Nonprofit · EIN 38-2572154
COVENANT HEALTHCARE FOUNDTION
Tax-exempt · SAGINAW, MI 48602
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,368,102 | $950,034 | $1,418,068 | $29,308,767 | $120,121 | $29,188,646 |
| June 30, 2024 | 990 | $2,133,081 | $831,704 | $1,301,377 | $27,249,943 | $179,236 | $27,070,707 |
| June 30, 2023 | 990 | $3,212,722 | $961,594 | $2,251,128 | $25,253,338 | $94,082 | $25,159,256 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $951,907
- Program service revenue
- $0
- Investment income
- $1,304,049
- Net gain from sales of assets
- $551,176
- Net income from fundraising events
- -$143,247
- Net income from gaming
- $3,420
- Net income from sales of inventory
- $131,973
- Other revenue
- $112,146
Expenses
- Grants and similar amounts paid
- $380,303
- Other salaries and wages
- $348,844
- Salaries, compensation and benefits (total)
- $427,807
- Professional fundraising fees
- $0
- Travel
- $3,864
- Program services (functional)
- $380,303
- Management and general (functional)
- $569,731
Balance sheet and other
- Total assets, start of year
- $27,249,943
- Total assets, end of year
- $29,308,767
- Total liabilities, end of year
- $120,121
- Net assets, end of year
- $29,188,646
- Publicly traded securities
- $21,920,223
- Net assets without donor restrictions
- $10,192,857
- Net assets with donor restrictions
- $18,995,789
- Gross receipts
- $5,147,519
- Employees
- 0
- Volunteers
- 373
- Year formed
- 1984
- State of legal domicile
- MI
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEVIN ALBOSTA | VP OF FINANCE Trustee or director, Officer | 4 | $0 | $1,930,923 | $311,248 |
| BETHANY CHARLTON | PRESIDENT/CEO Trustee or director, Officer | 4 | $0 | $1,039,656 | $867,822 |
| RYAN RATYNSKI | INTERIM FOUNDATION DIRECTOR - PART YEAR Officer | 40 | $0 | $147,330 | $27,147 |
| KRISTIN KNOLL | FOUNDATION DIRECTOR Officer | 40 | $0 | $127,224 | $27,530 |
| JANE HAGEN | CHAIR Trustee or director, Officer | 4 | $0 | $0 | $0 |
| MOLLY SAPUTO | VICE-CHAIR Trustee or director, Officer | 4 | $0 | $0 | $0 |
| JOHN W SHELTON | SECRETARY/TREASURER Trustee or director, Officer | 4 | $0 | $0 | $0 |
| LYLE G DAVIS JR | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| RICHARD J GARBER JR | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| SHARON ROOD | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| KATHI SPENCE | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BETHANY CHARLTON | PRESIDENT/CEO Trustee or director, Officer | 4 | $0 | $850,284 | $596,516 |
| KEVIN ALBOSTA | VP/CFO Trustee or director, Officer | 4 | $0 | $569,523 | $238,197 |
| RYAN RATYNSKI | INTERIM FOUNDATION DIRECTOR Officer | 40 | $0 | $132,652 | $25,862 |
| AMY BUBEN | CHAIR - PART YEAR Trustee or director, Officer | 4 | $0 | $0 | $0 |
| JANE HAGEN | VICE-CHAIR Trustee or director, Officer | 4 | $0 | $0 | $0 |
| DONALD J CARLYON | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| LYLE G DAVIS JR | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| RICHARD J GARBER JR | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| BJ HUMPHREYS | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| SHARON ROOD | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| JACK RUMMEL | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| MOLLY SAPUTO | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| JOHN W SHELTON | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| KATHI SPENCE | FORMER PRESIDENT Trustee or director | 4 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BETHANY CHARLTON | PRESIDENT/CEO Trustee or director, Officer | 4 | $0 | $812,741 | $697,897 |
| KEVIN ALBOSTA | VP/CFO Trustee or director, Officer | 4 | $0 | $551,926 | $388,630 |
| EDWARD BRUFF | FORMER PRESIDENT Former | 4 | $0 | $684,329 | $39,734 |
| CAROL COTTRELL | FOUNDATION DIRECTOR Officer | 40 | $167,157 | $0 | $6,653 |
