COVENANT SCHOOL INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- COVENANT SCHOOL INC (EIN 54-1274746)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2024-11-15
- IRS object ID
- 202413209349313836
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T12:58:52-06:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 540618213 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HANTZMON WIEBEL LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1408 | AddressLine1Txt |
| City | CHARLOTTESVILLE | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22902 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541274746 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE COVENANT SCHOOL INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | COVE | BusinessNameControlTxt |
| Phone | 4342207329 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 175 HICKORY STREET | AddressLine1Txt |
| City | CHARLOTTESVILLE | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22902 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | FRANK BERRY | PersonNm |
| Person Title | CFO & COO | PersonTitleTxt |
| Phone | 4342207329 | PhoneNum |
| Signature | 2024-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TRAVIS W SIMPSON | PreparerPersonNm |
| PTIN | P00481332 | PTIN |
| Phone | 4342962156 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MR FRANK BERRY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 175 HICKORY STREET | AddressLine1Txt |
| City | CHARLOTTESVILLE | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22902 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $18,206,081 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.COVENANTSCHOOL.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1985 | FormationYr |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Activity Or Mission | PROMOTE THE MORAL, INTELLECTUAL, AND PHYSICAL DEVELOPMENT OF YOUNG PEOPLE. (SEE SCHEDULE O) | ActivityOrMissionDesc |
| Voting Members Governing Body | 13 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 243 | TotalEmployeeCnt |
| Total Volunteers | 248 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,318,860 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,129,759 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $14,429,245 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $16,636,282 | CYProgramServiceRevenueAmt |
| PY Investment Income | $3,604 | PYInvestmentIncomeAmt |
| CY Investment Income | $103,631 | CYInvestmentIncomeAmt |
| PY Other Revenue | $145,258 | PYOtherRevenueAmt |
| CY Other Revenue | $112,808 | CYOtherRevenueAmt |
| PY Total Revenue | $15,896,967 | PYTotalRevenueAmt |
| CY Total Revenue | $17,982,480 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $2,888,585 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,679,434 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $9,019,141 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $9,875,010 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $315,123 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,848,987 | PYOtherExpensesAmt |
| CY Other Expenses | $3,253,106 | CYOtherExpensesAmt |
| PY Total Expenses | $14,756,713 | PYTotalExpensesAmt |
| CY Total Expenses | $16,807,550 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,140,254 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,174,930 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $15,683,412 | TotalAssetsBOYAmt |
| Total Assets EOY | $16,586,256 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $7,305,175 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $7,011,794 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $8,378,237 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $9,574,462 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE COVENANT SCHOOL SEEKS TO PROMOTE THE MORAL, INTELLECTUAL, AND PHYSICAL DEVELOPMENT OF YOUNG PEOPLE. WE FOSTER THE VIRTUES OF FAITH, WISDOM, AND LOVE THROUGH THE PURSUIT OF ACADEMIC EXCELLENCE AND THE RECOGNITION OF GOD'S SOVEREIGNTY OVER HIS CREATION.(CONT.-SCHEDULE O) WE NURTURE OUR STUDENTS, CHALLENGING THEM TO FOLLOW THE EXAMPLE OF JESUS CHRIST, TO ACHIEVE THROUGH SELF-DISCIPLINE, TO LEAD BY SERVICE TO OTHERS, AND TO GROW IN KNOWLEDGE AND VIRTUE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $10,777,337 | ExpenseAmt |
| Revenue | $16,682,089 | RevenueAmt |
