Nonprofit · EIN 47-5067002
COVALENT FOUNDATION
Tax-exempt · RESTON, VA 20191
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $106,911 | $1,057,566 | -$950,655 | $3,893,827 | $0 | $3,893,827 |
| December 31, 2024 | 990-PF | $818,679 | $1,267,945 | -$449,266 | $4,844,482 | $0 | $4,844,482 |
| December 31, 2023 | 990-PF | $1,950,043 | $1,721,040 | $229,003 | $5,293,748 | $0 | $5,293,748 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $95,514
- Net gain from sales of assets
- $11,397
Expenses
- Grants and similar amounts paid
- $913,086
- Compensation of officers, directors and key employees
- $6,000
- Disbursements for charitable purposes
- $975,483
- Excise tax on investment income
- $647
Balance sheet and other
- Total assets, start of year
- $4,844,482
- Total assets, end of year
- $3,893,827
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,893,827
- Fair market value of assets
- $4,257,212
- Qualifying distributions
- $975,483
- Net investment income
- $106,911
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JULIA C MCKENZIE 12030 SUNRISE VALLEY DRIVE SUITE, 450, RESTON, VA 20191 | SECRETARY/VP | 30 | $6,000 | $17,706 |
| MARK W MCKENZIE 12030 SUNRISE VALLEY DRIVE SUITE, 450, RESTON, VA 20191 | PRESIDENT | 1 | $0 | $0 |
| JESSICA L ZIEHR 12030 SUNRISE VALLEY DRIVE SUITE, 450, RESTON, VA 20191 | TREASURER/VP | 1 | $0 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JULIA C MCKENZIE 12030 SUNRISE VALLEY DRIVE SUITE, 450, RESTON, VA 20191 | VP/DIRECTOR | 30 | $65,077 | $17,423 |
| MARK MCKENZIE 12030 SUNRISE VALLEY DRIVE SUITE, 450, RESTON, VA 20191 | PRESIDENT/DIRECTOR | 1 | $0 | $0 |
| JESSICA L ZIEHR 12030 SUNRISE VALLEY DRIVE SUITE, 450, RESTON, VA 20191 | VP/DIRECTOR | 1 | $0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JULIA C MCKENZIE 12030 SUNRISE VALLEY DRIVE SUITE, 450, RESTON, VA 20191 | VP/DIRECTOR | 30 | $90,000 | $15,476 |
| JESSICA L ZIEHR 12030 SUNRISE VALLEY DRIVE SUITE, 450, RESTON, VA 20191 | VP/DIRECTOR | 30 | $54,615 | $1,385 |
| MARK MCKENZIE 12030 SUNRISE VALLEY DRIVE SUITE, 450, RESTON, VA 20191 | PRESIDENT/DIRECTOR | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 12030 SUNRISE VALLEY DR STE 450, RESTON, VA 20191-3400
- In care of
- % ELLEN FISHBEIN
- Signed the 990-PF
- MARK MCKENZIE, PRESIDENT
- Phone
- (703) 437-9720
- Website
- WWW.COVALENT.ORG
- Return prepared by
- GORFINE SCHILLER & GARDYN PA
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 | 990-PF 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
- 47-5067002
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $3,893,827
- Income (IRS master file)
- $5,352,425
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $106,911 | $1,057,566 | $3,893,827 | XML |
| 990-PF | December 2024 | $818,679 | $1,267,945 | $4,844,482 | IRS |
| 990-PF | December 2023 | $1,950,043 | $1,721,040 | $5,293,748 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | 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 47-5067002).
Questions about COVALENT FOUNDATION
- What is the EIN of COVALENT FOUNDATION?
- The employer identification number (EIN) of COVALENT FOUNDATION is 47-5067002.
- Is COVALENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to COVALENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does COVALENT FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of COVALENT FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COVALENT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of COVALENT FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 1 received compensation from the organization, the highest $6,000 (JULIA C MCKENZIE, SECRETARY/VP).
- How much revenue does COVALENT FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $106,911, expenses of $1,057,566 and total assets of $3,893,827 at year end.
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All nonprofits in RESTON · Virginia · Philanthropy, voluntarism and grantmaking foundations