2015-03-16T15:25:21-05:00 2014-06-30 363990892 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2013-07-01 351957191 Covenant Christian Schools of Indianapolis Inc COVE 3173900202 7525 W 21st St Indianapolis IN 462142239 Stanton T Bryan Sr Financial Manager 3173900202 2015-03-17 1 Daren Daiga P01074795 3178852620 2013 2016-03-07 17:11:31Z Covenant Christian High School Andy Goodwin 7525 W 21st St Indianapolis IN 462142239 4237280 0 X www.covenantchristian.org X 1995 IN Christ-centered education equipping students for a life of scholarship, leadership & service 10 9 112 250 0 0 3812688 271039 3582309 3696800 -1255 -3820 43687 23134 7437429 3987153 592707 524050 0 0 2153869 2338738 0 0 156765 1792548 1643484 4539124 4506272 2898305 -519119 4084064 3859667 489805 784527 3594259 3075140 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 3976528 524050 3707336 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 330 students during the 2013-2014 school year. 3976528 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 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 12 0 1 112 1 0 0 0 0 0 1 1 0 0 0 0 X 10 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 Mark Dobbs 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 Daniel Egenolf Board Member 1.00 X 0 0 0 John Owens Board Member 1.00 X 0 0 0 Nick Tranbarger Board Member 1.00 X 0 0 0 Ifen Donovan Board Member 1.00 X 0 0 0 Danny Smith Board Member 1.00 X 0 0 0 Andy Goodwin President & CEO 40.00 X 58965 0 20428 Deborah McWhorter Assistant Treasurer 40.00 X 39931 0 4947 Stanton T Bryan Sr Financial Manager 40.00 X 0 0 0 98896 0 25375 0 0 0 0 0 25691 245348 271039 Tuition & fees 611710 3455207 3455207 Auxiliary revenue 611710 241593 241593 3696800 29 29 9000 5814 3186 3186 3186 3849 -3849 -3849 -3849 42916 25691 33504 9412 9412 217496 206960 10536 10536 3987153 3707336 0 8778 524050 524050 151258 129412 13333 8513 34363 34363 1813474 1540066 163718 109690 20867 18222 2137 508 176222 153312 18505 4405 142554 121486 12396 8672 5748 5748 21295 21295 19266 19266 107490 50831 55202 1457 59951 56953 2998 242277 230072 12205 7397 7329 68 534671 507747 26924 32363 25854 6509 Instructional expenses 227971 227971 Athletics 211712 211712 Bad debt expense 48452 48452 Student activities 48026 48026 76865 40670 12675 23520 4506272 3976528 372979 156765 23120 170185 367832 426063 39779 33017 60986 47414 37576 27751 17555 21655 2000 10675 9802502 6679595 3535216 3122907 4084064 3859667 220734 175738 199871 525789 69200 83000 489805 784527 X 3236706 2719056 222493 221008 135060 135076 3594259 3075140 4084064 3859667 -519119 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 135060 16 135076 135046 14 135060 135032 14 135046 135018 14 135032 115007 20000 11 135018 1.00000 0 0 371434 371434 7830695 5535863 2294832 114416 9377 105039 1103755 906539 197216 382202 227816 154386 3122907 Deposits 83000 83000 X 3502421 39318 39318 3463103 524050 524050 3987153 4021540 39318 39318 3982222 524050 524050 4506272 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, 2014 and 2013, 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 5,814. Fundraising expenses netted with revenue on Part VIII, Line 8b 33,504. Part XI, Line 4b - Other Adjustments: Financial assistance netted with revenue on financial statements 524,050. Part XII, Line 2d - Other Adjustments: Rental expenses netted with revenue on Part VIII, Line 6b 5,814. Fundraising expenses netted with revenue on Part VIII, Line 8b 33,504. Part XII, Line 4b - Other Adjustments: Financial assistance netted with revenue on financial statements 524,050. 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 37159 25691 11468 9053 2761 2129 Choir Fundraiser 8079 8079 4430 3 23369 23369 15131 68607 25691 42916 9053 7191 17260 33504 9412 1 Tuition Assistance 201 524050 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. 1500 Qualified tuition reduction plan Tuition assistance Jamie Goodwin Spouse of Andy Goodwin, President 16998 Wages & benefits 0 Christopher Hutchinson Brother-in-law of Nick Tranbarger, Board Member 17365 Wages & benefits 0 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. If a matter with a potential conflict arises at a board meeting, the interested person would abstain from voting on the matter. 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.