Civic Intelligence

Covenant Knights School

990 • Fiscal year 2017 • EIN 75-2642656

Jul 01, 2016 to Jun 30, 2017 • Filed on May 10, 2018

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

0.68x

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

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

91st percentile

3.50x

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

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

61st percentile

6.5%

Higher net margin than 61% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

40th percentile

2.4%

Faster asset growth than 40% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

54th percentile

6.3%

Faster revenue growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$48,703,215

Up $1,164,304 (+2.4%) from 2016

Net Assets

Up

$15,533,739

Up $613,052 (+4.1%) from 2016

Liabilities

Up

$33,169,476

Up $551,252 (+1.7%) from 2016

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin61st percentile

Revenue

Up

$9,471,762

Up $563,190 (+6.3%) from 2016

Expenses

Up

$8,858,710

Up $168,908 (+1.9%) from 2016

Net Income

Up

$613,052

Up $394,282 (+180%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth40th 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

2017

Assets$48,703,215
Liabilities$33,169,476
Net Assets$15,533,739
Open 2017 Filing

Operations Trend

Revenue Growth54th 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

2017

Revenue$9,471,762
Expenses$8,858,710
Net Income$613,052
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 10, 2018
Return Version
2016v3.0
Gross Receipts
$9,527,695
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.

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 trith in service to our Lord, Jesus Christ.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$26,948,712$27,006,535▲ $57,823
Cash and Non-Interest-Bearing Accounts$5,572,093$6,078,789▲ $506,696
Prepaid Expenses and Deferred Charges$52,361$55,830▲ $3,469
Accounts Receivable$10,403$51,325▲ $40,922
Total Assets$47,538,911$48,703,215▲ $1,164,304
Other Assets Total$14,955,342$15,510,736▲ $555,394
Liabilities
Mortgage Notes Payable Secured by Investment Property$13,932,874$13,752,000▼ $180,874
Other Liabilities$10,470,573$10,630,739▲ $160,166
Accounts Payable and Accrued Expenses$4,273,475$4,547,301▲ $273,826
Deferred Revenue$3,941,302$4,239,436▲ $298,134
Total Liabilities$32,618,224$33,169,476▲ $551,252
Net Assets / Fund Balance
Unrestricted Net Assets$13,950,512$14,920,871▲ $970,359
Temporarily Rstr Net Assets$970,175$612,868▼ $357,307
Total Net Assets Fund Balance$14,920,687$15,533,739▲ $613,052
Total Liabilities and Net Assets / Fund Balance$47,538,911$48,703,215▲ $1,164,304

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,444,904$3,297,437$17,742,341
Land$12,143,912-$12,143,912
Equipment$414,169$632,590$1,046,759
Other Land Buildings$3,550$51,653$55,203
Other Assets Org$15,356,598--
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
J J BartoDevelopment
Eliot KerlinFinance
Tony LongPersonnel
Gary KoernerSustaining Member
Gregg Hodges M DSustaining Member
Revenue and Support

Revenue Composition

Contributions and Grants
$789,244
Program Service Revenue
$8,367,215
Investment Income
$6,877
Other Revenue
$308,426
All Other Contributions
$347,562
Change in Net Assets
$613,052

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,185,507
Revenue Not Reported on Financial Statements
$1,286,255
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$1,286,255
Total Revenue per Audited Statements
$8,185,507
Total Revenue per Form 990
$9,471,762
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,262,794
Other Expenses$2,752,000
Grants and Similar Amounts Paid$843,916
Total Fundraising Expense$235,252
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,587,450$322,468$120,925$4,030,843
Other Employee Benefits$796,023$71,553$26,832$894,408
Grants to Domestic Individuals$843,916--$843,916
Depreciation Depletion$667,917$60,037$22,514$750,468
Interest$592,914$53,296$19,986$666,196
Payroll Taxes$257,831$23,176$8,691$289,698
Other Expenses$161,728$14,537$5,452$181,717
Occupancy$140,743$12,651$4,744$158,138
Insurance$77,393$6,957$2,609$86,959
Pension Plan Contributions$42,582$3,828$1,435$47,845
Fees for Services Accounting$27,872$2,505$940$31,317
Advertising$12,369-$10,165$22,534
Office Expenses$7,092$6,942$142$14,176
Information Technology$8,340$750$281$9,371
Fees for Services Legal$2,526$227$85$2,838
All Other Expenses$657--$657
Total Functional Expenses$8,027,361$596,097$235,252$8,858,710

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,858,710
Expenses per Audited Statements$7,572,455
Total Expenses per Audited Statements$7,572,455
Expenses Not Reported on Financial Statements$1,286,255
Other Expense Adjustments$1,286,255
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$364,359
Fundraising Direct Expenses$55,933
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$246,201$246,201$42,149$204,052
Golf$114,905$114,905$13,784$101,121
Total Events$364,359$364,359$55,933$308,426
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable to Affliate$10,411,649
Capital Lease Payables$219,090
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
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, Part VI, Section B, line 11B

“Covenant Knight School Form 990 is prepared by their CPA firm. After recieving the finished form, Covenant Knight 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 2017. 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 visted with candidate in person before deliberating on the personnel committee 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
2018-05-10
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
155
Volunteers
0

Preparer

Firm
Still Burton LLP
Address
13465 Midway Road Suite 475, Farmers Branch, TX 75244
Preparer
Brett K Burton
Phone
4697011710
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 ulitmate 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 avaliable 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:

“Associated Foundation 441,682. Grants 843,916. Bad Debt Expense, Netted for Audit 657.”

