Civic Intelligence

Covenant Academies Foundation

990 • Fiscal year 2020 • EIN 47-5613722

Jul 01, 2019 to Jun 30, 2020 • Filed on May 07, 2021

Organization ProfileCOVENANTACADEMIESFOUNDATION.ORG
125 Catherine AvenueMuskegon, MI 49442

(231) 720-3100

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.54x

Higher debt load relative to assets than 82% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

86th percentile

1.04x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

59th percentile

10%

Higher net margin than 59% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

69th percentile

$100,395

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

13th percentile

-6.0%

Faster asset growth than 13% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

67th percentile

12%

Faster revenue growth than 67% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$2,452,444

Down $155,278 (-6.0%) from 2019

Net Assets

Up

$1,123,049

Up $128,956 (+13%) from 2019

Liabilities

Down

$1,329,395

Down $284,234 (-18%) from 2019

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin59th percentile

Revenue

Up

$1,281,862

Up $132,994 (+12%) from 2019

Expenses

Down

$1,152,906

Down $44,797 (-3.7%) from 2019

Net Income

Up

$128,956

Up $177,791 (+364%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$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

2020

Assets$2,452,444
Liabilities$1,329,395
Net Assets$1,123,049
Open 2020 Filing

Operations Trend

Revenue Growth67th percentile

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$1,281,862
Expenses$1,152,906
Net Income$128,956
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 7, 2021
Return Version
2019v5.0
Gross Receipts
$1,281,862
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$1,595,082$1,540,365▼ $54,717
Cash and Non-Interest-Bearing Accounts$130,833$523,869▲ $393,036
Other Notes and Loans Receivable, Net$541,658$300,000▼ $241,658
Accounts Receivable$319,814$74,760▼ $245,054
Savings and Temporary Cash Investments$15,335$12,249▼ $3,086
Prepaid Expenses and Deferred Charges$5,000$1,201▼ $3,799
Total Assets$2,607,722$2,452,444▼ $155,278
Liabilities
Unsecured Notes Loans Payable$1,538,179$1,284,125▼ $254,054
Accounts Payable and Accrued Expenses$38,950$45,270▲ $6,320
Deferred Revenue$36,500--
Total Liabilities$1,613,629$1,329,395▼ $284,234
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$940,746$1,006,316▲ $65,570
Net Assets With Donor Restrictions$53,347$116,733▲ $63,386
Total Net Assets Fund Balance$994,093$1,123,049▲ $128,956
Total Liabilities and Net Assets / Fund Balance$2,607,722$2,452,444▼ $155,278

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,529,865$111,642$1,641,507
Land$10,500-$10,500
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sam JosephFounderFT$75,672$24,723$100,395
Gretchen LahaieChief Oper OFT$83,124$11,178$94,302
Jon FelskeChief Exec OFT$86,264-$86,264

Board Members and Trustees

NameTitle
Edd SnyderPresident
Jim TylerDirector
Judge Greg PittmanDirector
Sam BealsDirector
Sandi JonesDirector
Amanda AckerChief Academ
Jim WolohanSecretary
Jim HeathTreasurer
Joe KaplanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$585,669
Program Service Revenue
$659,131
Investment Income
$2,778
Other Revenue
$34,284
All Other Contributions
$344,197
Change in Net Assets
$128,956

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,281,862
Total Revenue per Audited Statements
$1,281,862
Total Revenue per Form 990
$1,281,862
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$538,937
Other Expenses$357,072
Grants and Similar Amounts Paid$256,897
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$249,725$16,139-$265,864
Grants to Domestic Orgs$256,897--$256,897
Other Salaries and Wages$176,841$11,429-$188,270
Fees for Services Other$53,260$17,695-$70,955
Depreciation Depletion$54,717--$54,717
Fees for Services Legal$22,633$22,612-$45,245
Other Employee Benefits$43,969$541-$44,510
Occupancy$41,890--$41,890
Interest$40,672--$40,672
Payroll Taxes$38,171$2,122-$40,293
Travel$30,266--$30,266
Fees for Services Accounting$18,155--$18,155
Other Expenses$4,261$2,501-$6,762
All Other Expenses$6,200--$6,200
Information Technology$1,657$710-$2,367
Advertising$525$225-$750
Office Expenses$691--$691
Conferences and Meetings$247--$247
Total Functional Expenses$1,063,542$89,364$0$1,152,906

