Covenant Christian Academy
- Assets
- $5.2m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 77
- Location
- Macon, GA
- Founding
- 12/1989
- Data as of
- 06/2022
- EIN
- 58-1795475
Organization Overview
Covenant Christian Academy is located in Macon, GA. The organization was established in 1989. 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 06/2022, Covenant Christian Academy employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covenant Christian Academy 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 Christian Academy generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $3.1m during the year ending 06/2022. While expenses have increased by 0.3% 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 ASSIST CHRISTIAN PARENTS IN THE EDUCATION OF THEIR CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COVENANT ACADEMY OPERATES A SCHOOL FROM A CHRISTIAN PERSPECTIVE, SERVING APPROXIMATELY 319 STUDENTS IN GRADES K-3 THROUGH 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marni Farr Bd. Dir & Ki | Trustee | 30 | $33,378 |
Ta White Director & T | Trustee | 25 | $28,610 |
Laura Sims Director & T | Trustee | 40 | $27,809 |
Richard Brown Chairman | OfficerTrustee | 6 | $0 |
Julie Carter Director | Trustee | 1 | $0 |
Brian Everett Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $304,718 |
| All other contributions, gifts, grants, and similar amounts not included above | $163,342 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $468,060 |
| Total Program Service Revenue | $2,580,171 |
| Investment income | $143 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$48,962 |
| Net Income from Fundraising Events | $62,192 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,061,604 |
| 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 | $1,835,537 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $109,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,747 |
| Fees for services: Accounting | $11,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,978 |
| Office expenses | $8,493 |
| Information technology | $9,534 |
| Royalties | $0 |
| Occupancy | $239,712 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $198,951 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $172,268 |
| Insurance | $43,290 |
| All other expenses | $158,775 |
| Total functional expenses | $3,056,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $525,353 |
| Savings and temporary cash investments | $196,098 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,823 |
| 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 | $3,592 |
| Net Land, buildings, and equipment | $4,111,409 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,800 |
| Other assets | $259,394 |
| Total assets | $5,179,469 |
| Accounts payable and accrued expenses | $229,038 |
| Grants payable | $0 |
| Deferred revenue | $520,011 |
| 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 | $5,385,752 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,134,801 |
| Net assets without donor restrictions | -$1,096,315 |
| Net assets with donor restrictions | $140,983 |
| 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 | $5,179,469 |