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Covenant Healthcare Foundation

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

EIN: 382572154 ✦ Saginaw, MI ✦ Designated as a 501(c)(3)

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Overview

What is Covenant Healthcare Foundation?

Covenant Healthcare Foundation is a charitable organization based in Saginaw, Michigan, with a specific mission to support the Covenant Healthcare System, a non-profit entity, and its affiliated hospital, Covenant Medical Center. The foundation accepts donations and manages charitable funds, acting as a steward for the generous contributions from Covenant Healthcare's constituency. These funds are allocated to various hospital units within the Covenant Healthcare System, benefiting the overall organization and its patients. The foundation plays a crucial role in bolstering the healthcare services provided by Covenant Medical Center.


Official website here: www.covenanthealthcare.com

Is Covenant Healthcare Foundation legitimate?

Covenant Healthcare Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Covenant Healthcare Foundation 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: $427,874

For more financial information, click here


Official website here: www.covenanthealthcare.com

What is the mission statement of Covenant Healthcare Foundation?

The Covenant Healthcare Foundation's mission is centered around supporting the Covenant Healthcare System. It accomplishes this by accepting donations and managing charitable funds received from the Covenant Healthcare constituency. The primary objective is to utilize these funds for the betterment of the Covenant Healthcare System, a non-profit organization, and its affiliated hospital, Covenant Medical Center. The foundation dispenses grants to various hospital units within the Covenant Healthcare System to enhance their operations and services.


Official website here: www.covenanthealthcare.com

Who is the CEO of Covenant Healthcare Foundation?

Kevin Albosta is the President/Ceo of Covenant Healthcare Foundation. The CEO's salary of Covenant Healthcare Foundation is $0 and their total compensation is $1,407,831.


Official website here: www.covenanthealthcare.com

What is the revenue of Covenant Healthcare Foundation?

Covenant Healthcare Foundation's revenue in 2022 was $2,934,595.


Official website here: www.covenanthealthcare.com

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

There 329 volunteers at Covenant Healthcare Foundation.


Here are 15 key members and their salaries (Covenant Healthcare Foundation's CEO's salary is $0 and their total compensation is $1,407,831):


Edward Bruff (President/Ceo)
  • Compensation: $0
  • Related: $1,706,538
  • Other: $104,109
Bethany Charlton (President/Ceo)
  • Compensation: $0
  • Related: $712,311
  • Other: $695,520
Kevin Albosta (Vp/Cfo)
  • Compensation: $0
  • Related: $549,269
  • Other: $385,736
Amy Buben (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jane Hagen (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard J Garber Jr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald J Carlyon (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Culli Damuth (Board Member - Part Year)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lyle G Davis Jr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brent Gaertner (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bj Humphreys (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Molly Saputo (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John W Shelton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathi Spence (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Cottrell (Foundation Director)
  • Compensation: $207,496
  • Related: $0
  • Other: $6,712


Official website here: www.covenanthealthcare.com

Where can I find the form 990 for Covenant Healthcare Foundation?

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


Official website here: www.covenanthealthcare.com

Learn more at the official website: www.covenanthealthcare.com

Mission Statement of Covenant Healthcare Foundation

Covenant Healthcare Foundation, a charitable organization, is established with a mission to support the Covenant Healthcare System. This mission involves accepting donations and providing stewardship of charitable funds received from the Covenant Healthcare constituency. The primary goal is to utilize these funds to benefit the Covenant Healthcare System, a non-profit organization, and its affiliated hospital, Covenant Medical Center. The foundation accomplishes this by granting funds to various hospital units within the Covenant Healthcare System. These grants are intended to contribute positively to the overall operations and wellbeing of the healthcare system. In essence, Covenant Healthcare Foundation serves as a bridge between donors and the healthcare system, ensuring that charitable funds are used effectively and efficiently to support the system's operations and services.

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Impact




October, 2024

Covenant Healthcare Foundation significantly impacts the healthcare landscape by supporting the Covenant Healthcare System through the acceptance of donations and dedicated stewardship of charitable funds. The foundation plays a crucial role in facilitating grants to various hospital units, directly benefiting the Covenant Healthcare System and its affiliated facility, Covenant Medical Center. By channeling resources into essential programs and services, the foundation enhances patient care, supports advanced medical technology, and fosters community health initiatives in Saginaw, MI. This enduring commitment to improving healthcare outcomes not only strengthens the healthcare services provided but also cultivates a supportive community around Covenant Healthcare.




This information is meant to be a general summary of Covenant Healthcare Foundation. 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
$2,934,595 (2022)
Expenses
$4,858,867 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,378,184
  • Gross Receipts: $4,191,394

Assets and Liabilities:

  • Total Assets: $25,418,869
  • Total Liabilities: $109,602
  • Net Assets: $25,309,267

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Organization Details

Founding Year

1984

Principal Officer

Kevin Albosta

Main Address

1447 N HARRISON, SAGINAW, MI, 48602

NTEE Category

Code: E112 - Health

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