Civic Intelligence

New Covenant Academy

990 • Fiscal year 2016 • EIN 95-4834735

Jul 01, 2015 to Jun 30, 2016 • Filed on Dec 09, 2016

3119 WEST 6th STREETLos Angeles, CA 90020

(213) 250-1600

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

6th percentile

0.00x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

62nd percentile

6.2%

Higher net margin than 62% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

50th percentile

$119,239

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

56th percentile

3.0%

Faster asset growth than 56% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

8th percentile

-38%

Faster revenue growth than 8% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$5,944,231

Up $173,605 (+3.0%) from 2015

Net Assets

Up

$5,944,231

Up $173,605 (+3.0%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Down

$2,822,849

Down $1,700,535 (-38%) from 2015

Expenses

Up

$2,649,244

Up $805,402 (+44%) from 2015

Net Income

Down

$173,605

Down $2,505,937 (-94%) from 2015

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

2016

Assets$5,944,231
Liabilities$0
Net Assets$5,944,231

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

2016

Revenue$2,822,849
Expenses$2,649,244
Net Income$173,605
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 9, 2016
Return Version
2015v2.1
Gross Receipts
$2,822,849
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 through 12th grades. The organization requires that its students participate in chapel and workship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$772,049$1,078,274▲ $306,225
Savings and Temporary Cash Investments$474,196$344,415▼ $129,781
Cash and Non-Interest-Bearing Accounts$216,855$147,606▼ $69,249
Land, Buildings, and Equipment, Net$44,562$58,272▲ $13,710
Prepaid Expenses and Deferred Charges$40,000$40,000→ $0
Total Assets$5,770,626$5,944,231▲ $173,605
Other Assets Total$4,222,964$4,275,664▲ $52,700
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$5,770,626$5,944,231▲ $173,605
Total Net Assets Fund Balance$5,770,626$5,944,231▲ $173,605
Total Liabilities and Net Assets / Fund Balance$5,770,626$5,944,231▲ $173,605

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$56,607$223,863$280,470
Leasehold Improvements$1,665$71,039$72,704
Other Assets Org$4,275,664--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jason SongChief Executive OfficerFT$81,250$37,989$119,239
Kara SongSecretary/CFOFT$71,400$12,643$84,043

Board Members and Trustees

NameTitle
Dean KimDirector
Dr Christopher QuinnDirector
Rev Ted KimDirector/advisor
Revenue and Support

Revenue Composition

Contributions and Grants
$249,091
Program Service Revenue
$2,571,989
Investment Income
$1,769
Other Revenue
$0
All Other Contributions
$249,091
Change in Net Assets
$173,605
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,366,563
Salaries, Compensation, and Employee Benefits$1,282,681
Total Fundraising Expense$32,685
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$803,596$142,767-$946,363
Occupancy$461,960$81,522-$543,482
Office Expenses$257,775$38,735$12,758$309,268
Other Employee Benefits$216,808$25,507$12,753$255,068
Current Officers, Directors, Trustees, and Key Employees$69,875$8,125$3,250$81,250
Advertising$46,528$5,606$3,924$56,058
Information Technology$39,876$7,037-$46,913
Insurance$34,759$6,134-$40,893
Depreciation Depletion$13,085$2,309-$15,394
Interest$9,133$1,612-$10,745
All Other Expenses$7,835$1,382-$9,217
Fees for Services Legal$5,460$3,640-$9,100
Other Expenses$7,469$1,318-$8,787
Fees for Services Accounting-$5,624-$5,624
Fees for Services Other$2,825--$2,825
Total Functional Expenses$2,239,003$377,556$32,685$2,649,244
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
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 A, Line 2

Dr. Jason song, ceo and kara song, secretary, are husband and wife. Will delete once you confirm

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

Form 990 together with the corresponding schedules are presented to the board for approval and filing. This 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 with 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

Filer Name
New Covenant Academy
EIN
95-4834735
Phone
2132501600
Address
3119 WEST 6th STREET, LOS ANGELES, CA 90020

Signing Officer

Name
Jason Song
Title
CEO
Signed
2016-12-09
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
35

Preparer

Firm
Zuehls Legaspi & Co
Address
350 S Figueroa St Suite 437, Los Angeles, CA 90071
Preparer
Susan Legaspi
Phone
2139724033
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleD/EquipmentGrp/BookValueAmt056607
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0223863
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0280470
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01665
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt071039
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt072704
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04275664
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Investment 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
IRS990ScheduleD/TotalBookValueLandBuildingsAmt058272
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04275664
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
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/ExplanationTxt0DR. JASON SONG, CEO AND KARA SONG, SECRETARY, ARE HUSBAND AND WIFE. WILL DELETE ONCE YOU CONFIRM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 TOGETHER WITH THE CORRESPONDING SCHEDULES ARE PRESENTED TO THE BOARD FOR APPROVAL AND FILING. THIS IS DOCUMENTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT IS COMPRISED OF 2 INDIVIDUALS WHO ARE HUSBAND AND WIFE. THEY ARE COGNIZANT WITH 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/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
IRS990ScheduleR/AssetExchangeInd0false
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
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05770626
IRS990/TotalAssetsEOYAmt05944231
IRS990/TotalAssetsGrp/BOYAmt05770626
IRS990/TotalAssetsGrp/EOYAmt05944231
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0249091
IRS990/TotalEmployeeCnt035
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt032685
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0377556
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02239003
IRS990/TotalFunctionalExpensesGrp/TotalAmt02649244
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05770626
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05944231
IRS990/TotalOtherCompensationAmt050632
IRS990/TotalProgramServiceExpensesAmt02239003
IRS990/TotalProgramServiceRevenueAmt02571989
IRS990/TotalReportableCompFromOrgAmt0152650
IRS990/TotalRevenueGrp/ExclusionAmt01769
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02571989
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02822849
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05770626
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05944231
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt05770626
IRS990/UnrestrictedNetAssetsGrp/EOYAmt05944231
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0404 S SHATTO PLACE SUITE 521
IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090020
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0www.e-nca.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JASON SONG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-12-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW COVENANT ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0NEWC
ReturnHeader/Filer/EIN0954834735

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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