Civic Intelligence

Covenant Academy

990 • Fiscal year 2016 • EIN 30-0152850

Jul 01, 2015 to Jun 30, 2016 • Filed on May 11, 2017

Organization ProfileCOVENANTACADEMYHOUSTON.ORG
11711 Telge RoadCypress, TX 77429

(281) 373-2233

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.03x

Higher debt load relative to assets than 33% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

37th percentile

0.05x

Higher debt load relative to revenue than 37% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

25th percentile

-7.1%

Higher net margin than 25% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

28th percentile

-3.2%

Faster asset growth than 28% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

70th percentile

13%

Faster revenue growth than 70% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Down

$2,968,937

Down $98,225 (-3.2%) from 2015

Net Assets

Down

$2,894,214

Down $96,815 (-3.2%) from 2015

Liabilities

Down

$74,723

Down $1,410 (-1.9%) from 2015

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin25th percentile

Revenue

Up

$1,360,309

Up $161,112 (+13%) from 2015

Expenses

Up

$1,457,123

Up $185,323 (+15%) from 2015

Net Income

Down

-$96,814

Down $24,211 (-33%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $3,414,978Liabilities 2012: $67,925Net Assets 2012: $3,347,0532012Assets 2013: $3,228,481Liabilities 2013: $53,913Net Assets 2013: $3,174,5682013Assets 2014: $3,137,979Liabilities 2014: $74,796Net Assets 2014: $3,063,1832014Assets 2015: $3,067,162Liabilities 2015: $76,133Net Assets 2015: $2,991,0292015Assets 2016: $2,968,937Liabilities 2016: $74,723Net Assets 2016: $2,894,2142016Assets 2017: $2,938,195Liabilities 2017: $152,372Net Assets 2017: $2,785,8232017Assets 2019: $2,818,770Liabilities 2019: $116,538Net Assets 2019: $2,702,2322019Assets 2020: $2,879,840Liabilities 2020: $368,229Net Assets 2020: $2,511,6112020

Highlighted filing

2016

Assets$2,968,937
Liabilities$74,723
Net Assets$2,894,214
Open 2016 Filing

Operations Trend

Revenue Growth70th percentile

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

$2.0M$1.0M$0-$1.0MExpenses 2012: $1,268,6012012Expenses 2013: $1,057,9782013Revenue 2014: $1,012,012Expenses 2014: $1,123,397Net Income 2014: -$111,3852014Revenue 2015: $1,199,197Expenses 2015: $1,271,800Net Income 2015: -$72,6032015Revenue 2016: $1,360,309Expenses 2016: $1,457,123Net Income 2016: -$96,8142016Revenue 2017: $1,375,520Expenses 2017: $1,483,911Net Income 2017: -$108,3912017Revenue 2019: $1,662,160Expenses 2019: $1,923,010Net Income 2019: -$260,8502019Revenue 2020: $1,746,482Expenses 2020: $1,937,103Net Income 2020: -$190,6212020

Highlighted filing

2016

Revenue$1,360,309
Expenses$1,457,123
Net Income-$96,814
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 11, 2017
Return Version
2015v3.0
Gross Receipts
$1,369,925
Mission and Program Overview

Mission

Covenant academy is a classical christian school for k-12 grades seeking to partner with parents to train students to be discerning, articulate followers of jesus christ and leaders in their sphere of influence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,765,380$2,700,372▼ $65,008
Cash and Non-Interest-Bearing Accounts$57,091$142,953▲ $85,862
Savings and Temporary Cash Investments$219,269$119,396▼ $99,873
Accounts Receivable$25,421$6,216▼ $19,205
Total Assets$3,067,161$2,968,937▼ $98,224
Liabilities
Deferred Revenue$65,994$61,849▼ $4,145
Accounts Payable and Accrued Expenses$10,139$12,874▲ $2,735
Total Liabilities$76,133$74,723▼ $1,410
Net Assets / Fund Balance
Unrestricted Net Assets$2,898,098$2,824,175▼ $73,923
Temporarily Rstr Net Assets$92,931$70,039▼ $22,892
Total Net Assets Fund Balance$2,991,029$2,894,214▼ $96,815
Total Liabilities and Net Assets / Fund Balance$3,067,162$2,968,937▼ $98,225

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,134,039$601,039$2,735,078
Land$514,625-$514,625
Equipment$28,944$119,186$148,130
Other Land Buildings$22,764$1,846$24,610
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Dr David BrookesPresident
Jim HardwickBoard Member
Diane GarrettSecretary
Mike OlivaresTreasurer
Dr Steven L JonesVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$90,279
Program Service Revenue
$1,258,557
Investment Income
$127
Other Revenue
$11,346
All Other Contributions
$23,659
Change in Net Assets
$-96,814
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$996,444
Other Expenses$418,651
Grants and Similar Amounts Paid$42,028
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$661,019$219,906-$880,925
Occupancy$72,592$24,198-$96,790
Depreciation Depletion$65,616$21,872-$87,488
Payroll Taxes$46,846$15,397-$62,243
Other Employee Benefits$39,957$13,319-$53,276
Grants to Domestic Individuals$42,028--$42,028
Fees for Services Accounting$22,531$7,511-$30,042
Office Expenses$20,886$6,962-$27,848
Insurance$15,255$5,086-$20,341
Conferences and Meetings$10,345$3,448-$13,793
Advertising$9,859$3,286-$13,145
Other Expenses$8,514--$8,514
Information Technology$5,862$1,954-$7,816
Fees for Services Other$2,269$756-$3,025
Fees for Services Legal$138$46-$184
Total Functional Expenses$1,133,382$323,741$0$1,457,123
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$9,616
Fundraising Gross Income$9,486
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Sporting Clay S$14,960$4,784$195$4,589
Banquet$52,655$4,702$523$4,179
Total Events$76,106$9,486$9,616$-130
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
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The 990 is sent to the board together with the qb financials for their review. Once all questions have been resolved the 990 is e-filed and a final copy provided to the board.”

