Nonprofit · EIN 87-4052507
COVENANT ADVISERS FUND
Tax-exempt · WILMINGTON, DE 19809
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $686,267 | $375,635 | $310,632 | $7,009,328 | $0 | $7,009,328 |
| December 31, 2023 | 990-PF | $2,138,828 | $225,572 | $1,913,256 | $6,699,652 | $956 | $6,698,696 |
| December 31, 2022 | 990-PF | $806,679 | $109,730 | $696,949 | $4,787,698 | $2,259 | $4,785,439 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $300,000
- Interest
- $20,027
- Other income
- $366,240
Expenses
- Grants and similar amounts paid
- $188,505
- Compensation of officers, directors and key employees
- $75,000
- Disbursements for charitable purposes
- $336,028
- Excise tax on investment income
- $5,096
Balance sheet and other
- Total assets, start of year
- $6,699,652
- Total assets, end of year
- $7,009,328
- Total liabilities, end of year
- $0
- Net assets, end of year
- $7,009,328
- Fair market value of assets
- $7,032,890
- Qualifying distributions
- $336,028
- Net investment income
- $386,267
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 |
|---|---|---|---|
| Timothy Joel Yarbrough Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Pres, Sec, Treas | 30 | $75,000 |
| Eliyan Petkov Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir | 1 | $0 |
| Velin Krassimirov Tzanov Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Timothy Joel Yarbrough Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Pres, Sec, Treas | 20 | $75,000 |
| Eliyan Petkov Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir | 1 | $0 |
| Velin Krassimirov Tzanov Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir | 1 | $0 |
990-PF for the year ended December 31, 2022: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Timothy Joel Yarbrough Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Pres, Sec, Treas | 20 | $50,000 |
| Eliyan Petkov Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir | 1 | $0 |
| Velin Krassimirov Tzanov Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir | 1 | $0 |
Address and contacts
- Address (IRS master file)
- FOUNDATION SOURCE 501 SILVERSIDE RD, WILMINGTON, DE 19809-0000
- In care of
- % FOUNDATION SOURCE
- Signed the 990-PF
- Timothy Yarbrough, President
- Phone
- (800) 839-1754
- Return prepared by
- Foundation Source
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
- 87-4052507
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $7,009,328
- Income (IRS master file)
- $686,267
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $686,267 | $375,635 | $7,009,328 | XML |
| 990-PF | December 2023 | $2,138,828 | $225,572 | $6,699,652 | XML |
| 990-PF | December 2022 | $806,679 | $109,730 | $4,787,698 | XML |
| 990-PF | December 2021 | – | – | – | 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 87-4052507).
Questions about COVENANT ADVISERS FUND
- What is the EIN of COVENANT ADVISERS FUND?
- The employer identification number (EIN) of COVENANT ADVISERS FUND is 87-4052507.
- Is COVENANT ADVISERS FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to COVENANT ADVISERS FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does COVENANT ADVISERS FUND file?
- Form 990-PF. Private foundations file every year.
- When is the next return of COVENANT ADVISERS FUND 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 ADVISERS FUND 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 COVENANT ADVISERS FUND?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $75,000 (Timothy Joel Yarbrough, Dir, Pres, Sec, Treas).
- How much revenue does COVENANT ADVISERS FUND have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $686,267, expenses of $375,635 and total assets of $7,009,328 at year end.
Other nonprofits in WILMINGTON
- SHELBY CULLOM DAVIS CHARITABLE FUND INC EIN 20-3734688 · last filed 990-PF for 2024
- FEIGIN FOUNDATION EIN 33-6443165 · last filed 990-PF for 2025
- SMILOW FOUNDATION INC EIN 92-1388481 · last filed 990-PF for 2024
- AMERICAN GIFT FUND EIN 51-6506426 · last filed 990 for 2024
- JOHN & TAMI MARICK FOUNDATION INC EIN 46-2345457 · last filed 990-PF for 2024
- ESSEX AVENUE FOUNDATION EIN 85-1891431 · last filed 990-PF for 2024
- THE GRATEFUL LIVES FOUNDATION EIN 32-6402383 · last filed 990 for 2024
- DELAWARE COMMUNITY FOUNDATION EIN 22-2804785 · last filed 990 for 2025
All nonprofits in WILMINGTON · Delaware · Philanthropy, voluntarism and grantmaking foundations