Christ Covenant School
- Assets
- $5.9m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 132
- Location
- Winterville, NC
- Founding
- 12/1999
- Data as of
- 06/2023
- EIN
- 56-2139728
Organization Overview
Christ Covenant School is located in Winterville, NC. The organization was established in 1999. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Christ Covenant School employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christ Covenant 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 06/2023, Christ Covenant School generated $3.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $3.4m during the year ending 06/2023. While expenses have increased by 2.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A CHRISTIAN EDUCATION TO CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A CHRISTIAN EDUCATION TO CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Clark President | OfficerTrustee | 2 | $0 |
Donna Askew Vice President | OfficerTrustee | 2 | $0 |
Mike Roberson Treasurer | OfficerTrustee | 2 | $0 |
Johnna Modlin Secretary | OfficerTrustee | 2 | $0 |
Daniel Entzminger Director | Trustee | 2 | $0 |
Callie Parker Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $96,164 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,011 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $222,175 |
| Total Program Service Revenue | $3,057,645 |
| Investment income | $29,818 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,425 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $63,695 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,385,758 |
| 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 | $1,841,908 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $174,421 |
| Payroll taxes | $135,155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,650 |
| Fees for services: Accounting | $24,627 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,318 |
| Advertising and promotion | $5,502 |
| Office expenses | $7,660 |
| Information technology | $30,813 |
| Royalties | $0 |
| Occupancy | $245,664 |
| Travel | $6,118 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $100,052 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $158,885 |
| Insurance | $28,102 |
| All other expenses | $119,772 |
| Total functional expenses | $3,369,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $767,599 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,471 |
| 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 | $3,901,861 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,169,723 |
| Total assets | $5,895,654 |
| Accounts payable and accrued expenses | $46,096 |
| Grants payable | $0 |
| Deferred revenue | $83,371 |
| 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 | $2,259,860 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,389,327 |
| Net assets without donor restrictions | $3,202,345 |
| Net assets with donor restrictions | $303,982 |
| 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 | $5,895,654 |