COVENANT COLLEGE INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- COVENANT COLLEGE INC (EIN 43-0719506)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-07
- IRS object ID
- 201401279349301070
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-07T12:32:32-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363990892 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Capin Crouse LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1255 Lakes Parkway Suite 130 | AddressLine1 |
| City | Lawrenceville | City |
| State | GA | State |
| ZIP Code | 30043 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 430719506 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Covenant College | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | COVE | NameControl |
| Phone | 7068201560 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14049 Scenic Highway | AddressLine1 |
| City | Lookout Mountain | City |
| State | GA | State |
| ZIP Code | 30750 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Daniel M Wykoff | Name |
| Title | VP for Business & Finance | Title |
| Phone | 7068201560 | Phone |
| Date Signed | 2014-05-07 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | David C Moja | Name |
| PTIN | P00747006 | PTIN |
| Phone | 6785185301 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | J Derek Halvorson | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14049 Scenic Highway | AddressLine1 |
| City | Lookout Mountain | City |
| State | GA | State |
| ZIP Code | 30750 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 46857391 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.covenant.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1955 | YearFormation |
| State Legal Domicile | GA | StateLegalDomicile |
| Activity Or Mission Description | To provide Christ-centered higher educational services. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 28 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 28 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1143 | TotalNbrEmployees |
| Total Nbr Volunteers | 28 | TotalNbrVolunteers |
| Total Gross UBI | 1050473 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -360230 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 6165635 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 6655244 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 34284298 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 36176828 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 336295 | InvestmentIncomePriorYear |
| Investment Income Current Year | 803917 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 584559 | OtherRevenuePriorYear |
| Other Revenue Current Year | 480062 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 41370787 | TotalRevenuePriorYear |
| Total Revenue Current Year | 44116051 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 12666872 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 14005492 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 16322484 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 17139720 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 35201 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 20090 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1853307 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 11665210 | OtherExpensePriorYear |
| Other Expenses Current Year | 10975524 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 40689767 | TotalExpensesPriorYear |
| Total Expenses Current Year | 42140826 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 681020 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1975225 | RevenuesLessExpensesCY |
| Total Assets BOY | 67775515 | TotalAssetsBOY |
| Total Assets EOY | 70853344 | TotalAssetsEOY |
| Total Liabilities BOY | 4231737 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 4059526 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 63543778 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 66793818 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | To explore and express the preeminence of Jesus Christ in all things; to educate Christians to engage culture and cultures; to examine and unfold creation; and to pursue biblical justice and mercy in community with the student-faculty relationship, strong teaching, and scholarship at the foundation. Our Christ-centered community seeks to help students mature in three primary areas: identity in Christ, Biblical frame of reference, and service that is Christ-like. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 21875820 | Expense |
| Grants | 14005492 | Grants |
| Revenue | 28761425 | Revenue |
| Description | Instructional expenses: Institutional expenses directly related to the academic disciplines of the College. With twenty-seven majors and more than forty minors and concentrations, Covenant College provides students with a well-rounded liberal arts education while simultaneously preparing them for careers in business, music, psychology, medicine, international relations, and much more. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1309502 | Expense |
