Civic Intelligence

Dunamis Academy

990 • Fiscal year 2015 • EIN 26-4162224

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 01, 2016

Organization Profilewww.covenantacademy.org
210 Spence StKerrville, TX 78028

(830) 896-9606

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.46x

Higher debt load relative to assets than 82% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

58th percentile

0.07x

Higher debt load relative to revenue than 58% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

42nd percentile

0.5%

Higher net margin than 42% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

66th percentile

$50,000

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Balance Sheet
Liabilities / Assets82nd percentile

Assets

$104,035

No earlier filing loaded for comparison.

Net Assets

$56,248

No earlier filing loaded for comparison.

Liabilities

$47,787

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin42nd percentile

Revenue

$678,208

No earlier filing loaded for comparison.

Expenses

$674,875

No earlier filing loaded for comparison.

Net Income

$3,333

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$200K$0-$200KAssets 2015: $104,035Liabilities 2015: $47,787Net Assets 2015: $56,2482015Assets 2016: $117,333Liabilities 2016: $97,442Net Assets 2016: $19,8912016Assets 2017: $350,275Liabilities 2017: $392,864Net Assets 2017: -$42,5892017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2015

Assets$104,035
Liabilities$47,787
Net Assets$56,248
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2015: $678,208Expenses 2015: $674,875Net Income 2015: $3,3332015Revenue 2016: $595,375Expenses 2016: $631,678Net Income 2016: -$36,3032016Revenue 2017: $621,136Expenses 2017: $683,617Net Income 2017: -$62,4812017Revenue 2018: $39,740Expenses 2018: $47,462Net Income 2018: -$7,7222018

Highlighted filing

2015

Revenue$678,208
Expenses$674,875
Net Income$3,333
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 1, 2016
Return Version
2014v6.0
Gross Receipts
$682,751
Mission and Program Overview

Mission

Covenant academy equips and inspires authentic

Covenant academy equips and inspires authentic leaders for christ by operating a private christian elementary school preschool - 7th grade

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$90,069$70,097▼ $19,972
Land, Buildings, and Equipment, Net$35,703$29,949▼ $5,754
Accounts Receivable$4,671$3,949▼ $722
Total Assets$130,443$104,035▼ $26,408
Other Assets Total-$40-
Liabilities
Deferred Revenue$24,626$39,179▲ $14,553
Accounts Payable and Accrued Expenses$52,902$8,608▼ $44,294
Total Liabilities$77,528$47,787▼ $29,741
Net Assets / Fund Balance
Unrestricted Net Assets$52,915$56,248▲ $3,333
Total Net Assets Fund Balance$52,915$56,248▲ $3,333
Total Liabilities and Net Assets / Fund Balance$130,443$104,035▼ $26,408

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$19,112$8,962$28,074
Leasehold Improvements$10,837$1,469$12,306
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Judy CarpenterHead of SchoolFT$50,000$50,000

Board Members and Trustees

NameTitle
Jason WaldripPresident
Trent DiciccoDirector
Heath GregoryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$86,112
Program Service Revenue
$560,409
Investment Income
$24
Other Revenue
$31,663
All Other Contributions
$86,112
Change in Net Assets
$3,333
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$470,826
Other Expenses$204,049
Total Fundraising Expense$5,450
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$340,976$40,687-$381,663
Occupancy$60,062$6,674-$66,736
Current Officers, Directors, Trustees, and Key Employees$20,000$25,000$5,000$50,000
Payroll Taxes$32,801$5,912$450$39,163
Other Expenses$25,173--$25,173
All Other Expenses$16,580--$16,580
Fees for Services Accounting-$12,672-$12,672
Insurance$10,940$1,216-$12,156
Office Expenses$8,024$892-$8,916
Depreciation Depletion$5,754--$5,754
Advertising$518--$518
Travel$225--$225
Conferences and Meetings$200--$200
Total Functional Expenses$576,372$93,053$5,450$674,875
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$23,335
Fundraising Direct Expenses$3,523
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising events$23,335$23,335$3,523$19,812
Total Events$23,335$23,335$3,523$19,812
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11A

“Acopy of the form 990 is presented to the Board for review before filing.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy is distributed to all Board members annually. If any Board member is voting on an item that is related to an item they have stated on the conflict of interest policy, they abstain from the vote.”

