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Covenant College Foundation Inc

Organization summary

Type of Nonprofit

Designated as a 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.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.93M (2023)

Expenses
$981k (2023)

Total Assets
$20.2M (2023)

Total Liabilities
$49 (2023)

Source: Form 990 tax filings from 2012 to 2023

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 June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,928,825
Expenses
$980,505
Net Income
$948,320
Net Assets
$20,239,622
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,670,691
86.6%
Program Services $0
Investment Income $706,552
36.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$462,999
Net Inventory Sales $0
Other Revenue $14,581
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $20,239,671
Total Liabilities $49
Net Assets $20,239,622
Compensation
Key Employees and Officers Compensation Related Other
Michael Kramer (Treasurer) $0 $0 $0
Richard Bowser (Chairman) $0 $0 $0
Robert Wilkinson (Secretary) $0 $0 $0
Beth Nedelisky (Trustee) $0 $0 $0
Bob Beck (Trustee) $0 $0 $0
Bob Curtis (Trustee) $0 $0 $0
Craig Wood (Trustee) $0 $0 $0
Dr J Derek Halvorson (Trustee) $0 $270,382 $31,535
J Allen Wright (Trustee) $0 $0 $0
James Grauley (Trustee) $0 $0 $0
John Truschel (Trustee) $0 $0 $0
Martin Moore (Trustee) $0 $0 $0
Sam Smartt Jr (Trustee) $0 $0 $0
Sarina Sharp (Trustee) $0 $0 $0
William Burdette (Trustee) $0 $0 $0
Fred Verwoerd (Assistant Treasurer (Part Year)) $0 $122,033 $21,654
Marc Erickson (President/Executive Director) $0 $189,095 $22,071
Mark Huffines (Controller) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,624,692
Expenses
$1,003,553
Net Income
$1,621,139
Net Assets
$18,170,643
Notable Sources of Revenue Percent of Total Revenue
Contributions $805,326
30.7%
Program Services $0
Investment Income $1,940,143
73.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$124,244
Net Inventory Sales $0
Other Revenue $3,467
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $1,225
0.1%
Other Salaries and Wages $0
Assets/Debt
Total Assets $18,187,987
Total Liabilities $17,344
Net Assets $18,170,643
Compensation
Key Employees and Officers Compensation Related Other
Dr J Derek Halvorson (Trustee) $0 $282,529 $23,977
Richard Bowser (Chairman) $0 $0 $0
Michael Kramer (Treasurer) $0 $0 $0
Robert Wilkinson (Secretary) $0 $0 $0
Bob Beck (Trustee) $0 $0 $0
William Burdette (Trustee) $0 $0 $0
James Grauley (Trustee) $0 $0 $0
Martin Moore (Trustee) $0 $0 $0
Sarina Sharp (Trustee) $0 $0 $0
Sam R Smartt Jr (Trustee) $0 $0 $0
Craig Wood (Trustee) $0 $0 $0
J Allen Wright (Trustee) $0 $0 $0
John Truschel (Trustee) $0 $0 $0
Beth Nedelisky (Trustee) $0 $0 $0
Bob Curtis (Trustee) $0 $0 $0
Marc Erickson (President/Executive Direct) $0 $199,906 $19,596
Fred Verwoerd (Assistant Treasurer) $0 $126,840 $20,858

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,608,993
Expenses
$936,238
Net Income
$2,672,755
Net Assets
$20,091,960
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,937,420
81.4%
Program Services $0
Investment Income $492,271
13.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $94,103
2.6%
Net Inventory Sales $0
Other Revenue $85,199
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $20,093,926
Total Liabilities $1,966
Net Assets $20,091,960
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Dr J Derek Halvorson (Trustee) $0 $270,706 $22,838
Richard Bowser (Chairman) $0 $0 $0
Michael Kramer (Treasurer) $0 $0 $0
Robert Wilkinson (Secretary) $0 $0 $0
Bob Beck (Trustee) $0 $0 $0
William Burdette (Trustee) $0 $0 $0
James Grauley (Trustee) $0 $0 $0
Martin Moore (Trustee) $0 $0 $0
Sarina Sharp (Trustee) $0 $0 $0
Sam R Smartt Jr (Trustee) $0 $0 $0
Craig Wood (Trustee) $0 $0 $0
J Allen Wright (Trustee) $0 $0 $0
John Truschel (Trustee) $0 $0 $0
Beth Nedelisky (Trustee) $0 $0 $0
Bob Curtis (Trustee) $0 $0 $0
Marc Erickson (President/Executive Director) $0 $178,723 $17,662
Fred Verwoerd (Assistant Treasurer) $0 $140,000 $21,213

