Civic Intelligence

Covenant Classical School

990 • Fiscal year 2019 • EIN 56-1969559

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 07, 2019

Organization ProfileWWW.COVENANTCLASSICAL.ORG
3200 Patrick Henry Drive NWConcord, NC 28027

(704) 792-1854

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.51x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

87th percentile

1.09x

Higher debt load relative to revenue than 87% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

80th percentile

23%

Higher net margin than 80% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

93rd percentile

60%

Faster asset growth than 93% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2019

Revenue Growth

57th percentile

6.8%

Faster revenue growth than 57% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2019

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$3,851,557

Up $1,700,102 (+79%) from 2018

Net Assets

Up

$1,889,346

Up $412,546 (+28%) from 2018

Liabilities

Up

$1,962,211

Up $1,287,556 (+191%) from 2018

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin80th percentile

Revenue

Up

$1,793,162

Up $312,498 (+21%) from 2018

Expenses

Up

$1,380,616

Up $109,601 (+8.6%) from 2018

Net Income

Up

$412,546

Up $202,897 (+97%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,202,188Liabilities 2011: $276,957Net Assets 2011: $925,2312011Assets 2012: $1,304,836Liabilities 2012: $322,721Net Assets 2012: $982,1152012Assets 2013: $1,217,534Liabilities 2013: $276,981Net Assets 2013: $940,5532013Assets 2014: $1,277,727Liabilities 2014: $234,477Net Assets 2014: $1,043,2502014Assets 2015: $1,135,286Liabilities 2015: $137,888Net Assets 2015: $997,3982015Assets 2016: $1,069,617Liabilities 2016: $144,520Net Assets 2016: $925,0972016Assets 2017: $1,510,976Liabilities 2017: $243,831Net Assets 2017: $1,267,1452017Assets 2018: $2,151,455Liabilities 2018: $674,655Net Assets 2018: $1,476,8002018Assets 2019: $3,851,557Liabilities 2019: $1,962,211Net Assets 2019: $1,889,3462019Assets 2020: $4,105,518Liabilities 2020: $2,084,749Net Assets 2020: $2,020,7692020Assets 2021: $4,269,977Liabilities 2021: $1,796,855Net Assets 2021: $2,473,1222021Assets 2022: $4,446,910Liabilities 2022: $1,765,944Net Assets 2022: $2,680,9662022Assets 2023: $4,509,354Liabilities 2023: $1,757,260Net Assets 2023: $2,752,0942023Assets 2024: $4,339,557Liabilities 2024: $1,549,545Net Assets 2024: $2,790,0122024

Highlighted filing

2019

Assets$3,851,557
Liabilities$1,962,211
Net Assets$1,889,346
Open 2019 Filing

Operations Trend

Revenue Growth57th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,271,478Expenses 2011: $1,211,703Net Income 2011: $59,7752011Revenue 2012: $1,314,259Expenses 2012: $1,257,375Net Income 2012: $56,8842012Revenue 2013: $1,333,855Expenses 2013: $1,375,417Net Income 2013: -$41,5622013Revenue 2014: $1,537,067Expenses 2014: $1,434,701Net Income 2014: $102,3662014Revenue 2015: $1,452,628Expenses 2015: $1,499,380Net Income 2015: -$46,7522015Revenue 2016: $1,461,129Expenses 2016: $1,531,083Net Income 2016: -$69,9542016Revenue 2017: $1,572,217Expenses 2017: $1,232,109Net Income 2017: $340,1082017Revenue 2018: $1,480,664Expenses 2018: $1,271,015Net Income 2018: $209,6492018Revenue 2019: $1,793,162Expenses 2019: $1,380,616Net Income 2019: $412,5462019Revenue 2020: $1,769,380Expenses 2020: $1,637,957Net Income 2020: $131,4232020Revenue 2021: $2,112,072Expenses 2021: $1,659,719Net Income 2021: $452,3532021Revenue 2022: $2,104,439Expenses 2022: $1,896,595Net Income 2022: $207,8442022Revenue 2023: $2,138,530Expenses 2023: $2,067,402Net Income 2023: $71,1282023Revenue 2024: $2,354,579Expenses 2024: $2,316,661Net Income 2024: $37,9182024

