Civic Intelligence

New Covenant Academy

990 • Fiscal year 2014 • EIN 95-4834735

Jul 01, 2013 to Jun 30, 2014 • Filed on May 08, 2015

3119 WEST 6th STREET90020

(213) 250-1600

Siviq Scores

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

Liabilities / Assets

68th percentile

0.30x

Higher debt load relative to assets than 68% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

77th percentile

0.50x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

87th percentile

37%

Higher net margin than 87% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

68th percentile

$95,163

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

97th percentile

159%

Faster asset growth than 97% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Assets

Up

$4,432,662

Up $2,722,326 (+159%) from 2013

Net Assets

Up

$3,091,084

Up $1,720,718 (+126%) from 2013

Liabilities

Up

$1,341,578

Up $1,001,608 (+295%) from 2013

Revenue

$2,669,491

No earlier filing loaded for comparison.

Expenses

Down

$1,691,759

Down $120,330 (-6.6%) from 2013

Net Income

$977,732

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2011: $640,105Liabilities 2011: $55,749Net Assets 2011: $584,3562011Assets 2012: $854,693Liabilities 2012: $17,622Net Assets 2012: $837,0712012Assets 2013: $1,710,336Liabilities 2013: $339,970Net Assets 2013: $1,370,3662013Assets 2014: $4,432,662Liabilities 2014: $1,341,578Net Assets 2014: $3,091,0842014Assets 2015: $5,770,626Liabilities 2015: $0Net Assets 2015: $5,770,6262015Assets 2016: $5,944,231Liabilities 2016: $0Net Assets 2016: $5,944,2312016Assets 2017: $6,063,163Liabilities 2017: -$15,133Net Assets 2017: $6,078,2962017Assets 2018: $6,243,517Liabilities 2018: $0Net Assets 2018: $6,243,5172018Assets 2019: $6,302,236Liabilities 2019: $0Net Assets 2019: $6,302,2362019Assets 2021: $4,729,207Liabilities 2021: $0Net Assets 2021: $4,729,2072021Assets 2022: $4,898,330Liabilities 2022: $0Net Assets 2022: $4,898,3302022Assets 2023: $4,821,934Liabilities 2023: $24,635Net Assets 2023: $4,797,2992023Assets 2024: $8,205,649Liabilities 2024: $0Net Assets 2024: $8,205,6492024

Highlighted filing

2014

Assets$4,432,662
Liabilities$1,341,578
Net Assets$3,091,084

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2011: $1,616,8222011Expenses 2012: $1,659,8102012Expenses 2013: $1,812,0892013Revenue 2014: $2,669,491Expenses 2014: $1,691,759Net Income 2014: $977,7322014Revenue 2015: $4,523,384Expenses 2015: $1,843,842Net Income 2015: $2,679,5422015Revenue 2016: $2,822,849Expenses 2016: $2,649,244Net Income 2016: $173,6052016Revenue 2017: $2,870,353Expenses 2017: $2,667,726Net Income 2017: $202,6272017Revenue 2018: $3,030,890Expenses 2018: $2,839,127Net Income 2018: $191,7632018Revenue 2019: $3,050,787Expenses 2019: $2,992,068Net Income 2019: $58,7192019Revenue 2021: $3,057,829Expenses 2021: $2,735,672Net Income 2021: $322,1572021Revenue 2022: $2,937,393Expenses 2022: $2,768,270Net Income 2022: $169,1232022Revenue 2023: $2,951,316Expenses 2023: $2,883,224Net Income 2023: $68,0922023Revenue 2024: $3,328,079Expenses 2024: $3,207,771Net Income 2024: $120,3082024

Highlighted filing

2014

Revenue$2,669,491
Expenses$1,691,759
Net Income$977,732
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 8, 2015
Return Version
2013v4.0
Gross Receipts
$2,669,591
Mission and Program Overview

Mission

New Covenant Academy NCA is a Christian college preparatory school. NCAs mission is to educate, enable, and equip the Christian Leaders of Tomorrow. NCA is committed to offering theologically sound, balanced, and practical Christian education to its students grades 1 thru 12.

New covenant academy is a christian school committed to providing christian education to children from the 1st thru 12th grades. The organization requires that its students participate in chapel and worship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$774,077-
Savings and Temporary Cash Investments$1,270,005$590,606▼ $679,399
Cash and Non-Interest-Bearing Accounts$88,182$155,771▲ $67,589
Prepaid Expenses and Deferred Charges$229,000$83,000▼ $146,000
Land, Buildings, and Equipment, Net$22,770$42,208▲ $19,438
Other Notes and Loans Receivable, Net$379--
Total Assets$1,710,336$4,432,662▲ $2,722,326
Other Assets Total$100,000$2,787,000▲ $2,687,000
Liabilities
Mortgage Notes Payable Secured by Investment Property-$1,313,482-
Deferred Revenue$290,000--
Other Liabilities$49,970--
Accounts Payable and Accrued Expenses-$28,096-
Total Liabilities$339,970$1,341,578▲ $1,001,608
Net Assets / Fund Balance
Unrestricted Net Assets$1,370,366$3,091,084▲ $1,720,718
Total Net Assets Fund Balance$1,370,366$3,091,084▲ $1,720,718
Total Liabilities and Net Assets / Fund Balance$1,710,336$4,432,662▲ $2,722,326

