Civic Intelligence

Covenant Knights School

990 • Fiscal year 2014 • EIN 75-2642656

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 04, 2015

Organization ProfileWWW.COVENANTDALLAS.COM

View Organization Page

7300 Valley View Lane75240

(214) 358-5818

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.71x

Higher debt load relative to assets than 82% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

92nd percentile

3.79x

Higher debt load relative to revenue than 92% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Net Margin

73rd percentile

15%

Higher net margin than 73% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

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

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Asset Growth

58th percentile

6.2%

Faster asset growth than 58% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

73rd percentile

14%

Faster revenue growth than 73% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2011 to 2014

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$48,704,900

Up $2,827,048 (+6.2%) from 2013

Net Assets

Up

$14,299,263

Up $1,354,130 (+10%) from 2013

Liabilities

Up

$34,405,637

Up $1,472,918 (+4.5%) from 2013

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin73rd percentile

Revenue

$9,073,111

No earlier filing loaded for comparison.

Expenses

Up

$7,718,981

Up $829,983 (+12%) from 2013

Net Income

$1,354,130

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

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

$80M$60M$40M$20M$0Assets 2011: $37,368,809Liabilities 2011: $26,900,401Net Assets 2011: $10,468,4082011Assets 2012: $39,750,449Liabilities 2012: $28,432,087Net Assets 2012: $11,318,3622012Assets 2013: $45,877,852Liabilities 2013: $32,932,719Net Assets 2013: $12,945,1332013Assets 2014: $48,704,900Liabilities 2014: $34,405,637Net Assets 2014: $14,299,2632014Assets 2015: $47,236,538Liabilities 2015: $32,534,621Net Assets 2015: $14,701,9172015Assets 2016: $47,538,911Liabilities 2016: $32,618,224Net Assets 2016: $14,920,6872016Assets 2017: $48,703,215Liabilities 2017: $33,169,476Net Assets 2017: $15,533,7392017Assets 2018: $49,457,918Liabilities 2018: $33,923,293Net Assets 2018: $15,534,6252018Assets 2019: $52,714,945Liabilities 2019: $34,192,125Net Assets 2019: $18,522,8202019Assets 2020: $61,585,913Liabilities 2020: $38,341,709Net Assets 2020: $23,244,2042020Assets 2021: $65,440,145Liabilities 2021: $39,877,493Net Assets 2021: $25,562,6522021Assets 2022: $68,629,092Liabilities 2022: $41,705,941Net Assets 2022: $26,923,1512022Assets 2023: $74,564,468Liabilities 2023: $45,962,796Net Assets 2023: $28,601,6722023Assets 2024: $79,704,649Liabilities 2024: $51,224,705Net Assets 2024: $28,479,9442024

Highlighted filing

2014

Assets$48,704,900
Liabilities$34,405,637
Net Assets$14,299,263
Open 2014 Filing

Operations Trend

Revenue Growth73rd percentile

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $6,182,876Expenses 2011: $5,730,543Net Income 2011: $452,3332011Expenses 2012: $5,856,6482012Expenses 2013: $6,888,9982013Revenue 2014: $9,073,111Expenses 2014: $7,718,981Net Income 2014: $1,354,1302014Revenue 2015: $8,822,229Expenses 2015: $8,419,575Net Income 2015: $402,6542015Revenue 2016: $8,908,572Expenses 2016: $8,689,802Net Income 2016: $218,7702016Revenue 2017: $9,471,762Expenses 2017: $8,858,710Net Income 2017: $613,0522017Revenue 2018: $10,193,445Expenses 2018: $10,192,559Net Income 2018: $8862018Revenue 2019: $14,513,512Expenses 2019: $11,525,317Net Income 2019: $2,988,1952019Revenue 2020: $16,900,534Expenses 2020: $12,179,150Net Income 2020: $4,721,3842020Revenue 2021: $15,652,987Expenses 2021: $13,334,427Net Income 2021: $2,318,5602021Revenue 2022: $15,939,967Expenses 2022: $14,579,471Net Income 2022: $1,360,4962022Revenue 2023: $17,450,287Expenses 2023: $15,638,260Net Income 2023: $1,812,0272023Revenue 2024: $17,250,386Expenses 2024: $17,372,114Net Income 2024: -$121,7282024

Highlighted filing

2014

Revenue$9,073,111
Expenses$7,718,981
Net Income$1,354,130
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 4, 2015
Return Version
2013v4.0
Gross Receipts
$9,142,917
Mission and Program Overview