Highlighted filing

2019

Revenue$1,793,162
Expenses$1,380,616
Net Income$412,546
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 7, 2019
Return Version
2018v3.1
Gross Receipts
$1,805,541
Mission and Program Overview

Mission

Primary and secondary education

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,627,701$3,100,364▲ $1,472,663
Cash and Non-Interest-Bearing Accounts$308,992$482,563▲ $173,571
Investments in Publicly Traded Securities$12,290--
Accounts Receivable$22,945$4,003▼ $18,942
Prepaid Expenses and Deferred Charges$1,000$1,267▲ $267
Total Assets$2,151,455$3,851,557▲ $1,700,102
Other Assets Total$178,527$263,360▲ $84,833
Liabilities
Mortgage Notes Payable Secured by Investment Property$357,610$1,573,433▲ $1,215,823
Deferred Revenue$260,417$369,680▲ $109,263
Accounts Payable and Accrued Expenses$56,628$19,098▼ $37,530
Total Liabilities$674,655$1,962,211▲ $1,287,556
Net Assets / Fund Balance
Unrestricted Net Assets$1,469,648$1,704,623▲ $234,975
Temporarily Rstr Net Assets$7,152$184,723▲ $177,571
Total Net Assets Fund Balance$1,476,800$1,889,346▲ $412,546
Total Liabilities and Net Assets / Fund Balance$2,151,455$3,851,557▲ $1,700,102

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,774,512$564,929-
Other Land Buildings$54,954$57,639-
Land$225,607--
Equipment$45,291$239,662-
Other Assets Org$25,360--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Brylan GannBoard Chair
Ashton GantzBoard Member
Beverly DavisBoard Member
Chris HillBoard Member
Karen KernBoard Member
Russ LejeuneBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$380,004
Program Service Revenue
$1,401,248
Investment Income
$17
Other Revenue
$11,893
All Other Contributions
$380,004
Change in Net Assets
$412,546
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$990,414
Other Expenses$390,202
Total Fundraising Expense$8,958
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$652,872$184,144-$837,016
Occupancy$93,998$23,499-$117,497
Other Employee Benefits$72,744$20,517-$93,261
Depreciation Depletion$55,371$24,876-$80,247
Payroll Taxes$46,907$13,230-$60,137
Advertising$24,229$10,885-$35,114
Interest$24,699--$24,699
All Other Expenses$15,749$7,572$979$24,300
Insurance$13,588$6,104-$19,692
Office Expenses$5,791$6,473-$12,264
Fees for Services Accounting$985$8,861-$9,846
Fees for Services Other$8,867--$8,867
Other Expenses$9,570$7,093$7,979$7,093
Travel-$2,917-$2,917
Total Functional Expenses$1,055,487$316,171$8,958$1,380,616
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$11,893
Fundraising Direct Expenses$0
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Form 990 is reviewed at board meeting prior to filing”

Form 990, Part VI, Section B, Line 12C

“Periodic discussions with applicable parties”

Form 990, Part VI, Section B, Line 15

“Direct communication with similar organizations by board members”

Form 990, Part VI, Section C, Line 18

“Forms 1023 and 990 available for review at school offices upon request”

Form 990, Part VI, Section C, Line 19

“All financial information is available upon request”

Filing and Contact Details

Filer

Filer Name
Covenant Classical School
EIN
56-1969559
Phone
7047921854
Address
3200 PATRICK HENRY DRIVE NW, CONCORD, NC 28027

Signing Officer

Name
Brylan Gann
Title
Board Chair
Phone
7047821854
Signed
2019-10-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brylan Gann
Formed
1996
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
0
Employees
45
Volunteers
0

Preparer

Firm
Potter & Company Pa
Address
434 COPPERFIELD BLVD NE STE A, CONCORD, NC 28025
Preparer
Kenni E Doyle CPA
Phone
7047868189
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The school has adopted asc 740-10 as it relates to uncertain tax positions for the years ended june 30, 2019 and 2018 and has evaluated its tax positions ofr all open tax years. However, the school is not currently under audit nor has the school been contacted by the internal revenue service. Based on an evaluation of the school's tax positions, management believes all positions taken would be upheld under an examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the years ended june 30, 2019 and 2018.”

