Covenant Classical School
- Assets
- $21.4m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 96
- Location
- Fort Worth, TX
- Founding
- 12/1999
- Data as of
- 07/2021
- EIN
- 75-2821065
Organization Overview
Covenant Classical School is located in Fort Worth, TX. The organization was established in 1999. 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 07/2021, Covenant Classical School employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covenant Classical 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 07/2021, Covenant Classical School generated $9.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $6.3m during the year ending 07/2021. While expenses have increased by 6.5% 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
TO TRAIN OUR STUDENTS TO LIVE AND THINK ACCORDING TO A BIBLICAL, CHRIST-CENTERED WORLDVIEW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE K-12 PRIVATE CLASSICAL SCHOOL EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Cook Ex Officio Head Of School | Trustee | 40 | $182,346 |
Will Pickett Treasurer | OfficerTrustee | 10 | $0 |
Laura Jageman Secretary | OfficerTrustee | 10 | $0 |
Ben Cowan Board President | OfficerTrustee | 10 | $0 |
Drdavid Capper Member | Trustee | 10 | $0 |
Doug Briley Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,654 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,632,385 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,649,039 |
| Total Program Service Revenue | $5,055,753 |
| Investment income | $349 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $89,318 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,452,870 |
| 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. | $210,000 |
| Compensation of current officers, directors, key employees. | $52,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,520,025 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $438,811 |
| Payroll taxes | $280,760 |
| Fees for services: Management | $33,445 |
| 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 | $161,149 |
| Advertising and promotion | $26,662 |
| Office expenses | $251,502 |
| Information technology | $46,072 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $65,349 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $74,915 |
| All other expenses | $202,059 |
| Total functional expenses | $6,307,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,013 |
| Savings and temporary cash investments | $6,796,270 |
| Pledges and grants receivable | $2,319,694 |
| Accounts receivable, net | $60,277 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $763 |
| Prepaid expenses and deferred charges | $67,908 |
| Net Land, buildings, and equipment | $11,929,377 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,320 |
| Total assets | $21,414,622 |
| Accounts payable and accrued expenses | $1,115,587 |
| Grants payable | $0 |
| Deferred revenue | $3,357,171 |
| 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 | $1,297,152 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,769,910 |
| Net assets without donor restrictions | $7,778,486 |
| Net assets with donor restrictions | $7,866,226 |
| 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 | $21,414,622 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Covenant Classical School has recieved totaling $262,803.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $126,780 |
William M Fuller Foundation Midland, TX PURPOSE: TO FURTHER CHARITABLE PURPOSE. | $50,000 |
John And Maurine Cox Foundation Midland, TX PURPOSE: UNRESTRICTED | $30,000 |
Gilmer Bennett Family Foundation Fort Worth, TX PURPOSE: TO BE USED IN AREA OF NEED FOR CAPITAL CAMPAIGN | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $20,000 |
Thomas M & Helen Mckee & John P Ryan Foundation Inc Fort Worth, TX PURPOSE: THE CARITAS CLUB | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Academies Of New Orleans Inc New Orleans, LA | $3,607,282 | $19,811,905 |
Varnett Schools Inc Houston, TX | $25,630,579 | $16,355,176 |
The Emery-Weiner Center For Jewish Education Houston, TX | $36,882,077 | $18,976,630 |
Sandia School Albuquerque, NM | $27,571,490 | $14,904,182 |
French & Montessori Education Inc New Orleans, LA | $8,632,060 | $13,354,447 |
Fort Bend Christian Academy Sugar Land, TX | $31,881,778 | $16,006,683 |
The Lamplighter School Dallas, TX | $61,812,607 | $20,667,782 |
Arise Academy New Orleans, LA | $3,784,290 | $13,860,913 |
Ser Ninos Inc Houston, TX | $64,261,169 | $15,924,628 |
San Antonio Academy Of Texas San Antonio, TX | $49,529,781 | $8,875,317 |
Conservative Jewish Day School Of Dallas Inc Dallas, TX | $20,121,364 | $11,313,522 |
Hope Christian Schools Inc Albuquerque, NM | $37,299,109 | $13,469,173 |