Overview
What is Covenant Health Investment Trust?
Covenant Health Investment Trust, formerly known as Providentia Prima Trust, is a nonprofit organization situated in Tewksbury, Massachusetts. Its primary purpose is to oversee and manage pooled investments for various tax-exempt organizations, as per Section 501(c)(3) of the Federal income tax code. The trust serves as a financial entity for these organizations, providing them with investment management services.
Official website here: www.covenantheath.net
Is Covenant Health Investment Trust legitimate?
Covenant Health Investment Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Covenant Health Investment Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.covenantheath.net
What is the mission statement of Covenant Health Investment Trust?
Covenant Health Investment Trust, formerly known as Providentia Prima Trust, was established with a mission to manage and hold pooled investments for organizations that are exempt from Federal income tax under Section 501(c)(3). Its primary purpose is to serve as a financial steward, ensuring the effective utilization of these investments to support the various charitable endeavors of the affiliated organizations. The trust does not have a mission to directly fund or support specific causes, but rather to provide a financial infrastructure that enables the philanthropic activities of its associated entities.
Official website here: www.covenantheath.net
Who is the CEO of Covenant Health Investment Trust?
Stephen Grubbs is the President & Ceo of Covenant Health Investment Trust. The CEO's salary of Covenant Health Investment Trust is $0 and their total compensation is $890,263.
Official website here: www.covenantheath.net
What is the revenue of Covenant Health Investment Trust?
Covenant Health Investment Trust's revenue in 2022 was -$914,895.
Official website here: www.covenantheath.net
Who are the executives of Covenant Health Investment Trust and what are their salaries?
There 14 volunteers at Covenant Health Investment Trust.
Here are 16 key members and their salaries (Covenant Health Investment Trust's CEO's salary is $0 and their total compensation is $890,263):
- Compensation: $0
- Related: $853,102
- Other: $37,161
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $512,632
- Other: $43,368
Official website here: www.covenantheath.net
Where can I find the form 990 for Covenant Health Investment Trust?
Covenant Health Investment Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.covenantheath.net
Learn more at the official website: www.covenantheath.net
Mission Statement of Covenant Health Investment Trust
Covenant Health Investment Trust, formerly known as Providentia Prima Trust, serves a unique purpose. Established with a mission, this organization is designed to manage and hold pooled investments for various organizations that are exempt from Federal income tax under Section 501(c)(3). Essentially, Covenant Health Investment Trust acts as a financial steward, pooling resources from these tax-exempt organizations to invest collectively, thereby potentially maximizing returns and furthering their respective charitable objectives.
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Impact
October, 2024
Covenant Health Investment Trust plays a significant role in managing pooled investments for various organizations exempt from Federal income tax under Section 501(c)(3). By effectively investing and managing these funds, the Trust enhances the financial stability and growth potential of the health organizations it supports. This strategic investment approach helps ensure that these organizations have the necessary resources to provide vital health services, ultimately benefiting the communities they serve. By pooling resources, Covenant Health Investment Trust optimizes investment returns and fosters collaboration among members, contributing to the overall improvement of health care outcomes in the region.
This information is meant to be a general summary of Covenant Health Investment Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$914,895
- Gross Receipts: $92,212,830
Assets and Liabilities:
- Total Assets: $244,447,441
- Total Liabilities: $0
- Net Assets: $244,447,441
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Organization Details
Founding Year
1996
Phone
(978) 654-6363Principal Officer
Stephen Grubbs
Main Address
100 Ames Pond Drive, Tewksbury, MA, 01876
Website
www.covenantheath.netNTEE Category
Code: E120 - Health
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