Covenant Christian Foundation Inc is a private foundation focused on Religion Related, based in HAWTHORNE, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $524K in total assets. In 2024, it awarded 4 grants totaling $60K. Net investment income was $7K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$524K
+0.7% YoY
Annual Giving
$60K
-6.3% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$15K
-6.3% YoY
Under IRS private-foundation payout rules, Covenant Christian Foundation Inc reported a distributable amount of $26K for 2024 — the minimum it must pay out in qualifying distributions.
About Covenant Christian Foundation Inc
Based on IRS filings
Covenant Christian Foundation Inc is a private foundation focused on Religion Related, based in HAWTHORNE, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $524K in total assets. In 2024, it awarded 4 grants totaling $60K. Net investment income was $7K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $524,011 | $520,550 | $581,370 |
| Revenue | $75,191 | $12,337 | $4,382 |
| Expenses | $71,730 | $73,157 | $96,483 |
| Qualifying Distributions | $60,000 | $64,000 | $76,000 |
| Net Investment Income | $7,276 | $3,180 | — |
| Distributable Amount | $25,621 | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hawthorne Christian Academy ($40,000), Loveland Protestant Reformed Church ($8,000), Faith Christian School ($8,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LOVELAND PROTESTANT REFORMED CHURCH LOVELAND, CO | BUILDING PROJECT. | $8,000 |
| EASTERN CHRISTIAN SCHOOL NORTH HALEDON, NJ | TUITION ASSISTANCE. | $4,000 |
| HAWTHORNE CHRISTIAN ACADEMY HAWTHORNE, NJ | TUITION ASSISTANCE | $40,000 |
| FAITH CHRISTIAN SCHOOL ROANOKE, VA | TUITION ASSISTANCE | $8,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD HOOGMOED | President | — | — |
| STEVEN HANKO | Trustee | — | — |
| JOHN D MCHUGH | Trustee | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Covenant Christian Foundation Inc?
Covenant Christian Foundation Inc is a private foundation focused on Religion Related, based in HAWTHORNE, NJ. It holds $524K in total assets as of 2024.
How large is Covenant Christian Foundation Inc?
As of 2024, Covenant Christian Foundation Inc holds $524K in total assets with $75K in annual revenue. It awarded 4 grants totaling $60K in 2024.
Where does Covenant Christian Foundation Inc operate?
Covenant Christian Foundation Inc has awarded grants in Colorado, New Jersey, Pennsylvania, Virginia.
What size grants does Covenant Christian Foundation Inc award?
In 2024, Covenant Christian Foundation Inc awarded 4 grants totaling $60K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is Covenant Christian Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Covenant Christian Foundation Inc reported a distributable amount of $26K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Covenant Christian Foundation Inc's EIN?
Covenant Christian Foundation Inc's EIN (Employer Identification Number) is 23-7345635. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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