investment management

    total $312 · management and general $312

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,945 · end of year $5,085

  • 11 · Investments: publicly traded securities

    beginning of year $611,523 · end of year $677,168

  • 28 · Net assets with donor restrictions

    beginning of year $613,468 · end of year $682,253

Mission and programs · 2024

Mission

TO RECEIVE CONTRIBUTIONS TO BE HELD AND INVESTED BY THE COVENANT ENDOWMENT FUND TO BE USED FOR PROGRAMS AT THE COVENANT SCHOOL, INC.

  • FUNDING ASSISTANCE PROVIDED TO THE COVENANT SCHOOL, INC TO SUPPORT THE SCHOOL'S FINANCIAL AID PROGRAM. THE FINANCIAL AID PROGRAM PROVIDES SUPPORT FOR NEED BASED FAMILIES OF THE SCHOOL. THE COVENANT SCHOOL, INC. IS AN INDEPENDENT CHRISTAIN SCHOOL PROVIDING EDUCATIONAL SERVICES TO APPROXIMATELY 760 STUDENTS FROM PRE-KINDERGARTEN THROUGH 12TH GRADE.

    Expenses $32,863 · Grants $32,863

As filed on the 2024 return.

Listed in Part VII

  • BRIAN CULLATY

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • STEVE LUCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    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.

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
2024
Filed
11 December 2025
IRS schema version
2024v5.2
Source object
202503469349300910

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

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