| Desc | THE COVENANT SCHOOL IS AN INDEPENDENT CHRISTIAN SCHOOL PROVIDING EDUCATIONAL SERVICE TO APPROXIMATELY 735 STUDENTS GRADES PRE-KINDERGARTEN THROUGH 12TH GRADE. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,679,434 | ExpenseAmt |
| Grant | $3,679,434 | GrantAmt |
| Desc | FINANCIAL ASSISTANCE (FINANCIAL AID AND SCHOLARSHIPS) WAS PROVIDED TO 323 STUDENTS DURING THE ACADEMIC YEAR. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $14,456,771 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 35 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 243 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 13 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4342207329 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 175 HICKORY STREET | AddressLine1Txt |
| City | CHARLOTTESVILLE | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22902 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| MR WILLIAM FULKERSON | |||||||
| EX-OFFICIO DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | ||
| MR JEFF BLOXSOM | |||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | ||
| MRS NANCY BRIGGS | |||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | ||
| MR ERIC HEINSOHN | |||||||
| CHAIR | 10.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| MRS SARAH HUTCHINSON | |||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | ||
| MR STEVEN LUCK | |||||||
| VICE CHAIR | 4.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| MR PIERRE POINDEXTER | |||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | ||
| MR JUSTIN SMITH | |||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | ||
| MR JAY TAGGART | |||||||
| TREASURER | 4.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| MRS DANIELLE WILCOX | |||||||
| SECRETARY | 4.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| MR BRIAN CULLATY | |||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | ||
| MRS CLAIRE GRIFFIN | |||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | ||
| MRS LAUREN BYRNE | |||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | ||
| MR BRADLEY R BAGGETT | |||||||
| HEAD OF SCHOOL | 45.00 | $266,202 | $0 | $52,557 | Yes (X) | ||
| MR FRANK BERRY | |||||||
| CFO/COO | 45.00 | $168,400 | $0 | $24,206 | Yes (X) | ||
| MRS WENDY HILL | |||||||
| DIRECTOR OF ACCOUNTING | 45.00 | $116,434 | $0 | $5,779 | Yes (X) | ||
| MR COLIN ANDERSON | |||||||
| DEAN OF FACULTY | 40.00 | $118,490 | $0 | $66,018 | Yes (X) | ||
| MR BRYAN R VERBRUGGE | |||||||
| THEOLOGY DEPARTMENT CHAIR | 40.00 | $111,863 | $0 | $5,578 | Yes (X) | ||
| MR SPENCER BURTON | |||||||
| MIDDLE SCHOOL DIRECTOR | 40.00 | $110,315 | $0 | $39,618 | Yes (X) | ||
| MR JOHN BARR | |||||||
| ADVANCMENT DIRECTOR | 40.00 | $100,942 | $0 | $10,947 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $992,646 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $204,703 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 8 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SOUTHERN AIR INC | |||||
| PO BOX 4205 | LYNCHBURG | VA | 24502 | HVAC INSTALLATION | $409,580 |
| BBX CORPORATION | |||||
| 201 EAST LAS OLAS BOULEVARD SUITE | FORT LAUDERDALE | FL | 33301 | CONSTRUCTION | $235,500 |
| NEVCO SPORTS LLC | |||||
| 301 E HARRIS AVE | GREENVILLE | IL | 62246 | SCOREBOARDS | $140,305 |
| TIMBERSTONE GROUP LLC | |||||
| 151 STARLITE PARK | TROY | VA | 22974 | CONSTRUCTION | $117,000 |
| GILBERT INVESTMENT GROUP LLC | |||||
| 2851 EAST BRIGSTOCK ROAD | MIDLOTHIAN | VA | 23113 | JANITORIAL/CUSTODIAL | $101,815 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $30,063 | RelatedOrganizationsAmt |
| All Other Contributions | $1,099,696 | AllOtherContributionsAmt |
| Noncash Contributions | $55,605 | NoncashContributionsAmt |
| Total Contributions | $1,129,759 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION & FEES | 611600 | $15,803,609 | $15,803,609 |
| AUXILIARY INCOME | 611600 | $832,673 | $832,673 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $16,636,282 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $103,631 | TotalRevenueColumnAmt |
| Exclusion | $103,631 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $49,643 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $49,643 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $49,643 | TotalRevenueColumnAmt |
| Exclusion | $49,643 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $113,821 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $96,463 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $17,358 | TotalRevenueColumnAmt |
