Civic Intelligence

Southwest Covenant Schools Incorporated

990 • Fiscal year 2018 • EIN 73-1164767

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

Organization ProfileN/A

View Organization Page

2300 S Yukon ParkwayYukon, OK 73099

(405) 324-0772

Siviq Scores

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

Liabilities / Assets

47th percentile

0.18x

Higher debt load relative to assets than 47% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

62nd percentile

0.38x

Higher debt load relative to revenue than 62% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

88th percentile

43%

Higher net margin than 88% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

94th percentile

52%

Faster asset growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

85th percentile

35%

Faster revenue growth than 85% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$10,851,488

Up $3,689,121 (+52%) from 2017

Net Assets

Up

$8,877,729

Up $2,214,261 (+33%) from 2017

Liabilities

Up

$1,973,759

Up $1,474,860 (+296%) from 2017

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin88th percentile

Revenue

Up

$5,154,498

Up $1,331,317 (+35%) from 2017

Expenses

Up

$2,940,237

Up $311,695 (+12%) from 2017

Net Income

Up

$2,214,261

Up $1,019,622 (+85%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$20M$15M$10M$5.0M$0Assets 2011: $1,449,398Liabilities 2011: $132,272Net Assets 2011: $1,317,1262011Assets 2012: $1,673,217Liabilities 2012: $284,757Net Assets 2012: $1,388,4602012Assets 2013: $2,114,684Liabilities 2013: $350,926Net Assets 2013: $1,763,7582013Assets 2014: $3,072,036Liabilities 2014: $699,890Net Assets 2014: $2,372,1462014Assets 2015: $5,087,790Liabilities 2015: $620,971Net Assets 2015: $4,466,8192015Assets 2016: $6,244,800Liabilities 2016: $300,063Net Assets 2016: $5,944,7372016Assets 2017: $7,162,367Liabilities 2017: $498,899Net Assets 2017: $6,663,4682017Assets 2018: $10,851,488Liabilities 2018: $1,973,759Net Assets 2018: $8,877,7292018Assets 2019: $13,267,026Liabilities 2019: $1,931,521Net Assets 2019: $11,335,5052019Assets 2020: $15,914,263Liabilities 2020: $1,819,033Net Assets 2020: $14,095,2302020Assets 2021: $15,849,313Liabilities 2021: $1,906,282Net Assets 2021: $13,943,0312021Assets 2022: $16,521,210Liabilities 2022: $2,208,500Net Assets 2022: $14,312,7102022Assets 2023: $17,013,316Liabilities 2023: $2,288,899Net Assets 2023: $14,724,4172023Assets 2024: $17,065,151Liabilities 2024: $3,121,331Net Assets 2024: $13,943,8202024Assets 2025: $17,040,229Liabilities 2025: $3,301,419Net Assets 2025: $13,738,8102025

Highlighted filing

2018

Assets$10,851,488
Liabilities$1,973,759
Net Assets$8,877,729
Open 2018 Filing

Operations Trend

Revenue Growth85th percentile

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

$10M$5.0M$0-$5.0MRevenue 2011: $1,756,673Expenses 2011: $1,701,484Net Income 2011: $55,1892011Revenue 2012: $1,913,034Expenses 2012: $1,841,700Net Income 2012: $71,3342012Revenue 2013: $2,385,835Expenses 2013: $2,010,537Net Income 2013: $375,2982013Revenue 2014: $3,142,227Expenses 2014: $2,146,957Net Income 2014: $995,2702014Revenue 2015: $4,299,414Expenses 2015: $2,204,741Net Income 2015: $2,094,6732015Revenue 2016: $3,836,768Expenses 2016: $2,358,850Net Income 2016: $1,477,9182016Revenue 2017: $3,823,181Expenses 2017: $2,628,542Net Income 2017: $1,194,6392017Revenue 2018: $5,154,498Expenses 2018: $2,940,237Net Income 2018: $2,214,2612018Revenue 2019: $5,891,031Expenses 2019: $3,433,255Net Income 2019: $2,457,7762019Revenue 2020: $7,646,185Expenses 2020: $4,886,460Net Income 2020: $2,759,7252020Revenue 2021: $7,037,487Expenses 2021: $7,189,686Net Income 2021: -$152,1992021Revenue 2022: $5,250,002Expenses 2022: $4,593,414Net Income 2022: $656,5882022Revenue 2023: $6,348,387Expenses 2023: $5,936,680Net Income 2023: $411,7072023Revenue 2024: $7,848,678Expenses 2024: $8,629,275Net Income 2024: -$780,5972024Revenue 2025: $8,917,485Expenses 2025: $9,122,495Net Income 2025: -$205,0102025

Highlighted filing

2018

Revenue$5,154,498
Expenses$2,940,237
Net Income$2,214,261
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.2
Gross Receipts
$5,154,498
Mission and Program Overview

Mission

Classroom education in a non-denominational Christian environment for students in pre-kindergarten through grade 12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,021,197$3,236,598▲ $1,215,401
Accounts Receivable$22,963$1,551,991▲ $1,529,028
Cash and Non-Interest-Bearing Accounts$131,511$523,775▲ $392,264
Land, Buildings, and Equipment, Net$371,241$364,579▼ $6,662
Prepaid Expenses and Deferred Charges$14,609$14,609→ $0
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$7,162,367$10,851,488▲ $3,689,121
Other Assets Total$4,600,846$5,159,936▲ $559,090
Liabilities
Other Liabilities$498,899$1,973,759▲ $1,474,860
Total Liabilities$498,899$1,973,759▲ $1,474,860
Net Assets / Fund Balance
Temporarily Rstr Net Assets$6,073,352$7,882,612▲ $1,809,260
Unrestricted Net Assets$590,116$995,117▲ $405,001
Total Net Assets Fund Balance$6,663,468$8,877,729▲ $2,214,261
Total Liabilities and Net Assets / Fund Balance$7,162,367$10,851,488▲ $3,689,121

