Nonprofit · EIN 62-1748601
COVENANT HEALTH FOUNDATION
Tax-exempt · KNOXVILLE, TN 37932
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,951,026 | $2,609,005 | -$657,979 | $18,411,285 | $639,400 | $17,771,885 |
| December 31, 2023 | 990 | $1,504,617 | $1,243,579 | $261,038 | $17,498,469 | $163,955 | $17,334,514 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,462,077
- Program service revenue
- $0
- Investment income
- $538,224
- Net income from fundraising events
- -$49,275
- Other revenue
- -$49,275
Expenses
- Grants and similar amounts paid
- $2,362,675
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $18,019
- Travel
- $2,018
- Depreciation
- $1,482
- Program services (functional)
- $2,362,675
- Management and general (functional)
- $71,807
- Fundraising (functional)
- $174,523
Balance sheet and other
- Total assets, start of year
- $17,498,469
- Total assets, end of year
- $18,411,285
- Total liabilities, end of year
- $639,400
- Net assets, end of year
- $17,771,885
- Land, buildings and equipment
- $202,197
- Publicly traded securities
- $17,456,194
- Net assets without donor restrictions
- $11,935,055
- Net assets with donor restrictions
- $5,836,830
- Gross receipts
- $2,125,503
- Employees
- 0
- Volunteers
- 76
- Year formed
- 1998
- State of legal domicile
- TN
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 |
|---|---|---|---|---|---|
| James D VanderSteeg | President & CEO Trustee or director | 1 | $0 | $2,880,556 | $362,274 |
| William R Bryant Jr | VP and Chief Philanthrophy Officer Key employee | 11 | $0 | $297,119 | $24,525 |
| Patrick J Birmingham IV | Fmr VP Philanthr. (through Feb 2024) Key employee | 8 | $0 | $265,432 | $37,651 |
| Kathy May-Martin | Director/Chair (through Dec 2024) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Chad Schollaert | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mary Child | Director Trustee or director | 1 | $0 | $0 | $0 |
| Jamie Wakefield | Director Trustee or director | 1 | $0 | $0 | $0 |
| Marty Gibbs | Director Trustee or director | 1 | $0 | $0 | $0 |
| Charles Griffin | Director Trustee or director | 1 | $0 | $0 | $0 |
| Alan Hill | Director Trustee or director | 1 | $0 | $0 | $0 |
| Rachel Hurt | Director Trustee or director | 1 | $0 | $0 | $0 |
| Tyler Janow | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| James D VanderSteeg | President & CEO Trustee or director | 1 | $0 | $2,762,691 | $352,568 |
| Patrick J Birmingham IV | VP of Philanthrophy Key employee | 8 | $0 | $267,424 | $39,832 |
| Kathy May-Martin | Director/Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Shohreh Nazzy Hashemian | Director/Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Jim Atchley | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mary Child | Director Trustee or director | 1 | $0 | $0 | $0 |
| Rob Del Moro | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mary E Dillon MD | Director/FSRMC Medical Dir Trustee or director | 1 | $0 | $0 | $0 |
| Marty Gibbs | Director Trustee or director | 1 | $0 | $0 | $0 |
| Charles Griffin | Director Trustee or director | 1 | $0 | $0 | $0 |
| Alan Hill | Director Trustee or director | 1 | $0 | $0 | $0 |
| Rachel Hurt | Director Trustee or director | 1 | $0 | $0 | $0 |
| Tyler Janow | Director Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1420 CENTERPOINT BLVD BLDG C, KNOXVILLE, TN 37932-1960
- Principal officer (990 for 2024)
- Marty Gibbs, 280 Ft Sanders West, Knoxville, TN 37922
- Signed the 990
- Joseph C Dolan, EVP/CFO
- Phone
- (865) 374-5329
Mission
Covenant Health Foundation raises and distributes funds in support of patient care, equipment, programs, services and staff not otherwise funded by Covenant Health and its affiliates. The Foundation's mission is to provide charitable support to further Covenant Health's mission to serve the community by improving the quality of life through better health.
