Civic Intelligence

Covenant Classical School

990 • Fiscal year 2022 • EIN 27-1802630

Jul 01, 2021 to Jun 30, 2022 • Filed on Dec 20, 2022

Organization ProfileWWW.COVENANTCLASSICALSCHOOL.ORG

View Organization Page

1571 Oswego RoadNaperville, IL 60540

(630) 983-7500

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.43x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

72nd percentile

0.30x

Higher debt load relative to revenue than 72% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

30th percentile

-2.3%

Higher net margin than 30% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

85th percentile

$155,980

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 9.9% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

21st percentile

-9.3%

Faster asset growth than 21% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

26th percentile

-11%

Faster revenue growth than 26% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$1,076,120

Down $110,252 (-9.3%) from 2021

Net Assets

Down

$609,081

Down $37,015 (-5.7%) from 2021

Liabilities

Down

$467,039

Down $73,237 (-14%) from 2021

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin30th percentile

Revenue

Down

$1,579,941

Down $192,541 (-11%) from 2021

Expenses

Up

$1,616,956

Up $146,407 (+10.0%) from 2021

Net Income

Down

-$37,015

Down $338,948 (-112%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$1.5M$1.0M$500K$0Assets 2017: $185,148Liabilities 2017: $109,372Net Assets 2017: $75,7762017Assets 2018: $216,027Liabilities 2018: $121,510Net Assets 2018: $94,5172018Assets 2019: $260,328Liabilities 2019: $112,830Net Assets 2019: $147,4982019Assets 2020: $450,379Liabilities 2020: $106,216Net Assets 2020: $344,1632020Assets 2021: $1,186,372Liabilities 2021: $540,276Net Assets 2021: $646,0962021Assets 2022: $1,076,120Liabilities 2022: $467,039Net Assets 2022: $609,0812022Assets 2023: $1,483,932Liabilities 2023: $894,859Net Assets 2023: $589,0732023Assets 2024: $1,240,720Liabilities 2024: $688,006Net Assets 2024: $552,7142024

Highlighted filing

2022

Assets$1,076,120
Liabilities$467,039
Net Assets$609,081
Open 2022 Filing

Operations Trend

Revenue Growth26th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2017: $1,325,543Expenses 2017: $1,292,158Net Income 2017: $33,3852017Revenue 2018: $1,372,410Expenses 2018: $1,353,669Net Income 2018: $18,7412018Revenue 2019: $1,498,549Expenses 2019: $1,434,015Net Income 2019: $64,5342019Revenue 2020: $1,704,061Expenses 2020: $1,507,396Net Income 2020: $196,6652020Revenue 2021: $1,772,482Expenses 2021: $1,470,549Net Income 2021: $301,9332021Revenue 2022: $1,579,941Expenses 2022: $1,616,956Net Income 2022: -$37,0152022Revenue 2023: $1,609,842Expenses 2023: $1,629,850Net Income 2023: -$20,0082023Revenue 2024: $1,619,873Expenses 2024: $1,656,232Net Income 2024: -$36,3592024

Highlighted filing

2022

Revenue$1,579,941
Expenses$1,616,956
Net Income-$37,015
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Dec 20, 2022
Return Version
2021v4.2
Gross Receipts
$1,590,606
Mission and Program Overview

Mission

To provide an excellent education in the classical tradition that honors jesus christ as the beginning and end of all truth.

