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CHARITY REVIEW
Issued: May 2025 Expires: May 2027

Covered Corporation

Standards Not Met
Standards Not Met
1 11
(720) 674-3633
Post Office Box 462393
Aurora, CO, 80046
https://coveredcolorado.org/
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Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Covered Corporation does not meet the following 2 Standards for Charity Accountability:

Standard 1 (Oversight of Operations and Staff)
Organizations shall have a board of directors that provides adequate oversight of the charity's operations and its staff. Indication of adequate oversight includes, but is not limited to, regularly scheduled appraisals of the CEO's performance, evidence of disbursement controls such as board approval of the budget, fund raising practices, establishment of a conflict of interest policy, and establishment of accounting procedures sufficient to safeguard charity finances.

Covered Corporation does not meet this Standard because:

  • The board does not review the organization's IRS Form 990 prior to filing.

Standard 11 (Financial Statements)
Make available to all, on request, complete annual financial statements prepared in accordance with generally accepted accounting principles. When total annual gross income exceeds $1 million, these statements should be audited in accordance with generally accepted auditing standards. For charities whose annual gross income is less than $1 million, a review by a certified public accountant is sufficient to meet this standard. For charities whose annual gross income is less than $250,000, an internally produced, complete financial statement is sufficient to meet this standard.

Covered Corporation does not meet this Standard because:

  • The organization states it does not have financial statements that were reviewed by a certified public accountant (CPA).

Covered Corporation meets the remaining 18 Standards for Charity Accountability.

Stated Purpose:
"to empower survivors of sex trafficking with the hope that leads to physical. mental, emotional and spiritual healing."

Year, State Incorporated:
2017, CO

Also Known As:
Covered Colorado

Covered Corporation reports that it works to empower sex trafficking survivors toward healing and self-sufficiency. The organization states its Crisis Coordination program delivers immediate and safe refuge for survivors fleeing trafficking. The organization’s Crisis House works to offer survivors a secure place to meet their immediate needs, including food, shelter, and clothing, while granting a moment to process their situation and plan next steps. Covered Corporation’s Covered House program is a residential program for women ages 18 and over, which provides basic needs, counseling, life skills, job readiness training, and coaching to navigate finances, employment, and relational skills for up to 2 years. In 2023, the organization reports that it provided 1,069 safe nights of sleep, facilitated 278 hours of counseling, and received 224 crisis calls.

For the year ended June 30, 2024, Covered Corporation's program expenses were:

Program services: $478,061

Total Program Expenses: $478,061

Chief Executive
Johanna Spille, Executive Director

Compensation*
$81,673

Chair of the Board
Josh Duncan

Chair's Profession / Business Affiliation
Executive Director, Triad

Board Size
6

Paid Staff Size
9

*2023 compensation, as reported by the organization, includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:
Grant proposals, Internet, Direct mail appeals, Radio

Fundraising costs were 9% of related contributions. (Related contributions, which totaled $750,320, are donations received as a result of fundraising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Covered Corporation's audited financial statements for the year ended June 30, 2024.

Source of Funds
Contributions $750,320
Investment income $16,843
Total Income $767,163

Programs: 81% Fundraising: 12% Administrative: 7%

Total Income $767,163
Total expenses: $590,341
  Program expenses $478,061
  Fundraising expenses $70,544
  Administrative expenses $41,736
  Other expenses $0
Income in Excess of Expenses $176,822
Beginning Net Assets $474,128
Other Changes In Net Assets $0
Ending Net Assets $650,950
Total Liabilities $1,432
Total Assets $652,382

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

RELATED CONTENT

Report completed by:
BBB Wise Giving Alliance