Civic Intelligence

Covenant Theological Seminary Foundation

990 • Fiscal year 2014 • EIN 43-1831635

Jul 01, 2013 to Jun 30, 2014 • Filed on May 07, 2015

12330 Conway Rd63141

(314) 434-4044

Siviq Scores

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

Liabilities / Assets

80th percentile

0.15x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

91st percentile

0.41x

Higher debt load relative to revenue than 91% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

1st percentile

-895%

Higher net margin than 1% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

99th percentile

$164,997

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 652.2% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

3rd percentile

-82%

Faster asset growth than 3% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Down

$68,096

Down $320,486 (-82%) from 2013

Net Assets

Down

$57,633

Down $318,946 (-85%) from 2013

Liabilities

Down

$10,463

Down $1,540 (-13%) from 2013

Revenue

$25,297

No earlier filing loaded for comparison.

Expenses

Up

$251,803

Up $233,385 (+1267%) from 2013

Net Income

-$226,506

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $370,645Liabilities 2011: $9,414Net Assets 2011: $361,2312011Assets 2012: $353,164Liabilities 2012: $9,603Net Assets 2012: $343,5612012Assets 2013: $388,582Liabilities 2013: $12,003Net Assets 2013: $376,5792013Assets 2014: $68,096Liabilities 2014: $10,463Net Assets 2014: $57,6332014Assets 2015: $65,870Liabilities 2015: $9,786Net Assets 2015: $56,0842015Assets 2016: $65,241Liabilities 2016: $8,246Net Assets 2016: $56,9952016Assets 2017: $63,059Liabilities 2017: $8,631Net Assets 2017: $54,4282017Assets 2018: $57,785Liabilities 2018: $5,936Net Assets 2018: $51,8492018Assets 2019: $52,993Liabilities 2019: $3,626Net Assets 2019: $49,3672019Assets 2020: $53,847Liabilities 2020: $2,087Net Assets 2020: $51,7602020Assets 2021: $49,709Liabilities 2021: $0Net Assets 2021: $49,7092021

Highlighted filing

2014

Assets$68,096
Liabilities$10,463
Net Assets$57,633

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $16,2442011Expenses 2012: $25,6742012Expenses 2013: $18,4182013Revenue 2014: $25,297Expenses 2014: $251,803Net Income 2014: -$226,5062014Revenue 2015: $279Expenses 2015: $1,828Net Income 2015: -$1,5492015Revenue 2016: $1,472,191Expenses 2016: $1,471,280Net Income 2016: $9112016Revenue 2017: $187Expenses 2017: $2,754Net Income 2017: -$2,5672017Revenue 2018: $2,346Expenses 2018: $4,925Net Income 2018: -$2,5792018Revenue 2019: $4,472Expenses 2019: $6,954Net Income 2019: -$2,4822019Revenue 2020: $6,243Expenses 2020: $3,850Net Income 2020: $2,3932020Revenue 2021: $949Expenses 2021: $3,000Net Income 2021: -$2,0512021

Highlighted filing

2014

Revenue$25,297
Expenses$251,803
Net Income-$226,506
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 7, 2015
Return Version
2013v4.0
Gross Receipts
$25,297
Mission and Program Overview

Mission

The purposes for which the Foundation is organized are provided in detail on Schedule O.

Provide Biblical stewardship and assistance to Covenant Theological Seminary.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$320,267--
Savings and Temporary Cash Investments$68,315$68,096▼ $219
Total Assets$388,582$68,096▼ $320,486
Liabilities
Other Liabilities$12,003$10,463▼ $1,540
Total Liabilities$12,003$10,463▼ $1,540
Net Assets / Fund Balance
Unrestricted Net Assets$376,579$57,633▼ $318,946
Total Net Assets Fund Balance$376,579$57,633▼ $318,946
Total Liabilities and Net Assets / Fund Balance$388,582$68,096▼ $320,486
Compensation and Service Providers

Employees

NameTitleOtherTotal
John RanheimSecretary$94,490$94,490
Albert Li part yearTreasurer$64,562$64,562

