Civic Intelligence

Covenant Knights School

990 • Fiscal year 2019 • EIN 75-2642656

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 23, 2020

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

79th percentile

0.65x

Higher debt load relative to assets than 79% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

86th percentile

2.36x

Higher debt load relative to revenue than 86% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

79th percentile

21%

Higher net margin than 79% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

5th percentile

$0

Higher top officer pay than 5% of similar nonprofits.

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

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

58th percentile

6.6%

Faster asset growth than 58% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

90th percentile

42%

Faster revenue growth than 90% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$52,714,945

Up $3,257,027 (+6.6%) from 2018

Net Assets

Up

$18,522,820

Up $2,988,195 (+19%) from 2018

Liabilities

Up

$34,192,125

Up $268,832 (+0.8%) from 2018

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin79th percentile

Revenue

Up

$14,513,512

Up $4,320,067 (+42%) from 2018

Expenses

Up

$11,525,317

Up $1,332,758 (+13%) from 2018

Net Income

Up

$2,988,195

Up $2,987,309 (+337168%) from 2018

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

2019

Assets$52,714,945
Liabilities$34,192,125
Net Assets$18,522,820
Open 2019 Filing

Operations Trend

Revenue Growth90th 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

2019

Revenue$14,513,512
Expenses$11,525,317
Net Income$2,988,195
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 23, 2020
Return Version
2018v3.1
Gross Receipts
$14,702,884
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$26,905,679$26,286,879▼ $618,800
Cash and Non-Interest-Bearing Accounts$6,656,647$6,118,397▼ $538,250
Investments Other Securities-$796,401-
Prepaid Expenses and Deferred Charges$111,791$83,763▼ $28,028
Accounts Receivable$48,846$44,648▼ $4,198
Total Assets$49,457,918$52,714,945▲ $3,257,027
Other Assets Total$15,734,955$19,384,857▲ $3,649,902
Liabilities
Mortgage Notes Payable Secured by Investment Property$13,314,765$12,934,971▼ $379,794
Other Liabilities$10,598,555$10,849,978▲ $251,423
Accounts Payable and Accrued Expenses$5,360,208$5,418,095▲ $57,887
Deferred Revenue$4,649,765$4,989,081▲ $339,316
Total Liabilities$33,923,293$34,192,125▲ $268,832
Net Assets / Fund Balance
Unrestricted Net Assets$15,069,122$14,981,417▼ $87,705
Temporarily Rstr Net Assets$465,503$3,541,403▲ $3,075,900
Total Net Assets Fund Balance$15,534,625$18,522,820▲ $2,988,195
Total Liabilities and Net Assets / Fund Balance$49,457,918$52,714,945▲ $3,257,027

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,249,347$4,607,388$17,856,735
Land$12,143,912-$12,143,912
Equipment$893,089$563,690$1,456,779
Other Land Buildings$531$54,672$55,203
Other Assets Org$19,188,779--
Compensation and Service Providers
Top Officer Pay5th percentile

Board Members and Trustees

NameTitle
Nathan GolikChairman
Allan KoenigAdmissions Communications
Bodie SpanglerAthletics
J J BartoCurriculum
Amy AndersonDevelopment Liaison
Brian McFarlaneFacilities Liaison
Tony LongPersonnel
Jeff WalkerSecretary
Gary KoernerSustaining Member
Gregg Hodges M DSustaining Member
Eliot KerlinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,096,604
Program Service Revenue
$10,154,545
Investment Income
$-3,495
Other Revenue
$265,858
All Other Contributions
$426,623
Change in Net Assets
$2,988,195

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,702,884
Revenue Not Reported on Financial Statements
$-189,372
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-189,372
Total Revenue per Audited Statements
$14,702,884
Total Revenue per Form 990
$14,513,512
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,695,973
Other Expenses$3,877,353
Grants and Similar Amounts Paid$951,991
Total Fundraising Expense$408,417
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,015,015$911,883$131,802$5,058,700
Other Employee Benefits$884,921$200,980$29,049$1,114,950
Depreciation Depletion$878,604$83,577$6,455$968,636
Grants to Domestic Individuals$951,991--$951,991
Interest-$870,341-$870,341
Payroll Taxes$292,100$66,341$9,589$368,030
Other Expenses$172,583$34,091$6,392$213,066
Occupancy-$172,853-$172,853
Pension Plan Contributions$122,460$27,813$4,020$154,293
Advertising$106,900-$37,255$144,155
Insurance-$125,080-$125,080
Information Technology$71,541$14,131$2,650$88,322
Fees for Services Accounting-$44,422-$44,422
All Other Expenses$27,264--$27,264
Office Expenses$6,888$7,368$255$14,511
Fees for Services Legal-$409-$409
Total Functional Expenses$8,475,467$2,641,433$408,417$11,525,317

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,714,689
Expenses per Audited Statements$11,695,398
Total Expenses per Form 990$11,525,317
Expenses Not Reported on Form 990$19,291
Expenses Not Reported on Financial Statements$-170,081
Other Expense Adjustments$-170,081
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$435,939
Fundraising Direct Expenses$170,081
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$352,070$352,070$51,543$300,527
Golf$81,266$81,266$20,623$60,643
Total Events$435,939$435,939$170,081$265,858
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$10,716,025
Capital Lease Payables$133,953
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
2020-01-23
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
175
Volunteers
400

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:

“Other Losses -19,291. Fundraising Events -170,081.”

