2021-03-31T13:07:34-05:00 2020-06-30 363990892 Capin Crouse LLP 345 Massachusetts Avenue Suite 300 Indianapolis IN 46204 990 2019-07-01 351957191 Covenant Christian Schools of Indianapolis Inc COVE 3173900202 7525 W 21st St Indianapolis IN 462142239 Claudette B Pickens Assistant Treasurer 3173900202 2021-03-31 1 Sara Tibbott P01486965 3178852620 2019 2022-09-23 18:48:47Z Covenant Christian High School Andy Goodwin 7525 W 21st St Indianapolis IN 462142239 6236969 0 X www.covenantchristian.org X 1995 IN Christ-centered education equipping students for a life of scholarship, leadership & service. 7 7 120 200 0 0 378691 1086068 5117739 5108598 8334 5407 -13889 -12553 5490875 6187520 781949 827572 0 0 3063078 3072233 0 0 256077 1676723 1482046 5521750 5381851 -30875 805669 5801418 6334129 739751 466793 5061667 5867336 X The School's objective is to provide an excellent, Christ-centered education, equipping students for a life of scholarship, leadership, and service. 0 0 4363508 827572 5112771 Covenant Christian Schools of Indianapolis, Inc. (School) is a nonprofit religious/educational organization whose objective is to provide an excellent, Christ-centered education, equipping students for a life of scholarship, leadership and service. In a city filled with outstanding school choices, Covenant's distinction hinges on three major aspects: our teachers, our curriculum and our commitment to serve the Indianapolis community. Our credo summarizes these ideas well, "minds enlightened, hearts inflamed, lives transformed". Vital to a Covenant education, our teachers live out this motto as they strive to both enlighten students' minds and inflame their hearts in an effort to transform their lives. Teachers are committed to helping these students flourish as complete human beings, mentoring them in and out of school. In the classroom students are trained to think critically and ask questions about all of life, from music to mathematics, art to archeology. Covenant challenges students to not only understand their world, but to engage that world and impact it. The School is a member of Indiana Non-Public Education Association and Association of Christian Schools International (ACSI). The School is accredited by the ACSI, Advanced Ed, and by the Indiana Department of Education as an Indiana Freeway School.The school provided education to 358 (FT) and 4 (PT) domestic and 8 (FT) and 6 (PT) international students during the 2019-2020 school year. 4363508 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 94 0 1 120 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X Claudette B Pickens 3173900202 7525 W 21st St Indianapolis IN 462142239 Andy Goodwin CEO/Principal 40.00 X 101162 0 7634 Claudette B Pickens Assistant Treasurer 40.00 X 79775 0 10201 Daniel Egenolf Board President 4.00 X X 0 0 0 Matt Heuss Board Secretary 4.00 X X 0 0 0 Max Hudspeth Board Treasurer 1.00 X X 0 0 0 Roc Byrd Board Member 1.00 X 0 0 0 Michael Twyman Board Member 1.00 X 0 0 0 Abby McDonough Board Member 1.00 X 0 0 0 Mark Swearingen Board Member 1.00 X 0 0 0 180937 0 17835 1 0 0 0 0 83101 557324 445643 2103 1086068 Tuition & fees 611710 4762393 4762393 Auxiliary revenue 611710 346205 346205 5108598 5407 5407 12333 83101 29059 -16726 -16726 24563 20390 4173 4173 6187520 5112771 0 -11319 827572 827572 208666 156412 36884 15370 2418037 1835826 403742 178469 33081 21720 8971 2390 221237 145261 59995 15981 191212 134219 42430 14563 7567 7567 31461 31461 88553 88553 88778 44389 44389 64481 61257 3224 174003 165303 8700 352 291 9 52 14745 12780 1811 154 697 664 33 258063 245160 12903 42937 34350 8587 Instructional expenses 325362 325362 Athletics 214786 214786 Student activities 81816 81816 Music trip 2256 2256 86189 54084 3007 29098 5381851 4363508 762266 256077 753198 1284114 228847 230358 389 15891 55830 44017 9792 6650 5870 79855 113065 10045881 5788273 4298788 4257608 368069 383206 5801418 6334129 249646 256033 449645 155117 15777 11645 42676 24683 1322 739751 466793 X 4489955 5247841 571712 619495 5061667 5867336 5801418 6334129 805669 0 X 1 X 0 1 0 X 200757 268245 539026 378691 1086068 2472787 200757 268245 539026 378691 1086068 2472787 128080 2344707 503 8122 8334 5407 22366 27801 28137 20741 14947 12333 103959 2599112 