Covenant Ministries of Benevolence
Covenant Ministries of Benevolence reported $13.7 million in revenue and $4.2 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $65.59 went to program services, $34.41 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 71.5% of the total. The highest compensation it reported for one person was $478,952 (ASSISTANT SECRETARY, SVP AND GENERAL COUNSEL). 6 people received more than $100,000 in reportable compensation. Revenue fell 42% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $4.2MFor context, the median across 2,451 covered unclassified charities: $88.23 programs, $11.72 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $14MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 65.6% | 86.7% |
| Management & general Part IX 25(C) ÷ 25(A) | 34.4% | 11.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 2.0% | 29.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 3.5% |
| Program service revenue share Part VIII 2g ÷ 12 | 23.3% | 58.8% |
| Highest reported compensation Part VII-A, columns D–F | $478,952 | $302,069 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 11.41% | 1.38% |
| People paid over $100,000 Part VII, line 2 | 6 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 178.9 | 6.8 |
| Independent voting board members Part VI 1a–1b | 15 of 18 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseCovenant Ministries of Benevolence (cmb) provides administrative management services for several affiliates which fall under the IRS guidelines as non-profit organizations, exempt under section 501(c)(3). The services provided to these organizations assists them in carrying out their missions or exempt functions. The affiliates for which Covenant Ministries of Benevolence provides these services include the following organizations: - emc health, inc. Fein 94-2281314; - covenant initiatives for care, inc. Fein 27-1841721; - covenant enabling residences of illinois fein 36-3731196; - covenant…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| ASSISTANT SECRETARY, SVP AND GENERAL COUNSEL Officer, 40.0 hrs/week | $0 | $409,008 | $69,944 | $478,952 |
| EX-OFFICIO/PRESIDENT OF CMB & CIC Director/trustee, officer, 40.0 hrs/week | $323,746 | $0 | $67,944 | $391,690 |
| SVP OF FINANCE/ASSISTANT TREASURER Director/trustee, officer, 40.0 hrs/week | $229,382 | $0 | $36,117 | $265,499 |
| DIRECTOR/EX-OFFICIO/ECC PRES Director/trustee, officer, 0.1 hrs/week | $0 | $145,412 | $106,291 | $251,703 |
| EXECUTIVE DIRECTOR Highest compensated employee, 40.0 hrs/week | $139,233 | $0 | $19,100 | $158,333 |
| ACCOUNTING MANAGER Highest compensated employee, 40.0 hrs/week | $136,343 | $0 | $21,653 | $157,996 |
| ASSISTANT SECRETARY Officer, 40.0 hrs/week | $115,889 | $0 | $33,724 | $149,613 |
| CAMPUS EXECUTIVE DIRECTOR Highest compensated employee, 40.0 hrs/week | $120,716 | $0 | $2,086 | $122,802 |
6 people received more than $100,000 in reportable compensation from Covenant Ministries of Benevolence (Part VII, line 2). Compensation of current officers, directors and key employees totaled $888K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b18 · 15 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 511
- Volunteers Part I, line 618
Correct a figure or respond
Every number above is copied from Covenant Ministries of Benevolence's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Covenant Ministries of Benevolence, you can publish a response that is linked from this page.
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Of every $100 Covenant Ministries of Benevolence spent in FY2025, $65.59 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Covenant Ministries of Benevolence's spending goes to programs?
In the fiscal year ending September 30, 2025, Covenant Ministries of Benevolence reported that 65.6% of its $4.2 million in expenses went to program services, 34.4% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Covenant Ministries of Benevolence pay its top executive?
The largest total compensation Covenant Ministries of Benevolence reported for one person in the fiscal year ending September 30, 2025 was $478,952, for the role of ASSISTANT SECRETARY, SVP AND GENERAL COUNSEL (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Covenant Ministries of Benevolence get its money?
Of $13.7 million in revenue in the fiscal year ending September 30, 2025, 2.0% came from contributions and grants and 23.3% from program service revenue (Form 990, Part VIII).
Is Covenant Ministries of Benevolence a registered charity?
The IRS lists EIN 36-3486813 as a 501(c)(3) organization (church), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202612249349301341 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202532269349301108 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202442269349301424 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202312239349300016 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202222239349301722 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202112119349300021 · read the filing
All filings for EIN 36-3486813: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.