Covenant Classical School
- Assets
- $1.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 28
- Location
- Naperville, IL
- Founding
- 12/2010
- Data as of
- 06/2022
- EIN
- 27-1802630
Organization Overview
Covenant Classical School is located in Naperville, IL. The organization was established in 2010. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Covenant Classical School employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covenant Classical School 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 06/2022, Covenant Classical School generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 6.1% per year over the past 7 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
TO PROVIDE A CLASSICAL CHRISTIAN BASED EDUCATION TO CHILDREN IN GRADES KINDERGARTEN THROUGH TWELFTH GRADE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A CLASSICAL CHRISTIAN BASED EDUCATION TO CHILDREN IN GRADES KINDERGARTEN THROUGH TWELFTH GRADE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Stoner Head Of School | Officer | 55 | $146,116 |
Tim Bealert Treasurer | OfficerTrustee | 2 | $0 |
Mitch Backes Chairman | OfficerTrustee | 4 | $0 |
Caroline Jones Secretary | OfficerTrustee | 2 | $0 |
Vince Bacote Director | Trustee | 2 | $0 |
Ashley Ce Wu Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,668 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $224,412 |
| Noncash contributions included in lines 1a–1f | $16,684 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $252,080 |
| Total Program Service Revenue | $1,325,987 |
| Investment income | $257 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$230 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,579,941 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $89,134 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $155,980 |
| Compensation of current officers, directors, key employees. | $54,593 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $833,572 |
| Pension plan accruals and contributions | $14,921 |
| Other employee benefits | $85,935 |
| Payroll taxes | $71,970 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,737 |
| Advertising and promotion | $18,156 |
| Office expenses | $25,063 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $212,857 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,152 |
| Insurance | $4,139 |
| All other expenses | $0 |
| Total functional expenses | $1,616,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,455 |
| Savings and temporary cash investments | $976,651 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,525 |
| Net Land, buildings, and equipment | $22,989 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,500 |
| Total assets | $1,076,120 |
| Accounts payable and accrued expenses | $52,107 |
| Grants payable | $0 |
| Deferred revenue | $414,932 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $467,039 |
| Net assets without donor restrictions | $609,081 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,076,120 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Covenant Classical School has recieved totaling $65,123.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $55,641 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $6,060 |
Nord Family Foundation Amherst, OH PURPOSE: MATCHING - GENERAL OPERATING SUPPORT | $1,000 |
Fidelity Foundation Boston, MA PURPOSE: MATCHING GIFTS TO EDUCATION | $1,000 |
Glen T And Diane B Meakem Foundation Inc Pittsburgh, PA PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $422 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Riverbend Head Start Delegate Inc Alton, IL | $2,230,032 | $11,645,370 |
Edchoice Inc Indianapolis, IN | $20,542,454 | $10,117,129 |
Teachers Treasures Inc Indianapolis, IN | $1,070,406 | $9,359,257 |
Academy For Urban School Leadership Chicago, IL | $9,385,123 | $10,302,671 |
Primo Center For Women And Children Chicago, IL | $5,281,489 | $8,337,109 |
North Chicago Education Fund Chicago, IL | $29,249,144 | $33,611 |
Racine Charter One Inc Racine, WI | $5,378,275 | $6,487,272 |
Rockford Rescue Mission Ministries Rockford, IL | $21,367,986 | $9,020,470 |
Hands Of Hope Of Illinois Joliet, IL | $1,296,526 | $5,994,753 |
Communities In Schools Of Chicago Chicago, IL | $8,973,055 | $9,274,759 |
Uw-Platteville Real Estate Foundation Inc Platteville, WI | $45,856,338 | $5,901,983 |
Iowa Western Community College Foundation Council Bluffs, IA | $36,011,501 | $4,880,435 |