Program accomplishments
- Patricia Neal Rehabilitation Hospitals & Outpatient Clinics:Distributions to support Patricia Neal therapy programs and services in 2024 were led by $850,000 to fund capital improvements and expansion at the outpatient therapy clinic in West Knoxville. Approximately $331,000 was distributed for patients in need of care who do not have insurance coverage or any other ability to pay for treatment, $26,400 for staff education and advanced certifications, $15,000 for the annual operating and equipment expenses of the Innovative Recreation Cooperative which provides adaptive sports and recreation opportunities throughout the community, as well as $6,000 in funding for several patient support groups and community brain injury and concussion education/prevention programs.Expenses $1,228,528 · grants $1,228,528
- Covenant HomeCare & Hospice:Donors to Covenant Health Foundation provide funding for a partnership between Covenant HomeCare and Knoxville Area Rescue Mission (KARM) to reduce frequent hospitalizations among the homeless community. In 2024, $214,776 was distributed to support that project which provides onsite medical care, clinic facilities, medication management and case management at the KARM shelter. Since opening in 2019, the program has served 330 patients. Following participation in these services, patients show a 40% reduction in emergency department visits and the avoidance of 13,116 inpatient hospitalization days. As a result of these shelter-based services, the patients at KARM are leading healthier lives. Another $34,214 was distributed to underwrite professional education opportunities for staff, fund membership in the National Hospice and Palliative Care organization, provide medical/hospice housing for indigent patients, provide patient education materials, fund grief counseling services, and conduct the annual memorial service for families of deceased Hospice patients.Covenant Hospice's annual Katerpillar Kids Camp programming continued to be funded by the Foundation in 2024. Approximately $45,700 was distributed to support free weekend day camp experiences and grief support for some 150 children who have experienced the death of a loved one. Approximately 250 parents, guardians, and siblings were also impacted by camp services. The annual camp provides grieving children and teens a safe, understanding environment to express their grief and learn that they are not alone in their grief journey.Expenses $294,690 · grants $294,690
- Patient & Employee Emergency Assistance :Each year funds are contributed, primarily through Covenant Health's annual WeCare Employee Giving Campaign, to assist employees and patients in times of crisis. Support includes assistance with housing, transportation, food, clothing, medicines/medical supplies, utilities, childcare, disaster recovery (employees affected by hurricane, tornado, flood, etc.), and unexpected funeral expenses. In 2024, assistance was distributed to assist 4,803 individuals at Claiborne Medical Center (14), Covenant parent company (110), Covenant HomeCare (150), Cumberland Medical Center (23), Fort Sanders Regional Medical Center (139), Fort Loudoun Medical Center (52), LeConte Medical Center (38), Methodist Medical Center (78), Morristown-Hamblen Healthcare System (29), Parkwest Medical Center (153), Peninsula (52), Roane Medical Center (24), and Thompson Cancer Survival Center (1,210).Expenses $290,572 · grants $290,572
- The Foundation supports a variety of other programs and services throughout Covenant Health. The most significant distributions in 2024, which were directed to the Covenant parent company, Peninsula behavioral health programs, Parkwest Medical Center, the Fellowship outpatient lodging program, Fort Sanders Regional Medical Center, Cumberland Medical Center, systemwide outpatient cardiac rehabilitation programs, the Fort Sanders Dept. of Nursing at Tennessee Wesleyan College, Fort Loudoun Medical Center, and Roane Medical Center are outlined below:In 2024, the Foundation supported the Covenant Health parent company by underwriting a $300,000 portion of the new vice president of philanthropy salary costs for the first year of that position. Some $140,000 in funds raised through the annual Artsclamation! fine art sale and other donations supported behavioral health care at Peninsula. Funds supported Peninsula's emergency room diversion project which places a team of behavioral specialists in Covenant Health emergency departments to assess patients who make repeated non-emergency visits to the