The Foundation has been established to assist in the revitalization and betterment of the city of st. Louis by engaging in charitable and educational activities which will in turn benefit the entire st. Louis metropolitan area.

501(c)(3) charity; gifts are tax-deductible.
10¢ of each $1 spent went to programs.
$139K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
5 of 5
filings with a surplus
Average surplus $100K a year · 33% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
10%
of spending
Concern: 10% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$139K
to officers and key staff · 46% of spending
Concern: pay to officers and key staff is 46% of spending; over 30%.
Pt VII · Sec A
37 mo
of spending, in cash
Looks good: 36.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $175K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$84K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$387K
+40% vs prior year
Spent
$302K
To programs
10%
Net assets
$876K
By yearFY2020–FY2024
Revenue
$387K
FY2023▲ +40%
Tap a bar for its year
Revenue by fiscal year
FY2020$123K
FY2021$353K
FY2022$277K
FY2023$387K
FY2024$394K
Expenses
$302K
FY2023▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$56K
FY2021$86K
FY2022$247K
FY2023$302K
FY2024$344K
Net assets
$876K
FY2023▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$487K
FY2021$761K
FY2022$791K
FY2023$876K
FY2024$927K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 2004.

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

Where the money goes

10 cents of each dollar spent went to programs.

Program services 10% · $31K Management & general 90% · $271K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $139K paid to officers and key staff.

Part VII, Section A · reportable compensation
$139,313Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2024FY2023
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 2Yes
  • 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 · $31K · in their own filed words · FY2023
01

Provided services and support to 9 ST. Louis and surrounding community organizations, including monetary grants to 4 of these organizations.

$31Kprogram 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
See all 6 funders →
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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$387K
Ln 12
Gifts and grantsLn 1h$524K
Investment incomeLn 3$9K
Money outPt IX
$302K
Ln 25
Programscol B$31K
Managementcol C$271K
Owns and owesPt X
$876K
net assets · Ln 32
Cash and savingsLn 1–2$926K
Total assetsLn 16$960K
LiabilitiesLn 26$84K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$524K
Fundraising eventsLn 1c$524K
Investment incomeLn 3$9K
Total revenueLn 12$387K
Assets in detailPt X, end of year
CashLn 1$681K
SavingsLn 2$245K
Cash and savings togetherLn 1–2$926K
Total assetsLn 16$960K
LiabilitiesLn 26$84K
Net assetsLn 32$876K
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
LineStart FY23End FY23
Cash and savingsLn 1–2$806K$926K
Total assetsLn 16$839K$960K
LiabilitiesLn 26$49K$84K
Net assetsLn 32$791K$876K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$35K$35K
Pay of current officers, directors and key staffLn 5$139K$139K
Other salaries and wagesLn 7$45K−$17K$62K
Pension plan contributionsLn 8$457$513−$56
Other employee benefitsLn 9$14K$3K$12K
Payroll taxesLn 10$13K$1K$12K
Management feesLn 11a$750$750
Information technologyLn 14$16K$16K
OccupancyLn 16$12K$12K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$17K$8K$9K
All other expensesLn 24e$8K$1K$7K
Total functional expensesLn 25$302K$31K$271K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $394K$344K$50K$927K 990 PDF
FY2023 Viewing $387K$302K$85K$876K 990 PDF
FY2022 $277K$247K$30K$791K 990 PDF
FY2021 $353K$86K$268K$761K 990 PDF
FY2020 $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 FY2023 990 (6 parts)
Part I · Summary $387,402 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $398,316$523,904
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2,551$8,841
I-11 Other revenuePrior year −$123,687−$145,343
I-12 Total revenuePrior year $277,180$387,402
I-13 Grants and similar amounts paidPrior year $28,500$35,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $89,543$212,522
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $129,167$54,562
I-18 Total expensesPrior year $247,210$302,084
I-19 Revenue less expensesPrior year $29,970$85,318
Part VI · Governance 12 of 12 board members independent, 5 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $387,402 across 5 lines filed
VIII-1c Fundraising events$523,904
VIII-1h Total contributions, gifts and grants$523,904
VIII-3 Investment incomeExcluded from tax $8,841$8,841
VIII-8 Net income from fundraising eventsExcluded from tax −$145,343−$145,343
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$136,502$387,402
Part IX · Statement of functional expenses $302,084 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $35,000$35,000
IX-5 Pay of current officers, directors and key staffManagement $139,313$139,313
IX-7 Other salaries and wagesPrograms −$17,395 · Management $62,379$44,984
IX-8 Pension plan contributionsPrograms $513 · Management −$56$457
IX-9 Other employee benefitsPrograms $2,510 · Management $11,791$14,301
IX-10 Payroll taxesPrograms $1,309 · Management $12,158$13,467
IX-11a Management feesManagement $750$750
IX-14 Information technologyManagement $15,591$15,591
IX-16 OccupancyManagement $12,000$12,000
IX-23 InsuranceManagement $1,840$1,840
IX-24 Other expenses (24a–d)Programs $7,618 · Management $8,974$16,592
IX-24e All other expensesPrograms $1,259 · Management $6,530$7,789
IX-25 Total functional expensesPrograms $30,814 · Management $271,270 · Fundraising $0$302,084
Part X · Balance sheet $960,277 assets, 11 lines filed
Asset lines not itemized here account for $32,794; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $572,401$681,089
X-2 Savings and temporary cash investmentsStart of year $233,618$244,523
X-8 Inventories for sale or useStart of year $1,871$1,871
X-16 Total assetsStart of year $839,350$960,277
X-17 Accounts payable and accrued expensesStart of year $509$84,212
X-24 Unsecured notes and loans payableStart of year $48,094$0
X-26 Total liabilitiesStart of year $48,603$84,212
X-27 Net assets without donor restrictionsStart of year $732,451$817,769
X-28 Net assets with donor restrictionsStart of year $58,296$58,296
X-32 Total net assets or fund balancesStart of year $790,747$876,065
X-33 Total liabilities and net assetsStart of year $839,350$960,277
Part XI · Reconciliation of net assets $876,065 net assets at year end
XI-1 Total revenue$387,402
XI-2 Total expenses$302,084
XI-3 Revenue less expenses$85,318
XI-4 Net assets at start of year$790,747
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$876,065

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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