Is it real?
Yes. Exemption reinstated (2012-11-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Sep 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
89 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
6 people listed on the 990; $276K paid to officers and key staff (Part VII, Section A).
Brian P Smith’s $68K as President is at the 13th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Amy Smith | $64,948 | $74,713 | $70,741 | $79,330 | $65,000 | $45,050 |
| Brian Smith | — | $69,085 | $65,338 | $43,434 | $40,000 | $60,050 |
| Brian P Smith | $68,028 | — | — | — | — | — |
| John S Eibel | $5,192 | — | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Grace Covenant Academy executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Equips Christian parents to teach children gospel-centered academics, fostering love for God and sharing His truth globally.
Questions for Grace Covenant Academy
Your first name shows with your question. Grace Covenant Academy answers here, for everyone.
Provides academic instruction and classroom education services to enrolled students, including core curriculum & instructional support.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-0533151) · Dispute this lineProvides academic instruction and classroom education services to enrolled students, including core curriculum & instructional support.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-0533151) · Dispute this lineProvides extracurricular and student enrichment programs, including athletics, student activities, field trips, & supplemental educational programs that support student development and enhance the educational experience.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-0533151) · Dispute this lineProvides extracurricular and student enrichment programs, including athletics, student activities, field trips, & supplemental educational programs that support student development and enhance the educational experience.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-0533151) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024Filed with the IRS Apr 16, 2025 | $1.4M | $1.4M | −$39K | $124K | 990 PDF |
| FY2023Filed with the IRS Mar 15, 2024 | $1.4M | $1.4M | $30K | $163K | 990 PDF |
| FY2022Filed with the IRS Apr 19, 2023 | $1.1M | $1.0M | $108K | $76K | 990 PDF |
| FY2021Filed with the IRS Mar 22, 2022 | $906K | $840K | $66K | $79K | 990 PDF |
| FY2020Filed with the IRS Mar 22, 2022 | $862K | $848K | $14K | $13K | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part VI · Governance 0 of 3 board members independent, 3 to look at
Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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