Covenant Classical School

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To train our students to live and think according to a biblical christ-centered world view. We accomplish this by partnering with parents to provide a rigorous, Classical education that instills a lifelong love of learning.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Run by 110 volunteers and 144 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
6 of 6
filings with a surplus
Average surplus $1.7M a year · 19% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$489K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $517K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$5.6M
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.1M
+3% vs prior year
Spent
$9.4M
To programs
67%
Net assets
$22.4M
By yearFY2020–FY2025
Revenue
$11.1M
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.6M
FY2021$9.5M
FY2022$9.6M
FY2023$8.8M
FY2024$10.8M
FY2025$11.1M
Expenses
$9.4M
FY2025▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.1M
FY2021$6.3M
FY2022$7.2M
FY2023$8.1M
FY2024$8.8M
FY2025$9.4M
Net assets
$22.4M
FY2025▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$12.3M
FY2021$15.6M
FY2022$18.1M
FY2023$18.8M
FY2024$20.7M
FY2025$22.4M

From the FY2025 Form 990 (year ending July 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1999.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $6.2M Management & general 30% · $2.8M Fundraising 4% · $334K

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

15 people listed on the 990; $489K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Head of School
$224,457Pt VII · Sec A
$146,674Pt VII · Sec A
Director of Athletics
$117,528Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Troy Schuknecht’s $224K as Head of School is at the 46th percentile of top reported officer pay among 3683 $10–100M 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 · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Troy Schuknecht$224,457$224,457$183,750———
Eric Cook———$212,351—$185,115
Eric Cook Ex Officio————$182,346—
Andrew John Elizalde$146,674$146,674$109,780$106,200——
Jeremy Martin$117,528$117,528$103,147———

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 Classical School 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates K-12 students in a biblical, Christ-centered classical worldview.

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1 program · $6.2M · in their own filed words · FY2024
01

To provide k-12 private classical school education.