| Description | Academic support: The College works to provide students with academic support at every stage of their Covenant education. In addition to highly qualified staff, the Covenant library is networked with more than 18,000 other institutions worldwide, providing interlibrary loan access and document delivery services to over 1.3 billion library items. Our library was eleventh in the world to go live with the Online Computer Library Center's new cloud-based operating system, Web-scale Management Service. Covenant's writing center is located in the library, providing students one-on-one tutoring for essays, research papers, and any writing-related assignments. The Office of Academic Affairs at Covenant works to provide support for deans and faculty members as they seek to provide a rigorous education to Covenant students. Covenant's master of education and master of arts in teaching degrees offered by the graduate school of education at Covenant provide students with the exceptional opportunity of completing a master's degree in one year.Covenant's Maclellan Scholars program offers courses designed to encourage critical thinking and develop the skills of potential Christian leaders. Students in the program travel internationally while at Covenant and demonstrate leadership through student-initiated projects. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 7635395 | Expense |
| Revenue | 181315 | Revenue |
| Description | Student service departments, scholarships, and grants: Student services at Covenant help create a rich learning environment for our students. From the moment a student becomes interested in attending Covenant, the admissions office provides them with resources and personalized attention to help each student make an informed and thoughtful decision about where to attend college.The student development office fosters a positive residential experience through intentional training with resident assistants, hall presidents, and dorm councils. In addition to campus activities, student development offers student training programs, individual academic counsel, professional counseling and medical services to students. Our records and financial aid offices personally work with students to ensure they are on track for graduation and are financially able to complete their education at Covenant College. Students have access to the Center for Calling & Career, where they learn to build a resume, write a cover letter, interview well, and network with future employers. More than forty percent of our students are also intercollegiate athletes. Covenant recently joined the NCAA Division III where our athletics teams have thrived. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 5811493 | Expense |
| Revenue | 6364930 | Revenue |
| Description | Library and public service departments and auxiliary services (room and board), | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 5811493 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 6364930 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 36632210 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 1 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 84 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 1143 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 28 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 28 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 1 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | GA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Robert Harbert | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7064191116 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14049 Scenic Highway | AddressLine1 |
| City | Lookout Mountain | City |
| State | GA | State |
| ZIP Code | 30750 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (34 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| Martin A Moore | ||||||||
| Chairman | 1.00 | 0.00 | X | X | 0 | 0 | 0 | |
| R Craig Wood | ||||||||
| Vice Chairman | 1.00 | 1.00 | X | X | 0 | 0 | 0 | |
| Timothy Pappas | ||||||||
| Treasurer | 1.00 | 0.00 | X | X | 0 | 0 | 0 | |
| Dr Robert S Rayburn | ||||||||
| Secretary | 1.00 | 1.00 | X | X | 0 | 0 | 0 | |
| Rev Eric Hausler | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Rev Lance Lewis | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Charles R Cox | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Dr Robert Davis | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Gary Haluska | ||||||||
| Trustee | 1.00 | 1.00 | X | 0 | 0 | 0 | ||
| Dr Bradley M Harris | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Duncan Highmark | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Rev William Yong Jin | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Dr Michael Ross | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Dr Stephen Sligh | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| T March Bell | ||||||||
| Trustee | 1.00 | 1.00 | X | 0 | 0 | 0 | ||
| Rev A Randy Nabors | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Stephen Nielson | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| William P Burdette | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Robert B Polk | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Dr Gordon Sluis | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Donald E Rittler | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Mark Griggs | ||||||||
| Trustee | 1.00 | 1.00 | X | 0 | 0 | 0 | ||
| Dr David Rountree | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Richard T Bowser | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Dr Craig Troxel | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Rev Julian Russell | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Rev Steve Smallman | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Joel Belz | ||||||||
| Trustee | 1.00 | 1.00 | X | 0 | 0 | 0 | ||
| Dr J Derek Halvorson | ||||||||
| President | 40.00 | 1.00 | X | 134812 | 0 | 13519 | ||
