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Filing year 2024

THE COVALENT FOUNDATION

Reston, Virginia·EIN 47-5067002·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$819k
Total assets
$4.8M
Total expenses
$1.3M
Reported officers
3

Executive compensation

Form 990-PF · Part VIII · 1 reported individual · Filing year 2024

Vp/director
Unclassified
$65k
$69k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 2 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at THE COVALENT FOUNDATION equaled 5% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
5%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$1.1M

Itemized grants

6

Median grant

$75k

RecipientLocationPurposeAmount
ASCENSION SETON FOUNDATIONAUSTIN, TXCENTRAL TEXAS COMMUNITY HEALTH CENTERS AND HUMAN TRAFFICKING PREVENTION HUB$700k
DELL CHILDREN'S MEDICAL CENTER FOUNDATIONAUSTIN, TXSUPPORT THE MATERNAL FETAL MEDICINE PROGRAM$147k
TEXAS ADVOCACY PROJECT (TAP)AUSTIN, TXGENERAL SUPPORT$100k
COURT APPOINTED SPECIAL ADVOCATES (CASA) OF TRAVIS COUNTYAUSTIN, TXIMPROVE DATA MANAGEMENT SYSTEM AND CAPABILITIES$50k
BREAKTHROUGH T1DNEW YORK, NYSUPPORT JDRF OUTREACH TO LATINX COMMUNITIES IN CENTRAL TEXAS AND PSYCHOSOCIAL RESEARCH IN CENTRAL TEXAS.$50k
RANGERACE CONSTRUCTION CAMP FOUNDATIONRESTON, VAGENERAL SUPPORT$11k
Compare this foundation's grantees

Down 28%
from 2023

From $90k in 2023 to $65k in 2024.

$90k
2023
$65k
2024
In today's dollarsEst.
Down 30% in real terms$99k to $69k

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE COVALENT FOUNDATION

What are THE COVALENT FOUNDATION's revenue and expenses?

In 2024, THE COVALENT FOUNDATION reported $819k in total revenue and $1.3M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.