Covenant Academy FY2023 filing

Tax-deductible

Cypress, TX501(c)(3)Since 2003EducationEIN 30-0152850Revenue $2.3M in FY2023

On file with the IRScovenantcypress.org11711 Telge Rd, 77429-3795 · Cypress, TXTax-exempt since Oct 2003School — 170(b)(1)(A)(ii)

This page gets seen. Tell your story. Claim this org.

Covenant Academy, a classical christian school, exists to serve christ and his kingdom by sharing the gospel and partnering with parents to train pre-k to 12 students by way of scripture and the classical liberal arts.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$84K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $110K a year · 5% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$84K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $25K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$791K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
+16% vs prior year
Spent
$2.3M
To programs
91%
Net assets
$2.4M
By yearFY2020–FY2025
Revenue
$2.3M
FY2023▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$2.0M
FY2022$2.0M
FY2023$2.3M
FY2024$2.7M
FY2025$3.0M
Expenses
$2.3M
FY2023▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.9M
FY2021$1.8M
FY2022$2.2M
FY2023$2.3M
FY2024$3.0M
FY2025$3.1M
Net assets
$2.4M
FY2023▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.5M
FY2021$2.7M
FY2022$2.5M
FY2023$2.4M
FY2024$2.1M
FY2025$2.0M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $2.1M Management & general 9% · $207K Fundraising 0% · $8K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

6 people listed on the 990; $84K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Head of Scho
$84,086Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Leslie Collins’s $88K as Head of Scho is at the 23rd 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Leslie Collins$87,842$85,147$84,086$81,234$81,302$87,609
Rob Grooms$1,000$750————

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 Covenant Academy executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates pre-K to 12 students using classical Christian principles and the liberal arts.

Questions for Covenant Academy

Tap to ask. Covenant Academy sees how many people are interested.

Your first name shows with your question. Covenant Academy answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $2.1M · in their own filed words · FY2022
01

Covenant academy (ca) is a classical christian school for students in grades pre-k through 12; 167 students were enrolled in the 2022-2023 school year in these grades. Ca serves christ and his kingdom by sharing the gospel and partnering with parents to train students by way of scripture and the classical liberal arts.