| Dr Jeffrey Hall | ||||||||
| VP of Academic Affairs | 40.00 | 0.00 | X | 120703 | 0 | 14949 | ||
| Troy Duble | ||||||||
| VP of Advancement | 40.00 | 0.00 | 119172 | 0 | 15003 | X | ||
| Brad Voyles | ||||||||
| VP Student Development | 40.00 | 0.00 | 100373 | 0 | 13425 | X | ||
| Marc Erickson | ||||||||
| Executive Director of Covenant College Foundation | 40.00 | 40.00 | 119391 | 0 | 15222 | X | ||
| Dr Toni Chiareli | ||||||||
| Professor of Sociology | 40.00 | 0.00 | 104171 | 0 | 12883 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 698622 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 85001 | TotalOtherCompensation |
| Number Individuals GT100 K | 6 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Chartwells Dining Services | |||||
| PO Box 417632 | Boston | MA | 02241 | Food Service | 2525997 |
| P&C Construction Inc | |||||
| 2500 East 18th Street | Chattanooga | TN | 37404 | Construction | 590360 |
| Brasfield & Gorrie LLC | |||||
| 2636 Elm Hill Pike Suite 200 | Nashville | TN | 37214 | Construction | 173166 |
| Baker Contracting Co LLC | |||||
| PO Box 684 | Rock Spring | GA | 30739 | Construction | 154555 |
| Lord Aeck Sargent | |||||
| 1201 Peachtree Street Suite 300 | atlanta | GA | 30361 | Architecture | 147370 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 7 | NumberOfContractorsGT100K |
| Related Organizations | 510537 | RelatedOrganizations |
| Government Grants | 386473 | GovernmentGrants |
| All Other Contributions | 5758234 | AllOtherContributions |
| Noncash Contributions | 37945 | NoncashContributions |
| Total Contributions | 6655244 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| Tuition and fees | 900099 | 28761425 | 28761425 | |
| Room and board charges | 721310 | 6364930 | 6364930 | |
| Conference Program Inc | 721110 | 1050473 | 1050473 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 36176828 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 368273 | TotalRevenueColumn |
| Exclusion | $368,273 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 169241 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 16317 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 152924 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 152924 | TotalRevenueColumn |
| Exclusion | $152,924 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3160667 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2725023 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 435644 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 435644 | TotalRevenueColumn |
| Exclusion | $435,644 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| Miscellaneous fee inco | 611710 | 181315 | 181315 | |
| Interest on accounts r | 900000 | 145823 | $145,823 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 327138 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 44116051 | TotalRevenueColumn |
| Related Or Exempt Function Income | 35307670 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1050473 | UnrelatedBusinessRevenue |
| Exclusion | $1,102,664 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14005492 | Total |
| Program Services | 14005492 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 444433 | Total |
| Program Services | 155507 | ProgramServices |
| Management And General | 288926 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13199251 | Total |
| Program Services | 11181990 | ProgramServices |
| Management And General | 1138782 | ManagementAndGeneral |
| Fundraising | 878479 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 421802 | Total |
| Program Services | 340873 | ProgramServices |
| Management And General | 48432 | ManagementAndGeneral |
| Fundraising | 32497 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2239301 | Total |
| Program Services | 1860982 | ProgramServices |
| Management And General | 141220 | ManagementAndGeneral |
| Fundraising | 237099 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 834933 | Total |
| Program Services | 677624 | ProgramServices |
| Management And General | 96806 | ManagementAndGeneral |
| Fundraising | 60503 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17406 | Total |
| Program Services | 2473 | ProgramServices |
| Management And General | 14933 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 61840 | Total |
| Management And General | 61840 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20090 | Total |
| Fundraising | 20090 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 75408 | Total |
| Management And General | 75408 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 794339 | Total |
| Program Services | 439730 | ProgramServices |
| Management And General | 346649 | ManagementAndGeneral |
| Fundraising | 7960 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 61216 | Total |
| Program Services | 55710 | ProgramServices |
| Management And General | 4856 | ManagementAndGeneral |
| Fundraising | 650 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2301346 | Total |
| Program Services | 1763188 | ProgramServices |
| Management And General | 452739 | ManagementAndGeneral |
| Fundraising | 85419 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1293855 | Total |
| Program Services | 618656 | ProgramServices |
| Management And General | 443772 | ManagementAndGeneral |
| Fundraising | 231427 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 927262 | Total |
| Program Services | 740580 | ProgramServices |
| Management And General | 83339 | ManagementAndGeneral |
| Fundraising | 103343 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 53643 | Total |
