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COVENANT FOUNDATION INC

EIN 42-1295784 WATERLOO, IA

Revenue 2024
$816,171
Expenses 2024
$1,013,262

Program services were 71.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
Classification
1000
Street
3421 W 9TH ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

WE, COVENANT FOUNDATION AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES. COVENANT FOUNDATION IS A MEMBER OF TRINITY HEALTH.

Activities or mission (Part I)

TO PROVIDE SUPPORT FOR COVENANT MEDICAL CENTER (D/B/A MERCYONE WATERLOO MEDICAL CENTER)

  • SINCE 1986, COVENANT FOUNDATION (MERCYONE WATERLOO FOUNDATION), LOCATED IN WATERLOO, IOWA, HAS SERVED AS THE FUNDRAISING ARM OF COVENANT MEDICAL CENTER (MERCYONE WATERLOO MEDICAL CENTER).IN FISCAL YEAR 2025, THE FOUNDATION RAISED OVER $300,000 FROM INDIVIDUALS, CORPORATIONS, AND PRIVATE FOUNDATIONS WITH ASSISTANCE FROM DEDICATED VOLUNTEERS AND GENEROUS FRIENDS. FUNDING FROM THE FOUNDATION HELPS MERCYONE WATERLOO MEDICAL CENTER MEET THE HEALTH CARE NEEDS OF ITS PATIENTS AND THE COMMUNITY. PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION: WWW.MERCYONE.ORG/NORTHEASTIOWA/GIVING/WATERLOO-FOUNDATION

    Expenses $728,996 · Grants $728,996

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • BRIAN SIMS DO

    DIRECTOR; PHYSICIAN - PEDIATRICS

    Total calculated
    $660,442
    From this org
    $0
    From related orgs
    $602,002
    Other
    $58,440
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $584,252 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $2,750 related
    Deferred
    $0 + $20,425 related
    Nontaxable benefits
    $0 + $38,015 related
    Filer's total
    $0 + $660,442 related

  • RYAN MEYER

    DIRECTOR; MERCYONE NE IA COO

    Total calculated
    $557,288
    From this org
    $0
    From related orgs
    $452,520
    Other
    $104,768
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $334,429 related
    Bonus
    $0 + $111,194 related
    Other
    $0 + $6,897 related
    Deferred
    $0 + $74,425 related
    Nontaxable benefits
    $0 + $30,343 related
    Filer's total
    $0 + $557,288 related

  • TIMOTHY HUBER

    MERCYONE NORTHEAST IA VP OF FINANCE

    Total calculated
    $397,268
    From this org
    $0
    From related orgs
    $340,743
    Other
    $56,525
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $262,960 related
    Bonus
    $0 + $75,965 related
    Other
    $0 + $1,818 related
    Deferred
    $0 + $20,425 related
    Nontaxable benefits
    $0 + $36,100 related
    Filer's total
    $0 + $397,268 related

  • JEWELL JONES

    DIRECTOR THR 1/25; REGISTERED NURSE

    Total calculated
    $14,046
    From this org
    $0
    From related orgs
    $11,454
    Other
    $2,592
    Hours/week
    0.5 + 39.5 related

  • TOM NAGLE

    DIRECTOR; CHAIR THROUGH 12/24

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • BRIAN SAYER

    DIRECTOR; VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • NANCY WEBER

    DIRECTOR; CHAIR AS OF 1/25

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • DAVE BOWLING

    DIRECTOR; TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • KIM FETTKETHER

    DIRECTOR; SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • GABE BERGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JAMES COLOFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • SARAH CLARK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • SHIRLEY DUNLAP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • STACY FOLKERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • LISA GATES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • WILLIAM KASTEN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DAN KEAGLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • BECKY MUDD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • AMBER SCHUCHMANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • TONY THOMPSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MILLISA TIERNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $816,171
    Expenses
    $1,013,262
    Contributions
    $484,166
    Grants paid
    $728,996
  • 2023
    Revenue
    $2,120,318
    Expenses
    $1,257,534
    Contributions
    $483,125
    Grants paid
    $973,044
  • 2022
    Revenue
    $829,989
    Expenses
    $583,564
    Contributions
    $483,142
    Grants paid
    $291,774

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    -$417,229
    Expenses
    $990,016
    Assets (EOY)
    $5,921,895

  • 2020 · 990

    Revenue
    $2,101,688
    Expenses
    $1,849,246
    Assets (EOY)
    $7,329,140

  • 2019 · 990

    Revenue
    $844,823
    Expenses
    $1,014,053
    Assets (EOY)
    $7,076,698

  • 2018 · 990

    Revenue
    $1,143,116
    Expenses
    $628,894
    Assets (EOY)
    $7,245,927

  • 2017 · 990

    Revenue
    $1,687,818
    Expenses
    $3,360,150
    Assets (EOY)
    $6,731,706

  • 2016 · 990

    Revenue
    $1,560,629
    Expenses
    $675,460
    Assets (EOY)
    $8,404,038

  • 2015 · 990

    Revenue
    $1,924,623
    Expenses
    $1,423,491
    Assets (EOY)
    $7,518,869

  • 2014 · 990

    Revenue
    $1,837,133
    Expenses
    $1,943,086
    Assets (EOY)
    $7,017,737

  • 2013 · 990

    Revenue
    $1,757,525
    Expenses
    $1,865,198
    Assets (EOY)
    $7,123,690

  • 2012 · 990

    Revenue
    not reported
    Expenses
    $2,508,561
    Assets (EOY)
    $6,717,848

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

Where these grants went next →

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

The first 25 as filed. The return lists every one.

Declared as related by

The most recent declarers. The API serves every row.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related partnerships on its 2024 return

The first 25 as filed. The return lists the rest.

Related corporations and trusts on its 2024 return

The first 25 as filed. The return lists the rest.

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility SOUNK.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.