| Exclusion | $17,358 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $172,945 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $127,138 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $45,807 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $45,807 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $17,982,480 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $16,682,089 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $170,632 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,679,434 | TotalAmt |
| Program Services | $3,679,434 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $498,907 | TotalAmt |
| Program Services | $255,843 | ProgramServicesAmt |
| Management And General | $193,173 | ManagementAndGeneralAmt |
| Fundraising | $49,891 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,916,830 | TotalAmt |
| Program Services | $6,651,562 | ProgramServicesAmt |
| Management And General | $1,095,194 | ManagementAndGeneralAmt |
| Fundraising | $170,074 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $235,621 | TotalAmt |
| Program Services | $191,018 | ProgramServicesAmt |
| Management And General | $38,100 | ManagementAndGeneralAmt |
| Fundraising | $6,503 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $618,635 | TotalAmt |
| Program Services | $498,867 | ProgramServicesAmt |
| Management And General | $102,322 | ManagementAndGeneralAmt |
| Fundraising | $17,446 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $605,017 | TotalAmt |
| Program Services | $496,581 | ProgramServicesAmt |
| Management And General | $92,622 | ManagementAndGeneralAmt |
| Fundraising | $15,814 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,733 | TotalAmt |
| Management And General | $13,733 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42,416 | TotalAmt |
| Management And General | $42,416 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,450 | TotalAmt |
| Management And General | $2,450 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,337 | TotalAmt |
| Program Services | $27,775 | ProgramServicesAmt |
| Management And General | $1,462 | ManagementAndGeneralAmt |
| Fundraising | $2,100 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $252,256 | TotalAmt |
| Program Services | $120,265 | ProgramServicesAmt |
| Management And General | $117,461 | ManagementAndGeneralAmt |
| Fundraising | $14,530 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $91,199 | TotalAmt |
| Program Services | $40,750 | ProgramServicesAmt |
| Management And General | $36,262 | ManagementAndGeneralAmt |
| Fundraising | $14,187 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $539,651 | TotalAmt |
| Program Services | $529,673 | ProgramServicesAmt |
| Management And General | $9,104 | ManagementAndGeneralAmt |
| Fundraising | $874 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,791 | TotalAmt |
| Program Services | $41,200 | ProgramServicesAmt |
| Fundraising | $591 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $185,194 | TotalAmt |
| Program Services | $181,601 | ProgramServicesAmt |
| Management And General | $3,278 | ManagementAndGeneralAmt |
| Fundraising | $315 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $901,638 | TotalAmt |
| Program Services | $884,087 | ProgramServicesAmt |
| Management And General | $15,983 | ManagementAndGeneralAmt |
| Fundraising | $1,568 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $127,240 | TotalAmt |
| Program Services | $69,982 | ProgramServicesAmt |
| Management And General | $50,896 | ManagementAndGeneralAmt |
| Fundraising | $6,362 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| SPECIAL EVENTS/ACTIVITI | $396,026 | $384,322 | $5,743 | $5,961 |
| ATHLETICS | $118,680 | $118,021 | $659 | |
| SUBCONTRACT LABOR | $82,416 | $37,974 | $43,542 | $900 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $427,079 | TotalAmt |
| Program Services | $247,816 | ProgramServicesAmt |
| Management And General | $171,915 | ManagementAndGeneralAmt |
| Fundraising | $7,348 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,807,550 | TotalAmt |
| Program Services | $14,456,771 | ProgramServicesAmt |
| Management And General | $2,035,656 | ManagementAndGeneralAmt |
| Fundraising | $315,123 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $300 | BOYAmt |
| EOY | $300 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,649,137 | BOYAmt |
| EOY | $2,733,043 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $658,381 | BOYAmt |
