Civic Intelligence

Covenant Christian Academy

990 • Fiscal year 2017 • EIN 58-1795475

Jul 01, 2016 to Jun 30, 2017 • Filed on Mar 02, 2018

Organization ProfileWWW.COVENANTACADMEY.NET
4652 Ayers RdMacon, GA 31210-4511

(478) 471-0285

Siviq Scores

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

Liabilities / Assets

95th percentile

1.28x

Higher debt load relative to assets than 95% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

91st percentile

2.26x

Higher debt load relative to revenue than 91% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

25th percentile

-6.1%

Higher net margin than 25% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

26th percentile

-3.0%

Faster asset growth than 26% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

24th percentile

-6.8%

Faster revenue growth than 24% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$4,807,349

Down $148,887 (-3.0%) from 2016

Net Assets

Down

-$1,351,515

Down $147,111 (-12%) from 2016

Liabilities

Down

$6,158,864

Down $1,776 (-0.0%) from 2016

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin25th percentile

Revenue

Down

$2,726,116

Down $198,123 (-6.8%) from 2016

Expenses

Down

$2,893,579

Down $104,833 (-3.5%) from 2016

Net Income

Down

-$167,463

Down $93,290 (-126%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

$10M$5.0M$0-$5.0MAssets 2011: $5,526,821Liabilities 2011: $6,794,226Net Assets 2011: -$1,267,4052011Assets 2012: $5,378,257Liabilities 2012: $6,706,316Net Assets 2012: -$1,328,0592012Assets 2013: $5,298,304Liabilities 2013: $6,568,438Net Assets 2013: -$1,270,1342013Assets 2014: $5,265,471Liabilities 2014: $6,580,273Net Assets 2014: -$1,314,8022014Assets 2015: $5,073,313Liabilities 2015: $6,226,208Net Assets 2015: -$1,152,8952015Assets 2016: $4,956,236Liabilities 2016: $6,160,640Net Assets 2016: -$1,204,4042016Assets 2017: $4,807,349Liabilities 2017: $6,158,864Net Assets 2017: -$1,351,5152017Assets 2018: $4,745,985Liabilities 2018: $6,086,797Net Assets 2018: -$1,340,8122018Assets 2019: $4,720,679Liabilities 2019: $6,209,521Net Assets 2019: -$1,488,8422019Assets 2020: $5,146,090Liabilities 2020: $6,440,121Net Assets 2020: -$1,294,0312020Assets 2021: $5,209,141Liabilities 2021: $6,395,978Net Assets 2021: -$1,186,8372021Assets 2022: $5,179,469Liabilities 2022: $6,134,801Net Assets 2022: -$955,3322022Assets 2023: $4,799,222Liabilities 2023: $5,880,713Net Assets 2023: -$1,081,4912023Assets 2024: $4,537,075Liabilities 2024: $5,755,788Net Assets 2024: -$1,218,7132024

Highlighted filing

2017

Assets$4,807,349
Liabilities$6,158,864
Net Assets-$1,351,515
Open 2017 Filing

Operations Trend

Revenue Growth24th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $3,533,2852011Revenue 2012: $3,603,905Expenses 2012: $3,554,098Net Income 2012: $49,8072012Expenses 2013: $3,417,4352013Revenue 2014: $3,192,698Expenses 2014: $3,411,023Net Income 2014: -$218,3252014Revenue 2015: $3,457,713Expenses 2015: $3,328,288Net Income 2015: $129,4252015Revenue 2016: $2,924,239Expenses 2016: $2,998,412Net Income 2016: -$74,1732016Revenue 2017: $2,726,116Expenses 2017: $2,893,579Net Income 2017: -$167,4632017Revenue 2018: $2,783,130Expenses 2018: $2,794,271Net Income 2018: -$11,1412018Revenue 2019: $2,953,319Expenses 2019: $3,107,002Net Income 2019: -$153,6832019Revenue 2020: $3,215,614Expenses 2020: $3,006,607Net Income 2020: $209,0072020Revenue 2021: $3,258,477Expenses 2021: $3,135,830Net Income 2021: $122,6472021Revenue 2022: $3,061,604Expenses 2022: $3,056,080Net Income 2022: $5,5242022Revenue 2023: $2,880,233Expenses 2023: $2,977,991Net Income 2023: -$97,7582023Revenue 2024: $2,974,192Expenses 2024: $3,076,601Net Income 2024: -$102,4092024

