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Covington Theological Seminary Inc

  • Ringgold, GA
  • Tax-exempt since Nov. 2012
  • EIN: 58-1554537

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 / Graduate, Professional Schools (Separate Entities) (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2021 tax filing, this nonprofit:

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

Summary charts: organization finances over time

Revenue
$131k (2021)

Expenses
$142k (2021)

Total Assets
$160k (2021)

Total Liabilities
$47.9k (2021)

Source: Form 990 tax filings from 2011 to 2021

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 Dec.
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$131,082
Expenses
$141,929
Net Income
-$10,847
Net Assets
$112,286
Notable Sources of Revenue Percent of Total Revenue
Contributions $17,385
13.3%
Program Services $109,911
83.8%
Investment Income $2
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $3,677
2.8%
Other Revenue $107
0.1%
Assets/Debt
Total Assets $160,198
Total Liabilities $47,912
Net Assets $112,286
Other
Operated a school
Compensation
Key Employees and Officers Compensation Other
Bret M Sullivan (President) $0 $0
Gary S Fleetwood Jr (Chairman Of The Board) $0 $0
Eddie Rushing (Internl Vice President) $0 $0
Robert Craven (Alumni Assn President) $0 $0
Marvin Cornelison (Executive Vice President) $0 $0
Cheryl Brock (Director) $0 $0
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Document Links

990-EZ
Filed on Nov. 14, 2022

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$155,696
Expenses
$155,780
Net Income
-$84
Net Assets
$105,685
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,930
5.7%
Program Services $146,439
94.1%
Investment Income $23
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $269
0.2%
Other Revenue $35
0.0%
Assets/Debt
Total Assets $164,921
Total Liabilities $59,236
Net Assets $105,685
Other
Operated a school
Compensation
Key Employees and Officers Compensation Other
Bret M Sullivan (President) $36,000 $21,600
Gary S Fleetwood Jr (Chairman Of The Board) $0 $0
James Sullivan (President Emeritus) $0 $0
Eddie Rushing (Internl Vice President) $0 $0
Robert Craven (Alumni Assn President) $0 $0
Marvin Cornelison (Executive Vice President) $0 $0
Cheryl Brock (Director) $0 $0
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Document Links

990-EZ
Filed on Nov. 12, 2021

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$148,720
Expenses
$165,911
Net Income
-$17,191
Net Assets
$105,769
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,389
5.0%
Program Services $139,911
94.1%
Investment Income $71
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $1,344
0.9%
Other Revenue $5
0.0%
Assets/Debt
Total Assets $122,125
Total Liabilities $16,356
Net Assets $105,769
Other
Operated a school
Compensation
Key Employees and Officers Compensation Other
Bret M Sullivan (President) $0 $0
Gary S Fleetwood Jr (Chairman Of The Board) $0 $0
Ron Jackson (Financial Vice Pres) $0 $0
James Sullivan (President Emeritus) $0 $0
Eddie Rushing (Internl Vice President) $0 $0
Edsel Bone (Academic Vice President) $0 $0
Robert Craven (Alumni Assn President) $0 $0
Marvin Cornelison (Executive Vice President) $0 $0
Cheryl Brock (Director) $0 $0
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Document Links

990-EZ
Filed on Nov. 15, 2020

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$160,096
Expenses
$184,844
Net Income
-$24,748
Net Assets
$111,963
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,811
3.0%
Program Services $154,047
96.2%
Investment Income $64
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $977
0.6%
Other Revenue $197
0.1%
Assets/Debt
Total Assets $127,961
Total Liabilities $15,998
Net Assets $111,963
Other
Operated a school
Compensation
Key Employees and Officers Compensation Other
Bret M Sullivan (President) $36,000 $21,600
Gary S Fleetwood Jr (Chairman Of The Board) $0 $0
Ron Jackson (Financial Vice Pres) $0 $0
James Sullivan (President Emeritus) $0 $0
Eddie Rushing (Internl Vice President) $0 $0
Edsel Bone (Academic Vice President) $0 $0
Robert Craven (Alumni Assn President) $0 $0
Marvin Cornelison (Executive Vice President) $0 $0
Jay Trimble (Director) $0 $0
Cheryl Brock (Director) $0 $0
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Document Links

990-EZ
Filed on Aug. 2, 2019

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$163,990
Expenses
$178,642
Net Income
-$14,652
Net Assets
$134,036
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,015
5.5%
Program Services $151,704
92.5%
Investment Income $23
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $1,984
1.2%
Other Revenue $1,264
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $41,167
23.0%
Professional Fundraising Fees $0
Other Salaries and Wages $29,750
16.7%
Assets/Debt
Total Assets $150,485
Total Liabilities $16,449
Net Assets $134,036
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Bret M Sullivan (President) $36,000 $0 $21,600
James S Sullivan Jr (Chairman Of The Board) $0 $0 $3,000
Ron Jackson (Financial Vice Pres) $0 $0 $0
Gary Fleetwood (Academic Vice President) $0 $0 $0
Eddie Rushing (Internl Vice Pres) $0 $0 $0
Edsel Bone (Vice President) $0 $0 $0
Robert Craven (Alumni Assn Presidemt) $0 $0 $0
Marvin Cornelison (Secretary) $0 $0 $0
Jay Trimble (Director) $0 $0 $0
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Document Links

