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Covenant Classical School

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Educational Services and Schools - Other (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$1.61M (2023)

Expenses
$1.63M (2023)

Total Assets
$1.48M (2023)

Total Liabilities
$895k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,609,842
Expenses
$1,629,850
Net Income
-$20,008
Net Assets
$589,073
Notable Sources of Revenue Percent of Total Revenue
Contributions $262,030
16.3%
Program Services $1,323,502
82.2%
Investment Income $10,546
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $11,183
0.7%
Net Fundraising -$1,164
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,745
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $172,920
10.6%
Professional Fundraising Fees $0
Other Salaries and Wages $814,853
50.0%
Assets/Debt
Total Assets $1,483,932
Total Liabilities $894,859
Net Assets $589,073
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Tom Stoner (Head Of School) $147,135 $0 $25,785
Tim Bealert (Co Chairperson) $0 $0 $0
Caroline Jones (Co Chairperson) $0 $0 $0
Ashley Ce Wu (Treasurer) $0 $0 $0
Mitch Backes (Director) $0 $0 $0
Vince Bacote (Director) $0 $0 $0
Rebecca Larson (Director) $0 $0 $0
Carlo Britto (Director) $0 $0 $0
Joshua Fogarty (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,579,941
Expenses
$1,616,956
Net Income
-$37,015
Net Assets
$609,081
Notable Sources of Revenue Percent of Total Revenue
Contributions $252,080
16.0%
Program Services $1,325,987
83.9%
Investment Income $257
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$230
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,847
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $155,980
9.6%
Professional Fundraising Fees $0
Other Salaries and Wages $833,572
51.6%
Assets/Debt
Total Assets $1,076,120
Total Liabilities $467,039
Net Assets $609,081
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Tom Stoner (Head Of School) $146,116 $0 $9,864
Mitch Backes (Chairman) $0 $0 $0
Tim Bealert (Treasurer) $0 $0 $0
Caroline Jones (Secretary) $0 $0 $0
Vince Bacote (Director) $0 $0 $0
Nancy Thomas (Director) $0 $0 $0
Rebecca Larson (Director) $0 $0 $0
Ashley Ce Wu (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,772,482
Expenses
$1,470,549
Net Income
$301,933
Net Assets
$646,096
Notable Sources of Revenue Percent of Total Revenue
Contributions $637,691
36.0%
Program Services $1,132,748
63.9%
Investment Income $175
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,868
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $150,909
10.3%
Professional Fundraising Fees $0
Other Salaries and Wages $816,781
55.5%
Assets/Debt
Total Assets $1,186,372
Total Liabilities $540,276
Net Assets $646,096
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Tom Stoner (Head Of School) $127,339 $0 $23,570
Mitch Backes (Chairman) $0 $0 $0
Stephanie Cavin (Secretary) $0 $0 $0
Tim Bealert (Treasurer) $0 $0 $0
Vince Bacote (Director) $0 $0 $0
Caroline Jones (Director) $0 $0 $0
Nancy Thomas (Director) $0 $0 $0
Dan Treier (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,704,061
Expenses
$1,507,396
Net Income
$196,665
Net Assets
$344,163
Notable Sources of Revenue Percent of Total Revenue
Contributions $458,123
26.9%
Program Services $1,238,803
72.7%
Investment Income $4,425
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,710
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $162,806
10.8%
Professional Fundraising Fees $0
Other Salaries and Wages $836,145
55.5%
Assets/Debt
Total Assets $450,379
Total Liabilities $106,216
Net Assets $344,163
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Tom Stoner (Head Of School) $120,921 $0 $41,885
Daniel Treier (Chairman) $0 $0 $0
Mitch Backes (Vice Chairman) $0 $0 $0
Tim Bealert (Treasurer) $0 $0 $0
Stephanie Cavin (Secretary) $0 $0 $0
Vince Bacote (Director) $0 $0 $0
Caroline Jones (Director) $0 $0 $0
James Thomas (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,498,549
Expenses
$1,434,015
Net Income
$64,534
Net Assets
$147,498
Notable Sources of Revenue Percent of Total Revenue
Contributions $179,568
12.0%
Program Services $1,312,056
87.6%
Investment Income $2,101
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,824
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $923,902
64.4%
Assets/Debt
Total Assets $260,328
Total Liabilities $112,830
Net Assets $147,498
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tom Stoner (Head Of Scho) $104,224 $0 $0
Matt Cowan (Treasurer) $0 $0 $0
James Thomas (Trustee) $0 $0 $0
Caroline Jones (Trustee) $0 $0 $0
Dan Treier (Head Of The) $0 $0 $0
Mitch Bakes (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,372,410
Expenses
$1,353,669
Net Income
$18,741
Net Assets
$94,517
Notable Sources of Revenue Percent of Total Revenue
Contributions $165,700
12.1%
Program Services $1,203,501
87.7%
Investment Income $361
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,848
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $919,657
67.9%
Assets/Debt
Total Assets $216,027
Total Liabilities $121,510
Net Assets $94,517
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Matt Cowan (Treasurer) $0 $0 $0
James Thomas (Trustee) $0 $0 $0
Caroline Jones (Trustee) $0 $0 $0
Dan Treier (Head Of The) $0 $0 $0
Mitch Bakes (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,325,543
Expenses
$1,292,158
Net Income
$33,385
Net Assets
$75,776
Notable Sources of Revenue Percent of Total Revenue
Contributions $103,994
7.8%
Program Services $1,219,719
92.0%
Investment Income $331
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,499
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $827,267
64.0%
Assets/Debt
Total Assets $185,148
Total Liabilities $109,372
Net Assets $75,776
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Warren Smith (Head Of The) $0 $0 $0
John Vessey (Finance Dire) $0 $0 $0
Matt Cowan (Trustee) $0 $0 $0
James Thomas (Trustee) $0 $0 $0
Dan Treier (Trustee) $0 $0 $0
Kelley Burke (Trustee) $0 $0 $0
Maureen Keough (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,247,370
Expenses
$1,190,684
Net Income
$56,686
Net Assets
$42,391
Notable Sources of Revenue Percent of Total Revenue
Contributions $78,261
6.3%
Program Services $1,162,445
93.2%
Investment Income $292
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,372
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $747,029
62.7%
Assets/Debt
Total Assets $164,687
Total Liabilities $122,296
Net Assets $42,391

