Civic Intelligence

Covenant Theological Seminary

990 • Fiscal year 2016 • EIN 56-2278236

Jan 01, 2016 to Dec 31, 2016 • Filed on Jan 31, 2017

Organization ProfileWWW.COVENANTTHEOLOGICAL.NET
PO Box 1177Greenville, NC 27835

(252) 355-2888

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

28th percentile

-6.5%

Higher net margin than 28% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

81st percentile

$14,744

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 27.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

9th percentile

-48%

Faster asset growth than 9% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

36th percentile

-8.2%

Faster revenue growth than 36% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets56th percentile

Assets

Flat

$3,810

Flat from 2016

Net Assets

Flat

$3,810

Flat from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin28th percentile

Revenue

Flat

$54,607

Flat from 2016

Expenses

Flat

$58,134

Flat from 2016

Net Income

Flat

-$3,527

Flat from 2016

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$40K$30K$20K$10K$0Assets 2011: $3,590Liabilities 2011: $1,292Net Assets 2011: $2,2982011Assets 2012: $1,810Liabilities 2012: $1,715Net Assets 2012: $952012Assets 2013: $2,647Liabilities 2013: $1,213Net Assets 2013: $1,4342013Assets 2014: $3,408Liabilities 2014: $0Net Assets 2014: $3,4082014Assets 2015: $7,337Liabilities 2015: $0Net Assets 2015: $7,3372015Assets 2016: $3,810Liabilities 2016: $0Net Assets 2016: $3,8102016Assets 2016: $3,810Liabilities 2016: $0Net Assets 2016: $3,8102016Assets 2017: $4,639Liabilities 2017: $0Net Assets 2017: $4,6392017Assets 2018: $1,593Liabilities 2018: $632Net Assets 2018: $9612018Assets 2019: $4,155Liabilities 2019: $132Net Assets 2019: $4,0232019Assets 2021: $36,887Liabilities 2021: $0Net Assets 2021: $36,8872021Assets 2024: $28,326Net Assets 2024: $28,3262024

Highlighted filing

2016

Assets$3,810
Liabilities$0
Net Assets$3,810
Open 2016 Filing

Operations Trend

Revenue Growth36th percentile

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

$150K$100K$50K$0-$50KRevenue 2011: $61,102Expenses 2011: $61,061Net Income 2011: $412011Revenue 2012: $42,519Expenses 2012: $44,722Net Income 2012: -$2,2032012Revenue 2013: $47,653Expenses 2013: $46,314Net Income 2013: $1,3392013Revenue 2014: $57,507Expenses 2014: $55,533Net Income 2014: $1,9742014Revenue 2015: $59,463Expenses 2015: $55,534Net Income 2015: $3,9292015Revenue 2016: $54,607Expenses 2016: $58,134Net Income 2016: -$3,5272016Revenue 2016: $54,607Expenses 2016: $58,134Net Income 2016: -$3,5272016Revenue 2017: $73,137Expenses 2017: $72,308Net Income 2017: $8292017Revenue 2018: $58,478Expenses 2018: $62,156Net Income 2018: -$3,6782018Revenue 2019: $30,343Expenses 2019: $27,281Net Income 2019: $3,0622019Revenue 2021: $37,797Expenses 2021: $19,063Net Income 2021: $18,7342021Revenue 2024: $100,484Expenses 2024: $72,158Net Income 2024: $28,3262024

Highlighted filing

2016

Revenue$54,607
Expenses$58,134
Net Income-$3,527
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jan 31, 2017
Return Version
2016v3.0
Gross Receipts
$54,607
Mission and Program Overview

Mission

To train adults in the ministry of the church; to establish a mission department of missionaries & receive monies for such; to grant degrees, honorary degrees, & reissue diplomas to those who earned them; to give credit to those who accumulate data in their work of travel, literature, art, teaching, & writing studies; to establish new schools to do the same; to own property to further ministries; & to have seminars for credits or as audits.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$4,362$1,999▼ $2,363
Cash and Non-Interest-Bearing Accounts$2,525$1,361▼ $1,164
Savings and Temporary Cash Investments$450$450→ $0
Total Assets$7,337$3,810▼ $3,527
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$7,337$3,810▼ $3,527
Total Net Assets Fund Balance$7,337$3,810▼ $3,527
Total Liabilities and Net Assets / Fund Balance$7,337$3,810▼ $3,527

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$860$860
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ron HornerDirectorPT$14,744$14,744
Max O FlynnPresidentPT$6,441$6,441

Board Members and Trustees

NameTitle
David MccoachDirector
Judith FlynnDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$54,607
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$54,607
Change in Net Assets
$-3,527
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$36,949
Salaries, Compensation, and Employee Benefits$21,185
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$6,441$14,744-$21,185
Fees for Services Other$5,891$12,479-$18,370
Conferences and Meetings$9,543--$9,543
Office Expenses-$3,985-$3,985
Fees for Services Accounting-$1,570-$1,570
Fees for Services Legal-$960-$960
Other Expenses-$144-$144
Total Functional Expenses$21,875$36,259$0$58,134
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
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 2

“Max o. Flynn judith flynn president director married”

Form 990, Page 6, Part VI, Line 11B

“The board of directors review the form 990 for accuracy before signing and mailing it.”

Form 990, Page 6, Part VI, Line 19

“Through the website or contact with a director one may request to view the governing documents of the organization or ask questions concerning the particulars of the documents.”

