Covenant Community School Inc
- Assets
- $70.7k
- Revenue
- $170.9k
- Investments
- $0.0
- Employees
- 25
- Location
- Gastonia, NC
- Founding
- 01/2014
- Data as of
- 12/2023
- EIN
- 45-1620113
Organization Overview
Covenant Community School Inc is located in Gastonia, NC. The organization was established in 2014. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2023, 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 12/2023, Covenant Community School Inc generated $170.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $195.5k during the year ending 12/2023. While expenses have increased by 3.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COVENANT COMMUNITY SCHOOL, INC. IS A CHARITABLE COMMUNITY SERVICE ORGANIZATION WHOSE MISSION IS TO PROVIDE A CHRIST CENTERED PRESCHOOL EXPERIENCE MINISTERING TO CHILDREN AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH DEVELOPMENT: COVENANT COMMUNITY SCHOOL IS COMMITTED TO NURTURING THE POTENTIAL OF EVERY CHILD. WE ARE SERVING A DIVERSE POPULATION OF PRE-SCHOOL CHILDREN IN GASTON COUNTY, N. C. THE SCHOOL STRIVES FOR EXCELLENCE TO MEET THE QUALIFICATIONS OF A HIGH QUALITY CHRIST CENTERED EARLY CHILDHOOD EXPERIENCE. THROUGH CHRISTIAN VALUES, THE SCHOOL FOCUSES ON THE SOCIAL AND EMOTIONAL SKILLS CHILDREN NEED TO SUCCEED IN SCHOOL AND LIFE. SCHOLARSHIP HELP IS PROVIDED TO A LARGE PERCENTAGE OF OUR STUDENT POPULATION TO QUALIFYING FAMILIES IN NEED. APPROXIMATELY 100 STUDENTS WERE ENROLLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynda Williams Director | OfficerTrustee | 40 | $42,462 |
Teresa Partain Director | Trustee | 1 | $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 | $2,195 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,195 |
| Total Program Service Revenue | $167,262 |
| 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 | $1,265 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $170,857 |
| 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. | $42,462 |
| Compensation of current officers, directors, key employees. | $21,231 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,953 |
| Pension plan accruals and contributions | $6,000 |
| Other employee benefits | $0 |
| Payroll taxes | $11,613 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $293 |
| Office expenses | $3,362 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $1,356 |
| Total functional expenses | $195,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,718 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $70,718 |
| Accounts payable and accrued expenses | $6,367 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,367 |
| Net assets without donor restrictions | $64,351 |
| 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 | $70,718 |