Highlighted filing

2017

Revenue$2,726,116
Expenses$2,893,579
Net Income-$167,463
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Mar 2, 2018
Return Version
2016v3.1
Gross Receipts
$2,778,204
Mission and Program Overview

Mission

To assist christian parents in the education of their children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,429,777$4,295,525▼ $134,252
Cash and Non-Interest-Bearing Accounts$346,132$316,508▼ $29,624
Accounts Receivable$144,155$109,075▼ $35,080
Savings and Temporary Cash Investments$23,054$77,492▲ $54,438
Prepaid Expenses and Deferred Charges$6,641$6,554▼ $87
Total Assets$4,956,236$4,807,349▼ $148,887
Other Assets Total$6,477$2,195▼ $4,282
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,563,399$5,532,903▼ $30,496
Deferred Revenue$452,765$476,663▲ $23,898
Accounts Payable and Accrued Expenses$144,476$149,298▲ $4,822
Total Liabilities$6,160,640$6,158,864▼ $1,776
Net Assets / Fund Balance
Temporarily Rstr Net Assets$62,515$65,202▲ $2,687
Unrestricted Net Assets$-1,266,919$-1,416,717▼ $149,798
Total Net Assets Fund Balance$-1,204,404$-1,351,515▼ $147,111
Total Liabilities and Net Assets / Fund Balance$4,956,236$4,807,349▼ $148,887

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,643,418$2,256,896$5,900,314
Land$534,390-$534,390
Equipment$117,717$182,520$300,237
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Richard BrownChairman
Bo AdamsDirector
Larry GottDirector
Mike HolmanDirector
Brandon ChristySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$100,156
Program Service Revenue
$2,618,901
Investment Income
$79
Other Revenue
$6,980
All Other Contributions
$100,156
Change in Net Assets
$-167,463

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,726,116
Revenue Not Reported on Form 990
$52,087
Total Revenue per Audited Statements
$2,778,203
Total Revenue per Form 990
$2,726,116
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,793,393
Other Expenses$1,100,186
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,324,769$365,394-$1,690,163
Occupancy$245,377$12,915-$258,292
Depreciation Depletion$190,176$10,010-$200,186
Interest$172,140$9,060-$181,200
All Other Expenses$116,097$29,902-$145,999
Payroll Taxes$84,714$18,516-$103,230
Insurance-$32,117-$32,117
Other Expenses$32,035$6,896-$32,035
Information Technology-$17,724-$17,724
Advertising-$13,114-$13,114
Fees for Services Accounting-$7,935-$7,935
Office Expenses-$7,343-$7,343
Fees for Services Legal-$4,625-$4,625
Total Functional Expenses$2,358,028$535,551$0$2,893,579

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,925,314
Total Expenses per Form 990$2,893,579
Expenses per Audited Statements$2,873,227
Expenses Not Reported on Form 990$52,087
Expenses Not Reported on Financial Statements$20,352
Other Expense Adjustments$20,352
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$59,068
Fundraising Direct Expenses$52,088
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Booster Club Ev$12,255$12,255$10,026$2,229
Spring Formal F$7,793$7,793$6,212$1,581
Total Events$43,975$43,975$34,894$9,081
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
Yes
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, Page 6, Part VI, Line 11B

“The cpa who prepares the form 990 and related schedules reviews the tax forms in detail with the chairman of the board. The remainder of the board is given copies for review and comment prior to the filing of the return.”

Form 990, Page 6, Part VI, Line 12C

“To ensure the corporation operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, a periodic review shall be conducted. The periodic reviews shall, at a minimum, include all compensation arrangements and benefit arrangements; conformity to written policies of the corporation and that further charitable purposes does not result in impermissible private benefit or in an excess benefit transaction.”

Form 990, Page 6, Part VI, Line 15A

“The board considers relevant compensation data and sets the compensation for the headmaster. This is voted on by the full board.”

