Civic Intelligence

Covenant Classical School

990 • Fiscal year 2025 • EIN 27-1802630

Jul 01, 2024 to Jun 30, 2025

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

78th percentile

0.34x

Higher debt load relative to assets than 78% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

73rd percentile

0.28x

Higher debt load relative to revenue than 73% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

78th percentile

24%

Higher net margin than 78% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

85th percentile

$153,797

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

84th percentile

24%

Faster asset growth than 84% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

70th percentile

19%

Faster revenue growth than 70% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$1,534,729

Up $294,009 (+24%) from 2024

Net Assets

Up

$1,005,477

Up $452,763 (+82%) from 2024

Liabilities

Down

$529,252

Down $158,754 (-23%) from 2024

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin78th percentile

Revenue

Up

$1,921,614

Up $301,741 (+19%) from 2024

Expenses

Down

$1,468,851

Down $187,381 (-11%) from 2024

Net Income

Up

$452,763

Up $489,122 (+1345%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

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

$2.0M$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: $552,7142024Assets 2025: $1,534,729Liabilities 2025: $529,252Net Assets 2025: $1,005,4772025

Highlighted filing

2025

Assets$1,534,729
Liabilities$529,252
Net Assets$1,005,477
Open 2025 Filing

Operations Trend

Revenue Growth70th 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: -$36,3592024Revenue 2025: $1,921,614Expenses 2025: $1,468,851Net Income 2025: $452,7632025

Highlighted filing

2025

Revenue$1,921,614
Expenses$1,468,851
Net Income$452,763
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 27, 2026
Return Version
2024v5.5
Gross Receipts
$1,926,791
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.

Provide a classical christian based edcuation to children in grades kindergarten through twelfth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$856,686$1,301,226▲ $444,540
Intangible Assets$297,759$148,879▼ $148,880
Land, Buildings, and Equipment, Net$44,730$35,235▼ $9,495
Cash and Non-Interest-Bearing Accounts$10,248$31,082▲ $20,834
Pledges and Grants Receivable$4,033$0▼ $4,033
Prepaid Expenses and Deferred Charges$12,416$3,459▼ $8,957
Total Assets$1,240,720$1,534,729▲ $294,009
Other Assets Total$14,848$14,848→ $0
Liabilities
Deferred Revenue$361,372$342,222▼ $19,150
Other Liabilities$293,670$155,653▼ $138,017
Accounts Payable and Accrued Expenses$32,964$31,377▼ $1,587
Total Liabilities$688,006$529,252▼ $158,754
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$552,714$1,005,477▲ $452,763
Total Net Assets Fund Balance$552,714$1,005,477▲ $452,763
Total Liabilities and Net Assets / Fund Balance$1,240,720$1,534,729▲ $294,009

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,160$131,074$132,234
Equipment$3,551$74,796$78,347
Leasehold Improvements$30,524$19,825$50,349
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tom StonerHead of SchoolFT$147,078$6,719$153,797

Board Members and Trustees

NameTitle
David YangChairperson
Angela CastaldoDirector
Joshua FogartyDirector
Katrina ErzingerSecretary
Dandrae LarryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$522,251
Program Service Revenue
$1,362,143
Investment Income
$29,453
Other Revenue
$7,767
All Other Contributions
$494,338
Change in Net Assets
$452,763

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$60,913Fair Market Value (FMV)
Other Non Cash Contri Table10$1,500Fair Market Value (FMV)
Total Noncash Contributions15$62,413-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,768,118
Revenue Not Reported on Financial Statements
$153,496
Revenue Not Reported on Form 990
$304,538
Other Revenue Adjustments
$153,496
Total Revenue per Audited Statements
$2,072,656
Total Revenue per Form 990
$1,921,614
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$835,813
Other Expenses$479,542
Grants and Similar Amounts Paid$153,496
Total Fundraising Expense$70,596
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$427,562$68,478$12,109$508,149
Occupancy$136,696$58,289$10,307$205,292
Current Officers, Directors, Trustees, and Key Employees-$131,376$22,421$153,797
Grants to Domestic Individuals$153,496--$153,496
Other Employee Benefits$60,001$25,491$4,324$89,816
Payroll Taxes$46,328$20,968$3,700$70,996
Fees for Services Other-$58,040-$58,040
Office Expenses$1,800$24,914-$26,714
Insurance-$20,192-$20,192
Fees for Services Accounting-$20,102-$20,102
Advertising-$6,771$6,772$13,543
Pension Plan Contributions$11,511$1,544-$13,055
Depreciation Depletion$10,318--$10,318
Fees for Services Legal-$5,582-$5,582
Other Expenses$100,157$1,987$10,963$1,987
All Other Expenses-$1,294-$1,294
Total Functional Expenses$947,869$450,386$70,596$1,468,851

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,619,893
Total Expenses per Form 990$1,468,851
Expenses per Audited Statements$1,315,355
Expenses Not Reported on Form 990$304,538
Expenses Not Reported on Financial Statements$153,496
Other Expense Adjustments$153,496
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$5,665
Fundraising Direct Expenses$5,036
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
School Fundraising$33,578$5,665$786$4,879
Total Events$33,578$5,665$5,036$629
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$155,653
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
David Yang
Title
Board Chairperson
Phone
6309837500
Signed
2026-03-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Yang
Formed
2010
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
30
Volunteers
25

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 5,921. Fundraising expenses 0. Total expenses 5,921. Payroll management expense: program service expenses 0. Management and general expenses 4,735. Fundraising expenses 0. Total expenses 4,735. Custodial services: program service expenses 0. Management and general expenses 21,944. Fundraising expenses 0. Total expenses 21,944. Consulting fees: program service expenses 0. Management and general expenses 25,440. Fundraising expenses 0. Total expenses 25,440.”

