Covenant College Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 273298736 ✦ Lookout mountain, GA ✦ Designated as a 501(c)(3)

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Overview

What is Covenant College Foundation Inc?

The Covenant College Foundation Inc, situated in Lookout Mountain, Georgia, serves as a supportive entity for Covenant College. As a nonprofit organization, its primary mission is to raise funds through donations from various sources, which are then allocated to the college in the form of grants and scholarships. This financial assistance aids in funding the college's operations and supporting the education of its students, aligning with its goal to provide a Christ-centered education to members of the Presbyterian Church in America and the wider public. Additionally, the foundation acts as the planned-giving arm of Covenant College, working to expand its endowment to ensure the college's future and the continued pursuit of its mission.


Official website here: www.covenant.giftlegacy.com

Is Covenant College Foundation Inc legitimate?

Covenant College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Covenant College Foundation Inc 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: $1,225
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.covenant.giftlegacy.com

What is the mission statement of Covenant College Foundation Inc?

The Covenant College Foundation, serving as the planned-giving arm of Covenant College, primarily focuses on expanding the College's endowment. This initiative is crucial in ensuring the College's future and its commitment to its mission. The mission of the Foundation, in essence, is to aid Covenant College in providing a Christ-centered education to members of the Presbyterian Church in America and the wider public. The Foundation achieves this by receiving donations from benefactors, which are then converted into grants and scholarships to support the College's operations and assist students in their education.


Official website here: www.covenant.giftlegacy.com

Who is the CEO of Covenant College Foundation Inc?

Marc Erickson is the Trustee of Covenant College Foundation Inc.


Official website here: www.covenant.giftlegacy.com

What is the revenue of Covenant College Foundation Inc?

Covenant College Foundation Inc's revenue in 2022 was $2,624,692.


Official website here: www.covenant.giftlegacy.com

Who are the executives of Covenant College Foundation Inc and what are their salaries?

There 14 volunteers at Covenant College Foundation Inc.


Here are 17 key members and their salaries:


Dr J Derek Halvorson (Trustee)
  • Compensation: $0
  • Related: $282,529
  • Other: $23,977
Richard Bowser (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Kramer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Wilkinson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Beck (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Burdette (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Grauley (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martin Moore (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarina Sharp (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sam R Smartt Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Wood (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
J Allen Wright (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Truschel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beth Nedelisky (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Curtis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc Erickson (President/Executive Direct)
  • Compensation: $0
  • Related: $199,906
  • Other: $19,596
Fred Verwoerd (Assistant Treasurer)
  • Compensation: $0
  • Related: $126,840
  • Other: $20,858


Official website here: www.covenant.giftlegacy.com

Where can I find the form 990 for Covenant College Foundation Inc?

Covenant College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.covenant.giftlegacy.com

Learn more at the official website: www.covenant.giftlegacy.com

Mission Statement of Covenant College Foundation Inc

Covenant College Foundation, serving as the planned-giving arm of Covenant College, is dedicated to enhancing the institution's future. Its primary objective is to augment the College's endowment, thereby ensuring the continuation of its mission to impart a Christ-centered education. By receiving donations from benefactors, the Foundation contributes to the College in the form of grants and scholarships, thereby supporting the College's operations and sponsoring students' education. The ultimate goal of Covenant College Foundation is to strengthen Covenant College, empowering it to fulfill its mission of providing a Christ-focused education to members of the Presbyterian Church in America and the broader public.

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Impact




October, 2024

Covenant College Foundation Inc significantly impacts both Covenant College and its student body by ensuring the sustainability of a Christ-centered education for members of the Presbyterian Church in America and beyond. By receiving and allocating funds from generous donors, the Foundation provides essential grants and scholarships that directly support the College's operations and enhance the educational experience for students.

The Foundation plays a crucial role in growing the College's endowment, securing the financial future of Covenant College and enabling it to uphold its mission of exploring and expressing the preeminence of Jesus Christ in all pursuits. This commitment not only benefits current students but also strengthens the institution for generations to come, fostering a community that values education intertwined with faith. Through its efforts, Covenant College Foundation Inc empowers students to achieve their academic goals while remaining anchored in their Christian beliefs.




This information is meant to be a general summary of Covenant College Foundation Inc. 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.

Revenue
$2,624,692 (2022)
Expenses
$1,003,553 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,815,899
  • Gross Receipts: $3,588,613

Assets and Liabilities:

  • Total Assets: $18,187,987
  • Total Liabilities: $17,344
  • Net Assets: $18,170,643

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Organization Details

Founding Year

2010

Principal Officer

Marc Erickson

Main Address

14049 Scenic Highway, Lookout Mountain, GA, 30750

NTEE Category

Code: B11 - Education

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