$2.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$25K
Grants paid · 26 grants · $922K · 2019–2024
Unitemized GrantFY2024$139,538
Unitemized GrantFY2024$49,827
Unitemized GrantFY2024$22,203
Unitemized GrantFY2024$4,537
Unitemized GrantFY2024$2,350
Unitemized GrantFY2024$1,350
Unitemized GrantFY2023$122,380
Unitemized GrantFY2023$26,220
Unitemized GrantFY2023$22,453
Unitemized GrantFY2023$10,000
Unitemized GrantFY2023$10,000
Unitemized GrantFY2023$4,556
Unitemized GrantFY2023$650
Unitemized GrantFY2022$100,000
Unitemized GrantFY2022$10,670
Unitemized GrantFY2022$4,000
Unitemized GrantFY2022$500
Unitemized GrantFY2021$104,550
See all 26 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Fees for servicesLn 2g$2.0M
Gifts and grantsLn 1h$230K
Other incomeLn 4–11$16K
Money outPt IX
$2.3M
Ln 25
Programscol B$2.1M
Managementcol C$207K
Fundraisingcol D$8K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$845K
Total assetsLn 16$3.2M
LiabilitiesLn 26$791K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$230K
Fundraising eventsLn 1c$76K
Fees for servicesLn 2g$2.0M
Investment incomeLn 3$9K
Other incomeLn 4–11$16K
Gains on assetsLn 7$413
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$297K
SavingsLn 2$548K
Cash and savings togetherLn 1–2$845K
InvestmentsLn 11–13$24K
Land, buildings, equipmentLn 10c$2.3M
Total assetsLn 16$3.2M
LiabilitiesLn 26$791K
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 546
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$736K$845K
InvestmentsLn 11–13$23K$24K
Land, buildings, equipmentLn 10c$2.4M$2.3M
Total assetsLn 16$3.2M$3.2M
LiabilitiesLn 26$658K$791K
Net assetsLn 32$2.5M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$115K$115K
Pay of current officers, directors and key staffLn 5$114K$91K$22K$1K
Other salaries and wagesLn 7$1.3M$1.3M$39K$2K
Other employee benefitsLn 9$41K$33K$8K$407
Payroll taxesLn 10$103K$100K$3K$162
Legal feesLn 11b$425$340$81$4
Accounting feesLn 11c$55K$55K
Advertising and promotionLn 12$11K$9K$2K$111
Office expensesLn 13$48K$38K$9K$477
Information technologyLn 14$22K$17K$4K$219
OccupancyLn 16$166K$133K$32K$2K
TravelLn 17$4K$4K
Conferences, conventions and meetingsLn 19$35K$28K$7K$345
InterestLn 20$4K$3K$784$41
Depreciation, depletion and amortizationLn 22$95K$76K$18K$953
InsuranceLn 23$38K$31K$7K$383
Other expenses (24a–d)Ln 24$184K$184K
Total functional expensesLn 25$2.3M$2.1M$207K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.0M$3.1M−$109K$2.0M 990 PDF
FY2024 $2.7M$3.0M−$288K$2.1M 990 PDF
FY2023 Viewing $2.3M$2.3M−$58K$2.4M 990 PDF
FY2022 $2.0M$2.2M−$182K$2.5M 990 PDF
FY2021 $2.0M$1.8M$165K$2.7M 990 PDF
FY2020 $1.7M$1.9M−$191K$2.5M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $2,289,533 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $201,463$230,189
I-9 Program service revenuePrior year $1,756,808$2,035,135
I-10 Investment incomePrior year $1,759$8,573
I-11 Other revenuePrior year $13,542$15,636
I-12 Total revenuePrior year $1,973,572$2,289,533
I-13 Grants and similar amounts paidPrior year $121,680$115,470
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,422,648$1,569,305
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $610,820$662,314
I-18 Total expensesPrior year $2,155,148$2,347,089
I-19 Revenue less expensesPrior year −$181,576−$57,556
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,289,533 across 8 lines filed
VIII-1c Fundraising events$75,880
VIII-1f All other contributions, gifts and grants$154,309
VIII-1h Total contributions, gifts and grants$230,189
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,035,135$2,035,135
VIII-3 Investment incomeRelated to mission $8,160$8,160
VIII-7 Net gain or loss on sales of assetsRelated to mission $413$413
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $15,636$15,636
VIII-12 Total revenueRelated to mission $2,059,344$2,289,533
Part IX · Statement of functional expenses $2,347,089 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $115,470$115,470
IX-5 Pay of current officers, directors and key staffPrograms $91,271 · Management $21,677 · Fundraising $1,141$114,089
IX-7 Other salaries and wagesPrograms $1,270,249 · Management $39,369 · Fundraising $2,072$1,311,690
IX-9 Other employee benefitsPrograms $32,571 · Management $7,736 · Fundraising $407$40,714
IX-10 Payroll taxesPrograms $99,564 · Management $3,086 · Fundraising $162$102,812
IX-11b Legal feesPrograms $340 · Management $81 · Fundraising $4$425
IX-11c Accounting feesManagement $55,027$55,027
IX-12 Advertising and promotionPrograms $8,883 · Management $2,110 · Fundraising $111$11,104
IX-13 Office expensesPrograms $38,153 · Management $9,061 · Fundraising $477$47,691
IX-14 Information technologyPrograms $17,490 · Management $4,154 · Fundraising $219$21,863
IX-16 OccupancyPrograms $132,705 · Management $31,518 · Fundraising $1,659$165,882
IX-17 TravelPrograms $3,970$3,970
IX-19 Conferences, conventions and meetingsPrograms $27,616 · Management $6,559 · Fundraising $345$34,520
IX-20 InterestPrograms $3,300 · Management $784 · Fundraising $41$4,125
IX-22 Depreciation, depletion and amortizationPrograms $76,241 · Management $18,107 · Fundraising $953$95,301
IX-23 InsurancePrograms $30,676 · Management $7,286 · Fundraising $383$38,345
IX-24 Other expenses (24a–d)Programs $184,061$184,061
IX-25 Total functional expensesPrograms $2,132,560 · Management $206,555 · Fundraising $7,974$2,347,089
Part X · Balance sheet $3,225,297 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $166,629$297,266
X-2 Savings and temporary cash investmentsStart of year $569,620$547,851
X-4 Accounts receivableStart of year $14,200$13,381
X-9 Prepaid expenses and deferred chargesStart of year $18,773$8,753
X-10c Land, buildings and equipment, netStart of year $2,358,105$2,334,503
X-11 Publicly traded securitiesStart of year $22,829$23,543
X-16 Total assetsStart of year $3,150,156$3,225,297
X-17 Accounts payable and accrued expensesStart of year $50,689$18,715
X-19 Deferred revenueStart of year $457,020$623,383
X-24 Unsecured notes and loans payableStart of year $150,000$148,936
X-26 Total liabilitiesStart of year $657,709$791,034
X-27 Net assets without donor restrictionsStart of year $2,489,506$2,284,427
X-28 Net assets with donor restrictionsStart of year $2,941$149,836
X-32 Total net assets or fund balancesStart of year $2,492,447$2,434,263
X-33 Total liabilities and net assetsStart of year $3,150,156$3,225,297
Part XI · Reconciliation of net assets $2,434,263 net assets at year end
XI-1 Total revenue$2,289,533
XI-2 Total expenses$2,347,089
XI-3 Revenue less expenses−$57,556
XI-4 Net assets at start of year$2,492,447
XI-5 Net unrealized gains (losses) on investments−$628
XI-10 Net assets at end of year$2,434,263

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.