24196130 0.90210 0.85580 X Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 368069 10000 5137 383206 350373 10000 7696 368069 236733 110000 3640 350373 235593 1140 236733 135090 100000 503 235593 1.00000 0 0 351434 351434 8580113 4813109 3767004 927812 825493 102319 186522 149671 36851 4257608 Deposits 1322 1322 Part V, Line 4: School's endowment fund consists of five individual funds established for specific purposes- teacher fellowship award, student financial assistance, and graduating student in math or science. Part V, lines 2a-2c: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 6/30/2020. To date, Schedule D has not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The organization currently enrolls students of racial minority groups in meaningful numbers consistent with the publicity exception found in Rev. Proc. 75-50 section 4.03(2)(b). Schedule E, Part I, Line 6 Covenant participates in the Indiana Choice Scholarship program and receives School Choice vouchers for qualified students. Covenant Celebrates 80601 80601 9417 14942 1942 Fine Arts Pizza Fundraiser 12333 12333 2727 92934 80601 12333 9417 14942 4669 29028 -16695 1 Financial Aid 239 796870 Scholarships 31 30702 Part I, Line 2: Families apply for financial aid through FACTS Tuition Aid, an independent organization. FACTS analyzes the submitted information and makes a financial aid recommendation to the school. Based on the recommendation from FACTS, the budgeted aid for the school is allocated amongst the applicants by the financial aid committee. After receiving the initial award, a family has the option of submitting a written appeal to the financial aid committee for additional aid. The appeal letters are reviewed by the committee and additional aid is awarded if the situation warrants such a decision. Once financial aid is finalized and accepted by the family, the grant is credited to the student's account. No cash changes hands. All full time status employees are eligible for student financial aid assistance. This benefit is documented in the employee benefit manual. Students also submit applications for scholarships as part of the financial aid program. The applications with required references are reviewed by the Scholarship Committee who then grants awards to the successful applicants. No cash changes hands as the scholarships are credited to the student's account. Form 990, Part VI, Section A, line 1 The Executive Committee is composed of the Board President, Secretary, and at least two Directors. The Committee has the authority of the Board of Directors in the management and business of the Corporation between meetings of the Board of Directors. The Committee meets and decides on critical issues in those occasions when Board action is required. The Committee documents actions taken and presents them for ratification to the full Board at its next meeting. Form 990, Part VI, Section B, line 11b Form 990 was prepared by an independent CPA firm and reviewed in detail by top management. After top management review, the Finance and Audit Committee reviewed and approved Form 990. The return was then distributed electronically to all board members prior to filing with the IRS. Form 990, Part VI, Section B, line 12c All officers and directors annually complete conflict of interest statements. The Executive Committee of the Board reviews the signed statements and monitors any interests that could give rise to conflicts. Should any potential conflicts of interest be disclosed, the director or officer would be asked to refrain from participation in any decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 Independent Board members serving on the board's finance committee determined the CEO/Principal's compensation using comparability data based on local private secondary schools. This process is documented. The CEO/Principal, who is independent of the Assistant Treasurer, determined her compensation based upon comparabiltiy data. This process is also documented. The process is repeated on an annual basis for the upcoming school year. Form 990, Part VI, Section C, line 19 The school's governing documents, conflict of interest policy and financial statements are available to the public upon request.