2011-01-21T14:29:48-06:00 2010-06-30 HAZLETT LEWIS & BIETER PLLC 537 MARKET STREET SUITE 300 CHATTANOOGA TN 374021239 990 2009-07-01 430719506 COVENANT COLLEGE INC COVE 7068201560 14049 SCENIC HIGHWAY LOOKOUT MOUNTAIN GA 30750 JEFF HALL 7068201560 2011-01-11 1 W ROGER FITCH 4237566133 2011-01-06 2009 2016-02-24 21:20:13Z JEFF HALL 14049 SCENIC HIGHWAY LOOKOUT MOUNTAIN GA 30750 49754118 0 X WWW.COVENANT.EDU X 1955 GA HIGHER EDUCATION 28 28 1087 0 1024349 -482144 6269316 9285638 33047077 33564476 -2782458 475953 618381 601005 37152316 43927072 10333835 11157129 0 16683065 15760442 30000 1520693 11833017 12859222 38849917 39806793 -1697601 4120279 62614189 66689991 5778574 4972185 56835615 61717806 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 and strong teaching and scholarship at the foundation, our Christ-centered community seeks to help students mature in three primary areas: Identity in ChristBiblical frame of referenceService that is Christ-like 0 0 19030228 10009529 27107093 INSTRUCTIONAL EXPENSES DIRECTLY RELATED TO THE ACADEMIC DISCIPLINES OF THE COLLEGE 2563557 ACADEMIC SUPPORT DEPARTMENTS 6483209 291145 STUDENT SERVICE DEPARTMENTS AND SCHOLARSHIPS AND GRANTS 1787799 LIBRARY AND PUBLIC SERVICE DEPARTMENTS 3523616 5441801 AUXILIARIES - ROOM AND BOARD 1506493 INDEPENDENT OPERATIONS FOR PROFIT BUSINESSES REPORTED ON FORM 990-T 6817908 5441801 34894902 1 1 0 0 0 0 0 0 1 1 1 1 1 0 1 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 106 0 1 1087 1 1 1 1 CJ 0 0 0 0 0 0 0 28 28 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 1 1 1 1 1 GA X ROBERT HARBERT 7064191116 14049 SCENIC HWY LOOKOUT MTN GA 30750 T MARCH BELL X 0 0 0 JOEL BELZ X 0 0 0 RICHARD T BOWSER X 0 0 0 WILLIAM P BURDETTE X 0 0 0 DAVID F BYERS X 0 0 0 DR J RENDER CAINES X 0 0 0 CHARLES R COX X 0 0 0 DR ROBERT DAVIS X 0 0 0 GARY HALUSKA X 0 0 0 DR BRADLEY M HARRIS X 0 0 0 DUNCAN HIGHMARK X 0 0 0 REV WILLIAM YONG JIN X 0 0 0 JAMES JOLLY X 0 0 0 REV MICHAEL L JONES X 0 0 0 MARTIN A MOORE X 0 0 0 REV A RANDY NABORS X 0 0 0 STEPHEN NIELSON X 0 0 0 DR ROBERT A PETTERSON X 0 0 0 PETER B POLK X 0 0 0 DR ROBERT S RAYBURN X 0 0 0 DONALD E RITTLER X 0 0 0 DR GEORGE W ROBERTSON X 0 0 0 DR DAVID ROUNTREE X 0 0 0 REV ARTHUR E SCOTT X 0 0 0 REV A CRAIG TROXELL X 0 0 0 REV DOUG WARREN X 0 0 0 BRUCE C WILLIAMS X 0 0 0 R CRAIG WOOD X 0 0 0 DR NIEL NIELSON 40.00 X 175235 0 110969 BRAD VOYLES 40.00 X 76156 0 10743 TROY DUBLE 40.00 X 100353 0 11430 DR JEFFREY HALL 40.00 X 104402 0 11274 JAMES DREXLER 40.00 X 105581 0 86820 KEVIN EAMES 40.00 X 106668 0 10515 ANTONIO CHIARELI 40.00 X 116529 0 10394 OLIVER TRIMIEW 40.00 X 100770 0 42782 WALLACE ANDERSON X 266231 0 6129 DOUGLAS SIZEMORE X 173925 0 14728 1325850 0 315784 9 1 1 0 CHARTWELLS DINING SERVICES PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE 2286414 OTIS ELEVATOR COMPANY PO BOX 905454 CHARLOTTE NC 28290 CONSTRUCTION 547797 SKH CONSTRUCTION ENTERPRISES LLC 409 HARPER ST CHATTANOOGA TN 30405 CONSTRUCTION 496797 TOTAL BUILDING MAINTENANCE INC 1908 COWART ST CHATTANOOGA TN 37408 CONSTRUCTION 207673 MILLER & MARTIN PLLC 832 GEORGIA AVE SUITE 1000 CHATTANOOGA TN 37402 LEGAL SERVICE 148283 7 389008 8896630 4048065 9285638 TUITION & FEES 900099 27107094 27107094 ROOM & BOARD CHARGES 721310 5441800 5441800 CONFERENCE PROGRAM INC 721110 1015582 1015582 33564476 260585 8767 251818 130754 130754 130754 130754 6042414 5827046 215368 215368 215368 REIMBURSEMENT AMOUNTS 611710 291145 291145 INTEREST ON A/R 900000 179106 179106 470251 43927072 32840039 1024349 777046 11157129 11157129 639144 228825 286305 124014 12081745 10610333 987213 484199 97240 64680 27688 4872 2102924 1853167 150248 99509 839389 707913 87036 44440 94217 23732 70485 58570 58570 30000 30000 95825 95825 199017 188184 1610 9223 145354 141754 3600 719215 548114 69960 101141 67931 40762 2141 25028 9417 9417 1777337 1428588 238630 110119 280035 165817 114218 Food services charges 2245902 2237226 7273 1403 SUpplies 1707809 1506401 146948 54460 MIScellaneous 1493574 1383424 72650 37500 Contracted services 1153693 872383 248460 32850 Utilities 1107614 1097456 10158 1703712 639014 702763 361935 39806793 34894902 3391198 1520693 67389 448818 104706 2293597 1357983 1195089 1111264 956608 2720182 2709154 52928 41677 184024 579847 67380100 24103276 43692234 43276824 9645853 11476027 3677626 3712350 62614189 66689991 786503 1078669 1182047 1204374 3810024 2689142 5778574 4972185 X 29718158 32240716 15118448 17240095 11999009 12236995 56835615 61717806 62614189 66689991 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13356060 737986 908515 4372 14998189 18520284 161145 -5331634 -6265 13356060 0.18410 0.81590 0 0 1898213 1898213 55418658 18497244 36921414 3206762 681792 2524970 6703093 4924240 1778853 153374 153374 43276824 LIMITED PARTNERSHIP 3712350 F 3712350 DEPOSITS, AGENCY FUNDS, GOVERNMENT ADVANCES 2410628 Accrued expenses 247384 ANNUITY PAYABLES 31130 2689142 43927072 39806793 4120279 761912 761912 4882191 34583630 761912 761912 33821718 95825 10009529 10105354 43927072 29701439 0 29701439 95825 10009529 10105354 39806793 Part V, Line 4: Description of Intended Use of Endowment Funds: ENDOWMENT FUNDS ARE INVESTED TO PRODUCE INCOME WHICH IS USED TO FUND SCHOLARSHIPS. Part XII, Line 4b - Other Adjustments: SCHOLARSHIPS (TUITION SHOWN NET OF SCHOLARSHIPS ON FINANCIALS): 10009529. Part XIII, Line 4b - Other Adjustments: SCHOLARSHIPS (TUITION SHOWN NET OF SCHOLARSHIPS ON FINANCIALS): 10009529. PART X, LINE 2: ON JULY 1, 2009 THE COLLEGE AND ITS SUPPORTING FOUNDATION ADOPTED THE RECENT ACCOUNTING GUIDANCE FOR RECOGNIZING AND MEASURING UNCERTAIN TAX POSITIONS. THE COLLEGE AND ITS SUPPORTING FOUNDATION FOLLOW THE STATUTORY REQUIREMENTS FOR THEIR INCOME TAX ACCOUNTING AND GENERALLY AVOID RISKS ASSOCIATED WITH POTENTIALLY PROBLEMATIC TAX POSITIONS THAT MAY BE CHALLENGED UPON EXAMINATION. 