Filing and Contact Details

Filer

Filer Name
Covenant Theological Seminary
EIN
56-2278236
Phone
2523552888
Address
PO BOX 1177, GREENVILLE, NC 27835

Signing Officer

Name
Max O Flynn
Title
President
Phone
2523552888
Signed
2017-01-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Max O Flynn
Formed
1990
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Michael V Joyner & Co CPA Pa
Address
2865 CHARLES BLVD, GREENVILLE, NC 27858-5934
Preparer
Debra J Carson
Phone
2523530677
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To train adults in the ministry of the church; to establish a mission department of missionaries & receive monies for such; to grant degrees, honorary degrees, & reissue diplomas to those who earned them; to give credit to those who accumulate data in their work of travel, literature, art, teaching, & writing studies; to establish new schools to do the same; to own property to further ministries; & to have seminars for credits or as audits.”

Form 990, Part IX, Line 11G

“Contract labor 0 3,089 0 website 0 1,878 0 educational mat'ls/books 5,891 0 0 copier expense/lease 0 6,109 0 meals 0 1,403 0 total 5,891 12,479 0”

Raw XML Appendix334 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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0COVENANT THEOLOGICAL SEMINARY, INC. PUBLISHES ITS NON-DISCRIMINATION POLICY VIA ITS WEBSITE, STATING: "APPLICANTS FOR ADMISSION TO CTS ARE CONSIDERED WITHOUT REGARD TO SEX, AGE, COLOR, OR NATIONAL ORIGIN. EACH PROSPECTIVE STUDENT WILL BE ASSESSED ACCORDING TO HIS OR HER ACADEMIC BACKGROUND."
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO TRAIN ADULTS IN THE MINISTRY OF THE CHURCH; TO ESTABLISH A MISSION DEPARTMENT OF MISSIONARIES & RECEIVE MONIES FOR SUCH; TO GRANT DEGREES, HONORARY DEGREES, & REISSUE DIPLOMAS TO THOSE WHO EARNED THEM; TO GIVE CREDIT TO THOSE WHO ACCUMULATE DATA IN THEIR WORK OF TRAVEL, LITERATURE, ART, TEACHING, & WRITING STUDIES; TO ESTABLISH NEW SCHOOLS TO DO THE SAME; TO OWN PROPERTY TO FURTHER MINISTRIES; & TO HAVE SEMINARS FOR CREDITS OR AS AUDITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MAX O. FLYNN JUDITH FLYNN PRESIDENT DIRECTOR MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEW THE FORM 990 FOR ACCURACY BEFORE SIGNING AND MAILING IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THROUGH THE WEBSITE OR CONTACT WITH A DIRECTOR ONE MAY REQUEST TO VIEW THE GOVERNING DOCUMENTS OF THE ORGANIZATION OR ASK QUESTIONS CONCERNING THE PARTICULARS OF THE DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACT LABOR 0 3,089 0 WEBSITE 0 1,878 0 EDUCATIONAL MAT'LS/BOOKS 5,891 0 0 COPIER EXPENSE/LEASE 0 6,109 0 MEALS 0 1,403 0 TOTAL 5,891 12,479 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt03300
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1937
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH RECEIVED
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CASH PAID
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0FLYNN FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1FLYNN FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine2Txt0FLYNN FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine2Txt1FLYNN FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0R
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1S
IRS990ScheduleR/TransferFromOtherOrgInd0true
IRS990ScheduleR/TransferToOtherOrgInd0true
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07337
IRS990/TotalAssetsEOYAmt03810
IRS990/TotalAssetsGrp/BOYAmt07337
IRS990/TotalAssetsGrp/EOYAmt03810
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt054607
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt036259
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt021875
IRS990/TotalFunctionalExpensesGrp/TotalAmt058134
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07337
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03810
IRS990/TotalProgramServiceExpensesAmt021875
IRS990/TotalReportableCompFromOrgAmt021185
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt054607
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07337
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03810
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt07337
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03810
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0114 ROBIN ROAD
IRS990/USAddress/CityNm0GREENVILLE
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027858
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.COVENANTTHEOLOGICAL.NET
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MAX O FLYNN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02523552888
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COVENANT THEOLOGICAL SEMINARY
ReturnHeader/Filer/BusinessNameControlTxt0COVE
ReturnHeader/Filer/EIN0562278236
ReturnHeader/Filer/PhoneNum02523552888
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1177
ReturnHeader/Filer/USAddress/CityNm0GREENVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027835
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId08D493D21967FC97C6869ABDE4ABA562D5D38DB97
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId04480457DEB03AF11558DD2D9AA60DAECA2C3F516
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561618857
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MICHAEL V JOYNER & CO CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02865 CHARLES BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0278585934
ReturnHeader/PreparerPersonGrp/PhoneNum02523530677
ReturnHeader/PreparerPersonGrp/PreparationDt02017-01-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DEBRA J CARSON
ReturnHeader/ReturnTs02017-02-06T19:36:15-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,810
Liabilities
$0
Net assets
$3,810
Revenue
$54,607
Expenses
$58,134
Net income
-$3,527
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.28$0.28$1.00$0.72$0.28
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$0.00$0.37$0.38$0.19$0.19
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.04$0.00$0.04$0.30$0.27$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.02$0.01$0.01$0.58$0.62$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.05$0.00$0.05$0.73$0.72$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.55$0.58$0.04
2016Summary only. Only limited summary data is available for this year.$0.04$0.00$0.04$0.55$0.58$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.59$0.56$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.58$0.56$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.03$0.01$0.01$0.48$0.46$0.01
2012Summary only. Only limited summary data is available for this year.$0.02$0.02$0.00$0.43$0.45$0.02
2011Summary only. Only limited summary data is available for this year.$0.04$0.01$0.02$0.61$0.61$0.00