Civic Intelligence

Covenant Knights School

990 • Fiscal year 2021 • EIN 75-2642656

Jul 01, 2020 to Jun 30, 2021 • Filed on May 09, 2022

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

0.61x

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

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

87th percentile

2.55x

Higher debt load relative to revenue than 87% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Net Margin

57th percentile

15%

Higher net margin than 57% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

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.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Asset Growth

34th percentile

6.3%

Faster asset growth than 34% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

17th percentile

-7.4%

Faster revenue growth than 17% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$65,440,145

Up $3,854,232 (+6.3%) from 2020

Net Assets

Up

$25,562,652

Up $2,318,448 (+10.0%) from 2020

Liabilities

Up

$39,877,493

Up $1,535,784 (+4.0%) from 2020

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin57th percentile

Revenue

Down

$15,652,987

Down $1,247,547 (-7.4%) from 2020

Expenses

Up

$13,334,427

Up $1,155,277 (+9.5%) from 2020

Net Income

Down

$2,318,560

Down $2,402,824 (-51%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth34th 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

2021

Assets$65,440,145
Liabilities$39,877,493
Net Assets$25,562,652
Open 2021 Filing

Operations Trend

Revenue Growth17th 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

2021

Revenue$15,652,987
Expenses$13,334,427
Net Income$2,318,560
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 9, 2022
Return Version
2020v4.2
Gross Receipts
$15,854,179
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$25,967,727$31,545,561▲ $5,577,834
Cash and Non-Interest-Bearing Accounts$10,881,494$7,591,277▼ $3,290,217
Investments Other Securities$199,747--
Prepaid Expenses and Deferred Charges$63,780$69,641▲ $5,861
Accounts Receivable$19,065$29,682▲ $10,617
Total Assets$61,585,913$65,440,145▲ $3,854,232
Other Assets Total$24,454,100$26,203,984▲ $1,749,884
Liabilities
Other Liabilities$15,004,790$14,961,135▼ $43,655
Mortgage Notes Payable Secured by Investment Property$12,543,246$12,139,203▼ $404,043
Accounts Payable and Accrued Expenses$6,051,356$7,337,961▲ $1,286,605
Deferred Revenue$4,742,317$5,439,194▲ $696,877
Total Liabilities$38,341,709$39,877,493▲ $1,535,784
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,017,820$22,042,798▲ $7,024,978
Net Assets With Donor Restrictions$8,226,384$3,519,854▼ $4,706,530
Total Net Assets Fund Balance$23,244,204$25,562,652▲ $2,318,448
Total Liabilities and Net Assets / Fund Balance$61,585,913$65,440,145▲ $3,854,232

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$18,193,461$6,323,984$24,517,445
Land$12,143,912-$12,143,912
Equipment$1,208,188$651,398$1,859,586
Other Land Buildings$0$55,203$55,203
Other Assets Org$25,956,356--
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Eliot KerlinChairman
Amy AndersonVice Chairperson
Allan KoenigAdmissions Communications
Brian McFarlaneFacilities Liaison
John LewisFinance
Andrea ThomasonParent Educator
Elise HarperPersonnel
Tony LongPersonnel
Jeff WalkerSecretary
Gary KoernerSustaining Member
Gregg Hodges M DSustaining Member
Ray SperringTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,337,458
Program Service Revenue
$11,825,838
Investment Income
$26,871
Other Revenue
$1,462,820
All Other Contributions
$601,862
Change in Net Assets
$2,318,560

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,854,180
Revenue Not Reported on Financial Statements
$-201,192
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-201,192
Total Revenue per Audited Statements
$15,854,180
Total Revenue per Form 990
$15,652,988
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,869,735
Other Expenses$4,234,875
Grants and Similar Amounts Paid$1,229,817
Total Fundraising Expense$406,036
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,007,538$985,644$207,893$6,201,075
Grants to Domestic Individuals$1,229,817--$1,229,817
Depreciation Depletion$954,533$90,800$7,013$1,052,346
Other Employee Benefits$826,266$173,044$23,894$1,023,204
Interest-$1,004,488-$1,004,488
Payroll Taxes$364,467$71,739$15,131$451,337
Other Expenses$266,490$52,640$9,870$329,000
Occupancy-$196,675-$196,675
Pension Plan Contributions$156,756$30,855$6,508$194,119
Insurance-$135,672-$135,672
Advertising$58,584-$76,880$135,464
Fees for Services Accounting-$51,146-$51,146
Office Expenses$6,736$8,901$249$15,886
Information Technology$9,958$1,967$369$12,294
Fees for Services Legal-$11,691-$11,691
All Other Expenses$513--$513
Total Functional Expenses$10,010,990$2,917,401$406,036$13,334,427

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$13,535,732
Expenses per Audited Statements$13,534,293
Total Expenses per Form 990$13,334,428
Expenses Not Reported on Form 990$1,439
Expenses Not Reported on Financial Statements$-199,865
Other Expense Adjustments$-199,865
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$530,243
Fundraising Direct Expenses$199,865
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$425,997$425,997$90,214$335,783
Golf$100,667$100,667$25,042$75,625
Total Events$530,243$530,243$199,865$330,378
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$14,930,139
Capital Lease Payables$30,996
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
2022-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nathan Golik
Formed
1996
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
177
Volunteers
500

Preparer

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

Additional Explanations

Form 990, Part XI, line 9:

“Miscellaneous -112.”

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 -1,327. Fundraising Events -199,865.”

Part XII, Line 2D - Other Adjustments:

“Other Expense 112.”

Part XII, Line 4B - Other Adjustments:

“Fundraising Events -199,865.”