1 1 1 THE POLICY IS INCLUDED IN BOTH GRADUATE AND UNDERGRADUATE CATALOGS, THE COLLEGE WEBSITE, THE COLLEGE APPLICATION FOR ADMISSIONS AND COLLEGE ADVERTISING. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE ORGANIZATION RECEIVES ASSISTANCE FROM THE FOLLOWING FEDERAL PROGRAMS: FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL FAMILY EDUCATION LOAN PROGRAM, FEDERAL WORK STUDY PROGRAM, FEDERAL PERKINS LOAN PROGRAM, FEDERAL PELL GRANT PROGRAM, ACADEMIC COMPETITIVENESS GRANT PROGRAM AND NATIONAL SCIENCE AND MATHEMATICS ACCESS TO RETAIN TALENT GRANT PROGRAM. 1 EAST ASIA & PACIFIC 0 0 PROGRAM SERVICES TEACH REMOTE COURSE 1405 SOUTH AMERICA 0 0 PROGRAM SERVICES TEACH REMOTE COURSE 5805 SOUTH AMERICA 0 0 PROGRAM SERVICES CURRICULUM TRANSLATION 3272 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES TEACH REMOTE COURSE 2175 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES CURRICULUM FIELD TESTING 1230 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES CURRICULUM REVIEW 6310 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES CURRICULUM TRANSLATION 1280 0 0 21477 X X X X 1 JANE JELGERHUIS FUNDRAISER 0 100580 30000 70580 100580 30000 70580 AL AK AR CA CO CT DC FL GA HI ID IL IN 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 VA WA WV WI WY IN-PERSON CONTACT 100580 100580 30000 100580 100580 30000 30000 70580 1 FEDERAL GRANTOR/PASS-THROUGH GRANTOR/PROGRAM AND STUDENT FINANCIAL AID FROM COLLEGE 1203 11157129 Other Information: Part IV: THE COLLEGE PROVIDES SCHOLARSHIPS TO STUDENTS ENROLLED IN ITS PROGRAMS. SCHOLARSHIPS ARE AWARDED BASED ON STUDENT ACHEIVEMENTS IN ACADEMICS, PERFORMING ARTS, AND ATHLETICS. TO BE CONSIDERED FOR SCHOLARSHIP ASSISTANCE, STUDENTS MUST APPLY FOR ADMISSION, SUBMIT ACADEMIC TRANSCIPTS OF PRIOR EDUCATIONAL WORK, SUBMIT TEST SCORES (ACT/SAT), AND SUBMIT AN APPLICATION FOR THE SCHOLARSHIP PROGRAM. SOME SCHOLARSHIPS REQUIRE ADDITIONAL RECOMMENDATIONS OR CERTIFICATIONS BY THIRD PARTIES. ACADEMIC PROGRESS OF SCHOLARSHIP RECIPIENTS IS MONITORED, AND THEY MUST EARN A MINIMUM AMOUNT OF COLLEGE CREDITS AND A MINIMUM GPA EACH SEMESTER IN ORDER TO MAINTAIN ELIGIBILITY. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DR NIEL NIELSON 175235 0 0 0 0 0 15000 0 95969 0 286204 0 198609 0 JAMES DREXLER 105581 0 0 0 0 0 0 0 86820 0 192401 0 145035 0 WALLACE ANDERSON 266231 0 0 0 0 0 0 0 6129 0 272360 0 129828 0 DOUGLAS SIZEMORE 173925 0 0 0 0 0 0 0 14728 0 188653 0 0 0 X 8 4048065 STOCK MKT MEAN COST/SHAR 0 1 1 Third Party Use: Part I, Line 32b: WELLS FARGO RECEIVES AND SELLS STOCK GIFTS ON BEHALF OF THE ORGANIZATION. Form 990, Part VI, Section B, line 11 THE ORGANIZATION PROVIDES FORM 990 TO THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE MEETS AT LEAST ANNUALLY TO REVIEW AND APPROVE FORM 990 PRIOR TO FILING THE RETURN. 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. 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. Form 990, Part VI, Section C, line 19 FORMS 1023, 990, 990-T AND OTHER DOCUMENTATION IS MADE AVAILABLE UPON REQUEST. Form 990, Part VII Contact Addresses for Officers, Directors, Etc T. MARCH BELL - 3820 LINDA LANE, ANNANDALE, VA 22003-6109. JOEL BELZ - 392 OLD HAW CREEK ROAD, ASHEVILLE, NC 28805-1453. RICHARD T. BOWSER - 16 WEST CHRISTIAN COURT, ANGIER, NC 27501. WILLIAM P. BURDETTE - 15291 SAM SNEAD LANE, N. FT. MEYERS, FL 33917. DAVID F. BYERS - 4233 OLD BROOK TRIAL, BIRMINGHAM, AL 35243. DR. J. RENDER CAINES - 492 LARRY DRIVE, RINGGOLD, GA 30736. CHARLES R. COX - 118 RIDGE ROCK TRAIL, TRAVELERS REST, SC 29690. DR. ROBERT DAVIS - 2800 BARRETT RIDGE ROAD, DRAPER, VA 24324. GARY HALUSKA - 5321 NORTH WOODVIEW AVE, PEORIA, IL 61614. DR. BRADLEY M. HARRIS - 8217 POPLAR PIKE, GERMANTOWN, TN 38138. DUNCAN HIGHMARK - 1817 HIGH OAK, ST. LOUIS, MO 63131. REV. WILLIAM YONG JIN - 3165 ST. JOHN'S LANE, ELLICOTT CITY, MD 21042. JAMES JOLLY - 347 IVEY GATE RIDGE #2, DALTON, GA 30720. REV. MICHAEL L. JONES - 1308 HIGHPOINT TERRACE, BIRMINGHAM, AL 35235. MARTIN A. MOORE - 4214 DUNHAM PARK ROAD, FLOWERY BRANCH, GA 30542. REV. A. RANDY NABORS - 2424 EAST 3RD STREET, CHATTANOOGA, TN 37404. STEPHEN NIELSON - P.O. BOX 12721, DALLAS, TX 75225. DR. ROBERT A. PETTERSON - 4200 KENSINGTON HIGH STREET, NAPLES, FL 34105. PETER B. POLK - 1929 BALTIMORE ANNAPOLIS BOULEVARD, ANNAPOLIS, MD 21409. DR. ROBERT S. RAYBURN - 620 SOUTH SHIRLEY STREET, TACOMA, WA 98465-2531. DONALD E. RITTLER - 18 SEMINARY DRIVE, LUTHERVILLE, MD 21093. DR. GEORGE W. ROBERTSON - 642 TELFAIR STREET, AUGUSTA, GA 30901. DR. DAVID ROUNTREE - 110 BENEFIELD'S RIDGE, WILLIAMSTON, SC 29697-9148. REV. ARTHUR E. SCOTT - 7610 GLENWOOD DRIVE, MYRTLE BEACH, SC 29752. REV. A. CRAIG TROXELL - 222 W. ELM STREET, WHEATON, IL 60189. REV. DOUG WARREN - 33 OVERSET ROAD, PORTLAND, ME 04103. BRUCE C. WILLIAMS - 6006 GREENLEAF COURT, BRENTWOOD, TN 37027. R. CRAIG WOOD - 1446 GROVE ROAD, CHARLOTTESVILLE, VA 22901. PART XI, LINE 2C: THE ORGANIZATION'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 535 CHESTNUT STREET CHATTANOOGA TN 37402 621671894 RAISE FUNDS FOR EDUCATION TN 501(C)(3) 11, TYPE I N/A 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 COVENANT COLLEGE FOUNDATION INC C 189250