Covenant Initiatives For Care Inc
- Assets
- $4.7m
- Revenue
- $711.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1975
- Data as of
- 12/2023
- EIN
- 27-1841721
Organization Overview
Covenant Initiatives For Care Inc is located in Chicago, IL. The organization was established in 1975. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Covenant Initiatives For Care Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT ORGANIZATIONS SERVING THE SICK, DISABLED, AGING, POOR AND VULNERABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIC PROVIDES OVERARCHING GOVERNANCE, MARKETING AND SOME ADMINISTRATION FOR CIC MINISTRIES AS FOLLOWS:1. COVENANT ABILITY NETWORK "CAN" (FORMERLY COVENANT ENABLING RESIDENCES) PROMOTES A FULFILLING LIFESTYLE FOR DEVELOPMENTALLY DISABLED ADULTS. ENABLING AN ENHANCED QUALITY OF LIFE WHETHER THAT IS LIVING INDEPENDENTLY, BEING GAINFULLY EMPLOYED OR MAKING A MEANINGFUL CONTRIBUTION TO SOCIETY - IS THE HEART OF THEIR MISSION. CAN OPERATES IN 3 STATES: ILLINOIS, MICHIGAN AND MINNESOTA. 2. COVENANT CHILDREN'S MINISTRIES "CCM" ROLE IS A GRANT MAKING AGENCY PRIMARILY TO COVENANT CHURCH RELATED PROGRAMS FOR AT-RISK YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Slechta President/ex-Officio | OfficerTrustee | 0.1 | $0 |
Scott Hanson SVP Of Finance/ex-Officio | OfficerTrustee | 0.1 | $0 |
David Boggs Director Of Operations | 40 | $0 | |
Don Olson Director/chair | OfficerTrustee | 0.1 | $0 |
Kathy Buettner Director/vice Chair | OfficerTrustee | 0.1 | $0 |
Donna Erickson Director/secretary | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $701,750 |
| Investment income | $43,934 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,750 |
| Net Gain/Loss on Asset Sales | -$86,582 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $711,843 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $320,015 |
| Pension plan accruals and contributions | $9,882 |
| Other employee benefits | $23,704 |
| Payroll taxes | $22,938 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,611 |
| Fees for services: Accounting | $3,517 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,437 |
| Fees for services: Other | $10,345 |
| Advertising and promotion | $18,563 |
| Office expenses | $13,653 |
| Information technology | $14,647 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $31,309 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,177 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,792 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $585,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $335,519 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,537,108 |
| Investments—publicly traded securities | $1,751,202 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,389 |
| Total assets | $4,723,218 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $4,723,218 |
| Net assets with donor restrictions | $0 |
| 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 | $4,723,218 |