Mission

The Covenant School exists to glorify God by equipping students with the tools necessary to pursue a lifetime of learning so that they may discern, reason, and defend truth in service to our Lord, Jesus Christ.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$23,929,238$26,889,738▲ $2,960,500
Cash and Non-Interest-Bearing Accounts$6,713,231$6,681,254▼ $31,977
Prepaid Expenses and Deferred Charges$33,458$125,017▲ $91,559
Accounts Receivable$4,118$2,959▼ $1,159
Total Assets$45,877,852$48,704,900▲ $2,827,048
Other Assets Total$15,197,807$15,005,932▼ $191,875
Liabilities
Mortgage Notes Payable Secured by Investment Property$16,112,515$15,679,434▼ $433,081
Other Liabilities$10,527,224$10,499,453▼ $27,771
Accounts Payable and Accrued Expenses$2,697,366$4,436,200▲ $1,738,834
Deferred Revenue$3,595,614$3,790,550▲ $194,936
Total Liabilities$32,932,719$34,405,637▲ $1,472,918
Net Assets / Fund Balance
Unrestricted Net Assets$10,926,189$12,660,077▲ $1,733,888
Temporarily Rstr Net Assets$2,018,944$1,639,186▼ $379,758
Total Net Assets Fund Balance$12,945,133$14,299,263▲ $1,354,130
Total Liabilities and Net Assets / Fund Balance$45,877,852$48,704,900▲ $2,827,048

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,075,648$1,985,809$16,061,457
Land$12,143,912-$12,143,912
Equipment$626,490$88,387$714,877
Other Land Buildings$43,688$6,163$49,851
Other Assets Org$14,931,278--
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Jim WilsonChairman of the Board
John GilbertAdmissions
Wes HolmesAthletics
Jon BuellCurriculum
J J BartoDevelopment
Bodie SpanglerFacilities
Nathan GolikFinance
Michael TeasterPersonnel
Gary KoernerSustaining Member
W Gregg HodgesSustaining Member
Revenue and Support

Revenue Composition

Contributions and Grants
$1,397,676
Program Service Revenue
$7,447,836
Investment Income
$-19,884
Other Revenue
$247,483
All Other Contributions
$471,394
Change in Net Assets
$1,354,130

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,400,347
Revenue Not Reported on Financial Statements
$1,672,764
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$1,672,764
Total Revenue per Audited Statements
$7,400,347
Total Revenue per Form 990
$9,073,111
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,388,557
Other Expenses$2,570,085
Grants and Similar Amounts Paid$760,339
Total Fundraising Expense$283,212
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,969,482$265,160$99,435$3,334,077
Interest$873,029$78,475$29,428$980,932
Other Employee Benefits$680,543$61,173$22,940$764,656
Grants to Domestic Individuals$760,339--$760,339
Depreciation Depletion$458,011$41,170$15,439$514,620
Payroll Taxes$221,750$19,933$7,474$249,157
All Other Expenses$60,690$2,856$17,662$81,208
Insurance$65,825$5,917$2,219$73,961
Conferences and Meetings$46,142$4,277$11,806$62,225
Other Expenses$38,920$2,696$2,114$43,730
Pension Plan Contributions$36,194$3,253$1,220$40,667
Office Expenses$20,268$11,287$659$32,214
Fees for Services Accounting$26,360$2,370$889$29,619
Information Technology$24,012$2,158$809$26,979
Fees for Services Legal$10,779$969$363$12,111
Occupancy$3,991$359$135$4,485
Total Functional Expenses$6,911,520$524,249$283,212$7,718,981

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,718,981
Expenses per Audited Statements$6,046,217
Total Expenses per Audited Statements$6,046,217
Expenses Not Reported on Financial Statements$1,672,764
Other Expense Adjustments$1,672,764
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$289,062
Fundraising Direct Expenses$41,579
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$207,176$207,176-$207,176
Event 2$76,082$76,082$11,742$64,340
Total Events$289,062$289,062$41,579$247,483
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jon BuellDirectorBuell Design - Providing Print DesignsNo$15,454
Gary KoernerDirectorPrincipal of Three Architrecture - Providing Architect WorkNo$5,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable to Affliate$10,411,650
Capital Lease Payables$87,803
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
Yes
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, Part VI, Section B, Line 11

“Covenant knights school form 990 is prepared by their cpa firm. After receiving the finished form, covenant knights school reviews it against their records before it is sent to the president and finance chairman.”

Form 990, Part VI, Section B, Line 12C

“The board of covenant knights school reviews activity for conflicts of interest.”