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$30,429$205,207$235,636
Leasehold Improvements$11,779$60,925$72,704
Other Assets Org$2,787,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jason SongChief Executive OfficerFT$78,000$17,163$95,163
Kara SongSecretary/CFOFT$65,000$16,575$81,575

Board Members and Trustees

NameTitle
Bill Greig IiiDirector/advisor
Rev Ted KangDirector/advisor
Revenue and Support

Revenue Composition

Contributions and Grants
$172,037
Program Service Revenue
$2,373,149
Investment Income
$13,979
Other Revenue
$110,326
All Other Contributions
$172,037
Change in Net Assets
$977,732
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$878,208
Salaries, Compensation, and Employee Benefits$813,551
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$496,110$96,963-$593,073
Occupancy$200,289$35,345-$235,634
Current Officers, Directors, Trustees, and Key Employees$126,875$15,725-$142,600
Office Expenses$119,954$21,168-$141,122
Other Employee Benefits$68,533$9,345-$77,878
Insurance$31,645$5,585-$37,230
Advertising$25,444$4,490-$29,934
Other Expenses$18,851$3,327-$22,178
Conferences and Meetings$15,750$2,779-$18,529
Interest$11,987$2,115-$14,102
All Other Expenses$11,871$2,095-$13,966
Depreciation Depletion$10,132$1,788-$11,920
Fees for Services Accounting$7,912$1,396-$9,308
Total Functional Expenses$1,437,996$253,763$0$1,691,759
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Payroll Taxes Payable-
Line of Credit-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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 A, Line 2

Jason song, chief executive officer and kara song, secretary, are husband and wife.

Form 990, Part VI, Section B, Line 11B

Form 990 together with the corresponding schedules are presented to the board for approval and filing and is documented in the board minutes.

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

Management is comprised of 2 individuals who are husband and wife. They are cognizant of complying with the organizations conflict of interest policy and ensure that such policy is periodically updated and followed.

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

The process of determining compensation is based on the prevailing industry rate and commensurate with work experience.

Form 990, Part VI, Section C, Line 19

The organization makes its exemption application, information returns, governing documents, conflict of interest policy and financial statements available upon request.

Filing and Contact Details

Filer

EIN
95-4834735
Phone
2132501600

Signing Officer

Name
Jason Song
Title
CEO
Signed
2015-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Song
Formed
1999
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
2
Employees
27

Preparer

Preparer
Susan Legaspi
Phone
2139724033
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

There was an adjustment of 742,986 due to corporate restructuring.

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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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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0205207
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02787000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Security Deposit
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Investment in LLC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2LINE OF CREDIT
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt02787000
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JASON SONG, CHIEF EXECUTIVE OFFICER AND KARA SONG, SECRETARY, ARE HUSBAND AND WIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 TOGETHER WITH THE CORRESPONDING SCHEDULES ARE PRESENTED TO THE BOARD FOR APPROVAL AND FILING AND IS DOCUMENTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT IS COMPRISED OF 2 INDIVIDUALS WHO ARE HUSBAND AND WIFE. THEY ARE COGNIZANT OF COMPLYING WITH THE ORGANIZATIONS CONFLICT OF INTEREST POLICY AND ENSURE THAT SUCH POLICY IS PERIODICALLY UPDATED AND FOLLOWED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS OF DETERMINING COMPENSATION IS BASED ON THE PREVAILING INDUSTRY RATE AND COMMENSURATE WITH WORK EXPERIENCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS EXEMPTION APPLICATION, INFORMATION RETURNS, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5There was an adjustment of 742,986 due to corporate restructuring.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 9
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0true
IRS990ScheduleR/SharingOfFacilitiesInd0false
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IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cash basis
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine106th & Shatto LLC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0k
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IRS990/SchoolOperatingInd0true
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01437996
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt01341578
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01370366
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03091084
IRS990/TotalOtherCompensationAmt033738
IRS990/TotalProgramServiceExpensesAmt01437996
IRS990/TotalProgramServiceRevenueAmt02373149
IRS990/TotalReportableCompFromOrgAmt0143000
IRS990/TotalRevenueGrp/ExclusionAmt01979
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02483475
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02669491
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01710336
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04432662
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0true
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01370366
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03091084
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10404 S SHATTO PLACE 521
IRS990/USAddress/City0LOS ANGELES
IRS990/USAddress/State0CA
IRS990/USAddress/ZIPCode090020
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0www.e-nca.org

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.21$0.00$8.21$3.33$3.21$0.12
2023Detailed filing. Detailed filing data is available for this year.$4.82$0.02$4.80$2.95$2.88$0.07
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.90$0.00$4.90$2.94$2.77$0.17
2021Detailed filing. Detailed filing data is available for this year.$4.73$0.00$4.73$3.06$2.74$0.32
2019Detailed filing. Detailed filing data is available for this year.$6.30$0.00$6.30$3.05$2.99$0.06
2018Summary only. Only limited summary data is available for this year.$6.24$0.00$6.24$3.03$2.84$0.19
2017Detailed filing. Detailed filing data is available for this year.$6.06$0.02$6.08$2.87$2.67$0.20
2016Detailed filing. Detailed filing data is available for this year.$5.94$0.00$5.94$2.82$2.65$0.17
2015Detailed filing. Detailed filing data is available for this year.$5.77$0.00$5.77$4.52$1.84$2.68
2014Detailed filing. Detailed filing data is available for this year.$4.43$1.34$3.09$2.67$1.69$0.98
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.34$1.37$1.81
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.02$0.84$1.66
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.06$0.58$1.62