990
Filed on July 26, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$227,107
Expenses
$272,210
Net Income
-$45,103
Net Assets
$158,525
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,419
1.5%
Program Services $227,672
> 100%
Investment Income $9
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,800
2.1%
Net Inventory Sales -$9,404
Other Revenue $611
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $87,667
32.2%
Professional Fundraising Fees $0
Other Salaries and Wages $33,000
12.1%
Assets/Debt
Total Assets $177,394
Total Liabilities $18,869
Net Assets $158,525
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
James S Sullivan Jr (President) $51,667 $0 $0
Bret M Sullivan (Vp Of Operations) $36,000 $0 $0
Eddie Ildifonso (Executive Vp) $0 $0 $0
Marvin Cornelison (Cfo/Secretary) $0 $0 $0
Gary Fleetwood (Academic Vp) $0 $0 $0
Edsel Bone (Director) $0 $0 $0
Jay Trimble (Director) $0 $0 $0
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Document Links

990
Filed on May 9, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$287,806
Expenses
$290,119
Net Income
-$2,313
Net Assets
$655,885
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,204
1.8%
Program Services $303,511
> 100%
Investment Income $11
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$21,004
Other Revenue $84
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $98,271
33.9%
Professional Fundraising Fees $0
Other Salaries and Wages $17,777
6.1%
Assets/Debt
Total Assets $680,872
Total Liabilities $24,987
Net Assets $655,885
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
James S Sullivan Jr (President) $47,600 $0 $0
Bret M Sullivan (Vp Of Operations) $35,671 $0 $0
Eddie Ildifonso (Executive Vp) $0 $0 $0
Marvin Cornelison (Cfo/Secretary) $0 $0 $0
Gary Fleetwood (Academic Vp) $0 $0 $0
Edsel Bone (Director) $0 $0 $0
Jay Trimble (Director) $0 $0 $0
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Document Links

990
Filed on May 13, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$263,322
Expenses
$294,990
Net Income
-$31,668
Net Assets
$627,491
Notable Sources of Revenue Percent of Total Revenue
Contributions $13,637
5.2%
Program Services $243,501
92.5%
Investment Income $14
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $5,662
2.2%
Other Revenue $508
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $56,833
19.3%
Professional Fundraising Fees $0
Other Salaries and Wages $72,132
24.5%
Assets/Debt
Total Assets $660,596
Total Liabilities $33,105
Net Assets $627,491
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
James S Sullivan Jr (President) $56,833 $0 $0
Bret M Sullivan (Vp Of Operations) $36,000 $0 $0
Randy Niswonger (Registrar) $27,132 $0 $0
Marvin Cornelison (Cfo) $0 $0 $0
Jay Trimble (Exec Vp) $0 $0 $0
Edsel Bone (Academic Vp) $0 $0 $0
Marvin Cornelison (Secretary) $0 $0 $0
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990
Filed on May 14, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$350,103
Expenses
$321,488
Net Income
$28,615
Net Assets
$580,238
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,359
1.5%
Program Services $333,751
95.3%
Investment Income $73
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $9,170
2.6%
Other Revenue $1,750
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $63,437
19.7%
Professional Fundraising Fees $0
Other Salaries and Wages $64,892
20.2%
Assets/Debt
Total Assets $601,350
Total Liabilities $21,112
Net Assets $580,238
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
James S Sullivan Jr (President) $62,000 $0 $0
Bret M Sullivan (Vp Of Operations) $29,592 $0 $0
Randy Niswonger (Registrar) $4,596 $0 $0
Marvin Cornelison (Cfo) $0 $0 $0
Jay Trimble (Exec Vp) $0 $0 $0
Edsel Bone (Academic Vp) $0 $0 $0
Marvin Cornelison (Secretary) $0 $0 $0
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990
Filed on July 23, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$408,306
Expenses
$380,788
Net Income
$27,518
Net Assets
$539,378
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,370
1.3%
Program Services $394,005
96.5%
Investment Income $323
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,856
1.2%
Net Inventory Sales $0
Other Revenue $3,752
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $78,507
20.6%
Professional Fundraising Fees $0
Other Salaries and Wages $95,364
25.0%
Assets/Debt
Total Assets $563,193
Total Liabilities $23,815
Net Assets $539,378

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$433,106
Expenses
$409,160
Net Income
$23,946
Net Assets
$522,127
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,604
1.3%
Program Services $426,485
98.5%
Investment Income $458
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$2,161
Other Revenue $2,720
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $105,012
25.7%
Professional Fundraising Fees $0
Other Salaries and Wages $64,047
15.7%
Assets/Debt
Total Assets $549,886
Total Liabilities $27,759
Net Assets $522,127

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is 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.

Which Organizations Are Here?

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 »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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