2012-03-26T11:31:34-05:00 2011-06-30 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2010-07-01 351957191 Covenant Christian Schools of Indianapolis Inc COVE 3173900202 7525 W 21st St Indianapolis IN 462142239 Deborah McWhorter 3173900202 2012-03-26 1 Dave Moja 3178852620 2010 2016-02-24 21:20:13Z Brian Hudson 7525 W 21st St Indianapolis IN 462142239 4059008 0 X www.covenantchristian.org X 1995 IN Christ-centered secondary education preparing students for a life of leadership & service. 9 9 127 250 0 0 845217 853015 3269394 3168886 35 -197 112901 3107 4227547 4024811 525301 453996 0 0 2140377 2091094 0 0 146357 1452527 1496017 4118205 4041107 109342 -16296 5535376 5129364 4652447 4262731 882929 866633 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 3541652 453996 3168886 Covenant Christian Schools of Indianapolis, Inc. (School) is a nonprofit religious/educational organizationincorporated under the laws of the state of Indiana as described in Section 501(c)(3) of the Internal Revenue Code. It is recognized by the IRS as a publicly supported organization that is not a private foundation described in Section 509(a)(1). As such, it is exempt from federal and state income tax, and contributions by the public are deductible for income tax purposes.The School's objective is to provide an excellent, Christ-centered education, equipping students for a life of scholarship, leadership and service. Revenues are derived primarily from students' tuition and related service fees. The School also derives income from contributions of friends to the School and the general public. 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, Association of Christian Schools International (ACSI), and Indianapolis Christian School Association. The School is accredited by the ACSI and by the Indiana Department of Education as an Indiana Freeway School. 3541652 1 1 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 0 1 11 0 127 1 0 0 0 0 0 1 1 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 Covenant Christian Schools of India 3173900202 7525 W 21st St Indianapolis IN 462142239 Rich Harcourt 2.00 X X 0 0 0 Signe Nicholson 1.00 X 0 0 0 Mark Dobbs 1.00 X X 0 0 0 Roc Byrd 1.00 X 0 0 0 Pam Johnson 1.00 X 0 0 0 Tony Johnson 1.00 X 0 0 0 Todd Leyden 4.00 X X 0 0 0 Don Laskowski 1.00 X 0 0 0 John Owens 1.00 X 0 0 0 Brian Hudson 40.00 X 69867 0 9446 Deborah Mchorter 40.00 X 40903 0 412 110770 0 9858 0 0 0 0 0 106019 746996 853015 Tuition & fees 611710 2983545 2983545 Auxiliary revenue 611710 185341 185341 3168886 68 68 800 5605 -4805 -4805 -4805 800 1065 -265 -265 -265 35439 106019 27527 7912 7912 4024811 3168886 0 2910 453996 453996 129461 25892 86739 16830 35896 35896 1633300 1472876 87089 73335 15499 13522 1578 399 148782 129797 15150 3835 128156 109947 12720 5489 997 997 25365 25365 20334 20334 79528 39764 39764 19524 18548 976 247081 236431 10650 53352 51857 1495 115725 109939 5786 498313 477018 21295 44482 35586 8896 Student activities 137162 137162 Instructional expenses 122473 122473 Development expenses 70694 20022 4203 46469 Cafeteria expenses 41872 41872 Debt expenses 6538 6538 12577 2516 10061 4041107 3541652 353098 146357 334995 367898 128192 128221 11242 10272 62442 78037 13093 16670 2275 8281 9753105 5368152 4848119 4384953 135018 135032 5535376 5129364 186286 193293 98838 98780 4300173 3911373 67150 59285 4652447 4262731 X 539569 507144 208342 224457 135018 135032 882929 866633 5535376 5129364 -16296 0 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 135018 14 135032 115007 20000 11 135018 114198 809 115007 0.00000 1.00000 0.00000 1 0 371434 371434 8325859 4464129 3861730 913808 831349 82459 142004 72674 69330 4384953 Deposits 59285 59285 4024811 4041107 -16296 0 -16296 3603947 27527 27527 3576420 448391 448391 4024811 3620243 33132 33132 3587111 453996 453996 4041107 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: 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 statements of activities. As of June 30, 2011 and 2010, the School had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Part XII, Line 2d - Other Adjustments: Fundraising expenses netted with revenue on Part VIII, Line 8b 27,527. Part XII, Line 4b - Other Adjustments: Financial assistance netted with revenue on financial statements 453,996. Rental expenses netted with revenue on Part VIII, Line 6b -5,605. Part XIII, Line 2d - Other Adjustments: Fundraising expenses netted with revenue on Part VIII, Line 8b 27,527. Rental expenses netted with revenue on Part VIII, Line 6b 5,605. Part XIII, Line 4b - Other Adjustments: Financial assistance netted with revenue on financial statements 453,996. 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 75130 39691 35439 1108 2372 9094 Kids Summer Camp 21063 21063 14953 6 45265 45265 141458 106019 35439 16061 2372 9094 27527 7912 1 Tuition Assistance 97 453996 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Families apply for financial aid through FFNA (Family Financial Needs Assessment), an independent organization. FFNA analyzes the submitted information and makes a financial aid recommendation to the school. Based on the recommendation from FFNA, 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. All full time status employees are eligible for student financial aid assistance- this benefit is documented in the employee benefit manual. Student Officer's dependent 8398 Discounted tuition Lisa Hudson Spouse of Brian Hudson, President 35896 Wages 0 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 complete the conflict of interest documents, on an annual basis. Interests that could give rise to conflicts are reviewed by the Executive Committee of the Board. 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. 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. Explanation of Responsibility Form 990, Page 11, Part XII, Line 2c: The audit committee assumes responsibility for the selection of an independent accountant and the audit of the financial statements. This process has not changed from the prior year.