Civic Intelligence

Covington Theological Seminary Inc

EIN 58-1554537 • 501(c)3 • Ringgold, GA

Profile

The organization provides post

7623 Alabama HighwayRinggold, GA 30736

www.covingtonseminary.org

Siviq Scores

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

Liabilities / Assets

85th percentile

0.30x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

90th percentile

0.37x

Higher debt load relative to revenue than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

32nd percentile

-8.3%

Higher net margin than 32% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

48th percentile

-2.9%

Faster asset growth than 48% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

37th percentile

-16%

Faster revenue growth than 37% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$160,198

Down $4,723 (-2.9%) from 2020

Liabilities

Down

$47,912

Down $11,324 (-19%) from 2020

Net Assets

$112,286

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue90th percentileNet Margin32nd percentile

Revenue

Down

$131,082

Down $24,614 (-16%) from 2020

Expenses

Down

$141,929

Down $13,851 (-8.9%) from 2020

Net Income

Down

-$10,847

Down $10,763 (-12813%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth48th percentile

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

$800K$600K$400K$200K$0Assets 2011: $549,886Liabilities 2011: $27,759Net Assets 2011: $522,1272011Assets 2012: $563,193Liabilities 2012: $23,815Net Assets 2012: $539,3782012Assets 2013: $601,350Liabilities 2013: $21,112Net Assets 2013: $580,2382013Assets 2014: $660,596Liabilities 2014: $33,105Net Assets 2014: $627,4912014Assets 2015: $680,872Liabilities 2015: $24,987Net Assets 2015: $655,8852015Assets 2016: $177,394Liabilities 2016: $18,869Net Assets 2016: $158,5252016Assets 2017: $150,485Liabilities 2017: $16,449Net Assets 2017: $134,0362017Assets 2018: $127,961Liabilities 2018: $15,998Net Assets 2018: $111,9632018Assets 2019: $122,125Liabilities 2019: $16,356Net Assets 2019: $105,7692019Assets 2020: $164,921Liabilities 2020: $59,2362020Assets 2021: $160,198Liabilities 2021: $47,912Net Assets 2021: $112,2862021

Highlighted filing

2021

Assets$160,198
Liabilities$47,912
Net Assets$112,286
Open 2021 Filing

Operations Trend

Revenue Growth37th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $433,106Expenses 2011: $409,160Net Income 2011: $23,9462011Expenses 2012: $380,7882012Revenue 2013: $350,103Expenses 2013: $321,488Net Income 2013: $28,6152013Revenue 2014: $263,322Expenses 2014: $294,990Net Income 2014: -$31,6682014Revenue 2015: $287,806Expenses 2015: $290,119Net Income 2015: -$2,3132015Revenue 2016: $227,107Expenses 2016: $272,210Net Income 2016: -$45,1032016Revenue 2017: $163,990Expenses 2017: $178,642Net Income 2017: -$14,6522017Revenue 2018: $160,096Expenses 2018: $184,844Net Income 2018: -$24,7482018Revenue 2019: $148,720Expenses 2019: $165,911Net Income 2019: -$17,1912019Revenue 2020: $155,696Expenses 2020: $155,780Net Income 2020: -$842020Revenue 2021: $131,082Expenses 2021: $141,929Net Income 2021: -$10,8472021

Highlighted filing

2021

Revenue$131,082
Expenses$141,929
Net Income-$10,847
Open 2021 Filing

Filings

Most recent year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$160,198
Liabilities
$47,912
Net assets
$112,286
Revenue
$131,082
Expenses
$141,929
Net income
-$10,847
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$1.60$0.48$1.12$1.31$1.42$0.11
2020Summary only. Only limited summary data is available for this year.$1.65$0.59$1.56$1.56$0.00
2019Detailed filing. Detailed filing data is available for this year.$1.22$0.16$1.06$1.49$1.66$0.17
2018Detailed filing. Detailed filing data is available for this year.$1.28$0.16$1.12$1.60$1.85$0.25
2017Summary only. Only limited summary data is available for this year.$1.50$0.16$1.34$1.64$1.79$0.15
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$0.19$1.59$2.27$2.72$0.45
2015Detailed filing. Detailed filing data is available for this year.$6.81$0.25$6.56$2.88$2.90$0.02
2014Summary only. Only limited summary data is available for this year.$6.61$0.33$6.27$2.63$2.95$0.32
2013Summary only. Only limited summary data is available for this year.$6.01$0.21$5.80$3.50$3.21$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.63$0.24$5.39$3.81
2011Summary only. Only limited summary data is available for this year.$5.50$0.28$5.22$4.33$4.09$0.24
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$131,201
Mission and Program Overview

Mission

The organization provides post secondary education in bible, theology &religion.

