Civic Intelligence

Covenant Knights School

990 • Fiscal year 2016 • EIN 75-2642656

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 07, 2017

Organization ProfileWWW.COVENANTDALLAS.COM

View Organization Page

7300 Valley View LaneDallas, TX 75240

(214) 358-5818

Siviq Scores

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

Liabilities / Assets

81st percentile

0.69x

Higher debt load relative to assets than 81% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

91st percentile

3.66x

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

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

51st percentile

2.5%

Higher net margin than 51% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

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

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

42nd percentile

0.6%

Faster asset growth than 42% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

44th percentile

1.0%

Faster revenue growth than 44% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$47,538,911

Up $302,373 (+0.6%) from 2015

Net Assets

Up

$14,920,687

Up $218,770 (+1.5%) from 2015

Liabilities

Up

$32,618,224

Up $83,603 (+0.3%) from 2015

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin51st percentile

Revenue

Up

$8,908,572

Up $86,343 (+1.0%) from 2015

Expenses

Up

$8,689,802

Up $270,227 (+3.2%) from 2015

Net Income

Down

$218,770

Down $183,884 (-46%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth42nd 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

2016

Assets$47,538,911
Liabilities$32,618,224
Net Assets$14,920,687
Open 2016 Filing

Operations Trend

Revenue Growth44th 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

2016

Revenue$8,908,572
Expenses$8,689,802
Net Income$218,770
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 7, 2017
Return Version
2015v3.0
Gross Receipts
$8,963,553
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$27,434,142$26,948,712▼ $485,430
Cash and Non-Interest-Bearing Accounts$5,194,949$5,572,093▲ $377,144
Prepaid Expenses and Deferred Charges$48,668$52,361▲ $3,693
Accounts Receivable$8,926$10,403▲ $1,477
Total Assets$47,236,538$47,538,911▲ $302,373
Other Assets Total$14,549,853$14,955,342▲ $405,489
Liabilities
Mortgage Notes Payable Secured by Investment Property$14,396,123$13,932,874▼ $463,249
Other Liabilities$10,482,578$10,470,573▼ $12,005
Accounts Payable and Accrued Expenses$3,746,243$4,273,475▲ $527,232
Deferred Revenue$3,909,677$3,941,302▲ $31,625
Total Liabilities$32,534,621$32,618,224▲ $83,603
Net Assets / Fund Balance
Unrestricted Net Assets$13,880,483$13,950,512▲ $70,029
Temporarily Rstr Net Assets$821,434$970,175▲ $148,741
Total Net Assets Fund Balance$14,701,917$14,920,687▲ $218,770
Total Liabilities and Net Assets / Fund Balance$47,236,538$47,538,911▲ $302,373

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,541,502$2,703,450$17,244,952
Land$12,143,912-$12,143,912
Equipment$259,780$557,150$816,930
Other Land Buildings$3,518$50,733$54,251
Other Assets Org$14,914,916--
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
John GilbertChairman of the Board
Nathan GolikFinance Chairman/Facilities
Bodie SpanglerAthletics
Allan KoenigCommunications
Jon BuellCurriculum
J J BartoDevelopment
Tony LongPersonnel
Gary KoernerSustaining Member
Gregg Hodges MDSustaining Member
Revenue and Support

Revenue Composition

Contributions and Grants
$802,331
Program Service Revenue
$7,797,567
Investment Income
$5,742
Other Revenue
$302,932
All Other Contributions
$384,403
Change in Net Assets
$218,770

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,691,880
Revenue Not Reported on Financial Statements
$1,216,692
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$1,216,692
Total Revenue per Audited Statements
$7,691,880
Total Revenue per Form 990
$8,908,572
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,976,489
Other Expenses$2,915,351
Grants and Similar Amounts Paid$797,962
Total Fundraising Expense$298,715
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,330,402$299,354$112,258$3,742,014
Interest$885,807$79,623$29,859$995,289
Other Employee Benefits$806,747$72,517$27,194$906,458
Grants to Domestic Individuals$797,962--$797,962
Depreciation Depletion$592,803$53,286$19,982$666,071
Payroll Taxes$245,440$22,062$8,273$275,775
Occupancy$145,720$13,098$4,912$163,730
Other Expenses$130,950$11,770$4,414$147,134
Insurance$76,390$6,867$2,575$85,832
Pension Plan Contributions$46,496$4,179$1,567$52,242
Fees for Services Accounting$25,733$2,313$867$28,913
Information Technology$22,293$2,004$751$25,048
Advertising$10,610-$9,594$20,204
Office Expenses$5,192$7,303$126$12,621
Fees for Services Legal$2,636$237$89$2,962
All Other Expenses$801--$801
Total Functional Expenses$7,787,307$603,780$298,715$8,689,802

