Covenant Christian Assembly FY2021 filing

Tax-deductible

Tuscumbia, AL501(c)(3)EducationEIN 63-0908970Revenue $1.6M in FY2021

On file with the IRSccseagles.com1900 Covenant Dr, 35674-4752 · Tuscumbia, ALTax-exempt since Apr 2000School — 170(b)(1)(A)(ii)

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Provide a sound academic education to students in grades k5-12

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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 5
filings with a surplus
Average deficit $144K a year · 8% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $29K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$831K
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
Spent
$1.6M
To programs
88%
Net assets
$1.0M
By yearFY2021–FY2025
Revenue
$1.6M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$1.6M
FY2022$1.4M
FY2023$1.6M
FY2024$1.9M
FY2025$2.1M
Expenses
$1.6M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$1.6M
FY2022$1.7M
FY2023$1.7M
FY2024$2.2M
FY2025$2.2M
Net assets
$1.0M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$1.0M
FY2022$823K
FY2023$707K
FY2024$1.1M
FY2025$956K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Apr 2000.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $1.4M Management & general 12% · $197K

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

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Administrato
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Covenant Christian Assembly executive salaries →

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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 students in grades K-12 with a strong academic program.

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Provided by the organization

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1 program · $1.4M · in their own filed words · FY2020
01

Provide academic education to students in grades k5-12

$1.4Mprogram 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 · FY2024
Total grants receivedfrom 2 funders$29K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Fees for servicesLn 2g$1.4M
Gifts and grantsLn 1h$200K
Other incomeLn 4–11$9K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.4M
Managementcol C$197K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$474K
Total assetsLn 16$1.9M
LiabilitiesLn 26$831K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$200K
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$1K
Other incomeLn 4–11$9K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$474K
Cash and savings togetherLn 1–2$474K
Land, buildings, equipmentLn 10c$732K
Total assetsLn 16$1.9M
LiabilitiesLn 26$831K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 536
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$454K$474K
Land, buildings, equipmentLn 10c$842K$732K
Total assetsLn 16$1.9M$1.9M
LiabilitiesLn 26$881K$831K
Net assetsLn 32$1.0M$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$842K$711K$131K
Pension plan contributionsLn 8$2K$2K$287
Other employee benefitsLn 9$19K$16K$3K
Payroll taxesLn 10$64K$54K$10K
Legal feesLn 11b$3K$2K$453
Accounting feesLn 11c$4K$3K$582
Advertising and promotionLn 12$16K$16K
Office expensesLn 13$24K$21K$3K
OccupancyLn 16$61K$51K$9K
InterestLn 20$54$46$8
Depreciation, depletion and amortizationLn 22$100K$85K$15K
InsuranceLn 23$21K$18K$3K
Other expenses (24a–d)Ln 24$361K$349K$12K
All other expensesLn 24e$96K$87K$9K
Total functional expensesLn 25$1.6M$1.4M$197K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.1M$2.2M−$131K$956K 990 PDF
FY2024 $1.9M$2.2M−$278K$1.1M 990 PDF
FY2023 $1.6M$1.7M−$101K$707K 990 PDF
FY2022 $1.4M$1.7M−$230K$823K 990 PDF
FY2021 Viewing $1.6M$1.6M$18K$1.0M 990 PDF

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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 FY2021 990 (6 parts)
Part I · Summary $1,630,881 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $99,671$199,643
I-9 Program service revenuePrior year $1,252,449$1,420,910
I-10 Investment incomePrior year $1,595$1,241
I-11 Other revenuePrior year $34,021$9,087
I-12 Total revenuePrior year $1,387,736$1,630,881
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $931,462$927,375
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $515,505$685,014
I-18 Total expensesPrior year $1,446,967$1,612,389
I-19 Revenue less expensesPrior year −$59,231$18,492
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,630,881 across 6 lines filed
Lines not itemized here account for $3,325 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$199,643
VIII-1h Total contributions, gifts and grants$199,643
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,417,585$1,417,585
VIII-3 Investment incomeRelated to mission $1,241$1,241
VIII-8 Net income from fundraising eventsExcluded from tax $9,087$9,087
VIII-12 Total revenueRelated to mission $1,422,151 · Excluded from tax $9,087$1,630,881
Part IX · Statement of functional expenses $1,612,389 across 14 lines filed
IX-7 Other salaries and wagesPrograms $711,346 · Management $130,882$842,228
IX-8 Pension plan contributionsPrograms $1,563 · Management $287$1,850
IX-9 Other employee benefitsPrograms $16,444 · Management $3,026$19,470
IX-10 Payroll taxesPrograms $53,908 · Management $9,919$63,827
IX-11b Legal feesPrograms $2,462 · Management $453$2,915
IX-11c Accounting feesPrograms $3,165 · Management $582$3,747
IX-12 Advertising and promotionPrograms $16,009$16,009
IX-13 Office expensesPrograms $20,679 · Management $3,458$24,137
IX-16 OccupancyPrograms $51,147 · Management $9,411$60,558
IX-20 InterestPrograms $46 · Management $8$54
IX-22 Depreciation, depletion and amortizationPrograms $85,073 · Management $15,014$100,087
IX-23 InsurancePrograms $17,563 · Management $3,231$20,794
IX-24 Other expenses (24a–d)Programs $348,710 · Management $12,082$360,792
IX-24e All other expensesPrograms $86,793 · Management $9,128$95,921
IX-25 Total functional expensesPrograms $1,414,908 · Management $197,481 · Fundraising $0$1,612,389
Part X · Balance sheet $1,876,943 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $453,547$474,275
X-4 Accounts receivableStart of year $622,616$670,410
X-10c Land, buildings and equipment, netStart of year $842,284$732,258
X-16 Total assetsStart of year $1,918,447$1,876,943
X-17 Accounts payable and accrued expensesStart of year $70,191$87,854
X-19 Deferred revenueStart of year $630,081$743,057
X-26 Total liabilitiesStart of year $880,965$830,911
X-27 Net assets without donor restrictionsStart of year $1,037,482$1,046,032
X-32 Total net assets or fund balancesStart of year $1,037,482$1,046,032
X-33 Total liabilities and net assetsStart of year $1,918,447$1,876,943
Part XI · Reconciliation of net assets $1,046,032 net assets at year end
XI-1 Total revenue$1,630,881
XI-2 Total expenses$1,612,389
XI-3 Revenue less expenses$18,492
XI-4 Net assets at start of year$1,037,482
XI-9 Other changes in net assets−$9,942
XI-10 Net assets at end of year$1,046,032

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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