Civic Intelligence

Covenant Classical School

990 • Fiscal year 2017 • EIN 75-2821065

Aug 01, 2016 to Jul 31, 2017 • Filed on Jun 15, 2018

Organization ProfileWWW.COVENANTFW.ORG
1701 Wind Star WayFort Worth, TX 76108

(817) 820-0884

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

66th percentile

0.41x

Higher debt load relative to assets than 66% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

81st percentile

1.11x

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

69th percentile

11%

Higher net margin than 69% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

59th percentile

7.1%

Faster asset growth than 59% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

68th percentile

13%

Faster revenue growth than 68% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$14,416,272

Up $955,892 (+7.1%) from 2016

Net Assets

Up

$8,529,676

Up $564,037 (+7.1%) from 2016

Liabilities

Up

$5,886,596

Up $391,855 (+7.1%) from 2016

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin69th percentile

Revenue

Up

$5,327,208

Up $603,155 (+13%) from 2016

Expenses

Up

$4,763,171

Up $439,717 (+10%) from 2016

Net Income

Up

$564,037

Up $163,438 (+41%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $7,492,972Liabilities 2011: $2,856,796Net Assets 2011: $4,636,1762011Assets 2012: $8,621,192Liabilities 2012: $2,241,406Net Assets 2012: $6,379,7862012Assets 2013: $9,623,892Liabilities 2013: $2,467,904Net Assets 2013: $7,155,9882013Assets 2014: $12,154,573Liabilities 2014: $4,716,962Net Assets 2014: $7,437,6112014Assets 2015: $13,203,303Liabilities 2015: $5,638,265Net Assets 2015: $7,565,0382015Assets 2016: $13,460,380Liabilities 2016: $5,494,741Net Assets 2016: $7,965,6392016Assets 2017: $14,416,272Liabilities 2017: $5,886,596Net Assets 2017: $8,529,6762017Assets 2018: $14,593,910Liabilities 2018: $5,999,923Net Assets 2018: $8,593,9872018Assets 2019: $18,389,003Liabilities 2019: $6,524,498Net Assets 2019: $11,864,5052019Assets 2020: $19,574,896Liabilities 2020: $7,245,569Net Assets 2020: $12,329,3272020Assets 2021: $21,414,622Liabilities 2021: $5,769,910Net Assets 2021: $15,644,7122021Assets 2022: $27,677,695Liabilities 2022: $9,586,353Net Assets 2022: $18,091,3422022Assets 2023: $27,039,797Liabilities 2023: $8,259,839Net Assets 2023: $18,779,9582023Assets 2024: $26,068,892Liabilities 2024: $5,374,032Net Assets 2024: $20,694,8602024

Highlighted filing

2017

Assets$14,416,272
Liabilities$5,886,596
Net Assets$8,529,676
Open 2017 Filing

Operations Trend

Revenue Growth68th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0Expenses 2011: $2,206,0892011Expenses 2012: $2,500,5232012Expenses 2013: $2,358,7722013Revenue 2014: $3,462,513Expenses 2014: $3,180,890Net Income 2014: $281,6232014Revenue 2015: $3,894,958Expenses 2015: $3,767,530Net Income 2015: $127,4282015Revenue 2016: $4,724,053Expenses 2016: $4,323,454Net Income 2016: $400,5992016Revenue 2017: $5,327,208Expenses 2017: $4,763,171Net Income 2017: $564,0372017Revenue 2018: $5,237,103Expenses 2018: $5,172,792Net Income 2018: $64,3112018Revenue 2019: $8,693,700Expenses 2019: $5,463,132Net Income 2019: $3,230,5682019Revenue 2020: $6,561,417Expenses 2020: $6,096,595Net Income 2020: $464,8222020Revenue 2021: $9,452,870Expenses 2021: $6,307,116Net Income 2021: $3,145,7542021Revenue 2022: $9,648,218Expenses 2022: $7,202,833Net Income 2022: $2,445,3852022Revenue 2023: $8,823,286Expenses 2023: $8,134,670Net Income 2023: $688,6162023Revenue 2024: $10,755,035Expenses 2024: $8,790,267Net Income 2024: $1,964,7682024

Highlighted filing

2017

Revenue$5,327,208
Expenses$4,763,171
Net Income$564,037
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
Jun 15, 2018
Return Version
2016v3.0
Gross Receipts
$5,385,516
Mission and Program Overview

Mission

To train our students to live and think according to a biblical, christ-centered worldview. We accomplish this by partnering with parents to provide a rigorous, classical education that instills a lifelong love of learning.