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,689,802
Expenses per Audited Statements$7,473,110
Total Expenses per Audited Statements$7,473,110
Expenses Not Reported on Financial Statements$1,216,692
Other Expense Adjustments$1,216,692
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$357,913
Fundraising Direct Expenses$54,981
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$248,808$248,808$41,060$207,748
Golf$104,525$104,525$13,921$90,604
Total Events$357,913$357,913$54,981$302,932
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$2,500
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable to Affliate$10,411,650
Capital Lease Payables$58,923
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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

Filer Name
Covenant Knights School
EIN
75-2642656
Phone
2143585818
Address
7300 VALLEY VIEW LANE, DALLAS, TX 75240

Signing Officer

Name
John Gilbert
Title
Chairman of the Board
Phone
2143585818
Signed
2017-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Gilbert
Formed
1996
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
132
Volunteers
550

Preparer

Firm
Pmb Helin Donovan Llp
Address
5550 LBJ Freeway Suite 750, Dallas, TX 75240
Preparer
James D Hodges
Phone
9727885315
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“The School regularly assesses uncertain tax positions in each of the tax jurisdictions in which it has operations and accounts for the related financial statement implications. Unrecognized tax benefits are reported using the two-step approach under which tax effects of a position are recognized only if it is "more-likely-than-not" to be sustained and the amount of the tax benefit recognized is equal to the largest tax benefit that is greater than fifty percent likely of being realized upon ultimate settlement of the tax position. Determining the appropriate level of unrecognized tax benefits requires the Foundation to exercise judgment regarding the uncertain application of tax law. The amount of unrecognized tax benefits is adjusted when information becomes available or when an event occurs indicating change is appropriate. Future changes in unrecognized tax benefits requirements could have a material impact on the results of operations.”

Part XI, Line 4B - Other Adjustments:

“Change in value - beneficial interest in net assets of Associated Foundation 417,928. Grants 797,962. Bad Debt Expense, Netted for Audit 801. Rounding 1.”

Part XII, Line 4B - Other Adjustments:

“Change in value - beneficial interest in net assets of Associated Foundation 417,928. Grants 797,962. Bad Debt Expense, Netted for Audit 801. Rounding 1.”

