Covenant Knights School
- Assets
- $65.4m
- Revenue
- $15.7m
- Investments
- $0.0
- Employees
- 177
- Location
- Dallas, TX
- Founding
- 08/1997
- Data as of
- 06/2021
- EIN
- 75-2642656
Organization Overview
Covenant Knights School is located in Dallas, TX. The organization was established in 1997. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Covenant Knights School employed 177 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covenant Knights 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 06/2021, Covenant Knights School generated $15.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $13.3m during the year ending 06/2021. While expenses have increased by 7.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE COVENANT SCHOOL EXISTS TO GLORIFY GOD BY EQUIPPING STUDENTS WITH THE TOOLS NECESSARY TO PURSUE A LIFETIME OF LEARNING SO THAT THEY MAY DISCERN, REASON, AND DEFEND TRUTH IN SERVICE TO OUR LORD, JESUS CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENANT KNIGHT SCHOOL BEGAN THE YEAR WITH 683 STUDENTS. A CURRICULUM AND COURSE OF STUDY WAS CONTINUED FOR GRADES K THROUGH 12, INCLUDING REGULAR GRADING AND TESTING PERIODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Koerner Sustaining Member | Trustee | 5 | $0 |
Allan Koenig Admissions Communications | Trustee | 2 | $0 |
Tony Long Personnel | Trustee | 2 | $0 |
Gregg Hodges M D Sustaining Member | Trustee | 2 | $0 |
Eliot Kerlin Chairman | Trustee | 5 | $0 |
Amy Anderson Vice Chairperson | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,735,596 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $601,862 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,337,458 |
| Total Program Service Revenue | $11,825,838 |
| Investment income | $28,198 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,327 |
| Net Income from Fundraising Events | $330,378 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,652,987 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,229,817 |
| 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 | $6,201,075 |
| Pension plan accruals and contributions | $194,119 |
| Other employee benefits | $1,023,204 |
| Payroll taxes | $451,337 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,691 |
| Fees for services: Accounting | $51,146 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $135,464 |
| Office expenses | $15,886 |
| Information technology | $12,294 |
| Royalties | $0 |
| Occupancy | $196,675 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,004,488 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,052,346 |
| Insurance | $135,672 |
| All other expenses | $513 |
| Total functional expenses | $13,334,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,591,277 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,682 |
| 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 | $69,641 |
| Net Land, buildings, and equipment | $31,545,561 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,203,984 |
| Total assets | $65,440,145 |
| Accounts payable and accrued expenses | $7,337,961 |
| Grants payable | $0 |
| Deferred revenue | $5,439,194 |
| 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 | $12,139,203 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,961,135 |
| Total liabilities | $39,877,493 |
| Net assets without donor restrictions | $22,042,798 |
| Net assets with donor restrictions | $3,519,854 |
| 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 | $65,440,145 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Covenant Knights School has recieved totaling $694,927.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $248,100 |
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX PURPOSE: GENERAL SUPPORT | $158,333 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $143,637 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $92,734 |
Greater Houston Community Foundation Houston, TX PURPOSE: EDUCATIONAL | $50,000 |
Metcalf Foundation Dallas, TX PURPOSE: GENERAL SUPPORT | $1,445 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Austin Achieve Public Schools Inc Austin, TX | $59,873,760 | $31,154,261 |
National Math And Science Initiative Inc Dallas, TX | $26,216,573 | $26,013,416 |
Wayside Schools Austin, TX | $44,220,999 | $24,827,897 |
Arkansas Connections Academy Inc Bentonville, AR | $3,114,083 | $20,599,824 |
Heritage Hall Oklahoma City, OK | $29,893,924 | $20,863,460 |
Austin Trinity School Austin, TX | $48,197,793 | $16,908,197 |
Arlington Classics Academy Arlington, TX | $32,317,939 | $15,087,121 |
Northlake Christian School Covington, LA | $15,559,549 | $15,961,975 |
Texas Coalition For Animal Protection Fort Worth, TX | $9,140,859 | $14,917,183 |
Covenant Knights School Dallas, TX | $65,440,145 | $15,652,987 |
Compass Academy Charter School Inc Odessa, TX | $45,382,353 | $13,322,993 |
Oklahoma Connections Academy Inc Bartlesville, OK | $2,156,539 | $12,078,246 |