K-12 private classical schoolmission statement: to train our students to live and think according to a biblical, christ-centered worldview. We accomplish this by partnering with parents to provide a rigorous, classical education that instills a lifelong love of learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,647,643$8,467,434▼ $180,209
Savings and Temporary Cash Investments$2,693,899$3,541,062▲ $847,163
Accounts Receivable$1,283,214$1,485,025▲ $201,811
Pledges and Grants Receivable$580,763$699,013▲ $118,250
Cash and Non-Interest-Bearing Accounts$148,174$110,562▼ $37,612
Prepaid Expenses and Deferred Charges$57,485$78,697▲ $21,212
Receivables From Officers Etc$40,000$30,000▼ $10,000
Intangible Assets$4,212$1,879▼ $2,333
Inventories for Sale or Use$3,670$1,610▼ $2,060
Total Assets$13,460,380$14,416,272▲ $955,892
Other Assets Total$1,320$990▼ $330
Liabilities
Deferred Revenue$3,604,075$3,964,933▲ $360,858
Mortgage Notes Payable Secured by Investment Property$1,868,475$1,911,336▲ $42,861
Accounts Payable and Accrued Expenses$22,191$10,327▼ $11,864
Total Liabilities$5,494,741$5,886,596▲ $391,855
Net Assets / Fund Balance
Unrestricted Net Assets$6,982,641$6,771,152▼ $211,489
Temporarily Rstr Net Assets$982,998$1,758,524▲ $775,526
Total Net Assets Fund Balance$7,965,639$8,529,676▲ $564,037
Total Liabilities and Net Assets / Fund Balance$13,460,380$14,416,272▲ $955,892

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,838,184$1,137,556$7,975,740
Land$1,172,694-$1,172,694
Other Land Buildings$417,333$512,229$929,562
Equipment$39,223$127,433$166,656
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Eric CookHeadmasterFT$161,402$161,402

Board Members and Trustees

NameTitle
Christian EllisPresident
Darren KeyesMember
David Capper MdMember
Doug BrileyMember
Kim McdonaldMember
Robert E OpitzMember
Sam CorlettMember
Scott FredricksMember
Scott WadeMember
Lori BirbariSecretary
Will PickettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$992,578
Program Service Revenue
$4,051,974
Investment Income
$2,357
Other Revenue
$280,299
All Other Contributions
$986,653
Change in Net Assets
$564,037
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,183,570
Other Expenses$1,367,040
Grants and Similar Amounts Paid$212,561
Total Fundraising Expense$63,753
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,757,998$710,856-$2,468,854
Other Employee Benefits$241,481$113,849-$355,330
Depreciation Depletion-$316,591-$316,591
Grants to Domestic Individuals$212,561--$212,561
Payroll Taxes$131,600$62,045-$193,645
Current Officers, Directors, Trustees, and Key Employees$41,435$124,306-$165,741
Occupancy$125,629$5,865-$131,494
All Other Expenses$84,113$20,129$20,449$124,691
Interest-$77,541-$77,541
Other Expenses$69,079$107,301-$69,079
Office Expenses-$61,063-$61,063
Insurance-$49,517-$49,517
Advertising--$43,304$43,304
Information Technology-$20,253-$20,253
Fees for Services Management-$8,665-$8,665
Total Functional Expenses$3,021,437$1,677,981$63,753$4,763,171
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$120,090
Fundraising Direct Expenses$54,881
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$92,100$88,175$40,861$47,314
Golf Scramble$33,915$31,915$14,020$17,895
Total Events$126,015$120,090$54,881$65,209
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Shelley FredericksWife of Board Member Scott FredericksShelley Fredericks Is the Administrative Assistant to the School Headmaster.No$27,971

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$40,000$30,000▼ $10,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
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
No
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

“Each board member is furnished a copy of the completed form 990 and is required to acknowledge receipt and review of the return prior to filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“Each director, principal officer and member of a committee with board delegated power shall sign a statement which affirms that such person a) has received a copy of the conflicts of interest policy, b) has read and understands the policy, c) has agreed to comply with the policy, and d) understands that the corporation is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

Form 990, Part VI, Section B, Line 15A

“The board of directors sets the headmaster's salary after annually reviewing the performance of the headmaster, comparable data, and the overall budget. There are no other key employees other than the headmaster. The headmaster proposes salaries for teachers and staff based on performance, comparable data and the annual budget.”

