Civic Intelligence

Covenant Classical Academy

990EZ • Fiscal year 2023 • EIN 82-2350694

Jan 01, 2023 to Dec 31, 2023 • Filed on May 09, 2024

Organization Profile
105 Margaret DrElizabeth City, NC 27909

(252) 340-3638

Siviq Scores

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

Liabilities / Assets

76th percentile

0.64x

Higher debt load relative to assets than 76% of similar nonprofits.

2023 filings • NTEE B20 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

77th percentile

0.14x

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

2023 filings • NTEE B20 • <$500k nonprofits • Source year 2023

Net Margin

43rd percentile

5.1%

Higher net margin than 43% of similar nonprofits.

2023 filings • NTEE B20 • <$500k nonprofits • Source year 2023

Top Officer Pay

67th percentile

$0

Higher top officer pay than 67% of similar nonprofits.

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

2023 filings • NTEE B20 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Balance Sheet
Liabilities / Assets76th percentile

Assets

$40,285

No earlier filing loaded for comparison.

Net Assets

$14,323

No earlier filing loaded for comparison.

Liabilities

$25,962

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin43rd percentile

Revenue

$184,641

No earlier filing loaded for comparison.

Expenses

$175,267

No earlier filing loaded for comparison.

Net Income

$9,374

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$60K$40K$20K$0-$20KAssets 2023: $40,285Liabilities 2023: $25,962Net Assets 2023: $14,3232023Assets 2024: $19,086Liabilities 2024: $25,962Net Assets 2024: -$6,8762024

Highlighted filing

2023

Assets$40,285
Liabilities$25,962
Net Assets$14,323
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300K$200K$100K$0-$100KRevenue 2023: $184,641Expenses 2023: $175,267Net Income 2023: $9,3742023Revenue 2024: $260,063Expenses 2024: $297,919Net Income 2024: -$37,8562024

Highlighted filing

2023

Revenue$184,641
Expenses$175,267
Net Income$9,374
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 9, 2024
Return Version
2023v5.0
Gross Receipts
$184,641
Mission and Program Overview

Mission

Equip children to become wise & virtuous young men & women who excel academically, think biblically, & love the truth, goodness, & beauty that corresponds to God & His world, by using a rigorous, time-tested classical method, the trivium, that mirrors their natural development.

Education grounded in biblical truth

Program Services

DescriptionGrantsExpenses
Each year achieving the goal of providing children with a rigorous classical education grounded in biblical truth so they may grow in wisdom and virtue as liflong learners who serv--
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carol TerryberryBoard ChairPT$0--
Christi PanekVice Chair And Dean Of FacultyPT$0--
Filing and Contact Details

Filer

Filer Name
Covenant Classical Academy
EIN
82-2350694
Address
105 Margaret Dr, Elizabeth City, NC 27909

Signing Officer

Name
Carol Terryberry
Title
Board Chair
Phone
2523403638
Signed
2024-05-09
Discuss with paid preparer
Yes

Preparer

Firm
The Tax Lady LLC
Address
P O BOX 1869, Elizabeth City, NC 27906
Preparer
Geraldine Zaler
Phone
2522025315
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

“Description AmountUNC System Scholarship 97,056”

Description of other expenses Part I line 16

“Description AmountCurriculum 26,634Supplies 10,056Association Fees 1,305Storage 400Teacher Lunches 805Fact Processing 1,000Uniforms and Related 11,813Field Trip 1,310Google Ads plus 665”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearLoan 0 25,962”

Raw XML Appendix136 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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IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd027909
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IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt053988
IRS990EZ/OtherRevenueTotalAmt097056
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
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IRS990EZ/PrimaryExemptPurposeTxt0Education grounded in biblical truth
IRS990EZ/ProgramServiceRevenueAmt084585
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SalariesOtherCompEmplBnftAmt092857
IRS990EZ/SchoolOperatingInd0true
IRS990EZ/SpecialEventsNetIncomeLossAmt03000
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NC
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt025962
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0175267
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt0184641
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountUNC System Scholarship 97,056
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountCurriculum 26,634Supplies 10,056Association Fees 1,305Storage 400Teacher Lunches 805Fact Processing 1,000Uniforms and Related 11,813Field Trip 1,310Google Ads plus 665
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Category Beginning of Year End of YearLoan 0 25,962
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of total liabilities Part II line 26
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Carol Terryberry
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum02523403638
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Covenant Classical Academy
ReturnHeader/Filer/BusinessNameControlTxt0COVE
ReturnHeader/Filer/EIN0822350694
ReturnHeader/Filer/USAddress/AddressLine1Txt0105 Margaret Dr
ReturnHeader/Filer/USAddress/CityNm0Elizabeth City
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027909
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464088575
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THE TAX LADY LLC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027906
ReturnHeader/PreparerPersonGrp/PhoneNum02522025315
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Geraldine Zaler
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-05-15T15:43:10-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Carol
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Terryberry
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$40,285
Liabilities
$25,962
Net assets
$14,323
Revenue
$184,641
Expenses
$175,267
Net income
$9,374
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.19$0.26$0.07$2.60$2.98$0.38
2023Detailed filing. Detailed filing data is available for this year.$0.40$0.26$0.14$1.85$1.75$0.09