Civic Intelligence

Covenant Academies Foundation

EIN 47-5613722 • 501(c)3 • Muskegon, MI

Profile

Covenant academies foundation provides support for the operation of charter schools.

125 Catherine AvenueMuskegon, MI 49442

covenantacademiesfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

74th percentile

0.31x

Higher debt load relative to assets than 74% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

86th percentile

0.85x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

81st percentile

30%

Higher net margin than 81% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

66th percentile

11%

Faster asset growth than 66% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

31st percentile

-2.3%

Faster revenue growth than 31% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$3,494,021

Up $341,706 (+11%) from 2023

Liabilities

Down

$929,278

Down $33,794 (-3.5%) from 2023

Net Assets

Up

$2,564,743

Up $375,500 (+17%) from 2023

Operations
Liabilities / Revenue86th percentileNet Margin81st percentile

Revenue

Up

$1,404,523

Up $275,841 (+24%) from 2023

Expenses

Up

$1,029,023

Up $240,709 (+31%) from 2023

Net Income

Up

$375,500

Up $35,132 (+10%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth66th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2016: $36,610Liabilities 2016: $50,0002016Assets 2017: $1,465,852Liabilities 2017: $866,781Net Assets 2017: $599,0712017Assets 2018: $2,527,261Liabilities 2018: $1,484,333Net Assets 2018: $1,042,9282018Assets 2019: $2,607,722Liabilities 2019: $1,613,629Net Assets 2019: $994,0932019Assets 2020: $2,452,444Liabilities 2020: $1,329,395Net Assets 2020: $1,123,0492020Assets 2021: $2,790,053Liabilities 2021: $1,243,871Net Assets 2021: $1,546,1822021Assets 2022: $2,847,877Liabilities 2022: $1,007,831Net Assets 2022: $1,840,0462022Assets 2023: $3,152,315Liabilities 2023: $963,072Net Assets 2023: $2,189,2432023Assets 2024: $3,494,021Liabilities 2024: $929,278Net Assets 2024: $2,564,7432024

Highlighted filing

2024

Assets$3,494,021
Liabilities$929,278
Net Assets$2,564,743
Open 2024 Filing

Operations Trend

Revenue Growth31st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2016: $0Expenses 2016: $13,390Net Income 2016: -$13,3902016Revenue 2017: $896,417Expenses 2017: $283,956Net Income 2017: $612,4612017Revenue 2018: $1,086,428Expenses 2018: $642,571Net Income 2018: $443,8572018Revenue 2019: $1,148,868Expenses 2019: $1,197,703Net Income 2019: -$48,8352019Revenue 2020: $1,281,862Expenses 2020: $1,152,906Net Income 2020: $128,9562020Revenue 2021: $1,341,997Expenses 2021: $918,864Net Income 2021: $423,1332021Revenue 2022: $1,154,910Expenses 2022: $861,046Net Income 2022: $293,8642022Revenue 2023: $1,128,682Expenses 2023: $788,314Net Income 2023: $340,3682023Revenue 2024: $1,404,523Expenses 2024: $1,029,023Net Income 2024: $375,5002024

Highlighted filing

2024

Revenue$1,404,523
Expenses$1,029,023
Net Income$375,500
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,494,021
Liabilities
$929,278
Net assets
$2,564,743
Revenue
$1,404,523
Expenses
$1,029,023
Net income
$375,500
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.49$0.93$2.56$1.40$1.03$0.38
2023Detailed filing. Detailed filing data is available for this year.$3.15$0.96$2.19$1.13$0.79$0.34
2022Detailed filing. Detailed filing data is available for this year.$2.85$1.01$1.84$1.15$0.86$0.29
2021Detailed filing. Detailed filing data is available for this year.$2.79$1.24$1.55$1.34$0.92$0.42
2020Detailed filing. Detailed filing data is available for this year.$2.45$1.33$1.12$1.28$1.15$0.13
2019Detailed filing. Detailed filing data is available for this year.$2.61$1.61$0.99$1.15$1.20$0.05
2018Detailed filing. Detailed filing data is available for this year.$2.53$1.48$1.04$1.09$0.64$0.44
2017Detailed filing. Detailed filing data is available for this year.$1.47$0.87$0.60$0.90$0.28$0.61
2016Summary only. Only limited summary data is available for this year.$0.04$0.05$0.00$0.01$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$1,404,523
Mission and Program Overview

Mission

Covenant academies foundation provides support for the operation of charter schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,482,391$1,576,472▲ $94,081
Cash and Non-Interest-Bearing Accounts$1,312,234$1,566,491▲ $254,257
Accounts Receivable$145,380$187,622▲ $42,242
Other Notes and Loans Receivable, Net$150,000$123,037▼ $26,963
Prepaid Expenses and Deferred Charges$4,950$5,805▲ $855
Savings and Temporary Cash Investments$1--
Total Assets$3,152,315$3,494,021▲ $341,706
Other Assets Total$57,359$34,594▼ $22,765
Liabilities
Unsecured Notes Loans Payable$900,000$900,000→ $0
Other Liabilities$48,530$25,276▼ $23,254
Accounts Payable and Accrued Expenses$14,542$4,002▼ $10,540
Total Liabilities$963,072$929,278▼ $33,794
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,990,484$2,367,671▲ $377,187
Net Assets With Donor Restrictions$198,759$197,072▼ $1,687
Total Net Assets Fund Balance$2,189,243$2,564,743▲ $375,500
Total Liabilities and Net Assets / Fund Balance$3,152,315$3,494,021▲ $341,706

