Civic Intelligence

Covenant Knights School

990 • Fiscal year 2018 • EIN 75-2642656

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

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

82nd percentile

0.69x

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

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

91st percentile

3.33x

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

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

33rd percentile

0.0%

Higher net margin than 33% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

46th percentile

1.5%

Faster asset growth than 46% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

58th percentile

7.6%

Faster revenue growth than 58% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$49,457,918

Up $754,703 (+1.5%) from 2017

Net Assets

Up

$15,534,625

Up $886 (+0.0%) from 2017

Liabilities

Up

$33,923,293

Up $753,817 (+2.3%) from 2017

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin33rd percentile

Revenue

Up

$10,193,445

Up $721,683 (+7.6%) from 2017

Expenses

Up

$10,192,559

Up $1,333,849 (+15%) from 2017

Net Income

Down

$886

Down $612,166 (-100%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth46th 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

2018

Assets$49,457,918
Liabilities$33,923,293
Net Assets$15,534,625
Open 2018 Filing

Operations Trend

Revenue Growth58th 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

2018

Revenue$10,193,445
Expenses$10,192,559
Net Income$886
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$10,490,284
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$27,006,535$26,905,679▼ $100,856
Cash and Non-Interest-Bearing Accounts$6,078,789$6,656,647▲ $577,858
Prepaid Expenses and Deferred Charges$55,830$111,791▲ $55,961
Accounts Receivable$51,325$48,846▼ $2,479
Total Assets$48,703,215$49,457,918▲ $754,703
Other Assets Total$15,510,736$15,734,955▲ $224,219
Liabilities
Mortgage Notes Payable Secured by Investment Property$13,752,000$13,314,765▼ $437,235
Other Liabilities$10,630,739$10,598,555▼ $32,184
Accounts Payable and Accrued Expenses$4,547,301$5,360,208▲ $812,907
Deferred Revenue$4,239,436$4,649,765▲ $410,329
Total Liabilities$33,169,476$33,923,293▲ $753,817
Net Assets / Fund Balance
Unrestricted Net Assets$14,920,871$15,069,122▲ $148,251
Temporarily Rstr Net Assets$612,868$465,503▼ $147,365
Total Net Assets Fund Balance$15,533,739$15,534,625▲ $886
Total Liabilities and Net Assets / Fund Balance$48,703,215$49,457,918▲ $754,703

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,805,988$3,898,144$17,704,132
Land$12,143,912-$12,143,912
Equipment$953,300$423,860$1,377,160
Other Land Buildings$2,479$52,724$55,203
Other Assets Org$15,538,878--
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
J J BartoChairman of the Board
Nathan GolikVice Chairman
Bodie SpanglerAthletics
Amy AndersonDevelopment Liaison
Brad ClarkFacilities Liaison
Brian McFarlaneMaster Plan
Tony LongPersonnel
Allan KoenigSecretary
Gary KoernerSustaining Member
Gregg Hodges M DSustaining Member
Eliot KerlinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$921,618
Program Service Revenue
$9,183,781
Investment Income
$-218,874
Other Revenue
$306,920
All Other Contributions
$724,150
Change in Net Assets
$886

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,306,696
Revenue Not Reported on Financial Statements
$886,749
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$886,749
Total Revenue per Audited Statements
$9,306,696
Total Revenue per Form 990
$10,193,445
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,753,131
Other Expenses$3,527,137
Grants and Similar Amounts Paid$912,291
Total Fundraising Expense$383,148
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,500,159$691,389$129,636$4,321,184
Other Employee Benefits$841,461$166,214$31,165$1,038,840
Grants to Domestic Individuals$912,291--$912,291
Interest$735,139$145,213$27,227$907,579
Depreciation Depletion$696,139$137,509$25,783$859,431
Payroll Taxes$251,975$49,773$9,332$311,080
Other Expenses$137,413$27,143$5,089$169,645
Occupancy$135,454$26,756$5,017$167,227
Insurance$94,321$18,631$3,493$116,445
Pension Plan Contributions$66,442$13,124$2,461$82,027
Information Technology$58,022$11,461$2,149$71,632
Fees for Services Accounting$19,449$28,242$720$48,411
Advertising$16,725-$21,246$37,971
Fees for Services Legal$11,762$2,323$436$14,521
Office Expenses$6,119$8,050$227$14,396
All Other Expenses$2,090--$2,090
Total Functional Expenses$8,403,795$1,405,616$383,148$10,192,559

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$10,192,559
Total Expenses per Audited Statements$9,305,810
Expenses per Audited Statements$9,080,710
Expenses Not Reported on Financial Statements$1,111,849
Other Expense Adjustments$1,111,849
Expenses Not Reported on Form 990$225,100
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$378,659
Fundraising Direct Expenses$71,739
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$282,555$282,555$54,475$228,080
Golf$92,635$92,635$17,264$75,371
Total Events$378,659$378,659$71,739$306,920
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$186,906
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
J J Barto
Title
Chairman of The Board
Phone
2143585818
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J J Barto
Formed
1996
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
159
Volunteers
350

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 197,693. Grants 912,291. Bad Debt Expense, Netted for Audit 2,090. Other Losses -225,100. Miscellaneous -225.”

Part XII, Line 4B - Other Adjustments:

“Associated Foundation 197,693. Grants 912,291. Bad Debt Expense, Netted for Audit 2,090. Miscellaneous -225.”

