Covenant Foundation Inc

Atlanta, GA
Tax-exempt since Nov. 1961
EIN: 58-6035088

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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.

Donations to this organization are tax deductible.

Revenue

$7.29M (2024)

Expenses

$3.55M (2024)

Total Assets

$16.7M (2024)

Total Liabilities

$3 (2024)

Source: Form 990 tax filings from 2012 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 July
2024

Revenue

$7,290,589

Expenses

$3,551,924

Net Income

$3,738,665

Net Assets

$16,713,613

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$785,884	10.8%
Interest Revenue	$103,017	1.4%
Dividends	$276,892	3.8%
Sales of Assets	$6,092,083	83.6%
Other Income	$32,713	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,235,159	91.1%
Compensation of Officers*	$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	$16,713,616
Total Liabilities	$3
Net Assets	$16,713,613

Compensation

Key Employees and Officers	Compensation	Other
Jay M Davis (President)	$0	$0
Ann Davis (Vice President)	$0	$0

990-PF

Filed on Dec. 10, 2024

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

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Fiscal Year Ending July
2023

Revenue

$2,687,048

Expenses

$3,136,519

Net Income

-$449,471

Net Assets

$12,974,948

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,699,339	63.2%
Interest Revenue	$62,789	2.3%
Dividends	$216,151	8.0%
Sales of Assets	$634,424	23.6%
Other Income	$74,345	2.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,910,961	92.8%
Compensation of Officers*	$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	$12,974,950
Total Liabilities	$2
Net Assets	$12,974,948

Compensation

Key Employees and Officers	Compensation	Other
Jay M Davis (President)	$0	$0
Ann Davis (Vice President)	$0	$0

990-PF

Filed on Dec. 1, 2023

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

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Fiscal Year Ending July
2022

Revenue

$888,780

Expenses

$2,903,456

Net Income

-$2,014,676

Net Assets

$13,424,419

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$175,145	19.7%
Sales of Assets	$685,057	77.1%
Other Income	$28,578	3.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,842,587	97.9%
Compensation of Officers*	$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	$13,424,419
Total Liabilities	$0
Net Assets	$13,424,419

Compensation

Key Employees and Officers	Compensation	Other
Jay M Davis (President)	$0	$0
Ann Davis (Vice President)	$0	$0

990-PF

Filed on Nov. 14, 2022

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

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Fiscal Year Ending July
2021

Revenue

$4,599,258

Expenses

$2,626,993

Net Income

$1,972,265

Net Assets

$15,439,094

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,045,030	44.5%
Interest Revenue	$0
Dividends	$94,321	2.1%
Sales of Assets	$2,389,253	51.9%
Other Income	$70,654	1.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,493,303	94.9%
Compensation of Officers*	$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	$15,439,095
Total Liabilities	$1
Net Assets	$15,439,094

Compensation

Key Employees and Officers	Compensation	Other
Jay M Davis (President)	$0	$0
Ann Davis (Vice President)	$0	$0

990-PF

Filed on Dec. 10, 2021

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

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XML

Fiscal Year Ending July
2020

Revenue

$5,155,871

Expenses

$1,970,771

Net Income

$3,185,100

Net Assets

$13,466,829

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,044,213	20.3%
Interest Revenue	$0
Dividends	$163,571	3.2%
Sales of Assets	$3,935,181	76.3%
Other Income	$12,906	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,880,090	95.4%
Compensation of Officers*	$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	$13,466,830
Total Liabilities	$1
Net Assets	$13,466,829

Compensation

Key Employees and Officers	Compensation	Other
Jay M Davis (President)	$0	$0
Ann Davis (Vice President)	$0	$0

990-PF

Filed on Dec. 8, 2020

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

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Fiscal Year Ending July
2019

Revenue

$4,171,322

Expenses

$2,021,513

Net Income

$2,149,809

Net Assets

$10,281,729

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$784,556	18.8%
Interest Revenue	$0
Dividends	$241,723	5.8%
Sales of Assets	$3,140,652	75.3%
Other Income	$4,391	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,901,400	94.1%
Compensation of Officers*	$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	$10,281,730
Total Liabilities	$1
Net Assets	$10,281,729

Compensation

Key Employees and Officers	Compensation	Other
Jay M Davis (President)	$0	$0
Ann Davis (Vice President)	$0	$0

990-PF

Filed on July 15, 2020

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

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XML

Fiscal Year Ending July
2018

Revenue

$1,118,132

Expenses

$1,874,971

Net Income

-$756,839

Net Assets

$8,131,921

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$793,073	70.9%
Interest Revenue	$0
Dividends	$200,506	17.9%
Sales of Assets	$113,476	10.1%
Other Income	$11,077	1.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,753,808	93.5%
Compensation of Officers*	$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	$8,131,921
Total Liabilities	$0
Net Assets	$8,131,921

Compensation

Key Employees and Officers	Compensation	Other
Jay M Davis (President)	$0	$0
Ann Davis (Vice President)	$0	$0

