Covenant Foundation

EIN: 363722029 501(c)(3) Education

New York, NY

Total Revenue
$6,318,185
Total Expenses
$6,416,470
Total Assets
$6,693,726
Net Assets
$3,235,200
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
NY
Principal Officer
JONI-SUE B LEVINE
Phone
2122453500
Tax Period
2024-01-01 to 2024-12-31

Covenant Foundation, founded in 1990, is a community nonprofit in the Education sector that reported $6.3M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO BUILD ON EXISTING STRENGTH WITHIN THE FIELD OF JEWISH EDUCATION IN NORTH AMERICA, BY ADDRESSING ALL FORMS OF PRE-COLLEGIATE AND ADULT JEWISH EDUCATION THROUGH AWARDS TO INDIVIDUALS AND GRANTS TO INSTITUTIONS FOR CREATIVE PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $5,733,987

The Foundation addresses all forms of pre-collegiate and adult Jewish education. Through awards to individuals and grants to institutions for creative programs, the Foundation seeks to cultivate the...

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The Foundation addresses all forms of pre-collegiate and adult Jewish education. Through awards to individuals and grants to institutions for creative programs, the Foundation seeks to cultivate the strengths of outstanding educators. To further strengthen the field, the Foundation disseminates information about effective programs.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,318,000
Program Service Revenue $0
Investment Income $185
Other Revenue $0
TOTAL REVENUE $6,318,185

Expense Breakdown

Grants Paid $2,253,157
Salaries & Benefits $1,878,306
Fundraising Expenses $0
Program Expenses $5,733,987
Other Expenses $2,285,007
TOTAL EXPENSES $6,416,470

Year-over-Year Comparison

2024 2023 Change
Revenue $6,318,185 $5,612,164 +0.1%
Expenses $6,416,470 $5,703,803 +0.1%
Net Income $-98,285 $-91,639 +0.1%
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

Financial Distress Indicator

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
14
Independent Members
13
Employees
13
Volunteers
13

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
4
$264,420
Total Directors
14
$264,420
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONI-SUE B LEVINE EXECUTIVE DIRECTOR 40.0
Officer Director
$228,955 $35,465 $264,420
ABBY PITKOWSKY PROGRAM DIRECTOR 40.0
Highest
$157,899 $61,201 $219,100
RALIA WAGNER DIRECTOR OF FINANCE AND ADMIN 32.0
Highest
$129,873 $58,073 $187,946
MYRA ROSENBAUM DIR OF PLANNING AND OPERATIONS 32.0
Highest
$117,192 $56,790 $173,982
ADINA KAY-GROSS Director of Thought Leadership 30.0
Highest
$130,945 $14,317 $145,262
ARIEL STEWART SR. PROGRAM OFFICER 40.0
Highest
$106,856 $29,523 $136,379
STEVIN AIN DIRECTOR 1.0
Director
$0 $0 $0
Dr RENA DORPH DIRECTOR 1.0
Director
$0 $0 $0
DR ARNOLD M EISEN DIRECTOR 1.0
Director
$0 $0 $0
CHERYL R FINKEL IMMEDIATE PAST CHAIR 1.0
Director
$0 $0 $0
JORDAN T GOODMAN DIRECTOR 1.0
Director
$0 $0 $0
BARRY JOSEPH DIRECTOR 1.0
Director
$0 $0 $0
OREN KAUNFER DIRECTOR 1.0
Director
$0 $0 $0
BARBARA GOODMAN MANILOW PRESIDENT 1.0
Officer Director
$0 $0 $0
DEBORAH S MEYER Board CHAIR 1.0
Officer Director
$0 $0 $0
DR STEVEN B NASATIR TREASURER 1.0
Officer Director
$0 $0 $0
Dr ANNIE POLLAND DIRECTOR 1.0
Director
$0 $0 $0
SARA CROWN STAR DIRECTOR 1.0
Director
$0 $0 $0
Dr Jonathan Kransner Director 1.0
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 $6,318,185 $6,416,470 $6,693,726 $-98,285
2023 $5,612,164 $5,703,803 $7,274,348 $-91,639
2022 $6,350,177 $5,993,869 $8,238,129 $356,308
2021 $5,634,152 $5,301,013 $3,851,148 $333,139
2020 $5,130,096 $4,956,127 $3,119,744 $173,969
2019 $4,908,107 $5,066,715 $3,003,209 $-158,608
2018 $4,613,108 $4,622,713 $3,066,888 $-9,605
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