Civic Intelligence

The Covenant School

990EZ • Fiscal year 2017 • EIN 47-3758268

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 13, 2017

6 Dunaway CourtGreensboro, NC 27408

(336) 370-1222

Siviq Scores

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

Liabilities / Assets

91st percentile

0.44x

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

2017 filings • NTEE B • <$500k nonprofits • Source year 2017

Liabilities / Revenue

83rd percentile

0.06x

Higher debt load relative to revenue than 83% of similar nonprofits.

2017 filings • NTEE B • <$500k nonprofits • Source year 2017

Net Margin

52nd percentile

5.2%

Higher net margin than 52% of similar nonprofits.

2017 filings • NTEE B • <$500k nonprofits • Source year 2017

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

2017 filings • NTEE B • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

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

Source year 2017

Revenue Growth

Score unavailable

No value available

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

Source year 2017

Assets

$22,670

No earlier filing loaded for comparison.

Net Assets

$12,630

No earlier filing loaded for comparison.

Liabilities

$10,040

No earlier filing loaded for comparison.

Revenue

$154,642

No earlier filing loaded for comparison.

Expenses

$146,593

No earlier filing loaded for comparison.

Net Income

$8,049

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.

$2.0M$1.5M$1.0M$500K$0Assets 2017: $22,670Liabilities 2017: $10,040Net Assets 2017: $12,6302017Assets 2018: $55,995Liabilities 2018: $17,200Net Assets 2018: $38,7952018Assets 2019: $145,983Liabilities 2019: $29,040Net Assets 2019: $116,9432019Assets 2020: $355,389Liabilities 2020: $89,714Net Assets 2020: $265,6752020Assets 2021: $576,987Liabilities 2021: $24,200Net Assets 2021: $552,7872021Assets 2022: $715,081Liabilities 2022: $17,705Net Assets 2022: $697,3762022Assets 2023: $866,893Liabilities 2023: $135,804Net Assets 2023: $731,0892023Assets 2024: $1,187,675Liabilities 2024: $328,388Net Assets 2024: $859,2872024Assets 2025: $1,504,886Liabilities 2025: $327,428Net Assets 2025: $1,177,4582025

Highlighted filing

2017

Assets$22,670
Liabilities$10,040
Net Assets$12,630

Operations Trend

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

$3.0M$2.0M$1.0M$0Revenue 2017: $154,642Expenses 2017: $146,593Net Income 2017: $8,0492017Revenue 2018: $215,295Expenses 2018: $189,130Net Income 2018: $26,1652018Revenue 2019: $379,123Expenses 2019: $300,975Net Income 2019: $78,1482019Revenue 2020: $581,640Expenses 2020: $432,908Net Income 2020: $148,7322020Revenue 2021: $794,083Expenses 2021: $584,113Net Income 2021: $209,9702021Revenue 2022: $984,542Expenses 2022: $823,091Net Income 2022: $161,4512022Revenue 2023: $1,228,910Expenses 2023: $1,214,479Net Income 2023: $14,4312023Revenue 2024: $1,632,877Expenses 2024: $1,545,581Net Income 2024: $87,2962024Revenue 2025: $2,024,675Expenses 2025: $1,731,881Net Income 2025: $292,7942025

Highlighted filing

2017

Revenue$154,642
Expenses$146,593
Net Income$8,049
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 13, 2017
Return Version
2016v3.0
Gross Receipts
$154,642
Mission and Program Overview

Mission

Covenant is the way god relates to people - a deep, intimate, permanent relationship. God also created parents and children to be in a covenant relationship. Our desire is to create an educational environment that cultivates both the relationships between jesus and children and parents and children. We believe god has given us as parents the responsibility to raise, educate, train, and disciple our children.