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,152,906
Total Expenses per Audited Statements$1,152,906
Total Expenses per Form 990$1,152,906
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Kalamazoo Covenant AcademyKalamazoo, MI-Education/administra$206,897
Saginaw Covenant AcademySaginaw, MI-Education/administra$50,000
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
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 jon felske as chief executive 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
2021-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edd Snyder
Formed
2015
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

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

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/OtherExpensesGrp/Desc0MEALS
IRS990/OtherExpensesGrp/Desc1BOARD EXPENSES
IRS990/OtherExpensesGrp/Desc2OTHER
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012922
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12468
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22501
IRS990/OtherExpensesGrp/ProgramServicesAmt017006
IRS990/OtherExpensesGrp/ProgramServicesAmt15759
IRS990/OtherExpensesGrp/ProgramServicesAmt24261
IRS990/OtherExpensesGrp/TotalAmt017006
IRS990/OtherExpensesGrp/TotalAmt112922
IRS990/OtherExpensesGrp/TotalAmt28227
IRS990/OtherExpensesGrp/TotalAmt36762
IRS990/OtherRevenueMiscGrp/Desc0REIMBURSEMENTS
IRS990/OtherRevenueMiscGrp/Desc1OTHER
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt034189
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt195
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt034189
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt195
IRS990/OtherRevenueTotalAmt034284
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt011429
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0176841
IRS990/OtherSalariesAndWagesGrp/TotalAmt0188270
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0541658
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0300000
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02122
IRS990/PayrollTaxesGrp/ProgramServicesAmt038171
IRS990/PayrollTaxesGrp/TotalAmt040293
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01201
IRS990/PrincipalOfficerNm0EDD SNYDER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0659131
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0659131
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/ExpenseAmt0296981
IRS990/ProgSrvcAccomActy3Grp/Desc0SCHOLARSHIPS - SCHOLARSHIPS ARE PROVIDED TO ELIGIBLE GRADUATES WHO ENROLL AND ATTEND POST-SECONDARY EDUCATION.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt02000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0544210
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-102123
IRS990/PYOtherExpensesAmt0665457
IRS990/PYOtherRevenueAmt034514
IRS990/PYProgramServiceRevenueAmt0672267
IRS990/PYRevenuesLessExpensesAmt0-48835
IRS990/PYSalariesCompEmpBnftPaidAmt0532246
IRS990/PYTotalExpensesAmt01197703
IRS990/PYTotalRevenueAmt01148868
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0128956
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0659131
IRS990/SavingsAndTempCashInvstGrp/BOYAmt015335
IRS990/SavingsAndTempCashInvstGrp/EOYAmt012249
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER REVENUE 3,465
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0585669
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0544210
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0674406
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0597367
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02401652
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02778
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05585
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt06012
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01015
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt015390
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0696193
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0712366
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0412022
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0298000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02118581
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02778
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05585
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt06012
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01015
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt015390
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt095
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0325
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt035
IRS990ScheduleA/OtherIncome509Grp/TotalAmt03465
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99580
IRS990ScheduleA/PublicSupportPY509Pct00.99490
IRS990ScheduleA/PublicSupportTotal509Amt04520233
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01281862
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01256576
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01086428
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0895367
IRS990ScheduleA/Total509Grp/TotalAmt04520233
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01284735
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01262486
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01095450
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0896417
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04539088
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/BookValueAmt01529865
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0111642
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01641507
IRS990ScheduleD/ExpensesSubtotalAmt01152906
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt010500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt010500
IRS990ScheduleD/RevenueSubtotalAmt01281862
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
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01540365
IRS990ScheduleD/TotalExpensesPerForm990Amt01152906
IRS990ScheduleD/TotalRevenuePerForm990Amt01281862
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01281862
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01152906
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0206897
IRS990ScheduleI/RecipientTable/CashGrantAmt150000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATION/ADMINISTRA
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1EDUCATION/ADMINISTRA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0KALAMAZOO COVENANT ACADEMY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1SAGINAW COVENANT ACADEMY
IRS990ScheduleI/RecipientTable/RecipientEIN0474480487
IRS990ScheduleI/RecipientTable/RecipientEIN1475613722
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0400 W CROSSTOWN PARKWAY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1508 S WASHINGTON AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0KALAMAZOO
IRS990ScheduleI/RecipientTable/USAddress/CityNm1SAGINAW
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd049001
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd148607
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 JON FELSKE AS CHIEF EXECUTIVE 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/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,452,444
Liabilities
$1,329,395
Net assets
$1,123,049
Revenue
$1,281,862
Expenses
$1,152,906
Net income
$128,956
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