Civic Intelligence

The Covenant Endowment Fund

990 • Fiscal year 2015 • EIN 86-1126662

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 09, 2015

175 Hickory StreetCharlottesville, VA 22902

(434) 220-7301

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

87th percentile

35%

Higher net margin than 87% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

35th percentile

-5.1%

Faster asset growth than 35% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

71st percentile

18%

Faster revenue growth than 71% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$475,910

Down $25,570 (-5.1%) from 2014

Net Assets

Down

$475,910

Down $25,570 (-5.1%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Up

$38,321

Up $5,819 (+18%) from 2014

Expenses

Up

$24,947

Up $242 (+1.0%) from 2014

Net Income

Up

$13,374

Up $5,577 (+72%) from 2014

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $453,828Liabilities 2011: $0Net Assets 2011: $453,8282011Assets 2012: $417,876Liabilities 2012: $0Net Assets 2012: $452,0342012Assets 2013: $439,230Liabilities 2013: $0Net Assets 2013: $439,2302013Assets 2014: $501,480Liabilities 2014: $0Net Assets 2014: $501,4802014Assets 2015: $475,910Liabilities 2015: $0Net Assets 2015: $475,9102015Assets 2016: $462,340Liabilities 2016: $0Net Assets 2016: $462,3402016Assets 2017: $490,068Liabilities 2017: $0Net Assets 2017: $490,0682017Assets 2018: $530,883Liabilities 2018: $0Net Assets 2018: $530,8832018Assets 2019: $528,280Liabilities 2019: $0Net Assets 2019: $528,2802019Assets 2020: $477,225Liabilities 2020: $0Net Assets 2020: $477,2252020Assets 2021: $599,554Liabilities 2021: $0Net Assets 2021: $599,5542021Assets 2022: $515,381Liabilities 2022: $0Net Assets 2022: $515,3812022Assets 2023: $556,783Liabilities 2023: $0Net Assets 2023: $556,7832023Assets 2024: $613,468Liabilities 2024: $0Net Assets 2024: $613,4682024Assets 2025: $682,253Liabilities 2025: $0Net Assets 2025: $682,2532025

Highlighted filing

2015

Assets$475,910
Liabilities$0
Net Assets$475,910

Operations Trend

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

$100K$50K$0-$50KRevenue 2011: $22,644Expenses 2011: $22,977Net Income 2011: -$3332011Revenue 2012: $19,281Expenses 2012: $21,075Net Income 2012: -$1,7942012Revenue 2013: $27,677Expenses 2013: $22,848Net Income 2013: $4,8292013Revenue 2014: $32,502Expenses 2014: $24,705Net Income 2014: $7,7972014Revenue 2015: $38,321Expenses 2015: $24,947Net Income 2015: $13,3742015Revenue 2016: $17,726Expenses 2016: $22,899Net Income 2016: -$5,1732016Revenue 2017: $24,496Expenses 2017: $24,335Net Income 2017: $1612017Revenue 2018: $51,206Expenses 2018: $27,960Net Income 2018: $23,2462018Revenue 2019: $31,215Expenses 2019: $24,615Net Income 2019: $6,6002019Revenue 2020: $17,645Expenses 2020: $28,349Net Income 2020: -$10,7042020Revenue 2021: $71,575Expenses 2021: $28,351Net Income 2021: $43,2242021Revenue 2022: $46,734Expenses 2022: $31,955Net Income 2022: $14,7792022Revenue 2023: $29,445Expenses 2023: $27,315Net Income 2023: $2,1302023Revenue 2024: $51,385Expenses 2024: $30,458Net Income 2024: $20,9272024Revenue 2025: $74,365Expenses 2025: $33,175Net Income 2025: $41,1902025

Highlighted filing

2015

Revenue$38,321
Expenses$24,947
Net Income$13,374
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 9, 2015
Return Version
2014v5.0
Gross Receipts
$86,984
Mission and Program Overview

Mission

To receive contributions to be held and invested by the covenant endowment fund to be used for programs at the covenant school, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$497,803$470,383▼ $27,420
Cash and Non-Interest-Bearing Accounts$3,677$5,527▲ $1,850
Total Assets$501,480$475,910▼ $25,570
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$467,160$474,284▲ $7,124
Temporarily Rstr Net Assets$34,320$1,626▼ $32,694
Total Net Assets Fund Balance$501,480$475,910▼ $25,570
Total Liabilities and Net Assets / Fund Balance$501,480$475,910▼ $25,570

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$501,480$7,124▼ $7,747-$475,910
2013$439,230$6,920▲ $80,035-$501,480
2012$417,876$3,160▲ $41,042-$439,230
2011$453,828$4,025▼ $18,902-$417,876
2010$370,717$3,570▲ $102,518-$453,828
Compensation and Service Providers

Board Members and Trustees

NameTitle
Thomas NolanChairman
Bob ArmsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$7,124
Program Service Revenue
$0
Investment Income
$31,197
Other Revenue
$0
All Other Contributions
$7,124
Change in Net Assets
$13,374

Audited Revenue Reconciliation

Revenue per Audited Statements
$38,321
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-38,944
Total Revenue per Audited Statements
$-623
Total Revenue per Form 990
$38,321
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$24,698
Other Expenses$249
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$24,698--$24,698
Fees for Service Investment Mgmnt Fees-$249-$249
Total Functional Expenses$24,698$249$0$24,947

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$24,947
Total Expenses per Audited Statements$24,947
Total Expenses per Form 990$24,947
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Covenant School IncCharlottesville, VA501(c)(3)To Provide Financial Aid to Students Attending the Covenant School.$24,698
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The form 990 is reviewed by the management of the covenant school with external auditors. The form 990 is then provided to each board member of the covenant endowment fund for approval. Afterwards, the file 990 is filed and made available for public inspection.