Program Services

DescriptionGrantsExpenses
TO EDUCATE STUDENTS UTILIZING THE UNIVERSITY-MODEL EDUCATION TO PREPARE STUDENTS ACADEMICALLY AND SPIRITUALLY WHILE CULTIVATING BOTH THE RELATIONSHIPS BETWEEN JESUS AND CHILDREN AND PARENTS AND CHILDREN.-$136,803
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KEVIN SASSERChairmanPT$0--
WILLIAM G DUKETreasurerPT$0--
JESSICA DUKESecretaryPT$0--
AMY SASSERDirectorPT$0--
DREW HILLDirectorPT$0--
NATALIE HILLDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
The Covenant School
EIN
47-3758268
Phone
3363701222
Address
6 DUNAWAY COURT, GREENSBORO, NC 27408

Signing Officer

Name
William G Duke
Title
Treasurer
Phone
3363701222
Signed
2017-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Brad G Garner CPA
Address
1003 RED BANKS RD, GREENVILLE, NC 27858-5908
Preparer
Brad G Garner
Phone
2523554610
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses marketing 865 office supplies & expense 1,689 computer & internet expenses 493 travel expense 90 meeting expense 452 insurance expense 2,320 bank fees -35 miscellaneous expense 500 student services expense 591 curriculum & class exp 13,138 total 20,103

Form 990-ez, Part II, Line 26

Deferred revenue 5,350 9,410 mortgage and other notes payable 567 630

Form 990-ez, Part III

Covenant is the way god relates to people - a deep, intimate, permanent relationship. God also created parents and children to be in a covenant relationship. Our desire is to create an educational environment that cultivates both the relationships between jesus and children and parents and children. We believe god has given us as parents the responsibility to raise, educate, train, and disciple our children.

Raw XML Appendix144 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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IRS990EZ/PrimaryExemptPurposeTxt0COVENANT IS THE WAY GOD RELATES TO PEOPLE - A DEEP, INTIMATE, PERMANENT RELATIONSHIP. GOD ALSO CREATED PARENTS AND CHILDREN TO BE IN A COVENANT RELATIONSHIP. OUR DESIRE IS TO CREATE AN EDUCATIONAL ENVIRONMENT THAT CULTIVATES BOTH THE RELATIONSHIPS BETWEEN JESUS AND CHILDREN AND PARENTS AND CHILDREN. WE BELIEVE GOD HAS GIVEN US AS PARENTS THE RESPONSIBILITY TO RAISE, EDUCATE, TRAIN, AND DISCIPLE OUR CHILDREN.
IRS990EZ/PrintingPublicationsPostageAmt0823
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IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/SchoolInd0X
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
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IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
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IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0AS STATED ON ALL MATERIALS (INCLUDING THE WEBSITE), "THE COVENANT SCHOOL DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL OR ETHNIC ORIGIN IN THE ADMISSION PROCESS."
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES MARKETING 865 OFFICE SUPPLIES & EXPENSE 1,689 COMPUTER & INTERNET EXPENSES 493 TRAVEL EXPENSE 90 MEETING EXPENSE 452 INSURANCE EXPENSE 2,320 BANK FEES -35 MISCELLANEOUS EXPENSE 500 STUDENT SERVICES EXPENSE 591 CURRICULUM & CLASS EXP 13,138 TOTAL 20,103
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DEFERRED REVENUE 5,350 9,410 MORTGAGE AND OTHER NOTES PAYABLE 567 630
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COVENANT IS THE WAY GOD RELATES TO PEOPLE - A DEEP, INTIMATE, PERMANENT RELATIONSHIP. GOD ALSO CREATED PARENTS AND CHILDREN TO BE IN A COVENANT RELATIONSHIP. OUR DESIRE IS TO CREATE AN EDUCATIONAL ENVIRONMENT THAT CULTIVATES BOTH THE RELATIONSHIPS BETWEEN JESUS AND CHILDREN AND PARENTS AND CHILDREN. WE BELIEVE GOD HAS GIVEN US AS PARENTS THE RESPONSIBILITY TO RAISE, EDUCATE, TRAIN, AND DISCIPLE OUR CHILDREN.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/PreparerPersonGrp/PhoneNum02523554610
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRAD G GARNER
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-11-13T18:14:53-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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Filings