Form 990, Page 6, Part VI, Line 15B

“The board considers relevant compensation data and sets the compensation for the headmaster or any officers that are compensated. This is voted on by the full board. In the event the compensation is for an officer who is also a board member, the member that it pertains to does not participate in the vote.”

Form 990, Page 6, Part VI, Line 19

“The office of the headmaster may be contacted at any time and a request for review of the documents can be made.”

Filing and Contact Details

Filer

Filer Name
Covenant Academy Inc
EIN
58-1795475
Phone
4784710285
Address
4652 AYERS RD, MACON, GA 31210-4511

Signing Officer

Name
Richard Brown
Title
Chairman
Phone
4784710285
Signed
2018-03-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Brown
Formed
1986
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
5
Employees
105
Volunteers
45

Preparer

Firm
The Rainey Accounting Firm LLC
Address
250 NORTHSIDE CROSSING, MACON, GA 31210-2296
Preparer
Jeb L Rainey CPA
Phone
4783142692
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Direct costs (part viii, line 8b) (in fin stmt exp) 52,087 rounding 0 direct costs (part viii, line 8b) (in fin stmt exp) -52,087 rounding differences 0 book / tax depreciation difference 20,352 total 20,352”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Direct costs (part viii, line 8b) (in fin stmt exp) 52,087 rounding 0”

Schedule D, Page 4, Part XII, Line 2D

“Direct costs (part viii, line 8b) (in fin stmt exp) 52,087 rounding differences 0”

Schedule D, Page 4, Part XII, Line 4B

“Book / tax depreciation difference 20,352”

