Civic Intelligence

Covenant Knights School

990 • Fiscal year 2020 • EIN 75-2642656

Jul 01, 2019 to Jun 30, 2020 • Filed on Mar 11, 2021

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

77th percentile

0.62x

Higher debt load relative to assets than 77% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

85th percentile

2.27x

Higher debt load relative to revenue than 85% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

83rd percentile

28%

Higher net margin than 83% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

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

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

74th percentile

17%

Faster asset growth than 74% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

78th percentile

16%

Faster revenue growth than 78% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$61,585,913

Up $8,870,968 (+17%) from 2019

Net Assets

Up

$23,244,204

Up $4,721,384 (+25%) from 2019

Liabilities

Up

$38,341,709

Up $4,149,584 (+12%) from 2019

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin83rd percentile

Revenue

Up

$16,900,534

Up $2,387,022 (+16%) from 2019

Expenses

Up

$12,179,150

Up $653,833 (+5.7%) from 2019

Net Income

Up

$4,721,384

Up $1,733,189 (+58%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth74th 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

2020

Assets$61,585,913
Liabilities$38,341,709
Net Assets$23,244,204
Open 2020 Filing

Operations Trend

Revenue Growth78th 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

2020

Revenue$16,900,534
Expenses$12,179,150
Net Income$4,721,384
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 11, 2021
Return Version
2019v5.2
Gross Receipts
$16,900,534
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$26,286,879$25,967,727▼ $319,152
Cash and Non-Interest-Bearing Accounts$6,118,397$10,881,494▲ $4,763,097
Investments Other Securities$796,401$199,747▼ $596,654
Prepaid Expenses and Deferred Charges$83,763$63,780▼ $19,983
Accounts Receivable$44,648$19,065▼ $25,583
Total Assets$52,714,945$61,585,913▲ $8,870,968
Other Assets Total$19,384,857$24,454,100▲ $5,069,243
Liabilities
Other Liabilities$10,849,978$15,004,790▲ $4,154,812
Mortgage Notes Payable Secured by Investment Property$12,934,971$12,543,246▼ $391,725
Accounts Payable and Accrued Expenses$5,418,095$6,051,356▲ $633,261
Deferred Revenue$4,989,081$4,742,317▼ $246,764
Total Liabilities$34,192,125$38,341,709▲ $4,149,584
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,981,417$15,017,820▲ $36,403
Net Assets With Donor Restrictions$3,541,403$8,226,384▲ $4,684,981
Total Net Assets Fund Balance$18,522,820$23,244,204▲ $4,721,384
Total Liabilities and Net Assets / Fund Balance$52,714,945$61,585,913▲ $8,870,968

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,632,592$5,645,111$18,277,703
Land$12,143,912-$12,143,912
Equipment$1,190,882$359,307$1,550,189
Other Land Buildings$341$54,862$55,203
Other Assets Org$24,258,022--
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$5,351,024
Program Service Revenue
$10,976,689
Investment Income
$118,023
Other Revenue
$454,798
All Other Contributions
$261,703
Change in Net Assets
$4,721,384

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,864,646
Revenue Not Reported on Financial Statements
$35,888
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$35,888
Total Revenue per Audited Statements
$16,864,646
Total Revenue per Form 990
$16,900,534
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,187,679
Other Expenses$3,965,635
Grants and Similar Amounts Paid$1,025,836
Total Fundraising Expense$349,972
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,402,911$999,981$144,535$5,547,427
Other Employee Benefits$929,365$125,246$12,708$1,067,319
Grants to Domestic Individuals$1,025,836--$1,025,836
Depreciation Depletion$881,625$83,864$6,478$971,967
Interest-$935,551-$935,551
Payroll Taxes$317,394$72,086$10,419$399,899
Other Expenses$183,458$36,239$6,795$226,492
Pension Plan Contributions$137,335$31,191$4,508$173,034
Occupancy-$172,755-$172,755
Insurance-$146,774-$146,774
Advertising$47,619-$48,586$96,205
All Other Expenses$75,602--$75,602
Information Technology$41,213$8,141$1,526$50,880
Fees for Services Accounting-$47,166-$47,166
Fees for Services Legal-$33,563-$33,563
Office Expenses$6,029$9,040$223$15,292
Total Functional Expenses$9,052,859$2,776,319$349,972$12,179,150

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$12,179,150
Expenses per Audited Statements$12,143,262
Total Expenses per Audited Statements$12,143,262
Expenses Not Reported on Financial Statements$35,888
Other Expense Adjustments$35,888
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$451,606
Fundraising Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$355,949$355,949-$355,949
Golf$93,164$93,164-$93,164
Total Events$451,606$451,606-$451,606
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$13,798,661
CARES Act Payable$1,132,442
Capital Lease Payables$73,687
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
Nathan Golik
Title
Chairman of The Board
Phone
2143585818
Signed
2021-03-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nathan Golik
Formed
1996
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
179
Volunteers
420

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 Gains 35,888.”

Part XII, Line 4B - Other Adjustments:

“Other Gains 35,888.”

