Covenant Pathways EIN 47-3515588

Covenant Pathways FY2021 filing

EIN  47-3515588 Public charity (501(c)(3)) Vanderwagen, NM
Form 990 (PDF)
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Size
$100K–1M
What they do
Heals desert soil and builds resilient communities through traditional and modern organic farming practices.
Leadership
Joyce Skeet · Program Director · $33K
Money in and out
$236K revenue, $220K expenses
Bottom line
89% program efficiency

Heals desert soil and builds resilient communities through traditional and modern organic farming practices. For fiscal year 2021 it reported $236K in revenue, $220K in expenses, and $262K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$236K
Pt VIII · Ln 12
Total expenses
$220K
Pt IX · Ln 25
Net assets
$262K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $16K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.11 Fundraising $0.00
Program efficiency
89%
of spending reaches programs
Operating runway
9.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+7%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$236K
FY2021▼ -21%
Expenses
$220K
FY2021▲ +32%
Total assets
$296K
FY2021▲ +21%
Total liabilities
$34K
FY2021
Total revenue
$236K
Pt VIII · Ln 12
Total expenses
$220K
Pt IX · Ln 25
Net assets
$262K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$16K
Total assetsPt X · Ln 16$296K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $163K of program spending, described in the organization's own filed words · FY2021.
01

Spirit Farm

Develop and maintain a demonstration farm that uses microbial rich compost to heal the soil and grow nutrient rich foods. 105 visitors came to the farm; we assisted 3 organizational farms and 35 families to grow foods using methods that heal the soil.

$117Kprogram expense
02

Community Education/Training

Provided six workshops in the community and at our farm to create awareness and train others on soil microbes and how important they are to healing the soil, growing nutrient rich foods, restoring the natural water cycles and removing excess carbon from the atmosphere. Eight trainees.

$34Kprogram expense
03

Local Collaboration

Collaborate with other local organizations that have the same vision and passion. Continue discussion on working together, sharing our expertise, and learning from each other

$11Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCovenant Pathways
EINHdr · item D47-3515588
Principal addressHdr · item CVanderwagen, NM
WebsiteHdr · item Jwww.covenantpathways.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNM
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P30)
Ruling yearIRS BMFJul 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Program Director
$33,383Pt VII · Sec A
Executive Director
$30,830Pt VII · Sec A
Board Member
$3,594Pt VII · Sec A
Board Member
$1,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A

James Skeet’s $41K as Executive Director is at the 28th percentile of top reported officer pay among 2165 $100K–1M human services 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 · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
James Skeet$41,137$36,767$34,829$30,830$22,857
Joyce Skeet$39,016$34,759$32,828$33,383$21,507
Natana Begay$28,126$21,575$22,237
Harriet Yazzie$3,594$4,190
Carolyn Nicotine$1,000
Vanessa Vandever$300

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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Statement of Revenue

Part VIII
Contributions & grants100%$236K
Program service revenue$250
Total revenueLn 12$236K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.11 Fundraising $0.00
Program services89%$196K
Management & general11%$23K
Fundraising$674
Total functional expensesLn 25$220K

Balance Sheet

Part X · end of year
CashLn 1$165K
Total assetsLn 16$296K
Total liabilitiesLn 26$34K
Total net assetsLn 32$262K
Months of cash on handcomputed9.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $165K · Operating expenses/yr $220K
9.0 months
Where the money goes
Program services
Program services $196K · Total expenses $220K
89%
Management & General
Management & general $23K · Total expenses $220K
11%
Fundraising
Fundraising $674 · Total expenses $220K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $337 · Solicited contributions (2-yr avg) $267K
$0.00 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $236K · Total revenue $236K
100%
Government reliance
Government grants $0 · Total revenue $236K
0%
Earned-income share
Program service revenue $250 · Total revenue $236K
0%
Investment reliance
Investment income $0 · Total revenue $236K
0%
Program self-sufficiency
Program service revenue $250 · Total expenses $220K
0%
Growth & trend
Revenue growth (YoY)
This year $236K · Prior year $298K
-21%
Net-asset trend (YoY)
End of year $262K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $236K · Expenses $220K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $296K
Net-asset ratio
Net assets $262K · Total assets $296K
88%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $296K
0%
People & payroll
Highest Reported Total Compensation
Individual Joyce Skeet · Reported title Program Director · Highest reported compensation $33K · Total expenses $220K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $130K · Total expenses $220K
59%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 11%
Fundraising cost ratio 0%
Revenue growth -21%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 8 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$406K revenue · ⤓ 990 PDF
FY2023$271K revenue · ⤓ 990 PDF
FY2022$263K revenue · ⤓ 990 PDF
FY2021$236K revenue · viewing · ⤓ 990 PDF
FY2020$298K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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