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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.5M
Annual Giving
$973K
Grant Count
1
Avg Grant Size
$973K
About Covenant Foundation Inc
Based on IRS filings
Covenant Foundation Inc is a nonprofit organization, based in WATERLOO, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.5M in total assets. In 2024, it awarded 1 grants totaling $973K. Net investment income was $1.6M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $6,459,436 | $5,921,895 | $7,329,140 |
| Revenue | $2,120,318 | $-417,229 | $2,101,688 |
| Expenses | $1,257,534 | $990,016 | $1,849,246 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,645,767 | $-937,027 | $1,612,617 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRIAN SIMS DO | DIRECTOR; PHYSICIAN | 0.5 | — |
| RYAN MEYER | DIRECTOR; MERCYONE NE IA COO | 0.5 | — |
| TIMOTHY HUBER | VP OF FINANCE | 0.5 | — |
| JEWELL JONES | DIRECTOR; MGR, PATIENT CARE THR 2/24 | 0.5 | — |
| TOM NAGLE | DIRECTOR; CHAIR | 0.5 | — |
| BRIAN SAYER | DIRECTOR; VICE CHAIR | 0.5 | — |
| NANCY WEBER | DIRECTOR; VICE CHAIR | 0.5 | — |
| DAVE BOWLING | DIRECTOR; TREASURER | 0.5 | — |
| KIM FETTKETHER | DIRECTOR; SECRETARY | 0.5 | — |
| GABE BERGER | DIRECTOR | 0.5 | — |
| JAMES COLOFF | DIRECTOR | 0.5 | — |
| SARAH DOBES | DIRECTOR | 0.5 | — |
| SHIRLEY DUNLAP | DIRECTOR | 0.5 | — |
| STACY FOLKERS | DIRECTOR | 0.5 | — |
| LISA GATES | DIRECTOR | 0.5 | — |
| WILLIAM KASTEN MD | DIRECTOR | 0.5 | — |
| DAN KEAGLE | DIRECTOR | 0.5 | — |
| BECKY MUDD | DIRECTOR | 0.5 | — |
| AMBER SCHUCHMANN | DIRECTOR | 0.5 | — |
| TONY THOMPSON | DIRECTOR | 0.5 | — |
| MILLISA TIERNEY | DIRECTOR | 0.5 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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