Covenant Community School INC FY2022 filing

Tax-deductible

Gastonia, NC501(c)(3)EducationEIN 45-1620113Revenue $205K in FY2022

On file with the IRScovenantcommunitypreschool.com3415 Union Rd, 28056-7051 · Gastonia, NCTax-exempt since Jan 2014School — 170(b)(1)(A)(ii)

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

Covenant Community School, INC. Is a charitable Community service organization whose mission is to provide a christ centered preschool experience ministering to children and their families.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$41K 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

FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $2K a year · 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$41K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 2 voting members
Fine: 1 of 2 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$205K
-11% vs prior year
Spent
$213K
To programs
84%
Net assets
$89K
By yearFY2020–FY2024
Revenue
$205K
FY2022▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$194K
FY2021$231K
FY2022$205K
FY2023$171K
FY2024$159K
Expenses
$213K
FY2022▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$178K
FY2021$206K
FY2022$213K
FY2023$196K
FY2024$177K
Net assets
$89K
FY2022▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$73K
FY2021$98K
FY2022$89K
FY2023$64K
FY2024$46K

From the FY2022 Form 990 · see the original

Give Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2014.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $180K Management & general 16% · $33K

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

2 people listed on the 990; $41K paid to officers and key staff.

Part VII, Section A · reportable compensation
$41,280Pt VII · Sec A
Chairman
$0Pt VII · Sec A

Lynda Williams’s $43K as Director is at the 33rd percentile of top reported officer pay among 1613 $100K–1M 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Lynda Williams$42,504$42,462$41,280$40,559$40,699

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 Community School INC 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 15aYes

Programs and updates

Offers Christ-centered preschool experiences for children and their families.

Questions for Covenant Community School INC

Tap to ask. Covenant Community School INC sees how many people are interested.

Your first name shows with your question. Covenant Community School INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $180K · in their own filed words · FY2022
01

Youth Development

Covenant community school is committed to nurturing the potential of every child. We are serving a diverse population of pre-school children in gaston county, n. C. The school strives for excellence to meet the qualifications of a high quality christ centered early childhood experience.

$180Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$205K
Ln 12
Fees for servicesLn 2g$198K
Other incomeLn 4–11$5K
Gifts and grantsLn 1h$2K
Money outPt IX
$213K
Ln 25
Programscol B$180K
Managementcol C$33K
Owns and owesPt X
$89K
net assets · Ln 32
Cash and savingsLn 1–2$99K
Total assetsLn 16$99K
LiabilitiesLn 26$10K
PeoplePt VI, VII
2
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Fees for servicesLn 2g$198K
Other incomeLn 4–11$5K
Total revenueLn 12$205K
Assets in detailPt X, end of year
CashLn 1$99K
Cash and savings togetherLn 1–2$99K
Total assetsLn 16$99K
LiabilitiesLn 26$10K
Net assetsLn 32$89K
OperationsPt I, VI
EmployeesI 524
VolunteersI 675
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$101K$99K
Total assetsLn 16$101K$99K
LiabilitiesLn 26$3K$10K
Net assetsLn 32$98K$89K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$41K$21K$21K
Other salaries and wagesLn 7$109K$105K$4K
Pension plan contributionsLn 8$6K$3K$3K
Payroll taxesLn 10$12K$9K$3K
Accounting feesLn 11c$69$69
Advertising and promotionLn 12$100$100
Office expensesLn 13$4K$2K$2K
Other expenses (24a–d)Ln 24$33K$33K
All other expensesLn 24e$7K$7K
Total functional expensesLn 25$213K$180K$33K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $159K$177K−$19K$46K 990 PDF
FY2023 $171K$196K−$25K$64K 990 PDF
FY2022 Viewing $205K$213K−$9K$89K 990 PDF
FY2021 $231K$206K$24K$98K 990 PDF
FY2020 $194K$178K$16K$73K 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 FY2022 990 (6 parts)
Part I · Summary $204,510 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,711$2,244
I-9 Program service revenuePrior year $223,673$197,617
I-10 Investment income$0
I-11 Other revenuePrior year $2,459$4,649
I-12 Total revenuePrior year $230,843$204,510
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $176,924$168,970
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $29,455$44,297
I-18 Total expensesPrior year $206,379$213,267
I-19 Revenue less expensesPrior year $24,464−$8,757
Part VI · Governance 1 of 2 board members independent, 3 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members1
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $204,510 across 6 lines filed
VIII-1f All other contributions, gifts and grants$2,244
VIII-1h Total contributions, gifts and grants$2,244
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $197,617$197,617
VIII-8 Net income from fundraising eventsExcluded from tax $4,266$4,266
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $383$383
VIII-12 Total revenueRelated to mission $198,000 · Excluded from tax $4,266$204,510
Part IX · Statement of functional expenses $213,267 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $20,640 · Management $20,640$41,280
IX-7 Other salaries and wagesPrograms $105,218 · Management $4,250$109,468
IX-8 Pension plan contributionsPrograms $3,000 · Management $3,000$6,000
IX-10 Payroll taxesPrograms $9,064 · Management $3,158$12,222
IX-11c Accounting feesManagement $69$69
IX-12 Advertising and promotionPrograms $100$100
IX-13 Office expensesPrograms $2,016 · Management $2,015$4,031
IX-24 Other expenses (24a–d)Programs $33,118$33,118
IX-24e All other expensesPrograms $6,979$6,979
IX-25 Total functional expensesPrograms $180,135 · Management $33,132 · Fundraising $0$213,267
Part X · Balance sheet $98,650 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $100,785$98,650
X-16 Total assetsStart of year $100,785$98,650
X-17 Accounts payable and accrued expensesStart of year $3,006$9,628
X-26 Total liabilitiesStart of year $3,006$9,628
X-27 Net assets without donor restrictionsStart of year $97,779$89,022
X-32 Total net assets or fund balancesStart of year $97,779$89,022
X-33 Total liabilities and net assetsStart of year $100,785$98,650
Part XI · Reconciliation of net assets $89,022 net assets at year end
XI-1 Total revenue$204,510
XI-2 Total expenses$213,267
XI-3 Revenue less expenses−$8,757
XI-4 Net assets at start of year$97,779
XI-10 Net assets at end of year$89,022

Form 990 e-file (XML) FY2022 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.