| EOY | $342,479 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,140 | BOYAmt |
| EOY | $28,681 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,660 | BOYAmt |
| EOY | $55,197 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $149,844 | BOYAmt |
| EOY | $189,371 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $25,613,379 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $13,197,309 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,082,743 | BOYAmt |
| EOY | $12,416,070 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,070,207 | BOYAmt |
| EOY | $821,115 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,683,412 | BOYAmt |
| EOY | $16,586,256 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $764,744 | BOYAmt |
| EOY | $936,849 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,605,873 | BOYAmt |
| EOY | $1,506,320 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,890,843 | BOYAmt |
| EOY | $4,553,826 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,715 | BOYAmt |
| EOY | $14,799 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,305,175 | BOYAmt |
| EOY | $7,011,794 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,392,649 | BOYAmt |
| EOY | $9,096,633 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $985,588 | BOYAmt |
| EOY | $477,829 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,378,237 | BOYAmt |
| EOY | $9,574,462 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,683,412 | BOYAmt |
| EOY | $16,586,256 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,174,930 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $21,295 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $556,783 | BeginningYearBalanceAmt |
| Contributions | $24,900 | ContributionsAmt |
| Investment Earnings Or Losses | $62,243 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $30,063 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $395 | AdministrativeExpensesAmt |
| End Year Balance | $613,468 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $515,381 | BeginningYearBalanceAmt |
| Contributions | $18,205 | ContributionsAmt |
| Investment Earnings Or Losses | $50,512 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $27,243 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $72 | AdministrativeExpensesAmt |
| End Year Balance | $556,783 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $599,554 | BeginningYearBalanceAmt |
| Contributions | $17,373 | ContributionsAmt |
| Investment Earnings Or Losses | -$69,591 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $31,890 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $65 | AdministrativeExpensesAmt |
| End Year Balance | $515,381 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $477,225 | BeginningYearBalanceAmt |
| Contributions | $28,944 | ContributionsAmt |
| Investment Earnings Or Losses | $121,736 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $28,204 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $147 | AdministrativeExpensesAmt |
| End Year Balance | $599,554 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $528,280 | BeginningYearBalanceAmt |
| Contributions | $8,312 | ContributionsAmt |
| Investment Earnings Or Losses | -$31,018 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $28,175 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $174 | AdministrativeExpensesAmt |
| End Year Balance | $477,225 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 1.00000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | Yes (1) | EndowmentsHeldRelatedOrgInd |
| Related Org List Sch R | Yes (1) | RelatedOrgListSchRInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $336,529 | OtherCostOrOtherBasisAmt |
| Book Value | $336,529 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $22,541,097 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,039,593 | DepreciationAmt |
| Book Value | $11,501,504 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,735,753 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,157,716 | DepreciationAmt |
| Book Value | $578,037 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $12,416,070 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ACCRUED INTEREST | Desc |
| Amt | $14,799 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $14,799 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $14,451,479 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $148,433 | OtherRevenueAmt |