Form 990, Part VI, Section B, Line 15

“Headmaster hired in 2007. The personnel committee interviewed several candidates & considered available market information as well as the various candidates qualifications before establishing a compensation package & making a recommendation to the board. After the committee findings were presented to the school board, the board visited with candidate in person before deliberating on the personnel committees recommendations on the employment offer and compensation package.”

Form 990, Part VI, Section C, Line 19

“Covenant knights school provides information upon request.”

Filing and Contact Details

Filer

EIN
75-2642656
Phone
2143585818

Signing Officer

Name
Jim Wilson
Title
Chairman of the Board
Phone
2143585818
Signed
2015-02-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Wilson
Formed
1996
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
116
Volunteers
550

Preparer

Preparer
James D Hodges
Phone
9727885315
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Change in value - beneficial interest in net assets of associated foundation 926,282. Loss on disposal of fixed assets -28,190. Grants 760,339. Bad debt expense, netted for audit 14,333.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Change in value - beneficial interest in net assets of associated foundation 926,282. Loss on disposal of fixed assets -28,190. Grants 760,339. Bad debt expense, netted for audit 14,333.”

Raw XML AppendixShowing 400 of 577 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.

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IRS990/Desc0CONVENANT KNIGHT SCHOOL BEGAN THE YEAR WITH 555 STUDENTS. A CURRICULUM AND COURSE OF STUDY WAS CONTINUED FOR GRADES K THROUGH 12, INCLUDING REGULAR GRADING AND TESTING PERIODS.
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IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt028227
IRS990/LoanOutstandingInd01
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE COVENANT SCHOOL EXISTS TO GLORIFY GOD BY EQUIPPING STUDENTS WITH THE TOOLS NECESSARY TO PURSUE A LIFETIME OF LEARNING SO THAT THEY MAY DISCERN, REASON, AND DEFEND TRUTH IN SERVICE TO OUR LORD, JESUS CHRIST.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt016112515
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt015679434
IRS990/NetAssetsOrFundBalancesBOYAmt012945133
IRS990/NetAssetsOrFundBalancesEOYAmt014299263
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-28191
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-28191
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0247483
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0247483
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0135
IRS990/OccupancyGrp/ManagementAndGeneralAmt0359
IRS990/OccupancyGrp/ProgramServicesAmt03991
IRS990/OccupancyGrp/TotalAmt04485
IRS990/OfficeExpensesGrp/FundraisingAmt0659
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011287
IRS990/OfficeExpensesGrp/ProgramServicesAmt020268
IRS990/OfficeExpensesGrp/TotalAmt032214
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt015197807
IRS990/OtherAssetsTotalGrp/EOYAmt015005932
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt022940
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt061173
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0680543
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0764656
IRS990/OtherExpensesGrp/Desc0PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3CONTRACT LABOR
IRS990/OtherExpensesGrp/FundraisingAmt063884
IRS990/OtherExpensesGrp/FundraisingAmt13663
IRS990/OtherExpensesGrp/FundraisingAmt23073
IRS990/OtherExpensesGrp/FundraisingAmt32114
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04232
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt19768
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt28196
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt32696
IRS990/OtherExpensesGrp/ProgramServicesAmt0415343
IRS990/OtherExpensesGrp/ProgramServicesAmt1108667
IRS990/OtherExpensesGrp/ProgramServicesAmt291175
IRS990/OtherExpensesGrp/ProgramServicesAmt338920
IRS990/OtherExpensesGrp/TotalAmt0483459
IRS990/OtherExpensesGrp/TotalAmt1122098
IRS990/OtherExpensesGrp/TotalAmt2102444
IRS990/OtherExpensesGrp/TotalAmt343730
IRS990/OtherLiabilitiesGrp/BOYAmt010527224
IRS990/OtherLiabilitiesGrp/EOYAmt010499453
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt099435
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0265160
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02969482
IRS990/OtherSalariesAndWagesGrp/TotalAmt03334077
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt07474
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt019933
IRS990/PayrollTaxesGrp/ProgramServicesAmt0221750
IRS990/PayrollTaxesGrp/TotalAmt0249157
IRS990/PensionPlanContributionsGrp/FundraisingAmt01220
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03253
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt036194
IRS990/PensionPlanContributionsGrp/TotalAmt040667
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt033458
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0125017
IRS990/PrincipalOfficerNm0JIM WILSON
IRS990/ProfessionalFundraisingInd01
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/BusinessCd3611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1ATHLETIC CLUB
IRS990/ProgramServiceRevenueGrp/Desc2SCHOOL FEES
IRS990/ProgramServiceRevenueGrp/Desc3SCHOOL ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07295994
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt177536
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt240000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt334306
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07295994
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt177536
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt240000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt334306
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01726900
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0768829
IRS990/PYInvestmentIncomeAmt05971
IRS990/PYOtherExpensesAmt02290066
IRS990/PYOtherRevenueAmt0239586
IRS990/PYProgramServiceRevenueAmt06543312
IRS990/PYRevenuesLessExpensesAmt01626771
IRS990/PYSalariesCompEmpBnftPaidAmt03830103
IRS990/PYTotalExpensesAmt06888998
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08515769
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01354130
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0926282
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07447836
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt014075648
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01985809
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt016061457
IRS990ScheduleD/EquipmentGrp/BookValueAmt0626490
IRS990ScheduleD/EquipmentGrp/DepreciationAmt088387
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0714877
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01672764
IRS990ScheduleD/ExpensesSubtotalAmt06046217
IRS990ScheduleD/LandGrp/BookValueAmt012143912
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt012143912
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt074654
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt114931278
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED FINANCING COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INTEREST IN NET ASSETS OF ASSOCIATED FOUNDATION
IRS990ScheduleD/OtherExpensesNotIncludedAmt01672764
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt043688
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06163
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt049851
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt087803
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110411650
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE PAYABLES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTE PAYABLE TO AFFLIATE
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01672764
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01672764
IRS990ScheduleD/RevenueSubtotalAmt07400347
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CHANGE IN VALUE - BENEFICIAL INTEREST IN NET ASSETS OF ASSOCIATED FOUNDATION 926,282. LOSS ON DISPOSAL OF FIXED ASSETS -28,190. GRANTS 760,339. BAD DEBT EXPENSE, NETTED FOR AUDIT 14,333.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN VALUE - BENEFICIAL INTEREST IN NET ASSETS OF ASSOCIATED FOUNDATION 926,282. LOSS ON DISPOSAL OF FIXED ASSETS -28,190. GRANTS 760,339. BAD DEBT EXPENSE, NETTED FOR AUDIT 14,333.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt026889738
IRS990ScheduleD/TotalBookValueOtherAssetsAmt015005932
IRS990ScheduleD/TotalExpensesPerForm990Amt07718981
IRS990ScheduleD/TotalLiabilityAmt010499453
IRS990ScheduleD/TotalRevenuePerForm990Amt09073111
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07400347
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06046217
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY ADMITS STUDENTS OF ANY RACE, COLOR, AND NATIONAL OR ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES ACCORDED OR MADE AVAILABLE TO ITS STUDENTS AND DOES NOT DISCRIMINATE ON THE BASIS OF RACE IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND ATHLETIC AND OTHER SCHOOL PROGRAMS. THIS NONDISCRIMINATORY POLICY IS CLEARLY STATED ON THE ORGANIZATIONS WEBSITE AT WWW.COVENANTSCHOOL.COM AND IS PRINTED IN ALL APPLICATION PACKETS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleG/AgrmtProfFundraisingActyInd00
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt041579
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0207176

