2011-03-23T17:06:45-05:00 2010-06-30 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2009-07-01 351957191 Covenant Christian Schools of Indianapolis Inc COVE 3173900202 7525 W 21st St Indianapolis IN 462142239 Deborah McWhorter 3173900202 2011-03-23 1 Todd Ensign 3178852620 2009 2016-02-24 21:20:13Z Brian Hudson 7525 W 21st St Indianapolis IN 462142239 4329507 0 X www.covenantchristian.org X 1995 IN Christ-centered secondary education preparing students for a life of leadership & service. 9 9 127 200 0 0 1123886 845217 3370314 3269394 2791 35 45359 112901 4542350 4227547 357277 525301 0 2281762 2140377 0 123417 1870537 1452527 4509576 4118205 32774 109342 5846839 5535376 5073252 4652447 773587 882929 The School's objective is to provide an excellent, Christ-centered education, equipping students for a life of scholarship, leadership, and service. 0 0 3655042 525301 3269394 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)(2). 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. 3655042 1 1 0 0 0 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 0 0 1 0 0 0 0 0 0 0 0 1 11 0 127 1 0 0 0 0 0 1 1 0 0 0 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 Indianapolis Inc 3173900202 7525 W 21st St Indianapolis IN 462142239 Rich Harcourt 1.00 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 1.00 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 30038 815179 38080 845217 Tuition & fees 900099 3140831 3140831 Auxiliary income 900099 128563 128563 3269394 262 262 13417 4790 8627 8627 8627 37889 700 38816 -927 700 -227 -227 109751 30038 58354 51397 51397 Other income 511130 52877 52877 52877 4227547 3269394 0 112936 525301 525301 123382 24394 82726 16262 1740009 1577933 86135 75941 18657 16605 1493 559 125105 116447 5797 2861 133224 114377 12023 6824 28641 28641 21057 21057 74502 37251 37251 30869 29326 1543 206533 196158 10375 938 575 363 126338 120021 6317 514440 488527 25913 42900 34320 8580 Auxiliary 180899 180899 Instruction 146409 146409 Debt expenses 34206 34206 Fundraising 20970 20970 Professional Dev. 11499 9828 1671 12326 2465 9861 4118205 3655042 339746 123417 214122 334995 224997 263210 10882 11242 57675 62442 4350 13093 10113 2275 9714809 4866690 5324700 4848119 5846839 5535376 201617 186286 112939 98838 4688973 4300173 69723 67150 5073252 4652447 X 534371 539569 124209 208342 115007 135018 773587 882929 5846839 5535376 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 115007 20000 11 135018 114198 809 115007 0.00000 1.00000 0.00000 1 0 371434 371434 8305859 4024971 4280888 685970 545778 140192 351546 295941 55605 4848119 Deposits 67150 67150 4227547 4118205 109342 0 109342 3765390 -525301 -525301 4290691 -63144 -63144 4227547 3656048 63144 63144 3592904 525301 525301 4118205 Part V, Line 4: Description of Intended Use of Endowment Funds: 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: Description of Uncertain Tax Positions Under FIN 48: On July 1, 2009, the School adopted the new provisions of the Income Tax Topic of the FASB Accounting Standards Codification (FASB ASC). These provisions clarify the accounting for uncertainty in tax positions and prescribe guidance related to the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The tax benefit from an uncertain tax position is only recognized in the statements of financial position if the tax position is more likely than not to be sustained upon an examination, based on the technical merits of the position. Interest and penalties, if any, are included in expenses in the statements of activities. As of June 30, 2010, the School had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Part XII, Line 2d - Other Adjustments: Financial assistance netted with revenue on financial statements: -525301. Part XII, Line 4b - Other Adjustments: Fundraising expenses netted with revenue on Part VIII, Line 8b: -58354. Rental expenses netted with revenue on Part VIII, Line 6b: -4790. Part XIII, Line 2d - Other Adjustments: Fundraising expenses netted with revenue on Part VIII, Line 8b: 58354. Rental expenses netted with revenue on Part VIII, Line 6b: 4790. Part XIII, Line 4b - Other Adjustments: Financial assistance netted with revenue on financial statements: 525301. 1 1 1 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. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Auction 70884 22435 48449 5200 31702 Golf Tournament 10560 7603 2957 1844 9 58345 0 58345 19608 139789 30038 109751 5200 53154 58354 51397 1 Tuition Assistance 103 525301 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. X 2 38080 Stock market price 0 0 0 1 Method for Determining Number of Contributors: Part I, Column (b): The number of contributors represent the number of donors. Third Party Use: Part I, Line 32b: The school uses a third party broker to receive and sell publicly traded securities. Form 990, Part VI, Section B, line 11 Form 990 was prepared by an independent CPA 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 XI, Line 2c Explanation of Responsibility 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.