To provide a classical christian based education to children in grades kindergarten through twelfth grade

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,035,205$976,651▼ $58,554
Cash and Non-Interest-Bearing Accounts$94,211$46,455▼ $47,756
Land, Buildings, and Equipment, Net$32,141$22,989▼ $9,152
Prepaid Expenses and Deferred Charges$15,683$17,525▲ $1,842
Accounts Receivable$1,410$0▼ $1,410
Total Assets$1,186,372$1,076,120▼ $110,252
Other Assets Total$7,722$12,500▲ $4,778
Liabilities
Deferred Revenue$491,154$414,932▼ $76,222
Accounts Payable and Accrued Expenses$49,122$52,107▲ $2,985
Total Liabilities$540,276$467,039▼ $73,237
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$646,096$609,081▼ $37,015
Total Net Assets Fund Balance$646,096$609,081▼ $37,015
Total Liabilities and Net Assets / Fund Balance$1,186,372$1,076,120▼ $110,252

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,042$126,014$132,056
Equipment$8,606$64,105$72,711
Leasehold Improvements$8,341$6,379$14,720
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tom StonerHead of SchoolFT$133,616$22,364$155,980

Board Members and Trustees

NameTitle
Mitch BackesChairman
Ashley Ce WuDirector
Nancy ThomasDirector
Rebecca LarsonDirector
Vince BacoteDirector
Caroline JonesSecretary
Tim BealertTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$252,080
Program Service Revenue
$1,325,987
Investment Income
$257
Other Revenue
$1,617
All Other Contributions
$224,412
Change in Net Assets
$-37,015

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,490,807
Revenue Not Reported on Financial Statements
$89,134
Revenue Not Reported on Form 990
$365
Other Revenue Adjustments
$89,134
Total Revenue per Audited Statements
$1,491,172
Total Revenue per Form 990
$1,579,941
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,162,378
Other Expenses$365,444
Grants and Similar Amounts Paid$89,134
Total Fundraising Expense$68,836
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$580,041$207,830$45,701$833,572
Occupancy$169,138$37,161$6,558$212,857
Current Officers, Directors, Trustees, and Key Employees$101,387$54,593-$155,980
Grants to Domestic Individuals$89,134--$89,134
Other Employee Benefits$59,414$22,562$3,959$85,935
Payroll Taxes$49,589$19,024$3,357$71,970
Office Expenses$3,532$21,531-$25,063
Fees for Services Other-$18,737-$18,737
Advertising-$8,895$9,261$18,156
Pension Plan Contributions$10,461$4,460-$14,921
Depreciation Depletion$9,152--$9,152
Fees for Services Accounting-$7,000-$7,000
Insurance-$4,139-$4,139
Other Expenses$65,689$215-$215
Total Functional Expenses$1,137,537$410,583$68,836$1,616,956

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,616,956
Total Expenses per Audited Statements$1,528,187
Expenses per Audited Statements$1,527,822
Expenses Not Reported on Financial Statements$89,134
Other Expense Adjustments$89,134
Expenses Not Reported on Form 990$365
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$10,665
Fundraising Gross Income$10,435
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
School Fundraising$38,103$10,435-$10,435
Total Events$38,103$10,435$10,665$-230
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Membership of the school shall consist of the parents or guardians of all duly enrolled students ("member family"); and school administrators, faculty, and staff ("school member").”

Form 990, Part VI, Section A, Line 7A

“Trustees are appointed to the board by a majority vote of the board. However, trustees may be reappointed to serve conescutive terms, with a majority vote of the board and the ratification of the member families.”

Form 990, Part VI, Section A, Line 7B

“At all meetings each member family and each school member shall have one (1) vote on each matter submitted to a vote of the members, provided that s/he is a member at least fourteen (14) days prior to the call of or date of any regular meeting, or five (5) days prior to the notice of any special meeting. Any member considered both a member family and school member shall vote only as a member family having one vote only.”

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

“Board of directors review returns”

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

“Reviewed annually by board of directors”

Form 990, Part VI, Section B, Line 15

“Board of directors approve compensation amounts”

Form 990, Part VI, Section C, Line 19

“All governing documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Covenant Classical School
EIN
27-1802630
Phone
6309837500
Address
1571 OSWEGO ROAD, NAPERVILLE, IL 60540

Signing Officer

Name
Tim Bealert
Title
Co-chairperson
Phone
6309837500
Signed
2022-12-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Bealert
Formed
2010
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
28
Volunteers
0

Preparer

Firm
DUGAN & LOPATKA CPA'S PC
Address
4320 WINFIELD ROAD SUITE 450, WARRENVILLE, IL 60555-4036
Preparer
Ron Marklund
Phone
6306654440
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Tuition management: program service expenses 0. Management and general expenses 8,986. Fundraising expenses 0. Total expenses 8,986. Payroll management: program service expenses 0. Management and general expenses 3,818. Fundraising expenses 0. Total expenses 3,818. Other professional fees: program service expenses 0. Management and general expenses 5,933. Fundraising expenses 0. Total expenses 5,933.”

FORM 990, PART XII, LINE 2C:

“The process has not changed from previous years”

Financial Statement Notes

PART X, LINE 2:

“The covenant classical school is a not-for-profit organization and is exempt from income taxes under section 501 (c)(3) of the internal revenue code and applicable state income tax regulations. Therefore, no provisions for federal and state income taxes have been made. There was no unrelated business income during the year ended june 30, 2022. The organization's forms 990, return of organization exempt from income tax, for the years ending 2019, 2020, and 2021 are subject to examination by the irs, generally for three years after they are filed.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“SPECIAL EVENTS 365.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“SCHOLARSHIPS 89,134.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“SPECIAL EVENTS 365.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“SCHOLARSHIPS 89,134.”