Form 990, Part VI, Section C, Line 19

“The organization will make its governing documents and bylaws available when requested in writing. Those requesting the documents must disclose who they are and with whom they are associated along with the purpose of the request. The organizations form 990 is also available at www.guidestar.org.”

Filing and Contact Details

Filer

Filer Name
Covenant Classical School
EIN
75-2821065
Phone
8178200884
Address
1701 WIND STAR WAY, FORT WORTH, TX 76108

Signing Officer

Name
James W Pickett Jr
Title
Treasurer
Phone
8178200884
Signed
2018-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James W Pickett Jr
Formed
1999
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
82
Volunteers
200

Preparer

Firm
Rylander Clay & Opitz Llp
Address
3200 RIVERFRONT DRIVE SUITE 200, FORT WORTH, TX 76107
Preparer
Alison Williams
Phone
8173322301
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IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt065888
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt065888
IRS990/MissionDesc0K-12 PRIVATE CLASSICAL SCHOOL MISSION STATEMENT: TO TRAIN OUR STUDENTS TO LIVE AND THINK ACCORDING TO A BIBLICAL, CHRIST-CENTERED WORLDVIEW. WE ACCOMPLISH THIS BY PARTNERING WITH PARENTS TO PROVIDE A RIGOROUS, CLASSICAL EDUCATION THAT INSTILLS A LIFELONG LOVE OF LEARNING.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01868475
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01911336
IRS990/NetAssetsOrFundBalancesBOYAmt07965639
IRS990/NetAssetsOrFundBalancesEOYAmt08529676
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt065209
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt065209
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01468
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt01468
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt021800
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt05865
IRS990/OccupancyGrp/ProgramServicesAmt0125629
IRS990/OccupancyGrp/TotalAmt0131494
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt061063
IRS990/OfficeExpensesGrp/TotalAmt061063
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01320
IRS990/OtherAssetsTotalGrp/EOYAmt0990
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0113849
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0241481
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0355330
IRS990/OtherExpensesGrp/Desc0EDUCATION AND CURRICULU
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2ATHLETICS
IRS990/OtherExpensesGrp/Desc3STAFF AND BOARD DEVELOP
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0107301
IRS990/OtherExpensesGrp/ProgramServicesAmt0236693
IRS990/OtherExpensesGrp/ProgramServicesAmt19859
IRS990/OtherExpensesGrp/ProgramServicesAmt2110989
IRS990/OtherExpensesGrp/ProgramServicesAmt369079
IRS990/OtherExpensesGrp/TotalAmt0236693
IRS990/OtherExpensesGrp/TotalAmt1117160
IRS990/OtherExpensesGrp/TotalAmt2110989
IRS990/OtherExpensesGrp/TotalAmt369079
IRS990/OtherInd0X
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/BusinessCd1611600
IRS990/OtherRevenueMiscGrp/BusinessCd2611600
IRS990/OtherRevenueMiscGrp/Desc0ATHLETIC FEES AND TICK
IRS990/OtherRevenueMiscGrp/Desc1FIELD TRIPS
IRS990/OtherRevenueMiscGrp/Desc2LUNCH FOR KIDS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt067735
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt146193
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt233806
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt067735
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt146193
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt233806
IRS990/OtherRevenueTotalAmt0213622
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0710856
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01757998
IRS990/OtherSalariesAndWagesGrp/TotalAmt02468854
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt062045
IRS990/PayrollTaxesGrp/ProgramServicesAmt0131600
IRS990/PayrollTaxesGrp/TotalAmt0193645
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0580763
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0699013
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt057485
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt078697
IRS990/PrincipalOfficerNm0JAMES W PICKETT JR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0FEE AND TUITION INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04051974
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04051974
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0800861
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0197955
IRS990/PYInvestmentIncomeAmt01345
IRS990/PYOtherExpensesAmt01310582
IRS990/PYOtherRevenueAmt0276480
IRS990/PYProgramServiceRevenueAmt03645367
IRS990/PYRevenuesLessExpensesAmt0400599
IRS990/PYSalariesCompEmpBnftPaidAmt02814917
IRS990/PYTotalExpensesAmt04323454
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04724053
IRS990/QuidProQuoContributionsInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt040000
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt030000
IRS990/ReconcilationRevenueExpnssAmt0564037
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt01468
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04265596
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02693899