| Revenue Not Reported | $148,433 | RevenueNotReportedAmt |
| Revenue Subtotal | $14,303,046 | RevenueSubtotalAmt |
| Other Revenues Not Included | $3,679,434 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $3,679,434 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $17,982,480 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $13,255,254 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $127,138 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $127,138 | ExpensesNotReportedAmt |
| Expenses Subtotal | $13,128,116 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $3,679,434 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $3,679,434 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $16,807,550 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | TO PROVIDE FINANCIAL AID SUPPORT FOR NEED BASED FAMILIES OF THE COVENANT SCHOOL, INC. |
| PART X, LINE 2: | THE SCHOOL 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. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN VALUATION OF INTEREST RATE SWAP 21,295. COST OF GOODS SOLD INCLUDED IN REVENUE 127,138. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 3,679,434. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD INCLUDED IN REVENUE 127,138. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 3,679,434. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | THE SCHOOL'S NON-DISCRIMINATION POLICY IS CLEARLY IDENTIFIED IN ALL BROCHURES USED IN RECRUITING STUDENTS. IT ALSO APPEARS IN ALL PAID NEWSPAPER AND MAGAZINE ADVERTISEMENTS. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | AUCTION | Event1Nm |
| Gross Receipts Event1 | $113,821 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $113,821 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $36,000 | NonCashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $9,264 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $30,525 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $1,644 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $19,030 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $113,821 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $113,821 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $36,000 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $9,264 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $30,525 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $1,644 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $19,030 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $96,463 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $17,358 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | TUITION REDUCTIONS - FINANCIAL AID | GrantTypeTxt |
| Recipient | 323 | RecipientCnt |
| Non Cash Assistance | $3,679,434 | NonCashAssistanceAmt |
| Valuation Method Used | BOOK VALUE - COST | ValuationMethodUsedDesc |
| Non Cash Assistance | THE SCHOOL PROVIDED NON-CASH FINANCIAL AID TO STUDENTS IN THE FORM OF REDUCED TUITION. | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE SCHOOL'S BUSINESS OFFICE MAINTAINS RECORDS SUPPORTING THE SELECTION CRITERIA USED TO AWARD SCHOLARSHIPS AND FINANCIAL AID, WHICH ALSO INCLUDE THE AMOUNTS AWARDED AND RECIPIENT NAMES. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MR BRADLEY R BAGGETT | ||||||||||||||
| HEAD OF SCHOOL | $266,202 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $52,557 | $0 | $318,759 | $0 | $0 | $0 |
| MR FRANK BERRY | ||||||||||||||
| CFO/COO | $168,400 | $0 | $0 | $0 | $0 | $0 | $9,472 | $0 | $14,734 | $0 | $192,606 | $0 | $0 | $0 |
| MR COLIN ANDERSON | ||||||||||||||
| DEAN OF FACULTY | $118,490 | $0 | $0 | $0 | $0 | $0 | $5,918 | $0 | $60,100 | $0 | $184,508 | $0 | $0 | $0 |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ECONOMIC DEVELOPMENT AUTHORITY OF ALBEMARLE COUNTY VIRGINIA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 521297503 | BondIssuerEIN |
| CUSIP | NONEAVAIL | CUSIPNum |
| Bond Issued | 2013-04-04 | BondIssuedDt |
| Issue Price | $7,250,000 | IssuePriceAmt |
| Purpose | SEE SCHEDULE O | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $2,696,174 | RetiredAmt |
| Total Proceeds | $7,250,000 | TotalProceedsAmt |
| In Reserve Fund | $600,000 | InReserveFundAmt |
| Other Spent Proceeds | $7,250,000 | OtherSpentProceedsAmt |
| Substantial Completion | 2003 | SubstantialCompletionYr |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | 0 | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | Yes (1) | NoRebateDueInd |