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IRS990/PYRevenuesLessExpensesAmt0-74173
IRS990/PYSalariesCompEmpBnftPaidAmt01927481
IRS990/PYTotalExpensesAmt02998412
IRS990/PYTotalRevenueAmt02924239
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-167463
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02618901
IRS990/SavingsAndTempCashInvstGrp/BOYAmt023054
IRS990/SavingsAndTempCashInvstGrp/EOYAmt077492
IRS990ScheduleA/SchoolInd0X
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/BookValueAmt03643418
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02256896
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05900314
IRS990ScheduleD/EquipmentGrp/BookValueAmt0117717
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0182520
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0300237
IRS990ScheduleD/ExpensesNotReportedAmt052087
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt020352
IRS990ScheduleD/ExpensesSubtotalAmt02873227
IRS990ScheduleD/LandGrp/BookValueAmt0534390
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0534390
IRS990ScheduleD/OtherExpensesIncludedAmt052087
IRS990ScheduleD/OtherExpensesNotIncludedAmt020352
IRS990ScheduleD/OtherRevenueAmt052087
IRS990ScheduleD/RevenueNotReportedAmt052087
IRS990ScheduleD/RevenueSubtotalAmt02726116
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DIRECT COSTS (PART VIII, LINE 8B) (IN FIN STMT EXP) 52,087 ROUNDING 0
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIRECT COSTS (PART VIII, LINE 8B) (IN FIN STMT EXP) 52,087 ROUNDING DIFFERENCES 0
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BOOK / TAX DEPRECIATION DIFFERENCE 20,352
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04295525
IRS990ScheduleD/TotalExpensesPerForm990Amt02893579
IRS990ScheduleD/TotalRevenuePerForm990Amt02726116
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02778203
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02925314
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/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE POLICY STATEMENT IS PUBLISHED IN LOCAL PUBLICATIONS; INCLUDED IN PROMOTIONAL BROCHURES, APPLICATIONS AND STUDENT HANDBOOKS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt034894
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BOOSTER CLUB EV
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0SPRING FORMAL F
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt012255
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt07793
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt023927
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt043975
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt012255
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt07793
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt023927
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt043975
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt09081
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt018656
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt034894
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt010026
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt06212
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt04
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CPA WHO PREPARES THE FORM 990 AND RELATED SCHEDULES REVIEWS THE TAX FORMS IN DETAIL WITH THE CHAIRMAN OF THE BOARD. THE REMAINDER OF THE BOARD IS GIVEN COPIES FOR REVIEW AND COMMENT PRIOR TO THE FILING OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO ENSURE THE CORPORATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, A PERIODIC REVIEW SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE ALL COMPENSATION ARRANGEMENTS AND BENEFIT ARRANGEMENTS; CONFORMITY TO WRITTEN POLICIES OF THE CORPORATION AND THAT FURTHER CHARITABLE PURPOSES DOES NOT RESULT IN IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD CONSIDERS RELEVANT COMPENSATION DATA AND SETS THE COMPENSATION FOR THE HEADMASTER. THIS IS VOTED ON BY THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD CONSIDERS RELEVANT COMPENSATION DATA AND SETS THE COMPENSATION FOR THE HEADMASTER OR ANY OFFICERS THAT ARE COMPENSATED. THIS IS VOTED ON BY THE FULL BOARD. IN THE EVENT THE COMPENSATION IS FOR AN OFFICER WHO IS ALSO A BOARD MEMBER, THE MEMBER THAT IT PERTAINS TO DOES NOT PARTICIPATE IN THE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE OFFICE OF THE HEADMASTER MAY BE CONTACTED AT ANY TIME AND A REQUEST FOR REVIEW OF THE DOCUMENTS CAN BE MADE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DIRECT COSTS (PART VIII, LINE 8B) (IN FIN STMT EXP) 52,087 ROUNDING 0 DIRECT COSTS (PART VIII, LINE 8B) (IN FIN STMT EXP) -52,087 ROUNDING DIFFERENCES 0 BOOK / TAX DEPRECIATION DIFFERENCE 20,352 TOTAL 20,352
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0COVENANT
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine2Txt0ACADEMY INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0MACON DIVISION PROPERTIES LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt0225416
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0REAL ESTAT
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt04562AYERS ROAD
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0MACON
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd0312104511
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt065202
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04956236
IRS990/TotalAssetsEOYAmt04807349
IRS990/TotalAssetsGrp/BOYAmt04956236
IRS990/TotalAssetsGrp/EOYAmt04807349
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0100156
IRS990/TotalEmployeeCnt0105
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0535551
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02358028
IRS990/TotalFunctionalExpensesGrp/TotalAmt02893579
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06160640
IRS990/TotalLiabilitiesEOYAmt06158864
IRS990/TotalLiabilitiesGrp/BOYAmt06160640
IRS990/TotalLiabilitiesGrp/EOYAmt06158864
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1204404
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1351515
IRS990/TotalProgramServiceExpensesAmt02358028
IRS990/TotalProgramServiceRevenueAmt02618901
IRS990/TotalRevenueGrp/ExclusionAmt079
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02618901
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02726116
IRS990/TotalVolunteersCnt045
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04956236
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04807349
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1266919
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1416717
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.COVENANTACADMEY.NET
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD BROWN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum04784710285
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-03-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COVENANT ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0COVE
ReturnHeader/Filer/EIN0581795475

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,807,349
Liabilities
$6,158,864
Net assets
-$1,351,515
Revenue
$2,726,116
Expenses
$2,893,579
Net income
-$167,463
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.54$5.76$1.22$2.97$3.08$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.80$5.88$1.08$2.88$2.98$0.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.18$6.13$0.96$3.06$3.06$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.21$6.40$1.19$3.26$3.14$0.12
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.15$6.44$1.29$3.22$3.01$0.21
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.72$6.21$1.49$2.95$3.11$0.15
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.75$6.09$1.34$2.78$2.79$0.01
2017Detailed filing. Detailed filing data is available for this year.$4.81$6.16$1.35$2.73$2.89$0.17
2016Detailed filing. Detailed filing data is available for this year.$4.96$6.16$1.20$2.92$3.00$0.07
2015Detailed filing. Detailed filing data is available for this year.$5.07$6.23$1.15$3.46$3.33$0.13
2014Detailed filing. Detailed filing data is available for this year.$5.27$6.58$1.31$3.19$3.41$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.30$6.57$1.27$3.42
2012Summary only. Only limited summary data is available for this year.$5.38$6.71$1.33$3.60$3.55$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.53$6.79$1.27$3.53