Civic Intelligence

Covington Theological Seminary Inc.

990EZ • Fiscal year 2020 • EIN 58-1554537

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

P O Box 178Rossville, GA 30741

(706) 866-5626

Siviq Scores

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

Liabilities / Assets

85th percentile

0.36x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

88th percentile

0.38x

Higher debt load relative to revenue than 88% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

40th percentile

-0.1%

Higher net margin than 40% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

93rd percentile

$57,600

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 37.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

75th percentile

35%

Faster asset growth than 75% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

69th percentile

4.7%

Faster revenue growth than 69% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Flat

$164,921

Flat from 2020

Net Assets

$105,685

No earlier filing loaded for comparison.

Liabilities

Flat

$59,236

Flat from 2020

Revenue

Flat

$155,696

Flat from 2020

Expenses

Flat

$155,780

Flat from 2020

Net Income

Flat

-$84

Flat from 2020

Historical Trend

Balance Sheet Trend

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

$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: $59,236Net Assets 2020: $105,6852020Assets 2020: $164,921Liabilities 2020: $59,2362020Assets 2021: $160,198Liabilities 2021: $47,912Net Assets 2021: $112,2862021

Highlighted filing

2020

Assets$164,921
Liabilities$59,236
Net Assets$105,685

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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 2020: $155,696Expenses 2020: $155,780Net Income 2020: -$842020Revenue 2021: $131,082Expenses 2021: $141,929Net Income 2021: -$10,8472021

Highlighted filing

2020

Revenue$155,696
Expenses$155,780
Net Income-$84
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$158,292
Mission and Program Overview

Mission

The organization provides post

Secondary education in bible & theology

Program Services

DescriptionGrantsExpenses
THE STUDENTS ENROLLED FOR CREDIT IN 2020 PARTICIPATEDIN 11 EXTENSION SITES, ON-LINE COURSES AND DISTANCELEARNING COURSES.-$59,893
THERE WERE BOTH UNERGRADUATE AND GRADUATES DEGREESAWARDED IN 2020-$3,555
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRET M SULLIVANPresidentFT$36,000$21,600$57,600
GARY S FLEETWOOD JRChairman Of The BoardPT$0--
JAMES SULLIVANPresident Emeritus-$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
P O BOX 178, ROSSVILLE, GA 30741

Signing Officer

Name
Bret M Sullivan
Title
President
Phone
7068665126
Signed
2021-11-12
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 amountmiscellaneous income 35

Description of other expenses Part I line 16

Description amountoffice expense 8,762education expense 562travel/transportation 1,321computer expense 3,377miscellaneous 309payroll taxes 6,136graduation expenses 5,108corporate expense 189merchant fees 4,208telephone 6,051

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 16,356 59,236

Raw XML Appendix174 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/BooksInCareOfDetail/PersonNm0BRET M SULLIVAN
IRS990EZ/BooksInCareOfDetail/PhoneNum07068665626
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0P O BOX 178
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ROSSVILLE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0GA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd030741
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt07973
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt010133
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt08930
IRS990EZ/CostOfGoodsSoldAmt02596
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-84
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0871
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0122125
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0164921
IRS990EZ/GrossProfitLossSlsOfInvntryAmt0269
IRS990EZ/GrossReceiptsAmt0158292
IRS990EZ/GrossSalesOfInventoryAmt02865
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt023
IRS990EZ/LandAndBuildingsGrp/BOYAmt019492
IRS990EZ/LandAndBuildingsGrp/EOYAmt060128
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0105769
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0105685
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0105769
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0105685
IRS990EZ/OccupancyRentUtltsAndMaintAmt018326
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt116.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt420.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt58.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt61.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt036000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt021600
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0BRET M SULLIVAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1GARY S FLEETWOOD JR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JAMES SULLIVAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3EDDIE RUSHING
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4ROBERT CRAVEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5MARVIN CORNELISON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6CHERYL BROCK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CHAIRMAN OF THE BOARD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2PRESIDENT EMERITUS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3INTERNL VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4ALUMNI ASSN PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5EXECUTIVE VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt094660
IRS990EZ/OtherAssetsTotalDetail/EOYAmt094660
IRS990EZ/OtherExpensesTotalAmt036023
IRS990EZ/OtherRevenueTotalAmt035
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0SECONDARY EDUCATION IN BIBLE & THEOLOGY
IRS990EZ/ProgramServiceRevenueAmt0146439
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE STUDENTS ENROLLED FOR CREDIT IN 2020 PARTICIPATEDIN 11 EXTENSION SITES, ON-LINE COURSES AND DISTANCELEARNING COURSES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1THERE WERE BOTH UNERGRADUATE AND GRADUATES DEGREESAWARDED IN 2020
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt059893
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt13555
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt0100560
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0true
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt016356
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt059236
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0155780
IRS990EZ/TotalProgramServiceExpensesAmt063448
IRS990EZ/TotalRevenueAmt0155696
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 AMOUNTMISCELLANEOUS INCOME 35
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTOFFICE EXPENSE 8,762EDUCATION EXPENSE 562TRAVEL/TRANSPORTATION 1,321COMPUTER EXPENSE 3,377MISCELLANEOUS 309PAYROLL TAXES 6,136GRADUATION EXPENSES 5,108CORPORATE EXPENSE 189MERCHANT FEES 4,208TELEPHONE 6,051
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CATEGORY BEGINNING OF YEAR END OF YEARINVENTORY 94,500 94,500DEPOSITS 160 160
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CATEGORY BEGINNING OF YEAR END OF YEARPAYABLES 16,356 59,236
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of total liabilities Part II line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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 M SULLIVAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07068665126
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COVINGTON THEOLOGICAL SEMINARY INC
ReturnHeader/Filer/BusinessNameControlTxt0COVI
ReturnHeader/Filer/EIN0581554537
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 178
ReturnHeader/Filer/USAddress/CityNm0ROSSVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030741
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/PreparationDt02021-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0M Cheryl Brock CPA
ReturnHeader/ReturnTs02021-11-12T16:12:02-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRET
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SULLIVAN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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