Veiled Prophet Foundation: FY2020 Nonprofit Profile & Form 990 (EIN 20-0008046)

Wendell Covington’s $145K as Executive Director is at the 89th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

Name	FY2024	FY2023
Wendell Covington	$145,000	$139,313

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Revitalizes St. Louis through charitable and educational activities for community betterment.

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Provided by the organization

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1 program · $45K · in their own filed words · FY2020

01

Provided services and support to 25 ST. Louis and surrounding community organizations, including monetary grants to 4 of these organizations.

$45Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

St Louis Community Foundation IncorporatedFY2024$104K

Donor Advised Charitable Giving INCFY2024$24K

The US Charitable Gift TrustFY2024$22K

Gs Donor Advised Philanthropy Fund for Wealth Management INCFY2024$10K

The Russell E Browning Family Foundation INCFY2024$10K

United Way of Greater St Louis INCFY2024$6K

Total grants receivedfrom 6 funders$175K

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Grants paid · 6 grants · $35K · 2020–2021

Mission St LouisMO · FY2021$7,500

Forest Park Forever INCMO · FY2021$7,000

Mission St LouisMO · FY2020$6,500

Great CircleKS · FY2020$6,000

Beyond Housing INCMO · FY2020$5,000

Guardian Angel Settlement AssociationMO · FY2020$3,000

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$123K

Ln 12

Gifts and grantsLn 1h$159K

Investment incomeLn 3$983

Money outPt IX

$56K

Ln 25

Programscol B$45K

Managementcol C$11K

Owns and owesPt X

$487K

net assets · Ln 32

Cash and savingsLn 1–2$457K

Total assetsLn 16$490K

LiabilitiesLn 26$3K

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$159K

Fundraising eventsLn 1c$116K

Investment incomeLn 3$983

Gains on assetsLn 7$684

Total revenueLn 12$123K

Assets in detailPt X, end of year

CashLn 1$437K

SavingsLn 2$20K

Cash and savings togetherLn 1–2$457K

Total assetsLn 16$490K

LiabilitiesLn 26$3K

Net assetsLn 32$487K

OperationsPt I, VI

EmployeesI 51

VolunteersI 6600

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$421K	$457K
Total assetsLn 16	$423K	$490K
LiabilitiesLn 26	$3K	$3K
Net assetsLn 32	$420K	$487K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$20K	$20K
Other salaries and wagesLn 7	$23K	$16K	$7K
Other employee benefitsLn 9	$3K	$2K	$862
Payroll taxesLn 10	$2K	$1K	$633
InsuranceLn 23	$539	$539
Other expenses (24a–d)Ln 24	$7K	$2K	$4K
All other expensesLn 24e	$1K	$3K	−$1K
Total functional expensesLn 25	$56K	$45K	$11K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$394K	$344K	$50K	$927K	990 PDF
FY2023	$387K	$302K	$85K	$876K	990 PDF
FY2022	$277K	$247K	$30K	$791K	990 PDF
FY2021	$353K	$86K	$268K	$761K	990 PDF
FY2020 Viewing	$123K	$56K	$67K	$487K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $123,482 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $166,704$158,768

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $348$983

I-11 Other revenuePrior year −$29,882−$36,269

I-12 Total revenuePrior year $137,170$123,482

I-13 Grants and similar amounts paidPrior year $22,258$20,500

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $44,309$27,372

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $12,460$8,561

I-18 Total expensesPrior year $79,027$56,433

I-19 Revenue less expensesPrior year $58,143$67,049

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 $123,482 across 7 lines filed

VIII-1c Fundraising events$116,420

VIII-1f All other contributions, gifts and grants$42,348

VIII-1h Total contributions, gifts and grants$158,768

VIII-3 Investment incomeExcluded from tax $299$299

VIII-7 Net gain or loss on sales of assetsExcluded from tax $684$684

VIII-8 Net income from fundraising eventsExcluded from tax −$36,269−$36,269

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$35,286$123,482

Part IX · Statement of functional expenses $56,433 across 7 lines filed

IX-1 Grants to domestic organizationsPrograms $20,500$20,500

IX-7 Other salaries and wagesPrograms $16,178 · Management $6,771$22,949

IX-9 Other employee benefitsPrograms $1,661 · Management $862$2,523

IX-10 Payroll taxesPrograms $1,267 · Management $633$1,900

IX-23 InsurancePrograms $539$539

IX-24 Other expenses (24a–d)Programs $2,200 · Management $4,405$6,605

IX-24e All other expensesPrograms $2,774 · Management −$1,357$1,417

IX-25 Total functional expensesPrograms $45,119 · Management $11,314 · Fundraising $0$56,433

Part X · Balance sheet $489,896 assets, 10 lines filed

Asset lines not itemized here account for $30,011; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $405,160$436,985

X-2 Savings and temporary cash investmentsStart of year $15,577$20,408

X-8 Inventories for sale or useStart of year $2,492$2,492

X-16 Total assetsStart of year $423,229$489,896

X-17 Accounts payable and accrued expensesStart of year $3,444$3,061

X-26 Total liabilitiesStart of year $3,444$3,061

X-27 Net assets without donor restrictionsStart of year $375,689$432,239

X-28 Net assets with donor restrictionsStart of year $44,096$54,596

X-32 Total net assets or fund balancesStart of year $419,785$486,835

X-33 Total liabilities and net assetsStart of year $423,229$489,896

Part XI · Reconciliation of net assets $486,835 net assets at year end

XI-1 Total revenue$123,482

XI-2 Total expenses$56,433

XI-3 Revenue less expenses$67,049

XI-4 Net assets at start of year$419,785

XI-8 Prior period adjustments$1

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$486,835

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

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Veiled Prophet Foundation FY2020 filing

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