Raw XML AppendixShowing 400 of 412 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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IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0564929
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt03339441
IRS990ScheduleD/EquipmentGrp/BookValueAmt045291
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0239662
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0225607
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0238000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt125360
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CASH IN BANK - RESTRICTED
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LOAN FEES, NET OF ACCUMULATED AMORTIZATION
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt054954
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt057639
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0112593
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS ADOPTED ASC 740-10 AS IT RELATES TO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED JUNE 30, 2019 AND 2018 AND HAS EVALUATED ITS TAX POSITIONS OFR ALL OPEN TAX YEARS. HOWEVER, THE SCHOOL IS NOT CURRENTLY UNDER AUDIT NOR HAS THE SCHOOL BEEN CONTACTED BY THE INTERNAL REVENUE SERVICE. BASED ON AN EVALUATION OF THE SCHOOL'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEARS ENDED JUNE 30, 2019 AND 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0263360
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NON-DISCRIMINATORY POLICY PUBLICIZED IN SCHOOL BROCHURE, LOCAL NEWPAPER AND IN ADVERTISING ON LOCAL RADIO PROGRAM
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED AT BOARD MEETING PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PERIODIC DISCUSSIONS WITH APPLICABLE PARTIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECT COMMUNICATION WITH SIMILAR ORGANIZATIONS BY BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORMS 1023 AND 990 AVAILABLE FOR REVIEW AT SCHOOL OFFICES UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL FINANCIAL INFORMATION IS AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt07152
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0184723
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02151455
IRS990/TotalAssetsEOYAmt03851557
IRS990/TotalAssetsGrp/BOYAmt02151455
IRS990/TotalAssetsGrp/EOYAmt03851557
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0380004
IRS990/TotalEmployeeCnt045
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt08958
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0316171
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01055487
IRS990/TotalFunctionalExpensesGrp/TotalAmt01380616
IRS990/TotalGrossUBIAmt01401248
IRS990/TotalLiabilitiesBOYAmt0674655
IRS990/TotalLiabilitiesEOYAmt01962211
IRS990/TotalLiabilitiesGrp/BOYAmt0674655
IRS990/TotalLiabilitiesGrp/EOYAmt01962211
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01476800
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01889346
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt078796
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt078796
IRS990/TotalProgramServiceExpensesAmt01055487
IRS990/TotalProgramServiceRevenueAmt01401248
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt011910
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01793162
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01401248
IRS990/TotalVolunteersCnt00
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IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TravelGrp/TotalAmt02917
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01469648
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01704623
IRS990/UponRequestInd0X
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IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028027
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.COVENANTCLASSICAL.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRYLAN GANN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum07047821854
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COVENANT CLASSICAL SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0COVE
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
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ReturnHeader/FilingSecurityInformation/IPDt02019-10-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm008:42:30
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561220683

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,851,557
Liabilities
$1,962,211
Net assets
$1,889,346
Revenue
$1,793,162
Expenses
$1,380,616
Net income
$412,546
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.34$1.55$2.79$2.35$2.32$0.04
2023Detailed filing. Detailed filing data is available for this year.$4.51$1.76$2.75$2.14$2.07$0.07
2022Detailed filing. Detailed filing data is available for this year.$4.45$1.77$2.68$2.10$1.90$0.21
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.27$1.80$2.47$2.11$1.66$0.45
2020Detailed filing. Detailed filing data is available for this year.$4.11$2.08$2.02$1.77$1.64$0.13
2019Detailed filing. Detailed filing data is available for this year.$3.85$1.96$1.89$1.79$1.38$0.41
2018Detailed filing. Detailed filing data is available for this year.$2.15$0.67$1.48$1.48$1.27$0.21
2017Detailed filing. Detailed filing data is available for this year.$1.51$0.24$1.27$1.57$1.23$0.34
2016Detailed filing. Detailed filing data is available for this year.$1.07$0.14$0.93$1.46$1.53$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.14$0.14$1.00$1.45$1.50$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.28$0.23$1.04$1.54$1.43$0.10
2013Summary only. Only limited summary data is available for this year.$1.22$0.28$0.94$1.33$1.38$0.04
2012Summary only. Only limited summary data is available for this year.$1.30$0.32$0.98$1.31$1.26$0.06
2011Summary only. Only limited summary data is available for this year.$1.20$0.28$0.93$1.27$1.21$0.06