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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/InformationTechnologyGrp/FundraisingAmt0369
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01967
IRS990/InformationTechnologyGrp/ProgramServicesAmt09958
IRS990/InformationTechnologyGrp/TotalAmt012294
IRS990/InsuranceGrp/ManagementAndGeneralAmt0135672
IRS990/InsuranceGrp/TotalAmt0135672
IRS990/InterestGrp/ManagementAndGeneralAmt01004488
IRS990/InterestGrp/TotalAmt01004488
IRS990/InvestmentIncomeGrp/ExclusionAmt028198
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt028198
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0199747
IRS990/IRPDocumentCnt070
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07030585
IRS990/LandBldgEquipBasisNetGrp/BOYAmt025967727
IRS990/LandBldgEquipBasisNetGrp/EOYAmt031545561
IRS990/LandBldgEquipCostOrOtherBssAmt038576146
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01327
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/BOYAmt012543246
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt012139203
IRS990/NetAssetsOrFundBalancesBOYAmt023244204
IRS990/NetAssetsOrFundBalancesEOYAmt025562652
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-1327
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1327
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0330378
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0330378
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt015017820
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt022042798
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0196675
IRS990/OccupancyGrp/TotalAmt0196675
IRS990/OfficeExpensesGrp/FundraisingAmt0249
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08901
IRS990/OfficeExpensesGrp/ProgramServicesAmt06736
IRS990/OfficeExpensesGrp/TotalAmt015886
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt024454100
IRS990/OtherAssetsTotalGrp/EOYAmt026203984
IRS990/OtherChangesInNetAssetsAmt0-112
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt023894
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0173044
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0826266
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01023204
IRS990/OtherExpensesGrp/Desc0Teaching Materials and
IRS990/OtherExpensesGrp/Desc1Other Program Costs
IRS990/OtherExpensesGrp/Desc2Contract Labor
IRS990/OtherExpensesGrp/Desc3Other Operating
IRS990/OtherExpensesGrp/FundraisingAmt0898
IRS990/OtherExpensesGrp/FundraisingAmt147241
IRS990/OtherExpensesGrp/FundraisingAmt210090
IRS990/OtherExpensesGrp/FundraisingAmt39870
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt042901
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15424
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt253814
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt352640
IRS990/OtherExpensesGrp/ProgramServicesAmt0565608
IRS990/OtherExpensesGrp/ProgramServicesAmt1291293
IRS990/OtherExpensesGrp/ProgramServicesAmt2272431
IRS990/OtherExpensesGrp/ProgramServicesAmt3266490
IRS990/OtherExpensesGrp/TotalAmt0609407
IRS990/OtherExpensesGrp/TotalAmt1343958
IRS990/OtherExpensesGrp/TotalAmt2336335
IRS990/OtherExpensesGrp/TotalAmt3329000
IRS990/OtherLiabilitiesGrp/BOYAmt015004790
IRS990/OtherLiabilitiesGrp/EOYAmt014961135
IRS990/OtherRevenueMiscGrp/BusinessCd0611110
IRS990/OtherRevenueMiscGrp/Desc0Miscelaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01132442
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01132442
IRS990/OtherRevenueTotalAmt01132442
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0207893
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0985644
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05007538
IRS990/OtherSalariesAndWagesGrp/TotalAmt06201075
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt015131
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt071739
IRS990/PayrollTaxesGrp/ProgramServicesAmt0364467
IRS990/PayrollTaxesGrp/TotalAmt0451337
IRS990/PensionPlanContributionsGrp/FundraisingAmt06508
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt030855
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0156756
IRS990/PensionPlanContributionsGrp/TotalAmt0194119
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt063780
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt069641
IRS990/PrincipalOfficerNm0Nathan Golik
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 Fees
IRS990/ProgramServiceRevenueGrp/Desc3School Activities
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011361270
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1175202
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2154089
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3135277
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011361270
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1175202
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2154089
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3135277
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05351024
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01025836
IRS990/PYInvestmentIncomeAmt0118023
IRS990/PYOtherExpensesAmt03965635
IRS990/PYOtherRevenueAmt0454798
IRS990/PYProgramServiceRevenueAmt010976689
IRS990/PYRevenuesLessExpensesAmt04721384
IRS990/PYSalariesCompEmpBnftPaidAmt07187679
IRS990/PYTotalExpensesAmt012179150
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt016900534
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02318560
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt01735596
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt012958280
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/BookValueAmt018193461
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06323984
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt024517445
IRS990ScheduleD/EquipmentGrp/BookValueAmt01208188
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0651398
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01859586
IRS990ScheduleD/ExpensesNotReportedAmt01439
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-199865
IRS990ScheduleD/ExpensesSubtotalAmt013534293
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt012143912
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt012143912
IRS990ScheduleD/LossesReportedAmt01327
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0247628
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt125956356
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Financing Costs
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Interest in Net Assets of Associated Foundation (net)
IRS990ScheduleD/OtherExpensesIncludedAmt0112
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-199865
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt055203
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt055203
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt030996
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt114930139
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Capital Lease Payables
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Note Payable to Affliate
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-201192
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-201192
IRS990ScheduleD/RevenueSubtotalAmt015854180
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 -1,327. Fundraising Events -199,865.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Other Expense 112.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Fundraising Events -199,865.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031545561
IRS990ScheduleD/TotalBookValueOtherAssetsAmt026203984
IRS990ScheduleD/TotalExpensesPerForm990Amt013334428
IRS990ScheduleD/TotalLiabilityAmt014961135
IRS990ScheduleD/TotalRevenuePerForm990Amt015652988
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt015854180
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt013535732
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$65,440,145
Liabilities
$39,877,493
Net assets
$25,562,652
Revenue
$15,652,987
Expenses
$13,334,427
Net income
$2,318,560
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