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,565,972$336,086$1,902,058
Land$10,500-$10,500
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sam JosephBoard ChairFT$83,679$24,953$108,632
Gretchen LahaieChief Oper OFT$96,397$3,918$100,315
Amanda AckerChief AcademFT$90,199$8,628$98,827

Board Members and Trustees

NameTitle
Edd SnyderPresident
Judge Greg PittmanDirector
Rich ThompsonDirector
Rita RaichoudhuriDirector
Sandi JonesDirector
Jim WolohanSecretary
Joe KaplanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$65,500
Program Service Revenue
$1,330,081
Investment Income
$8,942
Other Revenue
$0
All Other Contributions
$65,500
Change in Net Assets
$375,500

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,404,523
Total Revenue per Audited Statements
$1,404,523
Total Revenue per Form 990
$1,404,523
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$556,059
Salaries, Compensation, and Employee Benefits$437,464
Grants and Similar Amounts Paid$35,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$245,217$12,906-$258,123
Fees for Services Other$137,115$10,104-$147,219
Other Salaries and Wages$110,501$5,816-$116,317
Occupancy$105,962--$105,962
Depreciation Depletion$60,294--$60,294
Fees for Services Legal$47,024--$47,024
Travel$42,886--$42,886
Other Employee Benefits$34,365$1,809-$36,174
Grants to Domestic Orgs$35,500--$35,500
Interest$34,935--$34,935
Payroll Taxes$25,507$1,343-$26,850
Other Expenses$15,817$833-$16,650
Information Technology$12,124$638-$12,762
All Other Expenses$11,710--$11,710
Fees for Services Accounting$7,845--$7,845
Total Functional Expenses$970,063$58,960$0$1,029,023

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,029,023
Total Expenses per Audited Statements$1,029,023
Total Expenses per Form 990$1,029,023
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Saginaw Covenant AcademySaginaw, MI-Education/administra$35,500
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
Operating Lease Liability$25,276
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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

“Management reviews form 990 prior to signing. The ceo and board chairman reviews form 990 prior to filing.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents and financial statements are available upon request. Contact information is provided on the organization's website. Additionally, the articles of nonprofit incorporation and annual reports are available from michigan dept of energy, labor & economic growth at www.dleg.state.mi.us/bcs_corp.”

Form 990, Part VII

“The organization pays axios charter hr llc for contract personnel services for amanda acker as chief academic officer, sam joseph as founder and gretchen lahaie as chief operating officer. The amount paid for those services is disclosed in part vii and part ix, line 5.”

Filing and Contact Details

Filer

Filer Name
Covenant Academies Foundation
EIN
47-5613722
Phone
2317203100
Address
125 CATHERINE AVENUE, MUSKEGON, MI 49442

Signing Officer

Name
Edd Snyder
Title
President
Phone
2317203100
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edd Snyder
Formed
2015
Legal Domicile
Mi
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Brickley Delong Pc
Address
PO BOX 999, MUSKEGON, MI 49443-0999
Preparer
Brian M Mcfarren CPA
Phone
2317265800
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Maner fees 8,237 0 0 payroll/hr services 5,563 3,657 0 payroll/hr fees 815 0 0 other contract svcs 122,500 6,447 0 total 137,115 10,104 0”

Financial Statement Notes

Schedule D, Page 3, Part X

“In the preparation of tax returns, tax positions are taken based on interpretation of federal and state income tax laws. Management periodically reviews and evaluates the status of uncertain tax positions and makes estimates of amounts, including interest and penalties, ultimately due or owed. No amounts have been identified, or recorded, as uncertain tax positions. Federal and state tax returns generally remain open for examination by the various taxing authorities for a period of three or four years.”

