Covenant Pathways EIN 47-3515588

Covenant Pathways FY2023 filing

EIN  47-3515588 Public charity (501(c)(3)) Vanderwagen, NM
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Covenant Pathways claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Heals desert soil and builds resilient communities through traditional and modern organic farming practices.
Leadership
James Skeet · Executive Director · $37K
Money in and out
$271K revenue, $258K expenses
Bottom line
91% program efficiency

Heals desert soil and builds resilient communities through traditional and modern organic farming practices. For fiscal year 2023 it reported $271K in revenue, $258K in expenses, and $268K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$271K
Pt VIII · Ln 12
Total expenses
$258K
Pt IX · Ln 25
Net assets
$268K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $13K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.09
Program efficiency
91%
of spending reaches programs
Operating runway
6.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$271K
FY2023▲ +3%
Expenses
$258K
FY2023▼ -5%
Total assets
$282K
FY2023▲ +3%
Total liabilities
$15K
FY2023▼ -26%
Total revenue
$271K
Pt VIII · Ln 12
Total expenses
$258K
Pt IX · Ln 25
Net assets
$268K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$13K
Total assetsPt X · Ln 16$282K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

3 program services account for $214K of program spending, described in the organization's own filed words · FY2023.
01

Spirit Farm

Develop and maintain a demonstration and experiential farm that uses only natural practices including microbiological composting, to heal the high desert southwestern soil and be a living example of how we can recover and reclaim traditional farming and spiritual practices, along with modern practices, to restore natures cycles to heal…

$136Kprogram expense
02

Community Education/Training

Provided bi-monthly 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, Indigenous regenerative agriculture, microbiological…

$51Kprogram expense
03

Bio Char Implementation

a program under Spirit Farm to make Biochar to be added to the compost. Biochar has potential to increase the biomass of plants, healing the soil through a natural process. This year the organization is preparing to receive the biochar machine that has the capability to not only make the biochar, but use the heat to warm water that is…

$27Kprogram expense

Run this program? Claim this org to tell your story

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 1a4
Independent voting membersPt VI · Ln 1b4
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
Executive Director
$36,767Pt VII · Sec A
Program Director
$34,759Pt VII · Sec A
Business Manager
$21,575Pt VII · Sec A
Board Member
$300Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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.

See Covenant Pathways executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants100%$270K
Program service revenue$1K
— government grantsLn 1e$27K
Total revenueLn 12$271K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.09
Program services91%$236K
Management & general9%$22K
Total functional expensesLn 25$258K

Balance Sheet

Part X · end of year
CashLn 1$147K
Total assetsLn 16$282K
Total liabilitiesLn 26$15K
Total net assetsLn 32$268K
Months of cash on handcomputed6.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $147K · Operating expenses/yr $258K
6.8 months
Where the money goes
Program services
Program services $236K · Total expenses $258K
91%
Management & General
Management & general $22K · Total expenses $258K
9%
Fundraising
Fundraising $0 · Total expenses $258K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $658 · Solicited contributions (3-yr avg) $230K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $270K · Total revenue $271K
100%
Government reliance
Government grants $27K · Total revenue $271K
10%
Earned-income share
Program service revenue $1K · Total revenue $271K
0%
Investment reliance
Investment income $0 · Total revenue $271K
0%
Program self-sufficiency
Program service revenue $1K · Total expenses $258K
0%
Growth & trend
Revenue growth (YoY)
This year $271K · Prior year $263K
+3%
Net-asset trend (YoY)
End of year $268K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $271K · Expenses $258K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $282K
Net-asset ratio
Net assets $268K · Total assets $282K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $282K
0%
People & payroll
Highest Reported Total Compensation
Individual James Skeet · Reported title Executive Director · Highest reported compensation $37K · Total expenses $258K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $147K · Total expenses $258K
57%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 9%
Fundraising cost ratio 0%
Revenue growth 3%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
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 →

Similar Organizations

Closest in mission — by what they do
See all organizations like Covenant Pathways →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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 · viewing · ⤓ 990 PDF
FY2022$263K revenue · ⤓ 990 PDF
FY2021$236K revenue · ⤓ 990 PDF
FY2020$298K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.