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,059,711
Expenses
$1,040,220
Net Income
$1,019,491
Net Assets
$14,784,755
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,259,012
61.1%
Program Services $0
Investment Income $776,025
37.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$62,325
Net Inventory Sales $0
Other Revenue $86,999
4.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $50
0.0%
Assets/Debt
Total Assets $14,784,960
Total Liabilities $205
Net Assets $14,784,755
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Dr J Derek Halvorson (Trustee) $0 $253,548 $23,274
Fred Verwoerd (Assistant Treasurer) $0 $143,524 $25,530
Marc Erickson (President/Executive Director) $0 $142,821 $24,088
Richard Bowser (Chairman) $0 $0 $0
Gary Haluska (Secretary/Treasurer) $0 $0 $0
Bob Beck (Trustee) $0 $0 $0
William Burdette (Trustee) $0 $0 $0
James Grauley (Trustee) $0 $0 $0
Mark Griggs (Trustee) $0 $0 $0
David Lucas (Trustee) $0 $0 $0
Martin Moore (Trustee) $0 $0 $0
Sarina Sharp (Trustee) $0 $0 $0
Sam R Smartt Jr (Trustee) $0 $0 $0
Bruce Williams (Trustee) $0 $0 $0
Craig Wood (Trustee) $0 $0 $0
J Allen Wright (Trustee) $0 $0 $0
Michael Kramer (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,880,806
Expenses
$686,108
Net Income
$2,194,698
Net Assets
$14,215,925
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,328,996
80.8%
Program Services $0
Investment Income $301,505
10.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $213,398
7.4%
Net Inventory Sales $0
Other Revenue $36,907
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $14,216,211
Total Liabilities $286
Net Assets $14,215,925
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Richard Bowser (Chairman) $0 $0 $0
Gary Haluska (Secretary/Treasurer) $0 $0 $0
Frank Brock (Trustee/Assist Treasurer) $0 $0 $0
Bob Beck (Trustee) $0 $0 $0
William Burdette (Trustee) $0 $0 $0
James Grauley (Trustee) $0 $0 $0
Mark Griggs (Trustee) $0 $0 $0
Dr J Derek Halvorson (Trustee) $0 $256,666 $33,187
David Lucas (Trustee) $0 $0 $0
Martin Moore (Trustee) $0 $0 $0
Sarina Sharp (Trustee) $0 $0 $0
Sam R Smartt Jr (Trustee) $0 $0 $0
Bruce Williams (Trustee) $0 $0 $0
Craig Wood (Trustee) $0 $0 $0
J Allen Wright (Trustee) $0 $0 $0
Marc Erickson (President/Executive Director) $0 $138,853 $72,869
Fred Verwoerd (Assistant Treasurer) $0 $68,287 $5,861

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,947,843
Expenses
$568,029
Net Income
$1,379,814
Net Assets
$12,020,258
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,404,578
72.1%
Program Services $0
Investment Income $269,746
13.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $237,657
12.2%
Net Inventory Sales $0
Other Revenue $35,862
1.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $12,023,624
Total Liabilities $3,366
Net Assets $12,020,258
Compensation
Key Employees and Officers Compensation Related Other
Craig Wood (Chairman) $0 $0 $0
Gary Haluska (Secretary/Treasurer) $0 $0 $0
Frank Brock (Trustee/Assist Treasurer) $0 $0 $0
Bob Beck (Trustee) $0 $0 $0
Richard Bowser (Trustee) $0 $0 $0
William Burdette (Trustee) $0 $0 $0
Mark Griggs (Trustee) $0 $0 $0
James Grauley (Trustee) $0 $0 $0
Dr J Derek Halvorson (Trustee) $0 $260,707 $22,671
David Lucas (Trustee) $0 $0 $0
Martin Moore (Trustee) $0 $0 $0
Sarina Sharp (Trustee) $0 $0 $0
Sam R Smartt Jr (Trustee) $0 $0 $0
Bruce Williams (Trustee) $0 $0 $0
J Allen Wright (Trustee) $0 $0 $0
Daniel Wykoff (Assistant Treasurer (Part Year)) $0 $121,207 $17,375
Marc Erickson (President/Executive Director) $0 $138,113 $58,543

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$608,900
Expenses
$614,159
Net Income
-$5,259
Net Assets
$10,504,484
Notable Sources of Revenue Percent of Total Revenue
Contributions $369,103
60.6%
Program Services $0
Investment Income $208,923
34.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $30,874
5.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,508,675
Total Liabilities $4,191
Net Assets $10,504,484
Compensation
Key Employees and Officers Compensation Related Other
Craig Wood (Chairman) $0 $0 $0
Gary Haluska (Secretary/Treasurer) $0 $0 $0
Frank Brock (Trustee/Assist Treasurer) $0 $0 $0
Bob Beck (Trustee) $0 $0 $0
Richard Bowser (Trustee) $0 $0 $0
William Burdette (Trustee) $0 $0 $0
Mark Griggs (Trustee) $0 $0 $0
Dr J Derek Halvorson (Trustee) $0 $256,585 $22,028
David Lucas (Trustee) $0 $0 $0
Martin Moore (Trustee) $0 $0 $0
Sam R Smartt Jr (Trustee) $0 $0 $0
Bruce Williams (Trustee) $0 $0 $0
J Allen Wright (Trustee) $0 $0 $0
Marc Erickson (President/Executive Direct) $0 $130,749 $55,715
Daniel Wykoff (Assistant Treasurer) $0 $118,295 $16,543