Secondary education in bible & theology

Program Services

DescriptionGrantsExpenses
THE STUDENTS ENROLLED FOR CREDIT IN 2021 PARTICIPATEDIN 11 EXTENSION SITES, ON-LINE COURSES AND DISTANCELEARNING COURSES.-$46,500
THERE WERE BOTH UNERGRADUATE AND GRADUATES DEGREESAWARDED IN 2021-$2,812
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRET M SULLIVANPresidentFT$0--
GARY S FLEETWOOD JRChairman Of The BoardPT$0--
EDDIE RUSHINGInternl Vice President-$0--
ROBERT CRAVENAlumni Assn PresidentPT$0--
MARVIN CORNELISONExecutive Vice PresidentPT$0--
CHERYL BROCKDirector-$0--
Filing and Contact Details

Filer

Filer Name
Covington Theological Seminary Inc
EIN
58-1554537
Address
7623 ALABAMA HIGHWAY, RINGGOLD, GA 30736

Signing Officer

Name
Bret Sullivan
Title
President
Phone
4234134333
Signed
2022-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Charis Business Resources Inc
Address
P O Box 686, La Fayette, GA 30728
Preparer
M Cheryl Brock CPA
Phone
4233047608
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

“Description amountexpenses refunded 107”

Description of other expenses Part I line 16

“Description amountoffice expense 14,022corporate fees 729travel/transportation 20computer expense 988graduation expense 2,812payroll taxes 5,751bank charges 264interest 1,906”

Other changes in net assets or fund balances Part I line 20

“Description amountdifference in cash to accrual in bs 17,448”

Description of other assets Part II line 24

“Category beginning of year end of yearinventory 94,500 94,500deposits 160 160”

Description of total liabilities Part II line 26

“Category beginning of year end of yearpayables 59,236 47,912”

Raw XML Appendix172 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.

Path#Value
CompensationExplanation/CompensationExplanationGrp/PersonNm0BRET M SULLIVAN
CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt0IN ADDITION TO HIS BASE SALARY THE PRESIDENT IS AN ORDAINED MINISTER AND RECEIVES A HOUSING ALLOWANCE OF $21,600.00.
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/AddressChangeInd0X
IRS990EZ/BooksInCareOfDetail/PersonNm0BRET M SULLIVAN
IRS990EZ/BooksInCareOfDetail/PhoneNum07068665626
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt07623 ALABAMA HIGHWAY
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0RINGGOLD
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0GA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd030736
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt010133
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt05410
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt017385
IRS990EZ/CostOfGoodsSoldAmt0119
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-10847
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0200
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0164921
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0160198
IRS990EZ/GrossProfitLossSlsOfInvntryAmt03677
IRS990EZ/GrossReceiptsAmt0131201
IRS990EZ/GrossSalesOfInventoryAmt03796
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt02
IRS990EZ/LandAndBuildingsGrp/BOYAmt060128
IRS990EZ/LandAndBuildingsGrp/EOYAmt060128
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0105685
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0112286
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0105685
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0112286
IRS990EZ/OccupancyRentUtltsAndMaintAmt018837
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt116.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt310.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt48.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0BRET M SULLIVAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1GARY S FLEETWOOD JR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2EDDIE RUSHING
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ROBERT CRAVEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4MARVIN CORNELISON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5CHERYL BROCK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CHAIRMAN OF THE BOARD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2INTERNL VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3ALUMNI ASSN PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4EXECUTIVE VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt094660
IRS990EZ/OtherAssetsTotalDetail/EOYAmt094660
IRS990EZ/OtherChangesInNetAssetsAmt017448
IRS990EZ/OtherExpensesTotalAmt026492
IRS990EZ/OtherRevenueTotalAmt0107
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0SECONDARY EDUCATION IN BIBLE & THEOLOGY
IRS990EZ/ProgramServiceRevenueAmt0109911
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE STUDENTS ENROLLED FOR CREDIT IN 2021 PARTICIPATEDIN 11 EXTENSION SITES, ON-LINE COURSES AND DISTANCELEARNING COURSES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1THERE WERE BOTH UNERGRADUATE AND GRADUATES DEGREESAWARDED IN 2021
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt046500
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt12812
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt096400
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0true
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt059236
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt047912
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0141929
IRS990EZ/TotalProgramServiceExpensesAmt049312
IRS990EZ/TotalRevenueAmt0131082
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.COVINGTONSEMINARY.ORG
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0false
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTEXPENSES REFUNDED 107
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTOFFICE EXPENSE 14,022CORPORATE FEES 729TRAVEL/TRANSPORTATION 20COMPUTER EXPENSE 988GRADUATION EXPENSE 2,812PAYROLL TAXES 5,751BANK CHARGES 264INTEREST 1,906
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION AMOUNTDIFFERENCE IN CASH TO ACCRUAL IN BS 17,448
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CATEGORY BEGINNING OF YEAR END OF YEARINVENTORY 94,500 94,500DEPOSITS 160 160
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CATEGORY BEGINNING OF YEAR END OF YEARPAYABLES 59,236 47,912
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other changes in net assets or fund balances Part I line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Description of total liabilities Part II line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRET SULLIVAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04234134333
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COVINGTON THEOLOGICAL SEMINARY INC
ReturnHeader/Filer/BusinessNameControlTxt0COVI
ReturnHeader/Filer/EIN0581554537
ReturnHeader/Filer/USAddress/AddressLine1Txt07623 ALABAMA HIGHWAY
ReturnHeader/Filer/USAddress/CityNm0RINGGOLD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030736
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0582134120
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Charis Business Resources Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O Box 686
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0La Fayette
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030728
ReturnHeader/PreparerPersonGrp/PhoneNum04233047608
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0M Cheryl Brock CPA
ReturnHeader/ReturnTs02022-11-14T11:24:52-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRET
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SULLIVAN
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • <$500k nonprofits