Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1993.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
80 cents of each dollar spent went to programs.
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
10 people listed on the 990; $136K paid to officers and key staff.
Lorraine Hill’s $136K as Head of Scho is at the 56th percentile of top reported officer pay among 3395 $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 · 1 named individual · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Lorraine Hill | $135,769 | $141,186 | $123,000 | $135,157 | $121,500 | $135,000 |
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 The Covenant Preparatory School executive salaries →Are you one of these people? Claim this org to confirm your role
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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 15aYes
Programs and updates
Educates students from pre-K through 12th grade with a Christian college preparatory curriculum.
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Christian education and character development.
Funders
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
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $5.4M | $7.0M |
| Land, buildings, equipmentLn 10c | $999K | $975K |
| Total assetsLn 16 | $7.3M | $8.4M |
| LiabilitiesLn 26 | $1.4M | $1.8M |
| Net assetsLn 32 | $5.9M | $6.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $2.6M | $2.5M | $120K | |
| Legal feesLn 11b | $108K | $108K | ||
| Accounting feesLn 11c | $13K | $13K | ||
| Office expensesLn 13 | $20K | $20K | ||
| Information technologyLn 14 | $31K | $31K | ||
| OccupancyLn 16 | $458K | $458K | ||
| Depreciation, depletion and amortizationLn 22 | $53K | $53K | ||
| InsuranceLn 23 | $142K | $142K | ||
| Other expenses (24a–d)Ln 24 | $723K | $653K | $70K | |
| All other expensesLn 24e | $78K | $78K | ||
| Total functional expensesLn 25 | $4.2M | $3.4M | $750K | $70K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $4.0M | $3.5M | $493K | $5.9M | 990 PDF |
| FY2023 | $6.5M | $3.7M | $2.8M | $5.4M | 990 PDF |
| FY2022 | $3.8M | $3.7M | $53K | $2.6M | 990 PDF |
| FY2021 | $7.0M | $5.1M | $1.9M | $2.6M | 990 PDF |
| FY2020 | $4.7M | $4.9M | −$133K | $607K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $4,890,261 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, no flags
Part VIII · Statement of revenue $4,890,261 across 8 lines filed
Part IX · Statement of functional expenses $4,196,373 across 10 lines filed
Part X · Balance sheet $8,434,702 assets, 13 lines filed
Part XI · Reconciliation of net assets $6,585,058 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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