Raw XML AppendixShowing 400 of 555 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/ActivityOrMissionDesc0THE 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.
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IRS990/Desc0CONVENANT KNIGHT SCHOOL BEGAN THE YEAR WITH 545 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/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/BOYAmt014396123
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt013932874
IRS990/NetAssetsOrFundBalancesBOYAmt014701917
IRS990/NetAssetsOrFundBalancesEOYAmt014920687
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0302932
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0302932
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt04912
IRS990/OccupancyGrp/ManagementAndGeneralAmt013098
IRS990/OccupancyGrp/ProgramServicesAmt0145720
IRS990/OccupancyGrp/TotalAmt0163730
IRS990/OfficeExpensesGrp/FundraisingAmt0126
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07303
IRS990/OfficeExpensesGrp/ProgramServicesAmt05192
IRS990/OfficeExpensesGrp/TotalAmt012621
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt014549853
IRS990/OtherAssetsTotalGrp/EOYAmt014955342
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt027194
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt072517
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0806747
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0906458
IRS990/OtherExpensesGrp/Desc0Teaching Materials and
IRS990/OtherExpensesGrp/Desc1Other Program Costs
IRS990/OtherExpensesGrp/Desc2Contract Labor
IRS990/OtherExpensesGrp/Desc3Other Operating
IRS990/OtherExpensesGrp/FundraisingAmt08939
IRS990/OtherExpensesGrp/FundraisingAmt161682
IRS990/OtherExpensesGrp/FundraisingAmt25633
IRS990/OtherExpensesGrp/FundraisingAmt34414
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013561
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1584
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt215022
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt311770
IRS990/OtherExpensesGrp/ProgramServicesAmt0360283
IRS990/OtherExpensesGrp/ProgramServicesAmt1133921
IRS990/OtherExpensesGrp/ProgramServicesAmt2167121
IRS990/OtherExpensesGrp/ProgramServicesAmt3130950
IRS990/OtherExpensesGrp/TotalAmt0382783
IRS990/OtherExpensesGrp/TotalAmt1196187
IRS990/OtherExpensesGrp/TotalAmt2187776
IRS990/OtherExpensesGrp/TotalAmt3147134
IRS990/OtherLiabilitiesGrp/BOYAmt010482578
IRS990/OtherLiabilitiesGrp/EOYAmt010470573
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0112258
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0299354
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03330402
IRS990/OtherSalariesAndWagesGrp/TotalAmt03742014
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt08273
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt022062
IRS990/PayrollTaxesGrp/ProgramServicesAmt0245440
IRS990/PayrollTaxesGrp/TotalAmt0275775
IRS990/PensionPlanContributionsGrp/FundraisingAmt01567
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04179
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt046496
IRS990/PensionPlanContributionsGrp/TotalAmt052242
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt048668
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt052361
IRS990/PrincipalOfficerNm0JOHN GILBERT
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 ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc3SCHOOL FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07644058
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt188360
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt242641
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt322508
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07644058
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt188360
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt242641
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt322508
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0964118
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0798943
IRS990/PYInvestmentIncomeAmt0-7127
IRS990/PYOtherExpensesAmt02867430
IRS990/PYOtherRevenueAmt0263731
IRS990/PYProgramServiceRevenueAmt07601507
IRS990/PYRevenuesLessExpensesAmt0402654
IRS990/PYSalariesCompEmpBnftPaidAmt04753202
IRS990/PYTotalExpensesAmt08419575
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08822229
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0218770
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0417928
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07797567
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/BookValueAmt014541502
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02703450
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017244952
IRS990ScheduleD/EquipmentGrp/BookValueAmt0259780
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0557150
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0816930
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01216692
IRS990ScheduleD/ExpensesSubtotalAmt07473110
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt012143912
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt012143912
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt040426
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt114914916
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED FINANCING COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INTEREST IN NET ASSETS OF ASSOCIATED FOUNDATION
IRS990ScheduleD/OtherExpensesNotIncludedAmt01216692
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03518
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt050733
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt054251
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt058923
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110411650
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE PAYABLES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTE PAYABLE TO AFFLIATE
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01216692
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01216692
IRS990ScheduleD/RevenueSubtotalAmt07691880
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School regularly assesses uncertain tax positions in each of the tax jurisdictions in which it has operations and accounts for the related financial statement implications. Unrecognized tax benefits are reported using the two-step approach under which tax effects of a position are recognized only if it is "more-likely-than-not" to be sustained and the amount of the tax benefit recognized is equal to the largest tax benefit that is greater than fifty percent likely of being realized upon ultimate settlement of the tax position. Determining the appropriate level of unrecognized tax benefits requires the Foundation to exercise judgment regarding the uncertain application of tax law. The amount of unrecognized tax benefits is adjusted when information becomes available or when an event occurs indicating change is appropriate. Future changes in unrecognized tax benefits requirements could have a material impact on the results of operations.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Change in value - beneficial interest in net assets of Associated Foundation 417,928. Grants 797,962. Bad Debt Expense, Netted for Audit 801. Rounding 1.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Change in value - beneficial interest in net assets of Associated Foundation 417,928. Grants 797,962. Bad Debt Expense, Netted for Audit 801. Rounding 1.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt026948712
IRS990ScheduleD/TotalBookValueOtherAssetsAmt014955342
IRS990ScheduleD/TotalExpensesPerForm990Amt08689802
IRS990ScheduleD/TotalLiabilityAmt010470573
IRS990ScheduleD/TotalRevenuePerForm990Amt08908572
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07691880
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07473110
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/DirectExpenseSummaryEventsAmt054981
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0248808
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0104525
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt04580
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0357913
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0248808
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0104525
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt04580
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0357913
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0302932
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt054981
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt041060

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$47,538,911
Liabilities
$32,618,224
Net assets
$14,920,687
Revenue
$8,908,572
Expenses
$8,689,802
Net income
$218,770
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