Colleyville Covenant Christian Academy
- Assets
- $26.0m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 188
- Location
- Colleyville, TX
- Founding
- 04/1996
- Data as of
- 07/2023
- EIN
- 75-2623331
Organization Overview
Colleyville Covenant Christian Academy is located in Colleyville, 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 07/2023, Colleyville Covenant Christian Academy employed 188 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colleyville 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 07/2023, Colleyville Covenant Christian Academy generated $10.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $10.0m during the year ending 07/2023. While expenses have increased by 2.6% per year over the past 6 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
THE CHRISTIAN EDUCATION OF CHILDREN AGES THREE THROUGH EIGHTEEN
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PROGRAM SERVICE IS THE EDUCATION OF CHILDREN THREE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Ganaway Chairman | Trustee | 10 | $0 |
S Barfknecht Trustee | Trustee | 0 | $0 |
Chris Orona Trustee | Trustee | 0 | $0 |
Jon Dostert Trustee | Trustee | 0 | $0 |
Sarah Startti Trustee | Trustee | 0 | $0 |
David Stroman Trustee | Trustee | 0 | $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 | $914,234 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $914,234 |
| Total Program Service Revenue | $9,504,988 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,419,222 |
| 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 | $5,027,183 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $255,756 |
| Payroll taxes | $384,129 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,013,540 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $235,218 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,307,355 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,994,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,625,821 |
| Savings and temporary cash investments | $3,555,952 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,878,083 |
| 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 | $136,235 |
| Net Land, buildings, and equipment | $13,836,354 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,032,445 |
| Accounts payable and accrued expenses | $304,293 |
| Grants payable | $0 |
| Deferred revenue | $9,980,464 |
| 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 | $5,289,892 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,574,649 |
| Net assets without donor restrictions | $9,265,136 |
| Net assets with donor restrictions | $1,192,660 |
| 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 | $26,032,445 |