Form 990 for tax year 2023
Filed by COVENANT CHRISTIAN SCHOOLS OF INDIANAPOLIS INC.
Totals
- Total revenue
- $6,517,120
- Total expenses
- $6,130,795
- Contributions and grants received
- $391,171
- Grants paid
- $262,911
- Program service revenue
- $6,042,784
- Investment income
- $114,356
- Other revenue
- -$31,191
- Total assets, end of year
- $9,050,195
- Total liabilities, end of year
- $1,166,435
- Net assets or fund balances, end of year
- $7,883,760
- Program services expenses (Part IX)
- $5,004,601
- Management and general expenses
- $862,975
- Fundraising expenses
- $263,219
- Program service expenses (Part III)
- $5,004,601
Program services were 81.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$6,000
-
1e · Government grants (contributions)
$66,665
-
1f · All other contributions, gifts and grants
$318,506
-
1g · Noncash contributions included above
$41,893
-
2a · Program service revenue: Tuition & fees
total $5,498,446 · related or exempt $5,498,446
-
2b · Program service revenue: Auxiliary revenue
total $544,338 · related or exempt $544,338
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $131,348 · excluded $131,348
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
other assets $0
-
7b · Less cost or other basis and sales expenses
other assets $16,992
-
7c · Gain or loss
securities $0 · other assets -$16,992
-
7d · Net gain or loss
total -$16,992 · excluded -$16,992
-
8a · Fundraising events: contributions included on line 1c
$6,000
-
8b · Fundraising events: direct expenses
$31,191
-
8c · Net income from fundraising events
total -$31,191 · excluded -$31,191
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $262,911 · program services $262,911
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $326,051 · program services $259,316 · management and general $51,235 · fundraising $15,500
-
7 · Other salaries and wages
total $3,066,461 · program services $2,438,830 · management and general $481,859 · fundraising $145,772
-
8 · Pension plan contributions
total $32,325 · program services $25,833 · management and general $4,748 · fundraising $1,744
-
9 · Other employee benefits
total $348,871 · program services $279,307 · management and general $49,369 · fundraising $20,195
-
10 · Payroll taxes
total $248,420 · program services $198,124 · management and general $38,090 · fundraising $12,206
-
11b · Fees: legal
total $7,266 · management and general $7,266
-
11c · Fees: accounting
total $70,850 · management and general $70,850
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $57,319 · management and general $57,319
-
13 · Office expenses
total $95,446 · program services $42,123 · management and general $53,323
-
14 · Information technology
total $129,437 · program services $124,579 · management and general $4,858
-
16 · Occupancy
total $388,142 · program services $369,353 · management and general $18,789
-
17 · Travel
total $6,167 · program services $5,859 · management and general $308
-
19 · Conferences, conventions and meetings
total $14,426 · program services $14,426
-
22 · Depreciation, depletion and amortization
total $342,088 · program services $324,984 · management and general $17,104
-
23 · Insurance
total $39,283 · program services $31,426 · management and general $7,857
-
24a · Other expenses: Athletic supplies
total $141,048 · program services $141,048
-
24b · Other expenses: Instructional expenses
total $194,472 · program services $194,472
-
24c · Other expenses: Student activities
total $125,625 · program services $125,625
-
24e · All other expenses
total $234,187 · program services $166,385 · management and general $0 · fundraising $67,802
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $502,212 · end of year $499,366
-
2 · Savings and temporary cash investments
beginning of year $1,599,659 · end of year $1,645,375
-
3 · Pledges and grants receivable
beginning of year $1,358,212 · end of year $1,358,212
-
4 · Accounts receivable
beginning of year $25,810 · end of year $10,928
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $145,665 · end of year $216,511
-
10a · Land, buildings and equipment: cost or other basis
$11,590,105
-
10b · Land, buildings and equipment: accumulated depreciation
$6,754,896
-
10c · Land, buildings and equipment, net
beginning of year $4,376,256 · end of year $4,835,209
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
beginning of year $398,459 · end of year $420,088
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $64,506
-
17 · Accounts payable and accrued expenses
beginning of year $410,835 · end of year $663,584
-
19 · Deferred revenue
beginning of year $472,535 · end of year $482,862
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0
-
25 · Other liabilities
beginning of year $25,468 · end of year $19,989
-
27 · Net assets without donor restrictions
beginning of year $6,879,864 · end of year $7,216,293
-
28 · Net assets with donor restrictions
beginning of year $617,571 · end of year $667,467
Mission and programs · 2023
Mission
The School's objective is to provide an excellent, Christ-centered education, equipping students for a life of scholarship, leadership, and service.
Activities or mission (Part I)
Christ-centered education equipping students for a life of scholarship, leadership & service.
-
Covenant Christian Schools of Indianapolis, Inc. (School) is a nonprofit religious/educational organization whose objective is to provide an excellent, Christ-centered education, equipping students for a life of scholarship, leadership and service. In a city filled with outstanding school choices, Covenant's distinction hinges on three major aspects: our teachers, our curriculum, and our commitment to serve the Indianapolis community. Our credo summarizes these ideas well, "minds enlightened, hearts inflamed, lives transformed". Vital to a Covenant education, our teachers live out this motto as they strive to both enlighten students' minds and inflame their hearts in an effort to transform their lives. Teachers are committed to helping these students flourish as complete human beings, mentoring them in and out of school. In the classroom, students are trained to think critically and ask questions about all of life, from music to mathematics, art to archeology. Covenant challenges students to not only understand their world, but to engage that world and impact it. The School is a member of the Indiana Non-Public Education Association and the Association of Christian Schools International (ACSI). The School received the designation of Exemplary Accreditation by the ACSI on March 10, 2022 and is also accredited by Advanced Ed, and by the Indiana Department of Education as an Indiana Freeway School. The school provided education to 370 (FT) and 1 (PT) domestic and 5 (FT) and 0 (PT) international students during the 2023-2024 school year.
Expenses $5,004,601 · Grants $262,911 · Revenue $6,042,784
As filed on the 2023 return.
Listed in Part VII
-
Matt Heuss
Board Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Max Hudspeth
Board Treasurer
- Total calculated
- $0
- Hours/week
- 4
-
Michael Twyman
Board Chair
- Total calculated
- $0
- Hours/week
- 4
-
Anastasia Sturm
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Brent Freeman
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Javier Calderon
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Lisa Coleman
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Mark Swearingen
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Roc Byrd
Board Member (part year)
- Total calculated
- $0
- Hours/week
- 1
-
Andrew Goodwin
President
- Total calculated
- $134,173
- From this org
- $124,876
- From related orgs
- $0
- Other
- $9,297
- Hours/week
- 40
-
Donald Fishburn
Chief Operating Officer
- Total calculated
- $105,918
- From this org
- $96,289
- From related orgs
- $0
- Other
- $9,629
- Hours/week
- 40
-
Julie Foust
Assistant Treasurer
- Total calculated
- $62,525
- From this org
- $61,240
- From related orgs
- $0
- Other
- $1,285
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530719349301583
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