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$48,704,900
Liabilities
$34,405,637
Net assets
$14,299,263
Revenue
$9,073,111
Expenses
$7,718,981
Net income
$1,354,130
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$79.7$51.2$28.5$17.3$17.4$0.12
2023Detailed filing. Detailed filing data is available for this year.$74.6$46.0$28.6$17.5$15.6$1.81
2022Detailed filing. Detailed filing data is available for this year.$68.6$41.7$26.9$15.9$14.6$1.36
2021Detailed filing. Detailed filing data is available for this year.$65.4$39.9$25.6$15.7$13.3$2.32
2020Detailed filing. Detailed filing data is available for this year.$61.6$38.3$23.2$16.9$12.2$4.72
2019Detailed filing. Detailed filing data is available for this year.$52.7$34.2$18.5$14.5$11.5$2.99
2018Detailed filing. Detailed filing data is available for this year.$49.5$33.9$15.5$10.2$10.2$0.00
2017Detailed filing. Detailed filing data is available for this year.$48.7$33.2$15.5$9.47$8.86$0.61
2016Detailed filing. Detailed filing data is available for this year.$47.5$32.6$14.9$8.91$8.69$0.22
2015Summary only. Only limited summary data is available for this year.$47.2$32.5$14.7$8.82$8.42$0.40
2014Detailed filing. Detailed filing data is available for this year.$48.7$34.4$14.3$9.07$7.72$1.35
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.9$32.9$12.9$6.89
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.8$28.4$11.3$5.86
2011Summary only. Only limited summary data is available for this year.$37.4$26.9$10.5$6.18$5.73$0.45