2014-04-04T14:07:05-05:00 2013-06-30 363990892 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2012-07-01 351957191 Covenant Christian Schools of Indianapolis Inc COVE 3173900202 7525 W 21st St Indianapolis IN 462142239 Deborah McWhorter 3173900202 2014-04-04 1 David C Moja P00747006 3178852620 2012 2015-11-30 17:44:51Z Covenant Christian High School Andy Goodwin 7525 W 21st St Indianapolis IN 462142239 7495818 0 X www.covenantchristian.org X 1995 IN Christ-centered secondary education preparing students for a life of leadership & service. 8 8 114 250 0 0 761378 3812688 3142671 3582309 41 -1255 31743 43687 3935833 7437429 476592 592707 0 0 2107858 2153869 0 0 181622 1522062 1792548 4106512 4539124 -170679 2898305 4703788 4084064 4007834 489805 695954 3594259 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 3961717 592707 3582309 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 308 students during the 2012-2013 school year. 3961717 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 0 0 1 0 0 0 0 0 0 0 0 0 0 1 16 0 1 114 1 0 0 0 0 0 1 1 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X Deborah McWhorter 3173900202 7525 W 21st St Indianapolis IN 462142239 Todd Leyden 4.00 X X 0 0 0 Mark Dobbs 1.00 X X 0 0 0 Rich Harcourt 2.00 X X 0 0 0 Tony Johnson 1.00 X X 0 0 0 Roc Byrd 1.00 X 0 0 0 Daniel Egenolf 1.00 X 0 0 0 John Owens 1.00 X 0 0 0 Nick Tranbarger 1.00 X 0 0 0 Andy Goodwin 40.00 X 58965 0 18500 Deborah McWhorter 40.00 X 39931 0 445 98896 0 18945 0 0 0 0 0 18566 3794122 3812688 Tuition & fees 611710 3272943 3272943 Auxiliary revenue 611710 309366 309366 3582309 19 19 9750 9576 174 174 174 1274 -1274 -1274 -1274 91052 18566 47539 43513 43513 7437429 3582309 0 42432 592707 592707 121424 103887 10703 6834 16738 16738 1709343 1445958 160715 102670 16299 14751 1141 407 161035 145681 11272 4082 129030 108827 12309 7894 56814 56814 21625 21625 87417 43709 43708 46763 44425 2338 262805 249665 13140 5132 5062 70 25580 24301 1279 534563 507835 26728 35809 28647 7162 Instructional expenses 237782 237782 Athletics 189556 189556 Student activities 161972 161972 Bad debt expense 26313 26313 100417 40214 468 59735 4539124 3961717 395785 181622 83890 23120 467743 367832 11119 96528 60986 37576 18535 17555 4000 2000 9778525 6243309 3979027 3535216 42946 39779 4703788 4084064 209001 220734 202210 199871 3522573 0 74050 69200 4007834 489805 X 293505 3236706 267403 222493 135046 135060 695954 3594259 4703788 4084064 2898305 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 135046 14 135060 135032 14 135046 135018 14 135032 115007 20000 11 135018 114198 809 115007 1.00000 1 0 371434 371434 7940491 5169131 2771360 1081232 861800 219432 385368 212378 172990 3535216 Deposits 69200 69200 X 6854298 9576 9576 6844722 592707 592707 7437429 3955993 9576 9576 3946417 592707 592707 4539124 Description of Intended Use of Endowment Funds: 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. Description of Uncertain Tax Positions Under FIN 48: 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, 2013 and 2012, 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 9,576. Part XI, Line 4b - Other Adjustments: Financial assistance netted with revenue on financial statements 592,707. Part XII, Line 2d - Other Adjustments: Rental expenses netted with revenue on Part VIII, Line 6b 9,576. Part XII, Line 4b - Other Adjustments: Financial assistance netted with revenue on financial statements 592,707. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 A statement of the racial non discrimination policy is included as a student admissions policy and requirement within all our publications and viewable on our website. Covenant Celebrates 46562 18566 27996 7688 4733 7937 Choir Fundraiser 23159 23159 11914 4 39897 39897 15267 109618 18566 91052 7688 4733 35118 47539 43513 1 Tuition Assistance 148 592707 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, 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. Jamie Goodwin Spouse of Andy Goodwin, President 16738 Wages 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 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 These documents are available 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.