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IRS990/OtherEmployeeBenefitsGrp/TotalAmt036174
IRS990/OtherExpensesGrp/Desc0BOARD EXPENSES
IRS990/OtherExpensesGrp/Desc1LEASE EXPENSE
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3OTHER
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt024053
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11458
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2833
IRS990/OtherExpensesGrp/ProgramServicesAmt023254
IRS990/OtherExpensesGrp/ProgramServicesAmt120007
IRS990/OtherExpensesGrp/ProgramServicesAmt215817
IRS990/OtherExpensesGrp/TotalAmt024053
IRS990/OtherExpensesGrp/TotalAmt123254
IRS990/OtherExpensesGrp/TotalAmt221465
IRS990/OtherExpensesGrp/TotalAmt316650
IRS990/OtherLiabilitiesGrp/BOYAmt048530
IRS990/OtherLiabilitiesGrp/EOYAmt025276
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt05816
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0110501
IRS990/OtherSalariesAndWagesGrp/TotalAmt0116317
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0150000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0123037
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01343
IRS990/PayrollTaxesGrp/ProgramServicesAmt025507
IRS990/PayrollTaxesGrp/TotalAmt026850
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04950
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05805
IRS990/PrincipalOfficerNm0EDD SNYDER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0903361
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1426720
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0903361
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1426720
IRS990/ProgSrvcAccomActy2Grp/Desc0COVENANT HALL - PROVIDES A HOME-LIKE ENVIRONMENT FOR STUDENTS WHO DO NOT HAVE A STABLE PLACE TO LIVE. THE HALL HAS 30 BEDS AND A STAFF TO HELP THE STUDENTS TAKE CARE OF THEMSELVES AND TEACH THEM HOW TO LIVE IN THE COMMUNITY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0195033
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0426720
IRS990/ProgSrvcAccomActy3Grp/Desc0SCHOLARSHIPS - SCHOLARSHIPS ARE PROVIDED TO ELIGIBLE GRADUATES WHO ENROLL AND ATTEND POST-SECONDARY EDUCATION.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt028200
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt03500
IRS990/PYInvestmentIncomeAmt04254
IRS990/PYOtherExpensesAmt0424914
IRS990/PYProgramServiceRevenueAmt01096228
IRS990/PYRevenuesLessExpensesAmt0340368
IRS990/PYSalariesCompEmpBnftPaidAmt0359900
IRS990/PYTotalExpensesAmt0788314
IRS990/PYTotalRevenueAmt01128682
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0375500
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0903361
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER REVENUE 612,247
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt065500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt028200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0243671
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0316935
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0585669
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01239975
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt08629
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt04254
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03495
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01682
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02778
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt020838
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01330081
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01096228
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0911239
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01025062
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0696193
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05058803
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt08629
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt04254
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03495
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01682
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02778
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt020838
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0344102
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0233861
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt034284
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0612247
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.90870
IRS990ScheduleA/PublicSupportPY509Pct00.90260
IRS990ScheduleA/PublicSupportTotal509Amt06298778
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01395581
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01124428
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01154910
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01341997
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01281862
IRS990ScheduleA/Total509Grp/TotalAmt06298778
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01404210
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01128682
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01502507
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01577540
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01318924
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06931863
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01565972
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0336086
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01902058
IRS990ScheduleD/ExpensesSubtotalAmt01029023
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt010500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt010500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025276
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt01404523
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN THE PREPARATION OF TAX RETURNS, TAX POSITIONS ARE TAKEN BASED ON INTERPRETATION OF FEDERAL AND STATE INCOME TAX LAWS. MANAGEMENT PERIODICALLY REVIEWS AND EVALUATES THE STATUS OF UNCERTAIN TAX POSITIONS AND MAKES ESTIMATES OF AMOUNTS, INCLUDING INTEREST AND PENALTIES, ULTIMATELY DUE OR OWED. NO AMOUNTS HAVE BEEN IDENTIFIED, OR RECORDED, AS UNCERTAIN TAX POSITIONS. FEDERAL AND STATE TAX RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION BY THE VARIOUS TAXING AUTHORITIES FOR A PERIOD OF THREE OR FOUR YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalExpensesPerForm990Amt01029023
IRS990ScheduleD/TotalLiabilityAmt025276
IRS990ScheduleD/TotalRevenuePerForm990Amt01404523
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01404523
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01029023
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt035500
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATION/ADMINISTRA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SAGINAW COVENANT ACADEMY
IRS990ScheduleI/RecipientTable/RecipientEIN0475613722
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0508 S WASHINGTON AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SAGINAW
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd048607
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT REVIEWS FORM 990 PRIOR TO SIGNING. THE CEO AND BOARD CHAIRMAN REVIEWS FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CONTACT INFORMATION IS PROVIDED ON THE ORGANIZATION'S WEBSITE. ADDITIONALLY, THE ARTICLES OF NONPROFIT INCORPORATION AND ANNUAL REPORTS ARE AVAILABLE FROM MICHIGAN DEPT OF ENERGY, LABOR & ECONOMIC GROWTH AT WWW.DLEG.STATE.MI.US/BCS_CORP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION PAYS AXIOS CHARTER HR LLC FOR CONTRACT PERSONNEL SERVICES FOR AMANDA ACKER AS CHIEF ACADEMIC OFFICER, SAM JOSEPH AS FOUNDER AND GRETCHEN LAHAIE AS CHIEF OPERATING OFFICER. THE AMOUNT PAID FOR THOSE SERVICES IS DISCLOSED IN PART VII AND PART IX, LINE 5.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANER FEES 8,237 0 0 PAYROLL/HR SERVICES 5,563 3,657 0 PAYROLL/HR FEES 815 0 0 OTHER CONTRACT SVCS 122,500 6,447 0 TOTAL 137,115 10,104 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03152315
IRS990/TotalAssetsEOYAmt03494021
IRS990/TotalAssetsGrp/BOYAmt03152315
IRS990/TotalAssetsGrp/EOYAmt03494021
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt065500
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt058960
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0970063
IRS990/TotalFunctionalExpensesGrp/TotalAmt01029023
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0963072
IRS990/TotalLiabilitiesEOYAmt0929278

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