Covenant Community School Inc
- Assets
- $410.5k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 25
- Location
- Lake City, FL
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 20-4173225
Organization Overview
Covenant Community School Inc is located in Lake City, FL. The organization was established in 2007. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 12/2022, Covenant Community School Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covenant Community School Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Covenant Community School Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $982.3k during the year ending 12/2022. While expenses have increased by 7.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHRISTIAN NON-DENOMINATIONAL EDUCATION INSTITUTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
COVENANT COMMUNITY SCHOOL IS A PRIVATE CHRISTIAN SCHOOL WHO PARTNERED WITH 104 FAMILIES, WHICH INCLUDED 173 STUDENTS IN 2022/2023. THE PARTNERSHIPS INCLUDED HELPONG DEFINE THE GOD-GIVEN CALL ON THE CHILDRENS LIVES, PROVDING AN EDUCATION THAT TOUCHED CHILDREN IN THE CLASSROOM WITH HIGH ACADEMIC EXCELLENCE AND STRONG CHRISTIAN VALUES. WE ALSO HAD 9 STUDENTS GRADUATE WITH A HIGH SCHOOL DIPLOMA. CCS HELPS THE SUTDENTS WITH DUAL ENROLLMENT AT THE LOCAL COLLEGE ALONG WITH FLORIDA VIRTUAL SCHOOL. OUR SAT SCORES INDICATED AN AVERAGE OF 1150 OR ABOVE OVERALL PERFORMANCE FOR THE PAST SCHOOL YEAR. WE TAUGHT GODLY LIFE APPLICATION PRINCIPLES USING THE WORD OF GOD AS THE BASIS FOR ALL TRUTH. SEE PART III, LINE 4B CONTINUATION STATEMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Soucinek Director | Trustee | 40 | $0 |
Frank Soucinek Director | Trustee | 10 | $0 |
Charles Kalb Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,100 |
| Total Program Service Revenue | $1,149,227 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,010 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,158,337 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $536,888 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $41,569 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,662 |
| Office expenses | $18,647 |
| Information technology | $8,712 |
| Royalties | $0 |
| Occupancy | $117,473 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,736 |
| Interest | $1,035 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,598 |
| Insurance | $5,135 |
| All other expenses | $37,757 |
| Total functional expenses | $982,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $387,347 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,771 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,927 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $410,545 |
| Accounts payable and accrued expenses | $3,510 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $17,990 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,257 |
| Total liabilities | $25,757 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $10,155 |
| Paid-in or capital surplus, or land, building, or equipment fund | $88,800 |
| Retained earnings, endowment, accumulated income, or other funds | $285,833 |
| Total liabilities and net assets/fund balances | $410,545 |