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United Covenant Foundation INC FY2020 filing

Tax-deductible

Clear Lake, WI501(c)(3)HousingEIN 11-3682676Revenue $604K in FY2020

On file with the IRS348 5th St Nw, 54005-3641 · Clear Lake, WITax-exempt since Aug 2003Publicly supported — 509(a)(2)

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Construction and rental of 39 apartment units designed and operated for elderly individuals and operations of day care center.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $78K a year · 18% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 12.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.8M
104% of total assets
Concern: liabilities are 104% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$604K
Spent
$619K
To programs
100%
Net assets
−$168K
By yearFY2020–FY2024
Revenue
$604K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$604K
FY2021$394K
FY2022$408K
FY2023$353K
FY2024$435K
Expenses
$619K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$619K
FY2021$509K
FY2022$512K
FY2023$479K
FY2024$463K
Net assets
−$168K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$168K
FY2021−$284K
FY2022−$387K
FY2023−$512K
FY2024−$541K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $619K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Art Moore
Director
$0Pt VII · Sec A
Craig Moriak
President
$0Pt VII · Sec A
Ethel Paulson
Secretary
$0Pt VII · Sec A
Dirk Prindle
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Dan Wallberg
Vice Preside
$0Pt VII · Sec A
See United Covenant Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds and rents apartments for seniors, and operates a day care center.

Provided by the organization

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2 programs · $619K · in their own filed words · FY2020
01

Construction and rental of 39 apartment units designed and operated for elderly individuals.

$442Kprogram expense
02

Operations of little lambs christian day care center.

$177Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$604K
Ln 12
Fees for servicesLn 2g$565K
Gifts and grantsLn 1h$38K
Investment incomeLn 3$1K
Money outPt IX
$619K
Ln 25
Programscol B$619K
Owns and owesPt X
−$168K
net assets · Ln 32
Cash and savingsLn 1–2$621K
Total assetsLn 16$4.6M
LiabilitiesLn 26$4.8M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$38K
Government grantsLn 1e$38K
Fees for servicesLn 2g$565K
Investment incomeLn 3$1K
Total revenueLn 12$604K
Assets in detailPt X, end of year
CashLn 1$621K
Cash and savings togetherLn 1–2$621K
Land, buildings, equipmentLn 10c$4.0M
Total assetsLn 16$4.6M
LiabilitiesLn 26$4.8M
Net assetsLn 32−$168K
OperationsPt I, VI
EmployeesI 520
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$451K$621K
Land, buildings, equipmentLn 10c$4.1M$4.0M
Total assetsLn 16$4.6M$4.6M
LiabilitiesLn 26$4.7M$4.8M
Net assetsLn 32−$153K−$168K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$123K$123K
Payroll taxesLn 10$10K$10K
Accounting feesLn 11c$855$855
Other fees for servicesLn 11g$9K$9K
Office expensesLn 13$747$747
OccupancyLn 16$74K$74K
InterestLn 20$48K$48K
Depreciation, depletion and amortizationLn 22$222K$222K
InsuranceLn 23$32K$32K
Other expenses (24a–d)Ln 24$100K$100K
All other expensesLn 24e−$1−$1
Total functional expensesLn 25$619K$619K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $435K$463K−$29K−$541K 990 PDF
FY2023 $353K$479K−$125K−$512K 990 PDF
FY2022 $408K$512K−$104K−$387K 990 PDF
FY2021 $394K$509K−$115K−$284K 990 PDF
FY2020 Viewing $604K$619K−$15K−$168K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $603,758 revenue, 12 lines filed
I-8 Contributions and grants$38,108
I-9 Program service revenuePrior year $516,571$564,505
I-10 Investment incomePrior year $602$1,145
I-11 Other revenue$0
I-12 Total revenuePrior year $517,173$603,758
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $137,240$133,247
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $439,124$485,692
I-18 Total expensesPrior year $576,364$618,939
I-19 Revenue less expensesPrior year −$59,191−$15,181
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $603,758 across 5 lines filed
VIII-1e Government grants$38,108
VIII-1h Total contributions, gifts and grants$38,108
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $564,505$564,505
VIII-3 Investment incomeExcluded from tax $1,145$1,145
VIII-12 Total revenueRelated to mission $564,505 · Excluded from tax $1,145$603,758
Part IX · Statement of functional expenses $618,939 across 11 lines filed
IX-7 Other salaries and wagesPrograms $122,829$122,829
IX-10 Payroll taxesPrograms $10,418$10,418
IX-11c Accounting feesPrograms $855$855
IX-11g Other fees for servicesPrograms $8,837$8,837
IX-13 Office expensesPrograms $747$747
IX-16 OccupancyPrograms $73,645$73,645
IX-20 InterestPrograms $47,804$47,804
IX-22 Depreciation, depletion and amortizationPrograms $221,980$221,980
IX-23 InsurancePrograms $31,627$31,627
IX-24 Other expenses (24a–d)Programs $100,198$100,198
IX-24e All other expensesPrograms −$1−$1
IX-25 Total functional expensesPrograms $618,939 · Management $0 · Fundraising $0$618,939
Part X · Balance sheet $4,588,658 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $451,142$621,215
X-10c Land, buildings and equipment, netStart of year $4,138,386$3,967,443
X-16 Total assetsStart of year $4,589,528$4,588,658
X-17 Accounts payable and accrued expensesStart of year $46,000$51,000
X-26 Total liabilitiesStart of year $4,742,758$4,757,069
X-27 Net assets without donor restrictionsStart of year −$153,230−$168,411
X-32 Total net assets or fund balancesStart of year −$153,230−$168,411
X-33 Total liabilities and net assetsStart of year $4,589,528$4,588,658
Part XI · Reconciliation of net assets −$168,411 net assets at year end
XI-1 Total revenue$603,758
XI-2 Total expenses$618,939
XI-3 Revenue less expenses−$15,181
XI-4 Net assets at start of year−$153,230
XI-10 Net assets at end of year−$168,411

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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