CHURCH OF THE COVENANT PERMANENT ENDOWMENT FUND INC

EIN: 237035942 501(c)(3)

JUNCTION CITY, KS

Total Revenue
$150,149
Total Expenses
$130,637
Total Assets
$1,012,406
Net Assets
$1,012,406
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
KS
Principal Officer
Betsy Edwards
Phone
7853752487
Tax Period
2023-01-01 to 2023-12-31

CHURCH OF THE COVENANT PERMANENT ENDOWMENT FUND INC, founded in 1965, is a small nonprofit that reported $150K in total revenue in fiscal year 2023. Revenue surged 291% from the prior year, signaling strong growth momentum. Expenses of $131K left a modest 13% surplus.

Mission

The Church of the Covenant Permanent Endowment Fund Inc. is a corporation that was founded to support the Episcopal Church of the Covenant that has been a part of the Episcopal Diocese of the State of Kansas since 1858. The fund is designated to provide financial support to the church. The asset information as well as the operating documents of the Church of the Covenant Permanent Endowment Fund are available to any member of the Episcopal Church of the Covenant. The fund is located at the Exchange Bank of Junction City Kansas and is administered through the Trust Department of that bank. Quarterly financial reports are generated by the Trust Department and that information is provided by the Trustees of the Church of the Covenant Permanent Endowment Fund and in turn to the members of the Episcopal Church of the Covenant.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $24,125
Program Service Revenue $0
Investment Income $126,024
Other Revenue $0
TOTAL REVENUE $150,149

Expense Breakdown

Grants Paid $124,931
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $5,706
TOTAL EXPENSES $130,637

Year-over-Year Comparison

2023 2022 Change
Revenue $150,149 $38,362 +2.9%
Expenses $130,637 $76,115 +0.7%
Net Income $19,512 $-37,753 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Betsy Edwards 2394 Vane Road Chapman Kansas 67431 0.00
Director
$0 $0 $0
Richard A Pinaire 623 S Adams Junction City Kansas 66441 0.00
Director
$0 $0 $0
Marilyn Smith 185 West Chestnut St Junction City Kansas 66441 0.00
Director
$0 $0 $0
Shelly Joyle Kite 700 Rockledge Dr Junction City Kansas 66441 0.00
Director
$0 $0 $0
Kendall Schoenrock 901 W 6th Street Junction City Kansas 66441 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $150,149 $130,637 $1,012,406 $19,512
2022 $38,362 $76,115 $932,362 $-37,753
2021 $76,999 $78,379 $1,124,696 $-1,380
2020 $-33,139 $-83,389 $1,124,696 $50,250
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