Covantage Cares Foundation Inc
CoVantage Cares Foundation Inc is a public charity based in Antigo, Wisconsin. It provides grants to nonprofit organizations that assist individuals, particularly people experiencing significant financial challenges, and to organizations working to improve quality of life in communities served by CoVantage Credit Union.
Covantage Cares Foundation Inc at a glance
In short: Covantage Cares Foundation Inc gave $573K across 13 grants in 2024 (avg $44K), mostly in Wisconsin. 85% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $572,968
- +27.5% vs 2023
- Grants made (2024)
- 13
- -13.3% vs 2023
- Average grant
- $44,074
- +47.1% vs 2023
- Median grant
- $44,622
- Total assets
- $57,091
- -54.8% vs 2023
- New grantees (estimate)
- 85% first-time grantees (11 of 13, 2024; small sample)
- Primary geography
- Wisconsin (75% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Covantage Cares Foundation Inc
- How to Apply
-
The foundation provides a grant application for organizations to submit for quarterly board review. The application asks applicants to provide supporting project information and documentation.
- Review Cycle
- Applications are due by 5 p.m. on the first working day of March, June, September, or December. Reviews take place in January, April, July, and October, with feedback provided within five working days of the quarterly review.
- Deadline
- Applications are due by 5 p.m.
- Contact
Mailing address: 723 6Th Ave PO Box 107, Antigo, WI 54409
Phone: (715) 627-4336
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
1 open opportunity from Covantage Cares Foundation Inc
Who Covantage Cares Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Antigo Area Community Food Pantry Inc ($118K). Together the top 10 received $549K.
Grant Size Distribution
62 grants across all recorded years
The most common grant size was under $50K: 49 grants of 62 (79%).
Geographic Focus
Where this funder awards grants
The guidelines focus funding on communities served by CoVantage Credit Union, especially areas near its offices. In the foundation’s 2024 grant data, 75% of grant dollars went to Wisconsin recipients and 25% to Michigan recipients. The foundation’s grant-program description also identifies Wisconsin, Michigan, and Illinois as states it supports.
Grant Distribution by State
Share of 2024 grant dollars across all 13 itemized grants.
Cities
Is Covantage Cares Foundation Inc open to new grantees?
85%
first-time grantees, 2024
In 2024, 11 of 13 grantees (85%) were first-time recipients. With only 13 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $49K; repeat grants $15K. How we count
Medians: $48K first-time, $15K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $343K (2021) to $573K (2024). In 2024 it made 13 grants totaling $573K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Antigo Area Community Food Pantry Inc Antigo, WI | General Support | $118,378 |
| Friends of the Crystal Falls Fire Department Crystal Falls, MI | General Support | $92,342 |
| SAM25 (Shawano Area Matthew 25) Shawano, WI | General Support | $70,414 |
| HODAG10S Inc Rhinelander, WI | General Support | $65,215 |
| Boys and Girls Club of the Wausau Area Wausau, WI | General Support | $58,952 |
| Elcho School District Elcho, WI | General Support | $48,178 |
| VFW Post 3134 Iron River, MI | General Support | $44,622 |
| Crandon Area Community Foundation Crandon, WI | General Support | $22,706 |
| Jakes Network of Hope (Jakes Diapers Inc) Appleton, WI | General Support | $14,835 |
| NAMI Portage and Wood Counties Stevens Points, WI | General Support | $13,809 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $57,091 | $683,046 | $751,444 | $572,968 | 13 | $727 |
| 2023 | $126,358 | $352,505 | $597,087 | $449,284 | 15 | $2,337 |
| 2022 | $370,940 | $503,456 | $610,722 | $440,859 | 11 | $1,368 |
| 2021 | $478,206 | $862,609 | $432,685 | $343,126 | 8 | $675 |
| 2020 | $48,282 | $603,331 | $581,719 | $532,243 | 15 | $464 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s stated mission is to provide funds to nonprofits that assist individuals, especially those facing significant financial challenges, and to organizations working to enhance quality of life in communities served by CoVantage Credit Union.
Its guidelines prioritize projects with lasting impact, organizational capacity and credibility, geographic relevance to communities served by CoVantage Credit Union, and significant collaboration and community support. The foundation identifies basic needs, financial literacy and education, and community enhancement as its funding areas.
Examples of grantees’ work include the Antigo Area Community Food Pantry, which says it distributes free food to families in need, and Shawano Area Matthew 25, which says it helps people affected by poverty improve their circumstances and operate a seasonal overnight shelter. The Antigo Area Recreation Foundation describes its work as fundraising for and operating local youth sports opportunities.
