Covenant Christian Academy
- Assets
- $5.1m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 65
- Location
- Mcallen, TX
- Founding
- 06/1996
- Data as of
- 06/2023
- EIN
- 74-2739053
Organization Overview
Covenant Christian Academy is located in Mcallen, TX. The organization was established in 1996. 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, Covenant Christian Academy employed 65 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 06/2023, Covenant Christian Academy generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $2.2m during the year ending 06/2023. 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
OPERATION OF A NON-PROFIT SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL OPERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kare Opaneye Member | Trustee | 3 | $0 |
Kimberly Gonzalez Member | Trustee | 3 | $0 |
Adrian Alonzo Member | Trustee | 3 | $0 |
Antonio Correa Vice-President | Trustee | 3 | $0 |
Martha Arias Secretary | Trustee | 3 | $0 |
Joel Garcia Treasurer | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $230,025 |
| All other contributions, gifts, grants, and similar amounts not included above | $200,056 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $430,081 |
| Total Program Service Revenue | $1,763,372 |
| Investment income | $21,481 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,760 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $235,184 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $19,886 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,534,324 |
| 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 | $1,104,013 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $101,505 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,727 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,306 |
| Advertising and promotion | $60 |
| Office expenses | $17,391 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $194,604 |
| Travel | $3,537 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,183 |
| Interest | $39,819 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,933 |
| Insurance | $133,605 |
| All other expenses | $149,311 |
| Total functional expenses | $2,187,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,376,788 |
| 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 | $18,035 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,682,318 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,077,141 |
| Accounts payable and accrued expenses | $56,219 |
| Grants payable | $0 |
| Deferred revenue | $272,156 |
| 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 | $669,444 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $997,819 |
| Net assets without donor restrictions | $3,904,322 |
| Net assets with donor restrictions | $175,000 |
| 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 | $5,077,141 |