Board Members and Trustees

NameTitle
Sam GrahamBoard Chair
Steve ThompsonBoard Vice Chair
DeAnn HarrisBoard Member
Ed HarrisBoard Member
John Wade MillerBoard Member
Mark DalbeyBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$24,263
Other Revenue
$1,034
Change in Net Assets
$-226,506
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$251,040
Other Expenses$763
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$251,040--$251,040
Fees for Service Investment Mgmnt Fees-$763-$763
Total Functional Expenses$251,040$763$0$251,803
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
58-1412526-501 (c) 3Support the mission of the organization.$199,040
43-0863116-501(c)(3)Support the mission of the Seminary.$52,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuity Liabilities$10,463
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

Ed Harris and DeAnn Harris - Family relationship

Form 990, Part VI, Section B, line 11

The Form 990 was prepared by an independent CPA firm, reviewed by the financial team, and then provided to the board for review before being filed with the IRS.

Form 990, Part VI, Section B, line 15

The organization does not compensate any officers or key employees. Therefore, Lines 15a and 15b were answered no in accordance with the instructions.

Form 990, Part VI, Section C, line 19

The Foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

EIN
43-1831635
Phone
3144344044

Signing Officer

Name
John Ranheim
Title
Secretary
Phone
3144344044
Signed
2015-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sam Graham
Formed
1999
Legal Domicile
Mo
Voting Board Members
7
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Preparer
Daren Daiga
Phone
3178852620
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

UNCERTAIN TAX POSITIONS The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statement of activities. As of June 30, 2014, the Foundation had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. The Foundation files information tax returns in the U.S. and various states. The Foundation is generally no longer subject to U.S. Federal and state income tax examinations by tax authorities for years before 2010.

Raw XML Appendix393 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/Form990PartVIISectionAGrp/OtherCompensationAmt452980
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IRS990/Form990PartVIISectionAGrp/PersonNm4Mark Dalbey
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IRS990/Form990PartVIISectionAGrp/PersonNm6DeAnn Harris
IRS990/Form990PartVIISectionAGrp/PersonNm7John Wade Miller
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990ProvidedToGvrnBodyInd01
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IRS990/GamingActivitiesInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNCERTAIN TAX POSITIONS The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statement of activities. As of June 30, 2014, the Foundation had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. The Foundation files information tax returns in the U.S. and various states. The Foundation is generally no longer subject to U.S. Federal and state income tax examinations by tax authorities for years before 2010.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501 (c) 3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Support the mission of the Seminary.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Support the mission of the organization.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10Covenant Theological Seminary
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine11PCA Foundation
IRS990ScheduleI/RecipientTable/RecipientEIN0430863116
IRS990ScheduleI/RecipientTable/RecipientEIN1581412526
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1012330 Conway Road
IRS990ScheduleI/RecipientTable/USAddress/AddressLine111300 North Brown Road Suite 103
IRS990ScheduleI/RecipientTable/USAddress/City0St Louis
IRS990ScheduleI/RecipientTable/USAddress/City1Lawrenceville
IRS990ScheduleI/RecipientTable/USAddress/State0MO
IRS990ScheduleI/RecipientTable/USAddress/State1GA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode063141
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode130043
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Grants are made exclusively to Covenant Theological Seminary, a related exempt organziation, to further the Seminary and Covenant Theological Seminary Foundation's exempt purposes. Stipulations are included with the grant and these requests are kept on file and maintained.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Mark Dalbey
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Board Member
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Ed Harris and DeAnn Harris - Family relationship
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 was prepared by an independent CPA firm, reviewed by the financial team, and then provided to the board for review before being filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization does not compensate any officers or key employees. Therefore, Lines 15a and 15b were answered no in accordance with the instructions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
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ReturnHeader/BuildTS02016-02-25 16:41:14Z
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Daren Daiga
ReturnHeader/ReturnTs02015-05-07T15:44:21-05:00
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ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

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