| Program Services | 36606 | ProgramServices |
| Management And General | 3781 | ManagementAndGeneral |
| Fundraising | 13256 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2266015 | Total |
| Program Services | 1880680 | ProgramServices |
| Management And General | 253164 | ManagementAndGeneral |
| Fundraising | 132171 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 259514 | Total |
| Program Services | 179027 | ProgramServices |
| Management And General | 80487 | ManagementAndGeneral |
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Food services | Description |
| Total | 2459484 | Total |
| Program Services | 2389856 | ProgramServices |
| Management And General | 66958 | ManagementAndGeneral |
| Fundraising | 2670 | Fundraising |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 404196 | Total |
| Program Services | 303236 | ProgramServices |
| Management And General | 53217 | ManagementAndGeneral |
| Fundraising | 47743 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 42140826 | Total |
| Program Services | 36632210 | ProgramServices |
| Management And General | 3655309 | ManagementAndGeneral |
| Fundraising | 1853307 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 206056 | BOY |
| EOY | 815938 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4452163 | BOY |
| EOY | 5472527 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 278701 | BOY |
| EOY | 763618 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 922009 | BOY |
| EOY | 923714 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 125000 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2244517 | BOY |
| EOY | 2296576 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40865 | BOY |
| EOY | 112194 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 203393 | BOY |
| EOY | 260766 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 71212346 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 29541554 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42258719 | BOY |
| EOY | 41670792 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13430133 | BOY |
| EOY | 13846446 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3738959 | BOY |
| EOY | 4565773 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 67775515 | BOY |
| EOY | 70853344 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1180453 | BOY |
| EOY | 906932 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 595535 | BOY |
| EOY | 608902 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2455749 | BOY |
| EOY | 2543692 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4231737 | BOY |
| EOY | 4059526 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32437716 | BOY |
| EOY | 32381022 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18654325 | BOY |
| EOY | 21899009 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12451737 | BOY |
| EOY | 12513787 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 63543778 | BOY |
| EOY | 66793818 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 67775515 | BOY |
| EOY | 70853344 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 1975225 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 1274813 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 24388792 | BeginningOfYearBalance |
| Contributions | 220971 | Contributions |
| Investment Earnings Or Losses | 3050839 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 754682 | GrantsOrScholarships |
| Other Expenditures | 329097 | OtherExpenditures |
| End Of Year Balance | 26576823 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 25392042 | BeginningOfYearBalance |
| Contributions | 199458 | Contributions |
| Investment Earnings Or Losses | -162645 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 590627 | GrantsOrScholarships |
| Other Expenditures | 449436 | OtherExpenditures |
| End Of Year Balance | 24388792 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 21539402 | BeginningOfYearBalance |
| Contributions | 273950 | Contributions |
| Investment Earnings Or Losses | 4538799 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 651821 | GrantsOrScholarships |
| Other Expenditures | 308288 | OtherExpenditures |
| End Of Year Balance | 25392042 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 18866495 | BeginningOfYearBalance |
| Contributions | 479086 | Contributions |
| Investment Earnings Or Losses | 2193821 | InvestmentEarningsOrLosses |
| End Of Year Balance | 21539402 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 25470157 | BeginningOfYearBalance |
| Contributions | 564043 | Contributions |
| Investment Earnings Or Losses | -5965015 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 803078 | GrantsOrScholarships |
| Other Expenditures | 399612 | OtherExpenditures |
| End Of Year Balance | 18866495 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.20160 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.69180 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.10660 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 1 | EndowmentsHeldByRelatedOrgs |
| Are Related Orgs Listed Schedule R | 1 | AreRelatedOrgsListedScheduleR |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1898213 | OtherCostOrOtherBasis |
| Book Value | 1898213 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 57321091 | OtherCostOrOtherBasis |
| Depreciation | 22539218 | Depreciation |
| Book Value | 34781873 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3525860 | OtherCostOrOtherBasis |
| Depreciation | 1804050 | Depreciation |
