Civic Intelligence

Covenant Christian Academy

990 • Fiscal year 2019 • EIN 58-1795475

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 09, 2020

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

1.32x

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

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

Liabilities / Revenue

91st percentile

2.10x

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

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

Net Margin

27th percentile

-5.2%

Higher net margin than 27% of similar nonprofits.

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

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

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

Asset Growth

37th percentile

-0.5%

Faster asset growth than 37% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

55th percentile

6.1%

Faster revenue growth than 55% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$4,720,679

Down $25,306 (-0.5%) from 2018

Net Assets

Down

-$1,488,842

Down $148,030 (-11%) from 2018

Liabilities

Up

$6,209,521

Up $122,724 (+2.0%) from 2018

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin27th percentile

Revenue

Up

$2,953,319

Up $170,189 (+6.1%) from 2018

Expenses

Up

$3,107,002

Up $312,731 (+11%) from 2018

Net Income

Down

-$153,683

Down $142,542 (-1279%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth37th 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

2019

Assets$4,720,679
Liabilities$6,209,521
Net Assets-$1,488,842
Open 2019 Filing

Operations Trend

Revenue Growth55th 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

2019

Revenue$2,953,319
Expenses$3,107,002
Net Income-$153,683
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 9, 2020
Return Version
2018v3.2
Gross Receipts
$3,002,437
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$4,124,721$3,980,016▼ $144,705
Cash and Non-Interest-Bearing Accounts$471,658$438,189▼ $33,469
Savings and Temporary Cash Investments$77,742$201,128▲ $123,386
Accounts Receivable$62,562$87,361▲ $24,799
Prepaid Expenses and Deferred Charges$5,726$2,694▼ $3,032
Total Assets$4,745,985$4,720,679▼ $25,306
Other Assets Total$3,576$11,291▲ $7,715
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,487,134$5,530,910▲ $43,776
Deferred Revenue$460,141$534,668▲ $74,527
Accounts Payable and Accrued Expenses$139,522$143,943▲ $4,421
Total Liabilities$6,086,797$6,209,521▲ $122,724
Net Assets / Fund Balance
Temporarily Rstr Net Assets$106,002$172,515▲ $66,513
Unrestricted Net Assets$-1,446,814$-1,661,357▼ $214,543
Total Net Assets Fund Balance$-1,340,812$-1,488,842▼ $148,030
Total Liabilities and Net Assets / Fund Balance$4,745,985$4,720,679▼ $25,306

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,323,113$2,590,076$5,913,189
Land$534,390-$534,390
Equipment$122,513$209,783$332,296
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$164,905
Program Service Revenue
$2,758,384
Investment Income
$148
Other Revenue
$29,882
All Other Contributions
$164,905
Change in Net Assets
$-153,683

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,953,319
Revenue Not Reported on Form 990
$49,116
Total Revenue per Audited Statements
$3,002,435
Total Revenue per Form 990
$2,953,319
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,893,294
Other Expenses$1,213,708
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,391,746$393,772-$1,785,518
Occupancy$240,821$12,675-$253,496
Interest$178,689$9,405-$188,094
All Other Expenses$140,852$45,091-$185,943
Depreciation Depletion$175,990$9,263-$185,253
Payroll Taxes$84,348$23,428-$107,776
Other Expenses$35,468$1,890-$35,468
Insurance-$32,977-$32,977
Advertising-$18,684-$18,684
Office Expenses-$8,603-$8,603
Fees for Services Accounting-$8,375-$8,375
Information Technology-$7,548-$7,548
Fees for Services Legal-$7,064-$7,064
Total Functional Expenses$2,528,227$578,775$0$3,107,002

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,150,465
Total Expenses per Form 990$3,107,002
Expenses per Audited Statements$3,101,348
Expenses Not Reported on Form 990$49,117
Expenses Not Reported on Financial Statements$5,654
Other Expense Adjustments$5,654
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$79,000
Fundraising Direct Expenses$49,118
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Booster Club Ev$17,705$17,705$8,118$9,587
Fac Fundraiser$14,068$14,068$7,902$6,166
Total Events$57,924$57,924$36,244$21,680
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
2020-01-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Brown
Formed
1986
Legal Domicile
Ga
Voting Board Members
4
Independent Board Members
4
Employees
93
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) 49,117 rounding -1 direct costs (part viii, line 8b) (in fin stmt exp) -49,117 rounding differences 0 book / tax depreciation difference 5,654 total 5,653”

Financial Statement Notes

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

“Direct costs (part viii, line 8b) (in fin stmt exp) 49,117 rounding -1”

