New Covenant Foundation Inc

Wilmington, DE
Tax-exempt since Jan. 2006
EIN: 20-1986617

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$198k (2024)

Expenses

$398k (2024)

Total Assets

$1.13M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$198,024

Expenses

$398,437

Net Income

-$200,413

Net Assets

$1,128,115

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,110	1.6%
Dividends	$18,159	9.2%
Sales of Assets	$176,709	89.2%
Other Income	$46	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$394,600	99.0%
Compensation of Officers*	$60,000	15.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,128,115
Total Liabilities	$0
Net Assets	$1,128,115

Compensation

Key Employees and Officers	Compensation	Other
Patricia M Morell (Treas, Dir)	$48,000	$0
Allen N Morell (Pres, Dir)	$12,000	$0
Roy K Morell (Vp)	$0	$0

990-PF

Filed on June 5, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$150,621

Expenses

$190,999

Net Income

-$40,378

Net Assets

$1,328,528

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,877	3.2%
Dividends	$30,749	20.4%
Sales of Assets	$114,493	76.0%
Other Income	$502	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$171,894	90.0%
Compensation of Officers*	$60,000	31.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,328,528
Total Liabilities	$0
Net Assets	$1,328,528

Compensation

Key Employees and Officers	Compensation	Other
Patricia M Morell (Treas, Dir)	$48,000	$0
Allen N Morell (Pres, Dir)	$12,000	$0
Roy K Morell (Vp)	$0	$0

990-PF

Filed on May 2, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$98,557

Expenses

$240,367

Net Income

-$141,810

Net Assets

$1,368,906

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000	1.0%
Interest Revenue	$737	0.7%
Dividends	$33,769	34.3%
Sales of Assets	$63,051	64.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$218,743	91.0%
Compensation of Officers*	$60,000	25.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,368,906
Total Liabilities	$0
Net Assets	$1,368,906

Compensation

Key Employees and Officers	Compensation	Other
Patricia M Morell (Treas, Dir)	$48,000	$0
Allen N Morell (Pres, Dir)	$12,000	$0
Roy K Morell (Vp)	$0	$0

990-PF

Filed on Nov. 10, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$206,322

Expenses

$196,666

Net Income

$9,656

Net Assets

$1,510,716

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$500	0.2%
Interest Revenue	$275	0.1%
Dividends	$35,958	17.4%
Sales of Assets	$169,589	82.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$173,450	88.2%
Compensation of Officers*	$60,000	30.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,510,716
Total Liabilities	$0
Net Assets	$1,510,716

Compensation

Key Employees and Officers	Compensation	Other
Patricia M Morell (Treas, Dir)	$48,000	$0
Allen N Morell (Pres, Dir)	$12,000	$0
Roy K Morell (Vp)	$0	$0

990-PF

Filed on Nov. 12, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

-$6,568

Expenses

$226,121

Net Income

-$232,689

Net Assets

$1,501,059

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,781
Dividends	$34,493
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$208,483	92.2%
Compensation of Officers*	$60,000	26.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,501,060
Total Liabilities	$1
Net Assets	$1,501,059

Compensation

Key Employees and Officers	Compensation	Other
Patricia M Morell (Treas, Dir)	$48,000	$0
Allen N Morell (Pres, Dir)	$12,000	$0
Roy K Morell (Vp)	$0	$0

990-PF

Filed on Nov. 16, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$134,322

Expenses

$270,568

Net Income

-$136,246

Net Assets

$1,733,749

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,256	3.9%
Dividends	$34,201	25.5%
Sales of Assets	$94,865	70.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$248,267	91.8%
Compensation of Officers*	$60,000	22.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,733,749
Total Liabilities	$0
Net Assets	$1,733,749

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Revenue

$389,346

Expenses

$298,608

Net Income

$90,738

Net Assets

$1,869,995

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,004	0.3%
Dividends	$35,330	9.1%
Sales of Assets	$352,943	90.7%
Other Income	$69	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$269,842	90.4%
Compensation of Officers*	$60,000	20.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,869,995
Total Liabilities	$0
Net Assets	$1,869,995

Compensation

Key Employees and Officers	Compensation	Other
Patricia M Morell (Treas, Dir)	$48,000	$0
Allen N Morell (Pres, Dir)	$12,000	$0
Roy K Morell (Vp)	$0	$0

990-PF

Filed on Sept. 12, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$87,191

Expenses

$440,025

Net Income

-$352,834

Net Assets

$1,779,257

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,245	1.4%
Dividends	$33,691	38.6%
Sales of Assets	$52,255	59.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$412,201	93.7%
Compensation of Officers*	$60,000	13.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,779,257
Total Liabilities	$0
Net Assets	$1,779,257

Compensation

Key Employees and Officers	Compensation	Other
Patricia M Morell (Treas, Dir)	$48,000	$0
Allen N Morell (Pres, Dir)	$12,000	$0
Roy K Morell (Vp)	$0	$0

990-PF

Filed on July 31, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$92,005

Expenses

$326,834

Net Income

-$234,829

Net Assets

$2,132,091

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$289	0.3%
Dividends	$46,585	50.6%
Sales of Assets	$45,131	49.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$296,849	90.8%
Compensation of Officers*	$42,000	12.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,132,900
Total Liabilities	$809
Net Assets	$2,132,091

Compensation

Key Employees and Officers	Compensation	Other
Patricia M Morell (Dir / Treas)	$25,500	$0
Allen N Morell (Pres / Dir)	$16,500	$0
Roy K Morell (Vp)	$0	$0

990-PF

Filed on Nov. 14, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$221,877

Expenses

$389,845

Net Income

-$167,968

Net Assets

$2,366,920

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$459	0.2%
Dividends	$42,432	19.1%
Sales of Assets	$178,486	80.4%
Other Income	$500	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$351,345	90.1%
Compensation of Officers*	$36,000	9.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,366,920
Total Liabilities	$0
Net Assets	$2,366,920

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$197,873

Expenses

$212,093

Net Income

-$14,220

Net Assets

$2,534,888

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$549	0.3%
Dividends	$47,894	24.2%
Sales of Assets	$146,203	73.9%
Other Income	$3,227	1.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$172,526	81.3%
Compensation of Officers*	$36,000	17.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,534,888
Total Liabilities	$0
Net Assets	$2,534,888

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2013

Revenue

$221,771

Expenses

$294,159

Net Income

-$72,388

Net Assets

$2,549,108

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$672	0.3%
Dividends	$59,321	26.7%
Sales of Assets	$161,043	72.6%
Other Income	$735	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$264,111	89.8%
Compensation of Officers*	$32,000	10.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,549,108
Total Liabilities	$0
Net Assets	$2,549,108

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2012

Revenue

$150,772

Expenses

$419,248

Net Income

-$268,476

Net Assets

$2,621,496

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,864	1.2%
Dividends	$25,956	17.2%
Sales of Assets	$122,952	81.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$390,442	93.1%
Compensation of Officers*	$64,000	15.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,621,496
Total Liabilities	$0
Net Assets	$2,621,496

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$192,790

Expenses

$360,758

Net Income

-$167,968

Net Assets

$2,889,972

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,127	1.1%
Dividends	$26,988	14.0%
Sales of Assets	$163,675	84.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$325,610	90.3%
Compensation of Officers*	$20,000	5.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,889,972
Total Liabilities	$0
Net Assets	$2,889,972

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

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New Covenant Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $198k (2024)

Expenses $398k (2024)

Total Assets $1.13M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2012

Revenue

$198k (2024)

Expenses

$398k (2024)

Total Assets

$1.13M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004