Form 990, Part VI, Section C, Line 18

The organization's form 990 can be distributed to the public upon request. However, all requests are subject to the approval of the board of directors and the organization's consideration of the intended use of the documents.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and audited financial statements can be distributed to the public upon request. However, all requests are subject to the approval of the board of directors and the organization's consideration of the intended use of the documents.

Filing and Contact Details

Filer

Filer Name
The Covenant Endowment Fund
EIN
86-1126662
Phone
4342207301
Address
175 HICKORY STREET, CHARLOTTESVILLE, VA 22902

Signing Officer

Name
Thomas Nolan
Title
Chairman
Phone
4342207301
Signed
2015-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Nolan
Formed
2005
Legal Domicile
Va
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
HANTZMON WIEBEL LLP CPA'S
Address
818 E JEFFERSON ST PO BOX 1408, CHARLOTTESVILLE, VA 22902
Preparer
Travis W Simpson
Phone
4342962156
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization has reviewed and evaluated the relevant technical merits of each of its tax positions in accordance with guidance established by the financial accounting standards board and determined that there are no uncertain tax positions that would have a material impact on the consolidated financial statements of the school. The federal information returns of the school are generally no longer subject to examination by the internal revenue service for years prior to 2012.

Raw XML Appendix375 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH GUIDANCE ESTABLISHED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS OF THE SCHOOL. THE FEDERAL INFORMATION RETURNS OF THE SCHOOL ARE GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS PRIOR TO 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHARLOTTESVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd022902
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL DISTRIBUTIONS ARE MADE TO THE COVENANT SCHOOL IN ACCORDANCE WITH THE COVENANT ENDOWMENT FUND'S ARTICLES OF INCORPORATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE MANAGEMENT OF THE COVENANT SCHOOL WITH EXTERNAL AUDITORS. THE FORM 990 IS THEN PROVIDED TO EACH BOARD MEMBER OF THE COVENANT ENDOWMENT FUND FOR APPROVAL. AFTERWARDS, THE FILE 990 IS FILED AND MADE AVAILABLE FOR PUBLIC INSPECTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S FORM 990 CAN BE DISTRIBUTED TO THE PUBLIC UPON REQUEST. HOWEVER, ALL REQUESTS ARE SUBJECT TO THE APPROVAL OF THE BOARD OF DIRECTORS AND THE ORGANIZATION'S CONSIDERATION OF THE INTENDED USE OF THE DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS CAN BE DISTRIBUTED TO THE PUBLIC UPON REQUEST. HOWEVER, ALL REQUESTS ARE SUBJECT TO THE APPROVAL OF THE BOARD OF DIRECTORS AND THE ORGANIZATION'S CONSIDERATION OF THE INTENDED USE OF THE DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0OPERATION OF PRIVATE CHRISTIAN SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170(B)(1)(A)(II)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0175 HICKORY STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHARLOTTESVILLE
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IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NO TRANSACTIONS IN EXCESS OF 50000
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
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IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt0475910
IRS990/TotalAssetsGrp/BOYAmt0501480
IRS990/TotalAssetsGrp/EOYAmt0475910
IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt024698
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0475910
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt024698
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt031197
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt038321
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0501480
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0475910
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0CHARLOTTESVILLE
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd022902
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS NOLAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum04342207301
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE COVENANT ENDOWMENT FUND
ReturnHeader/Filer/BusinessNameControlTxt0COVE
ReturnHeader/Filer/EIN0861126662
ReturnHeader/Filer/PhoneNum04342207301
ReturnHeader/Filer/USAddress/AddressLine1Txt0175 HICKORY STREET
ReturnHeader/Filer/USAddress/CityNm0CHARLOTTESVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd022902
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0540618213
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HANTZMON WIEBEL LLP CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0818 E JEFFERSON ST PO BOX 1408
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLOTTESVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd022902
ReturnHeader/PreparerPersonGrp/PhoneNum04342962156
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TRAVIS W SIMPSON
ReturnHeader/ReturnTs02015-11-12T13:41:08-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.82$0.00$6.82$0.74$0.33$0.41
2024Detailed filing. Detailed filing data is available for this year.$6.13$0.00$6.13$0.51$0.30$0.21
2023Detailed filing. Detailed filing data is available for this year.$5.57$0.00$5.57$0.29$0.27$0.02
2022Detailed filing. Detailed filing data is available for this year.$5.15$0.00$5.15$0.47$0.32$0.15
2021Detailed filing. Detailed filing data is available for this year.$6.00$0.00$6.00$0.72$0.28$0.43
2020Detailed filing. Detailed filing data is available for this year.$4.77$0.00$4.77$0.18$0.28$0.11
2019Detailed filing. Detailed filing data is available for this year.$5.28$0.00$5.28$0.31$0.25$0.07
2018Detailed filing. Detailed filing data is available for this year.$5.31$0.00$5.31$0.51$0.28$0.23
2017Detailed filing. Detailed filing data is available for this year.$4.90$0.00$4.90$0.24$0.24$0.00
2016Detailed filing. Detailed filing data is available for this year.$4.62$0.00$4.62$0.18$0.23$0.05
2015Detailed filing. Detailed filing data is available for this year.$4.76$0.00$4.76$0.38$0.25$0.13
2014Detailed filing. Detailed filing data is available for this year.$5.01$0.00$5.01$0.33$0.25$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.39$0.00$4.39$0.28$0.23$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.18$0.00$4.52$0.19$0.21$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.54$0.00$4.54$0.23$0.23$0.00