| AMY BUBEN | CHAIR Trustee or director, Officer | 4 | $0 | $0 | $0 |
| JANE HAGEN | VICE-CHAIR Trustee or director, Officer | 4 | $0 | $0 | $0 |
| RICHARD J GARBER JR | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| DONALD J CARLYON | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| LYLE G DAVIS JR | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| BRENT GAERTNER | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| BJ HUMPHREYS | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| MOLLY SAPUTO | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| JOHN W SHELTON | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| KATHI SPENCE | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1447 N HARRISON ST, SAGINAW, MI 48602-4727
- In care of
- % KEVIN S ALBOSTA
- Principal officer (990 for 2024)
- KEVIN ALBOSTA, 1447 N HARRISON, SAGINAW, MI 48602
- Signed the 990
- KEVIN ALBOSTA, VP OF FINANCE
- Phone
- (989) 583-6006
- Website
- WWW.COVENANTHEALTHCARE.COM
- Return prepared by
- PLANTE & MORAN PLLC
Mission
THE FOUNDATION IS ESTABLISHED TO SUPPORT THE COVENANT HEALTHCARE SYSTEM BY ACCEPTING DONATIONS AND PROVIDING STEWARDSHIP OF CHARITABLE FUNDS RECEIVED FROM THE COVENANT HEALTHCARE CONSTITUENCY.
Program accomplishments
- GRANTS TO VARIOUS HOSPITAL UNITS TO BE USED FOR THE BENEFIT OF COVENANT HEALTHCARE SYSTEM, A NON-PROFIT ORGANIZATION, AND ITS AFFILIATED HOSPITAL, COVENANT MEDICAL CENTER.Expenses $327,332 · grants $327,332
- COLLEGE SCHOLARSHIPS TO HIGH SCHOOL STUDENTS, LEGAL DEPENDENTS AND NURSING STUDENTS.Expenses $52,971 · grants $52,971
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 38-2572154
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1985
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E112)
- Assets (IRS master file)
- $29,308,767
- Income (IRS master file)
- $5,147,519
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,368,102 | $950,034 | $29,308,767 | IRS |
| 990 | June 2024 | $2,133,081 | $831,704 | $27,249,943 | IRS |
| 990 | June 2023 | $3,212,722 | $961,594 | $25,253,338 | XML |
| 990 | June 2022 | $2,934,595 | $4,858,867 | $25,418,869 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 38-2572154).
Questions about COVENANT HEALTHCARE FOUNDTION
- What is the EIN of COVENANT HEALTHCARE FOUNDTION?
- The employer identification number (EIN) of COVENANT HEALTHCARE FOUNDTION is 38-2572154.
- Is COVENANT HEALTHCARE FOUNDTION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to COVENANT HEALTHCARE FOUNDTION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does COVENANT HEALTHCARE FOUNDTION 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 HEALTHCARE FOUNDTION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COVENANT HEALTHCARE FOUNDTION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of COVENANT HEALTHCARE FOUNDTION?
- The 990 for the year ended June 30, 2025 names KEVIN ALBOSTA.
- Who are the officers and directors of COVENANT HEALTHCARE FOUNDTION?
- The 990 for the year ended June 30, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does COVENANT HEALTHCARE FOUNDTION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,368,102, expenses of $950,034 and total assets of $29,308,767 at year end.
Other nonprofits in SAGINAW
- COVENANT MEDICAL CENTER INC EIN 38-3369438 · last filed 990 for 2025
- GREAT LAKES BAY HEALTH CENTERS EIN 38-1908328 · last filed 990 for 2025
- SAGINAW COOPERATIVE HOSPITALS INC EIN 38-1870664 · last filed 990 for 2025
- LUTHERAN HOMES OF MICHIGAN INC EIN 38-1358410 · last filed 990 for 2024
- A & D CHARITABLE FOUNDATION INC EIN 38-3428303 · last filed 990 for 2025
- VISITING NURSE ASSOCIATION OF SAGINAW EIN 45-4929618 · last filed 990 for 2025
- AUSABLE VALLEY CONTINUING CARE RETIREMENT COMMUNITY INC EIN 38-2236926 · last filed 990 for 2024
- PROJECT COMPASSION HEALTH EIN 38-2395647 · last filed 990 for 2024