Raw XML AppendixShowing 400 of 569 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/Form990PartVIISectionAGrp/TitleTxt8Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt9Facilities Liaison
IRS990/Form990PartVIISectionAGrp/TitleTxt10Finance
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IRS990/InterestGrp/ManagementAndGeneralAmt0935551
IRS990/InterestGrp/TotalAmt0935551
IRS990/InvestmentIncomeGrp/ExclusionAmt082135
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt082135
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0796401
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0199747
IRS990/IRPDocumentCnt037
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06059280
IRS990/LandBldgEquipBasisNetGrp/BOYAmt026286879
IRS990/LandBldgEquipBasisNetGrp/EOYAmt025967727
IRS990/LandBldgEquipCostOrOtherBssAmt032027007
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
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/BOYAmt012934971
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt012543246
IRS990/NetAssetsOrFundBalancesBOYAmt018522820
IRS990/NetAssetsOrFundBalancesEOYAmt023244204
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt035888
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt035888
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0451606
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0451606
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt014981417
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt015017820
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0172755
IRS990/OccupancyGrp/TotalAmt0172755
IRS990/OfficeExpensesGrp/FundraisingAmt0223
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09040
IRS990/OfficeExpensesGrp/ProgramServicesAmt06029
IRS990/OfficeExpensesGrp/TotalAmt015292
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt019384857
IRS990/OtherAssetsTotalGrp/EOYAmt024454100
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt012708
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0125246
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0929365
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01067319
IRS990/OtherExpensesGrp/Desc0Other Program Costs
IRS990/OtherExpensesGrp/Desc1Teaching Materials and
IRS990/OtherExpensesGrp/Desc2Contract Labor
IRS990/OtherExpensesGrp/Desc3Other Operating
IRS990/OtherExpensesGrp/FundraisingAmt0106106
IRS990/OtherExpensesGrp/FundraisingAmt1663
IRS990/OtherExpensesGrp/FundraisingAmt27425
IRS990/OtherExpensesGrp/FundraisingAmt36795
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03551
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt131571
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt239600
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt336239
IRS990/OtherExpensesGrp/ProgramServicesAmt0388833
IRS990/OtherExpensesGrp/ProgramServicesAmt1415166
IRS990/OtherExpensesGrp/ProgramServicesAmt2200473
IRS990/OtherExpensesGrp/ProgramServicesAmt3183458
IRS990/OtherExpensesGrp/TotalAmt0498490
IRS990/OtherExpensesGrp/TotalAmt1447400
IRS990/OtherExpensesGrp/TotalAmt2247498
IRS990/OtherExpensesGrp/TotalAmt3226492
IRS990/OtherLiabilitiesGrp/BOYAmt010849978
IRS990/OtherLiabilitiesGrp/EOYAmt015004790
IRS990/OtherRevenueMiscGrp/BusinessCd0611110
IRS990/OtherRevenueMiscGrp/Desc0Miscelaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03192
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03192
IRS990/OtherRevenueTotalAmt03192
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0144535
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0999981
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04402911
IRS990/OtherSalariesAndWagesGrp/TotalAmt05547427
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt010419
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt072086
IRS990/PayrollTaxesGrp/ProgramServicesAmt0317394
IRS990/PayrollTaxesGrp/TotalAmt0399899
IRS990/PensionPlanContributionsGrp/FundraisingAmt04508
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt031191
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0137335
IRS990/PensionPlanContributionsGrp/TotalAmt0173034
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt083763
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt063780
IRS990/PrincipalOfficerNm0Nathan Golik
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/RelatedOrExemptFuncIncomeAmt010679586
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1166388
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2123742
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt36973
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010679586
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1166388
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2123742
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt36973
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04096604
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0951991
IRS990/PYInvestmentIncomeAmt0-3495
IRS990/PYOtherExpensesAmt03877353
IRS990/PYOtherRevenueAmt0265858
IRS990/PYProgramServiceRevenueAmt010154545
IRS990/PYRevenuesLessExpensesAmt02988195
IRS990/PYSalariesCompEmpBnftPaidAmt06695973
IRS990/PYTotalExpensesAmt011525317
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt014513512
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt04721384
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt05089321
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt010976689
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/BookValueAmt012632592
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05645111
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt018277703
IRS990ScheduleD/EquipmentGrp/BookValueAmt01190882
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0359307
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01550189
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt035888
IRS990ScheduleD/ExpensesSubtotalAmt012143262
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt012143912
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt012143912
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0196078
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt124258022
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Financing Costs
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Interest in Net Assets of Associated Foundation (net)
IRS990ScheduleD/OtherExpensesNotIncludedAmt035888
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0341
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt054862
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt055203
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt073687
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt113798661
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21132442
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Capital Lease Payables
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Note Payable to Affliate
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CARES Act Payable
IRS990ScheduleD/OtherRevenuesNotIncludedAmt035888
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt035888
IRS990ScheduleD/RevenueSubtotalAmt016864646
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 Gains 35,888.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Other Gains 35,888.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt025967727
IRS990ScheduleD/TotalBookValueOtherAssetsAmt024454100
IRS990ScheduleD/TotalExpensesPerForm990Amt012179150
IRS990ScheduleD/TotalLiabilityAmt015004790
IRS990ScheduleD/TotalRevenuePerForm990Amt016900534
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt016864646
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012143262
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$61,585,913
Liabilities
$38,341,709
Net assets
$23,244,204
Revenue
$16,900,534
Expenses
$12,179,150
Net income
$4,721,384
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