emergency room. These specialists develop a personalized treatment plan for patients, proposing alternative options to visiting the ED and providing follow-up support and resources to these patients. Additional funds provided discharge medications to patients who need a supply of prescriptions when they leave the hospital to maintain their health until they are set up on TennCare or other payer sources for ongoing maintenance medications. Donations also supported the placement of behavioral health staff in Covenant HomeCare's onsite clinic at Knoxville Area Rescue Ministries (KARM) to provide counseling and case management services to those clients. Peninsula patients were supported with emergency funding assistance to help with necessary living expenses such as utilities, housing, medications and transportation.Distributions to Parkwest Medical Center of just over $40,000 supported advanced clinical education and training, as well as postpartum and newborn care educational materials for new parents. The Fellowship Outpatient Lodging Program, which is supported entirely by contributions, offers free hotel accommodations and transportation to treatment for patients and families coping with serious illnesses. The program primarily serves Thompson Cancer Survival Center patients and their families who live more than 30 miles from Knoxville. In 2024, $26,675 in distributions supported the program. The program housed 24 guests in 2024 providing 200 nights of free lodging. Approximately $18,500 was distributed to Fort Sanders Regional Medical Center, including funds to support perinatal center parents, cardiac rehab patients, the hospital's chaplaincy program, and an ethics gap needs assessment for staff.Just over $13,000 in donations were distributed to Cumberland Medical Center, primarily to provide cancer patient assistance and continuing clinical education.The Foundation receives grant funds annually from the Will Rogers Institute to support pulmonary rehabilitation across Covenant Health. The grant funds provide scholarships to assist outpatient pulmonary rehab patients without insurance coverage or the ability to pay. In 2024, approximately $8,300 in funding benefited 38 patients at Methodist, LeConte, and Fort Sanders Regional outpatient pulmonary rehabilitation clinics.Small distributions were also made to the Fort Sanders Dept. of Nursing at Tennessee Wesleyan College, Fort Loudoun Medical Center, and Roane Medical Center to support clinical education.Expenses $548,885 · grants $548,885
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
- 62-1748601
- 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
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E120)
- Assets (IRS master file)
- $18,411,285
- Income (IRS master file)
- $2,125,503
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,951,026 | $2,609,005 | $18,411,285 | IRS |
| 990 | December 2023 | $1,504,617 | $1,243,579 | $17,498,469 | XML |
| 990 | December 2022 | $1,833,770 | $1,291,711 | $15,615,561 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 62-1748601).
Questions about COVENANT HEALTH FOUNDATION
- What is the EIN of COVENANT HEALTH FOUNDATION?
- The employer identification number (EIN) of COVENANT HEALTH FOUNDATION is 62-1748601.
- Is COVENANT HEALTH FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to COVENANT HEALTH FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does COVENANT HEALTH FOUNDATION 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 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 COVENANT HEALTH FOUNDATION 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 FOUNDATION?
- The 990 for the year ended December 31, 2024 names Marty Gibbs.
- Who are the officers and directors of COVENANT HEALTH FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does COVENANT HEALTH FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,951,026, expenses of $2,609,005 and total assets of $18,411,285 at year end.
Other nonprofits in KNOXVILLE
- UNIVERSITY HEALTH SYSTEM INC EIN 31-1626179 · last filed 990 for 2024
- PARKWEST MEDICAL CENTER EIN 58-1897274 · last filed 990 for 2024
- FORT SANDERS REGIONAL MEDICAL CENTER EIN 62-0528340 · last filed 990 for 2024
- EAST TENNESSEE CHILDRENS HOSPITAL ASSOCIATION INC EIN 62-6002604 · last filed 990 for 2025
- COVENANT HEALTH EIN 62-1646734 · last filed 990 for 2024
- METHODIST MEDICAL CENTER EIN 62-0636239 · last filed 990 for 2024
- MORRISTOWN HAMBLEN HOSP EIN 62-0545814 · last filed 990 for 2024
- LECONTE MEDICAL CENTER EIN 62-1114867 · last filed 990 for 2024