Form 990, Part IX, Line 24E

“Enrollment expense: program service expenses 0. Management and general expenses 1,294. Fundraising expenses 0. Total expenses 1,294.”

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 years ended june 30, 2025 and 2024. The organization's form 990, return of organization exempt from income tax, for the years ending 2023, 2024, and 2025 are subject to examination by the irs, generally for three years after they are filed.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Special events 3,536. Employee retention credit 301,002.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“SCHOLARSHIPS 153,496.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special events 3,536. Employee retention credit 301,002.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“SCHOLARSHIPS 153,496.”

Raw XML AppendixShowing 400 of 523 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.

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IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt014848
IRS990/OtherAssetsTotalGrp/EOYAmt014848
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt04324
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt025491
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt060001
IRS990/OtherEmployeeBenefitsGrp/TotalAmt089816
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1FUNDRAISING
IRS990/OtherExpensesGrp/Desc2SUBSCRIPTIONS, DUES AND
IRS990/OtherExpensesGrp/Desc3HEAD OF SCHOOL DISCRETI
IRS990/OtherExpensesGrp/FundraisingAmt010963
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05358
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11987
IRS990/OtherExpensesGrp/ProgramServicesAmt0100157
IRS990/OtherExpensesGrp/TotalAmt0100157
IRS990/OtherExpensesGrp/TotalAmt110963
IRS990/OtherExpensesGrp/TotalAmt25358
IRS990/OtherExpensesGrp/TotalAmt31987
IRS990/OtherLiabilitiesGrp/BOYAmt0293670
IRS990/OtherLiabilitiesGrp/EOYAmt0155653
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03318
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03318
IRS990/OtherRevenueTotalAmt03318
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt012109
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt068478
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0427562
IRS990/OtherSalariesAndWagesGrp/TotalAmt0508149
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03700
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt020968
IRS990/PayrollTaxesGrp/ProgramServicesAmt046328
IRS990/PayrollTaxesGrp/TotalAmt070996
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01544
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt011511
IRS990/PensionPlanContributionsGrp/TotalAmt013055
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt04033
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012416
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03459
IRS990/PrincipalOfficerNm0DAVID YANG
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01362143
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01362143
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0237874
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt096163
IRS990/PYInvestmentIncomeAmt026506
IRS990/PYOtherExpensesAmt0476145
IRS990/PYOtherRevenueAmt031290
IRS990/PYProgramServiceRevenueAmt01324203
IRS990/PYRevenuesLessExpensesAmt0-36359
IRS990/PYSalariesCompEmpBnftPaidAmt01083924
IRS990/PYTotalExpensesAmt01656232
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01619873
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0452763
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt03820
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01365461
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0856686
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01301226
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/BookValueAmt03551
IRS990ScheduleD/EquipmentGrp/DepreciationAmt074796
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt078347
IRS990ScheduleD/ExpensesNotReportedAmt0304538
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0153496
IRS990ScheduleD/ExpensesSubtotalAmt01315355
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt030524
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt019825
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt050349
IRS990ScheduleD/OtherExpensesIncludedAmt0304538
IRS990ScheduleD/OtherExpensesNotIncludedAmt0153496
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01160
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0131074
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0132234
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0155653
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
IRS990ScheduleD/OtherRevenueAmt0304538
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0153496
IRS990ScheduleD/RevenueNotReportedAmt0304538
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0153496
IRS990ScheduleD/RevenueSubtotalAmt01768118
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 YEARS ENDED JUNE 30, 2025 AND 2024. THE ORGANIZATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE YEARS ENDING 2023, 2024, AND 2025 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENTS 3,536. EMPLOYEE RETENTION CREDIT 301,002.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SCHOLARSHIPS 153,496.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3SPECIAL EVENTS 3,536. EMPLOYEE RETENTION CREDIT 301,002.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4SCHOLARSHIPS 153,496.
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/TotalBookValueLandBuildingsAmt035235
IRS990ScheduleD/TotalExpensesPerForm990Amt01468851
IRS990ScheduleD/TotalLiabilityAmt0155653
IRS990ScheduleD/TotalRevenuePerForm990Amt01921614
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02072656
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01619893
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/CashPrizesEvent1Amt02000
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt02000
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt027913
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt027913
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt05036
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SCHOOL FUNDRAISING
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0750
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0750
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt033578
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt033578
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt05665
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt05665
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0629
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt01500
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt01500
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0786
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0786
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt0153496
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0TUITION ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt027
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 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 COMPLETE 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/BaseCompensationFilingOrgAmt0147078
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt04586
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt02133
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00

Document Assets

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Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,534,729
Liabilities
$529,252
Net assets
$1,005,477
Revenue
$1,921,614
Expenses
$1,468,851
Net income
$452,763
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.53$0.53$1.01$1.92$1.47$0.45
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