Nonprofit · EIN 27-0098401
FIRST COVENANT FOUNDATION
Tax-exempt · DETROIT, MI 48203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $43,746 | $25,708 | $18,038 | $414,815 | $0 | $414,815 |
| December 31, 2023 | 990-PF | $12,132 | $27,727 | -$15,595 | $385,284 | $0 | $385,284 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $13,780
- Dividends
- $933
- Interest
- $4
- Net rental income
- $17,011
- Net gain from sales of assets
- $3,575
- Other income
- $260
Expenses
- Grants and similar amounts paid
- $0
- Disbursements for charitable purposes
- $9,047
- Excise tax on investment income
- $252
Balance sheet and other
- Total assets, start of year
- $385,284
- Total assets, end of year
- $414,815
- Total liabilities, end of year
- $0
- Net assets, end of year
- $414,815
- Qualifying distributions
- $9,047
- Net investment income
- $26,633
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL DALLEN 2384 WOODSTOCK, DETROIT, MI 48203 | PRESIDENT | 0 | $0 |
| RABBI MICHAEL KATZ 5650 STIRLING ROAD 5, HOLLYWOOD, FL 33021 | DIRECTOR | 0 | $0 |
| DR ROBERT E BUXBAUM 12851 CAPITAL, OAK PARK, MI 48237 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL DALLEN 2384 WOODSTOCK, DETROIT, MI 48203 | PRESIDENT | 0 | $0 |
| REV JACK E SAUNDERS 3340 LITTLE JOHN CIRCLE SE, CLEVELAND, TN 37323 | VICE-PRESIDE | 0 | $0 |
| RABBI MICHAEL KATZ 5650 STIRLING ROAD, HOLLYWOOD, FL 33021 | DIRECTOR | 0 | $0 |
| DR ROBERT E BUXBAUM 12851 CAPITAL, OAK PARK, MI 48237 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2384 WOODSTOCK DR, DETROIT, MI 48203-1054
- In care of
- % MICHAEL DALLEN
- Signed the 990-PF
- MICHAEL DALLEN, PRESIDENT
- Phone
- (313) 891-1920
- Website
- 1STCOVENANT.ORG
- Return prepared by
- PLOTNIK FEINBERG & ASSOCIATES PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 27-0098401
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Religion-related (X83)
- Assets (IRS master file)
- $414,815
- Income (IRS master file)
- $52,462
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $43,746 | $25,708 | $414,815 | IRS |
| 990-PF | December 2023 | $12,132 | $27,727 | $385,284 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | 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 27-0098401).
Questions about FIRST COVENANT FOUNDATION
- What is the EIN of FIRST COVENANT FOUNDATION?
- The employer identification number (EIN) of FIRST COVENANT FOUNDATION is 27-0098401.
- Is FIRST COVENANT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to FIRST COVENANT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FIRST COVENANT FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FIRST COVENANT FOUNDATION 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 FIRST COVENANT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of FIRST COVENANT FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does FIRST COVENANT FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $43,746, expenses of $25,708 and total assets of $414,815 at year end.
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