Covenant Foundation Inc
We, Covenant Foundation and trinity health, serve together in the spirit of the gospel as a compassionate and transforming healing presence within our communities. Covenant Foundation is a member of trinity health.
Covenant Foundation Inc at a glance
In short: Covenant Foundation Inc gave $724K across 1 grant in 2025 (avg $724K), mostly in Iowa. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $723,996
- -25.6% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $723,996
- -25.6% vs 2024
- Median grant
- $723,996
- Total assets
- $6,768,770
- +4.8% vs 2024
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Covenant Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Covenant Medical Center Inc ($724K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $500K–1M range: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Covenant Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+2%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $292K (2023) to $1.6M (2021). In 2025 it made 1 grant totaling $724K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Covenant Medical Center Inc Waterloo, IA | Purchase Equipment | $723,996 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $6,768,770 | $816,171 | $1,013,262 | $723,996 | 1 | $310,276 |
| 2024 | $6,459,436 | $2,120,318 | $1,257,534 | $973,044 | 1 | $1,645,767 |
| 2023 | $6,511,961 | $829,989 | $583,564 | $291,774 | 1 | $321,913 |
| 2022 | $5,921,895 | $-417,229 | $990,016 | $711,045 | 1 | $-937,027 |
| 2021 | $7,329,140 | $2,101,688 | $1,849,246 | $1,568,409 | 1 | $1,612,617 |
| 2020 | $7,076,698 | $844,823 | $1,014,053 | $735,396 | 1 | $284,265 |
About Covenant Foundation Inc
Based on IRS filings
Covenant Foundation Inc is a public charity, based in Waterloo, IA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $6.8M in total assets. In 2025, it awarded 1 grant totaling $724K. Net investment income was $310K.
Leadership & Key People
Officers and directors from IRS filings
Covenant Foundation Inc is led by Nancy Weber, Director & Chair since 2025 (on filings since 2020); none of the 21 officers listed in 2025 report compensation.
Officers on the 2025 filing
Nancy Weber
Director & Chair
Director, V Chair Thr & Chair- → Director & Vice Chair, 2024
Director & Vice Chair → Director & Chair, 2025
On filings since 2020
0.5 hrs/week
No compensation reported
Tom Nagle
Director & Chair
On filings since 2024
0.5 hrs/week
No compensation reported
Amber Schuchmann
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Becky Mudd
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Brian Sayer
Director & Vice Chair
Director - Treasurer → Director, Treasurer Thr & V Chair-, 2023
Director, Treasurer Thr & V Chair- → Director & Vice Chair, 2024
On filings since 2020
0.5 hrs/week
No compensation reported
Brian Sims DO
Director & Physician - Pediatrics
Director, Secretary & Physician → Director & Physician, 2024
Director & Physician → Director & Physician - Pediatrics, 2025
On filings since 2020
0.5 hrs/week
No compensation reported
Dan Keagle
Director
Director - Chair → Director & Chair, 2023
Director & Chair → Director, 2024
On filings since 2020
0.5 hrs/week
No compensation reported
Dave Bowling
Director & Treasurer
Director → Director & Treasurer, 2023
On filings since 2020
0.5 hrs/week
No compensation reported
Kim Fettkether
Director & Secretary
Director → Director & Secretary, 2024
On filings since 2020
0.5 hrs/week
No compensation reported
Ryan Meyer
Director & Mercyone Ne Ia COO
Ex-Officio & Vice President Site Administrator → Director & Vice President Site Administrator, 2023
Director & Vice President Site Administrator → Director & Mercyone Ne Ia COO, 2024
On filings since 2020
0.5 hrs/week
No compensation reported
Shirley Dunlap
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Stacy Folkers
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Tony Thompson
Director
On filings since 2020
0.5 hrs/week
No compensation reported
William Kasten MD
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Gabe Berger
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Jewell Jones
Director Thr & Registered Nurse
Director, Manager & Patient Care → Director, Manager & Patient Care Thr, 2024
Director, Manager & Patient Care Thr → Director Thr & Registered Nurse, 2025
On filings since 2021
0.5 hrs/week
No compensation reported
Lisa Gates
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Millisa Tierney
Director
On filings since 2021
0.5 hrs/week
No compensation reported
James Coloff
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Sarah Clark
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Timothy Huber
Mercyone Northeast Ia Vice President of Finance
Vice President of Finance → Mercyone Northeast Ia Vice President of Finance, 2025
On filings since 2023
0.5 hrs/week
No compensation reported
Former officers (10)
- Former: Sarah Clark Dobes (2021–2024) — Director
- Former: Dawn Pilipchuk-Kruth (2020–2023) — Director
- Former: Don Temeyer (2020–2023) — Director
- Former: Jack Dusenbery (2020–2023) — Director, President & Mercyone Ne Ia Thr
- Former: Jim Coloff (2020–2023) — Director
- Former: Tammy Bedard (2020–2023) — Director
- Former: Chris Brady (2022–2023) — Director & Administrator Director - Operations
- Former: Jewell Jones MSN RN (2022) — Director
- Former: Stephen Thorpe (2020) — Director
- Former: Tara Thomas (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "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 Covenant Foundation Inc
How much does Covenant Foundation Inc give each year?
Covenant Foundation Inc gave $724K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $973K across 1 grant.
How large is Covenant Foundation Inc?
Covenant Foundation Inc reported $6.8M in total assets on its 2025 IRS Form 990. Its revenue that year was $816K.
Where does Covenant Foundation Inc operate?
Covenant Foundation Inc has awarded grants in Iowa.
What is Covenant Foundation Inc's EIN?
Covenant Foundation Inc's EIN (Employer Identification Number) is 42-1295784. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2024 (received by the IRS May 14, 2025)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 12, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 11, 2023)
- Added Form 990 for fiscal year 2023 (received by the IRS May 13, 2024)
- Added Form 990 for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Covenant Foundation Inc's focus areas in our free grants database
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Figures come from Covenant 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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