Overview
What is Covenant Ministries Of Benevolence?
Covenant Ministries of Benevolence (CMB) is a nonprofit organization based in Chicago, Illinois. Its primary role is to offer administrative management services to various affiliated organizations, all of which fall under the IRS guidelines as exempt non-profits under Section 501(C)(3). These affiliates include EMC Health, Inc., Covenant Initiatives for Care, Inc., and several other entities across different states, such as Covenant Enabling Residences of Florida, Inc. and Covenant Living of Colorado, Inc. CMB's mission is to support organizations that serve the sick, disabled, aging, poor, and vulnerable individuals, reflecting Jesus Christ's life-giving and sustaining ministry. They aid in the development, advancement, and governance of these mission-driven organizations, employing a workforce of 8 individuals dedicated to this purpose.
Official website here: www.cmb.org
Is Covenant Ministries Of Benevolence legitimate?
Covenant Ministries Of Benevolence is a legitimate nonprofit organization registered as a 501(c)(3) entity. Covenant Ministries Of Benevolence 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: $772,803
Professional Fundraising Fees: $0
Other Salaries and Wages: $659,289
For more financial information, click here
Official website here: www.cmb.org
What is the mission statement of Covenant Ministries Of Benevolence?
Covenant Ministries of Benevolence has a mission to express the life-giving and sustaining ministry of Jesus Christ. They achieve this by supporting and advancing mission-driven organizations that serve individuals who are sick, disabled, aging, poor, or vulnerable. The organization provides administrative management services to several affiliated non-profit organizations, helping them fulfill their missions and exempt functions. These affiliates include EMC Health, Covenant Initiatives for Care, Covenant Enabling Residences in various states, Adelbrook, Covenant Children's Home and Family Services, Covenant Living Communities, and several others. The overall goal is to assist these organizations in serving those in need, reflecting the compassionate and caring ministry of Jesus Christ.
Official website here: www.cmb.org
Who is the CEO of Covenant Ministries Of Benevolence?
Scott Hanson is the Emch President of Covenant Ministries Of Benevolence.
Official website here: www.cmb.org
What is the revenue of Covenant Ministries Of Benevolence?
Covenant Ministries Of Benevolence's revenue in 2022 was $6,251,372.
Official website here: www.cmb.org
Who are the executives of Covenant Ministries Of Benevolence and what are their salaries?
The average compensation at Covenant Ministries Of Benevolence during 2022 was $179,012. There are 8 employees and 16 volunteers at Covenant Ministries Of Benevolence.
Here are 24 key members and their salaries:
- Compensation: $0
- Related: $376,266
- Other: $93,981
- Compensation: $196,214
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- Other: $48,265
- Compensation: $198,247
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- Other: $41,623
- Compensation: $151,693
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- Other: $43,989
- Compensation: $119,165
- Related: $0
- Other: $26,874
- Compensation: $124,722
- Related: $0
- Other: $15,918
- Compensation: $0
- Related: $127,532
- Other: $97,677
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Official website here: www.cmb.org
Where can I find the form 990 for Covenant Ministries Of Benevolence?
Covenant Ministries Of Benevolence's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cmb.org
Learn more at the official website: www.cmb.org
Mission Statement of Covenant Ministries Of Benevolence
Covenant Ministries of Benevolence is dedicated to expressing the life-giving and sustaining ministry of Jesus Christ by supporting and developing mission-driven organizations that serve those who are sick, disabled, aging, poor, or vulnerable. The nonprofit's mission is to assist these organizations in carrying out their missions or exempt functions, providing them with administrative management services under the IRS guidelines as non-profit organizations exempt under Section 501(c)(3). The organizations that Covenant Ministries of Benevolence serves include EMC Health, Inc., Covenant Initiatives for Care, Inc., Covenant Enabling Residences of Illinois, among others. By offering these services, Covenant Ministries of Benevolence aims to help these organizations make a significant impact in the lives of those who need it most.
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Impact
October, 2024
Covenant Ministries of Benevolence plays a crucial role in enhancing the lives of societies' most vulnerable members. By providing administrative management services to a network of affiliated organizations, it supports initiatives that cater to the sick, disabled, aging, poor, and other at-risk populations.
These services empower various organizations, enabling them to effectively carry out their missions. This collaborative approach not only amplifies the reach and impact of these individual organizations but also fosters a holistic support system that addresses multiple needs within the community. Through its dedication to service and partnership, Covenant Ministries ensures that essential resources and services are accessible to those who need them the most, ultimately promoting health, well-being, and dignity for all individuals.
This information is meant to be a general summary of Covenant Ministries Of Benevolence. 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: $1,562,295
- Program Service Revenue: $3,595,149
- Gross Receipts: $6,251,372
Assets and Liabilities:
- Total Assets: $52,382,497
- Total Liabilities: $8,146,689
- Net Assets: $44,235,808
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT SERVICES
Revenue
$3,595,149
Organization Details
Founding Year
1986
Phone
(773) 989-1610Principal Officer
Scott Hanson
Main Address
4055 W PETERSON AVE 106, CHICAGO, IL, 60646
Website
www.cmb.orgNTEE Category
Code: Z99Z - Unknown
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