Part XII, Line 4B - Other Adjustments:

“Associated Foundation 441,682. Grants 843,916. Bad Debt Expense, Netted for Audit 657.”

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/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt013932874
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt013752000
IRS990/NetAssetsOrFundBalancesBOYAmt014920687
IRS990/NetAssetsOrFundBalancesEOYAmt015533739
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0308426
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0308426
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt04744
IRS990/OccupancyGrp/ManagementAndGeneralAmt012651
IRS990/OccupancyGrp/ProgramServicesAmt0140743
IRS990/OccupancyGrp/TotalAmt0158138
IRS990/OfficeExpensesGrp/FundraisingAmt0142
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06942
IRS990/OfficeExpensesGrp/ProgramServicesAmt07092
IRS990/OfficeExpensesGrp/TotalAmt014176
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt014955342
IRS990/OtherAssetsTotalGrp/EOYAmt015510736
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt026832
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt071553
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0796023
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0894408
IRS990/OtherExpensesGrp/Desc0Teaching Materials and
IRS990/OtherExpensesGrp/Desc1Other Program Costs
IRS990/OtherExpensesGrp/Desc2Contract Labor
IRS990/OtherExpensesGrp/Desc3Other Operating
IRS990/OtherExpensesGrp/FundraisingAmt04282
IRS990/OtherExpensesGrp/FundraisingAmt1179
IRS990/OtherExpensesGrp/FundraisingAmt25990
IRS990/OtherExpensesGrp/FundraisingAmt35452
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0592
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1605
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt215973
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt314537
IRS990/OtherExpensesGrp/ProgramServicesAmt0352358
IRS990/OtherExpensesGrp/ProgramServicesAmt1269955
IRS990/OtherExpensesGrp/ProgramServicesAmt2177695
IRS990/OtherExpensesGrp/ProgramServicesAmt3161728
IRS990/OtherExpensesGrp/TotalAmt0357232
IRS990/OtherExpensesGrp/TotalAmt1270739
IRS990/OtherExpensesGrp/TotalAmt2199658
IRS990/OtherExpensesGrp/TotalAmt3181717
IRS990/OtherLiabilitiesGrp/BOYAmt010470573
IRS990/OtherLiabilitiesGrp/EOYAmt010630739
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0120925
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0322468
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03587450
IRS990/OtherSalariesAndWagesGrp/TotalAmt04030843
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt08691
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt023176
IRS990/PayrollTaxesGrp/ProgramServicesAmt0257831
IRS990/PayrollTaxesGrp/TotalAmt0289698
IRS990/PensionPlanContributionsGrp/FundraisingAmt01435
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03828
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt042582
IRS990/PensionPlanContributionsGrp/TotalAmt047845
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt052361
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt055830
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/RelatedOrExemptFuncIncomeAmt08184208
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt195072
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt252057
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt335878
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08184208
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt195072
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt252057
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt335878
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0802331
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0797962
IRS990/PYInvestmentIncomeAmt05742
IRS990/PYOtherExpensesAmt02915351
IRS990/PYOtherRevenueAmt0302932
IRS990/PYProgramServiceRevenueAmt07797567
IRS990/PYRevenuesLessExpensesAmt0218770
IRS990/PYSalariesCompEmpBnftPaidAmt04976489
IRS990/PYTotalExpensesAmt08689802
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08908572
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0613052
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0441682
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt08367215
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/BookValueAmt014444904
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03297437
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017742341
IRS990ScheduleD/EquipmentGrp/BookValueAmt0414169
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0632590
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01046759
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01286255
IRS990ScheduleD/ExpensesSubtotalAmt07572455
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt012143912
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt012143912
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0154138
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt115356598
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Financing Costs
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Interest in Net Assets of Associated Foundation
IRS990ScheduleD/OtherExpensesNotIncludedAmt01286255
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03550
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt051653
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt055203
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0219090
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110411649
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Capital Lease Payables
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Note Payable to Affliate
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01286255
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01286255
IRS990ScheduleD/RevenueSubtotalAmt08185507
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 ulitmate 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 avaliable 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/ExplanationTxt1Associated Foundation 441,682. Grants 843,916. Bad Debt Expense, Netted for Audit 657.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Associated Foundation 441,682. Grants 843,916. Bad Debt Expense, Netted for Audit 657.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt027006535
IRS990ScheduleD/TotalBookValueOtherAssetsAmt015510736
IRS990ScheduleD/TotalExpensesPerForm990Amt08858710
IRS990ScheduleD/TotalLiabilityAmt010630739
IRS990ScheduleD/TotalRevenuePerForm990Amt09471762
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08185507
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07572455
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/ExplanationTxt0See Part II
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The academy admits students of any race, color, and national or ethnic origin to all the rights, privileges, programs, and activities accorded or made avaliable to its students and does not discriminate on the basis of race in administration of its educational policies, admission policies, scholarship and loan programs, and athletic and other school programs. This nondiscriminatory policy is clearly stated on the organizations website at www.convenantschool.com and is printed in all application packets.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 3 - Explanation of Nondiscrimination Policy:
IRS990ScheduleG/AgrmtProfFundraisingActyInd00
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt055933
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Auction
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Golf
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0246201
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0114905
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt03253
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0364359
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0246201
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0114905
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt03253
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0364359
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0308426

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$48,703,215
Liabilities
$33,169,476
Net assets
$15,533,739
Revenue
$9,471,762
Expenses
$8,858,710
Net income
$613,052
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