Grantmaking
In filing year 2024, the foundation reported 13 grants totaling $572,968. Grants ranged from $7,500 to $118,378, with a median grant of $44,622. The largest reported awards included $118,378 to Antigo Area Community Food Pantry, $92,342 to Friends of the Crystal Falls Fire Department, $70,414 to Shawano Area Matthew 25, $65,215 to Hodag10s, and $58,952 to Boys and Girls Club of the Wausau Area. The listed grants were for general support.
The foundation’s application materials request a project description, the need to be addressed, measurable goals, the number and demographics of people expected to benefit, a project budget, and purchase documentation for the requested amount. Applicants are also asked to identify the project’s primary area of impact, the amount requested, project dates, and whether other grant funding has been sought. The guidelines exclude requests primarily benefiting a single individual, directly benefiting CoVantage Credit Union, supporting religious activities alone, funding travel, or otherwise falling outside the foundation’s mission. For events and sports- or club-related requests, the guidelines suggest contacting a local CoVantage Credit Union branch.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Charles Zanayed as president, Joan Farrell as vice president, Janel Thoune as treasurer, Sheila Rossmiller as secretary, and Shane Lathrop as director.
Covantage Cares Foundation Inc is led by Charles Zanayed, President on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Charles Zanayed
President
On filings since 2020
1 hr/week
No compensation reported
Shane Lathrop
Director
On filings since 2023
1 hr/week
No compensation reported
Joan Farrell
Vice President
Treasurer → Vice President, 2023
On filings since 2020
3 hrs/week
No compensation reported
Sheila Rossmiller
Secretary
On filings since 2020
1 hr/week
No compensation reported
Janel Thoune
Treasurer
Director, Svp-Marketing & Mission → Treasurer, 2023
On filings since 2022
1 hr/week
No compensation reported
Former officers (2)
- Former: Sherry Aulik (2020–2023) — Vice President
- Former: Betsy Kommers (2020–2022) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Covantage Cares Foundation Inc
How much does Covantage Cares Foundation Inc give each year?
Covantage Cares Foundation Inc gave $573K across 13 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $449K across 15 grants.
What is Covantage Cares Foundation Inc's typical grant size?
Covantage Cares Foundation Inc's median grant in 2024 was $44,622, and its average grant was $44,074, across 13 grants on its 2024 IRS Form 990. Organizations receiving their first grant from Covantage Cares Foundation Inc that year got $49K on average.
Where does Covantage Cares Foundation Inc give grants?
Covantage Cares Foundation Inc gives mostly in Wisconsin: 75% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest state was Michigan (25%). The most frequent recipient cities were Antigo, WI (3 grants).
Does Covantage Cares Foundation Inc give general operating support?
Yes: 100% of Covantage Cares Foundation Inc's 2024 grants with a stated purpose (13 of 13) were for general or operating support, per its 2024 IRS Form 990.
Who are Covantage Cares Foundation Inc's largest grantees?
Covantage Cares Foundation Inc's largest 2024 grantees include Antigo Area Community Food Pantry Inc ($118,378), Friends of the Crystal Falls Fire Department ($92,342) and SAM25 (Shawano Area Matthew 25) ($70,414), according to its 2024 IRS Form 990. Together they received 49% of its itemized 2024 grant dollars.
How large is Covantage Cares Foundation Inc?
Covantage Cares Foundation Inc reported $57K in total assets on its 2024 IRS Form 990. Its revenue that year was $683K.
What does Covantage Cares Foundation Inc fund?
The foundation’s stated mission is to provide funds to nonprofits that assist individuals, especially those facing significant financial challenges, and to organizations working to enhance quality of life in communities served by CoVantage Credit Union. See mission & focus areas ↑
How do I apply for a grant from Covantage Cares Foundation Inc?
The foundation provides a grant application for organizations to submit for quarterly board review. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Covantage Cares Foundation Inc's EIN?
Covantage Cares Foundation Inc's EIN (Employer Identification Number) is 81-1056981. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 11, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 7, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 8, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS September 5, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS June 24, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Covantage Cares Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Covantage Cares Foundation Inc funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/covantage-cares-foundation-inc-morg_ef9f2b3ae5c34631961f194d178f755d
BibTeX
@misc{grantable_811056981_2026,
author = {{Grantable}},
title = {{Covantage Cares Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/covantage-cares-foundation-inc-morg_ef9f2b3ae5c34631961f194d178f755d},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Covantage Cares Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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