COVANTAGE CARES FOUNDATION INC
ANTIGO, WI | Langlade County
Mission-Driven Bank or Credit Union
Overview
COVANTAGE CARES FOUNDATION INC
81-1056981
723 6TH AVE
ANTIGO, WI 54409
Langlade County
ANTIGO, WI 54409
Langlade County
Mission Statement
This nonprofit has not reported a mission statement.
CRA Category
- Mission-Driven Bank or Credit Union
Nonprofit location
- LMI Census Tract
- Opportunity Zone
Awards & Certifications
- CDFI Organization
- CDFI Award Recipient
Founded
Not reported
Total Employees
Not reported
Total Volunteers
Not reported
Nonprofit Classification (NTEE Code)
T30
T - Philanthropy, Voluntarism, and Grantmaking
Public Foundations
Organizations, sometimes referred to as public charities, that derive their funding or support primarily from the general public in carrying out their social, educational, religious or other charitable activities serving the common welfare. Although public foundations may provide direct charitable services to the public as other nonprofits do, their primary focus is on grantmaking.
IRS Activity Codes
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code)
813211
Grantmaking Foundations
CRA Alignment
CRA Category
Mission-Driven Bank or Credit Union
Bank or credit union that has been certified by the U.S. Treasury as a Community Development Financial Institution.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and
then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications
Community Development Financial Institution
Date Certified
2/13/2014
Native American CDFI
N
Financial Institution Type
Credit Union
Community Development Financial Institution Award Recipient
New Market Tax Credit Recipient
| Year | Amount | Program | Awardee Name |
| 2014 | $2,000,000 | CDFI Financial Assistance | CoVantage Credit Union |
| 2015 | $2,000,000 | CDFI Financial Assistance | CoVantage Credit Union |
| 2017 | $1,006,905 | CDFI Financial Assistance | CoVantage Credit Union |
| 2019 | $674,000 | CDFI Financial Assistance | CoVantage Credit Union |
| 2020 | $657,000 | CDFI Financial Assistance | CoVantage Credit Union |
| 2021 | $1,000,000 | CDFI Rapid Response Program (COVID-19) | CoVantage Credit Union |
| 2019 | $100,000 | Disability Funds Financial Assistance | CoVantage Credit Union |
Includes CDFI Fund awards granted between January 2013 and December 2023
HUD Counseling Agency
Low Income Housing Tax Credit Recipient
IRS Summary
Income
$862.6K
Revenue
$862.6K
Assets
$478.2K
IRS Business Master File Details
As of November 2022 Update
Exempt Ruling Date
2016-03
Deductibility Status
Deductible
Last Tax Filing
2021
Organization Type
Corporation
Organization Tax Filing Status
990 (all other) or 990EZ return
Foundation Tax Filing Status
990-PF not required by IRS
Affiliation Classification
Independent Organization
Basis for Foundation/Public Charity Status
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
IRS Publication 78 Details
As of April 2023
Verified in Publication 78
Yes
Deductibility Limitation
50% (60% for cash contributions)
Organization Description
A public charity
Nonprofit Location
Physical Address
723 6TH AVE
ANTIGO, WI 54409
Langlade County
ANTIGO, WI 54409
Langlade County
Area Type
Not in a Metropolitan or Micropolitan Statistical Area
FIPS Geocoded Address
NA
MSA/MD
55
State
067
County
9606.00
Tract
Moderate
Income Level
Core-Based Statistical Area
Not located in a CBSA.
Combined Statistical Area
Not located in a CSA.
Metropolitan Division
Not located in an MD.
Located In
Low- or Moderate-Income Census Tract
Opportunity Zone
Majority Minority Census Tract
10.67%
FFIEC Designated Distressed Census Tract
FFIEC Underserved Census Tract
Market Data
| Census Tract | County | |
|---|---|---|
| 9606.00 | Langlade County | |
| Population | ||
| Total Population | 4,450 | 19,469 |
| Total Households | 1,894 | 8,404 |
| Income | ||
| Median Family Income (Census*) | $56,250 | $53,313 |
| Median Family Income (2022 FFIEC est.) | $81,500 | $81,500 |
| Tract Income Percentage | 78.4% | N/A |
| Below Poverty Level | 17.0% | 13.3% |
| Unemployment Level | 4.0% | 5.7% |
| Housing | ||
| Total Housing Units | 2,191 | 12,196 |
| Total Owner-Occupied Units | 57.1% | 77.4% |
| Total Renter-Occupied Units | 29.3% | 22.6% |
| Total Vacant Units | 13.6% | 10.6% |
* Census tract income based on 2020 Census estimated data; County income based on 2021 American Community Survey data.
Management
5
Total Voting Members
in Governing Body
in Governing Body
2
Independent Voting Members
in Governing Body
in Governing Body
Tax Filing Signatory
Douglas Anderson
Treasurer
(715) 627-4336
Treasurer
(715) 627-4336
Principal Officer
Douglas Anderson
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations
"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.
This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.
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