Form 990, Page 6, Part VI, Line 12C

“All board members are asked annually to disclose any financial conflict of interest. If any conflict of interest exists at any time, the affected board member(s) are asked to recuse themselves from discussion and vote when there are issues that are potential conflicts of interest. This policy is strictly enforced and instances are noted in the board minutes.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Covenant Academy
EIN
30-0152850
Phone
2813732233
Address
11711 TELGE ROAD, CYPRESS, TX 77429

Signing Officer

Name
Dr David Brookes
Title
President
Phone
2813732233
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr David Brookes
Formed
2003
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
33
Volunteers
60

Preparer

Firm
Cox and Associates Cpas LLC
Address
21960 HIGHWAY 242, NEW CANEY, TX 77357
Preparer
Cynthia a Cox CPA
Phone
2813998153
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Volunteers are an invaluable help for the school. They help the academic program in several ways including supporting teachers copying, rocket math grading, and by assisting with feasts, plays and other class events. Other volunteers support academic events by judging the speech meet and acsi art competition, or as graders for math olympics. The fundraising events, like the clay shoot and banquet, provide many opportunities for our volunteers to assist the school.”

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IRS990ScheduleE/MaintainScholarshipsRecsInd0true
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ALL SCHOOL BROCHURES AND THE INTERNET SITE CONTAINS THE NON- DISCRIMATION POLICY. THE ANNUAL NEWSPAPER AD FOR THE SCHOOL ALSO CONTAINS THE NON-DISCRIMATION POLICY.
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUITION SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt011
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FAMILIES APPLY TO FAST (A THIRD PARTY ORGANIZATION) WITH THE REQUIRED INFORMATION THAT WILL BE USED BY FAST TO DETERMINE THEIR ELIGIBILITY FOR TUITION ASSISTANCE; THIS DETERMINATION IS BASED ON PARAMETERS PROVIDED BY THE SCHOOL. FAST REVIEWS THE APPLICATIONS FOR SCHOLARSHIPS AND RECOMMENDS THE AMOUNT OF ELIGIBILITY, UP TO THE SCHOOL'S MAXIMUM OF 50% OF TUITION. IF FUNDS ARE AVAILABLE, THE SCHOOL'S BOARD THEN AWARDS ASSISTANCE TO EACH QUALIFYING FAMILY, BASED ON FAST'S RECOMMENDATIONS. IF INSUFFICIENT FUNDS ARE AVAILABLE, THE BOARD REDUCES THE ASSISTANCE TO EACH FAMILY IN ORDER TO ALLOW THE MAXIMUM NUMBER OF FAMILIES TO RECEIVE ASSISTANCE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEERS ARE AN INVALUABLE HELP FOR THE SCHOOL. THEY HELP THE ACADEMIC PROGRAM IN SEVERAL WAYS INCLUDING SUPPORTING TEACHERS COPYING, ROCKET MATH GRADING, AND BY ASSISTING WITH FEASTS, PLAYS AND OTHER CLASS EVENTS. OTHER VOLUNTEERS SUPPORT ACADEMIC EVENTS BY JUDGING THE SPEECH MEET AND ACSI ART COMPETITION, OR AS GRADERS FOR MATH OLYMPICS. THE FUNDRAISING EVENTS, LIKE THE CLAY SHOOT AND BANQUET, PROVIDE MANY OPPORTUNITIES FOR OUR VOLUNTEERS TO ASSIST THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS SENT TO THE BOARD TOGETHER WITH THE QB FINANCIALS FOR THEIR REVIEW. ONCE ALL QUESTIONS HAVE BEEN RESOLVED THE 990 IS E-FILED AND A FINAL COPY PROVIDED TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL BOARD MEMBERS ARE ASKED ANNUALLY TO DISCLOSE ANY FINANCIAL CONFLICT OF INTEREST. IF ANY CONFLICT OF INTEREST EXISTS AT ANY TIME, THE AFFECTED BOARD MEMBER(S) ARE ASKED TO RECUSE THEMSELVES FROM DISCUSSION AND VOTE WHEN THERE ARE ISSUES THAT ARE POTENTIAL CONFLICTS OF INTEREST. THIS POLICY IS STRICTLY ENFORCED AND INSTANCES ARE NOTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0DR DAVID BROOKES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02813732233
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COVENANT ACADEMY

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,968,937
Liabilities
$74,723
Net assets
$2,894,214
Revenue
$1,360,309
Expenses
$1,457,123
Net income
-$96,814
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.88$0.37$2.51$1.75$1.94$0.19
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.82$0.12$2.70$1.66$1.92$0.26
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.94$0.15$2.79$1.38$1.48$0.11
2016Detailed filing. Detailed filing data is available for this year.$2.97$0.07$2.89$1.36$1.46$0.10
2015Detailed filing. Detailed filing data is available for this year.$3.07$0.08$2.99$1.20$1.27$0.07
2014Detailed filing. Detailed filing data is available for this year.$3.14$0.07$3.06$1.01$1.12$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.23$0.05$3.17$1.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.41$0.07$3.35$1.27