2016-05-11T13:45:08-05:00 2015-06-30 363990892 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2014-07-01 351957191 Covenant Christian Schools of Indianapolis Inc COVE 3173900202 7525 W 21st St Indianapolis IN 462142239 Stanton T Bryan Sr Financial Manager 3173900202 2016-05-11 1 Daren Daiga P01074795 3178852620 2014 2016-08-17 19:52:53Z Covenant Christian High School Andy Goodwin 7525 W 21st St Indianapolis IN 462142239 5031372 0 X www.covenantchristian.org X 1995 IN Christ-centered education equipping students for a life of scholarship, leadership & service 9 9 115 250 0 0 271039 192531 3696800 4641819 -3820 -4781 23134 17583 3987153 4847152 524050 589362 0 0 2338738 2617928 0 0 206111 1643484 1907216 4506272 5114506 -519119 -267354 3859667 3451930 784527 644144 3075140 2807786 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 4392101 589362 4652363 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 and by the Indiana Department of Education as an Indiana Freeway School.The school provided education to 347 domestic and 21 international students during the 2014-2015 school year. 4392101 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 47 0 1 115 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X Stanton T Bryan Sr 3173900202 7525 W 21st St Indianapolis IN 462142239 Todd Leyden Board Chairman 4.00 X X 0 0 0 Daniel Egenolf Board Vice Chair 1.00 X X 0 0 0 Rich Harcourt Board Treasurer 2.00 X X 0 0 0 Tony Johnson Board Secretary 1.00 X X 0 0 0 Roc Byrd Board Member 1.00 X 0 0 0 Mark Dobbs Board Member 1.00 X 0 0 0 John Owens Board Member 1.00 X 0 0 0 Ifen Donovan Board Member 1.00 X 0 0 0 Maggie Novak Board Member 1.00 X 0 0 0 Andy Goodwin President & CEO 40.00 X 64163 0 31562 Stanton T Bryan Sr Financial Manager 40.00 X 41747 0 9374 105910 0 40936 0 0 0 0 0 41320 151211 192531 Tuition & fees 611710 4243508 4243508 Auxiliary revenue 611710 398311 398311 4641819 97 97 8250 6673 1577 1577 1577 4878 -4878 -4878 -4878 37283 41320 31821 5462 5462 151392 140848 10544 10544 4847152 4652363 0 2258 100000 100000 489362 489362 159079 136172 13999 8908 2046976 1631138 277966 137872 25685 20891 4161 633 236576 192252 38622 5702 149612 119171 19423 11018 750 750 22268 22268 24494 24494 107323 50481 55252 1590 76245 72433 3812 220825 209651 11174 2307 2072 235 551226 523474 27752 40507 32366 8141 Instructional expenses 311943 311943 Athletics 297093 297093 Student activities 75567 75567 Music trip 74388 74388 102280 53647 8245 40388 5114506 4392101 516294 206111 170185 251873 426063 438161 33017 7953 47414 51452 27751 29789 21655 10105 10675 34814 9793409 7165626 3122907 2627783 3859667 3451930 175738 153111 525789 377701 83000 113332 784527 644144 X 2719056 2381085 221008 291611 135076 135090 3075140 2807786 3859667 3451930 -267354 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 135076 14 135090 135060 16 135076 135046 14 135060 135032 14 135046 135018 14 135032 1.00000 0 0 371434 371434 7830695 5988005 1842690 134689 11650 123039 1071915 919468 152447 384676 246503 138173 2627783 Deposits 113332 113332 X 4396284 38494 38494 4357790 489362 489362 4847152 4663638 38494 38494 4625144 489362 489362 5114506 Part V, Line 4: School's endowment fund consists of three individual funds established for specific purposes- teacher fellowship award, student financial assistance, and graduating student in math or science. Part X, Line 2: The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statement of activities. As of June 30, 2015 and 2014, the School had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Part XI, Line 2d - Other Adjustments: Rental expenses netted with revenue on Part VIII, Line 6b 6,673. Fundraising expenses netted with revenue on Part VIII, Line 8b 31,821. Part XI, Line 4b - Other Adjustments: Financial assistance netted with revenue on financial statements 489,362. Part XII, Line 2d - Other Adjustments: Rental expenses netted with revenue on Part VIII, Line 6b 6,673. Fundraising expenses netted with revenue on Part VIII, Line 8b 31,821. Part XII, Line 4b - Other Adjustments: Financial assistance netted with revenue on financial statements 489,362. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 A statement of the racial non-discrimination policy is included as a student admissions policy and is required to be in all the school's publications and is viewable on the website. Covenant Celebrates 25047 2541 22506 6906 3509 2760 Gone Servin' 38779 38779 13141 1 14777 14777 5505 78603 41320 37283 6906 9014 15901 31821 5462 1 Chapel Rock Christian Church 2020 N Girls School Rd Indianapolis IN 46214 351143606 501 (c)(3) 100000 Resurfacing portion of driveways and parking lot used by CCSI 1 0 Financial Aid 132 469362 Scholarships 28 20000 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 Chairman of the Board, 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 11 Form 990 was prepared by an independent CPA firm and reviewed 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's compensation using comparability data based on local private secondary schools. This process is documented. The CEO, who is independent of the financial manager, determined his 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. Form 990, Page 11, Part XII, Line 1: The financial statements of the School have been prepared on the basis of accounting used for income tax reporting. This basis differs from generally accepted accounting principles (GAAP) primarily because the School has established a replacement reserve and a obsolescence reserve for major asset replacement. Form 990, Part XII, Line 2c The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year.