Raw XML AppendixShowing 400 of 570 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/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt024
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04374728
IRS990/LandBldgEquipBasisNetGrp/BOYAmt027006535
IRS990/LandBldgEquipBasisNetGrp/EOYAmt026905679
IRS990/LandBldgEquipCostOrOtherBssAmt031280407
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0225100
IRS990/LoanOutstandingInd01
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
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/BOYAmt013752000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt013314765
IRS990/NetAssetsOrFundBalancesBOYAmt015533739
IRS990/NetAssetsOrFundBalancesEOYAmt015534625
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-225100
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-225100
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0306920
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0306920
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt05017
IRS990/OccupancyGrp/ManagementAndGeneralAmt026756
IRS990/OccupancyGrp/ProgramServicesAmt0135454
IRS990/OccupancyGrp/TotalAmt0167227
IRS990/OfficeExpensesGrp/FundraisingAmt0227
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08050
IRS990/OfficeExpensesGrp/ProgramServicesAmt06119
IRS990/OfficeExpensesGrp/TotalAmt014396
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt015510736
IRS990/OtherAssetsTotalGrp/EOYAmt015734955
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt031165
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0166214
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0841461
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01038840
IRS990/OtherExpensesGrp/Desc0Teaching Materials and
IRS990/OtherExpensesGrp/Desc1Other Program Costs
IRS990/OtherExpensesGrp/Desc2Contract Labor
IRS990/OtherExpensesGrp/Desc3Other Operating
IRS990/OtherExpensesGrp/FundraisingAmt01264
IRS990/OtherExpensesGrp/FundraisingAmt1108104
IRS990/OtherExpensesGrp/FundraisingAmt29799
IRS990/OtherExpensesGrp/FundraisingAmt35089
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt023814
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13710
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt252264
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt327143
IRS990/OtherExpensesGrp/ProgramServicesAmt0427957
IRS990/OtherExpensesGrp/ProgramServicesAmt1226292
IRS990/OtherExpensesGrp/ProgramServicesAmt2264585
IRS990/OtherExpensesGrp/ProgramServicesAmt3137413
IRS990/OtherExpensesGrp/TotalAmt0453035
IRS990/OtherExpensesGrp/TotalAmt1338106
IRS990/OtherExpensesGrp/TotalAmt2326648
IRS990/OtherExpensesGrp/TotalAmt3169645
IRS990/OtherLiabilitiesGrp/BOYAmt010630739
IRS990/OtherLiabilitiesGrp/EOYAmt010598555
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0129636
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0691389
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03500159
IRS990/OtherSalariesAndWagesGrp/TotalAmt04321184
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt09332
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt049773
IRS990/PayrollTaxesGrp/ProgramServicesAmt0251975
IRS990/PayrollTaxesGrp/TotalAmt0311080
IRS990/PensionPlanContributionsGrp/FundraisingAmt02461
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt013124
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt066442
IRS990/PensionPlanContributionsGrp/TotalAmt082027
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt055830
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0111791
IRS990/PrincipalOfficerNm0J J Barto
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/RelatedOrExemptFuncIncomeAmt08999729
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt191330
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt267755
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt324967
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08999729
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt191330
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt267755
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt324967
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0789244
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0843916
IRS990/PYInvestmentIncomeAmt06877
IRS990/PYOtherExpensesAmt02752000
IRS990/PYOtherRevenueAmt0308426
IRS990/PYProgramServiceRevenueAmt08367215
IRS990/PYRevenuesLessExpensesAmt0613052
IRS990/PYSalariesCompEmpBnftPaidAmt05262794
IRS990/PYTotalExpensesAmt08858710
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09471762
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0886
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0197468
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt09183781
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt013805988
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03898144
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017704132
IRS990ScheduleD/EquipmentGrp/BookValueAmt0953300
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0423860
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01377160
IRS990ScheduleD/ExpensesNotReportedAmt0225100
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01111849
IRS990ScheduleD/ExpensesSubtotalAmt09080710
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt012143912
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt012143912
IRS990ScheduleD/LossesReportedAmt0225100
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0196077
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt115538878
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Financing Costs
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Interest in Net Assets of Associated Foundation (net)
IRS990ScheduleD/OtherExpensesNotIncludedAmt01111849
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02479
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt052724
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt055203
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0186906
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110411649
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Capital Lease Payables
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Note Payable to Affliate
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0886749
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0886749
IRS990ScheduleD/RevenueSubtotalAmt09306696
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 197,693. Grants 912,291. Bad Debt Expense, Netted for Audit 2,090. Other Losses -225,100. Miscellaneous -225.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Associated Foundation 197,693. Grants 912,291. Bad Debt Expense, Netted for Audit 2,090. Miscellaneous -225.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt026905679
IRS990ScheduleD/TotalBookValueOtherAssetsAmt015734955
IRS990ScheduleD/TotalExpensesPerForm990Amt010192559
IRS990ScheduleD/TotalLiabilityAmt010598555
IRS990ScheduleD/TotalRevenuePerForm990Amt010193445
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09306696
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09305810
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/DirectExpenseSummaryEventsAmt071739

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$49,457,918
Liabilities
$33,923,293
Net assets
$15,534,625
Revenue
$10,193,445
Expenses
$10,192,559
Net income
$886
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