Civic Intelligence

Covenant Academies Foundation

990 • Fiscal year 2022 • EIN 47-5613722

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 23, 2023

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

78th percentile

0.35x

Higher debt load relative to assets than 78% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

86th percentile

0.87x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

76th percentile

25%

Higher net margin than 76% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

70th percentile

$103,533

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

52nd percentile

2.1%

Faster asset growth than 52% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

23rd percentile

-14%

Faster revenue growth than 23% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$2,847,877

Up $57,824 (+2.1%) from 2021

Net Assets

Up

$1,840,046

Up $293,864 (+19%) from 2021

Liabilities

Down

$1,007,831

Down $236,040 (-19%) from 2021

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin76th percentile

Revenue

Down

$1,154,910

Down $187,087 (-14%) from 2021

Expenses

Down

$861,046

Down $57,818 (-6.3%) from 2021

Net Income

Down

$293,864

Down $129,269 (-31%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth52nd 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

2022

Assets$2,847,877
Liabilities$1,007,831
Net Assets$1,840,046
Open 2022 Filing

Operations Trend

Revenue Growth23rd 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

2022

Revenue$1,154,910
Expenses$861,046
Net Income$293,864
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 23, 2023
Return Version
2021v4.0
Gross Receipts
$1,154,910
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$1,514,390$1,459,673▼ $54,717
Cash and Non-Interest-Bearing Accounts$968,578$1,276,354▲ $307,776
Other Notes and Loans Receivable, Net$250,000$100,000▼ $150,000
Accounts Receivable$41,607$9,652▼ $31,955
Prepaid Expenses and Deferred Charges$15,177$1,696▼ $13,481
Savings and Temporary Cash Investments$301$502▲ $201
Total Assets$2,790,053$2,847,877▲ $57,824
Liabilities
Unsecured Notes Loans Payable$1,232,055$1,000,000▼ $232,055
Accounts Payable and Accrued Expenses$11,816$4,753▼ $7,063
Deferred Revenue-$3,078-
Total Liabilities$1,243,871$1,007,831▼ $236,040
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,342,446$1,623,809▲ $281,363
Net Assets With Donor Restrictions$203,736$216,237▲ $12,501
Total Net Assets Fund Balance$1,546,182$1,840,046▲ $293,864
Total Liabilities and Net Assets / Fund Balance$2,790,053$2,847,877▲ $57,824

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,449,173$221,076$1,670,249
Land$10,500-$10,500
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sam JosephFounderFT$77,682$25,851$103,533
Gretchen LahaieChief Oper OFT$87,692$5,208$92,900
Amanda AckerChief AcademFT$88,450$3,381$91,831

Board Members and Trustees

NameTitle
Edd SnyderPresident
Judge Greg PittmanDirector
Sam BealsDirector
Sandi JonesDirector
Jim WolohanSecretary
Joe KaplanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$243,671
Program Service Revenue
$563,642
Investment Income
$3,495
Other Revenue
$344,102
All Other Contributions
$161,616
Change in Net Assets
$293,864

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,154,910
Total Revenue per Audited Statements
$1,154,910
Total Revenue per Form 990
$1,154,910
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$407,372
Salaries, Compensation, and Employee Benefits$331,174
Grants and Similar Amounts Paid$122,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$142,636$7,507-$150,143
Occupancy$138,374--$138,374
Other Salaries and Wages$130,653$6,876-$137,529
Grants to Domestic Orgs$120,000--$120,000
Fees for Services Other$61,896$2,536-$64,432
Depreciation Depletion$54,717--$54,717
Fees for Services Legal$36,885$3,466-$40,351
Interest$34,189--$34,189
Travel$30,619--$30,619
Other Employee Benefits$20,780$1,094-$21,874
Payroll Taxes$20,547$1,081-$21,628
Fees for Services Accounting$15,250--$15,250
Information Technology$3,246$171-$3,417
Grants to Domestic Individuals$2,500--$2,500
Other Expenses$5,259$1,384-$1,384
Advertising$1,314$69-$1,383
Total Functional Expenses$818,865$42,181$0$861,046

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$861,046
Total Expenses per Audited Statements$861,046
Total Expenses per Form 990$861,046
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Saginaw Covenant AcademySaginaw, MI-Education/administra$112,500
Kalamazoo Covenant AcademyKalamazoo, MI-Education/administra$7,500
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
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
2023-03-23
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/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/ExpenseAmt0139805
IRS990/ProgSrvcAccomActy3Grp/Desc0SCHOLARSHIPS - SCHOLARSHIPS ARE PROVIDED TO ELIGIBLE GRADUATES WHO ENROLL AND ATTEND POST-SECONDARY EDUCATION.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt02500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0316935
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0129885
IRS990/PYInvestmentIncomeAmt01682
IRS990/PYOtherExpensesAmt0296914
IRS990/PYOtherRevenueAmt0301731
IRS990/PYProgramServiceRevenueAmt0721649
IRS990/PYRevenuesLessExpensesAmt0423133
IRS990/PYSalariesCompEmpBnftPaidAmt0492065
IRS990/PYTotalExpensesAmt0918864
IRS990/PYTotalRevenueAmt01341997
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0293864
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0563642
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0301
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0502
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER REVENUE 649,771
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0243671
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0316935
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0585669
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0544210
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0674406
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02364891
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03495
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01682
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02778
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt05585
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt06012
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt019552
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0911239
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01025062
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0696193
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0712366
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0412022
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03756882
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03495
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01682
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02778
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt05585
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt06012
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt019552
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0344102
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0233861
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt034284
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt034514
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03010
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0649771
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.90140
IRS990ScheduleA/PublicSupportPY509Pct00.99650
IRS990ScheduleA/PublicSupportTotal509Amt06121773
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01154910
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01341997
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01281862
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01256576
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01086428
IRS990ScheduleA/Total509Grp/TotalAmt06121773
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01502507
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01577540
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01318924
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01296675
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01095450
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06791096
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/BookValueAmt01449173
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0221076
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01670249
IRS990ScheduleD/ExpensesSubtotalAmt0861046
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt010500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt010500
IRS990ScheduleD/RevenueSubtotalAmt01154910
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/TotalBookValueLandBuildingsAmt01459673
IRS990ScheduleD/TotalExpensesPerForm990Amt0861046
IRS990ScheduleD/TotalRevenuePerForm990Amt01154910
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01154910
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0861046
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt07500
IRS990ScheduleI/RecipientTable/CashGrantAmt1112500
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 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/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VII
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02790053
IRS990/TotalAssetsEOYAmt02847877
IRS990/TotalAssetsGrp/BOYAmt02790053
IRS990/TotalAssetsGrp/EOYAmt02847877
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0243671
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042181
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0818865
IRS990/TotalFunctionalExpensesGrp/TotalAmt0861046
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01243871
IRS990/TotalLiabilitiesEOYAmt01007831
IRS990/TotalLiabilitiesGrp/BOYAmt01243871
IRS990/TotalLiabilitiesGrp/EOYAmt01007831

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,847,877
Liabilities
$1,007,831
Net assets
$1,840,046
Revenue
$1,154,910
Expenses
$861,046
Net income
$293,864
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