Overview
What is Covenant Academies Foundation?
The Covenant Academies Foundation, situated in Muskegon, Michigan, operates at 125 Catherine Avenue, is a nonprofit organization dedicated to aiding and supporting charter schools. Their mission encompasses providing various forms of assistance, including management services, financial contributions, and donations to the schools themselves. Furthermore, they extend their support to the students attending these schools by offering essential amenities such as housing, cooking supplies, and personal hygiene items.
Official website here: www.covenantacademiesfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Covenant Academies Foundation has received a rating of 84%, reflecting a solid performance mainly in the areas of accountability and finance. This score indicates that the organization is managing its resources responsibly, particularly highlighted by a high program expense ratio of 94.51%, which suggests a significant portion of expenses is directed toward its mission-related activities. The foundation also demonstrates strong governance practices, with an independent board consisting of 100% independent members.
Despite its strengths, there are notable gaps in governance policies, including a missing conflict of interest policy, whistleblower policy, and document retention and destruction policy. These omissions may raise concerns regarding the organization's internal controls and transparency. Additionally, the lack of accessibility to their tax forms on their website may hinder potential donors or supporters who seek a comprehensive understanding of the foundation's financial health.
Overall, while Covenant Academies Foundation shows commendable financial management and accountability, addressing the existing governance policy gaps could enhance its credibility and strengthen donor trust.
This AI summary has been generated from information found on Charity Navigator.
Is Covenant Academies Foundation legitimate?
Covenant Academies Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Covenant Academies 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: $150,143
Professional Fundraising Fees: $0
Other Salaries and Wages: $137,529
For more financial information, click here
Official website here: www.covenantacademiesfoundation.org
What is the mission statement of Covenant Academies Foundation?
The Covenant Academies Foundation's mission is centered around supporting the operation of charter schools. In an effort to contribute to their success, the foundation provides various forms of assistance, including management services, financial aid, and donations. Moreover, they extend their support to the students attending these schools by providing essential amenities such as housing, cooking supplies, and personal hygiene items.
Official website here: www.covenantacademiesfoundation.org
Who is the CEO of Covenant Academies Foundation?
Edd Snyder is the President of Covenant Academies Foundation.
Official website here: www.covenantacademiesfoundation.org
What is the revenue of Covenant Academies Foundation?
Covenant Academies Foundation's revenue in 2022 was $1,154,910.
Official website here: www.covenantacademiesfoundation.org
Who are the executives of Covenant Academies Foundation and what are their salaries?
Here are 9 key members and their salaries:
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- Compensation: $87,692
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- Other: $5,208
- Compensation: $77,682
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- Other: $25,851
- Compensation: $88,450
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- Other: $3,381
Official website here: www.covenantacademiesfoundation.org
Where can I find the form 990 for Covenant Academies Foundation?
Covenant Academies Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.covenantacademiesfoundation.org
Learn more at the official website: www.covenantacademiesfoundation.org
Mission Statement of Covenant Academies Foundation
Covenant Academies Foundation is dedicated to supporting the operation of charter schools. In essence, the organization provides various forms of assistance to these educational institutions. This aid can take the shape of management services, financial contributions, and donations. Moreover, Covenant Academies Foundation goes beyond just supporting the schools by extending help to the students who attend them. They offer essential resources such as housing, cooking supplies, and personal hygiene items to these students. The foundation's mission is to ensure that charter schools can operate smoothly and effectively, thereby providing a conducive learning environment for their students.
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Impact
July, 2024
Covenant Academies Foundation's impact can be seen in the support it provides for the operation of charter schools. Through management services, funds, donations, and assistance to students attending these schools, the foundation plays a crucial role in ensuring the success and well-being of these educational institutions. In addition to supporting the schools, Covenant Academies Foundation also provides essential resources such as housing, cooking supplies, and personal hygiene items to students in need. By focusing on youth development through its support of charter schools, the foundation positively influences the lives of many students in Muskegon, MI.
This information is meant to be a general summary of Covenant Academies 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,495
- Program Service Revenue: $563,642
- Gross Receipts: $1,154,910
Assets and Liabilities:
- Total Assets: $2,847,877
- Total Liabilities: $1,007,831
- Net Assets: $1,840,046
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$563,642
Organization Details
Founding Year
2015
Phone
(231) 720-3100Principal Officer
Edd Snyder
Main Address
125 CATHERINE AVENUE, MUSKEGON, MI, 49442
NTEE Category
Code: O50 - Youth development
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