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$592,819
Expenses
$507,977
Net Income
$84,842
Net Assets
$9,641,675
Notable Sources of Revenue Percent of Total Revenue
Contributions $355,989
60.1%
Program Services $0
Investment Income $171,238
28.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $65,592
11.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,653,042
Total Liabilities $11,367
Net Assets $9,641,675
Compensation
Key Employees and Officers Compensation Related Other
Craig Wood (Chairman) $0 $0 $0
Gary Haluska (Secretary/Treasurer) $0 $0 $0
Frank Brock (Trustee/Assistant Treasurer) $0 $0 $0
Bob Beck (Trustee) $0 $0 $0
William Burdette (Trustee) $0 $0 $0
Mark Griggs (Trustee) $0 $0 $0
Dr J Derek Halvorson (Trustee) $0 $255,004 $29,310
Jim Jolly (Trustee) $0 $0 $0
David Lucas (Trustee) $0 $0 $0
Martin Moore (Trustee) $0 $0 $0
Sam R Smartt Jr (Trustee) $0 $0 $0
Bruce Williams (Trustee) $0 $0 $0
J Allen Wright (Trustee) $0 $0 $0
Marc Erickson (President/Executive Direct) $0 $128,805 $66,062
Daniel Wykoff (Assistant Treasurer) $0 $120,989 $25,240

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,004,263
Expenses
$492,247
Net Income
$512,016
Net Assets
$10,205,517
Notable Sources of Revenue Percent of Total Revenue
Contributions $477,928
47.6%
Program Services $0
Investment Income $227,236
22.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $254,396
25.3%
Net Inventory Sales $0
Other Revenue $44,703
4.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,210,447
Total Liabilities $4,930
Net Assets $10,205,517
Compensation
Key Employees and Officers Compensation Related Other
Craig Wood (Chairman) $0 $0 $0
Gary Haluska (Secretary/Treasurer) $0 $0 $0
Joel Belz (Trustee) $0 $0 $0
Frank Brock (Trustee) $0 $0 $0
Bill Burdette (Trustee) $0 $0 $0
Mark Griggs (Trustee) $0 $0 $0
Dr J Derek Halvorson (Trustee) $0 $253,587 $29,323
Jim Jolly (Trustee) $0 $0 $0
David Lucas (Trustee) $0 $0 $0
Marty Moore (Trustee) $0 $0 $0
Sam R Smartt Jr (Trustee) $0 $0 $0
Bruce Williams (Trustee) $0 $0 $0
J Allen Wright (Trustee) $0 $0 $0
Marc Erickson (President/Executive Director) $0 $121,776 $56,865

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$849,098
Expenses
$507,412
Net Income
$341,686
Net Assets
$10,236,135
Notable Sources of Revenue Percent of Total Revenue
Contributions $490,326
57.7%
Program Services $0
Investment Income $358,772
42.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,236,383
Total Liabilities $248
Net Assets $10,236,135
Compensation
Key Employees and Officers Compensation Related Other
Derek Halvorson (Trustee) $256,659 $0 $28,260
Joel Belz (Chairman) $0 $0 $0
Marc Erickson (President) $0 $121,252 $39,198
Craig Wood (Secretary/Treasurer) $0 $0 $0
Frank A Brock (Trustee) $0 $0 $0
William Burdette (Trustee) $0 $0 $0
Mark Griggs (Trustee) $0 $0 $0
Gary Haluska (Trustee) $0 $0 $0
James Jolly (Trustee) $0 $0 $0
David Lucas (Trustee) $0 $0 $0
Marty Moore (Trustee) $0 $0 $0
Sam R Smartt Jr (Trustee) $0 $0 $0
Bruce Williams (Trustee) $0 $0 $0
J Allen Wright (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$808,288
Expenses
$603,531
Net Income
$204,757
Net Assets
$8,785,565
Notable Sources of Revenue Percent of Total Revenue
Contributions $422,376
52.3%
Program Services $0
Investment Income $307,926
38.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $77,986
9.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $8,829,795
Total Liabilities $44,230
Net Assets $8,785,565

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$601,412
Expenses
$717,618
Net Income
-$116,206
Net Assets
$7,839,579
Notable Sources of Revenue Percent of Total Revenue
Contributions $442,647
73.6%
Program Services $0
Investment Income $238,985
39.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $736
0.1%
Net Fundraising $0
Sales of Assets -$80,956
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,840,470
Total Liabilities $891
Net Assets $7,839,579

Document Links

Fiscal Year Ending June
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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