$6.2Mprogram 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
See all 4 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$11.1M
Ln 12
Fees for servicesLn 2g$8.0M
Gifts and grantsLn 1h$2.1M
Other incomeLn 4–11$858K
Money outPt IX
$9.4M
Ln 25
Programscol B$6.2M
Managementcol C$2.8M
Fundraisingcol D$334K
Owns and owesPt X
$22.4M
net assets · Ln 32
Cash and savingsLn 1–2$5.0M
Total assetsLn 16$28.0M
LiabilitiesLn 26$5.6M
PeoplePt VI, VII
15
listed · VII A
PaidVII A3
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Fundraising eventsLn 1c$56K
Fees for servicesLn 2g$8.0M
Investment incomeLn 3$126K
Other incomeLn 4–11$858K
Gains on assetsLn 7$3K
Total revenueLn 12$11.1M
Assets in detailPt X, end of year
CashLn 1$254K
SavingsLn 2$4.7M
Cash and savings togetherLn 1–2$5.0M
Pledges and grants receivableLn 3$1.5M
Accounts receivableLn 4$84K
Prepaid expenses and deferred chargesLn 9$110K
Land, buildings, equipmentLn 10c$21.3M
Other assetsLn 15$990
Total assetsLn 16$28.0M
LiabilitiesLn 26$5.6M
Net assetsLn 32$22.4M
OperationsPt I, VI
EmployeesI 5144
VolunteersI 6110
Fiscal year endsHeaderJuly
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 FY25End FY25
Cash and savingsLn 1–2$6.4M$5.0M
Land, buildings, equipmentLn 10c$18.5M$21.3M
Total assetsLn 16$26.1M$28.0M
LiabilitiesLn 26$5.4M$5.6M
Net assetsLn 32$20.7M$22.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$203K$152K$51K
Other salaries and wagesLn 7$4.7M$3.3M$1.2M$123K
Other employee benefitsLn 9$545K$361K$164K$21K
Payroll taxesLn 10$383K$254K$115K$14K
Management feesLn 11a$47K$1K$46K$59
Other fees for servicesLn 11g$156K$46K$7K$103K
Advertising and promotionLn 12$37K$2K$36K
Office expensesLn 13$348K$279K$68K$654
Information technologyLn 14$91K$76K$15K$328
InterestLn 20$40K$40K
Depreciation, depletion and amortizationLn 22$803K$759K$40K$3K
InsuranceLn 23$151K$151K
Other expenses (24a–d)Ln 24$1.2M$694K$522K$13K
All other expensesLn 24e$651K$438K$208K$5K
Total functional expensesLn 25$9.4M$6.2M$2.8M$334K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jun 17, 2026 $11.1M$9.4M$1.7M$22.4M 990 PDF
FY2024Filed with the IRS Jun 16, 2025 $10.8M$8.8M$2.0M$20.7M 990 PDF
FY2023Filed with the IRS Jun 13, 2024 $8.8M$8.1M$689K$18.8M 990 PDF
FY2022Filed with the IRS Jun 13, 2023 $9.6M$7.2M$2.4M$18.1M 990 PDF
FY2021Filed with the IRS May 16, 2022 $9.5M$6.3M$3.1M$15.6M 990 PDF
FY2020Filed with the IRS Jun 13, 2021 $6.6M$6.1M$465K$12.3M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $11,070,213 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,210,056$2,103,082
I-9 Program service revenuePrior year $7,463,297$7,983,437
I-10 Investment incomePrior year $152,454$126,002
I-11 Other revenuePrior year $929,228$857,692
I-12 Total revenuePrior year $10,755,035$11,070,213
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,571,950$5,802,229
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,218,317$3,554,824
I-18 Total expensesPrior year $8,790,267$9,357,053
I-19 Revenue less expensesPrior year $1,964,768$1,713,160
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $11,070,213 across 9 lines filed
VIII-1c Fundraising events$56,422
VIII-1f All other contributions, gifts and grants$2,046,660
VIII-1h Total contributions, gifts and grants$2,103,082
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,983,437$7,983,437
VIII-3 Investment incomeExcluded from tax $123,407$123,407
VIII-7 Net gain or loss on sales of assetsRelated to mission $2,595$2,595
VIII-8 Net income from fundraising eventsExcluded from tax $302,670$302,670
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $555,022$555,022
VIII-12 Total revenueRelated to mission $7,986,032 · Unrelated business $0 · Excluded from tax $981,099$11,070,213
Part IX · Statement of functional expenses $9,357,053 across 14 lines filed
IX-5 Pay of current officers, directors and key staffManagement $151,891 · Fundraising $50,630$202,521
IX-7 Other salaries and wagesPrograms $3,322,683 · Management $1,225,574 · Fundraising $123,266$4,671,523
IX-9 Other employee benefitsPrograms $361,050 · Management $163,757 · Fundraising $20,504$545,311
IX-10 Payroll taxesPrograms $253,501 · Management $114,977 · Fundraising $14,396$382,874
IX-11a Management feesPrograms $1,040 · Management $45,996 · Fundraising $59$47,095
IX-11g Other fees for servicesPrograms $45,889 · Management $7,319 · Fundraising $103,213$156,421
IX-12 Advertising and promotionPrograms $1,551 · Management $35,625$37,176
IX-13 Office expensesPrograms $279,090 · Management $68,409 · Fundraising $654$348,153
IX-14 Information technologyPrograms $75,732 · Management $15,362 · Fundraising $328$91,422
IX-20 InterestManagement $40,355$40,355
IX-22 Depreciation, depletion and amortizationPrograms $759,384 · Management $39,968 · Fundraising $3,331$802,683
IX-23 InsuranceManagement $151,177$151,177
IX-24 Other expenses (24a–d)Programs $694,230 · Management $521,990 · Fundraising $13,390$1,229,610
IX-24e All other expensesPrograms $437,981 · Management $208,199 · Fundraising $4,552$650,732
IX-25 Total functional expensesPrograms $6,232,131 · Management $2,790,599 · Fundraising $334,323$9,357,053
Part X · Balance sheet $28,022,288 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $245,256$253,900
X-2 Savings and temporary cash investmentsStart of year $6,186,680$4,725,908
X-3 Pledges and grants receivableStart of year $969,635$1,543,053
X-4 Accounts receivableStart of year $75,260$84,254
X-8 Inventories for sale or useStart of year $550$0
X-9 Prepaid expenses and deferred chargesStart of year $104,527$110,057
X-10c Land, buildings and equipment, netStart of year $18,485,994$21,304,126
X-15 Other assetsStart of year $990$990
X-16 Total assetsStart of year $26,068,892$28,022,288
X-17 Accounts payable and accrued expensesStart of year $146,835$668,176
X-19 Deferred revenueStart of year $4,741,593$4,755,555
X-23 Secured mortgages and notes payableStart of year $485,604$190,537
X-26 Total liabilitiesStart of year $5,374,032$5,614,268
X-27 Net assets without donor restrictionsStart of year $18,982,500$21,504,072
X-28 Net assets with donor restrictionsStart of year $1,712,360$903,948
X-32 Total net assets or fund balancesStart of year $20,694,860$22,408,020
X-33 Total liabilities and net assetsStart of year $26,068,892$28,022,288
Part XI · Reconciliation of net assets $22,408,020 net assets at year end
XI-1 Total revenue$11,070,213
XI-2 Total expenses$9,357,053
XI-3 Revenue less expenses$1,713,160
XI-4 Net assets at start of year$20,694,860
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$22,408,020

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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