Covenant House Alaska
- Assets
- $23.5m
- Revenue
- $11.9m
- Investments
- $160.3k
- Employees
- 151
- Location
- Anchorage, AK
- Founding
- 12/1987
- Data as of
- 06/2021
- EIN
- 13-3419755
Organization Overview
Covenant House Alaska is located in Anchorage, AK. The organization was established in 1987. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 06/2021, Covenant House Alaska employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covenant House Alaska is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Covenant House Alaska generated $11.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $10.7m during the year ending 06/2021. While expenses have increased by 6.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COVENANT HOUSE ALASKA IS PART OF COVENANT HOUSE, INC. THE LARGEST PRIVATELY FUNDED AGENCY IN THE AMERICAS PROVIDING SHELTER AND OTHER SERVICES TO HOMELESS, RUNAWAY, AND AT-RISK YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH ENGAGEMENT CENTER (SHELTER):YOUTH ENGAGEMENT CENTER PROVIDES A 60-BED SHELTER FOR YOUTH AGES 13-21, OPEN 24 HOURS A DAY, 7 DAYS A WEEK TO HANDLE YOUTH/FAMILY PROBLEMS. SHELTER SERVICES PROVIDES A SAFE PLACE FOR THE BASIC NEEDS TO BE MET AND THE TOOLS FOR YOUTH TO WORK TOWARD INDEPENDENCE AND PREVENT HOMELESSNESS IN THE FUTURE. INFORMATION AND REFERRALS ARE AVAILABLE FOR ANY INDIVIDUAL CALLING INTO THE CENTER FOR HELP WITH YOUTH, FAMILIES, AND HOMELESSNESS
TRANSITIONAL LIVING - RIGHTS OF PASSAGE:RIGHTS OF PASSAGE IS A 25 BED COED RESIDENTIAL PROGRAM THAT PROVIDES SUPPORTIVE HOUSING FOR YOUTH AGES 18 TO 24 SEEKING INDEPENDENT LIVING. YOUTH LEARN BUDGETING, EMPLOYMENT SKILLS, NUTRITION, DECISION MAKING, AND OTHER INDEPENDENT LIVING SKILLS. RIGHTS OF PASSAGE SERVES MALES AND FEMALES FOR UP TO 18 MONTHS IN RESIDENCE AND 12 MONTHS OF AFTERCARE.
YOUTH HOMELESSNESS DEMONSTRATION PROJECT:IN THIS PROJECT, A PERMANENCY NAVIGATOR IS ASSIGNED TO ASSIST YOUTH AS THEY MOVE THROUGH HOUSING, PROGRAMS AND SYSTEMS WITH THE CONSISTENCY THEY NEED FROM A SUPPORTIVE ADULT. BECAUSE THEY ARE EMPLOYED BY THE AGENCY CONTRACTED FOR THIS PROJECT, NOT BY ANY STATE DIVISION OR SINGLE ORGANIZATION, THEY ARE ABLE TO WALK ALONGSIDE A YOUNG PERSON THROUGHOUT IT ALL. THEY CAN HELP THE YOUTH ACCESS BEHAVIORAL HEALTH, SUBSTANCE ABUSE OR DISABILITY SERVICES, FIND THE RIGHT PLACE TO LIVE, PARTICIPATE IN MEETINGS WITH THE OFFICE OF CHILDREN'S SERVICES, DEVELOP A PERMANENCY PLAN, OR PROVIDE AFTERCARE TO ENCOURAGE SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alison Kear Executive Director/secretary | Officer | 40 | $204,326 |
Carlette Mack Chief Operating Officer Thru Oct 2020 | 40 | $133,349 | |
Joseph Hemphill Chief Development Officer | 40 | $111,991 | |
Laura Melbostad CFO As Of July 2020 | Officer | 40 | $48,987 |
Amy Miller Chair | OfficerTrustee | 0.8 | $0 |
Carol Gore Vice Chair | OfficerTrustee | 0.8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $128,608 |
| Membership dues | $0 |
| Fundraising events | $170,950 |
| Related organizations | $840,096 |
| Government grants | $4,931,794 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,441,885 |
| Noncash contributions included in lines 1a–1f | $326,079 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,513,333 |
| Total Program Service Revenue | $297,338 |
| Investment income | $44,685 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,943 |
| Net Income from Gaming Activities | $75,421 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,947,734 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $874,615 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $375,887 |
| Compensation of current officers, directors, key employees. | $202,601 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,122,158 |
| Pension plan accruals and contributions | $93,089 |
| Other employee benefits | $1,128,596 |
| Payroll taxes | $451,552 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,430 |
| Fees for services: Accounting | $51,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $42,419 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $541,819 |
| Advertising and promotion | $3,134 |
| Office expenses | $492,236 |
| Information technology | $9,000 |
| Royalties | $0 |
| Occupancy | $687,841 |
| Travel | $20,331 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,495 |
| Interest | $10,364 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $622,963 |
| Insurance | $1,596 |
| All other expenses | $2,601 |
| Total functional expenses | $10,666,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313,608 |
| Savings and temporary cash investments | $846,251 |
| Pledges and grants receivable | $1,768,773 |
| Accounts receivable, net | $2,734 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,682 |
| Prepaid expenses and deferred charges | $29,592 |
| Net Land, buildings, and equipment | $18,346,305 |
| Investments—publicly traded securities | $2,060,862 |
| Investments—other securities | $160,271 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,544,078 |
| Accounts payable and accrued expenses | $1,150,827 |
| Grants payable | $0 |
| Deferred revenue | $923,441 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $663,726 |
| Total liabilities | $2,737,994 |
| Net assets without donor restrictions | $19,061,445 |
| Net assets with donor restrictions | $1,744,639 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,544,078 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Covenant House Alaska has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Wilson Family Foundation High Point, NC PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
Endowment Analysis
| Beg. Balance | $1,751,729 |
| Earnings | $469,404 |
| Ending Balance | $2,221,133 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youthcare Seattle, WA | $27,326,626 | $19,496,133 |
Community Youth Services Olympia, WA | $10,345,989 | $14,281,765 |
Enterprise For Progress In The Community Yakima, WA | $3,604,189 | $12,673,117 |
Covenant House Alaska Anchorage, AK | $23,544,078 | $11,947,734 |
Ryther Seattle, WA | $21,851,804 | $11,079,938 |
Imagine Institute Tukwila, WA | $3,962,432 | $6,912,987 |
Childrens Home Society And Trust Foundation Seattle, WA | $22,292,785 | $5,268,781 |
Northwest Youth Service Bellingham, WA | $3,777,382 | $4,718,632 |
Northwest Resource Associates Seattle, WA | $1,254,768 | $4,071,854 |
Brigid Collins House Bellingham, WA | $4,990,529 | $3,822,799 |
Youthnet Mount Vernon, WA | $2,655,927 | $3,478,347 |
Tahoma Associates Tacoma, WA | $3,377,788 | $3,026,578 |