CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.
Any time an Analysts' Note refers to a charity's Audited Financial Statements or IRS tax form, CharityWatch encourages interested donors to obtain a copy of the referenced documents so that they may view the information in context. Please contact the charity directly to request a copy of any referenced document. Charity tax forms and audits may also be obtained from a number of online databases. For a list of sources, please visit our LINKS page.
|CharityWatch's rating of Covenant House and Affiliates includes the financial activities of the organizations included in its Consolidated Audit for the fiscal year-ended 6/30/2014. |
According to audit Note 1, Organization, Corporate Structure:
"Covenant House (Parent) is the sole member of the following not-for-profit affiliates:
Covenant House Alaska
Covenant House California
Covenant House Florida
Covenant House Georgia
Covenant House Michigan
Covenant House Missouri
Covenant House New Jersey
Covenant House New Orleans
Covenant House Pennsylvania / Under 21
Covenant House Texas
Covenant House Washington D.C.
Covenant House Western Avenue
Covenant House Testamentum
Covenant House New York / Under 21
Covenant House Holdings, LLC*
In addition, Covenant House (Parent) is the sole member of Covenant International Foundation ("CIF"), a not-for-profit corporation, and Covenant House (Parent) together with CIF, represent the controlling interest of the following international not-for-profit affiliates:
Asociacion La Alianza (Guatemala)
Casa Alianza de Honduras
Casa Alianza Internacional
Asociacion Casa Alianza Nicaragua
Covenant House Toronto
Covenant House Vancouver
Fundacion Casa Alianza Mexico, I.A.P.
Covenant House (Parent) is the founder of Fundacion Casa Alianza Mexico, I.A.P.
*A new nonprofit organization, Covenant House Holdings, LLC, was established in Alaska during fiscal 2012 to hold title for the new Alaska Property and commenced operations in fiscal 2013."
Whenever practicable, CharityWatch obtains consolidated audited financial statements that include all of the entities of a charity. Such an audit eliminates related party transactions among related groups, and allows us to determine how efficiently an organization is operating on the whole.
For more information on this topic, please see our section on Treatment of Related Organizations, which can be found on the Criteria & Methodology tab under the "About Us" navigation header.