990-PF

Filed on March 15, 2019

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

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Fiscal Year Ending July
2017

Revenue

$5,501,230

Expenses

$1,891,543

Net Income

$3,609,687

Net Assets

$8,888,760

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,286,967	23.4%
Interest Revenue	$0
Dividends	$115,623	2.1%
Sales of Assets	$4,098,640	74.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,838,738	97.2%
Compensation of Officers*	$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	$8,888,760
Total Liabilities	$0
Net Assets	$8,888,760

Compensation

Key Employees and Officers	Compensation	Other
Jay M Davis (President)	$0	$0
Ann Davis (Vice President)	$0	$0

990-PF

Filed on Dec. 13, 2017

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

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Fiscal Year Ending July
2016

Revenue

$1,594,709

Expenses

$1,829,382

Net Income

-$234,673

Net Assets

$5,279,073

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$816,298	51.2%
Interest Revenue	$0
Dividends	$155,334	9.7%
Sales of Assets	$623,077	39.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,790,813	97.9%
Compensation of Officers*	$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	$5,279,074
Total Liabilities	$1
Net Assets	$5,279,073

Compensation

Key Employees and Officers	Compensation	Other
Jay M Davis (President)	$0	$0
Ann Davis (Vice President)	$0	$0

990-PF

Filed on Dec. 2, 2016

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

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Fiscal Year Ending July
2015

Revenue

$808,817

Expenses

$1,562,948

Net Income

-$754,131

Net Assets

$5,513,746

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$427,052	52.8%
Interest Revenue	$0
Dividends	$78,388	9.7%
Sales of Assets	$303,377	37.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,534,351	98.2%
Compensation of Officers*	$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	$5,513,747
Total Liabilities	$1
Net Assets	$5,513,746

Compensation

Key Employees and Officers	Compensation	Other
Jay M Davis (President)	$0	$0
Ann Davis (Vice President)	$0	$0

990-PF

Filed on Dec. 8, 2015

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

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Fiscal Year Ending July
2014

Revenue

$1,470,631

Expenses

$1,487,704

Net Income

-$17,073

Net Assets

$6,267,877

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$544,963	37.1%
Interest Revenue	$0
Dividends	$178,672	12.1%
Sales of Assets	$746,996	50.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,454,150	97.7%
Compensation of Officers*	$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	$6,267,878
Total Liabilities	$1
Net Assets	$6,267,877

Compensation

Key Employees and Officers	Compensation	Other
Jay M Davis (President)	$0	$0
Ann Davis (Vice President)	$0	$0

990-PF

Filed on Dec. 2, 2014

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

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Fiscal Year Ending July
2013

Revenue

$2,186,260

Expenses

$1,282,969

Net Income

$903,291

Net Assets

$6,284,949

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$499,982	22.9%
Interest Revenue	$0
Dividends	$110,333	5.0%
Sales of Assets	$1,575,945	72.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,261,545	98.3%
Compensation of Officers*	$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	$6,284,950
Total Liabilities	$1
Net Assets	$6,284,949

990-PF

Filed on Jan. 8, 2014

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

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Fiscal Year Ending July
2012

Revenue

$1,099,648

Expenses

$1,482,009

Net Income

-$382,361

Net Assets

$5,381,658

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$452,332	41.1%
Interest Revenue	$0
Dividends	$104,558	9.5%
Sales of Assets	$542,758	49.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,459,082	98.5%
Compensation of Officers*	$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	$5,381,659
Total Liabilities	$1
Net Assets	$5,381,658

990-PF

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

PDF

Fiscal Year Ending July
2011

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

990-PF

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

PDF

Fiscal Year Ending July
2010

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

990-PF

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

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

PDF

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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.

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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

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Covenant Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $7.29M (2024)

Expenses $3.55M (2024)

Total Assets $16.7M (2024)

Total Liabilities $3 (2024)

Tax Filings by Year

Fiscal Year Ending July 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$7.29M (2024)

Expenses

$3.55M (2024)

Total Assets

$16.7M (2024)

Total Liabilities

$3 (2024)

Fiscal Year Ending July
2024

Fiscal Year Ending July
2023

Fiscal Year Ending July
2022

Fiscal Year Ending July
2021

Fiscal Year Ending July
2020

Fiscal Year Ending July
2019

Fiscal Year Ending July
2018

Fiscal Year Ending July
2017

Fiscal Year Ending July
2016

Fiscal Year Ending July
2015

Fiscal Year Ending July
2014

Fiscal Year Ending July
2013

Fiscal Year Ending July
2012

Fiscal Year Ending July
2011

Fiscal Year Ending July
2010

Fiscal Year Ending July
2009

Fiscal Year Ending July
2008

Fiscal Year Ending July
2007

Fiscal Year Ending July
2006

Fiscal Year Ending July
2005

Fiscal Year Ending July
2004

Fiscal Year Ending July
2003

Fiscal Year Ending July
2002