Part XII, Line 4B - Other Adjustments:

“Fundraising Events -170,081.”

Raw XML AppendixShowing 400 of 566 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/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/BOYAmt013314765
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt012934971
IRS990/NetAssetsOrFundBalancesBOYAmt015534625
IRS990/NetAssetsOrFundBalancesEOYAmt018522820
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-19291
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-19291
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0265858
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0265858
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0172853
IRS990/OccupancyGrp/TotalAmt0172853
IRS990/OfficeExpensesGrp/FundraisingAmt0255
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07368
IRS990/OfficeExpensesGrp/ProgramServicesAmt06888
IRS990/OfficeExpensesGrp/TotalAmt014511
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt015734955
IRS990/OtherAssetsTotalGrp/EOYAmt019384857
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt029049
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0200980
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0884921
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01114950
IRS990/OtherExpensesGrp/Desc0Teaching Materials and
IRS990/OtherExpensesGrp/Desc1Other Program Costs
IRS990/OtherExpensesGrp/Desc2Contract Labor
IRS990/OtherExpensesGrp/Desc3Other Operating
IRS990/OtherExpensesGrp/FundraisingAmt01541
IRS990/OtherExpensesGrp/FundraisingAmt1170501
IRS990/OtherExpensesGrp/FundraisingAmt28908
IRS990/OtherExpensesGrp/FundraisingAmt36392
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt029666
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14971
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt247507
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt334091
IRS990/OtherExpensesGrp/ProgramServicesAmt0478512
IRS990/OtherExpensesGrp/ProgramServicesAmt1226182
IRS990/OtherExpensesGrp/ProgramServicesAmt2240506
IRS990/OtherExpensesGrp/ProgramServicesAmt3172583
IRS990/OtherExpensesGrp/TotalAmt0509719
IRS990/OtherExpensesGrp/TotalAmt1401654
IRS990/OtherExpensesGrp/TotalAmt2296921
IRS990/OtherExpensesGrp/TotalAmt3213066
IRS990/OtherLiabilitiesGrp/BOYAmt010598555
IRS990/OtherLiabilitiesGrp/EOYAmt010849978
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0131802
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0911883
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04015015
IRS990/OtherSalariesAndWagesGrp/TotalAmt05058700
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt09589
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt066341
IRS990/PayrollTaxesGrp/ProgramServicesAmt0292100
IRS990/PayrollTaxesGrp/TotalAmt0368030
IRS990/PensionPlanContributionsGrp/FundraisingAmt04020
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt027813
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0122460
IRS990/PensionPlanContributionsGrp/TotalAmt0154293
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0111791
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt083763
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/Desc1School Activities
IRS990/ProgramServiceRevenueGrp/Desc2Athletic Club
IRS990/ProgramServiceRevenueGrp/Desc3School Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09772212
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1187037
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2127673
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt367623
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09772212
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1187037
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2127673
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt367623
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0921618
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0912291
IRS990/PYInvestmentIncomeAmt0-218874
IRS990/PYOtherExpensesAmt03527137
IRS990/PYOtherRevenueAmt0306920
IRS990/PYProgramServiceRevenueAmt09183781
IRS990/PYRevenuesLessExpensesAmt0886
IRS990/PYSalariesCompEmpBnftPaidAmt05753131
IRS990/PYTotalExpensesAmt010192559
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010193445
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02988195
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt03669981
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt010154548
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/BookValueAmt013249347
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04607388
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017856735
IRS990ScheduleD/EquipmentGrp/BookValueAmt0893089
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0563690
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01456779
IRS990ScheduleD/ExpensesNotReportedAmt019291
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-170081
IRS990ScheduleD/ExpensesSubtotalAmt011695398
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt012143912
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt012143912
IRS990ScheduleD/LossesReportedAmt019291
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0196078
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt119188779
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Financing Costs
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Interest in Net Assets of Associated Foundation (net)
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-170081
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0531
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt054672
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt055203
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0133953
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110716025
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Capital Lease Payables
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Note Payable to Affliate
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-189372
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-189372
IRS990ScheduleD/RevenueSubtotalAmt014702884
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/ExplanationTxt1Other Losses -19,291. Fundraising Events -170,081.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Fundraising Events -170,081.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt026286879
IRS990ScheduleD/TotalBookValueOtherAssetsAmt019384857
IRS990ScheduleD/TotalExpensesPerForm990Amt011525317
IRS990ScheduleD/TotalLiabilityAmt010849978
IRS990ScheduleD/TotalRevenuePerForm990Amt014513512
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt014702884
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011714689
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/DirectExpenseSummaryEventsAmt0170081
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Auction

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$52,714,945
Liabilities
$34,192,125
Net assets
$18,522,820
Revenue
$14,513,512
Expenses
$11,525,317
Net income
$2,988,195
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