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$302,079$703,587$1,005,666
Land$62,500-$62,500
Other Assets Org$5,159,936--
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Steve GronheimerChurch Pastor
Brian WarnerMember
Jenny FriendMember
Lance BrownMember
Lowell EntzMember
Carl MikeshModerator
Stacy WebbSecretary
Aaron RoarkTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,146,154
Program Service Revenue
$2,966,220
Investment Income
$5,658
Other Revenue
$36,466
All Other Contributions
$2,146,154
Change in Net Assets
$2,214,261
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,692,256
Other Expenses$1,247,981
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,578,816--$1,578,816
All Other Expenses$217,392--$217,392
Occupancy$186,173--$186,173
Payroll Taxes$113,440--$113,440
Other Expenses$60,907--$60,907
Office Expenses$22,486--$22,486
Advertising$7,649--$7,649
Depreciation Depletion$6,662--$6,662
Total Functional Expenses$2,940,237$0$0$2,940,237
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Tuition$2,739,982
ETH enhancements$13,880
Payroll liabilites$-6,812
Unearned revenue$-773,291
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
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
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, Part VI, Line 11B: Form 990 Review Process

“Provided to Board before filed.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Available upon request.”

Filing and Contact Details

Filer

Filer Name
Southwest Covenant Schools Inc
EIN
73-1164767
Phone
4053240772
Address
2300 S Yukon Parkway, Yukon, OK 73099

Signing Officer

Name
Steve Lessman
Title
Headmaster
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
1982
Legal Domicile
Ok
Voting Board Members
10
Independent Board Members
10
Employees
94
Volunteers
9

Preparer

Firm
Rsmeacham Cpas & Advisors
Address
801 FRISCO AVE, CLINTON, OK 73601-3322
Preparer
Randolph S Meacham Jr
Phone
5803231766
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014609
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IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0Tuition and registration
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02966220
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02966220
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0872909
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02523
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01090206
IRS990/PYOtherRevenueAmt025698
IRS990/PYProgramServiceRevenueAmt02922051
IRS990/PYRevenuesLessExpensesAmt01194639
IRS990/PYSalariesCompEmpBnftPaidAmt01538336
IRS990/PYTotalExpensesAmt02628542
IRS990/PYTotalRevenueAmt03823181
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt02214261
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02021197
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03236598
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/LandGrp/BookValueAmt062500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt062500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05159936
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CIP
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0302079
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0703587
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01005666
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02739982
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt113880
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2-6812
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3-773291
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED TUITION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ETH enhancements
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Payroll liabilites
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Unearned revenue
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0364579
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05159936
IRS990ScheduleD/TotalLiabilityAmt01973759
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/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Provided to Board before filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OK
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt07882612
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt010851488
IRS990/TotalAssetsGrp/BOYAmt07162367
IRS990/TotalAssetsGrp/EOYAmt010851488
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02146154
IRS990/TotalEmployeeCnt094
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02940237
IRS990/TotalFunctionalExpensesGrp/TotalAmt02940237
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0498899
IRS990/TotalLiabilitiesEOYAmt01973759
IRS990/TotalLiabilitiesGrp/BOYAmt0498899
IRS990/TotalLiabilitiesGrp/EOYAmt01973759
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06663468
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08877729
IRS990/TotalProgramServiceExpensesAmt02940237
IRS990/TotalProgramServiceRevenueAmt02966220
IRS990/TotalRevenueGrp/ExclusionAmt05908
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03002436
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05154498
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07162367
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010851488
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0590116
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0995117
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Steve Lessman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Headmaster
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Southwest Covenant Schools Inc
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0731164767

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,851,488
Liabilities
$1,973,759
Net assets
$8,877,729
Revenue
$5,154,498
Expenses
$2,940,237
Net income
$2,214,261
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$17.0$3.30$13.7$8.92$9.12$0.21
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.1$3.12$13.9$7.85$8.63$0.78
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.0$2.29$14.7$6.35$5.94$0.41
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.5$2.21$14.3$5.25$4.59$0.66
2021Detailed filing. Detailed filing data is available for this year.$15.8$1.91$13.9$7.04$7.19$0.15
2020Summary only. Only limited summary data is available for this year.$15.9$1.82$14.1$7.65$4.89$2.76
2019Detailed filing. Detailed filing data is available for this year.$13.3$1.93$11.3$5.89$3.43$2.46
2018Detailed filing. Detailed filing data is available for this year.$10.9$1.97$8.88$5.15$2.94$2.21
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.16$0.50$6.66$3.82$2.63$1.19
2016Detailed filing. Detailed filing data is available for this year.$6.24$0.30$5.94$3.84$2.36$1.48
2015Summary only. Only limited summary data is available for this year.$5.09$0.62$4.47$4.30$2.20$2.09
2014Detailed filing. Detailed filing data is available for this year.$3.07$0.70$2.37$3.14$2.15$1.00
2013Summary only. Only limited summary data is available for this year.$2.11$0.35$1.76$2.39$2.01$0.38
2012Summary only. Only limited summary data is available for this year.$1.67$0.28$1.39$1.91$1.84$0.07
2011Summary only. Only limited summary data is available for this year.$1.45$0.13$1.32$1.76$1.70$0.06
Peer Organizations

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