| Book Value | 1721810 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7284186 | OtherCostOrOtherBasis |
| Depreciation | 5198286 | Depreciation |
| Book Value | 2085900 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1182996 | OtherCostOrOtherBasis |
| Book Value | 1182996 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 41670792 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Limited partnership | Description |
| Book Value | 4565773 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 4565773 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Deposits, agency funds, and government advances | $2,511,590 |
| Annuities payable | $32,102 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2543692 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Description of Intended Use of Endowment Funds: | Part V, Line 4: | Endowment funds are invested to produce income, which is used to fund scholarships, pay for salary and general operation expenses, and maintain facilities. In accordance with the instructions, the prior year, two years back, three years back, and four years back columns were adjusted to include the endowment held by both the organization and the Covenant College Foundation, as Covenant College Foundation holds its endowment for the benefit of the organization. |
| Description of Uncertain Tax Positions Under FIN 48: | Part X, Line 2: | The College is recognized as an organization exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code (Code) whereby only unrelated business income, as defined by Section 512(a)(1) of the Code, is subject to federal income tax. The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statements of activities. As of June 30, 2013 and 2012, the College has analyzed its tax positions and believes that all are more likely than not to be sustained upon examination. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Explanation of Nondiscriminatory Policy Publication | Schedule E, Part I, Line 3 | The policy is included in both graduate and undergraduate catalogs, the college website, the college application for admission, and college advertising. |
| Explanation of Government Financial Assistance | Schedule E, Part I, Line 6 | The college receives assistance from the following federal programs: Federal Supplemental Educational Opportunity Grant, Federal Work Study, Federal Perkins Loan Program, Federal Pell Grant Program, Federal Direct Loan Program, and Federal Teach Grant Program. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Europe | Region |
| Number Of Offices | 0 | NumberOfOffices |
| Number Of Employees | 0 | NumberOfEmployees |
| Type Of Activities Conducted | Program services | TypeOfActivitiesConducted |
| Specific Services Provided | Study abroad programs in which students spend (a) semester(s) completing course requirements in a foreign higher education institution. | SpecificServicesProvided |
| Total Expenditures | 10757 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 10757 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 10757 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Procedure for Monitoring Grants Outside the U.S.: | Schedule F, Part I, Line 2: F |
| Method Used to Acccount for Expenditures: | Schedule F, Part I, Line 3: The College tracked expenditures in accordance with accrual basis of accounting using tuition and fees schedules for the students' studies. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Agreement Ref Fundraising | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Individual | Jane Jelgerhuis | NameOfIndividual |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14049 Scenic Highway | AddressLine1 |
| City | Lookout Mountain | City |
| State | GA | State |
| ZIP Code | 30750 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | Fundraiser | Activity |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFunds |
| Gross Receipts | 20090 | GrossReceipts |
| Amount Retained By Contractor | 20090 | AmountRetainedByContractor |
| Net To Organization | 0 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | 20090 | TotalGrossReceipts |
| Total Retained By Contractors | 20090 | TotalRetainedByContractors |
| Licensed States | AL | LicensedStates |
| Licensed States | AK | LicensedStates |
| Licensed States | AR | LicensedStates |
| Licensed States | CA | LicensedStates |
| Licensed States | CO | LicensedStates |
| Licensed States | CT | LicensedStates |
| Licensed States | DC | LicensedStates |
| Licensed States | FL | LicensedStates |
| Licensed States | GA | LicensedStates |
| Licensed States | HI | LicensedStates |
| Licensed States | ID | LicensedStates |
| Licensed States | IA | LicensedStates |
| Licensed States | KS | LicensedStates |
| Licensed States | KY | LicensedStates |
| Licensed States | LA | LicensedStates |
| Licensed States | ME | LicensedStates |
| Licensed States | MD | LicensedStates |
| Licensed States | MA | LicensedStates |
| Licensed States | MI | LicensedStates |
| Licensed States | MN | LicensedStates |
| Licensed States | MS | LicensedStates |
| Licensed States | MO | LicensedStates |
| Licensed States | MT | LicensedStates |
| Licensed States | NE | LicensedStates |
| Licensed States | NV | LicensedStates |
| Licensed States | NH | LicensedStates |
| Licensed States | NJ | LicensedStates |
| Licensed States | NM | LicensedStates |
| Licensed States | NY | LicensedStates |
| Licensed States | NC | LicensedStates |
| Licensed States | ND | LicensedStates |
| Licensed States | OH | LicensedStates |
