Form 990 for tax year 2024
Filed by COVENANT PREPARATORY SCHOOL INC.
Totals
- Total revenue
- $930,389
- Total expenses
- $1,070,830
- Contributions and grants received
- $913,354
- Grants paid
- $43,261
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $17,035
- Total assets, end of year
- $100,302
- Total liabilities, end of year
- $27,554
- Net assets or fund balances, end of year
- $72,748
- Program services expenses (Part IX)
- $796,659
- Management and general expenses
- $238,801
- Fundraising expenses
- $35,370
- Program service expenses (Part III)
- $796,659
Program services were 74.4% 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
$324,207
-
1f · All other contributions, gifts and grants
$589,147
-
8a · Fundraising events: gross income
$71,920
-
8a · Fundraising events: contributions included on line 1c
$324,207
-
8b · Fundraising events: direct expenses
$68,026
-
8c · Net income from fundraising events
total $3,894 · excluded $3,894
-
11d · All other revenue
total $13,141 · excluded $13,141
-
11e · Other revenue, total
$13,141
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $43,261 · program services $43,261
-
6 · Compensation of disqualified persons
total $90,967 · program services $63,677 · management and general $22,742 · fundraising $4,548
-
7 · Other salaries and wages
total $544,708 · program services $381,296 · management and general $136,177 · fundraising $27,235
-
9 · Other employee benefits
total $18,201 · program services $12,741 · management and general $4,550 · fundraising $910
-
10 · Payroll taxes
total $53,542 · program services $37,479 · management and general $13,386 · fundraising $2,677
-
11c · Fees: accounting
total $54,561 · program services $38,193 · management and general $16,368
-
13 · Office expenses
total $41,290 · program services $28,903 · management and general $12,387
-
16 · Occupancy
total $80,664 · program services $60,498 · management and general $20,166
-
22 · Depreciation, depletion and amortization
total $8,663 · program services $6,497 · management and general $2,166
-
23 · Insurance
total $43,437 · program services $32,578 · management and general $10,859
-
24a · Other expenses: EDUCATIONAL PROGRAMMING
total $50,481 · program services $50,481
-
24b · Other expenses: EXTRACURRICULAR
total $27,606 · program services $27,606
-
24c · Other expenses: TRANSPORTATION
total $9,026 · program services $9,026
-
24d · Other expenses: ADMISSIONS & GRADUATE S
total $4,423 · program services $4,423
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $150,494 · end of year $55,179
-
3 · Pledges and grants receivable
beginning of year $10,791 · end of year $0
-
4 · Accounts receivable
beginning of year $11,484 · end of year $198
-
9 · Prepaid expenses and deferred charges
beginning of year $1,972 · end of year $6,212
-
10a · Land, buildings and equipment: cost or other basis
$240,957
-
10b · Land, buildings and equipment: accumulated depreciation
$225,771
-
10c · Land, buildings and equipment, net
beginning of year $18,382 · end of year $15,186
-
15 · Other assets
beginning of year $128,145 · end of year $23,527
-
17 · Accounts payable and accrued expenses
beginning of year $9,009 · end of year $9,219
-
25 · Other liabilities
beginning of year $133,281 · end of year $18,335
-
27 · Net assets without donor restrictions
beginning of year $46,330 · end of year -$20,311
-
28 · Net assets with donor restrictions
beginning of year $132,648 · end of year $93,059
Mission and programs · 2024
Mission
TO PROVIDE YOUNG MEN FROM UNDERSERVED COMMUNITIES THE FOUNDATION REQUIRED TO SUCCESSFULLY PURSUE HIGHER EDUCATION, TO DEVELOP THE STRENGTH OF THEIR CHARACTER AND TO INSPIRE THEM TO LIVE WITH INTEGRITY AS LEADERS COMMITTED TO THEIR COMMUNITIES
-
THE ORGANIZATION HAS ESTABLISHED A TUITION-FREE MIDDLE SCHOOL FOR BOYS FROM UNDERSERVED COMMUNITIES IN THE HARTFORD, CT AREA. THE INITIAL YEAR BEGAN IN SEPTEMBER 2008. THE SCHOOL SERVES APPROXIMATELY 55 BOYS AT THE FIFTH THROUGH EIGHTH GRADE LEVELS.
Expenses $796,659 · Grants $43,261
As filed on the 2024 return.
Listed in Part VII
-
Mark BertolamiMARK BERTOLAMI
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Keith J HubertKEITH J HUBERT
CO-CHAIR & AUDIT CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
James W BergennJAMES W BERGENN
GOVERNANCE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Beth A ThurzBETH A THURZ
FINANCE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Donato MonacoDONATO MONACO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Carmen SierraCARMEN SIERRA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael ChaseMICHAEL CHASE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Daniel ClarkDANIEL CLARK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jane DigelJANE DIGEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
George GilbertGEORGE GILBERT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David IngramDAVID INGRAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Cherita McIntyeCHERITA MCINTYE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gina MortimerGINA MORTIMER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brandon PirusBRANDON PIRUS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David ShilbergDAVID SHILBERG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Harris SimonsHARRIS SIMONS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth StewartELIZABETH STEWART
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David WoodsDAVID WOODS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
McKoy NicholMCKOY NICHOL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jaylen BerryJAYLEN BERRY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Clarissa HerediaCLARISSA HEREDIA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Terence ShieldsTERENCE SHIELDS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
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
- 2024
- Filed
- 15 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202611359349302671
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