Form 990, Part VI, Section B, Line 15

“An annual review is completed by the Board for the Head of the School.”

Form 990, Part VI, Section C, Line 19

“The form 990 is available upon request from the office of Covenant Academy. Copies of the governing documents and policies are also available upon request.”

Filing and Contact Details

Filer

Filer Name
Dunamis Academy
EIN
26-4162224
Phone
8308969606
Address
210 SPENCE ST, KERRVILLE, TX 78028
Doing Business As
Covenant Academy

Signing Officer

Name
Heath Gregory
Title
Treasurer
Signed
2016-01-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Judy Carpenter
Formed
2008
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
30

Preparer

Firm
Gregory R Seibert CPA
Address
222 Sidney Baker S Ste 350, Kerrville, TX 78028
Preparer
Gregory R Seibert
Phone
8302575900
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Acopy of the form 990 is presented to the Board for review before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The conflict of interest policy is distributed to all Board members annually. If any Board member is voting on an item that is related to an item they have stated on the conflict of interest policy, they abstain from the vote.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2An annual review is completed by the Board for the Head of the School.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The form 990 is available upon request from the office of Covenant Academy. Copies of the governing documents and policies are also available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0130443
IRS990/TotalAssetsEOYAmt0104035
IRS990/TotalAssetsGrp/BOYAmt0130443
IRS990/TotalAssetsGrp/EOYAmt0104035
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt086112
IRS990/TotalEmployeeCnt030
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05450
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt093053
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0576372
IRS990/TotalFunctionalExpensesGrp/TotalAmt0674875
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt077528
IRS990/TotalLiabilitiesEOYAmt047787
IRS990/TotalLiabilitiesGrp/BOYAmt077528
IRS990/TotalLiabilitiesGrp/EOYAmt047787
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt052915
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt056248
IRS990/TotalProgramServiceExpensesAmt0576372
IRS990/TotalProgramServiceRevenueAmt0560409
IRS990/TotalReportableCompFromOrgAmt050000
IRS990/TotalRevenueGrp/ExclusionAmt024
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0564650
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0678208
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0130443
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0104035
IRS990/TravelGrp/ProgramServicesAmt0225
IRS990/TravelGrp/TotalAmt0225
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt052915
IRS990/UnrestrictedNetAssetsGrp/EOYAmt056248
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0210 SPENCE ST
IRS990/USAddress/CityNm0KERRVILLE
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078028
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.covenantacademy.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HEATH GREGORY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DUNAMIS ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0DUNA
ReturnHeader/Filer/EIN0264162224
ReturnHeader/Filer/PhoneNum08308969606
ReturnHeader/Filer/USAddress/AddressLine1Txt0210 SPENCE ST
ReturnHeader/Filer/USAddress/CityNm0KERRVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078028
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Gregory R Seibert CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0222 Sidney Baker S Ste 350
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Kerrville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078028
ReturnHeader/PreparerPersonGrp/PhoneNum08302575900
ReturnHeader/PreparerPersonGrp/PreparationDt02015-12-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Gregory R Seibert
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-01-29T04:01:32-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$104,035
Liabilities
$47,787
Net assets
$56,248
Revenue
$678,208
Expenses
$674,875
Net income
$3,333
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.40$0.47$0.08
2017Detailed filing. Detailed filing data is available for this year.$3.50$3.93$0.43$6.21$6.84$0.62
2016Detailed filing. Detailed filing data is available for this year.$1.17$0.97$0.20$5.95$6.32$0.36
2015Detailed filing. Detailed filing data is available for this year.$1.04$0.48$0.56$6.78$6.75$0.03