Civic Intelligence

Covenant Nursery School

990 • Fiscal year 2023 • EIN 36-3005088

Jun 01, 2022 to May 31, 2023 • Filed on Jul 21, 2023

3637 Golf RoadEvanston, IL 60203

(847) 675-2993

Siviq Scores

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

Liabilities / Assets

85th percentile

0.23x

Higher debt load relative to assets than 85% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

80th percentile

0.07x

Higher debt load relative to revenue than 80% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

31st percentile

-6.6%

Higher net margin than 31% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

90th percentile

$39,197

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 11.8% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

20th percentile

-26%

Faster asset growth than 20% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2023

Revenue Growth

65th percentile

20%

Faster revenue growth than 65% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2023

Assets

Down

$99,685

Down $81,919 (-45%) from 2021

Net Assets

Down

$76,815

Down $80,180 (-51%) from 2021

Liabilities

Down

$22,870

Down $1,739 (-7.1%) from 2021

Revenue

Up

$333,204

Up $100,358 (+43%) from 2021

Expenses

Up

$355,270

Up $90,079 (+34%) from 2021

Net Income

Up

-$22,066

Up $10,279 (+32%) from 2021

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2020: $203,696Liabilities 2020: $14,357Net Assets 2020: $189,3392020Assets 2021: $181,604Liabilities 2021: $24,609Net Assets 2021: $156,9952021Assets 2023: $99,685Liabilities 2023: $22,870Net Assets 2023: $76,8152023Assets 2024: $236,390Liabilities 2024: $31,485Net Assets 2024: $204,9052024Assets 2025: $310,562Liabilities 2025: $76,933Net Assets 2025: $233,6292025

Highlighted filing

2023

Assets$99,685
Liabilities$22,870
Net Assets$76,815

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2020: $425,281Expenses 2020: $313,494Net Income 2020: $111,7872020Revenue 2021: $232,846Expenses 2021: $265,191Net Income 2021: -$32,3452021Revenue 2023: $333,204Expenses 2023: $355,270Net Income 2023: -$22,0662023Revenue 2024: $495,369Expenses 2024: $367,491Net Income 2024: $127,8782024Revenue 2025: $416,027Expenses 2025: $387,303Net Income 2025: $28,7242025

Highlighted filing

2023

Revenue$333,204
Expenses$355,270
Net Income-$22,066
Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
Jul 21, 2023
Return Version
2022v5.0
Gross Receipts
$335,972
Mission and Program Overview

Mission

Provide nursery school for approximately 120 students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$162,446$98,208▼ $64,238
Rtn Earn Endowment Incm Other Fnds$149,043$76,815▼ $72,228
Prepaid Expenses and Deferred Charges$1,477$1,477→ $0
Total Assets$163,923$99,685▼ $64,238
Liabilities
Deferred Revenue$14,665$22,655▲ $7,990
Accounts Payable and Accrued Expenses$215$215→ $0
Total Liabilities$14,880$22,870▲ $7,990
Net Assets / Fund Balance
Total Net Assets Fund Balance$149,043$76,815▼ $72,228
Total Liabilities and Net Assets / Fund Balance$163,923$99,685▼ $64,238
Compensation and Service Providers

Employees

NameTitleBaseTotal
Maleeha MubashiruddinDirector$39,197$39,197

Board Members and Trustees

NameTitle
Kathleen FergusonSocial Chair
Johanna NydenPresident
Kathleen FergusonVice President
Erin EllisonCo-Fundraising
Katie KrauseCo-Fundraising
Kim StantonCo-fundraising
Molly BarnesCo-Fundraising
Rachel LindyPersonnel
Elizabeth PawlakPublic Relations
Jen RisenRoom Parent Coordinator
Meredith DecarloSecretary
Dave YongTreasurer
Lauren BuseyTrinity Liaison
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$313,028
Investment Income
$0
Other Revenue
$20,176
Change in Net Assets
$-22,066
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$285,261
Other Expenses$70,009
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$266,821$0$0$266,821
Occupancy$27,045$0$0$27,045
All Other Expenses$20,782$0$0$20,782
Payroll Taxes$18,440$0$0$18,440
Insurance$11,866$0$0$11,866
Office Expenses$5,459$0$0$5,459
Fees for Services Accounting$600$0$0$600
Advertising$500$0$0$500
Other Expenses$315$0$0$315
Total Functional Expenses$355,270$0$0$355,270
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$14,209
Fundraising Direct Expenses$2,768
Professional Fundraising Fees$0
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
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Covenant Nursery School
EIN
36-3005088
Phone
8476752993
Address
3637 Golf Road, Evanston, IL 60203

Signing Officer

Name
Maleeha Mubashiruddin
Title
Executive Director
Phone
8476752993
Signed
2023-07-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maleeha Mubashirddin
Formed
1954
Legal Domicile
Il
Voting Board Members
14
Independent Board Members
0
Employees
14
Volunteers
10

Preparer

Firm
Ascend Accounting & Financial Services
Address
3710 COMMERCIAL AVE, NORTHBROOK, IL 60062
Preparer
Maurice Birt
Phone
2243306705
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Upon completion of return, presented to all board members at next meeting.

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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Maleeha Mubashiruddin
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum08476752993
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Covenant Nursery School
ReturnHeader/Filer/BusinessNameControlTxt0COVE
ReturnHeader/Filer/EIN0363005088
ReturnHeader/Filer/PhoneNum08476752993
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ReturnHeader/Filer/USAddress/CityNm0Evanston
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0274074967
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORTHBROOK
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060062
ReturnHeader/PreparerPersonGrp/PhoneNum02243306705
ReturnHeader/PreparerPersonGrp/PreparationDt02023-09-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Maurice Birt
ReturnHeader/ReturnTs02023-09-06T12:42:11-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Maleeha
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Mubashiruddin
ReturnHeader/TaxPeriodBeginDt02022-06-01
ReturnHeader/TaxPeriodEndDt02023-05-31
ReturnHeader/TaxYr02022

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