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

“Direct costs (part viii, line 8b) (in fin stmt exp) 49,117 rounding differences 0”

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

“Book / tax depreciation difference 5,654”

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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02758384
IRS990/SavingsAndTempCashInvstGrp/BOYAmt077742
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0201128
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/BookValueAmt03323113
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02590076
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05913189
IRS990ScheduleD/EquipmentGrp/BookValueAmt0122513
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0209783
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0332296
IRS990ScheduleD/ExpensesNotReportedAmt049117
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt05654
IRS990ScheduleD/ExpensesSubtotalAmt03101348
IRS990ScheduleD/LandGrp/BookValueAmt0534390
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0534390
IRS990ScheduleD/OtherExpensesIncludedAmt049117
IRS990ScheduleD/OtherExpensesNotIncludedAmt05654
IRS990ScheduleD/OtherRevenueAmt049116
IRS990ScheduleD/RevenueNotReportedAmt049116
IRS990ScheduleD/RevenueSubtotalAmt02953319
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DIRECT COSTS (PART VIII, LINE 8B) (IN FIN STMT EXP) 49,117 ROUNDING -1
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIRECT COSTS (PART VIII, LINE 8B) (IN FIN STMT EXP) 49,117 ROUNDING DIFFERENCES 0
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BOOK / TAX DEPRECIATION DIFFERENCE 5,654
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/TotalBookValueLandBuildingsAmt03980016
IRS990ScheduleD/TotalExpensesPerForm990Amt03107002
IRS990ScheduleD/TotalRevenuePerForm990Amt02953319
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03002435
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03150465
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/DirectExpenseSummaryEventsAmt036244
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BOOSTER CLUB EV
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0FAC FUNDRAISER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt017705
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt014068
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt026151
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt057924
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt017705
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt014068
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt026151
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt057924
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt021680
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt020224
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt036244
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt08118
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt07902
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/AssistancePurposeTxt0TUITION ASSISTANCE
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt02720
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm0LUCAS FISHER
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt0NEPHEW OF DONOR
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt0FINANCIAL AID
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0ON PART III, LINE 1, WE HAVE REPORTED THAT LUCAS FISHER WAS AWARDED FINANCIAL AID BY THE FINANCIAL AID COMMITTEE. THIS AWARD WAS EVALUATED AND THE DECISION MADE IN THE SAME MANNER AS ALL FINANCIAL AID AWARDS. LUCAS IS THE NEPHEW OF BILL WILEY (VIA HIS WIFE). BILL IS A SUBSTANTIAL CONTRIBUTOR TO THE SCHOOL. BILL IS NOT A MEMBER OF THE FINANCIAL AID COMMITTEE AND ANY CONTRIBUTIONS MADE BY HIM WERE INDEPENDENT OF ANY FINANCIAL AID DECISIONS AND WERE NOT USED FOR THE FINANCIAL AID AWARDED TO LUCAS.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
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) 49,117 ROUNDING -1 DIRECT COSTS (PART VIII, LINE 8B) (IN FIN STMT EXP) -49,117 ROUNDING DIFFERENCES 0 BOOK / TAX DEPRECIATION DIFFERENCE 5,654 TOTAL 5,653
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/EIN0205390874
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0REAL ESTAT
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt04562AYERS ROAD
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0MACON
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd0312104511
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0106002
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0172515
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04745985
IRS990/TotalAssetsEOYAmt04720679
IRS990/TotalAssetsGrp/BOYAmt04745985
IRS990/TotalAssetsGrp/EOYAmt04720679
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0164905
IRS990/TotalEmployeeCnt093
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0578775
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02528227
IRS990/TotalFunctionalExpensesGrp/TotalAmt03107002
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06086797
IRS990/TotalLiabilitiesEOYAmt06209521
IRS990/TotalLiabilitiesGrp/BOYAmt06086797
IRS990/TotalLiabilitiesGrp/EOYAmt06209521
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1340812
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1488842
IRS990/TotalProgramServiceExpensesAmt02528227
IRS990/TotalProgramServiceRevenueAmt02758384
IRS990/TotalRevenueGrp/ExclusionAmt0148
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02758384
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02953319
IRS990/TotalVolunteersCnt045
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04745985
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04720679
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1446814
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1661357
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.COVENANTACADMEY.NET
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD BROWN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum04784710285
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COVENANT ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0COVE

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$4,720,679
Liabilities
$6,209,521
Net assets
-$1,488,842
Revenue
$2,953,319
Expenses
$3,107,002
Net income
-$153,683
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
2019Detailed filing. Detailed filing data is available for this year.$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
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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