Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2010.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
58 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
19 people listed on the 990.
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
Provides funds to support Covenant College.
Questions for Covenant College Foundation INC
Your first name shows with your question. Covenant College Foundation INC answers here, for everyone.
The covenant college foundation exists to support covenant college in its mission to provide members of the presbyterian church in america as well as the wider public with a christ-centered college education.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| End of yearLn 1g | $20.8M | $18.6M | $16.7M | $15.5M | $17.1M |
| Given inLn 1b | $666K | $235K | $1.3M | $509K | $3.1M |
| SpentLn 1d–1f | $871K | $848K | $856K | $95K | $386K |
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.4M | $2.5M |
| InvestmentsLn 11–13 | $18.8M | $21.1M |
| Land, buildings, equipmentLn 10c | $3.3M | $1.5M |
| Total assetsLn 16 | $24.6M | $25.7M |
| LiabilitiesLn 26 | $146K | $271K |
| Net assetsLn 32 | $24.4M | $25.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $894K | $894K | ||
| Legal feesLn 11b | $10K | $2K | $8K | |
| Accounting feesLn 11c | $25K | $9K | $16K | |
| Investment management feesLn 11f | $94K | $94K | ||
| Other fees for servicesLn 11g | $71K | $71K | ||
| Advertising and promotionLn 12 | $22K | $22K | ||
| Office expensesLn 13 | $49K | $49K | ||
| Information technologyLn 14 | $4K | $4K | ||
| OccupancyLn 16 | $12K | $12K | ||
| TravelLn 17 | $48K | $48K | ||
| Conferences, conventions and meetingsLn 19 | $26K | $26K | ||
| Depreciation, depletion and amortizationLn 22 | $21K | $21K | ||
| Other expenses (24a–d)Ln 24 | $218K | $92K | $126K | |
| All other expensesLn 24e | $38K | $21K | $17K | |
| Total functional expensesLn 25 | $1.5M | $894K | $219K | $420K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS May 15, 2026 | $2.2M | $1.5M | $663K | $25.4M | 990 PDF |
| FY2024Filed with the IRS May 6, 2025 | $3.7M | $1.3M | $2.3M | $24.4M | 990 PDF |
| FY2023Filed with the IRS Mar 26, 2024 | $1.9M | $981K | $948K | $20.2M | 990 PDF |
| FY2022 | $2.6M | $1.0M | $1.6M | $18.2M | 990 PDF |
| FY2021Filed with the IRS Apr 4, 2022 | $3.6M | $936K | $2.7M | $20.1M | 990 PDF |
| FY2020Filed with the IRS May 17, 2021 | $2.1M | $1.0M | $1.0M | $14.8M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $2,195,584 revenue, 12 lines filed
Part VI · Governance 14 of 15 board members independent, 1 to look at
Part VIII · Statement of revenue $2,195,584 across 6 lines filed
Part IX · Statement of functional expenses $1,532,350 across 14 lines filed
Part X · Balance sheet $25,656,087 assets, 13 lines filed
Part XI · Reconciliation of net assets $25,384,990 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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