| Variable Rate Issue | Yes (1) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | Yes (1) | HedgeIdentifiedInBksAndRecInd |
Hedge Provider Name HedgeProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRUIST BANK | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 20.000000000000 | TermOfHedgePct |
| Superintegrated Hedge | 0 | SuperintegratedHedgeInd |
| Hedge Terminated | 0 | HedgeTerminatedInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | DATE REBATE COMPUTATION PERFORMED | FormAndLineReferenceDesc |
| Explanation | ISSUER NAME: ECONOMIC DEVELOPMENT AUTHORITY OF ALBEMARLE COUNTY, VIRGINIA DATE THE REBATE COMPUTATION WAS PERFORMED: 03/31/2023 | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 10 | ContributionCnt |
| Noncash Contributions Rpt F990 | $55,605 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | QUOTED MARKET VALUES | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, COLUMN (B): | THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF ACTUAL CONTRIBUTORS. |
| PART I, LINE 32B: | THE SCHOOL USES AN INVESTMENT BROKER TO LIQUIDATE DONATED PUBLICLY TRADED SECURITIES CONTRIBUTED DURING THE YEAR. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED BY THE SCHOOL'S AUDIT COMMITTEE WITH EXTERNAL AUDITORS UPON COMPLETION OF THE AUDITED FINANCIAL STATEMENTS. THE AUDIT COMMITTEE THEN REPORTS THE FORM 990 TO THE FINANCE COMMITTEE. ONCE REVIEWED BY THE FINANCE COMMITTEE, EACH VOTING MEMBER OF THE BOARD IS PROVIDED WITH A FINAL VERSION OF FORM 990. AFTERWARDS, THE FORM 990 IS FILED AND MADE AVAILABLE FOR PUBLIC INSPECTION. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH BOARD MEMBER IS MADE AWARE OF THE WRITTEN CONFLICT OF INTEREST POLICY. POTENTIAL CONFLICTS OF INTERESTS ARE REQUIRED TO BE DISCLOSED AT THE EARLIEST PRACTICABLE TIME. NO BOARD MEMBER SHALL VOTE ON ANY MATTER IN WHICH SUCH BOARD MEMBER HAS A CONFLICT OF INTEREST. ANY BOARD MEMBER, WHO IS UNCERTAIN WHETHER A CONFLICT OF INTERESTS EXISTS, MAY REQUEST THE BOARD TO MAKE A DETERMINATION REGARDING THE EXISTENCE OF A CONFLICT OF INTEREST, AND THE BOARD SHALL RESOLVE THE QUESTION BY A MAJORITY VOTE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF DIRECTORS REVIEW THE BUDGET AND OVERALL COMPENSATION PLAN. THE PLAN IS BASED ON CERTAIN PARAMETERS SET DURING THE BUDGET PROCESS. THE COMPENSATION PLAN IS GOVERNED BY A WRITTEN EMPLOYMENT AGREEMENT. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE SCHOOL'S FORM 990 CAN BE DISTRIBUTED TO THE PUBLIC UPON REQUEST. HOWEVER, ALL REQUESTS ARE SUBJECT TO THE APPROVAL OF THE HEAD OF SCHOOL AND THE SCHOOL'S CONSIDERATION OF THE INTENDED USE OF THE DOCUMENTS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS CAN BE DISTRIBUTED TO THE PUBLIC UPON REQUEST. HOWEVER, ALL REQUESTS ARE SUBJECT TO THE APPROVAL OF THE HEAD OF SCHOOL AND THE SCHOOL'S CONSIDERATION OF THE INTENDED USE OF THE DOCUMENTS. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUATION OF INTEREST RATE SWAP 21,295. |
| FORM 990, PART XII, LINE 2C: | THE SCHOOL HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. |
| SCHEDULE K | PART 1, LINE A, COLUMN (F): THE ECONOMIC DEVELOPMENT AUTHORITY OF ALBEMARLE COUNTY, VIRGINIA'S VARIABLE RATE REVENUE REFUNDING BONDS (THE COVENANT SCHOOL, INC.), SERIES 2013 (THE "SERIES 2013 BONDS") WERE ISSUED TO REFUND THE OUTSTANDING PRINCIPAL AMOUNT OF THE ECONOMIC DEVELOPMENT AUTHORITY OF ALBEMARLE COUNTY, VIRGINIA'S VARIABLE RATE EDUCATIONAL FACILITIES REVENUE BONDS (THE COVENANT SCHOOL, INC.), SERIES 2001 (THE "SERIES 2001 BONDS"), WHICH WERE ORIGINALLY ISSUED ON APRIL 26, 2001. THE PROCEEDS OF THE SERIES 2001 BONDS WERE USED FOR THE ACQUISITION, CONSTRUCTION, AND EQUIPPING OF AN UPPER SCHOOL EDUCATIONAL FACILITY IN ALBEMARLE COUNTY, VIRGINIA. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE COVENANT ENDOWMENT FUND | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 175 HICKORY STREET | AddressLine1Txt |
| City | CHARLOTTESVILLE | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22902 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 861226662 | EIN |
| Primary Activities | RECEIPT AND MANAGEMENT OF ENDOWED FUNDS TO SUPPORT THE COVENANT SCHOOL | PrimaryActivitiesTxt |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | 12A | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE COVENANT SCHOOL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA - NO TRANSACTION IN EXCESS OF 50000 | BusinessNameLine1Txt |
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