Nonprofit · EIN 04-6835128
COVENANT HEALTH INVESTMENT TRUST
Tax-exempt · ANDOVER, MA 01810
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $10,513,988 | $938,821 | $9,575,167 | $260,230,079 | $0 | $260,230,079 |
| December 31, 2023 | 990 | -$4,632,096 | $1,079,411 | -$5,711,507 | $265,170,840 | $0 | $265,170,840 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $10,513,988
- Net gain from sales of assets
- $5,271,352
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Management and general (functional)
- $938,821
Balance sheet and other
- Total assets, start of year
- $265,170,840
- Total assets, end of year
- $260,230,079
- Total liabilities, end of year
- $0
- Net assets, end of year
- $260,230,079
- Publicly traded securities
- $75,337,353
- Gross receipts
- $80,999,250
- Employees
- 0
- Volunteers
- 14
- Year formed
- 1996
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Stephen Grubbs | President & CEO Trustee or director, Officer | 1 | $0 | $1,235,937 | $40,164 |
| Stephen Forney | SVP and Chief Financial Officer Officer | 1 | $0 | $817,738 | $36,123 |
| Lesley Adkinson E PhD RN | Director Trustee or director | 2 | $0 | $0 | $0 |
| Mark W Anthoine Sr | Director Trustee or director | 2 | $0 | $0 | $0 |
| Bruce Bonnell MD MPH | Director Trustee or director | 2 | $0 | $0 | $0 |
| Robert A Clark | Director Trustee or director | 2 | $0 | $0 | $0 |
| Catherine P Lovecchio PhD RN | Director Trustee or director | 2 | $0 | $0 | $0 |
| Thomas Mortimer | Director Trustee or director | 2 | $0 | $0 | $0 |
| Cherie Noe MD | Director (end 2/2024) Trustee or director | 2 | $0 | $0 | $0 |
| Sr Catherine O'Connor | Director Trustee or director | 2 | $0 | $0 | $0 |
| Gino J Pazzaglini | Director Trustee or director | 2 | $0 | $0 | $0 |
| Louise Trottier | Director Trustee or director | 2 | $0 | $0 | $0 |
| John Oliverio | Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Kenneth E Arnold | Vice Chair (end 6/2024) Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Ralph Jenkins | Director; Vice Chair (start 6/2024) Trustee or director, Officer | 2 | $0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kathy Connerton JD MBA | Treasurer Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Stephen Grubbs | President & CEO Trustee or director, Officer | 1 | $0 | $803,102 | $38,604 |
| Stephen Forney | SVP and Chief Financial Officer Officer | 1 | $0 | $495,159 | $38,300 |
| Lesley Adkinson E PhD RN | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mark W Anthoine Sr | Director Trustee or director | 1 | $0 | $0 | $0 |
| Bruce Bonnell MD MPH | Director Trustee or director | 1 | $0 | $0 | $0 |
| Aisha Barlatier-Bonny | Director (end 6/2023) Trustee or director | 1 | $0 | $0 | $0 |
| Robert A Clark | Director Trustee or director | 1 | $0 | $0 | $0 |
| Kathy Connerton JD MBA | Director Trustee or director | 1 | $0 | $0 | $0 |
| Ralph Jenkins | Director Trustee or director | 1 | $0 | $0 | $0 |
| Catherine P Lovecchio PhD RN | Director Trustee or director | 1 | $0 | $0 | $0 |
| William P Lucy | Director (end 6/2023) Trustee or director | 1 | $0 | $0 | $0 |
| Thomas Mortimer | Director Trustee or director | 1 | $0 | $0 | $0 |
| Cherie Noe MD | Director Trustee or director | 1 | $0 | $0 | $0 |
| Sr Catherine O'Connor | Director Trustee or director | 1 | $0 | $0 | $0 |
| Gino J Pazzaglini | Director Trustee or director | 1 | $0 | $0 | $0 |
| Louise Trottier | Director Trustee or director | 1 | $0 | $0 | $0 |
| John Oliverio | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Kenneth E Arnold | Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 40 SHATTUCK RD STE 317, ANDOVER, MA 01810-2456
- Principal officer (990 for 2024)
- Stephen Grubbs, 40 Shattuck Road 317, Andover, MA 01810
- Signed the 990
- Stephen Grubbs, President & CEO
- Phone
- (978) 654-6363
- Website
- covenantheath.net
- Return prepared by
- Baker Newman Noyes LLC
Mission
Covenant Health Investment Trust (formerly Providentia Prima Trust) was established to hold and manage pooled investments of various organizations exempt from Federal income tax under Section 501(c)(3)
Program accomplishments
- Covenant Health Investment Trust (formerly Providentia Prima Trust) was established to hold and manage pooled investments of various organizations exempt from Federal income tax under Section 501(c)(3).0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-6835128
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Exempt since
- 1946
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E120)
- Group exemption
- 0928: UNITED STATES CATHOLIC CONFERENCE
- Assets (IRS master file)
- $260,230,079
- Income (IRS master file)
- $80,999,250
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $10,513,988 | $938,821 | $260,230,079 | XML |
| 990 | December 2023 | -$4,632,096 | $1,079,411 | $265,170,840 | XML |
| 990 | December 2022 | -$914,895 | $0 | $244,447,441 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-6835128).
Questions about COVENANT HEALTH INVESTMENT TRUST
- What is the EIN of COVENANT HEALTH INVESTMENT TRUST?
- The employer identification number (EIN) of COVENANT HEALTH INVESTMENT TRUST is 04-6835128.
- Is COVENANT HEALTH INVESTMENT TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
- Which annual return does COVENANT HEALTH INVESTMENT TRUST file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COVENANT HEALTH INVESTMENT TRUST due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COVENANT HEALTH INVESTMENT TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COVENANT HEALTH INVESTMENT TRUST?
- The 990 for the year ended December 31, 2024 names Stephen Grubbs.
- Who are the officers and directors of COVENANT HEALTH INVESTMENT TRUST?
- The 990 for the year ended December 31, 2024 lists 16 people; 0 received compensation from the organization.
- How much revenue does COVENANT HEALTH INVESTMENT TRUST have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $10,513,988, expenses of $938,821 and total assets of $260,230,079 at year end.
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