| Licensed States | OK | LicensedStates |
| Licensed States | OR | LicensedStates |
| Licensed States | PA | LicensedStates |
| Licensed States | RI | LicensedStates |
| Licensed States | SC | LicensedStates |
| Licensed States | SD | LicensedStates |
| Licensed States | TN | LicensedStates |
| Licensed States | TX | LicensedStates |
| Licensed States | UT | LicensedStates |
| Licensed States | VT | LicensedStates |
| Licensed States | WA | LicensedStates |
| Licensed States | WV | LicensedStates |
| Licensed States | WI | LicensedStates |
| Licensed States | WY | LicensedStates |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| Federal grantor/pass-through grantor/program and student financial aid from college. | 1083 | 13995492 |
| Covenant College Entrepreneurial Seed Project Grant made to Jacob Hutcherson. | 1 | 10000 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: The college provides scholarships to students enrolled in its programs. Scholarships are awarded based upon student acheivements in academics, performing arts, and athletics. To be considered for scholarship assistance, students must apply for admission and submit academic transcripts of prior education work, test scores (ACT/SAT), and an application for the scholarship program. Some scholarships require additional recommendations or certifications by third parties. Academic progress of scholarship recipients is monitored, and recipients must earn both a minimum amount of college credits and a minimum GPA each semester in order to maintain eligibility. The Seed Project Grant was established to foster and develop an entrepreneurial spirit amongst Covenant College students and to create an opportunity for the students to develop real ideas and put them into action. Business plans are submitted by students for initial review by a committee of Covenant College faculty, staff, alumni, and other friends of the college. Once the business plan earns approval, the plan is presented to an independent panel of judges. The college awards the Seed Project Grant after the independent panel declares a winning idea. Recipients provide receipts to demonstrate that funds were used for legitimate and appropriate business expenses, and the College follows up with recipients at six month intervals following the award until the funds are depleted. | Explanation |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Derek Halvorson | NamePerson |
| Relationship With Organization | President of Covenant College | RelationshipWithOrganization |
| Purpose Of Loan | Housing loan | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $125,000 | OriginalPrincipalAmount |
| Balance Due | 125000 | BalanceDue |
| Default | 0 | Default |
| Approved By Board | 1 | ApprovedByBoard |
| Written Agreement | 1 | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 125000 | TotalBalanceDue |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 17 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 37945 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Method for Determining Number of Contributions: | Identifier |
| Return Reference | Part I, Column (b): | ReturnReference |
| Explanation | The number of contributions represents the number of contributions received, not the number of items donated. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section B, line 11 | The Form 990 is prepared by an independent CPA firm and reviewed by the Controller and the CFO. The Audit Committee reviews and approves the Form 990 prior to filing the return. Additionally, the College provides its Form 990 to the Board of Trustees before the return is filed with the IRS. |
| Form 990, Part VI, Section B, line 12c | The officers, directors, and committee members with Board delegated powers are required to sign a disclosure form annually. The Executive Committee reviews the signed statements and enforces compliance with the conflict of interest policy. Any board member with a conflict of interest abstains from voting on matters in which there could be a conflict of interest. |
| Form 990, Part VI, Section B, line 15 | The Executive Committee reviews the President's salary in accordance with salary studies and is approved by the governing Board of Trustees annually. This review and approval is documented in the Executive Committee meeting minutes. The President then uses comparability data to determine compensation for the College's officers and executives. |
| Form 990, Part VI, Section C, line 19 | The organization's governing documents, conflict of interest policy and financial statements are made available upon request. |
| Part XII, line 2c | The College's process for overseeing the audit of its financial statements and for selecting an independent accountant has not changed from the prior year. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Covenant College Foundation Inc | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14049 Scenic Highway | AddressLine1 |
| City | Lookout Mountain | City |
| State | GA | State |
| ZIP Code | 30750 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 621671894 | EIN |
| Primary Activities | Raising funds for education | PrimaryActivities |
| Legal Domicile State | GA | LegalDomicileState |
| Exempt Code Section | 501(c)(3) | ExemptCodeSection |
| Public Charity Status | 11, Type II | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Covenant College | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 1 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 1 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |