Covenant Theological Seminary

Nonprofit profile at a glance

EIN
562278236
IRS 990-EZ coverage
2024–2024
Forms available
Form 990 2019, Form 990-EZ 2024, Form 990-N 2023
Location
Greenville, NC, USA
Phone
2253552888
Rating confidence
Limited
Affiliation
Christianity

Official website

Reported finances

Revenue
$100,484
Expenses
$72,158
Assets
$28,326

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Erin F Dove (President)
  • William Dove Jr (Vice President)

People named in this filing

  • Erin F Dove (President)
  • Ray Leach (Director)
  • William Dove Jr (Vice President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To Train adults in the ministry of the church. To establish a mission department of missionaries & receive monies for such. To grant degrees, honorary degrees, & reissue diplomas to those who earned them. To give credit to those who accumulate data in their work of travel, literature, art, teaching & writing sturdies. To establish new schools to do the same. To own property to further ministries and to have seminars for credits or as audits.

What it reported doing in 2024

To train adults in the ministry of the church. To establish a mission department of missionaries & receive monies for such. To grant degrees, honorary degrees & reissue diplomas to those who earned them. To give credit to those who accumulate data in their work of travel, literature, art, teaching & writing studies. To establish new schools to do the same. To won property to further ministries & to have seminars for credits or as audits.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Sustainability: 55
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 28.2%; rating input score 82; 82nd percentile among comparable filings
  • Total-asset coverage ratio: 0.39; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 5.9% per year; rating input score 100; 52nd percentile among comparable filings
  • Asset growth: 28.2% per year; rating input score 100; 87th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.