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03541062
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/BookValueAmt06838184
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01137556
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07975740
IRS990ScheduleD/EquipmentGrp/BookValueAmt039223
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0127433
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0166656
IRS990ScheduleD/LandGrp/BookValueAmt01172694
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01172694
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0417333
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0512229
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0929562
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08467434
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/ExplanationTxt0THE SCHOOL HAS PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS AND HAS MADE THAT POLICY KNOWN TO THE GENERAL PUBLIC THROUGH ITS ONLINE ADMISSIONS SEGMENT OF THE SCHOOLS WEBSITE WWW.COVENANTFW.ORG. THE SCHOOL DOES NOT UTILIZE BROADCAST OR PRINT MEDIA FOR ADMISSIONS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt05925
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt03925
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt02000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt054881
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF SCRAMBLE
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt092100
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt033915
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0126015
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt088175
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt031915
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0120090
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt065209
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt054881
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt040861
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt014020
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL AID-TUITION
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt0212561
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0TUITION AND OTHER REQUIRED COSTS.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt060
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0TUITION RATES
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL FINANCIAL AID IS AWARDED TO FAMILIES ON THE BASIS OF FINANCIAL NEED. FAMILIES MAY APPLY FOR TUITION ASSISTANCE THROUGH FINANCIAL AID FOR STUDENT TUITION (FAST) OR FOR SCHOLARSHIPS THROUGH COVENANT CLASSICAL SCHOOL'S SCHOLARSHIP FUND. PARENTS COMPLETE, ANNUALLY, AN APPLICATION AND SUBMIT IT ALONG WITH REQUIRED FINANCIAL DOCUMENTS TO FAST WHICH COMPUTES A PROJECTED PARENT CONTRIBUTION. THE DIRECTOR OF ADMISSIONS REVIEWS THE COMPUTATIONS PERFORMED BY FAST AS WELL AS THE SCHOOL'S BUDGET FOR TUITION ASSISTANCE AND RECOMMENDS AN AWARD TO THE BOARD OF DIRECTORS. SCHOLARSHIP REQUESTS ARE MADE BY FAMILIES DIRECTLY TO THE DIRECTOR OF ADMISSIONS. PARENTS SUPPLY RELEVANT FINANCIAL INFORMATION TO DEMONSTRATE A TEMPORARY FINANCIAL NEED. THE INFORMATION IS FORWARDED TO THE SCHOLARSHIP COMMITTEE WHICH REVIEWS THE FAMILY'S FINANCIAL INFORMATION AND AVAILABLE SCHOLARSHIP FUNDS AND RECOMMENDS A SCHOLARSHIP AWARD TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS IS AT LIBERTY TO MODIFY THE RECOMMENDATION FOR FAST AND SCHOLARSHIPS. THE BOARD OF DIRECTORS APPROVES FAST AND SCHOLARSHIP AWARDS. ALL FAST GRANTS AND SCHOLARSHIP AWARDS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS AND NO FINANCIAL AID DOLLARS DESIGNATED FOR TUITION, BOOKS, OR FEES ARE EVER HANDED TO THE RECIPIENTS OF THE GRANT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE I, PART I, LINE 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$14,416,272
Liabilities
$5,886,596
Net assets
$8,529,676
Revenue
$5,327,208
Expenses
$4,763,171
Net income
$564,037
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$26.1$5.37$20.7$10.8$8.79$1.96
2023Detailed filing. Detailed filing data is available for this year.$27.0$8.26$18.8$8.82$8.13$0.69
2022Detailed filing. Detailed filing data is available for this year.$27.7$9.59$18.1$9.65$7.20$2.45
2021Detailed filing. Detailed filing data is available for this year.$21.4$5.77$15.6$9.45$6.31$3.15
2020Detailed filing. Detailed filing data is available for this year.$19.6$7.25$12.3$6.56$6.10$0.46
2019Detailed filing. Detailed filing data is available for this year.$18.4$6.52$11.9$8.69$5.46$3.23
2018Detailed filing. Detailed filing data is available for this year.$14.6$6.00$8.59$5.24$5.17$0.06
2017Detailed filing. Detailed filing data is available for this year.$14.4$5.89$8.53$5.33$4.76$0.56
2016Detailed filing. Detailed filing data is available for this year.$13.5$5.49$7.97$4.72$4.32$0.40
2015Detailed filing. Detailed filing data is available for this year.$13.2$5.64$7.57$3.89$3.77$0.13
2014Detailed filing. Detailed filing data is available for this year.$12.2$4.72$7.44$3.46$3.18$0.28
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.62$2.47$7.16$2.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.62$2.24$6.38$2.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.49$2.86$4.64$2.21