2014-05-07T12:32:32-05:00 2013-06-30 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 130 Lawrenceville GA 30043 990 2012-07-01 430719506 Covenant College COVE 7068201560 14049 Scenic Highway Lookout Mountain GA 30750 Daniel M Wykoff 7068201560 2014-05-07 1 David C Moja P00747006 6785185301 2012 2015-11-30 17:44:51Z J Derek Halvorson 14049 Scenic Highway Lookout Mountain GA 30750 46857391 0 X www.covenant.edu X 1955 GA To provide Christ-centered higher educational services. 28 28 1143 28 1050473 -360230 6165635 6655244 34284298 36176828 336295 803917 584559 480062 41370787 44116051 12666872 14005492 0 0 16322484 17139720 35201 20090 1853307 11665210 10975524 40689767 42140826 681020 1975225 67775515 70853344 4231737 4059526 63543778 66793818 X 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. 0 0 21875820 14005492 28761425 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. 1309502 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. 7635395 181315 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. 5811493 6364930 Library and public service departments and auxiliary services (room and board), 5811493 6364930 36632210 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 1 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 1 84 0 1 1143 1 1 1 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 1 1 1 0 GA X Robert Harbert 7064191116 14049 Scenic Highway Lookout Mountain GA 30750 Martin A Moore 1.00 0.00 X X 0 0 0 R Craig Wood 1.00 1.00 X X 0 0 0 Timothy Pappas 1.00 0.00 X X 0 0 0 Dr Robert S Rayburn 1.00 1.00 X X 0 0 0 Rev Eric Hausler 1.00 0.00 X 0 0 0 Rev Lance Lewis 1.00 0.00 X 0 0 0 Charles R Cox 1.00 0.00 X 0 0 0 Dr Robert Davis 1.00 0.00 X 0 0 0 Gary Haluska 1.00 1.00 X 0 0 0 Dr Bradley M Harris 1.00 0.00 X 0 0 0 Duncan Highmark 1.00 0.00 X 0 0 0 Rev William Yong Jin 1.00 0.00 X 0 0 0 Dr Michael Ross 1.00 0.00 X 0 0 0 Dr Stephen Sligh 1.00 0.00 X 0 0 0 T March Bell 1.00 1.00 X 0 0 0 Rev A Randy Nabors 1.00 0.00 X 0 0 0 Stephen Nielson 1.00 0.00 X 0 0 0 William P Burdette 1.00 0.00 X 0 0 0 Robert B Polk 1.00 0.00 X 0 0 0 Dr Gordon Sluis 1.00 0.00 X 0 0 0 Donald E Rittler 1.00 0.00 X 0 0 0 Mark Griggs 1.00 1.00 X 0 0 0 Dr David Rountree 1.00 0.00 X 0 0 0 Richard T Bowser 1.00 0.00 X 0 0 0 Dr Craig Troxel 1.00 0.00 X 0 0 0 Rev Julian Russell 1.00 0.00 X 0 0 0 Rev Steve Smallman 1.00 0.00 X 0 0 0 Joel Belz 1.00 1.00 X 0 0 0 Dr J Derek Halvorson 40.00 1.00 X 134812 0 13519 Dr Jeffrey Hall 40.00 0.00 X 120703 0 14949 Troy Duble 40.00 0.00 X 119172 0 15003 Brad Voyles 40.00 0.00 X 100373 0 13425 Marc Erickson 40.00 40.00 X 119391 0 15222 Dr Toni Chiareli 40.00 0.00 X 104171 0 12883 698622 0 85001 6 0 0 0 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 7 510537 386473 5758234 37945 6655244 Tuition and fees 900099 28761425 28761425 Room and board charges 721310 6364930 6364930 Conference Program Inc 721110 1050473 1050473 36176828 368273 368273 169241 16317 152924 152924 152924 3160667 2725023 435644 435644 435644 Miscellaneous fee inco 611710 181315 181315 Interest on accounts r 900000 145823 145823 327138 44116051 35307670 1050473 1102664 14005492 14005492 444433 155507 288926 13199251 11181990 1138782 878479 421802 340873 48432 32497 2239301 1860982 141220 237099 834933 677624 96806 60503 17406 2473 14933 61840 61840 20090 20090 75408 75408 794339 439730 346649 7960 61216 55710 4856 650 2301346 1763188 452739 85419 1293855 618656 443772 231427 927262 740580 83339 103343 53643 36606 3781 13256 2266015 1880680 253164 132171 259514 179027 80487 Food services 2459484 2389856 66958 2670 404196 303236 53217 47743 42140826 36632210 3655309 1853307 206056 815938 4452163 5472527 278701 763618 922009 923714 125000 2244517 2296576 40865 112194 203393 260766 71212346 29541554 42258719 41670792 13430133 13846446 3738959 4565773 67775515 70853344 1180453 906932 595535 608902 2455749 2543692 4231737 4059526 X 32437716 32381022 18654325 21899009 12451737 12513787 63543778 66793818 67775515 70853344 1975225 1274813 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24388792 220971 3050839 754682 329097 26576823 25392042 199458 -162645 590627 449436 24388792 21539402 273950 4538799 651821 308288 25392042 18866495 479086 2193821 21539402 25470157 564043 -5965015 803078 399612 18866495 0.20160 0.69180 0.10660 0 1 1 1898213 1898213 57321091 22539218 34781873 3525860 1804050 1721810 7284186 5198286 2085900 1182996 1182996 41670792 Limited partnership 4565773 F 4565773 Deposits, agency funds, and government advances 2511590 Annuities payable 32102 2543692 X 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 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. Europe 0 0 Program services Study abroad programs in which students spend (a) semester(s) completing course requirements in a foreign higher education institution. 10757 0 0 0 0 0 0 10757 0 10757 0 0 0 0 0 0 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. X X X X 1 Jane Jelgerhuis 14049 Scenic Highway Lookout Mountain GA 30750 Fundraiser 0 20090 20090 0 20090 20090 AL AK AR CA CO CT DC FL GA HI ID IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT WA WV WI WY 1 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 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: 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. Derek Halvorson President of Covenant College Housing loan X 125000 125000 0 1 1 125000 X 17 37945 FMV 0 0 1 0 Method for Determining Number of Contributions: Part I, Column (b): The number of contributions represents the number of contributions received, not the number of items donated. 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. Covenant College Foundation Inc 14049 Scenic Highway Lookout Mountain GA 30750 621671894 Raising funds for education GA 501(c)(3) 11, Type II Covenant College 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0