Civic Intelligence

Covenant Classical School

990 • Fiscal year 2023 • EIN 27-1802630

Jul 01, 2022 to Jun 30, 2023 • Filed on Dec 20, 2023

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

87th percentile

0.60x

Higher debt load relative to assets than 87% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

81st percentile

0.56x

Higher debt load relative to revenue than 81% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

36th percentile

-1.2%

Higher net margin than 36% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

87th percentile

$172,920

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 10.7% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

86th percentile

38%

Faster asset growth than 86% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

41st percentile

1.9%

Faster revenue growth than 41% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$1,483,932

Up $407,812 (+38%) from 2022

Net Assets

Down

$589,073

Down $20,008 (-3.3%) from 2022

Liabilities

Up

$894,859

Up $427,820 (+92%) from 2022

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin36th percentile

Revenue

Up

$1,609,842

Up $29,901 (+1.9%) from 2022

Expenses

Up

$1,629,850

Up $12,894 (+0.8%) from 2022

Net Income

Up

-$20,008

Up $17,007 (+46%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth86th 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

2023

Assets$1,483,932
Liabilities$894,859
Net Assets$589,073
Open 2023 Filing

Operations Trend

Revenue Growth41st 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

2023

Revenue$1,609,842
Expenses$1,629,850
Net Income-$20,008
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Dec 20, 2023
Return Version
2022v5.0
Gross Receipts
$1,623,189
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$976,651$965,684▼ $10,967
Intangible Assets-$449,627-
Land, Buildings, and Equipment, Net$22,989$29,375▲ $6,386
Prepaid Expenses and Deferred Charges$17,525$15,437▼ $2,088
Cash and Non-Interest-Bearing Accounts$46,455$8,761▼ $37,694
Total Assets$1,076,120$1,483,932▲ $407,812
Other Assets Total$12,500$15,048▲ $2,548
Liabilities
Other Liabilities$0$455,802▲ $455,802
Deferred Revenue$414,932$395,544▼ $19,388
Accounts Payable and Accrued Expenses$52,107$43,513▼ $8,594
Total Liabilities$467,039$894,859▲ $427,820
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$609,081$589,073▼ $20,008
Total Net Assets Fund Balance$609,081$589,073▼ $20,008
Total Liabilities and Net Assets / Fund Balance$1,076,120$1,483,932▲ $407,812

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,126$127,930$132,056
Equipment$7,707$68,064$75,771
Leasehold Improvements$17,542$7,963$25,505
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tom StonerHead of SchoolFT$135,635$37,285$172,920

Board Members and Trustees

NameTitle
Caroline JonesCo-chairperson
Tim BealertCo-chairperson
Carlo BrittoDirector
Joshua FogartyDirector
Mitch BackesDirector
Rebecca LarsonDirector
Vince BacoteDirector
Ashley Ce WuTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$262,030
Program Service Revenue
$1,323,502
Investment Income
$10,546
Other Revenue
$13,764
All Other Contributions
$252,831
Change in Net Assets
$-20,008

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,539,994
Revenue Not Reported on Financial Statements
$69,848
Revenue Not Reported on Form 990
$1,347
Other Revenue Adjustments
$69,848
Total Revenue per Audited Statements
$1,541,341
Total Revenue per Form 990
$1,609,842
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,129,173
Other Expenses$430,829
Total Fundraising Expense$85,021
Grants and Similar Amounts Paid$69,848
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$541,262$224,728$48,863$814,853
Occupancy$168,634$51,411$9,073$229,118
Current Officers, Directors, Trustees, and Key Employees$112,398$60,522-$172,920
Grants to Domestic Individuals$69,848--$69,848
Payroll Taxes$45,291$19,651$3,468$68,410
Other Employee Benefits$39,046$15,720$3,824$58,590
Office Expenses$4,834$29,584-$34,418
Advertising-$7,935$9,283$17,218
Pension Plan Contributions$8,332$4,169-$12,501
Fees for Services Other-$11,700-$11,700
Insurance-$10,981-$10,981
Fees for Services Accounting-$7,846-$7,846
Depreciation Depletion$7,459--$7,459
Comp Disqual Persons$1,234$665-$1,899
Other Expenses$95,761$1,352$10,510$1,352
All Other Expenses-$1,225-$1,225
Total Functional Expenses$1,094,099$450,730$85,021$1,629,850

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,629,850
Total Expenses per Audited Statements$1,561,349
Expenses per Audited Statements$1,560,002
Expenses Not Reported on Financial Statements$69,848
Other Expense Adjustments$69,848
Expenses Not Reported on Form 990$1,347
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$13,347
Fundraising Gross Income$12,183
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
School Fundraising$21,382$12,183$550$11,633
Total Events$21,382$12,183$13,347$-1,164
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$455,802
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

“A copy of the draft form 990 is provided to each trustee for review prior to finalization.”

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
2023-12-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Bealert
Formed
2010
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
8
Employees
28
Volunteers
20

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 4,309. Fundraising expenses 0. Total expenses 4,309. Payroll management: program service expenses 0. Management and general expenses 3,977. Fundraising expenses 0. Total expenses 3,977. Other professional fees: program service expenses 0. Management and general expenses 3,414. Fundraising expenses 0. Total expenses 3,414.”

Form 990, Part IX, Line 24E

“Enrollment expenses: program service expenses 0. Management and general expenses 1,225. Fundraising expenses 0. Total expenses 1,225.”

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, 2023. The organization's forms 990, return of organization exempt from income tax, for the years ending 2020, 2021, and 2022 are subject to examination by the irs, generally for three years after they are filed.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“SPECIAL EVENTS 1,347.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“SCHOLARSHIPS 69,848.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“SPECIAL EVENTS 1,347.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“SCHOLARSHIPS 69,848.”

Raw XML AppendixShowing 400 of 528 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/BOYAmt052107
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt043513
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE A CLASSICAL CHRISTIAN BASED EDUCATION TO CHILDREN IN GRADES KINDERGARTEN THROUGH TWELFTH GRADE
IRS990/AdvertisingGrp/FundraisingAmt09283
IRS990/AdvertisingGrp/ManagementAndGeneralAmt07935
IRS990/AdvertisingGrp/TotalAmt017218
IRS990/AllOtherContributionsAmt0252831
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01225
IRS990/AllOtherExpensesGrp/TotalAmt01225
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/ZIPCd060540
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt046455
IRS990/CashNonInterestBearingGrp/EOYAmt08761
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt060522
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0112398
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0172920
IRS990/CompDisqualPersonsGrp/ManagementAndGeneralAmt0665
IRS990/CompDisqualPersonsGrp/ProgramServicesAmt01234
IRS990/CompDisqualPersonsGrp/TotalAmt01899
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt09199
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0262030
IRS990/CYGrantsAndSimilarPaidAmt069848
IRS990/CYInvestmentIncomeAmt010546
IRS990/CYOtherExpensesAmt0430829
IRS990/CYOtherRevenueAmt013764
IRS990/CYProgramServiceRevenueAmt01323502
IRS990/CYRevenuesLessExpensesAmt0-20008
IRS990/CYSalariesCompEmpBnftPaidAmt01129173
IRS990/CYTotalExpensesAmt01629850
IRS990/CYTotalFundraisingExpenseAmt085021
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01609842
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0414932
IRS990/DeferredRevenueGrp/EOYAmt0395544
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt07459
IRS990/DepreciationDepletionGrp/TotalAmt07459
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/ExpenseAmt01094099
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07846
IRS990/FeesForServicesAccountingGrp/TotalAmt07846
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt011700
IRS990/FeesForServicesOtherGrp/TotalAmt011700
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt855.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
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/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt825785
IRS990/Form990PartVIISectionAGrp/PersonNm0TIM BEALERT
IRS990/Form990PartVIISectionAGrp/PersonNm1CAROLINE JONES
IRS990/Form990PartVIISectionAGrp/PersonNm2ASHLEY CE WU
IRS990/Form990PartVIISectionAGrp/PersonNm3MITCH BACKES
IRS990/Form990PartVIISectionAGrp/PersonNm4VINCE BACOTE
IRS990/Form990PartVIISectionAGrp/PersonNm5REBECCA LARSON
IRS990/Form990PartVIISectionAGrp/PersonNm6CARLO BRITTO
IRS990/Form990PartVIISectionAGrp/PersonNm7JOSHUA FOGARTY
IRS990/Form990PartVIISectionAGrp/PersonNm8TOM STONER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8147135
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/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0CO-CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1CO-CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8HEAD OF SCHOOL
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt09199
IRS990/FundraisingDirectExpensesAmt013347
IRS990/FundraisingGrossIncomeAmt012183
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantAmt069848
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt069848
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt069848
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01623189
IRS990/GrossRentsGrp/RealAmt011183
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt010981
IRS990/InsuranceGrp/TotalAmt010981
IRS990/IntangibleAssetsGrp/EOYAmt0449627
IRS990/InvestmentIncomeGrp/ExclusionAmt010546
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010546
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0203957
IRS990/LandBldgEquipBasisNetGrp/BOYAmt022989
IRS990/LandBldgEquipBasisNetGrp/EOYAmt029375
IRS990/LandBldgEquipCostOrOtherBssAmt0233332
IRS990/LegalDomicileStateCd0IL
IRS990/LessRentalExpensesGrp/RealAmt00
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/NetAssetsOrFundBalancesBOYAmt0609081
IRS990/NetAssetsOrFundBalancesEOYAmt0589073
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-1164
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-1164
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt011183
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt011183
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0609081
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0589073
IRS990/NoncashContributionsAmt022569
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt09073
IRS990/OccupancyGrp/ManagementAndGeneralAmt051411
IRS990/OccupancyGrp/ProgramServicesAmt0168634
IRS990/OccupancyGrp/TotalAmt0229118
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt029584
IRS990/OfficeExpensesGrp/ProgramServicesAmt04834
IRS990/OfficeExpensesGrp/TotalAmt034418
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt012500
IRS990/OtherAssetsTotalGrp/EOYAmt015048
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03824
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015720
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt039046
IRS990/OtherEmployeeBenefitsGrp/TotalAmt058590
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1FUNDRAISING
IRS990/OtherExpensesGrp/Desc2HUMAN RESOURCES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt010510
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03241
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11352
IRS990/OtherExpensesGrp/ProgramServicesAmt095761
IRS990/OtherExpensesGrp/TotalAmt095761
IRS990/OtherExpensesGrp/TotalAmt110510
IRS990/OtherExpensesGrp/TotalAmt23241
IRS990/OtherExpensesGrp/TotalAmt31352
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0455802
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03745
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03745
IRS990/OtherRevenueTotalAmt03745
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt048863
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0224728
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0541262
IRS990/OtherSalariesAndWagesGrp/TotalAmt0814853
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03468
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt019651
IRS990/PayrollTaxesGrp/ProgramServicesAmt045291
IRS990/PayrollTaxesGrp/TotalAmt068410
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04169
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08332
IRS990/PensionPlanContributionsGrp/TotalAmt012501
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017525
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015437
IRS990/PrincipalOfficerNm0TIM BEALERT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01323502
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01323502
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0252080
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt089134
IRS990/PYInvestmentIncomeAmt0257
IRS990/PYOtherExpensesAmt0365444
IRS990/PYOtherRevenueAmt01617
IRS990/PYProgramServiceRevenueAmt01325987
IRS990/PYRevenuesLessExpensesAmt0-37015
IRS990/PYSalariesCompEmpBnftPaidAmt01162378
IRS990/PYTotalExpensesAmt01616956
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01579941
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-20008
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt011183
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01327247
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0976651
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0965684
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/BookValueAmt07707
IRS990ScheduleD/EquipmentGrp/DepreciationAmt068064
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt075771
IRS990ScheduleD/ExpensesNotReportedAmt01347
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt069848
IRS990ScheduleD/ExpensesSubtotalAmt01560002
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt017542
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt07963
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt025505
IRS990ScheduleD/OtherExpensesIncludedAmt01347
IRS990ScheduleD/OtherExpensesNotIncludedAmt069848
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04126
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0127930
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0132056
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0455802
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
IRS990ScheduleD/OtherRevenueAmt01347
IRS990ScheduleD/OtherRevenuesNotIncludedAmt069848
IRS990ScheduleD/RevenueNotReportedAmt01347
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt069848
IRS990ScheduleD/RevenueSubtotalAmt01539994
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, 2023. THE ORGANIZATION'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE YEARS ENDING 2020, 2021, AND 2022 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENTS 1,347.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SCHOLARSHIPS 69,848.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3SPECIAL EVENTS 1,347.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4SCHOLARSHIPS 69,848.
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/TotalBookValueLandBuildingsAmt029375
IRS990ScheduleD/TotalExpensesPerForm990Amt01629850
IRS990ScheduleD/TotalLiabilityAmt0455802
IRS990ScheduleD/TotalRevenuePerForm990Amt01609842
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01541341
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01561349
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/CharitableContributionsTotAmt09199
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt09199
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt013347
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SCHOOL FUNDRAISING
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0614
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0614
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt021382
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt021382
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt012183
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt012183
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-1164
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt012183
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt012183
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0550
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0550
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt069848
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0TUITION ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt026
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,483,932
Liabilities
$894,859
Net assets
$589,073
Revenue
$1,609,842
Expenses
$1,629,850
Net income
-$20,008
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