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,057,782
Expenses
$1,067,427
Net Income
-$9,645
Net Assets
-$14,295
Notable Sources of Revenue Percent of Total Revenue
Contributions $107,033
10.1%
Program Services $946,983
89.5%
Investment Income $235
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,531
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $669,922
62.8%
Assets/Debt
Total Assets $140,079
Total Liabilities $154,374
Net Assets -$14,295

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,044,113
Expenses
$989,123
Net Income
$54,990
Net Assets
-$4,650
Notable Sources of Revenue Percent of Total Revenue
Contributions $88,752
8.5%
Program Services $951,784
91.2%
Investment Income $89
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,488
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $635,542
64.3%
Assets/Debt
Total Assets $182,695
Total Liabilities $187,345
Net Assets -$4,650

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$901,263
Expenses
$930,333
Net Income
-$29,070
Net Assets
-$59,640
Notable Sources of Revenue Percent of Total Revenue
Contributions $24,432
2.7%
Program Services $853,512
94.7%
Investment Income $96
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $23,223
2.6%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $128,945
Total Liabilities $188,585
Net Assets -$59,640

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$805,640
Expenses
$855,306
Net Income
-$49,666
Net Assets
-$116,577
Notable Sources of Revenue Percent of Total Revenue
Contributions $41,411
5.1%
Program Services $750,577
93.2%
Investment Income $108
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $13,544
1.7%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $524,594
61.3%
Assets/Debt
Total Assets $120,133
Total Liabilities $236,710
Net Assets -$116,577

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$617,685
Expenses
$686,420
Net Income
-$68,735
Net Assets
-$66,911
Notable Sources of Revenue Percent of Total Revenue
Contributions $97,755
15.8%
Program Services $514,081
83.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $5,849
0.9%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $409,280
59.6%
Assets/Debt
Total Assets $75,894
Total Liabilities $142,805
Net Assets -$66,911

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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