Raw XML AppendixShowing 400 of 503 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt049122
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt052107
IRS990/AccountsReceivableGrp/BOYAmt01410
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE A CLASSICAL CHRISTIAN BASED EDUCATION TO CHILDREN IN GRADES KINDERGARTEN THROUGH TWELFTH GRADE
IRS990/AddressChangeInd0X
IRS990/AdvertisingGrp/FundraisingAmt09261
IRS990/AdvertisingGrp/ManagementAndGeneralAmt08895
IRS990/AdvertisingGrp/TotalAmt018156
IRS990/AllOtherContributionsAmt0224412
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0LILAH HOUEYE
IRS990/BooksInCareOfDetail/PhoneNum06309837500
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01571 OSWEGO ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0NAPERVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060560
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt094211
IRS990/CashNonInterestBearingGrp/EOYAmt046455
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt054593
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0101387
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0155980
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt027668
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0252080
IRS990/CYGrantsAndSimilarPaidAmt089134
IRS990/CYInvestmentIncomeAmt0257
IRS990/CYOtherExpensesAmt0365444
IRS990/CYOtherRevenueAmt01617
IRS990/CYProgramServiceRevenueAmt01325987
IRS990/CYRevenuesLessExpensesAmt0-37015
IRS990/CYSalariesCompEmpBnftPaidAmt01162378
IRS990/CYTotalExpensesAmt01616956
IRS990/CYTotalFundraisingExpenseAmt068836
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01579941
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0491154
IRS990/DeferredRevenueGrp/EOYAmt0414932
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt09152
IRS990/DepreciationDepletionGrp/TotalAmt09152
IRS990/Desc0TO PROVIDE A CLASSICAL CHRISTIAN BASED EDUCATION TO CHILDREN IN GRADES KINDERGARTEN THROUGH TWELFTH GRADE
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt028
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01137537
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07000
IRS990/FeesForServicesAccountingGrp/TotalAmt07000
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt018737
IRS990/FeesForServicesOtherGrp/TotalAmt018737
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt755.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt79864
IRS990/Form990PartVIISectionAGrp/PersonNm0MITCH BACKES
IRS990/Form990PartVIISectionAGrp/PersonNm1TIM BEALERT
IRS990/Form990PartVIISectionAGrp/PersonNm2CAROLINE JONES
IRS990/Form990PartVIISectionAGrp/PersonNm3VINCE BACOTE
IRS990/Form990PartVIISectionAGrp/PersonNm4NANCY THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm5REBECCA LARSON
IRS990/Form990PartVIISectionAGrp/PersonNm6ASHLEY CE WU
IRS990/Form990PartVIISectionAGrp/PersonNm7TOM STONER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7146116
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7HEAD OF SCHOOL
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt027668
IRS990/FundraisingDirectExpensesAmt010665
IRS990/FundraisingGrossIncomeAmt010435
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt089134
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt089134
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt089134
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01590606
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt04139
IRS990/InsuranceGrp/TotalAmt04139
IRS990/InvestmentIncomeGrp/ExclusionAmt0257
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0257
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0196498
IRS990/LandBldgEquipBasisNetGrp/BOYAmt032141
IRS990/LandBldgEquipBasisNetGrp/EOYAmt022989
IRS990/LandBldgEquipCostOrOtherBssAmt0219487
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE A CLASSICAL CHRISTIAN BASED EDUCATION TO CHILDREN IN GRADES KINDERGARTEN THROUGH TWELFTH GRADE
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0646096
IRS990/NetAssetsOrFundBalancesEOYAmt0609081
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-230
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-230
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0646096
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0609081
IRS990/NoncashContributionsAmt016684
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt06558
IRS990/OccupancyGrp/ManagementAndGeneralAmt037161
IRS990/OccupancyGrp/ProgramServicesAmt0169138
IRS990/OccupancyGrp/TotalAmt0212857
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt021531
IRS990/OfficeExpensesGrp/ProgramServicesAmt03532
IRS990/OfficeExpensesGrp/TotalAmt025063
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07722
IRS990/OtherAssetsTotalGrp/EOYAmt012500
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03959
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt022562
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt059414
IRS990/OtherEmployeeBenefitsGrp/TotalAmt085935
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/Desc2ENROLLMENT EXPENSES
IRS990/OtherExpensesGrp/Desc3HUMAN RESOURCES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03258
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11178
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2215
IRS990/OtherExpensesGrp/ProgramServicesAmt065689
IRS990/OtherExpensesGrp/TotalAmt065689
IRS990/OtherExpensesGrp/TotalAmt13258
IRS990/OtherExpensesGrp/TotalAmt21178
IRS990/OtherExpensesGrp/TotalAmt3215
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01847
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01847
IRS990/OtherRevenueTotalAmt01847
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt045701
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0207830
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0580041
IRS990/OtherSalariesAndWagesGrp/TotalAmt0833572
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03357
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt019024
IRS990/PayrollTaxesGrp/ProgramServicesAmt049589
IRS990/PayrollTaxesGrp/TotalAmt071970
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04460
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt010461
IRS990/PensionPlanContributionsGrp/TotalAmt014921
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015683
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017525
IRS990/PrincipalOfficerNm0TIM BEALERT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01325987
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01325987
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0637691
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt082909
IRS990/PYInvestmentIncomeAmt0175
IRS990/PYOtherExpensesAmt0300251
IRS990/PYOtherRevenueAmt01868
IRS990/PYProgramServiceRevenueAmt01132748
IRS990/PYRevenuesLessExpensesAmt0301933
IRS990/PYSalariesCompEmpBnftPaidAmt01087389
IRS990/PYTotalExpensesAmt01470549
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01772482
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-37015
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01327834
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01035205
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0976651
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt08606
IRS990ScheduleD/EquipmentGrp/DepreciationAmt064105
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt072711
IRS990ScheduleD/ExpensesNotReportedAmt0365
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt089134
IRS990ScheduleD/ExpensesSubtotalAmt01527822
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt08341
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06379
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt014720
IRS990ScheduleD/OtherExpensesIncludedAmt0365
IRS990ScheduleD/OtherExpensesNotIncludedAmt089134
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06042
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0126014
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0132056
IRS990ScheduleD/OtherRevenueAmt0365
IRS990ScheduleD/OtherRevenuesNotIncludedAmt089134
IRS990ScheduleD/RevenueNotReportedAmt0365
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt089134
IRS990ScheduleD/RevenueSubtotalAmt01490807
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COVENANT CLASSICAL SCHOOL IS A NOT-FOR-PROFIT ORGANIZATION AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE INCOME TAX REGULATIONS. THEREFORE, NO PROVISIONS FOR FEDERAL AND STATE INCOME TAXES HAVE BEEN MADE. THERE WAS NO UNRELATED BUSINESS INCOME DURING THE YEAR ENDED JUNE 30, 2022. THE ORGANIZATION'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE YEARS ENDING 2019, 2020, AND 2021 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENTS 365.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SCHOLARSHIPS 89,134.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3SPECIAL EVENTS 365.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4SCHOLARSHIPS 89,134.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022989
IRS990ScheduleD/TotalExpensesPerForm990Amt01616956
IRS990ScheduleD/TotalRevenuePerForm990Amt01579941
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01491172
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01528187
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt027668
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt027668
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt010665
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0230
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0230
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SCHOOL FUNDRAISING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt038103
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt038103
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt010435
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt010435
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-230
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt010435
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt010435
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt089134
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0TUITION ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt030
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0COVENANT OFFERS NEED-BASED TUITION GRANTS TO FAMILIES THROUGH A PROGRAM CALLED "TAILORED TUITION". THE TUITION A FAMILY PAYS IS TAILORED OR ADJUSTED BASED PRIMARILY UPON HOUSEHOLD INCOME. DURING THE APPLICATION PROCESS TO THE SCHOOL, FAMILIES ARE INFORMED OF THE PROGRAM AND ENCOURAGED TO APPLY. APPLICATIONS ARE COMPLETED ON-LINE AND ARE AVAILABLE THROUGH OUR WEBSITE. THE APPLICATIONS ARE HANDLED BY FACTS, OUR TUITION MANAGEMENT SERVICE. FAMILIES SEND THEIR APPLICATION AND SUPPORTING DOCUMENTATION TO FACTS, WHO RUNS THEIR DATA THROUGH THEIR FORMULAS THAT LOOK AT INCOME TO EXPENSES. THE SCHOOL RECEIVES A RECOMMENDED TUITION NUMBER FROM FACTS. THE TAILORED TUITION DATA IS REVIEWED BY THE TAILORED TUITION COMMITTEE WHICH CONSISTS OF THE BOARD TREASURER, THE BOOKKEEPER, THE BUSINESS MANAGER, AND THE HEAD OF SCHOOL. THE COMMITTEE MAKES AWARDS BASED UPON THE DATA RECEIVED FROM FACTS WHILE FOLLOWING PRACTICES ESTABLISHED BY THE SCHOOL OVER TIME. FAMILIES ARE INFORMED OF AWARDS PRIOR TO OFFICIALLY ENROLLING AT COVENANT FOR THE YEAR. FAMILIES MUST MAKE APPLICATION FOR TAILORED TUITION AWARDS EVERY YEAR.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/DiscretionarySpendingAcctInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0133616
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount012500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt04620
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt05244
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TOM STONER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0HEAD OF SCHOOL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0155980
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,076,120
Liabilities
$467,039
Net assets
$609,081
Revenue
$1,579,941
Expenses
$1,616,956
Net income
-$37,015
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.24$0.69$0.55$1.62$1.66$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.48$0.89$0.59$1.61$1.63$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.08$0.47$0.61$1.58$1.62$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.19$0.54$0.65$1.77$1.47$0.30
2020Detailed filing. Detailed filing data is available for this year.$0.45$0.11$0.34$1.70$1.51$0.20
2019Detailed filing. Detailed filing data is available for this year.$0.26$0.11$0.15$1.50$1.43$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.22$0.12$0.09$1.37$1.35$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.19$0.11$0.08$1.33$1.29$0.03